for people who are worried about the volatility of bitcoin, then they should not have invested in bitcoin from the start, because before they invest in bitcoin they should have understood the nature of bitcoin which tends to be volatile. and when they have chosen to invest in bitcoin, they should be able to adjust to the bitcoin market situation and focus more on adjusting their investment so that it will not cause potential losses to them.
but that doesn't mean that we don't need to think about the volatility of bitcoin, because it is also necessary to be aware of aggressive market movements, but we just don't focus too much on it so that it disturbs our psychology and makes us think about it day and night.
What are we worried about? Volatility and privacy are part of the beauty of Bitcoin, if a newbie investors is getting his or her self worked up for the volatility of Bitcoin, some other veterans or more informed Bitcoin investors will be very much confident because he knows that on the longer run, his investment will generate a very good revenue for him or her, so to me the volatility of Bitcoin is a blessing in disguise.
I don't seems to understand how volatility became the beauty of bitcoin both in terms of investment and for adoption into businesses and daily lives of people. On the contrary, I feel the volatile nature of bitcoin is a major stumbling block confronting bitcoin and its acceptability by businesses. I have seen many people willing to accept bitcoin in their businesses but the major challenge they always reference is that bitcoin is too volatile and that what was agreed now might not hold before payment are completed because of the volatile nature of bitcoin. In terms of long term invest, we might say it does not matter but it can actually affect entry point even though when the intention is for long-term holding. Someone investing in bitcoin through buying the dip might experience price jump when executing the order and this might be in price differential of over $2,000 considering how volatile bitcoin can be. Therefore, we can say that volatility account for the uniqueness of bitcoin and never the beauty.
Ok I understand your point very well, but I have a question for you, how would Bitcoin be different from the fiat if it has no volatility? How would it be different if it's as static as the fiat, and is a prey to inflation?
Or most of us the Bitcoin enthusiastic that are clamouring to one another that we should hold on tight for a very long period of time, so as to be able to build a generational wealth, how are we going to achieve that if Bitcoin is not volatile?
Bro, we are definitely going to end up in a huge lose for holding too long, you know why? Because by then inflation will have a serious effect on it that we are definitely going to regret holding for too long, so my brother, it's because of it volatility we are holding it, because with the high potential of Bitcoin, we stand a chance of making significant gain, if we can hold a bit longer.