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Topic: Volatility and its effect - page 4. (Read 984 times)

hero member
Activity: 1960
Merit: 547
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August 19, 2023, 10:53:12 PM
#76
Even if this year doesn't have any significant drops, there won't be a bull run and that's almost certain. From historical data as well as the macroeconomic situation…all do not support a bullish scenario this year. I even start to think that there will be no recovery at the end of the year when there is news that the Fed still wants to keep raising interest rates because inflation shows signs of increasing again.

People who feel the red market is bad because they bought at a higher bitcoin price or they don't have enough money left to buy more bitcoins. It is not always available to everyone with fiat to invest because as we all know the current economic situation is not very good.

When Bitcoin moved from 16k to 30k we heard that bitcoin is going up because economic condition based on fiat is not good and Bitcoin is the solution. Now we have a dip and there are speculations not in favor of Bitcoin.

In theory, bitcoin was created to fight inflation, it is a viable alternative to fiat when the devaluation of fiat is getting worse. But in reality, bitcoin is being treated as a speculative investment, so I doubt that people will hold bitcoin when inflation or crisis hits. If people actually hold bitcoin to deal with inflation, then I believe there won't be any dumping.

I don't know from where bitcoin will move from here, but based on my experience with bitcoin I can affirm that this situation is very much normal and there is nothing to worry about. I am not selling my Bitcoins and so should everyone.

What's happening is a very normal thing, and I think it's just the bitcoin's movement. Bitcoin has increased, it must decrease and vice versa, after falling, Bitcoin will definitely increase. So as long as we don't sell bitcoin when it drops in price, nothing will happen to us.
hero member
Activity: 2828
Merit: 518
August 19, 2023, 08:07:02 AM
#75
Almost the majority of the community here in the bitcoin space knows that it is volatile, in short most are aware of it. So it's not new. The level of aggressiveness of volatility only varies depending on the movement of demand supply and news in the bitcoin industry.

But the volatility that Bitcoin has is a good feature of Bitcoin for any traders to make money, depending on the understanding of each individual who will carry out the trading activity. And it is also possible to lose or lose the capital investment natib if we are careless.

Bitcoin volatility has its pros and cons, it's not quite as good as we think. Bitcoin's volatility would be a good feature for investors, but for those who use bitcoin as currency, it is a very annoying feature. It can be said that depending on how each person uses bitcoin, we will see this volatility feature good or bad.

We don't have too many people using bitcoin as a currency, most of us are looking at bitcoin as an investment to make a profit. So my question is, will bitcoin still become popular and widely used if its volatility disappears?
And the reason why businesses are not preferred to accept Bitcoin than just keep on fiat. Of course, volatility was not good for them as it was so stressful on their part but investors does and profited more. So until now, the majority are considered it as an investment and even it was been accepted in our place, it was seldom for someone to use it to buy stuff instead, they just converted it to fiat money because of its value. And so I understand that merchats wanted to see Bitcoin become less volatile for at least, it was not too risky on their part.
legendary
Activity: 2184
Merit: 1024
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August 19, 2023, 07:52:25 AM
#74
Almost the majority of the community here in the bitcoin space knows that it is volatile, in short most are aware of it. So it's not new. The level of aggressiveness of volatility only varies depending on the movement of demand supply and news in the bitcoin industry.

But the volatility that Bitcoin has is a good feature of Bitcoin for any traders to make money, depending on the understanding of each individual who will carry out the trading activity. And it is also possible to lose or lose the capital investment natib if we are careless.

Bitcoin volatility has its pros and cons, it's not quite as good as we think. Bitcoin's volatility would be a good feature for investors, but for those who use bitcoin as currency, it is a very annoying feature. It can be said that depending on how each person uses bitcoin, we will see this volatility feature good or bad.

We don't have too many people using bitcoin as a currency, most of us are looking at bitcoin as an investment to make a profit. So my question is, will bitcoin still become popular and widely used if its volatility disappears?
hero member
Activity: 1666
Merit: 453
August 19, 2023, 04:36:27 AM
#73
Almost the majority of the community here in the bitcoin space knows that it is volatile, in short most are aware of it. So it's not new. The level of aggressiveness of volatility only varies depending on the movement of demand supply and news in the bitcoin industry.

But the volatility that Bitcoin has is a good feature of Bitcoin for any traders to make money, depending on the understanding of each individual who will carry out the trading activity. And it is also possible to lose or lose the capital investment natib if we are careless.
hero member
Activity: 1078
Merit: 566
August 19, 2023, 03:31:24 AM
#72
Even if this year doesn't have any significant drops, there won't be a bull run and that's almost certain. From historical data as well as the macroeconomic situation…all do not support a bullish scenario this year. I even start to think that there will be no recovery at the end of the year when there is news that the Fed still wants to keep raising interest rates because inflation shows signs of increasing again.

