Quote from: adultcrypto on June 13, 2024, 07:41:44 PM

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.

Try to understand my point bro, Bitcoin as an asset has it own risk just as every other investment no doubt, but why I say that we shouldn't be worried about it volatility is that, due to the high potential of Bitcoin, and his historical record of how it has always rally back to a better height even when encountering setbacks, it has proven over and over again that it's not an asset that stays down for far too long, and it has earned the trust of most investors around the world, and as it stands now, it's more likely for Bitcoin to rise to one million dollars than falling to zero.

That's why i believe that the volatility attach to Bitcoin is actually a blessing, because those people that bought Bitcoin at 30k early last year will definitely be in a huge profit now, because due to it volatility, it has risen upward to their favour, so in essence is that, as long as it's Bitcoin, it's volatility is actually a blessing because it's more likely to rise further than going down as most shit coin does.