Let’s assume that bitcoin was stable and there is nothing like volatility in it, do you think you will still see anyone here ?
I have heard about a lot of people that bought a lot of bitcoins in the past and they abandoned it because they never expected the price to go up to this extent. And after the price increased , they started running helter-skelter looking for ways to unlock their storage and get their Bitcoin out, which majority of them never succeeded in doing. So volatility is what attracts people to Bitcoin.
Topic: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto (Read 862 times)
Volatility has its pros and cons, it all depends on how much volatility we are talking about. First of all lets be honest and say that when bitcoin went from around 900 dollars at 2017 spring to 20 thousand dollars in 2017 december we all loved bitcoin volatility, we were in love with the fact that it could move that quickly that high.
However, as soon as 2018 became a bad bear market that made bitcoin drop from 20 thousand dollars to 3 thousand dollars (to this day we are up 3x-4x from 2017 spring) we started to hate the volatility. If we are talking about from 3.500 dollars to 4200 dollars and back than its fine, that is a small change that could happen all the time and we are fine with it but whenever those big moves either up or down happens we are scared of what could happen and what it means for bitcoin.
However, as soon as 2018 became a bad bear market that made bitcoin drop from 20 thousand dollars to 3 thousand dollars (to this day we are up 3x-4x from 2017 spring) we started to hate the volatility. If we are talking about from 3.500 dollars to 4200 dollars and back than its fine, that is a small change that could happen all the time and we are fine with it but whenever those big moves either up or down happens we are scared of what could happen and what it means for bitcoin.
I think volatility could be advantage and disadvantage of the crypto, it will depends on how people used it, if its for trading then definitely volatility is the main attraction, but if we want crypto become currency then the volatility need to be decrease, for now bitcoin and other crypto become famous because of the high volatility
right, but to be stable as a currency, of course you have to get permission from all countries, so btc holders become scattered, and it's hard for whales to play with prices, because it has to affect many people
I think volatility could be advantage and disadvantage of the crypto, it will depends on how people used it, if its for trading then definitely volatility is the main attraction, but if we want crypto become currency then the volatility need to be decrease, for now bitcoin and other crypto become famous because of the high volatility
Nothing is wrong with volatility.
Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.
Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.
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Nothing is wrong with volatility.
course there is . volatility is a hindrance to some because this decreases their chance of earning huge income .
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Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.
bitcoin at early stages do already have a value and eventually after the adoption increases , the value also climb . imagine if bitcoin is not volatile , do you think the value will not progress ?
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Re: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto
i think crypto volatility is both an evil and an essence . evil because it drives greed . it saps our cash , but this is the essence of crypto due to its decentralized nature .
I am happy about this and its evidence that the adoption of cryptocurrency is rising. Now this would be a mutual benefit to both buyers and sellers and to the merchant it will be more benefit because majority of cryptocurrency traders will be attracted.
I still don’t know what is preventing all those in the real estate sectors about accepting bitcoin yet and I hope they do not regret this later. Bitcoin has completed 10 years successfully but not sure what else proof those people are still looking for.
I still don’t know what is preventing all those in the real estate sectors about accepting bitcoin yet and I hope they do not regret this later. Bitcoin has completed 10 years successfully but not sure what else proof those people are still looking for.
i think volatility is what has brought bitcoin to limelight and at the same time its the same volatility that iis killing it sllownly
Very well said. You just hit the nail on the head. Many years back when Bitcoin first started it was a its because of how volatile its was and how it raised millionaires and billionaires in weeks that made so many big companies to start making it a point of discussion and then they started investing, same way as it might look that it’s going to bring it down but I would say that it’s not true.Yes, incoming investors are scared because of the rumors they’ve heard and those who are familiar with the system are busy buying, soon there will be another raise of billionaires and millionaires and Bitcoin will again become the song in everyone’s mouth.
i think volatility is what has brought bitcoin to limelight and at the same time its the same volatility that iis killing it sllownly
People who understand bitcoin and cryptocurrency would not border about the volatility. They already know about it because of its other benefit. Those people who want to be independent from government control. Yes, those people who like to do their business while just clicking on their laptop s, phones and other mobile devices and not to visit the banks for business proposals, transactions etc.
i think volatility is what has brought bitcoin to limelight and at the same time its the same volatility that iis killing it sllownly
People who understand bitcoin and cryptocurrency would not border about the volatility. They already know about it because of its other benefit. Those people who want to be independent from government control. Yes, those people who like to do their business while just clicking on their laptop s, phones and other mobile devices and not to visit the banks for business proposals, transactions etc.
Nothing is wrong with volatility.
Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.
The idea behind bitcoin deflation is to prevent your bitcoin savings from losing value in long term future. This is what has been the problem with fiat currencies and some important developers recognized this fact
Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.
