Bitcoin Votality

[Dr.Bitcoin_Strange]

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.

I know it's merely a typographical error, which anyone can experience, I just find it quite amusing that I never forget once noticed it, despite being active on the thread, lol.

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.

[vegasus]

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. '

It's just that, some people who may still be new always think that volatility, very significant increases and decreases in prices in unexpected times are really bad results. Again, it depends on what we plan and what strategy we set.

[Makus]

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.

Indeed, we still have experts who fall and make losses via trading and that is why I don recommend trading to anyone because, we never know when changes in the market can occur, and there are times where even Bitcoin network refuses to respond to manipulation on time, so even whales could make mistakes in their trading. But when you employ the use of holding only on Bitcoin investment the risk of losing your money becomes minimal that, you are only affect by volatility and probably mistakes caused by yourself. There is no doubt trading in the hands of a good trader is likely to be profitable than holding but considering the risk tolerance and knowledge it requires for one to make good trading decisions, it's better off you just make your accumulation and hold in peace.

[Dr.Bitcoin_Strange]

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.

[Asiska02]

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.

I don’t blame them because FOMO can happen to anyone no matter how perfect you are and don’t want to be controlled by the market movement. Investors that are experienced and have spent more years investing their assets into bitcoin are sometimes carried away by speculations too and are also scared of whale decisions that can easily trigger the movement of the market.

Some big investors make mistakes and some mistakes are costly that they can’t be reversed again. Selling at dip can also be as a result of their expected target falling below the price it will be at the time of exiting the market or taking partial interest. This is not common though, but in some instances, it can be the case of them selling at dip.

[Baofeng]

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.

That is true, but you really need to experience panic first before you can see the bigger picture. At least you have to suffer in the beginning before you toughen yourself in the market. So it will take time, the beauty of the market is that you can reset anytime.

Or the best case scenario is you buy at bearish trend and then start your journey then. So it will take at least full cycle of 4 years before you realized your gains but it's going to be worth if you are going to hold that long.

[Dr.Bitcoin_Strange]

Bitcoin is the first crypto coin to be created and one of the best crypto investment right now in the world and also the best crypto coin, Bitcoin votality is part of Bitcoin growth and if you check the history of Bitcoin you will see that it has been part of it's growth and that should not even bother you,
One thing that causes Bitcoin to fall and rise is because of those people buying and selling huge amount of Bitcoin, those people are the ones that are making Bitcoin fall and rise when they buy in large quantity the Bitcoin price will rise and when they sell in large quantity the Bitcoin price will fall this is one cause of Bitcoin votality.
One don't have to fear when ever there's a dip in Bitcoin because is just one way in which one can accumulate Bitcoin in a cheap rate, some newbies always panic when  ever there's a dip in Bitcoin and some will go as far as selling off there Bitcoin and end up losing there money and that is why before starting Bitcoin investment you need to first of all know about how Bitcoin works you need to also go through the history of Bitcoin and it's growth it will help you know the right thing to do at the right time.

[Bobcrypto]

When we talk about Bitcoin volatility, I always consider the Bitcoin total supply which just limited to $21 million, a great drive for it's market sentiments in my opinion.
Now, besides the limited supply of Bitcoin, there are many reasons why Bitcoin is volatile. these include, Demand, scarcity, Speculation, FOMO, Fears etc.
The more the increase in users, the more the demand for Bitcoin. In facts, the continue demand for Bitcoin bring about scarcity while big holders(whales)will always try to control the market through speculation. when the start market going down, then comes in Fear, also when Bitcoin start pumping there may be Fear Of Missing Out.(FOMO )

[Z-tight]

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.

[bayu7adi]

Has anyone ever thought that the price spikes that have occurred in Bitcoin several times are also part of the whales' manipulation agenda? This is indeed just like an instinct, but if you look at the movement of the media in leading the market, it seems real, that whales do control the market in their own way which I am even sure is beyond the capabilities of ordinary people.

They shape supply and demand according to their will, so that price control can occur.. connections with important institutions are also a key for them... the point is there are still things we don't know behind Bitcoin's volatility.

[Dr.Bitcoin_Strange]

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.
Some people really don't understand all this and they don't know that a dip in Bitcoin is an opportunity to accumulate more Bitcoin and that dip has been part of Bitcoins growth and it's never stopped it from growing, when ever there's a dip you don't have to panic and then sell of your Bitcoin because it is certain that it will rise again this is not a new thing and that is why i advise newbies to always go through the history of Bitcoin before talking about investing some people as soon as they hear about someone that has made huge profit in Bitcoin they become interested without even asking how those this work, is good to ask questions before starting anything.

[Z-tight]

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.

[bayu7adi]

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.

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.

[ABCbits]

--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.

IMO it's still not worth. SegWit (P2WPKH) TX with 1 input 2 output have size 140.5 vB[1]. With 3 sat/vB, that means you pay 421.5 vB or about $0.26 (where 1 BTC = $62874).

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.

I agree. Although if you buy that coffee cup regularly, you could benefit from LN assuming the seller accept LN.

[1] https://bitcoinops.org/en/tools/calc-size/

[Dr.Bitcoin_Strange]

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.

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.