Quote from: entrepmind23 on June 02, 2018, 01:02:08 PM

Quote from: Febo on June 02, 2018, 12:19:45 PM

Actually Bitcoin high price increases are attracting different speculators to buy Bitcoin. Some of them then latter read and learn about Bitcoin and stay. Most when market settle down leave. So saying high volatility is bad is super wrong. It is what made Bitcoin so popular that fast.

Bitcoin's movement is a trader's paradise because of its volatility. Well at least for those who are already familiar with the market but for those who are new to it, most probably it would be a disaster if they would trade using emotions. We know that cryptocurrency market is heavily manipulated that's why we should start with small amount to be familiarized with it and be able to read the movement of the whales so that we can ride with it.

Quote from: Miztro on June 02, 2018, 10:37:57 AM

There are too many average Joe's that quickly react to any change in the price of BTC, and this is what's causing such huge fluctuations

I don't think its the doing of an average Joe when there are pump and dumps of millions worth of bitcoin in just a single buy or sell. The whales are doing it but for us Average Joe, we cannot do something about it because it is the nature of the market currently. We can just try to think like them so that we can still profit from this market.

I agree with you about thinking like them but it is unpredictable.

Example: An entity buys an ALT and then pumps bitcoin. The Alt goes up and they sell the ALT at a profit and then they dump the bitcoin. This is one example. These guys are professionals and can do this any tick of the clock and it is so so so unpredictable.