People who feel the red market is bad because they bought at a higher bitcoin price or they don't have enough money left to buy more bitcoins. It is not always available to everyone with fiat to invest because as we all know the current economic situation is not very good.

When Bitcoin moved from 16k to 30k we heard that bitcoin is going up because economic condition based on fiat is not good and Bitcoin is the solution. Now we have a dip and there are speculations not in favor of Bitcoin. I don't know from where bitcoin will move from here, but based on my experience with bitcoin I can affirm that this situation is very much normal and there is nothing to worry about. I am not selling my Bitcoins and so should everyone.
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
August 19, 2023, 03:12:24 AM
#71
Today is another bad record because the price has dropped by more than 7%, the price is getting farther away from the bull run and it doesn't seem like it will happen this year, bitcoin's volatility is still high, so we must always be vigilant, I use coinbase which gives a warning if there is a price fluctuation high of more than 5% in a day, but we shouldn't panic in facing dump situations like today.

Bull run was never going to happen this year, this year was meant for recovery and we're still going to have that at the later part of the year, we still have like 4 months before the year ends and that's a very long time for the narrative of the market to change from bearish to bullish.

Don't see red days in the market as a bad day, that's not a mindset of a smart investor. You have to see all red days as an opportunity to accumulate Bitcoin because if you join the crowd by panicking and selling your Bitcoin, there's another smart inventor buying them off you.

Instead of selling, we should be buying and hold until Bitcoin has given us profit to sell. Bear market are for accumulating and we should be expecting days like today in the market that's why we should have fiats available so we can enter the market and buy at a discount of -7%.

Even if this year doesn't have any significant drops, there won't be a bull run and that's almost certain. From historical data as well as the macroeconomic situation…all do not support a bullish scenario this year. I even start to think that there will be no recovery at the end of the year when there is news that the Fed still wants to keep raising interest rates because inflation shows signs of increasing again.

People who feel the red market is bad because they bought at a higher bitcoin price or they don't have enough money left to buy more bitcoins. It is not always available to everyone with fiat to invest because as we all know the current economic situation is not very good.
legendary
Activity: 1288
Merit: 1081
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August 19, 2023, 02:45:02 AM
#70
Today is another bad record because the price has dropped by more than 7%, the price is getting farther away from the bull run and it doesn't seem like it will happen this year, bitcoin's volatility is still high, so we must always be vigilant, I use coinbase which gives a warning if there is a price fluctuation high of more than 5% in a day, but we shouldn't panic in facing dump situations like today.

It is bad news to people who are planning on selling their Bitcoin holdings but for those who wanted to accumulate, the Bitcoin dump is a very good news to them.  Here is some of the reason:

1. We all know that Bitcoin is highly volatile so there is a huge possibility that recovery will happen anytime.
2. Those who wanted to buy can buy BTC at a discount.  This is also good for DCA.
3. Bitcoin trend is not always downward, once the Bitcoin bull run kick in, those who buy Bitcoin during a dump like this will have a higher profit when Bitcoin starts its record-breaking ATH event.

Your statement about bitcoin volatility is correct and I support what you said above, but I only have to dispute you in one particular statement that you made. You said that for the fact that bitcoin volatility is still high. It therefore means that bullrun is not close and may not happen. This is an outright fallacy or a misconception. For there to be bull run, it therefore means that bitcoin must be highly volatile. If bitcoin is tilting towards stability, how will bullrun be achieved?
All I have to say is that the people that are holding bitcoin should hold fast and try to accumulate more for the coming bullrun.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
August 18, 2023, 09:08:03 PM
#69
Today is another bad record because the price has dropped by more than 7%, the price is getting farther away from the bull run and it doesn't seem like it will happen this year, bitcoin's volatility is still high, so we must always be vigilant, I use coinbase which gives a warning if there is a price fluctuation high of more than 5% in a day, but we shouldn't panic in facing dump situations like today.

It is bad news to people who are planning on selling their Bitcoin holdings but for those who wanted to accumulate, the Bitcoin dump is a very good news to them.  Here is some of the reason:

1. We all know that Bitcoin is highly volatile so there is a huge possibility that recovery will happen anytime.
2. Those who wanted to buy can buy BTC at a discount.  This is also good for DCA.
3. Bitcoin trend is not always downward, once the Bitcoin bull run kick in, those who buy Bitcoin during a dump like this will have a higher profit when Bitcoin starts its record-breaking ATH event.

