Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: vishaljais on April 08, 2024, 03:10:46 PM
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
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A 5- 10% volatile swing is just an everyday event that can happen for no reason at all and people will start to speculate and try to tie the knots.
As of now people assume the reason for the small surge is asset managers from China applying for ETFs but to me it's just a effect before the having event and we still due for big jump in the price before having then it will starts to correct.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
There is no simple answer on this question.
Big players are moving coins around, some of them are selling and others are buying, but there is also leverage trading and liquidations.
I am expecting volatility to continue increasing in future because of upcoming bitcoin halvening.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Bitcoin price volatility is no longer a secret. In fact, this is one of the characteristics of Bitcoin on the market, which everyone knows. And it is because of this that Bitcoin is also very worth it for both days and short terms. Now the problem is for people who still don't really understand this volatility, of course it can make them panic and also stress with price changes in Bitcoin which sometimes occur very quickly.
(https://talkimg.com/images/2024/04/10/jdZa3.jpeg)
https://coinmarketcap.com/currencies/bitcoin/
Look, even in just 24 hours, the price difference can be quite large. We can also see what the ATH (highest price) and ATL (lowest price) price of Bitcoin is in 24 hours. Sometimes they are quite different. This is what short term holders use to take profits.
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A 5- 10% volatile swing is just an everyday event that can happen for no reason at all and people will start to speculate and try to tie the knots.
As of now people assume the reason for the small surge is asset managers from China applying for ETFs but to me it's just a effect before the having event and we still due for big jump in the price before having then it will starts to correct.
Yes, and will say that if we go to that range, maybe we are already in a correction. For me a 3% is what we call swing, higher than that it could be technically called correction.
But in any case, it's either we take advantage of it or not. For a good trader, they can see it in a pattern and maybe will go for buy or sell to make quick money out of this volatility. Just pure taking profits for now, and then we go buy the dip again before the halving which is just around 9 days from now if I'm not mistaken.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Cryptocurrencies are volatile by nature, and this volatility can be both, rewarding and damaging at times because when we talk about volatility, there is positive and negative volatility which means the prices can go up and down. From $69k to $72k is just a $3k uptrend movement which isn't that much and this can happen without much of a reason and only a little bit increase in the asking prices by the buyers.
However, we know that the halving is just around the corner and the market tends to be more unstable during these times, so it can also be an effect of the halving event coming up but can be another reason as well.
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But in any case, it's either we take advantage of it or not. For a good trader, they can see it in a pattern and maybe will go for buy or sell to make quick money out of this volatility. Just pure taking profits for now, and then we go buy the dip again before the halving which is just around 9 days from now if I'm not mistaken.
Now that the fluctuations continue to occur, and the price is indeed back again in the $70k area,
if you can take advantage of the situation when the decline occurs to $65k, then there will be little profit gained.
But I am not so bold to sell now, I just buy and continue to buy when the price continues to fall.
The main target remains an irreversible target.
Rather than having to sell early, I choose to hold and fill my bags when prices are cheaper.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Anything can be, but mostly this has to do with the market demand and supply, bitcoin has always been volatile, if we invested and trades, we are likely to make some earning from it because you are likely not to be able to predict the market performance by the way you see it appear, but those you're seeing investing were also taking the risk to make their earnings, we are also close to the halving now, we should expect more of this as usual, that is why we are on a volatile network with bitcoin.
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Anything can be, but mostly this has to do with the market demand and supply, bitcoin has always been volatile, if we invested and trades, we are likely to make some earning from it because you are likely not to be able to predict the market performance by the way you see it appear, but those you're seeing investing were also taking the risk to make their earnings, we are also close to the halving now, we should expect more of this as usual, that is why we are on a volatile network with bitcoin.
Well, the market has been pretty irregular this time around, so we can't be sure what the halving event might bring, it may make Bitcoin and other cryptocurrencies go up but it can also make them go down because we have seen unusual movements in the market in the last couple of months. That being said, just like others, I'm optimistic that the price of Bitcoin will go up after the halving event.
To be honest, I feel that we might see the actual effects of a bull run only in 2025, and this year we won't see that much price action from Bitcoin or other cryptocurrencies, we might even see them going into correction mode by the end of the year.
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Well, the market has been pretty irregular this time around, so we can't be sure what the halving event might bring, it may make Bitcoin and other cryptocurrencies go up but it can also make them go down because we have seen unusual movements in the market in the last couple of months. That being said, just like others, I'm optimistic that the price of Bitcoin will go up after the halving event.
