Bitcoin's price is so volatile right now! Why should I even hold?

[deisik]

Volatility of BTC has nothing to do with holding it. If you buy/hold Bitcoins for long term, then it is mandatory to ignore the fear of price increase and decrease. And Bitcoin generally has potential, so just hold it and ignore the up and down when you think of your holdings. And sell it when you reach your target price.

The price of Bitcoin will be volatile forever, so if we want to invest for the long term
is really a good way to make bitcoin. I think holding some Bitcoin for future is surely be profitable.

Price of bitccoin won't volitile forever once its holders get widespread. Holding and buying more when volitality occur, is the effective way in taking the advantage of volitality

What do you mean by spreading Bitcoin holders?

I guess the geographical location of these holders is utterly irrelevant and inconsequential to Bitcoin volatility since you can trade as easily from New York as from Antarctica provided you have more or less decent Internet access (but it is nowhere near such extremities in real life). If you actually mean more even distribution of wealth among Bitcoin holders, that will likely bring down Bitcoin volatility but with prices rising we are expected to see even more volatility (more virtual whales get created with the price growth)

[poetra2501]

Volatility seem to be the reason people started using bitcoin anyway. From what I heard, some make a profit out of it. Sure the price changes are unpredictable but if you got it right you can make money.

Volatility matters to those that are looking to trade the price swings. If you're only interested in holding your coins for the long term, then you shouldn't care about the volatility at all. I was a pure holder more than a year ago, which at that time I absolutely didn't care about the volatility. Nowadays I do care about the volatility as there are some decent money making opportunities, and thus I have combined holding and trading to get best of both worlds.

That's right hold majority of them for future but try to invest few of them in trading which will give you regular profits in quick time and it will also grow the number of coins and holding is good only if you have huge volume of coins in your wallet.

Yeah, I'm doing like that my Bitcoin hold for future, But some of my Bitcoin I used to altcoin trading,
not trading bitcoin. Because the trading bitcoin is very slowly the price movements in the market,
in contrast to trading altcoin. Also the bitcoin Trading needed a large capital than trading altcoin.

Yes and to make profits from bitcoin trading you also need to wait for a long time and you also don't know whether price will go higher or lower in coming days but in altcoin you can make good profits even with a small capital and price pumps and dumps is very common in altcoin so you can make short term profits.

That's because, the price movement of altcoin is faster than the movement of the Bitcoin.
So the profit or loss will be quickly too we are get. I've always taken advantage
3-5%/day by trading altcoin, because I do not like to Hold long time coins which I trade.

[bitcoinisbest]

OP - Well you are very correct because the trend above 122$ to be stable is very difficult in charts to look for. And also if you observe a weeks time its being hovering around 1200 $ and mostly it has fallen once it has rise and today if you see form 1205$ it has fallen now to 1175 some time back. And now back to 1185$ approx. So best thing is to sell at this time and invest or buy more when price falls in coming time.

[hardtime]

This is one of the things that really hold Bitcoin from being held by the big major money investment groups, as they all want some sort of risk to make some absurd amount of returns but they don't want that much risk. And they're pretty much unable to say if Bitcoin is going to go up or down like the rest of the stock market with the amount of paperwork they put out regarding their company.

I hold some amount of Bitcoin but the only reason I do this is because I actually earned all of this money in Bitcoin so it's not something that is crazy dear to me like my savings account or any other investment account would be for me.

It's pretty simple and I doubt people on the forum would accept that it's tough to hold without questioning and I don't know how many people say it and do it with the insane amount of risk associated. As we know, Bitcoin could lose all its value in a day and it's happend before.

[el kaka22]

OP - Well you are very correct because the trend above 122$ to be stable is very difficult in charts to look for. And also if you observe a weeks time its being hovering around 1200 $ and mostly it has fallen once it has rise and today if you see form 1205$ it has fallen now to 1175 some time back. And now back to 1185$ approx. So best thing is to sell at this time and invest or buy more when price falls in coming time.

Right. It is volatile but that’s because when you invest you should be planning to do it for the long run. If you are trading you take advantage of the volatility and use that to make money. For investing, you hope that as time passes, even though there will be countless ups and downs on the whole the price will hopefully slowly rise causing you to be able make a profit off of your investment. So, wait 10 years and then decide.

[Nagadota]

To be honest, the volatility is the reason why a lot of people hold - it's annoying to spend it since you don't know what the value or transaction fees will be, but you believe that the price will go up in the long term.  That also keeps the price up because there's less Bitcoin being dumped into circulation, which in turn will make Bitcoin more stable after some time.

[iamTom123]

Volatility is already a big feature of Bitcoin and is in fact what attracted many to this cryptocurrency. Had it been an stagnant coin then it would be hard to attract the attention it is always getting so far. Volatility can mean that you may gain profit or experience some loss but we have to always remember that the value of Bitcoin is looking good in the future so it is wise to hold your Bitcoin and just wait for its value to rise further. Or you can use Bitcoin in trading and if you are good then you can earn big money but just be careful with trading as it is not for everybody.

[deisik]

Volatility is already a big feature of Bitcoin and is in fact what attracted many to this cryptocurrency. Had it been an stagnant coin then it would be hard to attract the attention it is always getting so far. Volatility can mean that you may gain profit or experience some loss but we have to always remember that the value of Bitcoin is looking good in the future so it is wise to hold your Bitcoin and just wait for its value to rise further. Or you can use Bitcoin in trading and if you are good then you can earn big money but just be careful with trading as it is not for everybody.

