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

[acroman08]

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

Because you can use the volatility to your advantage, if you are going to buy don't just hold it, use it
trade it, sell it one of the reasons people are buying bitcoin is to take advantage of its volatility
if you are just going to hold, you will miss a lot of opportunity to increase you bitcoin

[webtricks]

~~

Because you can use the volatility to your advantage, if you are going to buy don't just hold it, use it
trade it, sell it one of the reasons people are buying bitcoin is to take advantage of its volatility
if you are just going to hold, you will miss a lot of opportunity to increase you bitcoin

Yes, volatility is the charm of bitcoin, it is the only force which driven the interest of such a big folk towards it. Consider if bitcoin has no or low volatility, why would anyone even care holding it!
Trading/Investment don't belong to one with weak heart, one need to be strong enough in order to sustain volatility and to make windfall gains/losses.

[DoublerHunter]

In my opinion, holding at the very volatile situation for bitcoin is a bad idea because you can lose the opportunities to earn more than you can possibly earn in holding for a long time. Volatility is a the best thing for bitcoin because that is how other people earn money and joining that hype is a good idea since you can at a low price and sell it for a bit higher price and then grab the profit and repeat the steps .

[SikatBray]

In my opinion, holding at the very volatile situation for bitcoin is a bad idea because you can lose the opportunities to earn more than you can possibly earn in holding for a long time. Volatility is a the best thing for bitcoin because that is how other people earn money and joining that hype is a good idea since you can at a low price and sell it for a bit higher price and then grab the profit and repeat the steps .

Despite of holding, what I suggest is frequent processing on one's bitcoin. The processing envolves conversion of btc into other altcoins, earn profit and then convert them back in btc. In this way, one can increase his bitcoin along with increase in value. I tried with dogecoins and monero in last fortnight and increased my btc by 20%

[bitcoinisbest]

Well there is a simple philosophy in trading especially when you are in profit you should take profit and exit in volatile market rather than getting too much greedy to earn more profit and then end up with some or no profit or nay be in a loss.

[Slark]

Don't panic and fell for FUD and bad news about potential 51% attack of BU miners it is all propaganda.
Volatility of bitcoin is still not as high as it used to be in the early years. Please check this all time graph:

https://btcvol.info/ - observe how high price disproportions were in 2013 and 2014 we had monthly volatility of 15% at some points.

[genny2kuk]

Bitcoin volatility is just in the short run. In the long run it is advisable to hold

[Lancusters]

I'm sure that now is not the time to sell bitcoins. This year will start the official recognition of the cryptocurrency and the first to be bitcoin. I am sure that in 2017 bitcoin will rise in price. For this reason, speculators have tried to derail the bitcoin's price and buy it yourself. Don't panic and you will win.

[aardvark15]

Maybe try a combination of holding and trading. You could hold half of your money in Bitcoin as a long term investment and use the other half for short term buying and selling.

[alani123]

The alternative would probably be to day trade if you were after speculative short term profit but that really isn't too convenient or even accessible for people holding bitcoin as a store of value. Holding certainly isn't for everybody but doing so after buying (instead of actively buying and selling) would actually help reduce overall volatility.

[Wandering Soul~]

The alternative would probably be to day trade if you were after speculative short term profit but that really isn't too convenient or even accessible for people holding bitcoin as a store of value. Holding certainly isn't for everybody but doing so after buying (instead of actively buying and selling) would actually help reduce overall volatility.

Day trading with bitcoin to bitcoin is not even profitable unless you have a huge capital which is very risky, Although it will be a different story if its altcoin trading cause altcoins are way more volatile than it. Volatility has its advantages and disadvantages it will just depend on the person who's trading on how he will take advantage of it . If you find yourself panicing every single time bitcoin decreases greatly, Then this market is not for you .
Volatility is in the basic information about bitcoin and alts so it should be expected that there will be a ups and downs greatly .

[X-ray]

Well there is a simple philosophy in trading especially when you are in profit you should take profit and exit in volatile market rather than getting too much greedy to earn more profit and then end up with some or no profit or nay be in a loss.

I think so, Too many people are greedy to earn more money through the trade, but a lot of them are getting trap by the volatility and waiting for the next increase.

That's a good decision to pull back all of our money before the bullish trend will be the end in the future.