I don't think it's bad news because before bitcoin was dumped, many people said they wanted bitcoin to fall back to be bought cheaply and finally their wish came true. So I think they were very happy when what they expected happened. But I doubt they will buy bitcoin, or will they be scared and not dare to buy when they see bitcoin falling so fast?

I remember in 2022 when bitcoin dropped to $30k due to Luna crash, and then many expected bitcoin to drop even more to be bought cheaply. And eventually, FTX brought bitcoin down to $15k, but not many people bought in because they were scared and no longer saw it as an opportunity. Many people say they will buy bitcoin, but I really doubt it because there are still many predictions of bitcoin going deeper, which proves that people are more scared than excited to buy.
legendary
Activity: 3010
Merit: 1280
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August 18, 2023, 05:56:06 PM
#68
Today is another bad record because the price has dropped by more than 7%, the price is getting farther away from the bull run and it doesn't seem like it will happen this year, bitcoin's volatility is still high, so we must always be vigilant, I use coinbase which gives a warning if there is a price fluctuation high of more than 5% in a day, but we shouldn't panic in facing dump situations like today.

It is bad news to people who are planning on selling their Bitcoin holdings but for those who wanted to accumulate, the Bitcoin dump is a very good news to them.  Here is some of the reason:

1. We all know that Bitcoin is highly volatile so there is a huge possibility that recovery will happen anytime.
2. Those who wanted to buy can buy BTC at a discount.  This is also good for DCA.
3. Bitcoin trend is not always downward, once the Bitcoin bull run kick in, those who buy Bitcoin during a dump like this will have a higher profit when Bitcoin starts its record-breaking ATH event.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
August 18, 2023, 05:09:48 PM
#67
Today is another bad record because the price has dropped by more than 7%, the price is getting farther away from the bull run and it doesn't seem like it will happen this year, bitcoin's volatility is still high, so we must always be vigilant, I use coinbase which gives a warning if there is a price fluctuation high of more than 5% in a day, but we shouldn't panic in facing dump situations like today.

Bull run was never going to happen this year, this year was meant for recovery and we're still going to have that at the later part of the year, we still have like 4 months before the year ends and that's a very long time for the narrative of the market to change from bearish to bullish.

Don't see red days in the market as a bad day, that's not a mindset of a smart investor. You have to see all red days as an opportunity to accumulate Bitcoin because if you join the crowd by panicking and selling your Bitcoin, there's another smart inventor buying them off you.

Instead of selling, we should be buying and hold until Bitcoin has given us profit to sell. Bear market are for accumulating and we should be expecting days like today in the market that's why we should have fiats available so we can enter the market and buy at a discount of -7%.
hero member
Activity: 2730
Merit: 632
August 18, 2023, 04:53:06 PM
#66
People have been too reliant on the news and easily believe it without any verification if whether is true or false. This is a big factor that affects the volatility of Bitcoin which is why we need to become updated to whatever happens around us. When there is too much FUDs/negativity spread, people become panic and cause a sudden drop in price but if there is positive news, demand is high. It eventually told us that manipulation can easily win the minds of the people and so no way we can see a stable market price but the volatility keeps going.

People believes on news and they don't stop to trust because there is no guarantee that the arising news are false or true so believing matters alot. Like that of upcoming good news heard by all crypto investors so they can't say that this news is fake but they will prepare some amount of bitcoin to reap the benefit out of it.

News sometimes appears to be good for investors because of these news the market goes in that direction in which investors wants so should think positively about it as everything has dual functionalities that are beneficial and harmful.
Speaking about public reaction whether they do believe or not will always be questionable and if decisions had been made then it would really be significantly be seen in the entire market and this is why it would really be always better that you should really be needing to have that speculative approach when it comes into your investment decisions because there's no such thing about assurances on how things would turn out. One things for sure that volatility is the key for us to earn some profits at the same time it is the reason for us to lose our investment. This is why if you cant really be able to bare out such condition or situation then its better to skip out
crypto investment but if you are that someone whose prepared on to deal with volatility then it would really be your choice on what you should really gonna do. Effects could neither be positive or negative and
basing up on which price point you had entered on the market.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
August 18, 2023, 01:14:14 PM
#65
People have been too reliant on the news and easily believe it without any verification if whether is true or false. This is a big factor that affects the volatility of Bitcoin which is why we need to become updated to whatever happens around us. When there is too much FUDs/negativity spread, people become panic and cause a sudden drop in price but if there is positive news, demand is high. It eventually told us that manipulation can easily win the minds of the people and so no way we can see a stable market price but the volatility keeps going.

