Bitcoin's price is so volatile right now! Why should I even hold? - page 28.

worldmobilecoin

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Activity: 159

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World Mobile Coin

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

Just hold it. This is saving not trading. Ignore the volatility indicator. Accurate indicator never exist. Learn from past.

radjie

sr. member

Activity: 1792

Merit: 264

In a situation like this the price does tend to go up, As much as possible we should be able to take advantage of the condition of bitcoin prices like now because with this price we can buy a lot of bitcoin and not to rush to sell it back we must be patient to hold until the price back peaked.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: ?? on ??

I think if bitcoin prices soar, we have to sell it, and if the bitcoin price decreases we buy bitcoin

That's the basic thing you have to do, if you are willing to take risk it will give you a good return, buy low and sell high are the principle in trading but only you can tell when is the right timing because we are the one doing our research. Normally when there is a dump I consider that as low and when pump happens that is high for me, there is no exact figure actually because we are just making decision based on our prediction.

klf

legendary

Activity: 1344

Merit: 1000

Quote from: bohr on June 02, 2017, 04:25:41 PM

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

You got your answer just after a few months bitcoin earned 70% in value in just the month of May, if that is not reason enough to hold and take the risks then I do not know what could make you hold, if you are in it for the profits bitcoin is simply one of the best investments.

But we also need to remember one thing that if a product can go up 70% in a single month then it also can go down even faster. So it is a good thing to book some of your profit now and then and continue holding some of your coins. Since markets are so volatile we may get buying opportunities at the lower price again.

bohr

sr. member

Activity: 994

Merit: 257

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

You got your answer just after a few months bitcoin earned 70% in value in just the month of May, if that is not reason enough to hold and take the risks then I do not know what could make you hold, if you are in it for the profits bitcoin is simply one of the best investments.

gollygosh

full member

Activity: 160

Merit: 100

A market that has so many automatic sell and buy orders will inherently be unstable until it's market cap reaches a lot more than it is today, but I do believe long term, it will rise a lot more than it's current value.

Rahar02

hero member

Activity: 910

Merit: 523

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

It's already decline right now, become ;
3.92% the latest 30-day volatility estimate
3.01% the latest 60-day volatility estimate

Bitcoin prices always be volatile, as long as people trade it and doesn't have a large market cap yet such as major currencies or at least like gold.
Why you should even hold? Because the price will continue to rise year after year and you won't regret it when bitcoin reach $10,000 or even $50,000 who knows how big it could be. Buying? yes. holding? yes.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: shadelockme on May 29, 2017, 06:02:10 PM

In the event that you trust that bitcoin will be considerably more costly later on, instability today does not make a difference to you. Simply purchase, stack it away and trust bitcoin prize will be really high later on. In the event that you continue following its instability, you will simply have cerebral pains.

You don't need to save them all, you can sped some of them to online stores and buy some things, maybe invest some of them to sites and projects. If you just save them and just let them rot in your bitcoin wallet, it will just increase it price, but why dont you find other ways to earn bitcoin, you can do that while you are waiting for bitcoin to pump its price.

Mapagmahal

copper member

Activity: 772

Merit: 500

Quote from: Sled on May 29, 2017, 11:10:00 PM

Quote from: Lieldoryn on May 29, 2017, 06:57:59 PM

Do you trust bitcoin or not you have no other choice but to keep him in the hope to get rich. If you provoke a panic in the bitcoin market and start to sell, you have nothing to earn because of falling prices. If you do not trust bitcoin, then keep it and periodically make purchases of goods for their bitcoins.

That is right, it is all about having faith for bitcoin because if you really had faith for bitcoin then you should believe in bitcoin and keep holding them for long term which is the best for the people who want to be rich soon. If you really want to be rich then you will hold them for long term and ignore the dumps or temporary volatility of bitcoin.

