Problem Bitcoin volatile Nature

[Przemax]

A little correction happening and such a topics coming out. It does not bother people when the volatility is upward it seems.

Volatility in my opinion does as much harm as the good towards the number of users. There are people that like the volatility which is a speculative money people. The people that does not like it are the those who are risk averse.

The balance in bitcoin users numbers are constant wheter its volatile or stable in price imho. Its usage is just different.

[skorupi17]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds.

My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again.

how to save yourself with this kind of situation. 

Who told you that you could send Bitcoin in seconds? they were trolling you, however if by chance you broadcast a transaction 1 minute before a miner finds a block and if they include your tx yes you could call that fast but average time is between 10 up to 30 minutes depending on fee can get much longer.

If you could explain more about going down it'd be great, what do you think will suddenly go down?

I can.

Well that depends on what type of wallet are you using. As for me, I am using a web wallet which some say that it is a wallet from someone's wallet. I have experienced sending btc to another wallet (having the same type of wallet) and the transfer was instant. I never dealt with confirmation delays ang even transaction fees. I would say that my type of wallet is praktical for everyday use. For the record, my wallet is coins.ph.

[iamTom123]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds. My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again. How to save yourself with this kind of situation?

This situation happened to many Bitcoin senders many times before and it can happen again. Maybe what you can do is make a little allowance for volatility and make sure that the receiver is aware by the time you are sending the money so he/she can immediately confirm the transaction and can decide what to do with the digital currency.

I am hoping that soon there would be a company or program that can protect us from volatility by insuring what we are sending at a certain rate...this can be in a form of hedging.

[megynacuna]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds. My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again. How to save yourself with this kind of situation?

This situation happened to many Bitcoin senders many times before and it can happen again. Maybe what you can do is make a little allowance for volatility and make sure that the receiver is aware by the time you are sending the money so he/she can immediately confirm the transaction and can decide what to do with the digital currency.

I am hoping that soon there would be a company or program that can protect us from volatility by insuring what we are sending at a certain rate...this can be in a form of hedging.

Good idea but that also brings about the centralization we are all trying to avoid. To get a company to hedge our bitcoins i doubt is the best idea even though we all want to stop the volatility. A better solution in my opinion should come.

[pearlmen]

In as much as the volatility nature of bitcoin is discouraging some large entrants into the space, I still feel its one and another thing that is still attracting a lot of people into the space as well for people who prefer to use it as a commodity rather than a medium of exchange. Also, we need to know that bitcoin is till at a penetration stage where entrants are equally distorting the market structure of demand and supply which I hope the moment the entrants is being regulated or gotten to the point where the ratio is the same as those leaving then we can have stability until then nothing is happening on the contrary.

[bitbunnny]

For some Bitcoin volatility is disadvantage and for others huge advantage, depends what you are doing with your coins. The traders live from it. But the fact is that volatility is the one of the issues that stoped Bitcoin to be more accepted at official financial market and more equal to fiat as a currency.

[foxbat]

For some Bitcoin volatility is disadvantage and for others huge advantage, depends what you are doing with your coins. The traders live from it. But the fact is that volatility is the one of the issues that stoped Bitcoin to be more accepted at official financial market and more equal to fiat as a currency.

The value of a coin never stands still, it fluctuates constantly and never stops. It is the impact of the market, and it is also a way for traders to make a profit, but it is not easy, it requires them to be extremely accurate.

[mackenzied]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds.

My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again.

how to save yourself with this kind of situation. 

Who told you that you could send Bitcoin in seconds? they were trolling you, however if by chance you broadcast a transaction 1 minute before a miner finds a block and if they include your tx yes you could call that fast but average time is between 10 up to 30 minutes depending on fee can get much longer.

If you could explain more about going down it'd be great, what do you think will suddenly go down?

I can.

Well that depends on what type of wallet are you using. As for me, I am using a web wallet which some say that it is a wallet from someone's wallet. I have experienced sending btc to another wallet (having the same type of wallet) and the transfer was instant. I never dealt with confirmation delays ang even transaction fees. I would say that my type of wallet is praktical for everyday use. For the record, my wallet is coins.ph.

Transactions are handled immediately when the recipient uses the same type of wallet, and that causes many restrictions. If you use a web wallet, the amount sent to your address is immediately sent to their wallet. So, when you want to make a deposit, the time will be longer, you have to wait for them to make a payment from their purse. Very inconvenient.

[SoulBargain]

For some Bitcoin volatility is disadvantage and for others huge advantage, depends what you are doing with your coins. The traders live from it. But the fact is that volatility is the one of the issues that stoped Bitcoin to be more accepted at official financial market and more equal to fiat as a currency.

The value of a coin never stands still, it fluctuates constantly and never stops. It is the impact of the market, and it is also a way for traders to make a profit, but it is not easy, it requires them to be extremely accurate.

