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[uneng]

2023 turned out to be a relatively calm year; over the past 9 months there have been no strong dumps or major pumps. In general, this may indicate that Bitcoin is increasingly perceived as an asset for long-term holding, and not just another speculation for trading on the exchange. This is also evidenced by data that the number of bitcoins in illiquid wallets continues to increase.

The tendency is that Bitcoin's volatility decreases along the years, as more adopters join the market and more coins are splitted among different hands, decreasing the manipulation power whales have to drive prices in large scale upside and down. That is why it's important always the price crashes at once, new investors and minor investors acquire more coins immediately, so whales don't have the opportunity to accumulate every cheap coins on their holdings.

[shivansps]

Now from every source of information you can hear that Bitcoin will reach its maximum values ​​in the near future in a year or two. Therefore, those people who have money can safely invest in Bitcoin for a long time and not have headaches every day in trading
People understand very well that Bitcoin will not go below 16k and therefore invest with ease

[Sophokles]

In my experience, it seems that Bitcoin is less volatile this year. I have been involved with Bitcoin for a couple of years. The price seems quite stable, and very rarely are we seeing high volatility. It's most probably because holders don't want to sell and there are fewer new buyers as well. That means buyers and sellers are almost the same; when there is a difference, we see a little volatility. But that isn't countable or volatile compared to other years. I will say it's not bad at all; it's more of a natural growth than a pump dump. People should realise holding Bitcoin is worthy now, and it's just not a pump-and-dump game.

The way the bitcoin market handled fud for FTX and Binance, it was a signal that the sentiment for bitcoin as a long term holding asset is strong. There was a heavy accumulation of bitcoin despite this bad news and the market quickly recovered after every major correction. I am not sure if it was the retail investor or the institutional investor who ate all of those sales walls. Some exchange like binance and coinbase increased their BTC stack in these major correction. A few days ago, there was news about a bitcoin wallet that holds around the same amount of bitcoin in satoshi's wallet. Later they found that it belongs to coinbase.

[Yatsan]

Now from every source of information you can hear that Bitcoin will reach its maximum values ​​in the near future in a year or two. Therefore, those people who have money can safely invest in Bitcoin for a long time and not have headaches every day in trading
People understand very well that Bitcoin will not go below 16k and therefore invest with ease

Everyone in this industry is hoping for such thing to happen on its market price however those are just assumptions and speculation and no one guarantees for such thing. Not because you have money to invest, it would already give you the idea to just invest into it. Well, having assets is a good thing to acquire but let us emphasize the idea of risk management and to simply put only an amount inside our loss tolerance to avoid frustrations and related actions. Bitcoin has a huge potential especially with price increase but things won’just happen according to our expectations of it. Holding won’t be simple as well ‘coz nothing’s assured and no one knows when will the market price be able to cross its previous ATH.

[Aikidoka]

The volatility of Bitcoin's price this year isn't as high as in past years as the OP mentioned, and I think it will remain this way until the end of the year. I'm not sure if this is a good or bad thing for Bitcoin, but I do like this stability and I'm looking forward to the next bull market in a few years. I believe it will happen somehow after the halving in 2024.

The reason why Bitcoin isn't as volatile this year is probably due to many people engaging in long-term investments and we haven't seen as many transactions recently compared to the past years.

[Sayeds56]

Volatility in the Bitcoin market shows the lowest result in the last 10 years:


2023 turned out to be a relatively calm year; over the past 9 months there have been no strong dumps or major pumps. In general, this may indicate that Bitcoin is increasingly perceived as an asset for long-term holding, and not just another speculation for trading on the exchange. This is also evidenced by data that the number of bitcoins in illiquid wallets continues to increase. At the moment it is more than 14,500,000 BTC:

Your observation and insightful analysis of Bitcoin's historical data and in particular its decreasing volatility in past nine months, is a very interesting and positive development, that could contribute to greater Bitcoin adoption and acceptance as method of payment. This reduced volatility is a significant factor that has often hindered its acceptance as widely used payment method.

Moreover, it is worth noting that volatility in Bitcoin is an opportunity for professional traders to generate profit by skillfully mitigating risk associated with trading of this digital asset.

[Mr.right85]

The reason why Bitcoin isn't as volatile this year is probably due to many people engaging in long-term investments and we haven't seen as many transactions recently compared to the past years.

While holding to trade in the bulls and other purposes with regards to holding might account for some percent of the observation, I think another place to look at is the price of Bitcoin. The price has pumped to a surprising high for everyone. I guess most of us never expected bitcoin to create the current ATH and it did.
This scares off a few others from actively investing or trading it as, you don’t want to lose value on every Sat neither do anyone hope to buy too high.
People are gradually placing values and it would be interesting to see how the activities would play out come the next bullrun.

