Bitcoin Votality

[Sim_card]

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.

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.
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.

[Dr.Bitcoin_Strange]

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.
So rather than to consider bitcoin for its short term benefits by going into short term trading, which is can easily incur some losses, it'll be more appropriate to hodl for the longterm.

[sampoerna]

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.

I really salute the holders who have been holding for years even though they have gone through a bullish period, they still hold on to hold. Or for people who hold for 5 years of cycles, meaning by taking advantage of the bearish and bullish cycles, this is also the point because they believe that there will be a time when BTC will rise again, passing and reaching a new ATH. So that over time, BTC will be much more valuable.

And the hope is 1, BTC is used as a means of payment for various countries, that is also one of the goals, even the main goal.

[Aanuoluwatofunmi]

Bitcoin volatility in determining for the market price is what we should as very important as something needed with an urgent demand, because this is what will determine on whether we make profits or loss, this is more of being able to understand the way the network operates, the market price and the nature of how volatile bitcoin is, when it is highly volatile like we do have, then we know that something is about to take place and we have to get prepared for it.

[Dr.Bitcoin_Strange]

~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.