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Iphomme (OP)
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May 19, 2021, 06:56:13 AM
 #1

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
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May 19, 2021, 09:20:08 AM
 #2

Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high.
Yep, we all know that. Bitcoin is volatile, same is other cryptocurrencies, they are also volatile just like bitcoin. I don’t think there is any cryptocurrency you can predict easily same way that you can’t predict bitcoin easily.

It’s just like what we have been seeing lately, Bitcoin reached a high price and a lot of people are still predicting that it is going to reach a more higher price, but instead the price keeps decreasing. That goes to show you how unpredictable the market can be, you just don’t know exactly what it’s going to be. Although you can still make use of analysis and they help you know the possibilities that the market would be going a particular direction.

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May 19, 2021, 11:26:20 AM
 #3

It’s just like what we have been seeing lately, Bitcoin reached a high price and a lot of people are still predicting that it is going to reach a more higher price, but instead the price keeps decreasing. That goes to show you how unpredictable the market can be, you just don’t know exactly what it’s going to be. Although you can still make use of analysis and they help you know the possibilities that the market would be going a particular direction.
And with bitcoin's unpredictability that also has the benefit for anyone to get in anytime they want because the prices are ever changing. But you have to take analysis with a grain of salt as it s volatile as you said.
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May 20, 2021, 06:44:31 AM
 #4

It’s just like what we have been seeing lately, Bitcoin reached a high price and a lot of people are still predicting that it is going to reach a more higher price, but instead the price keeps decreasing. That goes to show you how unpredictable the market can be, you just don’t know exactly what it’s going to be. Although you can still make use of analysis and they help you know the possibilities that the market would be going a particular direction.
And with bitcoin's unpredictability that also has the benefit for anyone to get in anytime they want because the prices are ever changing. But you have to take analysis with a grain of salt as it s volatile as you said.
with a large volatile, it makes the opportunity to get a big profit too. but it is directly proportional to the risk that must be borne. therefore learning to trade is needed before we trade. many people want to get rich quickly but the results are just the opposite
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May 20, 2021, 07:24:58 AM
 #5

Bitcoin is just as volatile as any other currency or stock. I would agree there is a certain part of the population that looks at it as more of an asset than investment - kind of like gold. However, I personally don't think Bitcoin has the price volatility that many other coins have. If someone were telling me they wanted to buy just one cryptocurrency to hold for the next 10 years - I would tell them to buy Bitcoin because I think it's the most stable.

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May 20, 2021, 07:52:25 AM
 #6

Sometimes may fail to trade cause their's a sudden down of an a price
Fail to trade because of the price going down? it's tradable regardless of the market price. If it's in the bull run then it will surely be traded off and if it's in the bear market then it will be the same as the bull run's price and nothing will change and matter because it will always be tradable. I think you only have used a different word and that would be hard to trade because holders won't trade it at a lower price but to say that may fail to trade, I think that's a different story.

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May 20, 2021, 06:19:16 PM
 #7

That is why there are people losing money in bitcoin trading. We should be careful because there are countless outcomes. However, this does not mean we must become more skeptical or hesitant. Trust yourself and instinct. Also remember to manage you fund accordingly. Confident but not reckless. Understand the risk and also the reward and you will be a consistent winner in this big major game

Mastering trading is what people dream of. That is my target. One day, I will be one of the best in trading who is able to make money while sitting at home

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May 20, 2021, 07:22:16 PM
 #8

That is why there are people losing money in bitcoin trading. We should be careful because there are countless outcomes. However, this does not mean we must become more skeptical or hesitant. Trust yourself and instinct. Also remember to manage you fund accordingly. Confident but not reckless. Understand the risk and also the reward and you will be a consistent winner in this big major game

Mastering trading is what people dream of. That is my target. One day, I will be one of the best in trading who is able to make money while sitting at home
That is my end goal too but it is harder than it looks. I have kind of a opinion that with trading we learn again and again same things when we raise up the money invested in it. That emotional control is really important.
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May 21, 2021, 07:10:01 AM
 #9

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
its always a smart idea to follow the trend.. Especially if you saw it climbing and at the same time there's a good news also around the internet because it's a big opportunity to obtain a good return . Unlike when there's no such thing whrein bitcoin sometimes become very unpredictable and so volatile,  and sad to say you're not really sure if you can make massive profits afterwards and you need more time to monitor the movement to prevent losses.. Not the same when there's a trend and good new because even you sleep after placing order for sure even short term there's always a good returns after all.
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May 21, 2021, 09:18:18 AM
 #10

  Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world.
Bitcoin is not the oldest cryptocurrency. The Bitcoin Origins - Explore Bitcoin History and Secrets

Quote
Has a large price volatility making it too unpredictable to be used as a currency.
It is an asset storage and far from a currency. People also are in love with Bitcoin volatility.

Quote
Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
Fails in trade can be your bad trading orders or problems from exchanges when price is crashing.

What are issues of Bitcoin that you implied here?
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May 21, 2021, 10:08:42 AM
 #11

People don't usually understand this concept of volatility and I'm happy you can tell how the cryptocurrency moves, this incidence will let the public and newbies to know that bitcoin investment is not a get rich quick scheme but understanding the concept and purpose is the major priority, bitcoin is high at cap and can't be predictable unlike other altcoins so you should be careful when trading it.