I don't think it is correct to say so in respect to Bitcoin

If you mean low price volatility by being stagnant, of course. Stagnant prices typically mean there is no active trading or circulation of the coin. It is a completely different story when we see a dynamic equilibrium where plenty of supply gets balanced by plenty of demand. I guess you can hardly call such a coin a stagnant one. Other than that, these equilibriums are usually short-lived and they don't last long, and the longer they last the stronger will be the next price movement (a major rule of trading basics)

[centralbanksequalsbombs]

I don't think it is correct to say so in respect to Bitcoin

If you mean low price volatility by being stagnant, of course. Stagnant prices typically mean there is no active trading or circulation of the coin. It is a completely different story when we see a dynamic equilibrium where plenty of supply gets balanced by plenty of demand. I guess you can hardly call such a coin a stagnant one. Other than that, these equilibriums are usually short-lived and they don't last long, and the longer they last the stronger will be the next price movement (a major rule of trading basics)

Very true, what happens to dynamic equilibrium over time when central banks globally are issuing more fiat credit/supply?

More Philippino pesos, more US dollars, more Japanese Yen, more Russian Rubles, more Turkish Liras, more EU Euros...

What does this mean for Bitcoin?

[Sled]

You should hold your bitcoins even the price is so volatile because the price movements is just for day traders and the holdings is for people who like to earn a lot of money in the future. Holding bitcoin is a good practice because the price of bitcoin is always moving up and soon it will be doubled as well as your capital if you hold.

[Pearls Before Swine]

Grab some Dramamine, down it with cheap vodka, and just fuckin' hold on for the ride.  Bitcoin equals volatility, so get used to it. 

Why should you hold?  Because we're still in the infancy stage of development.  Look what you could've made had you bought bitcoin a year or two years ago.  You could have quintupled your investment or more.  And we still have a ways to go.  That's all the reason you should need to hodl.  So shut up and just do it.

[Barbut]

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

[Creepings]

I think it's volatility that makes bitcoin bitcoin. And I guess that is the reason that it is really fun investing in such digital currency. Without these volatility, I think bitcoin is really boring, yes it is stable, but there is no fun in it.

[Slark]

I think it's volatility that makes bitcoin bitcoin. And I guess that is the reason that it is really fun investing in such digital currency. Without these volatility, I think bitcoin is really boring, yes it is stable, but there is no fun in it.

Volatility is not about fun, it is inevitable side effect of how bitcoin was designed.
You want fun, then you can gamble your coins, that would certainly kill even the most hardcore boredom.

When we take a look t bitcoin's price history we will notice that current period is the most stable time we had.
Bitcoin volatility index in the last 60 days is less than 4%. You call that volatility?

[X-ray]

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

As you can see the chart of the bitcoin is really stable right now. Bitcoin gives a lot of value from his advantages comparing with the gold. But for the stable investment gold still, hold the best choice.
For the investment with full of benefits, bitcoin is still the number one.
More development on bitcoin will make the price is increase anytime.

[ImHash]

Go buy USD 10M paper bills and see if you can get $10.2M after 10 days, go buy $10M in gold and see if you can get $10.5M in 2 weeks period.
Can you manufacture money printers then buy ink/ paper/ other ingredients easily and start printing money for yourself?
I don't know what the hell else you'd want more from bitcoin? just buy miners and start mining (printing) money legally and even come here to brag about it or if you'd rather to have privacy you could even use BitMixer to be invisible in the system totally.

Last year hashocean idiots/ scammers ran away when price hit $700+ they thought wow such money much opportunity let's hit the road fellows only if knew we hit $1200+ I bet they're regretting their actions.

You could potentially buy up to $500M in bitcoin and either have $505M after 1 week or have $495M and effectively sell all your coins for $505M I mean in one day, where could you have the potentials of making $5M in matter of just 1 week?

[poetra2501]

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

As you can see the chart of the bitcoin is really stable right now. Bitcoin gives a lot of value from his advantages comparing with the gold. But for the stable investment gold still, hold the best choice.
For the investment with full of benefits, bitcoin is still the number one.
More development on bitcoin will make the price is increase anytime.

The price of Bitcoin will be stable just for the briefly then it's will go up or down again depends
how much demand or supply in the market. I think the price of Bitcoin always will be volatile. 

[Pinkris128]

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

As you can see the chart of the bitcoin is really stable right now. Bitcoin gives a lot of value from his advantages comparing with the gold. But for the stable investment gold still, hold the best choice.
For the investment with full of benefits, bitcoin is still the number one.
More development on bitcoin will make the price is increase anytime.

The price of Bitcoin will be stable just for the briefly then it's will go up or down again depends
how much demand or supply in the market. I think the price of Bitcoin always will be volatile. 

You have a point. Volitality occured as planned perhaps by some big whales. It is their tactics so that they can earn money from panic selling of newbie traders or people which need money. However, this can be prevented if all of bitcoin holder understand what is happening to the market.

[(altair)]

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

I think we should still.For me i see higher volatility in price as more profit.Fast changes in prices may make more profit for traders when it comes in short trading.If trader like me goes by the flow of price volatility we can make more profit for us

[TastyChillySauce00]

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

I think we should still.For me i see higher volatility in price as more profit.Fast changes in prices may make more profit for traders when it comes in short trading.If trader like me goes by the flow of price volatility we can make more profit for us

Only if you can manage to always make a profit instead of losing your money. Higher volatility means more profit alongside with higher risks. People like you often think that it's opportunity, there's nothing wrong, but if you're underestimating this circumstance, you will eventually doomed, no matter how smart you're on managing your money or analyzing the current trends.