To be honest, I feel that we might see the actual effects of a bull run only in 2025, and this year we won't see that much price action from Bitcoin or other cryptocurrencies, we might even see them going into correction mode by the end of the year.
My thoughts exactly, if the market is expecting a huge fall we see a rise and vice versa. Yes Bitcoin is volatile but the past week has been unstable always moving from $67K-$71K range. After the halving there should be more volatility. Even a day or two to halving we can either expect a fall or a rise.well thinking short term shouldn't be the goal but the need to maximize profit makes us want to buy cheaper when we know it's mid to long term target are bullish.
The today's volatility occurred the same way others usually do. If Bitcoin falls because of a news it recovers after the news passes by. CPI report was released yesterday which caused the fall. Now is passed people are packing in. When it's unable to beat $73K investors will bail away from the market falls below $68K and they start rushing in. We have been experiencing a circle since then.
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This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
There is no question that Bitcoin (and the whole cryptocurrency market, for that matter) is one of the most volatile assets one can get into...there is no comparison for it and if one is to look closely at its volatility there are many factors for this occurrence and on top of that is the demand and supply dynamics, investor and user sentiments, government regulations, and media hype. Of course, lately we have seen how ETF market has become a big force for the sharp rise of its rise due to demands from these platforms as the indirect result of their clients' business. And when there is a strong confluence when most of these factors you can really feel its ups and downs happening all over. This has been the defining characteristic of Bitcoin and one of the top features that makes it a very exciting, rewarding, exhilarating and animating asset to do business with. During this bullish season, expect the price to change in some seconds either going north or going south...and with this kind of a set-up many traders are taking advantage of the opportunity to make money. Are you one of them?
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Supply and Demand. That's all to it. There are more buyers than sellers hence, the price increased.
There are no significant events that happened in the last few days and TBH, this kind of market movement are pretty much normal especially if you're into crypto for a long time, and you've seen how the market is moving. You will also say that a ~$3,000 price increase or decrease is a very normal scenario.
Other factors that contribute to price change? This isn't related on what happened a few days ago, but this is in general. Factors such as the news can be one. Significant events can be one as well like the recent Spot Bitcoin ETF being accepted, and the upcoming Bitcoin halving event, and many more.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Though decentralized, bitcoin's market can also be manipulated by the whales thus causing its price volatility. Good thing if we can ride positively the price wave but in you are on the opposite end then your millions could go easily to zero if you are trading this crypto.
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Many people are discussing the fact that the market is going up and down, but I think that this volatility of the market is not much of a problem no matter what you discuss. There must be such volatility in the market because the market will not only increase and the market will not only dump. If some candles in the market are positive and some candles are negative, then it can be seen that the market consensus is maintained. But the problem for us is that we get flustered by small fluctuations in the market which should not be at all. We have to be patient and see this volatility as normal.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
The first is of course because the volume of transactions and also the amount of ownership are quite unequal, this is due to its decentralized nature, so that there is no centralized party who controls it fully. the law of demand and supply really applies and is very sensitive.
Market manipulation is also the main trigger for very rapid price fluctuations. yes... in essence, this is an asset with high risk, because wallets with large balances are always under public scrutiny, if it is detected that the wallet is active, then there will most likely be a slight shock to market conditions.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
And now it drops even further, to $66,850. But isn't it something new that Bitcoin is very volatile? So, we don't need to be surprised or even panic. Because yes, Bitcoin is volatile, even very volatile. Sometimes even within 1 hour, the changes are quite drastic, so this is used by traders. However, it is also very risky because volatility can result in losing money too. So, this will again depend on each individual to handle it.
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On a daily bases, there are millions of people who are buying Bitcoin regularly, so, there is always a steady in-flows and out-flow of money which contributes to the daily market swing of Bitcoin. If there is a huge push up in price or a downturn of the market, that is when people will actually begin to look for the factor that contributed to such dump or pump but for the normal little price volatility, it's normal for Bitcoin's volatile nature and it's caused by demand. Other factors that contributes to high volatility is either a good economic news, huge dump by whales or when huge sum in also bought, etc.