The possibility that bitcoin will fall drastically is the same possiblity that it will rise madly, so the best way to win the volatility sickness and disturbance is by long term holding, this will help you from emotional headache on trades, and at the same time gives you unexpected profit.



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May 21, 2021, 11:45:49 AM
 #12

The possibility that bitcoin will fall drastically is the same possiblity that it will rise madly, so the best way to win the volatility sickness and disturbance is by long term holding, this will help you from emotional headache on trades, and at the same time gives you unexpected profit.
Hodlers don't get much loss with Bitcoin but traders do. Especially if they are margin traders or future traders and they use stupid leverages for their positions. They will get losses of their capital. Only less than five times of liquidations, they will lose more 95% of their initial capital.

There are very few hodlers on the market. Most of them are speculators who don't have single idea of how Bitcoin network works. They are targets of FUD and manipulations. The second type of traders are greed and stupid ones who use leverages and get liquidations.

With speculators or margin traders, you can not tell them to control their emotion.

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May 21, 2021, 11:52:38 AM
 #13

It's not the oldest one in the whole world but yeah I can feel your context here. Though volatile, it has shown out standing growth within a decade. May be if there would have been any contest regarding whose more popular in short time then Bitcoin would have been the number one for sure.

Bitcoin perhaps getting on the nerves because of it's value and high returns that are being experienced by millionaires and billionaires lately.

With that said, it is possible for us to trade effectively and grab lil share of profit when whales are making mega moves.  Wink
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May 21, 2021, 01:06:41 PM
 #14

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
This is why we already have stablecoins in the market if you want your money to remain the same in value in the next 5 years. The volatility is high with Bitcoin but those up and down are the reason why many traders today are successful, they gain the skills in trading and used it to their advantage so they can win in this market. Every currency have their own issues, but seriously Bitcoin changes everything and this is the only issues that gives me opportunity to double my money. Trading is not easy as well, so as life and giving up is not an option, learn trading today and become successful in the future.

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udidrone
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May 21, 2021, 02:46:07 PM
 #15

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
Trading is something that actually not easy to do. It might be look promising, that is why a lot of people sometimes use their money (maybe their savings, or money thay they should use to  daily needs. It is proven by a lot of news or maybe people who tell us story that they lose and then broke, no more money. But behind successful traders there are lose, cut lose, buy back, etc so they can minimize their losses. That  is thing that people should know first before trading.

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michellee
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May 21, 2021, 02:47:31 PM
 #16

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
Bitcoin price volatility is an issue for traders as they can not predict precisely because the price can go to any price, making us worry about seeing the price up to and down. But we can analyze the price to minimize the risk that we can get from trading and that is a must thing that every trader would do before they trade. We can not always succeed in trading because sometimes, we can fail in trading, making us lose money. But if you believe that is not a problem for you and you still trading carefully, you will make a profit in the future.

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May 21, 2021, 05:23:21 PM
 #17

Bitcoin's volatility is the main reason why it was an attractive piece of asset in the first place. Due to this nature of bitcoin, people are hopeful to ride its insane price swings until they are able to make a profit, and a lot have already been successful with it. It's really anyone's game, tbh, and those with something to spare and have the balls to go head first (with proper research and information, of course) are the ones usually coming out on top of everyone else.
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May 21, 2021, 06:27:40 PM
 #18

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
Bitcoin volatility does not make less of a usable currency, there are several businesses around the world now accepting bitcoin as a means of payment,, even, there are lots of small and big businesses in my country that uses bitcoins as a form of payment for their goods and services.
And as a trader, the high volatility in bitcoin and other crypto coins is where the money is, if one is smart enough and monitor the market closely, know the right time to buy and when to sell and wait for a deep to buy again, then you gonna be making a lot of money, I agree that it's not as easy to do as it is easy to say, but many people I know are already very successful through this strategy, they buy bitcoin when it's down and sell when it gets to a certain level, and wait for a deep to buy again. The only issues I see that bitcoin has is the issue with high transaction costs and confirmation time, this are the two key problems bitcoin has.

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isaac_clarke22
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May 21, 2021, 07:44:13 PM
 #19

~
Yeppers there. Though there are people that look at Bitcoin as more of an alternative payment method rather than an investment entity. I fall for both of these because why not in the first place.
The volatility is visibly a double-edged sword for sure, cause of course it doesn't always go up nor go down.
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May 21, 2021, 07:48:59 PM
 #20

   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.
These are just basic things but not those solid indications for us to tell that this is an issue because if you do took picture in the market as a whole then ill ask you this. Which one arent volatile? (excluding stablecoins).
If these things werent volatile in price since from the start then you do really expect that it would become popular or well known? This is the best recipe for someone who do tend to make out investment.
The higher the volatility the higher the chances for you to gain big profits but of course dont really remove the tendency or probabilities of losing too  thats why you should really be careful on what you are dealing.
So let me ask you this, if you do hate that volatility then why you are here on the first place?

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