The idea behind bitcoin deflation is to prevent your bitcoin savings from losing value in long term future. This is what has been the problem with fiat currencies and some important developers recognized this fact
it is a fact that volatility of all crypto currencies are so high so they are extremely risky for investing. but on the other hand, crypto market is a very good opportunity to investors that has not so big amount of money to invest.
This is a very long thread, and that's because the concept of volatility and how it affects bitcoin is a much debated topic.
The pump of 2017 was what is believed to have put bitcoin as well as other cryptocurrencies out there. But in reality it simply attracted greed regrets and bewilderment from majority of people. Anyone who heard about bitcoin during the bull run regretted not knowing about it earlier (even if some of them may have). And some dived in and incurred loses.
The current market is much different from where it was almost two years ago.
The pump of 2017 was what is believed to have put bitcoin as well as other cryptocurrencies out there. But in reality it simply attracted greed regrets and bewilderment from majority of people. Anyone who heard about bitcoin during the bull run regretted not knowing about it earlier (even if some of them may have). And some dived in and incurred loses.
The current market is much different from where it was almost two years ago.
There’s are so many things that can be listed as to the reason volatility is necessary to cryptocurrency and can at the same time be very deadly,Cryptocurrency and Bitcoin particularly only made into the main stream as a tool of the dark web period infamous silk road was shut down. Then it was far from being considered a good investment for wall street types, then suddenly, banks had an opinion on Bitcoin, many thought it was a fake,and they also believed it was too volatile to be taken seriously.
People became amazed and couldn’t get enough of this weird asset that could double in price in weeks,that was how the stories of people who became billionaires and millionaires overnight cropped up and everyone wanted to become a part of bitcoin.
People became amazed and couldn’t get enough of this weird asset that could double in price in weeks,that was how the stories of people who became billionaires and millionaires overnight cropped up and everyone wanted to become a part of bitcoin.
February 28, 2019, 01:39:23 PM
i think volatility is what has brought bitcoin to limelight and at the same time its the same volatility that iis killing it sllownly
February 05, 2019, 02:34:58 PM
I don’t think the goal was to make something that would become a currency in any society, the goal was to create a way of making quick and cheap transactions. Bitcoin is a lot of different from banks and other payment systems, you don’t need emails or to fill out any long information concerning the person you’re sending money to. All you need is just their wallet address and you’re good to go, just copy and paste and that’s it, within a few seconds they have got their money
Are you sure about that?
If I'm not mistaken, Satoshi's whitepaper is called something like "A Peer-to-Peer Electronic Cash System". Cash is synonymous with currency (or money), while cash system as I see it refers to a payment system which makes use of this currency. Apart from that, creating a way of making quick and cheap transactions can be done via creating a currency in its own right (though not only that, of course). Anyway, if you come to disagree, you are welcome to explain your stance in greater detail
February 05, 2019, 01:29:57 PM
Bitcoin price always volatile i think because not regulated by government yet. Beside that, as new investment instrument, many investor think its a breaktrough on current economic system and as digital new store of value, it will be good for long term
I don’t see anything wrong with the volatility, it’s for investment and a lot of people knows that already. Things like this are meant to be volatile, it’s left for you to make your decisions wisely so that you don’t lose your money cause you have been told already that it is volatile. If you choose to trade regularly, it’s up to you, there are people that trades every few hours and makes profit from it daily.
December 25, 2018, 06:08:40 AM
I don’t think the goal was to make something that would become a currency in any society, the goal was to create a way of making quick and cheap transactions. Bitcoin is a lot of different from banks and other payment systems, you don’t need emails or to fill out any long information concerning the person you’re sending money to. All you need is just their wallet address and you’re good to go, just copy and paste and that’s it, within a few seconds they have got their money.
Come. To think of it, a lot of people here are investing their money in Bitcoin because they see it as an investment and not as a currency like a few of us would say. So if majority of us here are investing their money because they see it as an investment, that means the volatility is needed, cause if it’s stable a lot of people would lose interest and the value will drop.
Yes you’re right, a lot of us are here because we want to invest and make profit. If it wasn’t volatile you wouldn’t be making any profit from it. I don’t think it is a currency, it is highly volatile and nobody would like to make use of a currency that is highly volatile like cryptocurrency. I remember losing a lot of money once when I tried to make use of Bitcoin as savings for a week. The truth is that it is just like a gambling, you might gain profit or you lose, that’s why it’s risky. 
December 25, 2018, 02:26:28 AM
Volatility in cryptocurrency is needed for the it to be attracted to investors and to get attention of the people about the potential of cryptocurrency. This is very important especially for the very young technology. However, as soon as these cyrptocurrencies get mainstream, volatility must be reduced, if not eliminated, to sustain its adoption.
Volatility is the reason why we went to 20 thousand dollars to begin with, it is not really healthy to convict volatility because we went down as well. Of course the price was suppose to go down, it will go up again as well. The problem that you guys think causing all of this is actually the reason why bitcoin is amazing. Since there are no regulations at all on bitcoin (not using or buying/selling btw, just "bitcoin" as in general) governments and judges can't do anything about it, they can make you buy it harder or more difficult but they can't change a single line of code on bitcoin with law.
