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.
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.
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.
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?
-snip-Now that the fluctuations continue to occur, and the price is indeed back again in the $70k area,
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.
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.
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.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.
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.
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?
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.
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?
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.
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.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.
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 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.
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?
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.
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.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.
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.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.
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.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.
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.
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.
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.
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.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.
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.
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?
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.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.
-snip-This is very conditional in my opinion, even though old wallets with a lot of bitcoins are starting to move,
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.
Indeed, it's only fair that the crypto market doesn't only benefit a particular set of persons or favours some persons over the others, it gives everyone the same opportunity to earn according to their equivalence, everyone have exactly the same advantages and opportunities to earn, because everyone share the same risks, whether rich or poor, they both risk their money and both share the possibility of losses and gains.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.
Many could not identify the reason why bitcoin is volatile, because in this is the reason why some will have to make profit from it while some other people investing will also find an entry point in it to invest and hold, bitcoin is not a fix value digital currency, instead, we need to study and know the best position and time we are going to invest, in bitcoin, we need to acquire for its knowledge before investing in the volatile currency.
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. ;DWell, I don't think high volatility is a condition for us to buy-the-dip. Accumulation of assets can be done even in less volatile markets, such as commodities or stocks. High volatility only brings the opportunity for higher profits and larger losses in a short period of time.
Everything about bitcoin starts from learning and discovery, if we understand what is being required of us to know about bitcoin, then we are going to realized the reason for every event and activities happening in the crypto networks and we are going to make use of them for our own source of information in knowing what to do, understanding bitcoin volatility is also important because it helps us know how to speculate well on the right and appropriate time for making an investment.Very true.
A good example is the bitcoin halving and its effects, a lot of people had crazy misconception of the halving and its effects, it's true that the halving brings good tidings to the price of Bitcoin but fail to realize that this process often takes time before it can be implemented. For those who were misinformed, ended up acting too early due to FOMO and it landed them in loss, making them feel that bitcoin is scam or the halving has no effect on Bitcoin price.
Now, when a person is just starting the best thing to do is to start small and HODL for some time to feel the market dynamics before diving for more into the sea, so to speak. A learned guy on Bitcoin will not anymore be shocked with its high volatility and will take it as an opportunity to make more money.This is the best practice to be able to study volatility.... there is no need to immediately use large amounts, remembering that at the beginning of each person's journey, it is necessary to analyze the risks first with small amounts of money. However, to date there is still a lot that is wrong about their response to the cryptocurrency market. My assumption is, they were instigated by screenshots shared on social media which showed huge profits of up to hundreds of% with Bitcoin. However, the big mistake is that these are the results of trading, while the process to get them is not included either. so many new people think that trading is easy. Even though the process of becoming a trader who is always profitable is very difficult.
Sometimes it's really not their fault.A good example is the bitcoin halving and its effects, a lot of people had crazy misconception of the halving and its effects, it's true that the halving brings good tidings to the price of Bitcoin but fail to realize that this process often takes time before it can be implemented. For those who were misinformed, ended up acting too early due to FOMO and it landed them in loss, making them feel that bitcoin is scam or the halving has no effect on Bitcoin price.
People who are assuming those things on Bitcoin have no business in the Bitcoin market because certainly they failed to educate themselves first of the ins and out of this digital asset. For all the excitement that Bitcoin can offer to anyone whether a trader or an investor, there is some learning curve that one has to invest time to learn with. And failure to do so can mean that there is more chance of getting nowhere and even losing some money as FUD can easily come in as a big influencer of one's decision pattern. Now, when a person is just starting the best thing to do is to start small and HODL for some time to feel the market dynamics before diving for more into the sea, so to speak. A learned guy on Bitcoin will not anymore be shocked with its high volatility and will take it as an opportunity to make more money.
Sometimes it's really not their fault.A good example is the bitcoin halving and its effects, a lot of people had crazy misconception of the halving and its effects, it's true that the halving brings good tidings to the price of Bitcoin but fail to realize that this process often takes time before it can be implemented. For those who were misinformed, ended up acting too early due to FOMO and it landed them in loss, making them feel that bitcoin is scam or the halving has no effect on Bitcoin price.
