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

[itsallpc]

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

One of the main features of bitcoin is its volatile nature due to which traders and investors buy it.Bitcoin price was $1000 in january 2017 and now its price is around $2850.This price change has occured due to its volatile nature.We should buy bitcoins and take advantage of its volatile nature and gain more profits.If we already have bitcoins,we must hold it as it is expected to cross even $4000 by this year end.

[stompix]

Because many people have proved that the prices of bitcoin always go up even it is volatile. If you are a good trader, you can buy and sell your bitcoin at the right time and you can earn some extra bitcoin from that activity

Logic failure.
If bitcoin price will always go up how can you think of selling and making a profit?

And there was no need for people to prove the price goes up.
We have charts showing that, no need for a master degree to realize 3000$ is bigger than 1$

[malikusama]

The popularity of bitcoin is due to its volatility. The worth of bitcoin is increasing with the passage of time as you compare the past few years with today. If the price goes down best way is to hold your bitcoin until the price rise again, because I am sure the price will continue to rise as in the past and current year.

[magneto]

The popularity of bitcoin is due to its volatility. The worth of bitcoin is increasing with the passage of time as you compare the past few years with today. If the price goes down best way is to hold your bitcoin until the price rise again, because I am sure the price will continue to rise as in the past and current year.

Actually - no. If bitcoin was a lot less volatile than it is right now i believe that it will achieve even greater popularity. I think that you're assuming that even in the short term bitcoin is able to achieve fabulous results all the time. That's not true. If you buy in at the all time high and sell when the crash happens then it's obviously not a good short term investment to make.

OP, with the benefit of hindsight the price of bitcoin itself have answered your question - the price has went up some $1500 between the original post and right now. Holding is a good strategy if you're not planning on trading, and you just want to have something locked away for your investment. Holding might not be for you if you're worried about short term fluctuations.

[Finestream]

The popularity of bitcoin is due to its volatility. The worth of bitcoin is increasing with the passage of time as you compare the past few years with today. If the price goes down best way is to hold your bitcoin until the price rise again, because I am sure the price will continue to rise as in the past and current year.

I don't think that is the only reason, I believe it's popular because it's purpose is something revolutionary which will probably change the current system from centralized to decentralized. Being volatile is the reaction of the limited supply, and this is made possible due to the users who are constantly having a demand of bitcoin and those who control the supply especially the whales, if you are a trader you love this kind of game because if you are wise you can make a decent income from the dumb money online.

[SimmonenY]

Bitcoin has always been volatile, but right now I'd hold at least until it's 3000$.

[Himanshu111]

Yes, you are correct that price of Bitcoin is volatile but it is this volatility of Bitcoin which makes it the most desirable cryptocurrency out there. You should hold your coins and you should even try to buy more Bitcoins at lower price so that you can sell them during a pump.

[AjithBtc]

Yes, you are correct that price of Bitcoin is volatile but it is this volatility of Bitcoin which makes it the most desirable cryptocurrency out there. You should hold your coins and you should even try to buy more Bitcoins at lower price so that you can sell them during a pump.

Yeah volatility is the one for which bitcoin is much known about, and the volatility is the profiting thing. If there is no volatility similar to the other digital currencies then surely it could have never been these popular. So one who focus on profit it's good to buy low and sell after holding with patience.

[Tamilson]

Do you trust bitcoin or not you have no other choice but to keep him in the hope to get rich. If you provoke a panic in the bitcoin market and start to sell, you have nothing to earn because of falling prices. If you do not trust bitcoin, then keep it and periodically make purchases of goods for their bitcoins.

Trusting is  the least that we can do today. As bitcoin had pumps and dumps recently maybe because of eth, some country that legalized it and profit taking. I think volatility of bitcoin is natural in every currency even real currencies are experiencing this volatility.
For the mean time, hold your bitcoin and it will be profitable by months or years.

[emezh10]

Long term is the best way to earn in bitcoin so don't sell with small pumps only because expects that after few months or years the price of it will pump again there will be few dumps but expect after that there will be a pump so I think holding it for a long time is the best way to multiply your money.

[Ayiranorea]

Only because of the volatility every user get profited. So never and ever an user should not think volatility as an drawback of the cryptocurrency. So holding is always a profitable thing to be done with the bitcoin as well other digital currencies.

