Bitcoin's price is so volatile right now! Why should I even hold? - page 17.

Xising

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Quote from: centralbanksequalsbombs on March 24, 2017, 10:20:04 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

If you see that holding won't do you any good, then I would say don't. It's your coins, and if you feel that you can get good returns from it if you sell them quickly, especially now that Bitcoin is steadily gaining, would nonetheless be a good move. I think those that hold are still hoping that Bitcoin's gain is not just a trap but a trend that would go on for a couple of months, which in turn, would give them more profit in the end. It all depends on your objective mate.

Spaffin

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Despite the high volatility of bitcoin, if you look at its price for a year, it increases many times over, and therefore even simply keeping bitcoin after purchase brings a much larger profit than any world's banks can with the storage of ordinary money in deposit accounts.
If you want to increase your profits, you can periodically sell bitcoin when it rises very much in value and then buy at a significant price drop. This method is very effective, but it involves certain knowledge of trading on the exchange and the availability of free time.

EnricoGomez

member

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Bitcoin is famous for its volatility to which it makes profit easier to gather from by just selling out at a higher price. Dipping values of it is only natural and good opportunity even.
If I were you, I would continue to hold on as longer as I can - surely it will still continue to increase through passing months.

wuvdoll

legendary

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I just checked the date of when this was posted and it happens to be on March of 2017. If this guy really withdrew his funds from Bitcoin, then man I’m sorry, cause you missed a lot. Even as of now, anyone who has money in Bitcoin shouldn’t withdraw it cause the price is really rising and I believe as many has predicted, the price will reach $15000 in April/May, and by the time May ends, we will see something much better. Just hold on guys!

Quote from: iillaa on April 20, 2018, 08:03:38 AM

I can't imagine a cryptocurency market without the volatility
Bro that is what make it fun and give lot of opportunities to make money if you trade it well but since you wrote this message in 2017 i hope we learnt our lesson cuz you can obviously say that those who hold are the biggest winners since btc hit its all time high few months after your message

Even as of now the price already is at the rate of $8,300. Ethereum has reached $500 while BCH is at the rate of $1000+. I believe things are turning to be much better than it was before. Just look at it, it went from the price rate of $6000 and has reached this high. I believe it will keep on going, $15k or $20k isn’t bad anyway. It takes just patience, cause if you quit, you will miss the bigger part of it.

Harper6

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Quote from: Masongrae on April 20, 2018, 08:46:21 AM

Its not bad to hold it. Being volatile is an advantage to have bitcoin which is when the price is down, its a chance to buy and add more of your bitcoin and have something to hold and make it grow when bitcoin's price will go up again and may mulltiply your bitcoin

I think the same like you I always take the bitcoin volatility positively as I know o cam earn very high in bitcoin if I will use it properly and I will buy it at the time of low price and hold till it get high and then I sell whine the price become very high, with time bitcoin is holding by me and I know it will be the only way that I will earn high but if I will sell it on panic I will not get anything, price of bitcoin is increasing so buy right now and hold soon we will see price pumping very high for sure.

South Park

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I am terrible at Fantasy Football!!!

Quote from: iillaa on April 20, 2018, 08:03:38 AM

I can't imagine a cryptocurency market without the volatility
Bro that is what make it fun and give lot of opportunities to make money if you trade it well but since you wrote this message in 2017 i hope we learnt our lesson cuz you can obviously say that those who hold are the biggest winners since btc hit its all time high few months after your message

While many assume that the current volatility in the market only happens in cryptocurrencies that is not the truth this happens in any new market that has such a revolutionary technology, however the reason that volatility is even greater in bitcoin is simply that bitcoin is not your average invention, it's a currency as well and that adds even more volatility to it.

maydna

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and if you can buy at the lower price, it is worth to hold bitcoin and only sell when it reaches the highest price. but if you cannot buy at the lower price, then you cannot do this because you don't want to see your bitcoin decrease your money. there are many people still want to hold their bitcoin because they know that the price will increase although its so volatile right now and they don't care about this. the longer they can hold, they can make a big profit in the future so they don't think that to hold bitcoin is only a waste of time.

roomboy85

newbie

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It's not bad to hold your bitcoin even we know the price of it is volatile, and also I think it's not bad to hold your bitcoin or any cryptocurrency because in this kind of strategy you will make a good profit.

green_fish

newbie

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BTC price is not stable because many people are trading BTC!

