Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: KaizenJujustsu on April 20, 2023, 04:47:33 PM



Title: Bitcoin's Volatility Problem
Post by: KaizenJujustsu on April 20, 2023, 04:47:33 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.


Title: Re: Bitcoin's Volatility Problem
Post by: death69 on April 20, 2023, 05:53:23 PM
Well, halelujah for the blazing insight, Sherlock ::) ::)! Who could've guessed Bitcoin's value fluctuates? Mind = shattered.

But for reals, despite Bitcoin's rollercoaster nature and decentralized state, it's chock-full of perks for payments and investments. Granted, it's not a rock-steady currency, but hey, who wouldn't trade monotony for heart-hammering portfolio peeks?

Regarding the government and regulators' inability to snoop and control Bitcoin, isn't that just the cherry on top? After all, who craves an Orwellian overlord dictating our crypto moves?

So let's all dive headfirst into Bitcoin's chaotic charm and bask in the capricious crypto trading escapades. Because, honestly, who needs snoze-worthy stability when you can have a blast?


Title: Re: Bitcoin's Volatility Problem
Post by: acroman08 on April 20, 2023, 06:19:45 PM
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
or the value of that payment could increase significantly before they exchange it for a more stable currency and the businesses that hold bitcoin as an investment may experience a significant increase in profit from their investment when bitcoin's price increased suddenly.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
would you mind elaborating as to why the lack of regulation on Bitcoin creates significant challenges for people like us?


Title: Re: Bitcoin's Volatility Problem
Post by: Fivestar4everMVP on April 20, 2023, 09:22:06 PM
I did like to see this from different angle, honestly, if bitcoin was a stable currency, how many people do you think would have invested in it, and beside, would there have been any need to invest when you know that your investment will not yield any profit or loss for days, weeks, months, or even years?.

I personally see the high volatility of bitcoin as it's blessing, several hundreds of thousands of people around the world have become millionaires of different levels, not by bitcoin's stability, but by its volatility.

And besides, if as a business accepting bitcoin as payment, you fail to convert bitcoin into a more stable coin before the price falls, you can wait for the price to come back up, remember, you have not lost your money until you sell at a loss.


Title: Re: Bitcoin's Volatility Problem
Post by: tabas on April 20, 2023, 11:13:37 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
Everyone who gets to know bitcoin should always be aware that bitcoin is volatile in nature and that feature will never be gone but will always be the first to be recognized. While it's true that for some businesses, it's a challenge to accept bitcoin because they should have a good cashflow to make their business keep on going. For individuals, I don't think that this is a big challenge to think of. Before, many have seen the opportunity instead of challenge with bitcoin's volatility and that's why it really depends on how we look at it. The opportunity comes in as an investment but being a payment as an individual, it isn't a challenge either.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
That's why there are third party services that they can use and it is their option to opt with those services so that, they won't just hold and lessen its value while holding it but they can convert it quickly to their preferred currency or cash.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
They can just be after the exchanges and that's why KYC is mostly implemented to the exchanges but then, bitcoin isn't really made for that purpose. Thus, that's why it's decentralized in nature.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Bitcoin survived on its early days without their intervention and will still survive whether they're in or out. Those aren't really challenges at all IMHO.


Title: Re: Bitcoin's Volatility Problem
Post by: Ndabagi01 on April 20, 2023, 11:19:56 PM
The concept of bitcoin's volatile nature makes it impossible for those who think similarly not to invest in it. Perhaps you are unaware that the price fluctuation makes it a risky investment to make. You only stated the disadvantage when the price lowers, but what if the price rises? Would you still not take the profit or would you prefer to collect the money as it was before the price rise? If you do not want any of this, you can easily convert your bitcoin to a stable coin when you receive it as payment.

The decentralized nature has greatly aided the government's inability to restrict its use. Everyone wants complete control over their money, which bitcoin has offered. That is a significant benefit to users and a reason why they should continue to use it.


Title: Re: Bitcoin's Volatility Problem
Post by: logfiles on April 20, 2023, 11:59:43 PM
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
How about the positive side...huh?
What if the same Bitcoin price spikes by 20% in a day after payment is made. Do you still complain on about the profits made?

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
Then use your messed-up fiat for transactions. No one is forcing you to use Bitcoin

The purpose of Bitcoin is very clear when you read the white paper. It's an alternative electronic peer to peer payment system for those who value some level of privacy and don't want any middle man involved in their transactions/payments.


Title: Re: Bitcoin's Volatility Problem
Post by: hd49728 on April 21, 2023, 01:25:31 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
Is it more volatile than crude oil in 2020 with negative trading price?

Is it more volatile than stocks of some banks which collapsed or filed for bankruptcy weeks ago?

Bitcoin is volatile but it is not a most volatile asset. Anyone tell you it is most volatile asset is a liar.

What happened to oil prices in 2020 (https://www.investopedia.com/articles/investing/100615/will-oil-prices-go-2017.asp)


Title: Re: Bitcoin's Volatility Problem
Post by: TravelMug on April 21, 2023, 01:35:33 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

Again, I was just surprised to see this kind of threads when bitcoin is on a sort of bull run. Many newbie account suddenly popping up and trying to downplay bitcoin's growth and says negative things about it.

