Bitcoin's price is so volatile right now! Why should I even hold? - page 29.

aardvark15

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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.

machinek20

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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

zimmah

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I don't think it's volatile at all, the price is reasonable stable and predicable imho.

t has seen much worse volatility and right now i'd say it's calm.

timerland

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Volatile price doesnt necessarily means that the specified financial asset is not worth to hold for profit, it may even turn out that it was a better idea than to buy an instrument that has its price stable.
It is because volatile price may result in greater returns, but you need to be aware of the higher risk that you are willing to take if you accept the fact that price is fluctuating very often, sometimes with big moves on the charts.

It is making the trading easier too, because you it is much better to earn on the difference in price of some volatile asset, than to trade on some stable price, where the gaps are really small, and upside/downside bursts are not huge, comparing them to the whole chart movements.

TheCoinGrabber

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Quote from: g83 on April 12, 2017, 12:10:39 PM

Quote from: richardsNY on April 12, 2017, 12:07:48 PM

Quote from: TheCoinGrabber on April 12, 2017, 11:58:09 AM

Volatility seem to be the reason people started using bitcoin anyway. From what I heard, some make a profit out of it. Sure the price changes are unpredictable but if you got it right you can make money.

Volatility matters to those that are looking to trade the price swings. If you're only interested in holding your coins for the long term, then you shouldn't care about the volatility at all. I was a pure holder more than a year ago, which at that time I absolutely didn't care about the volatility. Nowadays I do care about the volatility as there are some decent money making opportunities, and thus I have combined holding and trading to get best of both worlds.

That's right hold majority of them for future but try to invest few of them in trading which will give you regular profits in quick time and it will also grow the number of coins and holding is good only if you have huge volume of coins in your wallet.

TastyChillySauce00

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Quote from: (altair) on April 16, 2017, 01:27:18 AM

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

I think we should still.For me i see higher volatility in price as more profit.Fast changes in prices may make more profit for traders when it comes in short trading.If trader like me goes by the flow of price volatility we can make more profit for us

Only if you can manage to always make a profit instead of losing your money. Higher volatility means more profit alongside with higher risks. People like you often think that it's opportunity, there's nothing wrong, but if you're underestimating this circumstance, you will eventually doomed, no matter how smart you're on managing your money or analyzing the current trends.

(altair)

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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

I think we should still.For me i see higher volatility in price as more profit.Fast changes in prices may make more profit for traders when it comes in short trading.If trader like me goes by the flow of price volatility we can make more profit for us

Pinkris128

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Quote from: poetra2501 on April 16, 2017, 12:46:29 AM

Quote from: X-ray on April 15, 2017, 11:46:22 PM

Quote from: Barbut on April 15, 2017, 10:41:20 PM

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

As you can see the chart of the bitcoin is really stable right now. Bitcoin gives a lot of value from his advantages comparing with the gold. But for the stable investment gold still, hold the best choice.
For the investment with full of benefits, bitcoin is still the number one.
More development on bitcoin will make the price is increase anytime.

The price of Bitcoin will be stable just for the briefly then it's will go up or down again depends
how much demand or supply in the market. I think the price of Bitcoin always will be volatile.

You have a point. Volitality occured as planned perhaps by some big whales. It is their tactics so that they can earn money from panic selling of newbie traders or people which need money. However, this can be prevented if all of bitcoin holder understand what is happening to the market.

poetra2501

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Quote from: X-ray on April 15, 2017, 11:46:22 PM

Quote from: Barbut on April 15, 2017, 10:41:20 PM

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

As you can see the chart of the bitcoin is really stable right now. Bitcoin gives a lot of value from his advantages comparing with the gold. But for the stable investment gold still, hold the best choice.
For the investment with full of benefits, bitcoin is still the number one.
More development on bitcoin will make the price is increase anytime.

The price of Bitcoin will be stable just for the briefly then it's will go up or down again depends
how much demand or supply in the market. I think the price of Bitcoin always will be volatile.

ImHash

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Go buy USD 10M paper bills and see if you can get $10.2M after 10 days, go buy $10M in gold and see if you can get $10.5M in 2 weeks period.
Can you manufacture money printers then buy ink/ paper/ other ingredients easily and start printing money for yourself?
I don't know what the hell else you'd want more from bitcoin? just buy miners and start mining (printing) money legally and even come here to brag about it or if you'd rather to have privacy you could even use BitMixer to be invisible in the system totally.

Last year hashocean idiots/ scammers ran away when price hit $700+ they thought wow such money much opportunity let's hit the road fellows only if knew we hit $1200+ I bet they're regretting their actions.

You could potentially buy up to $500M in bitcoin and either have $505M after 1 week or have $495M and effectively sell all your coins for $505M I mean in one day, where could you have the potentials of making $5M in matter of just 1 week?

