With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins?

What are your thoughts??? What should we do??

As it stands today at this moment, the Bitcoin volatility index reads:
4.57% the latest 30-day volatility estimate
3.54% the latest 60-day volatility estimate

The bitcoin volatility index for present day can be seen at: https://btcvol.info/

My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0

@Hydrogen, yes, coin caps play a role. Litecoin, Dash, and also (someone correct me if Im wrong) Ehtereum actually has no set coin-cap (at some point in time in the future, it would lead me to believe that itll behave more like the Euro, US dollar, etc having monetary inflation and with time will biy less goods & services). Please let me know if this helps or not.

Hydrogen! Welcome, and thank you for your participation here.
Here goes:
-ding ding ding! YES! You found one of the special ways to destroy bitcoin, uncap coin-limit; you do this once, then current holders and would-of-been buyers would ask themselves what if there is another more substantial limit increase again in future, and they will all dump in time (not necessarily instantaneously). Bitcoin will be lost in the sea of altcoins and no longer be so unique and different.

Other points:
-Bitcoin has been globalized for years, and this 'globalization' is increasing (during this time BTC coin-limit cap didn't change)
-Bitcoin is divisible to very very small minute fractions. If one Bitcoin were $1 million, me and you can still trade goods in exchange for $10-worth (tiny fraction) of that "expensive" bitcoin 
-A currency: have we all been misled to believe that the money we hold and save is meant to buy less in the future? That is if we have money, we must buy stuff now because that stuff will be more expensive in the future?
-Bitcoin is a currency, it is a 'deflationary currency', limitied in supply so bitcoin goes up in value if there's monetary (fiat) inflation
-Can a sound, store-of-value, unmanipulated deflationary currency go down in value? Yes if the central banks dry up and contract the money supply (this is what they do, they create booms and busts, bubbles and pops), then money would be very scarce where prices would crash for stocks, real estate, commodities, and also deflationary currency (maybe) these things would go down in value and you will see the fiat, like the US Dollar be worth more instead of less. These events don't happen often. It is possible for these to be quick, or be very long, maybe surpass a decade.

HabBear, thank you for posting but how in the world does what you write tie to the narrative I posted for this thread? Did you skip alot of the reading?

Maybe you can clear up your own question from what I wrote above? Please let me know if there's a point you want elaboration on.

ANYTHING fiat (central banks) and governments will do...will open up the market share for Bitcoin! There is no action that will stop the further explosion of Bitcoin.

Bitcoin has emerged.

Iranus, this is no strange fallacy, this is reality. Confirmed by many individuals from around the world on a permission-less system with way more than $15 Billion USD-worth backing this reality - that Bitcoin's primary use has emerged to be store of value/investment. I detail out the dynamics of this in the post: "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.msg18256120#msg18256120

Iranus, you can release a version of the entire bitcoin code and modify it where you think Bitcoin is broken - this is called an "altcoin" or why don't you just go to Ethereum which is an amazing appcoin, very smart contract technology and is a permissioned system with LOTS of development - why don't you do this? Why keep coming back to talking about Bitcoin? 

Because Bitcion is UNMATCHED, is permission-less, immutable, established, decentralized, and backing this decentralization is a limited-size 1mb block. This makes it beautiful. (if it were a 10mb block there would be NOTHING beautiful about it)

BitcoinBarrel well said! It's worth repeating your line "Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin."
-do i have your permission to use this quote freely? I like it.

Also worth noting, in the past, or today, or in the future there always has been or will be the FUD spreaders saying things like "bitcoin is FLAWED or it needs to be fixed and something needs to be done now!"

hacks.
No, no, no. Bitcoin has worked (in the past, in the present as you read this, and in the future) more beautifully than any of the most optimistic expectations of it from years ago. Worldwide, the ledger has remained intact.

Those in the FUD camp realize the lack of holding-value strength if they were to go into altcoins (alternative cryptocurrencies)...as there's simply no better store of value/investment than Bitcoin. Thus they come knocking on Bitcoin's door, for whatever reason to undermine it, trying to slightly change it into something it isn't.

Sure, I can see where you are going with this point. But I think this will always be the case in uptrends. How about in the future when financial assets collapse (ie stocks, bonds, real estate, commodities) and bitcoin's price is pressured lower as well, how do you think altcoins will perform?

Do you think BTC dominance over altcoins will further diminish during such a downtrend.....or will it all of a sudden reverse and BTC dominance goes up?

Kinda like Las Vegas (or other international) real estate before 2007.

If you feel any worry from news or prospect of forking or want to understand some dynamics, I've tried to hit these major points with the context of what bitcoin is in this post titled "Hacks & puppets & forks - how to destroy bitcoin" here: https://bitcointalk.org/index.php?topic=1834310.msg18256120#msg18256120

@ProfessionalGoogler - i see you've posted the same thing again (the other in the Economics\Speculation)

It appears you may want to change Bitcoin slightly into something that it isn't?

