Quote from: Obito on Today at 02:16:01 PM

Quote from: Patrol69 on Today at 01:52:14 PM

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Volatility is a bit of both, it's good that the market is volatile because when prices go down suddenly, you can get in at a lower price and because of the volatility, there's a chance it will go up and you making a profit and it's a bad one especially if you're a panic seller because volatility causes unhinged emotions to go off rails and make you decide unreasonable things when you're in the market like panic buying or selling.

Do you ackonowldge that when you buy at low prices with th intent of selling back to fiat at higher prices, you're in fact hurting bitcoin. You are indirectly removing value from bitcoin because, in specific situations, you will be able to buy more bitcoin with the same amount of fiat! Meaning that the bitcoin in the network worth a bit less. I know this is tempting, but you hurt bitcoin. You and thousands or millions of other people looking only for the quick buck of profit!
People need to understand that we need to buy bitcoin, and either hodle it or use it, not trade it back to more fiat. That is reverselly the same shit that the states do when they print money. They devaluate the fiat already in circulation.