Post
Topic
Board Bitcoin Discussion
Re: Is BTC Volatility More of an Advantage than Disadvantage?
by
sapnu
on 20/08/2021, 13:20:33 UTC
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 will depend on the investor's timing. The volatility often mark a detrimental effect on your certain holding since most of the time these days, the value goes down than it goes high. But once you are able to find the right timing on selling, you will learn how beneficial the volatility can be like for example, you bought some of your investment for a low price but after holding for a long while, a bull run takes place and you can sell it in a higher price. Just learn to be patient and always make sure that your decision making is not affected by your emotions for it usually leads you to mistakes which you'll later on regret.