To answer though, it's either you embrace bitcoin's volatility or not, simple as that. If you can't then you might as well go and invest and trade on traditional market like stocks where there is less volatility and government have control over them, or there is a stringent set of regulations that the companies will have to follow.


Title: Re: Bitcoin's Volatility Problem
Post by: Darker45 on April 21, 2023, 01:37:59 AM
You must have read this elsewhere. But these are indeed legitimate concerns. Although there certainly are advantages and disadvantages of Bitcoin's volatility and decentralization, certain disadvantages are a hindrance for its adoption. In addition to your example, we have also heard of people who accept salaries in Bitcoin. I reckon that these people are not completely dependent on their regular salaries. Or even if they are, their salaries are huge enough that they have enough savings and they need not convert their salaries immediately to fiat. To those who are completely dependent on what they receive weekly, bi-monthly, or monthly, however, it could happen that as soon as they convert their salary to fiat, it has already lost 5%.


Title: Re: Bitcoin's Volatility Problem
Post by: aryana42 on April 21, 2023, 01:58:44 AM
Bitcoin is very volatile, so using it as a business payment method is not a wise idea. Almost no large businesses accept bitcoin for payment, only a few small businesses of bitcoin lovers use it for payment. But I bet the revenue from bitcoin will be insignificant because people are looking at bitcoin as an asset for profit speculation rather than to be used as a currency. Bitcoin is too volatile and no one wants to spend more on purchases.


Title: Re: Bitcoin's Volatility Problem
Post by: John Abraham on April 21, 2023, 02:55:35 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
This is the nature Of Bitcoin. When you accept Bitcoin as a payment method. You are aware of the risk and its volatility. It's possible to see a massive crash in the market, while it's also possible to see a good pump within a short time frame. You have to do the proper risk management for your business. You should be ready for a possible market crash. Also, You can expect a pump. This is how Bitcoin works, and we all know that. You shouldn't worry about it.


Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Tell me where the regulations come from. What was the initial plan for Bitcoin? Bitcoin users are supposed to be anonymous, and they shouldn't ever be regulated. I don't care if businesses allow Bitcoin as a payment method. But, If regulations start to regulate Bitcoin, I will have to leave Bitcoin. I don't use Bitcoin to make money. I don't want to be regulated. You guys do not understand the concept of Bitcoin and its purposes.


Title: Re: Bitcoin's Volatility Problem
Post by: Don Pedro Dinero on April 21, 2023, 03:07:50 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

As a means of payment, yes, but not as an investment. Whoever invests in bitcoin already knows what is out there, and if they don't, they should have informed themselves beforehand. As a means of payment, as things stand, volatility is a major reason for it not to become widespread, but it is currently successful as an investment, as a store of value, and everything suggests that it will continue to be so in the near future.



Title: Re: Bitcoin's Volatility Problem
Post by: BitDane on April 21, 2023, 03:26:18 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

This high volatility is fixed by converting Bitcoin payment in real time.  The merchant who give options to pay in BTC uses a third party apps that have an option to either accept the BTC or convert it to cash as soon as the payment is received.  So I do not think that the high volatility is still a challenge or problem for Bitcoin in terms of merchant accepting BTC.  It has been long fixed.  The only problem I see is the government regulation and its stand on Bitcoin being a legal tender or a mode of payment.


the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

This might be a problem for the government but the decentralized nature of Bitcoin gives its user the freedom from the controlling effect of the government.  There is always positive and negative points but I think Bitcoin is more on for the masses than being a tool of the government to milk its constituents of their hard earned money.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

The government had already known the problem and created steps or system to at least minimize these challenges.  The KYC on centralized exchanges, the declaration of accepting Bitcoin as mode of payment and some country as legal tender, creation of regulation where in it impose the government demands toward using Bitcoin.  Bitcoin has no problem itself, it is the government who wanted to have a share on the pie of Bitcoin Industry so they have to adjust in order to rake the benefits.  I don't see any government problem on taxing registered businesses since these businesses are bound to report their annual gain and be taxed on it.


Title: Re: Bitcoin's Volatility Problem
Post by: mk4 on April 21, 2023, 03:40:54 AM
Bitcoin being volatile has little to no relation to it being decentralized. Even if bitcoin was heavily heavily regulated in all aspects you can imagine, it would still be volatile because of it being a very young and hence very speculative asset.


Title: Re: Bitcoin's Volatility Problem
Post by: thecodebear on April 21, 2023, 03:59:15 AM
Volatility is not a problem. Volatility is due to Bitcoin being a financial asset that trades in a free market, and a new one at that.

Volatility is good for investors and traders. For people spending or taking payment of Bitcoin they can use a service to convert it immediately into fiat if they want, or otherwise they know about the volatility and accept it. So its not a problem either way.


