Bitcoin's price is so volatile right now! Why should I even hold? - page 12.

KenChanYu

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Quote from: Lecam on May 22, 2018, 09:04:45 AM

It has always been like that the only thing that changes is the amount of the investors,
As the number of investors grow the fluctuation would increase because there would be more buyer or seller.

I think in this kind of situation, there's nothing to worry and panic because it's born to be volatile and it happens due to several economic factors like supply and demand. All you have to is to strategize. Take the chance to hold because the drop in price is just temporary, be patient, and wait for the increase in price. The increase may still have the potential to upsurge, by that time the decision is still yours to make if you take it as your favorable time to sell or wait for the next price boost.

mrtryonebiggums

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I love the nickname OP but seriously if you gotta ask us why you should hold then perhaps you shouldn't. I always feel comfortable holding and this isn't because the volatily isn't high, it is because I envision a future where Bitcoin is used everyday and is a part of our lives. It is hard for me not to see the future this way and if it isn't Bitcoin perhaps another cryptocurrency. Regardless I think you can feel safe knowing how long Bitcoin has been around, as the resiliency alone makes me feel secure.

legendbtc

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Quote from: cryptocurrencyguru on May 22, 2018, 08:49:35 AM

Bitcoin is volatile but buying bitcoin now is the best decision buying bitcoin anything below 10 thousand dollars will be good step why because bitcoin is expected to cross previous all-time high

Exactly, we don't know when bitcoin price start increasing but surely people who buy below $8k will be the best. So potential coins will take time to increase their price, holding is the best option right now.

Chachacoin17

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Quote from: Lecam on May 22, 2018, 09:04:45 AM

It has always been like that the only thing that changes is the amount of the investors,
As the number of investors grow the fluctuation would increase because there would be more buyer or seller.

As Bitcoiners we have to fully-understand on how bitcoin functions, the cause of fluctuation, inorder for us to be more aware and be more knowledgeable on how we deal with circumstances like price correction or market movement. Volatility can be advantageous if you have the idea on how to take chances wisely. It's best to buy during this period and hold because an increase in price will happen anytime soon, it will recover, and selling it at appropriate time opens opportunities for big profit.

neduarchy

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The biggest influencers on the price of any commodity are Demand and Supply. This is a universally applicable law, which is applicable beyond just the monetary system. This is something which applies in various walks of life. The law of demand governs the economy of Bitcoins.

Lecam

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It has always been like that the only thing that changes is the amount of the investors,
As the number of investors grow the fluctuation would increase because there would be more buyer or seller.

cryptocurrencyguru

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Bitcoin is volatile but buying bitcoin now is the best decision buying bitcoin anything below 10 thousand dollars will be good step why because bitcoin is expected to cross previous all-time high

GoodLuck2

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Quote from: uozer on May 21, 2018, 11:42:31 AM

No matter how high the present volatility may be, for the fact that experiences and past records had shown the extent at which Bitcoin can still be trusted and relied upon, We shall continue to hold as long as Bitcoin is existing and maintaining its stability despite all odds as the mother coins of all Cryptos. The worst that may ever happen is to break even, of which with optimism, holding with patience shall at the long run catch up the speculated Boom.

Yes the price of Bitcoin is volatile and if you have already invested in the technology, you should now keep your mind cool and think wisely about the pursuit of happiness. You should hold because you have already invested and the aim was profit maximization right, so keep holding the coins for the price stability has already started in the market which is increasing the demand by the people which will in turn rise the prices.

cah ndablek

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If I think bitcoin is suitable for use as a long-term investment so holding an asset can be done for someone to earn big profits in the future without having to panic when its value does not change.

perfect999

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Quote from: bellator66 on May 19, 2018, 05:45:55 AM

By holding it in some time ahead, in the hope you can achieve big profits.
Bitcoin selling price is now falling as low as low.
You have to wait to get a big profit.

Bitcoin and all other crypto coins have a volatile nature and that this is something which often works in your favor and that sometimes it goes against you as well. However, if you are afraid of holding of the bitcoins just because of this one reason, then I will suggest you not to be afraid of any such thing because the market value of bitcoin will rise higher inspire being this volatile nature and that it will work in your favor.

ThorWin

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Quote from: th4nol on May 21, 2018, 01:25:56 PM

There are lot of things happening in the bitcoin and crytpocurrency space. It is still like the little kid going up and down just for the fun of it.

