~snip
The Bitcoin market is always volatile and those who have managed to avoid this volatility for the long term have achieved success, and those who can maintain this continuity in the future can certainly achieve good success.
As an investor is it really possible to avoid volatility since we all know that volatility is an integral part of the bitcoin market? So I am wondering how can someone avoid volatility for the long term? What you said here is totally wrong in my perspective. Do I need remind you that volatility is the upward and downward movement of bitcoin price over time. So how do you avoid bitcoin price volatility when you have bitcoin in your portfolio and still be successful?
Note: I am just a newbie trying to learn new things every day.
Volatility is an integral part of the Bitcoin market. You asked a question, is it possible to avoid volatility? The answer is yes, it is possible. Consider that you have a discretionary income stream coming in every week and you want to accumulate Bitcoin from it. This is the only way to reduce your mental volatility. If I explain it to you a little more clearly maybe you will be able to understand it better. If you consistently accumulate Bitcoin in the DCA method it will not only grow your portfolio but also gain extensive experience in the market due to the long term nature of the market as the price of Bitcoin is volatile and you continue to hold Bitcoin without any stress. When you are continuing to create holding you will be able to create a investment defence wall regardless of market volatility and your financial strength will continue to grow over time.
I’m quite confused, on how possible it is to avoid the volatility with your response, Volatility is just a part of the Bitcoin ecosystem, whichever way we choose Bitcoin will always be volatile, and there is nothing anyone can do about it, but what you owe yourself is to try and have a discretionary income, and you can conquer the volatility nature by accumulating with the DCA, but that still doesn’t mean that we can be able to avoid volatility nature, sometimes it will also present different opportunities in the market and if you have money you can as well take the advantage
I said in my first sentence in my article that volatility in the Bitcoin market is an integral part of it. Here I have only talked about market volatility. I have talked about mitigating the kind of volatility that arises in your investment due to volatility in the Bitcoin price market. I have recommended following the DCA method in any price situation to reduce the volatility mentally. There will be volatility in the Bitcoin eco-system but you as an investor have to keep yourself stable to keep it. You should have a long term accumulation plan by applying the DCA strategy through discretionary income.
Volatility is an integral part of the Bitcoin market. You asked a question, is it possible to avoid volatility? The answer is yes, it is possible. Consider that you have a discretionary income stream coming in every week and you want to accumulate Bitcoin from it. This is the only way to reduce your mental volatility. If I explain it to you a little more clearly maybe you will be able to understand it better. If you consistently accumulate Bitcoin in the DCA method it will not only grow your portfolio but also gain extensive experience in the market due to the long term nature of the market as the price of Bitcoin is volatile and you continue to hold Bitcoin without any stress. When you are continuing to create holding you will be able to create a investment defence wall regardless of market volatility and your financial strength will continue to grow over time.
It seems like you are a bit confused here, am talking of the highlighted statement in your write up, because to the best of my knowledge, volatility is one of the nature of Bitcoin, so is their anyway to avoid it completely? No.
Their is no point getting worked up about volatility because it's part and parcel of bitcoin, so the ideal thing to do is to keep on buying Bitcoin consistently either weekly or monthly, because this current price of Bitcoin is no where near the price it might rise up to in the future, so why disturbing yourself about volatility when the price is till cheap now regardless of how volatile the market is?
Just try am accumulate a huge of bitcoin and hold, because in the future you will be very happy with yourself that you take action now that it's still very cheap.
I have clearly stated the nature of Bitcoin and its price volatility. There is no room for confusion on this issue. If you are confused in any way, you can read my article again. I have highlighted the volatility of investors with market volatility and the DCA strategy to mitigate it and said that if investors deposit Bitcoins through the DCA method, then this method will be applied and they will be able to easily reach their goals and create a huge stack of Bitcoins.