Re: Bitcoin's Volatility Problem

Quote from: mnporter2001 on June 14, 2023, 01:48:53 PM

Quote from: death69 on April 20, 2023, 05:53:23 PM

Well, halelujah for the blazing insight, Sherlock Roll Eyes

! Who could've guessed Bitcoin's value fluctuates? Mind = shattered.

But for reals, despite Bitcoin's rollercoaster nature and decentralized state, it's chock-full of perks for payments and investments. Granted, it's not a rock-steady currency, but hey, who wouldn't trade monotony for heart-hammering portfolio peeks?

Regarding the government and regulators' inability to snoop and control Bitcoin, isn't that just the cherry on top? After all, who craves an Orwellian overlord dictating our crypto moves?

So let's all dive headfirst into Bitcoin's chaotic charm and bask in the capricious crypto trading escapades. Because, honestly, who needs snoze-worthy stability when you can have a blast?

Bro, its still super risk. While the allure of Bitcoin's volatility and the excitement of crypto trading may be tempting, it is important to consider the potential risks and drawbacks involved. Bitcoin's chaotic nature can lead to significant financial losses for inexperienced investors who are not well-versed in market analysis and risk management.

I think the risk is with the person and not the idea. Sure trading bitcoin is a great way to make a profit, it goes up and down all the time which means that by trading it you could make a lot of money. This idea itself is not wrong and holds truth for the past 15 years, anyone who had a good trading experience so far will tell you the same. However, the risk is with the person, if YOU are bad at trading then it could have amazing chances to profit and you will miss it, there is no logic behind it.

I personally do not trade all that much, just a small amount and I believe that I am doing the right thing even though I know trading a bit better than all the newbies, I prefer holding long term because the risk there is a lot lower and you do not have to learn anything.