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Some days ago, I promised one of my friends to pay him $30 for something I bought from him. I wanted to pay him through bitcoin. When I promised him, bitcoin price was $9000 and I calculated the amount to be 0.00334 BTC. Today, I should pay him the money but bitcoin price has decreased to $8.7K! Now, I have to earn more bitcoin to be able to pay him $30. Volatility can cause prices to go higher and benefits you but sometimes it can cause problems like this. How do you promise other people to pay them on time when you can't predict prices? Maybe the solution is to not specify any deadline for payment. The other solution is to pay them in BTC not USD. How do you cope with this problem?- 202 replies
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From yesterday bitcoin only near to 9000$ and few minutes ago its highest price was 1098$ it means really high volatility of bitcoin price in few minutes then few hours not much volatility then again pumps. So its better for us to not open any trade during high volatility time in this way we easily save our future account from liquidation. If you want future during this volatility time then not beneficial for us. If our own investment goes into loss. Now what's you think about it. -
Hello members invited them to reflect their version about the Bitcoin volatility, all opinions count! From my point of view, the volatility can be exemplified by the two sides of a coin: The face: Is the reflection of the positive that volatility can offer, such as increased capitalization, greater publicity, better investment opportunities or simply making money "easy" The cross: The negatives of volatility as it can be, the deflation of the market, the loss of value in the capital, eliminates the possibility that cryptocurrencies are used as a traditional means of payment. This is my view on market volatility, do you agree? If not, please leave your analysis, greetings!