The advantage of the price volatility is proportional also to its disadvantages. It may rise so high and it may fall so low. This might be the reason as to why cryptocurrencies also Bitcoon is hard to be accepted to some countries and the danger of it to lose its price anytime though in Bitcoin's case, since a lot of countries have accepted it also, users have less worries for Bitcoon just to lose its value when they wake up or gone down to like $4.

[audaciousbeing]

Having read the arguments for both and against volatility, it seems there is no end to this discussion but my point of view is that if there is need for the massive break-in bitcoin is waiting for, then there is need for a fairly stability in price. How do we want a big retail store like Amazon, Alibaba, Ebay to cost their goods where today a 25$ commodity could be say 0.015btc and tomorrow that same commodity could now 0.025btc with the complex infrastructure they run then its definitely going to be an herculean task.

[Emoclaw]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds.

My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again.

how to save yourself with this kind of situation. 

This does not happen. It has never happened. The Bitcoin network isn't capable of transactions of such speed.

Bitcoin's price will keep increasing, always. Even if it dips short-term, it will go back up more than it was before.

[Slark]

I can.

Well that depends on what type of wallet are you using. As for me, I am using a web wallet which some say that it is a wallet from someone's wallet. I have experienced sending btc to another wallet (having the same type of wallet) and the transfer was instant. I never dealt with confirmation delays ang even transaction fees. I would say that my type of wallet is praktical for everyday use. For the record, my wallet is coins.ph.

That is because coins.ph online wallet you are talking about is using off-chain transaction functionality when sending coins to someone using the same wallet.
No bitcoin is moved on the blockchain. Status of your coins is only registered by internal wallet network, that is why transaction is instantaneous.
As far as I know many services use the same technology to transfer bitcoins e.g. Coinbase and Xapo

[skorupi17]

~snip~

Who told you that you could send Bitcoin in seconds? they were trolling you, however if by chance you broadcast a transaction 1 minute before a miner finds a block and if they include your tx yes you could call that fast but average time is between 10 up to 30 minutes depending on fee can get much longer.

If you could explain more about going down it'd be great, what do you think will suddenly go down?

I can.

Well that depends on what type of wallet are you using. As for me, I am using a web wallet which some say that it is a wallet from someone's wallet. I have experienced sending btc to another wallet (having the same type of wallet) and the transfer was instant. I never dealt with confirmation delays ang even transaction fees. I would say that my type of wallet is praktical for everyday use. For the record, my wallet is coins.ph.

Transactions are handled immediately when the recipient uses the same type of wallet, and that causes many restrictions. If you use a web wallet, the amount sent to your address is immediately sent to their wallet. So, when you want to make a deposit, the time will be longer, you have to wait for them to make a payment from their purse. Very inconvenient.

I do not have any defense for that since I never deposited any amount into my wallet. But for the sake of the discussion, I'll take an educated guess as my counter. I think that the transaction you speak of (deposit/cash in) will not take long as you anticipated. Coins.ph might have Bitcoin reserves in their possession since any user of the wallet can easily withdraw/cash out. The btc a user has will be sold to coins.ph as soon as they withdraw their btc to fiat. So basically, depositing an amount into the wallet is not that slow, as long as the depositing is confirmed (via 3rd party), the deposit will be a success.

I can.

Well that depends on what type of wallet are you using. As for me, I am using a web wallet which some say that it is a wallet from someone's wallet. I have experienced sending btc to another wallet (having the same type of wallet) and the transfer was instant. I never dealt with confirmation delays ang even transaction fees. I would say that my type of wallet is praktical for everyday use. For the record, my wallet is coins.ph.

That is because coins.ph online wallet you are talking about is using off-chain transaction functionality when sending coins to someone using the same wallet.
No bitcoin is moved on the blockchain. Status of your coins is only registered by internal wallet network, that is why transaction is instantaneous.
As far as I know many services use the same technology to transfer bitcoins e.g. Coinbase and Xapo

As a matter of fact, yes. The servers of coins.ph will do all the hard work and all processes are done within its network. So the transaction is quite  instant.

[just_Alice]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds.

My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again.

how to save yourself with this kind of situation. 

I wish transactions would take minutes, but it is far away from reality, especially lately. I see two solutions here. The first one is that you can pay a huge transaction fee, so your money will be transfered very quickly. Another way, you can find some alternative cryptocurrency, which is stable at the moment and use it to transfer the money, but in this case, the other person would have to create the wallet for it. It might seem a bit complicated, but in return, you wouldn't have to spend extra money and wait too long.

[kidoseagle0312]

As one of the best part or advantage of this cryptocurrency is we can transfer the money from one place to another place within a minute or in some seconds.

My question is, as bitcoin has highly volatile nature, after sending the money to my friend if it suddenly goes down then its a big problem in this case my does not get the money that he needed, and I have to send bitcoin again.

how to save yourself with this kind of situation. 

Bitcoin volatility is one of the good features about it. because we cannot when will it drop or increase and that can be happen at any moment it can be a minutes or an hour, depending on the demand of the bitcoin users in the entire world. And in my experience in transfering bitcoin to another wallet or using it as payment it takes a minutes before it confirm or sometimes it takes an hour.