People who are assuming those things on Bitcoin have no business in the Bitcoin market because certainly they failed to educate themselves first of the ins and out of this digital asset. For all the excitement that Bitcoin can offer to anyone whether a trader or an investor, there is some learning curve that one has to invest time to learn with. And failure to do so can mean that there is more chance of getting nowhere and even losing some money as FUD can easily come in as a big influencer of one's decision pattern. Now, when a person is just starting the best thing to do is to start small and HODL for some time to feel the market dynamics before diving for more into the sea, so to speak. A learned guy on Bitcoin will not anymore be shocked with its high volatility and will take it as an opportunity to make more money.
Some get caught up with the excitement around Bitcoin and it's potential for profitability, and this could make a person forget to do proper research about Bitcoin.
And again, you know one can never learn everything by doing researches, sometimes you need to make certain mistakes and then gain experiences from this mistakes.
Experience they say are the best teachers, and that applies also in the crypto world.
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.Yes, newbies and inexperienced people will have a bigger chance to fail. But those experienced people who have no patient, they will also have the chance to fail as well. So only people who have good patient and experience that will have a chance to succeed. However, the knowledge has a big role, too. People who have no knowledge, they probably become not patient because they don't feel optimistic about the future of Bitcoin. They will easily panic and sell for losses.
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.Smart people will take the advantage from the dip. They will accumulate Bitcoin as many as possible. The red market won't last forever, it may change to green market after few months. So they won't miss the chance to buy Bitcoin at cheap price whenever there is big dump in the market.
Smart people will take the advantage from the dip. They will accumulate Bitcoin as many as possible. The red market won't last forever, it may change to green market after few months. So they won't miss the chance to buy Bitcoin at cheap price whenever there is big dump in the market.Even some investors who already have several years of experience in the crypto world still fall into the traps of the volatility. Even with several years of experience, some investors are still tempted to sell during a DIP or buying in the middle of a bull run, and they end up making terrible mistakes due to FOMO.
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.Don't make someone too confident without telling them the facts... some people who are involved in Bitcoin trading have also experienced defeats, resulting in losses because maybe they don't have the experience and mentality of buying and selling in cryptocurrency. Bitcoin may be profitable now, because since the beginning of the year, the price of Bitcoin has now been bullish from $35k to $70k... of course you are happy now if you have had bitcoin for a long time.
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.Not to all. :)
Market volatility is one of the things that makes cryptocurrency investment so dynamic and different from other forms of investment, and Volatility can only be a problem when an investor has invested on the wrong coin (shitcoins) and when an investor lacks the patience and always considering the short-term benefits of the investment.Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.Not to all. :)
If you will ask all of the investors with regards to volatility, there will always be some who will be saying that they lost huge amounts of money because of volatility.
Volatility is a double-edged sword, and it will depend on us an investor on how we maximize it. Many made huge money because of it, but many lost their money because of it as well. Like you said, being patient is what we need to do in order for us to make profit not only with Bitcoin or crypto, but in all asset classes. Also, don't mind what's happening with the market, and just focus on investing. Focus on Dollar-Cost Averaging. Just ignore the noises around and focus on your strategy. :)
It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.Market volatility is one of the things that makes cryptocurrency investment so dynamic and different from other forms of investment, and Volatility can only be a problem when an investor has invested on the wrong coin (shitcoins) and when an investor lacks the patience and always considering the short-term benefits of the investment.Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.Not to all. :)
If you will ask all of the investors with regards to volatility, there will always be some who will be saying that they lost huge amounts of money because of volatility.
Volatility is a double-edged sword, and it will depend on us an investor on how we maximize it. Many made huge money because of it, but many lost their money because of it as well. Like you said, being patient is what we need to do in order for us to make profit not only with Bitcoin or crypto, but in all asset classes. Also, don't mind what's happening with the market, and just focus on investing. Focus on Dollar-Cost Averaging. Just ignore the noises around and focus on your strategy. :)
Volatility is an inevitable part of the crypto market which infact actually makes the market very profitable when an investor learns to use its effects to his own advantage.
