Re: Why Bitcoin price is so volatile? What are the major factors that drive it?
Volatility mainly drives from being unregulated and I still think that it is a good think and not a bad thing, I believe we should probably just accept it as it is because we are profiting from it as well.
It is only existing in crypto market. This characteristic of volatility can not be found in other markets. There are circuit breaks in stock markets. The unrestricted margin of volatility for now gives us chances and risks. To get profit and reduce losses, we have to manage risks for our investments and tradings. By manage our portfolio and decentralize it.Quote
I get that people do not like it when it goes down so much so quickly, who would love to see 30% go down that is of course a bad thing for many people but we have also made 5x increase as well so if we didn't had that kind of volatility we couldn't make any profit like this neither. Long story short we are not in a bad situation with these volatile prices, we should see this as an advantage and just focus on buying more and more during drops and smiling during the bull periods 
.
Make stop loss or stop limit for trades. If your position is on-going with profit but you want to take profit at higher targets, use positive stop loss for your profit. It will protect your profit and your capital. Don't be greedy and lose profit as well as capital with crash by too high volatility in crypto..