[bocyaj]

Yes many people now treating Bitcoins as long term investments only. Another reason for which we aren’t seeing more trades because they know that in 2024 Bitcoins will touch new All time high price. Hence for now they are just storing the coins in the wallet and not touching it. We might see ups and downs in the price of the coin during the last of November and December, as people are will try to accumulate more Bitcoins at that time for the bull run.

The crypto trader had trade in two different way,one is on the bitcoin.So after buying the bitcoin,the crypto trader will just hold the money in the bitcoin for the future.The money on the other stable coin was used by the gamblers to do the day trading.Many people know the fact,the new all time high in the bitcoin price in 2024.The people who holding the money in the bitcoin for the longer period will get benefit in the upcoming year pumping in the bitcoin price.

[Sayeds56]

[
While holding to trade in the bulls and other purposes with regards to holding might account for some percent of the observation, I think another place to look at is the price of Bitcoin. The price has pumped to a surprising high for everyone. I guess most of us never expected bitcoin to create the current ATH and it did.
This scares off a few others from actively investing or trading it as, you don’t want to lose value on every Sat neither do anyone hope to buy too high.
People are gradually placing values and it would be interesting to see how the activities would play out come the next bullrun.

Its individual's choice to hold Bitcoin for trading or long-term purpose ultimately hinges on his risk tolerance level and financial circumstances, however, I have observed and experienced that, short terms trades for modest gains is not a prudent idea, when it comes to Bitcoin. Instead, we should look at the bigger picture and hold Bitcoin for long term and wait for the events such as halving that can potentially generate significant profit for those who hold onto their investments over time.

[OcTradism]

I think it will take more time for Bitcoin to side way and be tightened more before a halving and it has yet come to a time for it to skyrocket. Psychology cycle of market is repeating again and it's not time to sell bitcoin at cheap price. It's only about 7 more months till 2024 halving and it's time to hold bitcoin we have tightly or try to accumulate more.

Bitcoin block reward halving countdown.

[DapanasFruit]

I am sure this is a positive development in the Bitcoin market as we always prefer more calm and smoothness rather than experiencing some roughness and uncertainties but then again those who are looking for Bitcoin to immediately jump into $30K or more can be disappointed with the way the asset is behaving this year. Now, am wondering what 2024 will be bringing since it would be a halving year and there is a big possibility that an ETF can already be approved.

[Fundamentals Of]

Not necessarily, I don't agree that this generally means that Bitcoin is now increasingly perceived as an asset for long-term holding rather than an asset for speculation or for trading on exchanges. Volatility levels are volatile themselves. They change all the time. That Bitcoin is for long-term holding is also not new. It has been an idea among many for many years already.

There are reasons for this year's low volatility. It could be that many are staying away from exchanges given what happened in the past recent months and years. Many are probably staying low temporarily. Or big institutions are not very active this year considering the regulatory uncertainty right now. Certain economic factors could also be a reason. And many more.

[yhiaali3]

It is good news to see that 2023 is the least volatile year for Bitcoin, but it may not be so for speculators.

In any case, this indicates, in my opinion, one of two possibilities: Either people have begun to believe that Bitcoin is an asset to hold in the long term, or most people are waiting for the halving in 2024 and expect Bitcoin to reach a new peak, so they do not want to sell now.

Personally, I hope the first possibility is correct. People realizing that Bitcoin is an asset to hold for the long term will dampen Bitcoin's volatility and help accelerate global adoption.

[adaseb]

Yes it’s pretty typical to what we saw in 2019 and 2014-15 right after huge price gains. Basically whenever we had a bullish year the following year is bearish and later on in the year the volatility is gone.

People basically give up because price is not going up, even down, just trades sideways and people sell out of boredom pretty much and move on to something else. We are seeing that right now pretty much. Volatility is crazy low for crypto right now.

[summonerrk]

Not necessarily, I don't agree that this generally means that Bitcoin is now increasingly perceived as an asset for long-term holding rather than an asset for speculation or for trading on exchanges. Volatility levels are volatile themselves. They change all the time. That Bitcoin is for long-term holding is also not new. It has been an idea among many for many years already.

There are reasons for this year's low volatility. It could be that many are staying away from exchanges given what happened in the past recent months and years. Many are probably staying low temporarily. Or big institutions are not very active this year considering the regulatory uncertainty right now. Certain economic factors could also be a reason. And many more.

I agree with you, bitcoin has always been perceived as an asset for long-term storage, this has not happened now, but it has always been so. I think on the contrary, many market players realized that it is good to speculate with bitcoin, and froze in anticipation of good positions to buy or sell. Unfortunately, the days have passed when 90 percent of players expected that cryptocurrencies would change the world. Now everyone has realized that this is primarily a means of earning money, especially for whales.