It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.Apparently, losses are inevitable in the crypto market, people who benefits or gains, do so at the expense and losses of others, so people will continue to lose and so would people also continue to gain, so it's up to every investor to choose where you'd like to be, if you'd benefit from others' losses or let others benefit from your losses
It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.Apparently, losses are inevitable in the crypto market, people who benefits or gains, do so at the expense and losses of others, so people will continue to lose and so would people also continue to gain, so it's up to every investor to choose where you'd like to be, if you'd benefit from others' losses or let others benefit from your losses
When it comes to crypto investments, the safest and most reliable so fàr remains Bitcoin, so every other token, old or new are unsafe and absolutely unreliable.
There's absolutely no technology or attestation to that but we only know that the demands and supplies of Bitcoin is what drags the price of Bitcoin.Demand and supply is a great tool when talking about things that influences and drives the price of bitcoin but besides it, there are many more factors that equally play major roles to drive bitcoin price, there's global economic conditions, there's market sentiments, government regulations, there are also technological advancement to mention but few.
And if I will have a say to that, I Will say it could be a course that probably there was a high volume of demands then.
Demand and supply is a great tool when talking about things that influences and drives the price of bitcoin but besides it, there are many more factors that equally play major roles to drive bitcoin price, there's global economic conditions, there's market sentiments, government regulations, there are also technological advancement to mention but few.Global economic conditions and government regulations are the most influential factors.
-snip-
I am bothered with the spelling of the subject in the post by OP. You know that bitcoin is really “votalile”. Lol.Lol, can you believe I've been on the thread for months, and actively participating in the discussion but it didn't really occir to me or come to my notice that there was a typo error on the thread subject.
Anyway, kidding aside It is important to know that it is a volatile asset that would really help people in different ways. I just hope that everyone could take advantage of its volatility.Indeed, the volatility of Bitcoin is exactly what makes it very profitable, and that's why only those who knows how to use it to their advantage profits from the market, but those who do not know how to navigate the bitcoin market and use the volatility to their advantage always end in loss.
Yes, actually as long as we can take advantage of and optimize volatility, it's actually not that bad. in fact, tarders sometimes like it too. As long as you don't easily panic-attack, and you can control your emotions, this shouldn't bother you too much. The use of volatility by traders is nothing new. 'QuoteAnyway, kidding aside It is important to know that it is a volatile asset that would really help people in different ways. I just hope that everyone could take advantage of its volatility.Indeed, the volatility of Bitcoin is exactly what makes it very profitable, and that's why only those who knows how to use it to their advantage profits from the market, but those who do not know how to navigate the bitcoin market and use the volatility to their advantage always end in loss.
Even some investors who already have several years of experience in the crypto world still fall into the traps of the volatility. Even with several years of experience, some investors are still tempted to sell during a DIP or buying in the middle of a bull run, and they end up making terrible mistakes due to FOMO.
The only way someone can avoid the panic attacks that comes with volatility and temporary market fluctuations is by considering Bitcoin for its long-term trajectory and potentials, in other words, being a HODLer.Yes, actually as long as we can take advantage of and optimize volatility, it's actually not that bad. in fact, tarders sometimes like it too. As long as you don't easily panic-attack, and you can control your emotions, this shouldn't bother you too much. The use of volatility by traders is nothing new.QuoteAnyway, kidding aside It is important to know that it is a volatile asset that would really help people in different ways. I just hope that everyone could take advantage of its volatility.Indeed, the volatility of Bitcoin is exactly what makes it very profitable, and that's why only those who knows how to use it to their advantage profits from the market, but those who do not know how to navigate the bitcoin market and use the volatility to their advantage always end in loss.
Smart people will take the advantage from the dip. They will accumulate Bitcoin as many as possible. The red market won't last forever, it may change to green market after few months. So they won't miss the chance to buy Bitcoin at cheap price whenever there is big dump in the market.Even some investors who already have several years of experience in the crypto world still fall into the traps of the volatility. Even with several years of experience, some investors are still tempted to sell during a DIP or buying in the middle of a bull run, and they end up making terrible mistakes due to FOMO.