If someone do not trust or have faith in bitcoin. In the beginning he or she must not have bought a bitcoin in the first place because if you are looking for a long term profit or want to profit and if you sell right now you are the one that will lose. You just need the to trust the coin and let it bloom again no matter what is happening. As of now the price of bitcoin is recovering from a drop. If this continues we will see the price of bitcoin for 3k USD.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Lieldoryn on May 29, 2017, 06:57:59 PM

Do you trust bitcoin or not you have no other choice but to keep him in the hope to get rich. If you provoke a panic in the bitcoin market and start to sell, you have nothing to earn because of falling prices. If you do not trust bitcoin, then keep it and periodically make purchases of goods for their bitcoins.

That is right, it is all about having faith for bitcoin because if you really had faith for bitcoin then you should believe in bitcoin and keep holding them for long term which is the best for the people who want to be rich soon. If you really want to be rich then you will hold them for long term and ignore the dumps or temporary volatility of bitcoin.

shadelockme

newbie

Activity: 36

Merit: 0

In the event that you trust that bitcoin will be considerably more costly later on, instability today does not make a difference to you. Simply purchase, stack it away and trust bitcoin prize will be really high later on. In the event that you continue following its instability, you will simply have cerebral pains.

Lieldoryn

sr. member

Activity: 630

Merit: 272

Do you trust bitcoin or not you have no other choice but to keep him in the hope to get rich. If you provoke a panic in the bitcoin market and start to sell, you have nothing to earn because of falling prices. If you do not trust bitcoin, then keep it and periodically make purchases of goods for their bitcoins.

BitDane

sr. member

Activity: 1372

Merit: 348

Well holding bitcoin will give us more profit in the long run. Even if it is highly volatile at this point, this is due to the speculative market and with the global adoption, the possibility of bitcoin to increase in price is inevitable. This is the only reason why we should hold. More profit in the coming years until saturation level is achieved.

Pettuh4

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Activity: 812

Merit: 251

Quote from: gollygosh on May 29, 2017, 04:56:49 PM

Bubble bursts and BTC still rises like a pheonix,say's a lot about this virtual commodity.

That is why the OP needs to hold because it has withstood the test of time enough to be able to convince anyone that no matter the dump Bitcoin will definitely bounce back.

gollygosh

full member

Activity: 160

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Bubble bursts and BTC still rises like a pheonix,say's a lot about this virtual commodity.

stompix

legendary

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Blackjack.fun

Quote from: centralbanksequalsbombs on May 28, 2017, 11:43:22 AM

Through today, Recent update:
30 Day Estimate:
3.84%
60 Day Estimate:
2.97%

I don't know how they do those computation cause the numbers are pretty weird
How can you say volatility has been 3.84% for the last 30 days?
Maybe daily average and sincerely when you do the average it doesn't look that impressive at all.

Better stick with good old bitcoinwisdom and it's 70% change for the last 30d.

oh. forgetting the most important thing.

It's 70% change upwards.
Of course you should hold, why would somebody want to get rid of something which is increasing in value and all the signs point even higher?

v0rtecxz

sr. member

Activity: 406

Merit: 251

I think the current bitcoin price is quite stable, you better save it, because the bitcoin price will later jumped high, and potentially generate substantial profits.

centralbanksequalsbombs

sr. member

Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Through today, Recent update:
30 Day Estimate:
3.84%
60 Day Estimate:
2.97%

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: aardvark15 on April 17, 2017, 08:47:09 PM

Quote from: machinek20 on April 17, 2017, 06:40:36 PM

For me the price still good, although there are volatility, but in the end the price is crawling up, and that is the real reason of investing, as long as it is potential to earn profit then it is worth to invest and by this volatility you can earn some profit by trading

Even with all of the volatility, the price of Bitcoin is rising overall. Fluctuation can give opportunities to buy or trade while the price rises in the long run.

In my opinion, in able for us to not regret this kind of opportunity both short term and long term, we should do both so we can maximize our profit in bitcoin. Do day trading while the price is volatile and don't forget to save some bitcoins for long term because long term is always the best for bitcoin to make sure that we will get profit.

darthmaul

sr. member

Activity: 714

Merit: 252

You seem to be studying bitcoins volatility far from what is can be expected with bitcoin. In my honest opinion I don't look bitcoin do hard. I just save it and save it a lot. It has worked for like since last year and it has given me lot of profits. I am not that professional as you being so I just normally trade it buy/sell with low/high prices and get whatever profit I can grab.

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