Which means of course people will do whatever they please without the worry of some troubles from federal reserves or anything, they won't care if the national debt goes higher, no problem if wall street collapse, bitcoin is all own its own. Which means volatility but also freedom.
December 24, 2018, 03:40:22 AM
Cryptocurrencies has only made it in to the mainstream media as an apparatus from the dark web when the infamous Silk Road has been turn off. Back then, that was far from getting considered a good investment decision for Wall Street types, nonetheless they soon joined the party.
Suddenly, banks, the thought front-runners of banking and financial institutions all had an opinion on Bitcoin - many of them thought it was a gimmick, or even rat toxic and far too unstable to take seriously, but conversations about Bitcoin were getting to be held in investment circles.
Stories of Bitcoin billionaires in addition to overnight millionaires cropped upwards, plus the individual investors overloaded to be a part of typically the massive wave of Bitcoin mania. This is why volatility was so crucial in establishing cryptocurrencies as a potential asset that will could also be used being a currency in a well-known society. However, this same volatility is additionally what could kill that goal.
A portion of what has cemented cryptocurrencies on the map given that they exploded into the public investor market has already been their volatility. Investors inundated to the likes of Bitcoin when, through Nov and December 2018, the value of the cryptocurrency increased in value tremendously. Conversely, such precariousness is a two-edged rapier, and the cryptocurrency bazaar has shown that in 2018 with Bitcoin’s price trailing more than 50 percent at times from the year finale worth of $13,000. The cryptocurrency market has also felt the ill effects of Bitcoin’s movements because of this of the price drops, Bitcoin’s trading volume, and even interest in the digital money realm also decreases. The danger is that changes can cause a significant exodus of investors to take place which severely dents the hopes of other cryptocurrencies gaining mass adoption standing.
Itai Cohen, CEO of Homelend says,
Volatility should be at the epicenter of attraction for crypto if there is to end up being a future through which crypto is employed widely in everyday instances. However, it needs a lot of bravery, plus some tactical know-how, to successfully navigate the lows, to retain oneself safe, and sane, along with contributing positively to be able to a burgeoning crypto overall economy.
Patience is the key here to deal with anything that is related to crypto and blockchain. A calm mind will always get maximum output. Cheers.
Come. To think of it, a lot of people here are investing their money in Bitcoin because they see it as an investment and not as a currency like a few of us would say. So if majority of us here are investing their money because they see it as an investment, that means the volatility is needed, cause if it’s stable a lot of people would lose interest and the value will drop. Suddenly, banks, the thought front-runners of banking and financial institutions all had an opinion on Bitcoin - many of them thought it was a gimmick, or even rat toxic and far too unstable to take seriously, but conversations about Bitcoin were getting to be held in investment circles.
Stories of Bitcoin billionaires in addition to overnight millionaires cropped upwards, plus the individual investors overloaded to be a part of typically the massive wave of Bitcoin mania. This is why volatility was so crucial in establishing cryptocurrencies as a potential asset that will could also be used being a currency in a well-known society. However, this same volatility is additionally what could kill that goal.
A portion of what has cemented cryptocurrencies on the map given that they exploded into the public investor market has already been their volatility. Investors inundated to the likes of Bitcoin when, through Nov and December 2018, the value of the cryptocurrency increased in value tremendously. Conversely, such precariousness is a two-edged rapier, and the cryptocurrency bazaar has shown that in 2018 with Bitcoin’s price trailing more than 50 percent at times from the year finale worth of $13,000. The cryptocurrency market has also felt the ill effects of Bitcoin’s movements because of this of the price drops, Bitcoin’s trading volume, and even interest in the digital money realm also decreases. The danger is that changes can cause a significant exodus of investors to take place which severely dents the hopes of other cryptocurrencies gaining mass adoption standing.
Itai Cohen, CEO of Homelend says,
Quote
“The high volatility of crypto-assets is the result of investors’ reliance on the so called ‘adoption syndrome’ - where the perception of an asset’s value is mostly based on expectations about its adoption by the community.”
Volatility should be at the epicenter of attraction for crypto if there is to end up being a future through which crypto is employed widely in everyday instances. However, it needs a lot of bravery, plus some tactical know-how, to successfully navigate the lows, to retain oneself safe, and sane, along with contributing positively to be able to a burgeoning crypto overall economy.
Patience is the key here to deal with anything that is related to crypto and blockchain. A calm mind will always get maximum output. Cheers.
December 22, 2018, 10:26:52 PM
Volatility happen in any market and not just in cryptocurrency market. Cryptocurrency market more high volatile because crypto still unregulated by government and i think its like pump and dumb. But i am believe its real market and real investment
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