Quote from: jaberwock on September 30, 2021, 08:20:05 PM

However the reality is that we are talking about something that could be very very risky when there are huge movements, those "famous person tweets about it" is just way too big to ignore.

The point is that we tend to focus more on the news of when those famous manipulators move in on the price. It is a normal occurrence to see big spikes at times but these dont happen everyday. What I am trying to say is that the number of times when the market remains under less than +/- 5% is way more than the number of spectacular events, making the latter even out the percentage rise or fall. Most of the times, the volatility remains less than 10-15%.

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That should show you what it means to be volatile and that is why I doubt that bitcoin would ever be considered a riskless trading asset.

Bitcoin is never a riskless asset. Volatility is not the only factor to determine risk. We have governments not being lenient about crypto, we have exchanges getting hacked every few months, unregulated manipulated - all these are risk factors that increase the total risk of bitcoin trading. Indeed we tend to focus more on metrics like volatility index, but these should be kept in mind as well.

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I would be basically a very scared person when trading here, doesn't mean you shouldn't be trading, it just means the profits are higher and loses are higher as well.

Totally agreed on that.