The only way someone can avoid the panic attacks that comes with volatility and temporary market fluctuations is by considering Bitcoin for its long-term trajectory and potentials, in other words, being a HODLer.Yes, actually as long as we can take advantage of and optimize volatility, it's actually not that bad. in fact, tarders sometimes like it too. As long as you don't easily panic-attack, and you can control your emotions, this shouldn't bother you too much. The use of volatility by traders is nothing new.QuoteAnyway, kidding aside It is important to know that it is a volatile asset that would really help people in different ways. I just hope that everyone could take advantage of its volatility.Indeed, the volatility of Bitcoin is exactly what makes it very profitable, and that's why only those who knows how to use it to their advantage profits from the market, but those who do not know how to navigate the bitcoin market and use the volatility to their advantage always end in loss.
Because when you HODL for the long-term, you feel less pressured about short-term fluctuations, whether the market is in dip or bearish, as long as you're not after short-term gain but HODLing and aiming for long-term gain, you'll feel less tensed.
People who mostly feel the panic attacks are short-term traders who are only in the market for the short-term profits.
when the start market going down, then comes in Fear, also when Bitcoin start pumping there may be Fear Of Missing Out.(FOMO )Weak hands are always in that cycle, they rush to sell once there is a dump in the price of BTC, and when the market is green and BTC is rising, they rush to buy for the fear of missing out. I always tell people i know not to be like weak hands, believe in BTC, it has use cases and it is not going to fail, buy and hold for the long term.
I really don't understand why someone will sell his or her Bitcoin when there's a dip in Bitcoin, i think that person is not normal because selling your Bitcoin during the dip is a big lost for you and selling it when is up is a gain, i know some people do sell there Bitcoin during the dip especially the newbies and is because they don't understand how Bitcoin works and they don't know the history of Bitcoin and it's growth and that is why they are doing such mistakes, Bitcoin is one of the best investment right now in the world and the best crypto coin and also the first crypto coin to be created, Bitcoin has made a lot of people rich and has changed the economy of the world, people far and near now do business very easy because it has made money transactions very fast and reduced the transaction fees.when the start market going down, then comes in Fear, also when Bitcoin start pumping there may be Fear Of Missing Out.(FOMO )Weak hands are always in that cycle, they rush to sell once there is a dump in the price of BTC, and when the market is green and BTC is rising, they rush to buy for the fear of missing out. I always tell people i know not to be like weak hands, believe in BTC, it has use cases and it is not going to fail, buy and hold for the long term.
people far and near now do business very easy because it has made money transactions very fast and reduced the transaction fees.BTC is great for cross-border payments and tx's, many online freelancers now accept BTC as payments, it makes it easy to transfer money to someone at the other end of the world. However, it may not be the best for micropayments, i.e. for a cup of coffee, especially when tx fees are high due to a congestion in the network, and that is understandable.
But now if the payment option using BTC is enabled, I think this is the right time, because the transaction fee in the mempool is currently very low ... at 3 sat / vB, that means buying a cup of coffee for $ 2 can be done smoothly and the transaction time is also short ... a segwit type wallet is highly recommended at this time.people far and near now do business very easy because it has made money transactions very fast and reduced the transaction fees.BTC is great for cross-border payments and tx's, many online freelancers now accept BTC as payments, it makes it easy to transfer money to someone at the other end of the world. However, it may not be the best for micropayments, i.e. for a cup of coffee, especially when tx fees are high due to a congestion in the network, and that is understandable.
--snip--But now if the payment option using BTC is enabled, I think this is the right time, because the transaction fee in the mempool is currently very low ... at 3 sat / vB, that means buying a cup of coffee for $ 2 can be done smoothly and the transaction time is also short ... a segwit type wallet is highly recommended at this time.
If the fee increases again, of course cash is preferred by consumers ... because there is no fee except for government taxes. What is a little awkward is its volatility, if buyers agree with the volatile nature of bitcoin prices, it certainly makes the transactions that will occur easier.