I wonder what your opinions would be on a post I put up not too long ago titled: Hacks & puppets & forks - how to destroy bitcoin: https://bitcointalk.org/index.php?topic=1834310.msg18256120#msg18256120

You've received a bit of a speculative reaction so far.

Fear mongerers have been aplenty in the past, are here today, and will come in the future and they will and have said 'Bitcoin is flawed, it is bugged, and action needs to be taken' - wrong, wrong, wrong. Bitcoin has worked beautifully as the world's premier store of value/investment and again its integrity has remained intact.

Interesting, no?

+1. Thank you @Lauda. OP, you can checkback in 5 years and see how things turned out. 

Bitcoin's integrity has remained intact - fear mongerers have been aplenty in the past, are here today, and will come in the future and they will and have said 'Bitcoin is flawed, it is bugged, and action needs to be taken to change it relatively soon!' - wrong, wrong, wrong. Bitcoin has worked beautifully as the world's premier store of value/investment and again its integrity has remained intact.

+1. This. Thank you @Hydrogen. There will be many campaigns of paid hacks who'd try to develop fear and saying we 'must change Bitcoin because it is broken/flawed' - Bitcoin is working beautifully beyond most our dreams and has become the ultimate source for store of value/investment for all of us to have financial freedom because it is decentralized, permissionless, and has a 1mb blocksize limit (which fights consolidation/centralization) so when mining operations get shut down, me or you can get our computers running to continue mining.

Keep up the integrity of the Bitcoin network for the years to come.

scaling onchain will lead to more central control and march towards the death of bitcion.

there are plenty of scaling solutions that do not require a single change to Bitcoin.

Bitcoin is strong due to its decentralization, its permission-less so no central authority, immutable, limited in supply, incredibly established, and its limited to 1mb blocksize. The 1mb limitation strengthens the decentralized aspect of the coin, as if someone were to attack all the miners, me and you can pull out our computer and be the new miners. our standard internet connections would not work to mine very well with throughput required if blocksize increased and with the size of the blockchain.

Bitcoin has done an amazing job of being a great store of value/investment vehicle. I highly recommend you accumulate more as long as Bitcoin's integrity remains intact.

Back to what I asked you re: Satoshi? You brought up Satoshi. Are you dodging?

Plenty of scaling solutions available that do not require changing bitcoin. Again, I highly recommend you turn to and buy Bitcoin and hold more bitcoin for when you are ready to desire stability for your buying power, or are sick of games being played with your money. It's kind of like what Gold was like for millenia, or kind of like what US Treasury Bonds were like the last 40 years.

+1. This. As the threat of probability of any of these gimmicky undermining ideas goes down, the bitcoin price will go higher. If these gimmicky ideas gain more traction to undermining what bitcoin is, which is a store of value, then the bitcoin price would fall.

Bitcoin is strong because its permission-less, decentralized, immutable, developed, and its 1mb blocksize FIGHTS consolidated power or centralization.

Hmmm....where in any of Satoshi's writings was there ever any preference to scaling as opposed to store of value?
Scaling with everything else involves counterparties and there's a reason why its evolved that way, so use something like an app-coin or Litecoin or see Ethereum instead. Or Visa or Mastercard network or the crypto-equivelent.

But when you want to put your money into something where you feel safer in knowing that it will allow you to better afford higher housing costs, or higher cost of living, than come back to Bitcoin.

@ProfessionalGoogler

It appears you may want to change Bitcoin slightly into something that it isn't?

I wonder what your opinions would be on a post I put up not too long ago titled: Hacks & puppets & forks - how to destroy bitcoin: https://bitcointalk.org/index.php?topic=1834310.msg18256120#msg18256120

You've received a bit of a speculative reaction so far.

Interesting, no?

Forget altcoins.

For long-term store of value, there is only Bitcoin.

Agree on its never too late to invest in bitcoin...as long as bitcoin's integrity remains intact and successful fights against the threats of slightly changing bitcoin into something other than what it is (which bitcoin has been a store of value/investment vehicle) then this is something that will be infinity bound in price due to how fiat money works.

However, if bitcoin is undermined and starts shifting its use to something other than store of value/investment, than you will see the death of bitcoin ever having elevated price.

Thank you OP. @Bitcoin_Mafia_Me @1Referee Yes, I'd suggest those needing refreshment on purpose of bitcoin to read up here: Hacks & puppets & forks - how to destroy bitcoin: https://bitcointalk.org/index.php?topic=1834310.msg18256120#msg18256120 

...but I cannot recall a time when so many bitcoiners were using bitcoin for just purchasing gas, coffee, using as small ATMs - so I'd humbly challenge that notion.


Thank you.