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Basic Questions about Cryptos / Re: Bitcoin Votality
« on: Today at 02:48:21 AM »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.