With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins?
What are your thoughts??? What should we do??
As it stands today at this moment, the Bitcoin volatility index reads:
4.57% the latest 30-day volatility estimate
3.54% the latest 60-day volatility estimate
The bitcoin volatility index for present day can be seen at:
https://btcvol.info/My opinion of bitcoin longterm can be investigated here in
this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0When you talk about volatility, you should also consider the ups happening. Bitcoin was able to give returns like 100% in a month or even less because of this volatility only. I think the best time to buy some is when prices have dropped to 10% or more in a single day. I am using a similar approach for Ripple currently and making huge profit with this. In case you are worried with bitcoins being that much volatile, just withdraw all your holdings when the prices recover. It is anyway no a right choice now for short term trading.