X-ray

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Quote from: Barbut on April 15, 2017, 10:41:20 PM

Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

As you can see the chart of the bitcoin is really stable right now. Bitcoin gives a lot of value from his advantages comparing with the gold. But for the stable investment gold still, hold the best choice.
For the investment with full of benefits, bitcoin is still the number one.
More development on bitcoin will make the price is increase anytime.

Slark

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Quote from: Creepings on April 15, 2017, 10:48:28 PM

I think it's volatility that makes bitcoin bitcoin. And I guess that is the reason that it is really fun investing in such digital currency. Without these volatility, I think bitcoin is really boring, yes it is stable, but there is no fun in it.

Volatility is not about fun, it is inevitable side effect of how bitcoin was designed.
You want fun, then you can gamble your coins, that would certainly kill even the most hardcore boredom.

When we take a look t bitcoin's price history we will notice that current period is the most stable time we had.
Bitcoin volatility index in the last 60 days is less than 4%. You call that volatility?

Creepings

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I think it's volatility that makes bitcoin bitcoin. And I guess that is the reason that it is really fun investing in such digital currency. Without these volatility, I think bitcoin is really boring, yes it is stable, but there is no fun in it.

Barbut

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Bitcoin price is not volatile right now, it's like that since forever. You hold bitcoins cause they can cost more then right now, that is pure profit. Price rises a lot in last year, and its still in that rising trend that's why people invest and hold bitcoins.
If you don't believe in bitcoins and you mind this fluctuations in price you should transfer your bitcoins in gold, then you will have more stable price and you will not ask yourself why yo hold.

Pearls Before Swine

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Grab some Dramamine, down it with cheap vodka, and just fuckin' hold on for the ride. Bitcoin equals volatility, so get used to it.

Why should you hold? Because we're still in the infancy stage of development. Look what you could've made had you bought bitcoin a year or two years ago. You could have quintupled your investment or more. And we still have a ways to go. That's all the reason you should need to hodl. So shut up and just do it.

Sled

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Bitcoin- in bullish time

You should hold your bitcoins even the price is so volatile because the price movements is just for day traders and the holdings is for people who like to earn a lot of money in the future. Holding bitcoin is a good practice because the price of bitcoin is always moving up and soon it will be doubled as well as your capital if you hold.

centralbanksequalsbombs

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Quote from: deisik on April 15, 2017, 02:21:06 PM

I don't think it is correct to say so in respect to Bitcoin

If you mean low price volatility by being stagnant, of course. Stagnant prices typically mean there is no active trading or circulation of the coin. It is a completely different story when we see a dynamic equilibrium where plenty of supply gets balanced by plenty of demand. I guess you can hardly call such a coin a stagnant one. Other than that, these equilibriums are usually short-lived and they don't last long, and the longer they last the stronger will be the next price movement (a major rule of trading basics)

Very true, what happens to dynamic equilibrium over time when central banks globally are issuing more fiat credit/supply?

More Philippino pesos, more US dollars, more Japanese Yen, more Russian Rubles, more Turkish Liras, more EU Euros...

What does this mean for Bitcoin?

deisik

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Quote from: iamTom123 on April 15, 2017, 10:35:42 AM

Volatility is already a big feature of Bitcoin and is in fact what attracted many to this cryptocurrency. Had it been an stagnant coin then it would be hard to attract the attention it is always getting so far. Volatility can mean that you may gain profit or experience some loss but we have to always remember that the value of Bitcoin is looking good in the future so it is wise to hold your Bitcoin and just wait for its value to rise further. Or you can use Bitcoin in trading and if you are good then you can earn big money but just be careful with trading as it is not for everybody.

I don't think it is correct to say so in respect to Bitcoin

If you mean low price volatility by being stagnant, of course. Stagnant prices typically mean there is no active trading or circulation of the coin. It is a completely different story when we see a dynamic equilibrium where plenty of supply gets balanced by plenty of demand. I guess you can hardly call such a coin a stagnant one. Other than that, these equilibriums are usually short-lived and they don't last long, and the longer they last the stronger will be the next price movement (a major rule of trading basics)

iamTom123

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Volatility is already a big feature of Bitcoin and is in fact what attracted many to this cryptocurrency. Had it been an stagnant coin then it would be hard to attract the attention it is always getting so far. Volatility can mean that you may gain profit or experience some loss but we have to always remember that the value of Bitcoin is looking good in the future so it is wise to hold your Bitcoin and just wait for its value to rise further. Or you can use Bitcoin in trading and if you are good then you can earn big money but just be careful with trading as it is not for everybody.

Nagadota

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To be honest, the volatility is the reason why a lot of people hold - it's annoying to spend it since you don't know what the value or transaction fees will be, but you believe that the price will go up in the long term. That also keeps the price up because there's less Bitcoin being dumped into circulation, which in turn will make Bitcoin more stable after some time.

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