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.
People who do not understand bitcoin well will tell you that its volatility is a flaw. Volatility is indeed a risk but we can work to make it into our advantage. We can use this volatility to earn profit, but people are too scared of this volatility because they think that anytime bitcoin will crash and it will be completely devalued.
Volatility becomes a flaw if you only see bitcoin’s volatility from a newbie’s view of perspective. But if you ask the pioneers that have been successfully investing bitcoin until at the present, they will tell that what made them successful is a big factor coming from volatility itself. Without volatility, it’s hard to see a new all time high that will push the price to suddenly skyrocket and reach its peak price.