Volatility has always been a feature of Bitcoin, it isnt all negative, for example for
trading volatility offers great potential. Once we become more familiar with
the Bitcoin market volatility it becomes less important.
So because volatility has always been there and adoption has grown, both will continue.
Bitcoin is not controlled, its decentralised, it can be traded 24/7/365 by anyone
with BTC0.005 to BTC500 so this fact feeds into the volatility. Isnt it great that
this can happen?
Those who see the advantage of bitcoin’s volatility will definitely embrace and trust bitcoin, but for those who are still in doubt and fears that after they have invested into bitcoin, its price will gradually fall down, don’t worry bitcoin won’t easily drop too far, and if ever it is, eventually the price will recover soon.
Volatility is not here as a trap, but it what makes bitcoin even more interesting. It’s just that some may misinterpret it and treat it as a barrier, rather than having it as an edge.
I agree to what you are saying, one thing I have also observed is that some people who shakes and panic and get unnecessarily worried when bitcoin price is down, are mostly people who have invested more than they were supposed to have invested, especially for short term traders, they do this, thinking that it will be all green market for couple of days or weeks. But they get caught in a sudden market dip, probably caused by a negative news in the global scale. So when the dip continues to bite harder and taking longer time to recover, these set of people quickly panic, because they have invested more than they were supposed to at that time. This is one thing I have observed that makes most people panic during high volatility in the bitcoin market. And because of this, they don't see the benefits of the volatility. To them it's punishment and not a blessing.