We should keep them because we believe that BTC prices will rise sharply in the future. It is possible that BTC will reach $ 50000 in the near future which is a price that many people wish, in fact btc price can not rise more than $ 10,000. This is probably the time of price saturation of BTC.

wtonniere

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While Bitcoins are an alternative to fiat currency, they are best comparable with Gold. This is because Bitcoins too, like Gold are exhaustive. Eventually there will be a day when all the gold under the surface of the earth will be mined and exhausted. Similarly, Bitcoins too, are finite in number and one day Bitcoins too, will be exhausted. While one cannot accurately predict how much gold is yet to be mined, we know for sure that there are 21 Million Bitcoins in all, out of which 17Million have been mined.

Yurkov

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Quote from: theblack_cat on May 21, 2018, 02:27:15 PM

Quote from: konco_kenthel on May 20, 2018, 03:41:33 AM

With fluctuating prices we are actually in demand to always observe the movement at any time so that with any small chance that traders are still able to create an income and make them more motivated to continue to invest.

such opportunities are always expected by investors to get a chance to invest with the most likely to get a profit because it is the main goal of people now

That is true and that will be for some next time until it will be able to use it for some payments or something like that, this situation can change feeling of it in some ways for me.

vollverein

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Similarly with every new Bitcoin development or negative news, the Bitcoin’s price gets effected. I have seen it drop down by 30% in a week and vice versa, majorly due to news and rumours.

theblack_cat

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Quote from: konco_kenthel on May 20, 2018, 03:41:33 AM

With fluctuating prices we are actually in demand to always observe the movement at any time so that with any small chance that traders are still able to create an income and make them more motivated to continue to invest.

such opportunities are always expected by investors to get a chance to invest with the most likely to get a profit because it is the main goal of people now

th4nol

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There are lot of things happening in the bitcoin and crytpocurrency space. It is still like the little kid going up and down just for the fun of it.

uozer

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PRiVCY

No matter how high the present volatility may be, for the fact that experiences and past records had shown the extent at which Bitcoin can still be trusted and relied upon, We shall continue to hold as long as Bitcoin is existing and maintaining its stability despite all odds as the mother coins of all Cryptos. The worst that may ever happen is to break even, of which with optimism, holding with patience shall at the long run catch up the speculated Boom.

jademaxsuy

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yeah do you get the rythm of bitcoin? If you do then i guess you were able to earn and take advantage on its volatility. This is one reason why investing in cryptocurrency is good. If you know how to play buy, hold and sell bitcoin then relatively you will have a good earnings though bitcoin market price is not that strong compared to the last few increase that it almost got to 10K USD. Well better get along with the volatility of bitcoin market price.

yvesp110

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Quote from: GeniusAko on May 19, 2018, 08:55:27 AM

Quote from: centralbanksequalsbombs on March 24, 2017, 11:20:04 PM

With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins?

What are your thoughts??? What should we do??

As it stands today at this moment, the Bitcoin volatility index reads:
4.57% the latest 30-day volatility estimate
3.54% the latest 60-day volatility estimate

The bitcoin volatility index for present day can be seen at: https://btcvol.info/

My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310

It is true that the bitcoin is so volatile, the reason why we should hold bitcoin is because it has potential in the cryptocurrency market even its price is unstable. The bitcoin has limited supply and its value is continuing to rise up.

Bitcoin has volatile nature and it use to rise and fall but we will have to manage our life accordingly and learn how we can live happily so if price get down you will have to hold for saving your profit and buy more if you have money, bitcoin is good to hold as it has high potential to rise and increase in price now it is time when price is getting better so I would suggest people to hold so at the end it will be profit worthy selling after holding long, you can even become milliner for holding it.

lixer

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Quote from: Pendularin on May 16, 2018, 09:58:08 AM

Quote from: omar bakrie on April 14, 2018, 10:02:19 AM

What I know of the World of Cryptocurrency is indeed very volatile. The price of all coins can change in a very fast time. So I'm not surprised if the value of Bitcoin always fluctuates. I still hold the coins I have because I believe these coins have a good future and the price can be high. I believe Bitcoin and all Altcoin will last for a long time.

Fluctuation is the most factor of bitcoin has ,we hodl our bitcoin because we think for better future and we believe on the possibilities may happen towards the future. Although, the transactions is so much risky the important we put some investment to have chances to gain enormous profit.

Without fluctuation, bitcoin wouldn't be as beautiful as it is now and nor it would have been supported by investors as it is now. Bitcoin is cherished by everyone due to its high volatility as this features allow the investors to make huge amounts of money. Once it will go mainstream or all the bitcoin will be sold out, its price will become somewhat stable and then it will not be easy to make profits out of it.

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