[bit1]

Long term is the best way to earn in bitcoin so don't sell with small pumps only because expects that after few months or years the price of it will pump again there will be few dumps but expect after that there will be a pump so I think holding it for a long time is the best way to multiply your money.

That seems to make sense more than ever and more because it's not just about of which occupies the position number one in the list but that main competitor has not been able to get close enough, that's something that draws attention.

[harizen]

Long term is the best way to earn in bitcoin so don't sell with small pumps only because expects that after few months or years the price of it will pump again there will be few dumps but expect after that there will be a pump so I think holding it for a long time is the best way to multiply your money.

Literally, only the bitcoin value will increase once you hold bitcoin. You must accumulate more of them. To gained quantities, you must acquired it thru buying, trading, earning or any types of accumulations method you will know. In that way, since you preferred to hold for long, the more quantity of bitcoin to be hold, the greater the value of it once the price reaches your desired target.

Always make sure that the time we will spend on holding those coins are worth to wait and spend. Don't just hold the same quantity of bitcoin. You are not satisfied anyways with $500 profit for 1 year as an average bitcoiner isn't it?

[Himanshu111]

Volatility is in nature of all cryptocurrencies and not just Bitcoin, so if you don't like volatility, you should not invest in Bitcoin or any other cryptocurrency available out there. If you will not hold And will sell Bitcoin at a lower price then you will only loose money from your profit margins only so wait for sometime so that Bitcoin can restore it's price and you can earn profits.

[Schuyler]

If you believe that the price is going to stabilize or even rise again in the future, then there is no reason not to hold. It might seem that there’s a lot of uncertainty right now, but each time bitcoin faces some challenges, the price seems to move up north the more. Thinking long term would definitely help, heck even medium term investing can already give a lot of profits.

[stompix]

Do you trust bitcoin or not you have no other choice but to keep him in the hope to get rich. If you provoke a panic in the bitcoin market and start to sell, you have nothing to earn because of falling prices. If you do not trust bitcoin, then keep it and periodically make purchases of goods for their bitcoins.

Trusting is  the least that we can do today. As bitcoin had pumps and dumps recently maybe because of eth, some country that legalized it and profit taking. I think volatility of bitcoin is natural in every currency even real currencies are experiencing this volatility.
For the mean time, hold your bitcoin and it will be profitable by months or years.

I don't think there is another currency from a western or at least 2nd rate country that shows this volatility.
The pound got hit by brexit, elections, problems forming a government and yet it is not swinging more than 20% to the euro and the usd.

But fortunately for us, bitcoin usually has these swings upwards unlike national currencies.

[dmamigo]

Its Volatile and its perfect to acquire few more Bitcoins and hold it. This volatility is just for a time being, and the value will surely rise.
Previously also it had crazy fluctuation, but now you can see the value. So better if you can, hold it.

[Theb]

You must take advantage of the volatility, by that you must be buying and accumulating Bitcoin when the price is low or is near the support line in which will act as a safety net for your investment capital. Volatility is nothing to be scared of because it what's make profit from Bitcoin, yes I know a lot of you are after a stable Bitcoin but that's what you get when no one controls the currency except for Big Players.

[Ziskinberg]

You must take advantage of the volatility, by that you must be buying and accumulating Bitcoin when the price is low or is near the support line in which will act as a safety net for your investment capital. Volatility is nothing to be scared of because it what's make profit from Bitcoin, yes I know a lot of you are after a stable Bitcoin but that's what you get when no one controls the currency except for Big Players.

Traders are the only group who can benefit from the price volatility, typical investors would like to see a stable market because that makes them comfortable with their investment. Bitcoin IMO will always be volatile as it is its nature, with the limited supply and fluctuating demand, you can already expect what the market behavior will be.

[avikz]

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

If you don't want to hold bitcoin anymore, would you mind sending them all to me? I will take good care of them, I promise. The volatility is what make bitcoin so special to the traders like me, because we earn profits from that volatility. If the price of bitcoin remains stable, it will not make a good trading instrument.

I believe, bitcoin has the potential go up in future and that's why I invest in bitcoin for long term. Whatever profit I earn from bitcoin, I keep them in a safe place for the future. However, the volatility is the main thing that keeps my trading alive.