Quote from: tvplus006 on December 23, 2023, 10:42:03 PM

Quote from: Cryptoprincess101 on December 11, 2023, 11:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 witcurrh the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down...

If the price of Bitcoin and other altcoins were stable, then it is unlikely that the crypto currency market would interest you. It is the volatility of the price that attracts investors to Bitcoin, the price of which can increase many times. But on the way to high, the price is necessarily adjusted and you, as a Bitcoin holder, need to know this.

Volatility is what makes bitcoin a standard currency with good value, if their no volatility in bitcoin it will just be like other currency, it won't be solving the problems of people financially. Volatility is what makes bitcoin to be different from the traditional currency and the volatility is what interest people buy bitcoin and invest in it with time it will yield more profits. A currency that is not volatile like bitcoin won't be a good one for people to invest their money.

Like the traditional currency which is not volatile like bitcoin it is not a good decision to have it and stock it in the bank for a long period of time , after some period of time it can lose value, but the case of bitcoin is different as the time counts it increases in value.