Did we get what we asked for - less Bitcoin volatility? - page 4.

nicko122

jr. member

Activity: 462

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Quote from: Kprawn on October 08, 2018, 10:26:29 AM

Do you remember the times when Bitcoin prices were all over the place and price swings of $300 to $500 in any direction was

normal. Roll Eyes

Well, back then, everyone were moaning and complaining about the high volatility and how this negatively

impacted the merchants and using Bitcoin as a payment option.

How things have changed in a matter of 1 to 2 years is astonishing, because now people are complaining about the lack of

volatility and how boring Bitcoin has become. Roll Eyes

Do we know what we want or are we divided in our goals, since more speculators have entered the Bitcoin scene in 2017. Huh

Let's discuss. Wink

It's true, now bitcoin shows stability, which has not been for a long time. The price does not fluctuate much and at the same time remains at about 6500. People got what they wanted. But now people constantly complain due to the fact that its price is not rising, but this is also volatility

WillyZ

copper member

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Just looked Bitcoin graph from previous 3 months. On 9th of July BTC was $6700, today 3 months later it is $6600. Looks very stable.

pat4cryptoreal

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It is only those that keep bitcoin as long term investment that don't benefit from high volatility of bitcoin. Experience traders benefit greatly from high volatility of bitcoin. Traders are looking for that again.

Pan Troglodytes

member

Activity: 392

Merit: 39

Quote from: Kprawn on October 08, 2018, 12:07:36 PM

Quote from: niotib on October 08, 2018, 10:44:21 AM

Different people use Bitcoins for different purposes. In high volatility, one part is happy and in low volatility, other part is happy. In both causes, unhappy part is moaning...

In Bitcoin's case, people advocating for Bitcoin to be a currency, wants the price to be stable and the people using it for trading

wants it to be volatile, because they make the most profits with a very volatile price. The question I posed is actually twofold,

because a definite shift has happened since the speculators has entered the market. In my opinion, more people want Bitcoin

to be more volatile, because they want to increase their profits. Roll Eyes

You made a good point here. There is a third category, of course, "hodlers", very similar to traders (traders buy and sell bitcoin to earn money on price moves), but different in this regard that they don't sell (until certain satisfactory level, of course). They don't want the price to get stagnant, either.

Quote from: BrewMaster on October 08, 2018, 10:38:46 AM

haha, there is always going to be a group of people that are not satisfied with things everywhere you look and in every community. in bitcoin things are the same. when price is volatile people complain, when it is stable they complain again. when it is rising they bitch about how they wish it was lower so they could buy, when it drops they cry about why it is dropping and not rising....

it is a never ending whine in my opinion. of course sometimes there is some merits to it too but usually it is just that whining because they didn't meet their dreams with bitcoin.

The never ending bitching we are hearing comes from different directions, you see. In times of high volatility people who want bitcoin as currency are not satisfied, and in times of stabilized prices traders and hodlers are unhappy.

Crypto Girl

sr. member

Activity: 980

Merit: 294

Quote from: squatter on October 08, 2018, 06:36:32 PM

Who wanted less volatility? Not me. Then again, I guess I'm not a merchant with fiat-denominated overheads. I think the volatility is one of the things that attracted me to Bitcoin, as someone who loves studying markets.

Anyway, I think of this stable period more like the "eye of the storm" than anything else. Volatility isn't gone. It's just hibernating. Wink

And anytime soon it will awake and it will either give us losses nor profit, so hang on.
While we're not seeing the volatility as we feel like something is missing, and that's the good profit that we longing for the past few months. We're just actually used to have a decent profit, don't we?

Though I don't see this as a threat and sure thing that it will be back to its usual movement.

Pan Troglodytes

member

Activity: 392

Merit: 39

Quote from: odolvlobo on October 08, 2018, 01:04:56 PM

Lower volatility is good for everyone. There is really no reason to complain about lower volatility. A real trader would just increase their leverage.

Consider fiat currency trading. A forex trader makes (or loses) money when the value of a currency changes by $0.0001.

But then your real trader would need to transact a derivative instrument, not a real thing, effectively making him not a bitcoin user or bitcoin trader, but a derivative trader.

hashshashin

sr. member

Activity: 728

Merit: 250

Look ARROUND!

You are right, there are always people who are dissatisfied with something, but in fact, I believe that Bitcoin and the market as a whole will still be volatile, now it’s just a waiting mode, due to the fact that the market is controlled by bears.

Sebas.tian

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Dunno about the others but I still think that the price right now, having less volatility and at a lower level compared last year, is the best possible situation right now. Bitcoin's price needs to grow "organically" so investors new to this market will have more chance to stay since it has become more newbie friendly.

messito

jr. member

Activity: 154

Merit: 1

yes we got it. we got a stable bitcoin but now the investors are even more dissatisfied with it Grin

ChristopherAngelo

newbie

Activity: 10

Merit: 0

Quote from: Kprawn on October 08, 2018, 10:26:29 AM

Do you remember the times when Bitcoin prices were all over the place and price swings of $300 to $500 in any direction was

normal. Roll Eyes

Well, back then, everyone were moaning and complaining about the high volatility and how this negatively

impacted the merchants and using Bitcoin as a payment option.