Title: Re: Bitcoin's Volatility Problem
Post by: LittleBitFunny on April 21, 2023, 04:15:01 AM
I agree with you, the volatility of bitcoin creates a challenge for businesses that want to use bitcoin as a payment method. No one wants their money to lose 10% of its value within 1 hour of being paid, and that's why I don't like using it as a payment method.
But on the contrary, the volatility of bitcoin is a good thing for investors like us because the more volatile, the higher the return. For me, volatility is a good thing because if bitcoin becomes stable, I'm not sure many people will invest in it, and I don't think it would be as popular as it is today if it were stable.


Title: Re: Bitcoin's Volatility Problem
Post by: retreat on April 21, 2023, 04:34:13 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

If the business is not too big, I don't think it will be a problem using Bitcoin as payment because its fluctuating price will not really affect the payment value, especially if the transaction is exchanged directly through an exchange. But it is true that the challenge is when Bitcoin is used in transactions with a larger value, it may affect the price of Bitcoin significantly. But who else uses Bitcoin for transactions of enormous value? I think they are very stupid to use Bitcoin for large value transactions.


Title: Re: Bitcoin's Volatility Problem
Post by: crunck on April 21, 2023, 05:16:52 AM
That's your problem, not ours, as most of us use bitcoin as an investment rather than a means of payment. Look at its positive side instead of digging through its limitations because there is no such thing as perfect in this world. If volatile bitcoin is not suitable as a means of payment then don't use it for that purpose, while fiat is doing a great job at it.


Title: Re: Bitcoin's Volatility Problem
Post by: Obito on April 21, 2023, 05:20:27 AM
That's your problem, not ours, as most of us use bitcoin as an investment rather than a means of payment. Look at its positive side instead of digging through its limitations because there is no such thing as perfect in this world. If volatile bitcoin is not suitable as a means of payment then don't use it for that purpose, while fiat is doing a great job at it.
Frankly, I haven't seen someone use bitcoin as a means of payment besides Laszlo, that might even be the reason why people don't use bitcoin like a hard currency, they are thinking too much about the what ifs which is reasonable given how volatile bitcoin is and the prices can change anytime.


Title: Re: Bitcoin's Volatility Problem
Post by: Kakmakr on April 21, 2023, 05:27:29 AM
The volatility is not a problem for people who knows what the benefits are.... and also how to use that to their benefit. A lot of people do not care about pseudo anonymity and centralization, so they use payment processors to bypass the influence of Bitcoin's volatility. (All Bitcoin transactions are immediately converted to Fiat currencies)

We have to accept that governments will protect Fiat currencies and Banks, because they benefit from that. (Banks help them to monitor transactions and they have control over the supply of fiat currencies)  ::)


Title: Re: Bitcoin's Volatility Problem
Post by: bayu7adi on April 21, 2023, 05:31:57 AM
The concept of bitcoin's volatile nature makes it impossible for those who think similarly not to invest in it. Perhaps you are unaware that the price fluctuation makes it a risky investment to make. You only stated the disadvantage when the price lowers, but what if the price rises? Would you still not take the profit or would you prefer to collect the money as it was before the price rise? If you do not want any of this, you can easily convert your bitcoin to a stable coin when you receive it as payment.
The real issue at hand is why sellers fuss over the BTC price after receiving payment and it matches the agreed amount. If a seller is not prepared for Bitcoin's volatile nature, then they are merely taking advantage of blockchain technology. This means the seller is not fully equipped to accept payments using Bitcoin, with all the characteristics it possesses.

When a product is priced in x BTC, the buyer only needs to pay the equivalent amount in x BTC. The buying and selling transaction should proceed smoothly without any hiccups. Ideally, there should be no thought given to the exchange rate between BTC and FIAT during the transaction. This is because the price tag of the item is already in BTC, which is also a digital currency.







Title: Re: Bitcoin's Volatility Problem
Post by: davis196 on April 21, 2023, 05:45:23 AM
Quote
the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

This topic has been discussed a million times. You don't add anything new to the discussion. Just read the old forum thread about this topic, rather than creating new threads.
It's obvious that Bitcoin isn't the most convenient currency for payments. Bitcoin is more like a financial asset, rather than a currency.
If you are too afraid of Bitcoin's price volatility, just don't use Bitcoin. Trying to change Bitcoin protocol, in order to make the price more stable would be step in the wrong direction. The price volatility of Bitcoin has nothing to do with "regulation, money laundering prevention and consumer protection". If there is such connection, can you prove that it exists? ;D


Title: Re: Bitcoin's Volatility Problem
Post by: Strongkored on April 21, 2023, 05:48:33 AM
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

Most businesses that accept Bitcoin as payment will use a payment gateway that will instantly convert it into another currency so they include Bitcoin in the payment options just to entice Bitcoin lovers to transact in their business and the Bitcoin received will not be stored long term. Meanwhile, companies that invest in Bitcoin actually expect Bitcoin volatility to continue because these institutions will have the opportunity to make big profits and or buy again when the price has dropped again.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
That challenge is preferred by Bitcoin investors, the greater the challenge, the greater the profit that will be obtained


Title: Re: Bitcoin's Volatility Problem
Post by: Ozero on April 21, 2023, 03:01:18 PM
The high price volatility of cryptocurrency distinguishes this market from other markets. This is the advantage and at the same time the disadvantage of bitcoin and other other crypto-currencies. People have a good chance to capitalize on price fluctuations, but it is very risky for businesses to use cryptocurrency as a means of payment. It is a good alternative to other markets. We have many financial opportunities that practically no one controls. But it is unlikely that it will be possible to reduce the price volatility of the cryptocurrency even with time. Maybe it's for the best.


