Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 31/01/2024, 08:32:41 UTC
You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far?

Volatility is inevitable in any kind of a growing and BIG new asset class, and for something as disruptive and all encompassing like bitcoin, it is even more likely to have had been and continue to be volatile into the future... In other words, the volatility did not cause or contribute to bitcoin being successful, even though volatility does happen to be a by-product of bitcoin whether bitcoin is going to continue to be successful or not.

Yeah I agree with you sir so long as Bitcoin is concerned or any asset there is bound to be volatility because is a normal market movement and it involves buying and selling so there must be some ups and downs but however it's quite surprising that must people or rather investors sees the volatility as the determining factor of Bitcoin strength without knowing volatility has nothing to do with the growths  of Bitcoin because if volatility was to be the determining factor of Bitcoin being successful perhaps the price would have gone to zero considering the amount of Bitcoin that's being sold a day, so perhaps just like you said volatility is a normal thing on every assets that has a very good potentials and there is no way it can be averted.

Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

The truth is that no matter how long it takes the authenticity of Bitcoin will always be questioned by some persons because I believe when Bitcoin came to an existence there are people who were still skeptical and question the authenticity of Bitcoin however considering from those days till now and seeing how well and improve Bitcoin has become everybody would have not question the authenticity of Bitcoin, so perhaps if after seeing or witnessing how far Bitcoin has gone now and still doubt the authenticity that means even if it takes 50 years there would still be people who will question the authenticity, so perhaps I don't think there is a possibility for everyone to believe on the authenticity of Bitcoin because if that was possible it would have been done long ago because Bitcoin has shown and prove how authentic it is on this number of years.