People believes on news and they don't stop to trust because there is no guarantee that the arising news are false or true so believing matters alot. Like that of upcoming good news heard by all crypto investors so they can't say that this news is fake but they will prepare some amount of bitcoin to reap the benefit out of it.

News sometimes appears to be good for investors because of these news the market goes in that direction in which investors wants so should think positively about it as everything has dual functionalities that are beneficial and harmful.
sr. member
Activity: 1484
Merit: 254
August 18, 2023, 09:33:15 AM
#64
Today is another bad record because the price has dropped by more than 7%, the price is getting farther away from the bull run and it doesn't seem like it will happen this year, bitcoin's volatility is still high, so we must always be vigilant, I use coinbase which gives a warning if there is a price fluctuation high of more than 5% in a day, but we shouldn't panic in facing dump situations like today.
sr. member
Activity: 700
Merit: 380
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August 16, 2023, 08:39:23 PM
#63
We know that there are changes in the Bitcoin market, sometimes the market will start to fluctuate which causes a lot of losses. But it doesn't stay the same but the volatility will disappear sometime and there will be risk of profit. All investors face the most volatility when the market is in a bear market. But when a bull market re-emerges in the market, the volatility is removed and all investors are able to earn a good amount of profit. Many a times people make predictions with the aim of making their profit but most of the predictions are not right or wrong and they get stuck due to market volatility. Bitcoin has a reputation for dominating the market and is usually able to pay well when volatility ends.
legendary
Activity: 3122
Merit: 1140
August 16, 2023, 04:46:41 PM
#62
As we have seen all week long and a bit more than that, the price goes close to 30k and then close to 29k and then close to 30k and the.. well that continues like that non-stop. The volatility is there but the amount is very little and that is what I want to talk about, its not that much all the time. Volatility does happen time to time but it doesn't happen all the time, we just end up with bigger volatility during bear and bull runs. However, when we are not on a bear or bull run, we do not end up with any of that, price gets stuck and keeps on being the same price again and again. This is why there is no need to worry about the situation and feel a lot more comfortable about it.
Generally, there is not this much stability in the market because the market is either in the bear run or the bull run, which means it is either going down or going up, this thing only happens once in a while when the market gets totally stagnant as it has become right now. However, it is obviously nothing to worry about, those who want to buy or those who want to sell both should have some patience and keep holding their assets until the market moves.

The current market is not bad for buyers though because it isn't that high, and as the bull run is expected to occur next year, if the price starts going up from this point, this might be the bottom for the current market until the next cycles come when the market enters the bear run once again.
The market is like a roller coaster it will be going up and down. But we should never have to think that every drop is a bad thing in crypto instead, we consider this as an opportunity to accumulate more. As we usually heard when there is a market crash, many people got panic and sold their coins but not knowing that some people had take this advantage of buying them cheap coins which could give them a huge profit once it pumps back.
Well, as usual, not all will understand and see the opportunity in every market situation because what we had focused on is today but we're not looking at the future outcome.
One of the main things that you would really be able to realize on the time that you do step your foot into this market on which it is really like that riding a roller coaster ride which is really definitely the precise picture
on what this market looks like.Therefore, you should really be making yourself that be prepared on whatever things that you would encounter but this would be mainly talking about volatility. Somehow if we do really talk about its effect then it would be neither a profit or a loss depending on where you do position yourself whether on the bottom or on the peak. You would be finding yourself about the outcome whether its positive or negative. We cant really be able to predict on what would happen as this should be the main thing that we are really that questioning since market is unpredictable.

This is why we are really that prone to mistakes and errors due to unpredictability on which it is really that something normal to be faced on. Only people who are really that good on decision making
and making some analysis on the market would really be always have the advantage but of course it isnt really that an assured thing.
STT
legendary
Activity: 4102
Merit: 1454
August 16, 2023, 04:45:33 PM
#61
Honestly this reminds me exactly of the price action in 2015 and 2019.

