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Basic Questions about Cryptos / Re: Bitcoin Votality
« on: Today at 03:27:42 PM »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.