Most BTC hopes BTC will make a good profit!

BTC is the cornerstone of digital cryptocurrency!

Masongrae

member

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Its not bad to hold it. Being volatile is an advantage to have bitcoin which is when the price is down, its a chance to buy and add more of your bitcoin and have something to hold and make it grow when bitcoin's price will go up again and may mulltiply your bitcoin

iillaa

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A MAN SEEKING FOR KNOWLEDGE

I can't imagine a cryptocurency market without the volatility
Bro that is what make it fun and give lot of opportunities to make money if you trade it well but since you wrote this message in 2017 i hope we learnt our lesson cuz you can obviously say that those who hold are the biggest winners since btc hit its all time high few months after your message

luckyluigi

member

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Just pray man, and stay effective and flexible! When bitcoin is so volatile it is a great opportunity to trade it and have a good profit from it! So dont miss.

Haterstestbtc

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Quote from: centralbanksequalsbombs on March 24, 2017, 10:20:04 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

Bitcoin also known by its volatile/changes of price. Even though it doesn't remain in its price we should still keep holding our Bitcoin account it's because we do a lot of effort and we spent time to make it possible. We can still used it by many chances,when the price getting up we can sell it to a higher amount,but when the price getting down we can keep an hold it until the price getting up again.

South Park

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I am terrible at Fantasy Football!!!

Quote from: centralbanksequalsbombs on March 24, 2017, 10:20:04 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

The whole point of holding for the long term is to protect yourself from the variations in the short term of the market, you must remember that all the losses that you got are only paper losses they do not materialize until you sell, this is the way in which holding protects you, but no one obligates you to hold if you want to sell and get out of the market your free to do so.

Roboabhishek

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It depends on the personal preference of someone if you believe in something then you should invest in it.
By a chance, you did not invest into something and after a few years the price of that thing is skyrocketing then it will be more painful compared to If you have invested into something and have lost a portion of your money.

Dudeperfect

hero member

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I can understand your concern but even though we have Bitcoin since last 9+ years, I would say that it is still in the development phase and we don't have that maturity yet to deal with the market volatility. Being a payment medium, the stability of value is a crucial part but I don't think that we will have it until the mass maturity is achieved. On the other hand, with the growing user base and limited supply, the price is expected to rise over the time. In that case, hodling is not wrong through investment point of view.

ethereumhunter

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although the bitcoin price is so volatile, it is good for us to try to make some profit because when we see the price is down, sometimes it's down too deep so if we can buy at the lower price, we have a good chance to sell at the high price. I am sure that there are many people trying to buy and sell the bitcoin because they know that they can use their chance to get bitcoin for a low price. besides, if the price is not getting up higher, they can hold it for a while until the price is up again.

Argoo

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Quote from: Sithara007 on March 25, 2017, 12:59:37 AM

The exchange rates have dropped by as much as 30% during the last 2-3 weeks, partly due to the tough competition with Ether. But my opinion is that, you should hold your coins, and if possible buy more. Ether is just an inflated balloon. No one knows when it is going to crash.

Is this an ethereum naked ball with its present price of 400-500 dollars? A bitcoin with a price of 7800 dollars is not an inflated ball? I do not think that bitcoin, with its current shortcomings, which do not even allow us to use bitcoin as an ordinary means of payment, is fifteen or more times better ethereum. Ethereum is now much more useful than bitcoin and performs much more functions. If bitcoin did not swell in its bubble last December, now, maybe there would not have been such a problem with the general fall of the crypto-currency market for the fourth month already.

Activitycoin

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Quote from: ?? on ??

Quote from: omar bakrie on April 14, 2018, 09:02:19 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.

Right bitcoin is best because it has fluctuating nature and it use to move in price, if the price will remain same for long time then it will not be high forever, it is the only fluctuation which makes it different and change, bitcoin price is now rising which is attracting a lot of people for bitcoin, for me bitcoin is unique currency that never remain same for long time, price get down so high amount of people become able to buy bitcoin then they hold till the price become high so holding with patience is the key for success.

chaa123

newbie

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The decision to sell or hold is not exactly for us to say. Since bitcoin is very volatile in nature, the choice to either sell or hold would be up to you because only you will be the one who will give the last call for the options...

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