Topic: Unstable prices of cryptocurrency (Read 642 times)

Volatility is what makes bitcoin a standard currency with good value,  if their no volatility in bitcoin it will just be like other currency,  it won't be solving the problems of people financially.  Volatility is what makes bitcoin to be different from the traditional currency and the volatility is what interest people buy bitcoin and invest in it with time it will yield more profits.  A currency that is not volatile like bitcoin won't be a good one for people to invest their money.

Like the traditional currency which is not volatile like bitcoin it is not a good decision to have it and stock it in the bank for a long period of time , after some period of time it can lose value, but the case of bitcoin is different as the time counts it increases in value.

When you already understand this system and you see there are new people who still don't understand the system and the properties of Bitcoin. That's when you should give an explanation to the person so that he can better understand the market system and the nature of fluctuations in Bitcoin prices, although over time people like the OP will also understand if they continue to learn and be patient enough to see and deal with all the situations that occur in about the market and Bitcoin.

Some people don't understand how the system works, bitcoin price must fluctuate because that's it's nature, I strong believe that this unstable nature of Bitcoin price has something to do with it's continues existence, but for sure when it come to btc you don't expect any less than this character, but the truth is that I won't blame the op because he us new in the system may be with time he will adapt, in money market generally, the unsteady price is a normal thing, that's is why the business is meant for people that have patience withstand whatever wave that may come in the process.

Bitcoin is a volatile asset and it can’t be hold in that manner. If you’re looking to keeping cryptocurrency without anything happening to the price you’ve used to purchase them, then you must convert all of your hodlings to stable coins. Asides from them, any coin you buy will either move up or go down depending on how the market volatility is affecting the prices. Switching between any other coin and stable coins is what most traders do to get short term profits.

We should not expect the price of Bitcoin to be stable looking at the nature of the market. The price of Bitcoin eventually becomes stable, it would affect the market entirely and people would not be able to trade in the market the way they ought to trade. There are many things that constitutes the market if only we know what truly moves the market. Bitcoin need to be unstable so that people will be able to trade it. If we don't trade Bitcoin, the price would not be able to go bullish like we ought to. Since we have stable coins that are stable, then we can trade it against Bitcoin coin for us to make profits from the market.

The value of your Bitcoin will only decrease against the US dollars while the amount or number of Bitcoin you have will remain the same.
Since Bitcoin is still priced against the US dollars, this will continue. Don't get too worried or bothered about the fluctuations you see in the price, for this is how the market works. Therefore, stomach the noise and focus on your target, whether it's 1 year, two years or above you won't have the price of Bitcoin still be sitting at the price you purchase today, especially now that we have a bull market ahead.

The Bitcoin price is not stable; it is always fluctuating, and that is the reason why the price keeps changing, which is caused by demand, so the more people buying it, the higher the price will keep increasing, and if possible, they are not demanding but selling, that is how the Bitcoin price will be going down, and that was the reason why before you bought your Bitcoin it, the price was increasing. The unstable price of Bitcoin is what makes it an investment; if the price is stable, it wouldn't be called an investment, and people like demanding it that much.

Op I believe you should have know all these little things about Bitcoin before you invest in it or cryptocurrency. It is never a good idea to just invest in something that you don't have good knowledge all about because, in the process, you can easily get confused and likely follow the wrong direction, and with that you lose all your capital. Any investment is sweet if someone is knowledgeable about it.

Some think that if the price of bitcoin or alt is stable then its good for the whole crypto market but they don't realize that they lose an ability to earn with that and might they ignore bitcoin since for sure they would think about fiat is more better than this coin. We know how risky its volatility that's why we need to undergo a lot of research and experience so that we can deal with those risk and also there's a lot of crypto we can enjoy in this condition so we need to be aware on each movement or even follow the news so that we can possibly enjoy trading these coins. Research is only the important thing what people do so that they can gain a lot of knowledge and for sure they would love to see those pump and dump movement happened in the market.

If the price of Bitcoin and other altcoins were stable, then it is unlikely that the crypto currency market would interest you. It is the volatility of the price that attracts investors to Bitcoin, the price of which can increase many times. But on the way to high, the price is necessarily adjusted and you, as a Bitcoin holder, need to know this.

Maybe you don't remember the amount of bitcoin that you bought. If you purchase bitcoin, no matter how dip the market goes, what will be affected is the value of the bitcoin that you bought. The amount that you used to accumulate bitcoin will be the only thing dropping, and the number of bitcoins that you are holding will remain the same. If you are holding 1 bitcoin, no matter how bitcoin dumps or pumps, your 1 bitcoin will always be 1 bitcoin, it's not going to increase or decrease.

If you notice that the bitcoin that you are holding is dropping, then I will recommend you change where the bitcoin is being stored. Maybe someone already has access to where you store your bitcoin, and you don't know, it might be the person who is stealing from your bitcoin. So just notice the amount of bitcoin, if there is a deduction in the bitcoin, then change where it's stored.

I think you don't really understand the OP. The OP is claiming that there is a deduction in his bitcoin and not the value. Even if there is fluctuation, the only thing that will fluctuate is the value of the bitcoin and not the amount of bitcoin in the wallet, so I guess the OP didn't really know the amount of bitcoin stored in the wallet, or maybe someone is taking from the bitcoin in the wallet, or maybe the op means the value of bitcoin is dropping and not the bitcoin.