Title: Re: Bitcoin's Volatility Problem
Post by: Merit.s on April 21, 2023, 03:28:30 PM
Investment comes with profit and loss,bitcoin investors will not regret if they invest in long term. If you understand the risk in bitcoin investment and know how to tackle it,I don't see it as any challenge. The volatile nature of bitcoin makes it different  from other investment because it follows the concept of demand and supply. As for accepting bitcoin in small businesses, it boils down to the kind of business. If it is the type that needs everyday buying of items or commodity,it will be monotonous. On the other hand,if it is a business that needs once in a week supply bitcoin is good for such. Moreover,bitcoin should be as an alternative means of payment. Whereby, you feel that you want to save your profit in bitcoin. After payment, you leave your profit in bitcoin and convert the rest to fiat.


Title: Re: Bitcoin's Volatility Problem
Post by: Oasisman on April 21, 2023, 03:37:11 PM
The volatility is not a problem for people who knows what the benefits are....

Bitcoin's volatility is not even a problem, not even once it became a problem. Instead, it is the bread and butter of all the crypto enthusiast.
Those who think Bitcoin's high volatility is some sort of a problem, are those who want to get rich overnight and wants quick and easy profit.
These same people are the ones who most likely have lost their money and wants to ride the hype.


Title: Re: Bitcoin's Volatility Problem
Post by: Awaklara on April 21, 2023, 03:51:13 PM
Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
I prefer to call it an opportunity. nowadays when Bitcoin is more popular, many of those who come to buy Bitcoin also have it because of its Volatility. that's why Bitcoin trading is also a big concern right now, not just gold and stock trading.
whether or not the use of Bitcoin is appropriate, currently depends on the government that regulates and supervises Bitcoin. some allow for the use of Bitcoin as a means of payment. there are also those that only make regulations regarding asset ownership and trading of Bitcoin assets.


Title: Re: Bitcoin's Volatility Problem
Post by: kelonmusk on April 22, 2023, 02:03:07 PM
The value of Bitcoin does have its ups and downs, which can definitely create challenges for those who use it for transactions or as an investment.

I think businesses and individuals need to be cautious and aware of the risks involved when dealing with such a volatile currency. Meanwhile, the decentralized nature of Bitcoin can also make it difficult for governments and regulatory agencies to control its use, leading to challenges in areas like tax collection and money laundering prevention.



Title: Re: Bitcoin's Volatility Problem
Post by: Ale88 on April 23, 2023, 03:34:14 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Bitcoin is still a relatively new thing, so it's not surprising at all that there is high volatility. We are still in the early stages, don't forget bitcoin is just 13 years old more or less, of course it's going to take time before it becomes more stable. I see this as an opportunity anyway because more and more people can see what bitcoin is actually able to do and the kind of value it carries. If bitcoin would have been stable at, let's say, $50/BTC no one probably would have cared about buying it.


Title: Re: Bitcoin's Volatility Problem
Post by: BVeyron on June 13, 2023, 05:58:12 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.


The price of BTC in cryptotrade is different than at exchange hubs, the same happens with fiat: the prices of fiat currencies fluctuate in trading, but at exchange points they remain relatively stable... At least they dont change every second.


Title: Re: Bitcoin's Volatility Problem
Post by: tjtonmoy on June 13, 2023, 09:01:13 PM
What's your backup plan? If someone is already using it in their business or a way of payment, they need to know very well how the market works and how much volatile the market is. You can not just come and implement Bitcoin in your business without knowing all this. If someone is using it already, they are well aware of what kind of risks it holds, and they obviously have a backup up plan for that.
Bitcoin is still not accepted worldwide as a legal currency. So we can't expect to use it as a stable method of payment. What's the thing we still use for all kind of transactions? What is acceptable in any situation without any issue? Yes, it's fiat money. Bitcoin is a replacement for this, but as Bitcoin is still not acceptable is all kind of situation, we need to use fiat in some situations. So using both can make a perfect environment for business use. If you are in loss with bitcoin (price drop), you fiat until it's back to your desire amount, or you are making profits. Also, if you wish to hold to get profits from it, you can also convert it to fiat when you have reached your target profit.
Until Bitcoin becomes the one and only global currency, we need to tackle situations like this with the help of both fiat and Bitcoin.


Title: Re: Bitcoin's Volatility Problem
Post by: loopes on June 13, 2023, 09:23:19 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
off course, but the business who use bitcoin as payment methode have prepared this case. They can exchange directly the bitcoin they have received to their fiat or any stable coin. I am sure they already have plan to handle it. 

