Quote from: Ozero on Today at 05:03:59 AM

Quote from: nitrobetting on September 29, 2021, 04:14:37 PM

Isn't speculation and volatility a problem for Bitcoin?

This question cannot be answered unequivocally. Bitcoin is widely used now as a speculative financial asset and has very high price volatility. By this, it attracts most of the participants in this market, since it provides an opportunity to receive high profits, which are much higher than in other markets. However, the use of bitcoin mainly as a speculative asset does not allow it to be widely used as a means of payment and, thus, it does not fully fulfill its purpose.
The price volatility of bitcoin, like that of all cryptocurrencies, is both a boon and a downside. But this is inherent in the nature of decentralized cryptocurrency and it is unlikely that anything can be changed here.

I think because Bitcoin is a speculative asset and its price is also very volatile, that is the attraction of Bitcoin. Because Bitcoin is different from
other assets, investing in Bitcoin can generate huge profits in a short period of time. This means we can get rich faster if we focus on investing
in Bitcoin, because the price of Bitcoin is volatile that's why it can generate large profits if we are able to take advantage of it. But indeed the risk is
very high, we can also experience big losses if we make the wrong decision. That is the importance of learning about Bitcoin first, before deciding
to invest in Bitcoin, so that we understand how Bitcoin works and finally the decisions we take are also right.