Looks like it will happen. I saw that the market has just started to reverse the price back up, if the highest price some time ago is exceeded again, it will be very certain that what you said will most likely happen, it's just a matter of being tempted or not for those who are patient and have been holding their BTC from being sold. why is that because this is also the New Year moment and many people will take time off to go on holiday with their families. Yes. 8 more days left for December and after that 2024 will come.

The problem you have is that you read nothing about Bitcoin before buying. You saw Bitcoin as a get-rich-quick scheme which is why you think you could buy Bitcoin and sell it in a few days making so much profit. Another mistake you have made is that you bought Bitcoin during the pre-bull run when the price was already high.

I have two pieces of advice for you, the first one is that you need to invest time to read about Bitcoin. Information in this forum will be valuable if you want to do research. The next one is that you have to be patient if you claim to be a long-term investor. The price will keep going up and down until you get to your targeted loss or profit. You will make a profit if you are able to overcome FUD and sell above your buying price. But if you become scared, you might be tempted to sell below the buying price which leads to a loss.

Kinda baffled in this last sentence of yours @sandra, I wonder what is the relation of developing one self to the fluctuating price of cryptocurrency?  I bet none..? 

Anyway, @OP is just new to the crypto scene and was hyped to buy when Bitcoin is surging and when the price plummet @OP is somehow worried that his investment will suffer losses.  That is natural especially when the investor have shallow understanding of what he is invested with.  I would like to suggest @OP to keep on holding your Bitcoin while you are learning things about the Bitcoin market.

Since Bitcoin is for long term hodl, I bet you will have ample time @OP to understand what kind of investment you get yourself into and as you learned you will start to believe that you have not wasted your money investing in Bitcoin.

you quickly bought Bitcoin because the price was increasing day by day... Is that what you call HODLing?? How do you expect an increment in your coin with the little movement and price action, considering the volatility and everything??..

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There's a designated time to buy and HODL; that's the DIP..  it's advisable as that'll augment the VALUE, not the QUANTITY... Take note. You said it already that the price of cryptocurrencies are unstable,... Are you supposed to jump into the market like that??  that's why you ought to learn and develop yourself first..

Sandra 🧑‍🦰

This is the reality of cryptocurrency in general, the amount of the crypto that you have remains what it is, only the value fluctuates accordingly to the supply and demand in the crypto market. I hope that the OP has a better understanding of how Bitcoin works, the value increases when it's price pumps, likewise when there's price dump it's value decreases. So to be on the safer side let him consider to hold his Bitcoin on a long term basis, because despite how it's price fluctuates, in the long run it's always more valuable, so leave it throughout bear run and sale during bull run. Bitcoin is a valuable digital asset and a very good option for anybody that wants to invest their money.

You need to understand that the price of bitcoin is volatile and you can only make profit from Bitcoin,  if only you can hodl. You can't predict bitcoin to make profit at your own of wish. Do not be worried of the dip you see when you have bitcoin in your wallet. The dip won't remain forever, the dip is also an opportunity for other people to buy bitcoin too. Do not get panic of the dip,  it just the nature of Bitcoin.  You just need to exercise patience to hodl bitcoin,  without patience it will be impossible for you to hodl bitcoin,  don't be distracted of dips, when you keep on hodling even with the dip their is no lose that has occur, but when you sell in panic because of the dip you will be at lose.

Bitcoin's price has a fluctuating nature, of course for beginners there will be a little disappointment, but that's normal for beginners because they may not be experienced and don't have much insight, but for those who have known Bitcoin for longer and have extensive knowledge, of course there will be no panic when they see it. BTC price goes down. op, the price of BTC is always fluctuating and the price of BTC is always going up and down, but of course the number of BTC will not decrease. The fluctuating price of BTC certainly has a positive impact on those who can make good use of it. I think holding BTC is certainly the best way and only selling when there is a profit. Op, don't panic about BTC because BTC is the safest crypto, but of course investing in BTC is very risky, and only money that is ready to be lost is worth putting in BTC. and use a secure wallet so that your assets are kept safe like a hardware wallet.

The price of Bitcoin is unstable and that answer your question if you can hold at specific price. This is one of the reason why people are engaging themselves in Bitcoin, due to high volatility and a chance to gain huge if you're patient to wait.

Keep in mind that your Bitcoin is still intact and only its price is changing. That's why long term hodlers doesn't concern themselves even the price is plunging since they plan to hold for long time. It is actually the suitable strategy if you want to maximize your profit. Nevertheless, take time to learn to become aware of what an investor should know before investing.

OP Inasmuch as currencies not only cryptocurrencies are concerned, there is absolutely no way the prices can be stable, there will always be fluctuation in their prices due to the competition they face in the capital market. So the unstable prices of crypto currencies will always continue but the value of the assets that is being purchased doesn't change so don't be afraid of their fluctuations as your assets are still intact, your concern should be on acquiring more of it regardless of their current prices.

What I dont think thats even possible. You mean to say to stuck at the price of purchase? Its a volatile asset and it will tend to go up and down in the long run. If you want something that dont move then buy stablecoin usdt or udsc. This might change in value but not really moving far from the price. Probably you are confuse about it. When you bought at 43k and it go down, you expect it to go up only and wont touch your entry and just sell at high? This isnt gonna make sense. Learn how crypto works best first mate before purchasing a lot of different asset.