What is bitvol.info?
The Bitcoin Volatility Index is used for tracking the Bitcoin and Litecoin price volatility in US dollars over different periods of time.
What is volatility and why does it matter?
Volatility is a measure of how much the price of an asset varies over time. Volatility refers to the amount of uncertainity or risk about the size of changes in a finacial asset's value. A higher volatility means that the price of the asset can change dramatically over a short time period in either direction. A lower volatility means that a financial asset's value does not fluctuate dramatically, but changes in value at a steady pace over a period of time. If Bitcoin volatility decreases, the cost of converting into and out of Bitcoin will decrease as well.
How does bitvol.info calculate the volatility?
It uses the standard deviation of the daily open price for the preceding 30-, 60-, 120- and 365-day windows. These are measures of historical volatility based on past Bitcoin and Litecoin prices.
Which sources are used by this website?
bitvol.info used the CoinDesk API for querying historical Bitcoin data used in the volatility calculation. Furthermore, it uses the BitStamp API for querying the opening price of both Bitcoin and Litecoin. Both sources may change in the future. The price and accuracy of the calculations are expected to continually improve after Q2 2018.
Why does this website look broken?
It is highly likely that you're viewing an outdated (cached) version of the website. Try forcing a cache refresh by pressing CTRL + F5.
Are there any more planned features?
The primary plan is to add a comparison between the Bitcoin volatility and the volatility of a few traditional currencies. Any suggestions, and other inquiries may be sent to firstname.lastname@example.org.