That's a great point! Due to low price charges in the Bitcoin mempool, it is currently possible to use BTC for microtransactions and other small purchases. One of the main and primary concerns since the inception of the bitcoin is the opportunity to make a speedy and cheap transaction such as making purchases as small as a cup of coffee as you rightly stated. Utilising a Segwit wallet improves the process and safety of doing business due to the additional advantages such as improved security that comes with it. It is encouraging to note that BTC is being applied practically and as such, increases its capability for widespread adoption.But now if the payment option using BTC is enabled, I think this is the right time, because the transaction fee in the mempool is currently very low ... at 3 sat / vB, that means buying a cup of coffee for $ 2 can be done smoothly and the transaction time is also short ... a segwit type wallet is highly recommended at this time.people far and near now do business very easy because it has made money transactions very fast and reduced the transaction fees.BTC is great for cross-border payments and tx's, many online freelancers now accept BTC as payments, it makes it easy to transfer money to someone at the other end of the world. However, it may not be the best for micropayments, i.e. for a cup of coffee, especially when tx fees are high due to a congestion in the network, and that is understandable.
Making up your mind to invest in bitcoin for a long term without thinking of selling when there is little profit kills the high risk in the volatile nature of bitcoin. But if you are a short-term holder or use do not understand the market and have the knowledge of bitcoin that is when you will panic and sell thinking that you are running at loss. You are not yet at loss no matter how dip the price of bitcoin goes until you sell.The only way someone can avoid the panic attacks that comes with volatility and temporary market fluctuations is by considering Bitcoin for its long-term trajectory and potentials, in other words, being a HODLer.Yes, actually as long as we can take advantage of and optimize volatility, it's actually not that bad. in fact, tarders sometimes like it too. As long as you don't easily panic-attack, and you can control your emotions, this shouldn't bother you too much. The use of volatility by traders is nothing new.QuoteAnyway, kidding aside It is important to know that it is a volatile asset that would really help people in different ways. I just hope that everyone could take advantage of its volatility.Indeed, the volatility of Bitcoin is exactly what makes it very profitable, and that's why only those who knows how to use it to their advantage profits from the market, but those who do not know how to navigate the bitcoin market and use the volatility to their advantage always end in loss.
Because when you HODL for the long-term, you feel less pressured about short-term fluctuations, whether the market is in dip or bearish, as long as you're not after short-term gain but HODLing and aiming for long-term gain, you'll feel less tensed.
People who mostly feel the panic attacks are short-term traders who are only in the market for the short-term profits.
Making up your mind to invest in bitcoin for a long term without thinking of selling when there is little profit kills the high risk in the volatile nature of bitcoin. But if you are a short-term holder or use do not understand the market and have the knowledge of bitcoin that is when you will panic and sell thinking that you are running at loss. You are not yet at loss no matter how dip the price of bitcoin goes until you sell.The only people who actually reaps the true benefits of bitcoin are those who consider Bitcoin for its long-term potentials, that is why the Buy and HODL strategy is the most appropriate approach to use when choosing to invest in Bitcoin, it's true that the risks may not completely be 3liminated even with the buy and hodl strategy but this strategy just as you've rightly said has the ability to mitigate losses as well as to save an investor from the panic and impact of the temporary fluctuations of the market which usually causes most inexperienced investors to panic and take some impulsive decisions.
The only people who actually reaps the true benefits of bitcoin are those who consider Bitcoin for its long-term potentials, that is why the Buy and HODL strategy is the most appropriate approach to use when choosing to invest in Bitcoin,exactly true. Bitcoin holders really understand the potential of Bitcoin and believe that Bitcoin is indeed special, it is indeed the current and the future. Not only to invest in money, but also in technology.
~snip~Indeed, Bitcoin is very special and have very unique qualities that beats every other crypto currencies, not just because it's the first ever crypto currency to be introduced into the crypto market, but also, the technology behind it is just so outstanding that it has managed to capture the interest of millions of investors who are confident enough to hodl on to it for a long time, regardless of the temporary fluctuations and trends of the crypto market, even when the market takes a negative trend and declines, they're still very confident that Bitcoin has the potential to recover from any DIP and break through the current ATH and establishing new ATHs, this isn't a feature that any other token or project has, and that's what makes Bitcoin really unique and special.