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
Some of businesses who accept bitcoin as payment have automatic system to exchage it then save the whole ammount of transactions that is just made



Title: Re: Bitcoin's Volatility Problem
Post by: Slow death on June 13, 2023, 09:43:15 PM
when I read for these kinds of things OP posts I'm left wondering what the hell do people really want. when the price was stagnant at 15000$ for a long time I kept reading comments from people complaining that bitcoin was dead because it had no volatility, I remember that at the time I even commented that that situation was good for people who wanted to use bitcoin as payment method, but from what I could see my comment was making those people change their minds, some time later the price of bitcoin started to rise, so people's optimism was already visible

this is because they were already starting to create a thread with predictions of $80,000 or $100k for this year, everything is going well until the price, after reaching $30,000, dropped a little and I saw peximistic comments again, it seems that the price is only it should always go up and it should never go down, which is something impossible to happen, but unfortunately people don't realize that, now I see people complaining about volatility again, only this time they want less volatility, because they think that with this bitcoin will be used for payments, but they forget that it already has fiat that its purpose is precisely to be used for payments, with the appearance of kyc it no longer makes sense to take bitcoin for payments


Title: Re: Bitcoin's Volatility Problem
Post by: jeraldskie11 on June 13, 2023, 10:14:59 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
Yes, volatility is one of the reasons why some business owners find it difficult to accept Bitcoin as payment. I am impressed by the business owners who accept Bitcoin since they are not concerned about the price falling. They understand that volatility offers advantages, particularly in Bitcoin, where the value has a significant potential for increase. That is why volatility is not really a concern in terms of payments; the only issue I see is the fee and scalability, both of which are significantly fixed by the Lightning Network.


Title: Re: Bitcoin's Volatility Problem
Post by: ImThour on June 13, 2023, 10:22:13 PM
How come Bitcoin's Volatility is a problem? I don't get it. It is acting just like a real-world asset and when millions of people try to buy or sell the asset, it can go up and down multiple times in a day.
That volatility isn't a problem, it's great as this gets you more returns on your trades as the chances of big moves are more than normal stocks.


Title: Re: Bitcoin's Volatility Problem
Post by: JoyMarsha on June 13, 2023, 10:40:53 PM
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
Those business owners and those individuals that want to be paid or utilize bitcoin as a means of payment would have known the cons and pros of bitcoin before accepting it as a means of payment.

Bitcoin can be used as another means of payment and that doesn't mean you must or should adopt it into your business as a payment method. It is very optional.  Choosing it as a payment method means that the person is ready to accept its volatile price


Title: Re: Bitcoin's Volatility Problem
Post by: Smartvirus on June 13, 2023, 10:56:06 PM

You didn't say anything that was so invalid but, you somehow strayed from the topic. Like you talking about decentralisation, the government and tax. I feel those weren't suppose to come in or doesn't apply here while talking about volatility.

Of course volatility has been one of the major reasons why bitcoin haven't been able to serve as a currency but, its rather one of the reason why its serving as an asset. Definitely one of the reasons why its loved by many and a lot of us have resulted to hodling rather than spending it like an everyday currency.
There is a question of opportunity to spend but still, many won't as, you tend to lose on your spendings should you have resulted to hodling.


Title: Re: Bitcoin's Volatility Problem
Post by: Wend on June 13, 2023, 11:16:39 PM
On the contrary, I see bitcoin's volatility as its biggest advantage and I think most people invest in bitcoin because of this advantage. If bitcoin weren't volatile and didn't generate huge returns, not too many people wouldn't have noticed it. Yes, volatility is one of the obstacles to bitcoin becoming a currency but it is profitable for investment and most people are here to invest in bitcoin, very few people want stable bitcoin to be the currency.


Title: Re: Bitcoin's Volatility Problem
Post by: Asuspawer09 on June 13, 2023, 11:34:49 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

I agree with that, I've said many times in my topics about Small businesses in Bitcoin that being a business owner who accepts Bitcoin will have a high risk because of the market volatility, that just means that you're just investing your business money in Bitcoin when is a high risk, every time your customer pays you Bitcoin means your investing on Bitcoin, or you could say that your force to buy Bitcoin at that time. You can't really just accept Bitcoin and then sell it anyway for cash flow on your business because it has a volatile market price, by the time you're going to sell it the market price could be higher or lower, In a business you need cash flow to continue your business and bitcoin payments will be taken out on that cash flow. So if they really want to accept bitcoin they need a lot of cash to cover that for the business to continue.

In my opinion Bitcoin at this point is a great investment but not something that is suitable for payments on your business just because of the volatile market price, maybe in the future things can go differently.


Title: Re: Bitcoin's Volatility Problem
Post by: BenCodie on June 14, 2023, 10:17:43 AM
I have two responses to this post.