How things have changed in a matter of 1 to 2 years is astonishing, because now people are complaining about the lack of

volatility and how boring Bitcoin has become. Roll Eyes

Do we know what we want or are we divided in our goals, since more speculators have entered the Bitcoin scene in 2017. Huh

Let's discuss. Wink

There are 2 types of people in the Bitcoin circle voicing out at 2 very different times. When the price of Bitcoin was volatile, traders are profiting off this and kept quiet while merchants who are looking to adopt Bitcoin as a means of transaction are skeptical and had to voice out. Now that Bitcoin is at a stable point in time the tables have turned Grin

Cryptomania843

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Activity: 154

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Everyone is not always of the same opinion. Some people want the Bitcoin to keep going down to fill their bags even more and others are tired of being attractive and would like bitcoin to make a big pump. The lack of volume shows that the majority of people are waiting for Bitcoin to come down even more.

1NV3ST0NM3

full member

Activity: 420

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Volatility of bitcoin has been an interesting character trait of the bitcoin market. Crypto coins fluctuate in values at highly volatile rates and thus it leads to an unstable market. But this instability of the market prices is the reason why we are able to reap some profits out of the market.

Bitcoin fluctuates and thus rates go up and down and thus the day traders and speculators and the investors are able to fulfill their short term market objectives.

coinwizard_

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Activity: 336

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Most Advanced Crypto Exchange on the Blockchain

Volatility is why we still don't have an ETF but that will soon change in the coming months. It is probably kept intentionally boring by whales who can see the bigger picture

tiggytomb

legendary

Activity: 1848

Merit: 1000

I know, it is hard time imagine just a short while ago checking your portfolio was exciting but now it has been stables for what seems to be a long long time.

There are still altcoins for those wanting volatility but even altcoins seem to have stagnated.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

Quote from: Kprawn on October 08, 2018, 10:26:29 AM

How things have changed in a matter of 1 to 2 years is astonishing, because now people are complaining about the lack of
volatility and how boring Bitcoin has become. Roll Eyes

Do we know what we want or are we divided in our goals, since more speculators have entered the Bitcoin scene in 2017. Huh

I guess there's only a small fraction who complain Bitcoin recent less volatility. I bet these are traders since they will make less profit if Bitcoin is more stable. It's been great for me, stabilizing around 6K, for now, is fair. I can accumulate a lot from my monthly earning. I wish Bitcoin could be like this till it hits the next halving.

Kakmakr

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Yes, I think we got exactly what we asked for, because I was one of the people who were complaining about Bitcoin volatility back then. At the time, I were buying & selling goods internationally and I was paying with bitcoins and the volatility messed with my profitability, because I had to deal with huge price variations on a daily basis.

In the end, I gave up on paying the suppliers directly with bitcoin and decided to opt for payment via payment processors. The added fees were less than the losses from volatility. Roll Eyes

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: seoincorporation on October 08, 2018, 12:05:30 PM

I don't think we have less Bitcoin volatility, let's see the graph from January to today:

The variance still there, but now isn't between $300 and $500, now we are playing with bigger numbers, this way i think the risk is bigger because because the floor is far away and if wehit it would mean a really dam crash, would be really disgusting for those ones to buy at $15k to see bitcoin going down to $500. And it could happen, i'm sure lot of us will be really happy if it happens but whould be a pain in the ass for those ones who buy at those crazy big prices.

zoom in and check how the price has been acting for the past 2 or 3 months and you can see that i has reached a good stability specially in past months. and make sure to look at percentage of the changes not the amount because $500 change at this point is a tiny change of 5-6% and in bitcoin that is considered stable.

as for the "floor", floor is not 0 but floor is considered a price where the bottom is. in other words where the buy support is strong enough that it can not go below it. and that price has so far been at $5800-$6000

xtrump101

member

Activity: 267

Merit: 11

$onion

Quote from: Kprawn on October 08, 2018, 10:26:29 AM

Do you remember the times when Bitcoin prices were all over the place and price swings of $300 to $500 in any direction was

normal. Roll Eyes

Well, back then, everyone were moaning and complaining about the high volatility and how this negatively

impacted the merchants and using Bitcoin as a payment option.

How things have changed in a matter of 1 to 2 years is astonishing, because now people are complaining about the lack of

volatility and how boring Bitcoin has become. Roll Eyes

Do we know what we want or are we divided in our goals, since more speculators have entered the Bitcoin scene in 2017. Huh

Let's discuss. Wink

i dont think that the price have been settle down its just consolidation once the volume spike up it will be volatile again, just last night the 24hour volume spike upto more than 1 billion, isnt it volatile? Roll Eyes

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Who wanted less volatility? Not me. Then again, I guess I'm not a merchant with fiat-denominated overheads. I think the volatility is one of the things that attracted me to Bitcoin, as someone who loves studying markets.

Anyway, I think of this stable period more like the "eye of the storm" than anything else. Volatility isn't gone. It's just hibernating. Wink

lornadane

full member

Activity: 529

Merit: 101

Since the 2017 Bull market, many people have come into the crypto community only to earn money. They never think about the facts. Bitcoin price is almost stable at 6-6500 USD, some people started complaining why bitcoin stuck at 6K, when will it grow, when will start the next bull run! Actually, they want a bull run to sell their coins to make high profits, they don't want a stable price of bitcoin now. But If Bitcoin price will go 10K USD up then they will pray for the stable it. Now, I think we are getting what we wanted, less bitcoin volatility.

Topic: Did we get what we asked for - less Bitcoin volatility? - page 4. (Read 761 times)