Does seem familiar and I should chime in as I did sell in the autumn of 2016, of course the 2017 lead up was memorable and I was bullish about the start of Feb 2017 but it was a bit unfortunate that I chose to sell some BTC previously when it was not far off going up so much.     2016 as I remember was not negative at all, it peaked and then got boring as mentioned and a bit of a decline but not severe hence lots of opportunity to sell if you wanted.   I needed to buy something so used the BTC, took a guess it could return down so not too bad a time to sell but it was really.   Never short a dull market, this one is pretty dull so yea its in line with history of BTC I agree.
hero member
Activity: 2982
Merit: 610
August 16, 2023, 04:38:00 PM
#60
As we have seen all week long and a bit more than that, the price goes close to 30k and then close to 29k and then close to 30k and the.. well that continues like that non-stop. The volatility is there but the amount is very little and that is what I want to talk about, its not that much all the time. Volatility does happen time to time but it doesn't happen all the time, we just end up with bigger volatility during bear and bull runs. However, when we are not on a bear or bull run, we do not end up with any of that, price gets stuck and keeps on being the same price again and again. This is why there is no need to worry about the situation and feel a lot more comfortable about it.
Generally, there is not this much stability in the market because the market is either in the bear run or the bull run, which means it is either going down or going up, this thing only happens once in a while when the market gets totally stagnant as it has become right now. However, it is obviously nothing to worry about, those who want to buy or those who want to sell both should have some patience and keep holding their assets until the market moves.

The current market is not bad for buyers though because it isn't that high, and as the bull run is expected to occur next year, if the price starts going up from this point, this might be the bottom for the current market until the next cycles come when the market enters the bear run once again.
The market is like a roller coaster it will be going up and down. But we should never have to think that every drop is a bad thing in crypto instead, we consider this as an opportunity to accumulate more. As we usually heard when there is a market crash, many people got panic and sold their coins but not knowing that some people had take this advantage of buying them cheap coins which could give them a huge profit once it pumps back.
Well, as usual, not all will understand and see the opportunity in every market situation because what we had focused on is today but we're not looking at the future outcome.
hero member
Activity: 2716
Merit: 552
August 16, 2023, 04:17:35 PM
#59
As we have seen all week long and a bit more than that, the price goes close to 30k and then close to 29k and then close to 30k and the.. well that continues like that non-stop. The volatility is there but the amount is very little and that is what I want to talk about, its not that much all the time. Volatility does happen time to time but it doesn't happen all the time, we just end up with bigger volatility during bear and bull runs. However, when we are not on a bear or bull run, we do not end up with any of that, price gets stuck and keeps on being the same price again and again. This is why there is no need to worry about the situation and feel a lot more comfortable about it.

Regardless of how low the price changes are, that is still called volatility. You may call it high volatility or low volatility, only thing is that bitcoin was known for it's high volatility. Also, volatility happens from time to time, otherwise day traders wouldn't be able to take a profit if bitcoin stops being a volatile asset for a specific period of time.
The current price movement is caused by the investors being neutral on buying or selling their bitcoin currently, but I suppose people would be accumulating more bitcoins anytime this year to take advantage of the bitcoin halving effect, it would for sure going to cause a significant increase in price.
legendary
Activity: 2436
Merit: 1561
August 16, 2023, 03:36:28 PM
#58
..and another one that's hot now and we know that previously BlackRock has filed a bitcoin ETF and it was considered a move that many saw as a game changer for the industry but, what's happening now is the US Securities and Exchange Commission (SEC) has postponed the decision until 2024 the listing of a Bitcoin Exchange-traded Fund (ETF) by Ark Invest led by Cathie Wood was previously planned for the middle of this month.

So, will Bitcoin be sluggish again?

I wasn't aware of that, but looks like the SEC indeed took advantage of the option to extend the deadline for making the decision from the initial 45 days to the maximum of 240 days.
This doesn't mean SEC have to wait till the early 2024. In theory they can make the announcement anytime before the deadline, but I don't think they'll be rushing.
So far the news didn't seem to have much impact on the price with only small dip in the price. It could get interesting if SEC's announcement gets aligned with the halving date.
sr. member
Activity: 882
Merit: 215
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August 16, 2023, 12:02:18 AM
#57
Honestly this reminds me exactly of the price action in 2015 and 2019. Basically absolutely no movement day in and day out. Every single break is a head fake. The day traders are the only ones that can make any money in this market.

I guess it’s good. You can call it the accumulation phase and we will eventually breakout. However this is testing a lot of peoples patience and many will simply leave crypto for stocks due to boredom.

The "crab market" is just part of the game and as you said, it could be an indication of the accumulation phase. I don't think any serious investor would abandon crypto just because of the boredom. As long as there's no reason to believe the next bull run will not happen - I think we're safe.
And of course, if people leaving due to the lack of action was true, we'd see the price tanking rather than holding still.

..and another one that's hot now and we know that previously BlackRock has filed a bitcoin ETF and it was considered a move that many saw as a game changer for the industry but, what's happening now is the US Securities and Exchange Commission (SEC) has postponed the decision until 2024 the listing of a Bitcoin Exchange-traded Fund (ETF) by Ark Invest led by Cathie Wood was previously planned for the middle of this month.

So, will Bitcoin be sluggish again?
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