Don't worry volatility is good for Bitcoin- + let's work together

[Lucid717]

It's a whole different animal from normal commodities.  Bitcoin is at it's best when the price is volatile.  It's no good when it's relatively frozen in place.  It goes up several hundred fast, then back down a few hundred, and then back up again... etc...  But in the end it ends up gaining more than it loses over time when it's locked into a volatile cycle like this.  I knew when it approached 5K again a decline would follow.  But it will go back up again shortly, and this time it will pass the 5K barrier... until it approaches 6K and then inevitably some people will cash in their chips again.  Why?... because they expect others will as well, and that the price will drop.  This happens ever time it reaches milestones like this.

The solution would be for more people to hold regardless of what's going on.  If this happened then the declines every time a new milestone is approached wouldn't happen, it'd just keep rising.  I'm one to talk because I do the exact same thing, again because I know others will and want to maximize profits.  But I'm considering practicing what I preach and just holding from now on.  Not only that but investing every time I have extra money to do so, regardless of the current situation (What I called the 2'nd best option next to being able to get your money in & out at the right time).  Because I have confidence in it's medium term future (at least) that it's value will increase as a whole through these volatile periods.  And I wouldn't want to be a hypocrite, telling others to hold while I don't.

If you consider what is best for everyone as a whole, and for Bitcoin as a whole, it's actually the #1 best option.  I for one am tired of seeing it dip back down every time it reaches a new milestone instead of continuing to rise.  It would be in everyones best interest.  It's our best hope of seeing it actually reach the 5 digits like we all want it to.  Plus it would be easier on all of us, to not have to go through the hassle of constantly keeping watch on the price charts and buying or selling off our BTC every time we sense a change.  I have better things I could be doing with my time, plus I'm lazy.

But again, to get back to my main jist, don't worry about it dipping back down after it approached 5K... after soaring yesterday on the back of several pieces of fantastic news.  There was more today, concerning Japan as well as a former JP Morgan big wig again.  Of  course one man chimed in as well that Bitcoin would crash, but I've looked into this man before and he represents part of the constituents that want to see the price fall to a level where it's more affordable because they feel they've missed the boat.  Do not believe anything this man says, it is FUD.  And anyone that's followed my posts knows I'm objective, and will spread bad news myself if it is legitimate.  And that I'll tell the truth whether it's what people want to hear or not.  I was accussed of creating FUD when I first joined for warning of a downslide (that ended up happening).

It won't topple much further, and will spring back as soon as tomorrow.  And after some up's & downs will finally eclipse the 5K mark, and soon.  6K will be the next milestone... but how bout we hold onto our stash collectively so that instead of another in character downslide at that point it leaves that new milestone in the dust and continues on it's way to the next K?  We can do it if we work together and stop trying to do what we expect the Jones's to do every time we reach a point like that.  Because the truth is that people like us have control.  The vast majority of the BTC in circulation (so to speak) belong to people like you and I, not to Wall St.

[davis196]

Limited supply and a volatile demand creates the btc market volatility.
If there were less bitcoin HODLERs,volatility would have been pretty low.
Market volatility is good for the daytraders and speculators and creates the market liquidity.
Anyway,i got tired from reading your long thread,OP.

 

[romero121]

Limited supply and a volatile demand creates the btc market volatility.
If there were less bitcoin HODLERs,volatility would have been pretty low.
Market volatility is good for the daytraders and speculators and creates the market liquidity.
Anyway,i got tired from reading your long thread,OP.

 

Yes, every user gets tierd of reading it, Op could have made it in the form of an article,  which might have given the users the willingness to read. Volatility is the one that makes people give importance to bitcoin and here we cannot expect low volatility until the capital volume increase above certain level.

[DaMut]

volatility is Bitcoin charateristic,so agree or disagree with it we must accept it.
it's very different to other assets because Bitcoin is very easy to get manipulated by people,
and other than that Bitcoin has a low supply,while the demand is very high.
that is the reason why Bitcoin is very unstable.
for trader we're hoping to see that kind of activity,because we're searching for profit and profit.
but for the business it's not really good and because of that many people still hesitate to get involved into it,
or implement it as their own payment point.
just imagine it,they're buying $100 in Bitcoin and when he transfer it the price goes down and hist Bitcoin goes down to $90 in value they need to buy it again in order to pay the bill.
volatility is a double edge sword have its own advantage and disadvantage,

[Proton2233]

Limited supply and a volatile demand creates the btc market volatility.
If there were less bitcoin HODLERs,volatility would have been pretty low.
Market volatility is good for the daytraders and speculators and creates the market liquidity.
Anyway,i got tired from reading your long thread,OP.

 

On the one hand, volatility makes for a good traders, and the other is pushing business owners and prevents the development of trade bitcoins. It seems to me that the volatility of bitcoin is just an obstacle to bitcoin becoming a full-fledged currency. I hope I will see soon such changes.

[coinplus]

Wow! Quite an epistle!! That could have been summarized. At this stage, volatility is definitely inevitable for bitcoin's development as we see more people craving for the value and more people HODLingbelieveing it is not the right value yet for them to dispose it. As long as we keep having demand for it and it keeps being valuable then, the volatility is normal and good opportunity for daytraders as well as HODLers too,

[ivrynx]

Every investment has its risk, if we take a look at it, all tem are volatile, however it depends on the investment, bitcoin being an asset as well has a high volatility rate, since it is not just focused on one country alone, bitcoin is global, and there are a lot of investors on bitcoin, considering it is the whole world, making it very much volatile than others. I think the community here is already making an impact on how we could help each other regarding bitcoin as an investment and as a currency, we should not worry too much, since bitcoin has a purpose, and it also gives us hope financially, its volatility had already made millionaires in my country, let's all give our trust to bitcoin and for sure bitcoin will give something back in return, lits like a saying here in my country, money you save today, will save you tomorrow.