Post
Topic
Board Economics
Re: Is Bitcoin Volatility A Bad Thing?
by
Cameo
on 09/03/2018, 19:08:50 UTC
Bitcoin volatility is not bad, it just represents the supply and demand at the market. If many people buys bitcoin the lesser the supply left, and the lesser supply the higher bitcoin value price will be at the market.

Agree to your point and I will like to add that within this volatility or I will say in the fluctuations a person can earn a good amount of profit. As these type of fluctuations are wanted by the expert traders who go to buy and sell at different stages of the price and they earn when the price recover to an expected level. By the way if you are not much expert in trade then you have to hold your money in Bitcoin and do not need to fear from these fluctuations as if the price of Bitcoin will start to increase then it will take no time and it has happened to many people who converted their Bitcoin to fiat and then on the next day they found the price too much high and then regret their selling.