Quote from: BITCOIN4X on May 26, 2024, 02:31:12 PM

Quote from: maydna on May 26, 2024, 10:34:17 AM

~snip~

Some people will always question the volatility of Bitcoin prices, even if they are experienced. This is sometimes important to worry about so you can decide what your next plan is if you are a trader. You can make a good trading plan and take advantage of price volatility to make profit, but if you are an investor then you can accumulate during correction.

There is no worry if you don't have a plan, I mean long term holder tend to be fine without being affected by volatility. Meanwhile trader and short-term investor tend to worry about the price because they really don't want to miss out on the opportunity to get maximum profit.

An experienced trader will not asks about the volatility of Bitcoin prices because he knows that the Bitcoin will always change from time to time. He will analyzes the Bitcoin market and check where the trends moves so he can determines when he can enter to the market. If he feels that he doesn't have to enter the market, he will not do something instead watch the market moves. Before he enter to the market, he will always analyze to see the chance for him to make a profit. He doesn't needs to forces himself to enter the market, especially if he see the market is not in good situation.

Long term holder will knows how to act except they are gets in the trap because of the volatility of the Bitcoin prices. With this volatility of Bitcoin prices, we must learn more to adapt with the current situation.