Quote from: stayeduptolate on March 18, 2018, 02:00:50 PM

Quote from: iamTom123 on July 03, 2017, 05:12:02 AM

I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).

Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?

Volatility of bitcoin has developed due to the dearth of market knowledge amongst it's investors. People investing in bitcoin for a quick cash generally tend to get swayed by market emotions and overambitious claims by the champions of the crypto currency.
The complexity of Blockchain and the esoteric manner in which the currency operates makes it a tough study, this leads to people investing mostly on the basis of little know ledge and hearsay. As a result the market experiences intermittent patterns of sharp rise and fall, this leads to volatility.

In other words, to be able to explain this simply, you can understand that the market today is the majority of investors are speculative. They are not really investors, because they are susceptible to fluctuations by rumors and FUD. In addition, their purpose and reason for investing in Bitcoin is ambiguous. Probably, some people for profit or friends recommended should join this market without any knowledge. That is why when Bitcoin prices fell sharply, most of these speculators reacted aggressively and sold off.