And what about those that buy coins ad let's say 2421 dollars to pay their employees and next day coins are 2634? profit right? what about the stupid employess that will hold a few days more? with these price swings I don't want to be paid in bitcoins. What goes but cand go down.
The vola would stop if people would stop panic buying or selling. ATM the price is at 116. If you want to sell, why not selling at 120? Or buying at 110? The price went through both 110 and 120 dozens of time in the last few weeks. It will do so again. And again, and again.
If 5% here learn that adding liquidity to the market saves them money while taking liquidity costs them, the price will stabilize. Listen:
I will continue to take your money if you continue to take liquidity! Stop inducing vola. Learn patience.
Why am I saying this? Because I want the Bitcoin price at 10,000. Which is where we will go if you stop fooling around. I don't want to make a few bugs from the vola you induce.
PS:
If people would start spending Bitcoin and earning Bitcoin, the price would stabilize. You'd be surprised about the bargains you get with Bitcoin.
Everybody want's it at 10,000 but no hope for 12 months.