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There is bound to be such volatility in the Bitcoin market and the volatility you mentioned is very normal. The higher the value of a coin, the more volatile the market will be. Since the price of bitcoin is between 70 thousand dollars and 72 thousand dollars, the candles of these coins will change by one dollar, ten dollars or twenty dollars, but the other coins that have a lower market value change by a few cents. I think there is no need to get too excited about this volatility in the market. Such volatility in the market is not new, there is such volatility in the Bitcoin market as well as in the market of all other coins, so we must take this issue as normal.
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It truly is volatile because it also depends on the market. It can swing wildly over short periods. We cannot rest assure that all the time its value would remain the same because there are factors that is needed to consider. And that is now in the hands of the one investing because high volatility may be a risk but can also be a good investment for long term.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
And now it drops even further, to $66,850. But isn't it something new that Bitcoin is very volatile? So, we don't need to be surprised or even panic. Because yes, Bitcoin is volatile, even very volatile. Sometimes even within 1 hour, the changes are quite drastic, so this is used by traders. However, it is also very risky because volatility can result in losing money too. So, this will again depend on each individual to handle it.
Only newbies and inexperienced traders and HODLers would fumble in the face of a DIP. Experience teaches us that volatility is part of the things that makes bitcoin really special and different from most other assets and it's the reason why Bitcoin has attained such an exceptional height and still aiming for greater height.
Rather than panicking in the middle of a DIP, experience has taught us to use it to our own advantage, so while others are panicking and some are selling off their holdings, you as an experienced HODLer uses that as the best opportunity to buy more Bitcoin and HODL more.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Bitcoin is a volatile cryptocurrency, you cannot accurately predict on what may comes in after with its market price, there is more that is going to occur along this halving period with bitcoin, we should always expect bitcoin to perform well and this will only be to the best of of our interest if we had earlier invested in it, when the market rises, we earn through such and make profits on our investment.
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There is bound to be such volatility in the Bitcoin market and the volatility you mentioned is very normal. The higher the value of a coin, the more volatile the market will be. Since the price of bitcoin is between 70 thousand dollars and 72 thousand dollars, the candles of these coins will change by one dollar, ten dollars or twenty dollars, but the other coins that have a lower market value change by a few cents. I think there is no need to get too excited about this volatility in the market. Such volatility in the market is not new, there is such volatility in the Bitcoin market as well as in the market of all other coins, so we must take this issue as normal.
Volatility is not an issue if someone understands it, and it is something to be excited about because volatility is the reason why we make a profit in the market, imagine what would happen if all cryptocurrencies become stagnant all of a sudden, with no movement at all, will that be exciting? Of course not, it will be extremely boring, and investors and traders will start moving to other financial markets because no one would stay in a market that doesn't generate any profit.
So volatility is good, both positive and negative volatility are good. If you have already bought your desired assets and have your bag filled, you will enjoy positive volatility, and if you have not yet bought anything or want to buy more, you will enjoy negative volatility.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Anytime Bitcoin is in bull run, the volatility is usually high so expect the price to jump from $60k to $70k under 24 hours, if such move can increase in such time then it shouldn't surprise you when Bitcoin dump in the same manner because bull run possess high volatility. It it was during the bear market, Bitcoin doesn't pump like that and it can't dump like this unless there is a very terrible news going on in the market.
As got the cause of the dump, when halving day is closed by its always expect for Bitcoin price to make some correction to some new supports for short term.
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Indeed BTC is highly volatile, I don't remember the exact reason for such a pump as I am replying quite late, but hey we are a few hours away from halving, and BTC is highly volatile still, As morning it was around $60k and now it's trading at $64k. I am shocked as I was expecting before halving it would touch the $58k target and then move down to $53k in the worst-case scenario. Well, BTC's volatility totally depends on Demand and Supply, and currently, the demand is high and is changing continuously but the supply is going to be cut.
So it's the major reason that BTC is highly volatile, BTW what are your expectations or what the reader of this post thinks about bull run, like when it can start after halving? I think BTC will start to lose its value more after halving as demand will decrease more and supply is already decreasing and it gives the vibes that it will consume the decrement but I think it won't.
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Volatility happens to be one the most amazing features that makes bitcoin and a few other altcoins to stand out from the normal traditional fiat.
Bitcoin's value is highly unpredictable which actually has its advantages and disadvantages too. Bitcoin has the potential for huge profits but the impossibility to actually predict the market is what makes it pretty hard on one hand and on the other hand makes bitcoin investment a lot more interesting and adventurous.