First, people will complain about volatility while it's here, then people will complain about volatility when it's gone. The fact is that while Bitcoin upholds its fight against Fiat currency, it will be volatile. Then when fiat is so unstable and things begin to be priced in Bitcoin (because that is what will be more stable), people will "reminisce" on the times when Bitcoin was volatile and full of opportunity.

This brings me to my second point. Eventually Bitcoin will be more stable than fiat. Fiat will be so unstable that goods and service providers will prefer to price in Bitcoin, if it prevails in its goal to become the dominant global currency (in my opinion it will). At that point you can feel calm with less volatility. Until then, enjoy the volatility.


Title: Re: Bitcoin's Volatility Problem
Post by: Solosanz on June 14, 2023, 10:48:31 AM
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
So Bitcoin price is always decrease regardless how long you hold it based on your example? you should open coinmarketcap or coingecko and check the Bitcoin price history. Honestly Bitcoin price isn't decreasing, it's because you always consider any price in fiat equivalent. If you consider goods price in Bitcoin equivalent, you will understand if fiat value slowly decrease.

The government can just force every citizens to use their centralized exchanges and KYC their accounts, that's make the government can collect tax and prevent money laundering.

Centralized exchange is bad to protect your coins.


Title: Re: Bitcoin's Volatility Problem
Post by: mnporter2001 on June 14, 2023, 01:48:53 PM
Well, halelujah for the blazing insight, Sherlock ::) ::)! Who could've guessed Bitcoin's value fluctuates? Mind = shattered.

But for reals, despite Bitcoin's rollercoaster nature and decentralized state, it's chock-full of perks for payments and investments. Granted, it's not a rock-steady currency, but hey, who wouldn't trade monotony for heart-hammering portfolio peeks?

Regarding the government and regulators' inability to snoop and control Bitcoin, isn't that just the cherry on top? After all, who craves an Orwellian overlord dictating our crypto moves?

So let's all dive headfirst into Bitcoin's chaotic charm and bask in the capricious crypto trading escapades. Because, honestly, who needs snoze-worthy stability when you can have a blast?
Bro, its still super risk. While the allure of Bitcoin's volatility and the excitement of crypto trading may be tempting, it is important to consider the potential risks and drawbacks involved. Bitcoin's chaotic nature can lead to significant financial losses for inexperienced investors who are not well-versed in market analysis and risk management.


Title: Re: Bitcoin's Volatility Problem
Post by: Mate2237 on June 14, 2023, 03:47:44 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
It can only have issues with the payment method but for the investment there will be no problem unless the investor is doing it for short term and short term investment is not good but if the investor is investing for a long term investment then the fluctuations will not affect him because he is investing for the bull market to come.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
Then the person should not use bitcoin for his payment method and accept only Fiat for his payment method. Nobody is doing business to lose but to make Profit. Therefore if goods the purchase are more higher than the amount of BTC at the time then he should use another payment options.



Title: Re: Bitcoin's Volatility Problem
Post by: Hamza2424 on June 14, 2023, 07:16:05 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

Haha, the Volatility of Bitcoin is not really a big problem huh, let me explain in traditional nature, Don't convert Bitcoin into the USD, and don't make product values USD specific or in any other currency. If you are really loyal to BTC then ignore everything from the outer world, and fix the price of each product in Stoshis it will directly fix your volatility issue. So this is a lame excuse if you want to be in the traditional traped economic system and want to use BTc as well then bro take it as a Bonus (Volatility gives you the freedom to Buy and lower and Sell at higher means profit  8) 8) 8))

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Haha, why are you here if you don't want the power in your own hands, centralization is a trap but good if decentralization is also the specific hands like our democracy. If decentralization and Transparency come in a combo then nothing is better than it. Because a system can't be truly democratic if you don't have transparency. POW and Bitcoins POW especially is not a type of decentralization only by name.

Money Laundering has nothing to do with BTC because Blockchain provides glass transparency means if regulation is done by proper checks and balances then it is impossible to get involved in Money Laundering even after Mixing Bitcoins it is still possible to track.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

Regulation is not much far away we just need to be patient for a few more years, they will be forced by nature to accept Bitcoin as their mode of Payment. If and only if things go with peace.


Title: Re: Bitcoin's Volatility Problem
Post by: hannahB4 on June 14, 2023, 08:10:02 PM
Any positive thing has its side effect and that is those you have raised. The exchange rate differs from one country to another depending on your country so, you want to purchase a good from let's say china and you already converted the money in your currency using the exchange rate will you say because of the increase or decrease you won't get want you want, likewise bitcoin which is even more profit-oriented in the long run.


Title: Re: Bitcoin's Volatility Problem
Post by: kaseygriffin on June 14, 2023, 08:13:05 PM
Some business owners and individuals see the potential advantages of accepting Bitcoin despite its volatility. So they may see volatility as an opportunity rather than a concern, especially considering Bitcoin's bullish history. I find this very interesting because if they choose to accept Bitcoin as payment, they actually believe in its long-term value increase and see it as an investment opportunity. So despite the issues of fees, scalability, and infrastructure development, I think the Lightning Network will do well to improve Bitcoin's solvency and wider use.


