Quote from: OgNasty on August 30, 2022, 11:34:04 PM

Quote from: Rockstar3 on August 23, 2022, 08:36:18 AM

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

If there's one thing you can rely on when it comes to the price of Bitcoin, it is that it will continue to be volatile. That means it will both be higher and lower than it is today. Traders use this volatility to make money. It will likely be a long time before cryptocurrencies see stability, as it is attempting to be a new asset class. It's not for the faint of heart.

That is probably the only prediction that we can make which we can be sure it's going to be true for a very long time when it comes to the bitcoin market, and since this is the case people really need to learn to get used to this, and if they are unable to do this then they should begin to search for other assets in which invest.

However as you state this doesn't have to be a disadvantage, traders use that volatility to their advantage all the time, and the way to do this is by learning to use the tools we have at our disposal so we can trade successfully, however this is not easy and the majority of those which try this path lose their money.