Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
Altryist
on 22/08/2024, 14:13:07 UTC
Do we as investors or traders want the market to become stable? I don't think so. If the market becomes stable, there will be no profits, and when there are no profits, there is no fun. I'm more than 100% sure that most people will leave the market and go somewhere else if it becomes stable because most people these days are into Bitcoin and other cryptocurrencies because of the potential profits they can get from them, if no profits, they will try and find a new place.

The market has value because it is volatile, it has the possibility of going up which motivates people to make investments, and do trading, if this possibility is removed, we will lose most investors and traders and there will only be a small number of people who like cryptocurrencies in general and not because they are profitable.

So, there should never be predictions about the stability of the market because that cannot and shouldn't happen at all.
This market is too extensive, so everything will remain the same, they will simply look for other possibilities with great volatility, where there is more opportunity but more risks. And if it happens once, so that the market will become much more stable, which means that the volatility of bitcoin will decrease, then this may lead a lot of conservative investors who love reliable investments, albeit with a slight profit, but with low volatility, and such people have а lot of money, so if they come to Bitcoin, it also will be great.