Title: Re: Bitcoin's Volatility Problem
Post by: AmoreJaz on June 14, 2023, 08:24:20 PM
Some business owners and individuals see the potential advantages of accepting Bitcoin despite its volatility. So they may see volatility as an opportunity rather than a concern, especially considering Bitcoin's bullish history. I find this very interesting because if they choose to accept Bitcoin as payment, they actually believe in its long-term value increase and see it as an investment opportunity. So despite the issues of fees, scalability, and infrastructure development, I think the Lightning Network will do well to improve Bitcoin's solvency and wider use.

every person has their own take when it comes to volatility. for a lot of BTC holders, volatility is their best friend as they can get profits from playing this feature, if they know how to handle this. volatility is also the reason why a lot want to get into this market because if they know how to play their cards right, they can easily get their profits.
so if you finally accept BTC in your shop, it means, you know what you're getting into, and you can always take advantage of its volatility, and not look at this negatively.


Title: Re: Bitcoin's Volatility Problem
Post by: goldkingcoiner on June 14, 2023, 09:30:16 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

Everything in value fluctuates. You think that paper dollar bill in your hand is always the same value, just because $1 is printed on it? No. Stocks fluctuate, anything you can invest your fluctuating money into also fluctuates. Do not be fooled.

With fiat, this fluctuations are kept hidden from your eyes until you go to the store and find out that all of a sudden, eggs cost twice as much as the day before.

Bitcoin is transparent and decentralized. No hidden fluctuations, No manipulations.

Bitcoin is the better money.


Title: Re: Bitcoin's Volatility Problem
Post by: Fatunad on June 14, 2023, 09:53:39 PM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

Everything in value fluctuates. You think that paper dollar bill in your hand is always the same value, just because $1 is printed on it? No. Stocks fluctuate, anything you can invest your fluctuating money into also fluctuates. Do not be fooled.

With fiat, this fluctuations are kept hidden from your eyes until you go to the store and find out that all of a sudden, eggs cost twice as much as the day before.

Bitcoin is transparent and decentralized. No hidden fluctuations, No manipulations.

Bitcoin is the better money.
Fiat might look that stable but we know that if we do make out some in depth check on which its price do really still move although on very very minimal scale or on cents on which we cant really feel that or really be able to notice. This is why we cant really say that it is really that stable. When it comes on Bitcoins volatility then if someone do sees this as a problem then Bitcoin or crypto investment isnt really for them.
Knowing that volatility scale or status here on this space is really that huge on which there are people who cant really be able to bare up with those kind of risks on which this isnt a place that suits them in.
If this is a problem for some then this is actually an advantage for those people who do trade on which they do able to utilize its movements for them to make money.It is actually that possible and this is what
is trading is all about.If you do really know on how to play with these movements then you could really take advantage into it which is something that you should really must do when dealing
up with this space.


Title: Re: Bitcoin's Volatility Problem
Post by: tygeade on June 19, 2023, 08:40:25 AM
Well, halelujah for the blazing insight, Sherlock ::) ::)! Who could've guessed Bitcoin's value fluctuates? Mind = shattered.

But for reals, despite Bitcoin's rollercoaster nature and decentralized state, it's chock-full of perks for payments and investments. Granted, it's not a rock-steady currency, but hey, who wouldn't trade monotony for heart-hammering portfolio peeks?

Regarding the government and regulators' inability to snoop and control Bitcoin, isn't that just the cherry on top? After all, who craves an Orwellian overlord dictating our crypto moves?

So let's all dive headfirst into Bitcoin's chaotic charm and bask in the capricious crypto trading escapades. Because, honestly, who needs snoze-worthy stability when you can have a blast?
Bro, its still super risk. While the allure of Bitcoin's volatility and the excitement of crypto trading may be tempting, it is important to consider the potential risks and drawbacks involved. Bitcoin's chaotic nature can lead to significant financial losses for inexperienced investors who are not well-versed in market analysis and risk management.
I think the risk is with the person and not the idea. Sure trading bitcoin is a great way to make a profit, it goes up and down all the time which means that by trading it you could make a lot of money. This idea itself is not wrong and holds truth for the past 15 years, anyone who had a good trading experience so far will tell you the same. However, the risk is with the person, if YOU are bad at trading then it could have amazing chances to profit and you will miss it, there is no logic behind it.

I personally do not trade all that much, just a small amount and I believe that I am doing the right thing even though I know trading a bit better than all the newbies, I prefer holding long term because the risk there is a lot lower and you do not have to learn anything.


Title: Re: Bitcoin's Volatility Problem
Post by: Lida93 on June 19, 2023, 10:35:53 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
Story flash - hope you know that crude oil price also drop drastically in value too? Do your research and get it into your head on how those countries that heavily depends on crude oil as source of national income how their economy is negatively affected around those periods of devaluation. For Bitcoin each time it flunctiate downwards it rather an opportunity to keep DCAing knowing fully well that the price is going to rise, it's just a matter of time and that's why patience is a key component needed from anyone who invests in bitcoin.
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For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency.
The volatility in bitcoin is clearly expressed through demand and supply, and so when you talk about the value plummeting today also, remember at different times when the value also increased significantly in price based on same volatility you're tagging problematic.  Or would you still refer to it as problematic should at the time of receiving the BTC payment the price skyrocketed leading to an increase in the value of payment? Let's not only focus on the south side of it but on both ends and try to navigate on how we can make the best use of the positive end of it against the so-called negative aspect.