[adultcrypto]

Volatility in the Bitcoin market shows the lowest result in the last 10 years:

I'm not surprised one bit as this simply shows the uncertainty perception of people regarding Bitcoin is reducing. When people are not sure of something, they are poised to making aggressive decisions but the reverse is the case when you know what you are getting involved in. In other words, people are getting wiser by the day as the knowledge and awareness of Bitcoin continue to increase.

2023 turned out to be a relatively calm year; over the past 9 months there have been no strong dumps or major pumps. In general, this may indicate that Bitcoin is increasingly perceived as an asset for long-term holding, and not just another speculation for trading on the exchange. This is also evidenced by data that the number of bitcoins in illiquid wallets continues to increase. At the moment it is more than 14,500,000 BTC:

Looking at this from another dimension,  2023 did not record much news that can shake the market so I will not be surprised that the market is calm. Unlike 2024, I expect both the volatility and  trading volume to rise significantly following the halving and possible approval of some of the major Bitcoin ETFs.

[icalical]

I think Bitcoin have gain more popularity to the level that people no longer go into panic selling when any negative news about Bitcoin came up, people mostly sees it as a long time investment, that's why it's displaying less volatility.
Investors have more faith now in Bitcoin because it always fight back in value no matter how the price depreciate.

Well, more people realized that. But definitely not all of them. There are still a lot of people who want to enter the crypto world to become rich quickly, fail to do that, and abandon it forever or for a long time.

I think those kind of people who hope to get rich quickly by hoping and speculating on Bitcoin volatility will not ceased to exist, and it's not only Bitcoin, those kind of people will come and go and then comeback when the Bitcoin shows some movement. I am not saying they are bad, but I just prefer that bitcoin will be more stable with wider adoption as currency, because it's the initial purpose of Bitcoin.

[Davidvictorson]

Yes many people now treating Bitcoins as long term investments only. Another reason for which we aren’t seeing more trades because they know that in 2024 Bitcoins will touch new All time high price. Hence for now they are just storing the coins in the wallet and not touching it. We might see ups and downs in the price of the coin during the last of November and December, as people are will try to accumulate more Bitcoins at that time for the bull run.

It is about time. The youths in my country are on the side of holding bitcoin long term than spending it. And this is not just happening in my country, it is happening all over the continent. This survey report by Jack Dorsey proves it.¹

While bitcoin's global popularity is undeniable, there's an emerging trend spotlighted in a recent survey conducted by Jack Dorsey's Block, Inc., in conjunction with Wakefield Research: developing nations are displaying a burgeoning optimism around bitcoin.

The survey, covering 15 nations and garnering insights from 6,600 individuals, offers an intriguing snapshot of how bitcoin perceptions are evolving. Between 2022 and 2023, bitcoin underwent substantial price fluctuations. However, instead of being disheartened by these market dynamics, optimism about bitcoin's future has remained higher than skepticism on average. Vietnam, Brazil, China and Mexico led the way with the biggest increases in optimism. Nigeria, India and Argentina saw optimism subdue a bit, but still remain well above average.

This is part of the reasons why there is a drop in its volatility. We the people believe in Bitcoin.
1 https://bitcoinmagazine.com/culture/bitcoin-optimism-rising-in-developing-world-despite-price-declines-block-survey

[m2017]

Well, there are still 3 months ahead, so it’s too early to draw conclusions. What if we see a big crash later this year? It’s not that this is foreseen and there are prerequisites (and when could anybody even predict this?), the likelihood of this is minimal, but anything can happen.

If you trust the picture at the beginning of the topic, then the past year 2022 was also, in general, not very volatile for the price of bitcoin without any big changes. This is probably also due to the bearish trend in the bitcoin cycle, which essentially implies a long and slow decline in price.

It would be better if bitcoin was used as an asset for permanent use, as intended by the creator, and not as an asset for long-term storage, but in the end, we have what we have. By the way, this absence of fluctuations in the price of a bitcoin doesn't at all exclude speculation for trading on the stock exchange. One bought, the other sold during the day, which essentially does not affect the current value. I want to say that these actions mutually compensate for fluctuations in the cryptomarket.

[BitDane]

In my experience, it seems that Bitcoin is less volatile this year. I have been involved with Bitcoin for a couple of years. The price seems quite stable, and very rarely are we seeing high volatility. It's most probably because holders don't want to sell and there are fewer new buyers as well. That means buyers and sellers are almost the same; when there is a difference, we see a little volatility. But that isn't countable or volatile compared to other years. I will say it's not bad at all; it's more of a natural growth than a pump dump. People should realise holding Bitcoin is worthy now, and it's just not a pump-and-dump game.

It is possible because people are less likely got affected by news and unsupported hypes now a day. It looks like the market has developed its resistance to minor news and unfounded hypes/FUD. Unlike in the previous years where traders and investors react in every news about cryptocurrency making the price swing too volatile. Just like in the earlier years, we have seen how price greatly increase or greatly decrease when a news comes out to the public.