What you need to understand about Bitcoin

[Wakate]

Before getting started with Bitcoin, there are few things you actually need to understand. First you need to know that the Bitcoin ecosystem allows you to exchange and transact money in so many different ways than you normally do. so before using Bitcoin for any serious transaction, you should be well knowledgeable about how the Bitcoin system works and be fully aware of the problems associated with the fiat system.

Also note the following
1. Note that Bitcoin transaction are irreversible. Therefore one need to be extra careful while doing transaction.
2. The price of Bitcoin is still volatile i.e it does not have a fix price for it market price.
3. It requires your own effort to protect your Bitcoin.

I think I am still very delighted seeing newbies trying to educate us on some certain things we need to know as an holder. There are so many people thaya know the rules but they are not utilizing it at all. We might know what to do at a particular time when the price if Bitcoin is either going up or going down to help us stay in the business without any losses. The price of Bitcoin is quite volatile and we need to know so we don't have to end up thinking the market would always come to when we bought and continue the bull market. If we want to make money from the crypto market, we need to be an holder.

[kawetsriyanto]

You can find volatility in all markets, big or small volatility only.

It is simply impossible to avoid volatility. Volatility is a part of the price growth.

Volatility is key for traders and investors to get profit from their trading or investment. Without volatility, we will have a stable market that can be considered as dead market that won't benefit anyone.

Yep. People are interested in crypto investment because of the high volatility. If there is no volatility, people should prefer to invest in Gold and lands. Sure, people will be difficult to take profits if the market is getting stable. No volatility means no profits anymore, so crypto market may be left by people.

The big difference between Bitcoin and altcoins or traditional assets like stocks is with Bitcoin, you will not have things like depeg or bankruptcy. You might have risk to lose money with altcoins and depegs, bank stocks, bank savings and bankrun, bankruptcy. If you choose Bitcoin to store your money in it, you will be safe. It's not 100% safe because there is always risk so is Bitcoin, but it's safer in my opinion, while you can have good chance to get very good profit.

Note that investing in Bitcoin is also risky. However, the risk is smaller because Bitcoin price history is quite clear and it is like the main coin in crypto. People will always favor Bitcoin, the demand on this coin will be always good. So we don't need to feel worried about the demand on Bitcoin in the next years. Sure, no 100% safe, we always can get losses if we choose the wrong way in investing.