I just find out that some new comers are calling Bitcoin volatility a flaw, like really? This is the converstion among my friends, no wonder no one wants to always buy when there is panic in the market.
Something that should be their strength is becoming their fear.
Its volatility comes with an advantage, aka the buying power or buying opportunity.
Well basically the volatility of Bitcoin has its disadvantages and advantages too one of the things that actually add to the disadvantages is the effect of FOMO on the market and since bitcoin is a volatile currency or asset it tends to easily shift in price depending on the bias of the FOMO drive.
However the major advantage of the volatility of Bitcoin is its overall increase in price over the last couple of years or rather 4 years to be precise. Without volatility such a huge appreciation in price would be impossible.