Quote from: Barikui1 on June 12, 2024, 11:37:08 AM

Quote from: adultcrypto on June 12, 2024, 10:05:08 AM

Quote from: Barikui1 on June 12, 2024, 09:33:05 AM

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.

You are obviously misunderstanding me and it seems you are mistaking volatility for something else. Volatility happens in any asset that is impacted by news, speculation and uncertainties. It is not only reserved for bitcoin but it also happen even between fiat currencies. If you have ever traded the currency market or have little idea about it, you will understand how news release impact on the volatility between fiat currency pairs such as GBP and USD and the rest of the currency pairs. Volatility is not anti-inflation, that is a different topic all together. So let us be clear on that aspect to avoid dishing out misleading information.

When Satoshi created bitcoin, he never paid any attention to the volatility even though he understood that any asset with huge interest is bound to experience volatility so he expected bitcoin to be a volatile asset.

Quote from: JayJuanGee on June 12, 2024, 04:32:15 PM

Quote from: adultcrypto on June 12, 2024, 10:05:08 AM

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.

Just because people might accept bitcoin for goods and services does not mean that they have to hold all of the value in bitcoin, so for example someone who has an income in fiat may need to buy bitcoin, but someone who receives bitcoin for goods an services may well have to sell some of his/her bitcoin in order to maintain a balance in his/her investment level into bitcoin, and part of that may well depend upon if his/her bills are in fiat or in bitcoin, and surely we could presume that the majority of people are going to have their bills in fiat.. so they still have to figure out their balances whether they receive some or all of their income in bitcoin.. .. and they still may have to consider whether they are going to save/invest 5% to 25% in bitcoin, and surely a starting presumption might be that it might not be realistic for people to save/invest more than 10% of their income in bitcoin, so individuals have to tailor their amounts to their circumstances, since some folks can afford to be more aggressive than others depending on the level of their discretionary income, whether that discretionary income comes from bitcoin sources or from fiat sources, similar kinds of analysis needs to be done in terms of how aggressive they are comfortable in being in terms of their bitcoin accumulation and/or holding of bitcoin versus other places that they might hold their value...including their considerations of their emergency fund, reserves and/or monthly cash floats.

I agree and accept your views because they might actually work out a way of running their business to cover for the immediate needs and long term objective. Perhaps, bitcoin might just be one of their payment option in which they will have a cap of how much they want to collect in bitcoin. As a business, nothing stops them from holding part of their funds in bitcoin even though this is at their own discretion.