Bitcoin's Volatility could actually be turned to your own advantage of you master the act of HODLing for a very longtime, even when the market experiences some shocking DIPs, that's the easiest way you can actually reap the actual reward bitcoin has to offer
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Bitcoin is a volatile cryptocurrency, you cannot accurately predict on what may comes in after with its market price, there is more that is going to occur along this halving period with bitcoin, we should always expect bitcoin to perform well and this will only be to the best of of our interest if we had earlier invested in it, when the market rises, we earn through such and make profits on our investment.
A lot of investors are already in deep panic, considering the current market situation, and sometimes I just ask myself whether they really understand the term Volatility and Long-term. Because understanding these two concepts will help anyone understand the market and how it works.
Bitcoin has had more serious DIPs than this in the past, but the most important thing is that it always recovers and establishes new ATHs and this is the most important aspect of Bitcoin.
Again, understanding the fact that Bitcoin is a long-term investment will also make you look beyond the short-term fluctuations and focus more on the long-term trajectory.
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Volatility happens to be one the most amazing features that makes bitcoin and a few other altcoins to stand out from the normal traditional fiat.
Bitcoin's value is highly unpredictable which actually has its advantages and disadvantages too. Bitcoin has the potential for huge profits but the impossibility to actually predict the market is what makes it pretty hard on one hand and on the other hand makes bitcoin investment a lot more interesting and adventurous.
Bitcoin's Volatility could actually be turned to your own advantage of you master the act of HODLing for a very longtime, even when the market experiences some shocking DIPs, that's the easiest way you can actually reap the actual reward bitcoin has to offer
Yes, if Bitcoin is a stable coin, many people will still reject it today. Because of the volatility, investors are encouraged to invest in it because of the possible long-term profit when the price rises significantly. The creator of Bitcoin was so smart in thinking about the mechanics. If Satoshi were present today, many people would thank him for creating Bitcoin, which has changed countless people's lives.
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Yes, if Bitcoin is a stable coin, many people will still reject it today. Because of the volatility, investors are encouraged to invest in it because of the possible long-term profit when the price rises significantly. The creator of Bitcoin was so smart in thinking about the mechanics. If Satoshi were present today, many people would thank him for creating Bitcoin, which has changed countless people's lives.
High volatility is not enough, we need something more important from BTC: a price that consistently increases over time and BTC investors will profit from holding for more than 4 years. This is completely different from memecoins: their volatility is also very high, but we do not see stable growth in their price chart.
I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.
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Yes, if Bitcoin is a stable coin, many people will still reject it today. Because of the volatility, investors are encouraged to invest in it because of the possible long-term profit when the price rises significantly. The creator of Bitcoin was so smart in thinking about the mechanics. If Satoshi were present today, many people would thank him for creating Bitcoin, which has changed countless people's lives.
High volatility is not enough, we need something more important from BTC: a price that consistently increases over time and BTC investors will profit from holding for more than 4 years. This is completely different from memecoins: their volatility is also very high, but we do not see stable growth in their price chart.
I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.
Yes, but I guess in the beginning, everyone here is concern about Bitcoin's volality as this is the first time that we have seen this kind of investment or asset. Although I have some stocks as well, but didn't know at the start that there's a lot of ups and down.
But then when we gain experience and uses it, then we identify strategies like DCA and HODLing or even trading to be a better options and then not worry about what the market will throw at us. And then the cycle itself, we undestand how to take advantage of a bear market, which for some they don't wanted to see. But for us, it's that time to accumulate as we can buy cheap Bitcoin and wait for the next cycle to occur before we sell and make profits.
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But then when we gain experience and uses it, then we identify strategies like DCA and HODLing or even trading to be a better options and then not worry about what the market will throw at us. And then the cycle itself, we undestand how to take advantage of a bear market, which for some they don't wanted to see. But for us, it's that time to accumulate as we can buy cheap Bitcoin and wait for the next cycle to occur before we sell and make profits.
For those people who understand the sentiment of Bitcoin may think about this because they know that Bitcoin is quite good if you will hold it for a long-term purpose, not a short-term holding. The opportunity to make a profit will always be there even though how the price volatility is high because we know that Bitcoin always makes an ATH price when the right time comes.
A market correction is a truly great opportunity to enter the market and doing DCA is always a good idea.
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Bitcoin's Volatility could actually be turned to your own advantage of you master the act of HODLing for a very longtime, even when the market experiences some shocking DIPs, that's the easiest way you can actually reap the actual reward bitcoin has to offer.
