Quote from: Shenzou on June 21, 2021, 08:37:24 PM

Quote from: KingsDen on June 21, 2021, 06:34:23 PM

One of the undeniable features of BTC is price Volatility. When the market is green, a trader can run into massive profits. However, on a bad day ones Portfolio can varnish within hours. My question, is the price volatility of BTC more of an advantage than disadvantage to traders?

It is as you are saying bitcoin's volatility is good in a lot of ways, it allows traders to earn money from buying when the price is low and selling when the price goes up, for normal person who is not trading it it does cause much of an issue that is if you are sure about your investment and you went into investing in bitcoin for the long term.

For experienced traders, the high volatility of the cryptocurrency market is certainly very attractive, as it allows high profits. At the same time, because of this feature, states are not very keen on legalizing cryptocurrency, considering it a too risky financial asset. Also, because of this feature, a decentralized cryptocurrency can only circulate in our society along with the national money of states. However, in general, cryptocurrency increases our right to choose, we can use different markets depending on our goals and capabilities.