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the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Despite the regulatory policies of gold by the government there's still booming good black market out there that's doing well than that of the so-called regulated market.  Too much regulations have cost more harm than good in the financial life's of ordinary people over the years and it's time people take charge of their finances in a currency  void of regulations and central control.


Title: Re: Bitcoin's Volatility Problem
Post by: Blitzboy on June 20, 2023, 04:16:20 AM
Bitcoin's volatility can present hurdles for users and investors. However, it's essential to recognize that such volatility also propels opportunities for significant returns. This volatility has catapulted early investors into unprecedented wealth.

Regulatory challenges, in my view, signify evolution more than a disadvantage. Decentralization, the heart of Bitcoin's value, provides an innovative transaction mode sans central authority. It potentially grants more liberty and flexibility, albeit necessitating increased user responsibility.

Moreover, regulation isn't always a safety synonym. We've witnessed numerous regulated markets tumble into scandals and crashes. Bitcoin's self-regulation via network consensus offers a distinct, grassroots mechanism for maintaining order and value.


Title: Re: Bitcoin's Volatility Problem
Post by: YUriy1991 on June 20, 2023, 05:47:38 AM
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.

For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.

But on the other hand we can attribute this to the Growing Stability and Maturation of the Market where as the market matures, volatility can decrease gradually meaning more users, including institutional investors, enter the Bitcoin market, increased liquidity and stability can help mitigate extreme price swings.

the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.

It is true that the decentralized nature of Bitcoin can pose challenges to governments and regulatory agencies when it comes to monitoring and controlling its use. However, I think there are different viewpoints that explain various aspects of this issue.

I think it's not a big challenge if the government is willing and concerned. What is needed is only Regulatory Adaptation and Technological Solutions meaning governments are focused solely on developing regulatory frameworks that adapt to the unique characteristics of cryptocurrencies so that they can advocate for the advancement of these technological solutions such as blockchain analytics, which can increase transparency and help address issues related to tax collection, money laundering, and consumer protection.

Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.

Indeed, the lack of regulation can create significant challenges for businesses, governments, and all of us around the world but from your first sentence, I think there is also an important point to know that BTC also has the potential to offer a lot of benefits.

Yes, indirectly BTC volatility can also generate investment profits where price fluctuations can also create opportunities for traders and investors to profit from short-term price movements. Note that if individuals are willing to tolerate the risks associated with volatility, they can potentially earn profits. of the huge return on Bitcoin investment.


Title: Re: Bitcoin's Volatility Problem
Post by: crypticj on June 20, 2023, 06:06:09 AM
That's why I belive that Bitcoin won't actually be used as a currency. I don't see the reason for the majority of people to use it over USD considering how valuable it is.
And for businesses, it's not only risky but also government pressures them to not accept bitcoin by not adopting the usage of bitcoin.

So every year and have more and more doubts about mass adoption. Bitcoin will surely go up when people will start buying, but I don't see companies start accepting it all over the place.


Title: Re: Bitcoin's Volatility Problem
Post by: Kaliandra on September 12, 2023, 05:00:02 AM
Bitcoin, which has high volatility, can of course be a reason for people not to use BTC as a means of payment, which is why there is a government in a country that prohibits people from using BTC as a means of payment.
I think maybe one of the reasons is because the price of BTC is fluctuating.

but what I know now is that many people take advantage of BTC's volatility and fluctuations just to make a profit, namely by investing in BTC.


Title: Re: Bitcoin's Volatility Problem
Post by: HONDACD125 on September 12, 2023, 05:37:52 AM
Bitcoin, which has high volatility, can of course be a reason for people not to use BTC as a means of payment, which is why there is a government in a country that prohibits people from using BTC as a means of payment.
I think maybe one of the reasons is because the price of BTC is fluctuating.

but what I know now is that many people take advantage of BTC's volatility and fluctuations just to make a profit, namely by investing in BTC.

Undoubtedly Bitcoin is one of the best crypto currency where many people are getting profit from investment. Bitcoin fluctuates frequently. And the price does not remain fixed at one place but often fluctuates. It is because of this volatility that people make profits. From the point of view of using Bitcoin as a payment, since it is not stable and the price fluctuates frequently, it would be difficult to use it as a currency.


You are right that this is why some governments ban its use as payment. Because the price may be high before payment and the price may be thrown away immediately after payment, which may cause loss to the buyer. We all know that due to the volatility of Bitcoin, most of the traders make profit and invest for a long period of time because often the price of Bitcoin increases a lot after some time. However, it is clear that there is no difficulty in using Bitcoin as payment, but its volatility can cause problems.