[findingthemoon]

The alternative would probably be to day trade if you were after speculative short term profit but that really isn't too convenient or even accessible for people holding bitcoin as a store of value. Holding certainly isn't for everybody but doing so after buying (instead of actively buying and selling) would actually help reduce overall volatility.

Day trading with bitcoin to bitcoin is not even profitable unless you have a huge capital which is very risky, Although it will be a different story if its altcoin trading cause altcoins are way more volatile than it. Volatility has its advantages and disadvantages it will just depend on the person who's trading on how he will take advantage of it . If you find yourself panicing every single time bitcoin decreases greatly, Then this market is not for you .
Volatility is in the basic information about bitcoin and alts so it should be expected that there will be a ups and downs greatly .

Day trading can be profitable on bitcoin if you are on an exchange with 0 fees. As for volatility it should decrease in time as bitcoin gets more widely adopted.

[Kakmakr]

The best strategy for me has turned out to hoard Bitcoin over a long period and to buy Bitcoin on every mini dump. I do not buy every month like others do, because I want to buy more when there are a dip in the price. So I save my fiat in my bank account and when the price drop, I quickly transfer money and buy a bunch of bitcoins.

The volatility is not a bad thing, because you get several chances to buy cheaper coins. The secret is not to sell, when the price goes up in small increments. ^smile^

[severaldetails]

The volatility of the price is in bitcoins nature, so everyone who owns cryptocurrencies should know that effect.
Of course there is the option to buy and sell in small intervalls, but that is time consuming.
And it would give you the possibility as well to buy and sell always at the wrong time.
Besides, I have some stocks that behave about as volatile as bitcoin, and I am not planing on selling them as well.

[Qartada]

Holding is always the best strategy when the price is volatile.  Volatility doesn't mean long term drops, especially for Bitcoin (with Bitcoin it has never meant that), so by holding you'll usually end up having your holdings increase in value quite significantly and you can sell at a convenient time, whereas with some less volatile assets you can't expect them to go up so significantly at all.

[yrreg ger]

I think it's better to hold bitcoin until prices back to normal. Fluctuations like this in my opinion reasonable in bitcoin, I'm sure in a few months it will go back to normal and prices will rise. But if have money maybe to buy some bitcoin, it will be able to get profit. In conditions of bitcoin now hold and buy is a good choice. With bitcoin prices that very volatile right now, I am is better to hold and buy because it would be good for long term.

Every satoshi for bitcoin is very important. Since it is out of control for decreasing and increasing we need to hold or save it because trading are not stable so that there's a chances to make or earn profit. As of now buying and selling bitcoin is unpredictable for earning of profit but holding a bitcoin is much effective to make a profit until the trading will increase. But not at all we can get a profit other is losing money.

[Mometaskers]

Well for people like me who's not into trading, holding is probably the best way to use bitcoins rather than risk it on loans or gambling. Just add more to the stash regularly and some more when it's at a plunge. If you believe in bitcoins and used spare money anyway, you can afford to just leave them there. No one expected bitcoin's price to reach this high anyway if they just looked at the price years ago. Had I heard about it earlier and known the route it would take, I would have stashed plenty of coins.

[avikz]

Your point is laughable. I think the main attraction in bitcoin is its dynamic pricing. It is a trader’s heaven. Because for the volatility in bitcoin’s price, people are investing in trading and earning a good income.

I am sure that bitcoin is just going through a bad time and as soon we find a permanent solution to it, it will have a huge bull run. You just have to stick to it for some time and everything else will fall in place. It’s about time.

Also, you have resorted to a good method to promote the website to measure bitcoin’s volatility. I am sure, the people who loves bitcoin, will stay strong and won’t sell their holdings.

[eternalgloom]

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

Because you can use the volatility to your advantage, if you are going to buy don't just hold it, use it
trade it, sell it one of the reasons people are buying bitcoin is to take advantage of its volatility
if you are just going to hold, you will miss a lot of opportunity to increase you bitcoin

That was part of his question though, if it was a good idea to buy and hold.

In my opinion, it's still good to buy and hold, but only if you plan on holding for a couple of years and if you're not investing your entire capital into Bitcoin.
But it's better to wait untill there's a solution to the scalability problem.