I don't think Bitcoin will be as famous today if there is no volatility attached to it. We have to remember that volatility can mean the asset can go up or go down in no time at all...and we have to understand that within volatility there is always that opportunity to make money and traders know and fully grasp this concept and they are taking advantage of it. Now, if Bitcoin has been running like gold, I don't think there can be more people to get interested with it as an asset as right now Bitcoin definitely is more popular than gold (though gold is way so above in marketcap). The most important thing to do is to continue investing with Bitcoin and then hold for a long time...so take advantage if there is an obvious dip in the market and be a winner years from now.
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Yes, if Bitcoin is a stable coin, many people will still reject it today. Because of the volatility, investors are encouraged to invest in it because of the possible long-term profit when the price rises significantly. The creator of Bitcoin was so smart in thinking about the mechanics. If Satoshi were present today, many people would thank him for creating Bitcoin, which has changed countless people's lives.
High volatility is not enough, we need something more important from BTC: a price that consistently increases over time and BTC investors will profit from holding for more than 4 years. This is completely different from memecoins: their volatility is also very high, but we do not see stable growth in their price chart.
I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.
As days go by, we learned that volatility is not enough. And if the coin is so volatile there is a high risk. So we also need sustainability in the price and we all know it won't happen overnight. I also think Satoshi knows and expected it already. In the first launched of Bitcoin, Satoshi don't want to hype Bitcoin because he wants to develop the sustainability of its price. Imagine, if most supply of Bitcoin own by a one person, he can easily dump the price and that is what Satoshi doesn't want to happen. Look at Bitcoin now, the price is sustainable.
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I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.
Volatility is one reason we get a chance to buy the dip. Many of us look for a chance to buy more once the market goes up and regret not buying when the price is low. Fortunately, the market has moved in both directions over time, and we have had a chance to buy cheap coins. One of my friends, "Crypto Library," was telling me that I was looking for a dip to accumulate more. But unfortunately, when the market moves to lower trend, we wait for further dump and miss that opportunity again. ;D
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Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
There is no fixed rule stating that the price of Bitcoin will always go up, the price of Bitcoin is uncertain and it is normal for it to go up and down. But it's a bull market every four years, realizing this cycle that Bitcoin prices can reach highs. The Bitcoin ETF approval was the reason why the Bitcoin group reached its peak in April 2024. As the price of Bitcoin has reached its all-time high, it is now just waiting for the next bull run to begin.
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I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.
Volatility is one reason we get a chance to buy the dip. Many of us look for a chance to buy more once the market goes up and regret not buying when the price is low. Fortunately, the market has moved in both directions over time, and we have had a chance to buy cheap coins. One of my friends, "Crypto Library," was telling me that I was looking for a dip to accumulate more. But unfortunately, when the market moves to lower trend, we wait for further dump and miss that opportunity again. ;D
Inasmuch as Volatility has its advantages, it also has its disadvantages too, Volatility has made the market really unpredictable, and for those who prefer to time the market, it can be really disadvantageous to them as they can not really predict exactly when the price is low enough to buy more and when the price is high enough to sell, one can end up buying, thinking its the lowest the coin can go and then end up seeing more reds, thereby resulting to losses, and one can also end up selling at a price he feels he's made enough profits, and then the real bull run kicks in and he regrets selling.
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Inasmuch as Volatility has its advantages, it also has its disadvantages too, Volatility has made the market really unpredictable, and for those who prefer to time the market, it can be really disadvantageous to them as they can not really predict exactly when the price is low enough to buy more and when the price is high enough to sell, one can end up buying, thinking its the lowest the coin can go and then end up seeing more reds, thereby resulting to losses, and one can also end up selling at a price he feels he's made enough profits, and then the real bull run kicks in and he regrets selling.
Do you believe that being unpredictable is good? I believe that it is good that the crypto market is not predictable. Otherwise, people with more money will always have more money, and poor guys will never be able to make money. If people can predict the future market, they will loot the market, and there will be nothing for average people. It is the nature of cryptocurrency, not only Bitcoin.
You and I sometimes make money just because others made mistakes. Have you ever considered how we profit from the crypto market and where the money comes from? Of course, others are investing in it and losing, which is why we can profit. If everyone holds and does not sell, the market won't move, and it won't be volatile. I am saying this because I want to point out that everything has two sides. Positive and Negative.