Why is Bitcoin so volatile?

[RoyalHouse01 9]

because most of the people are using the bitcoin only and that is why the rate is so high and that is why there are so issues with it as well in the different exchanges.

[Cleaner 2549]

6 hours ago, Tallest said:

And that is why every investor need to be patient as long as he want to earn better profit to there wallet because volatility is the nature of all cryptocurrencies especially bitcoin which influence most of the altcoins.

An investor must be patient.  If one cannot be patient for the long term, he can never benefit.  You have to choose long time to invest and be patient, you have to control your emotions.

[Honny143 13612]

21 hours ago, Cleaner said:

An investor must be patient.  If one cannot be patient for the long term, he can never benefit.  You have to choose long time to invest and be patient, you have to control your emotions.

Yes @Cleaner  we must need patience and hold our crypto asset's for long time then we makes good profit, because crypto assets Price increase but it tooks some time, if we have patience and wait for right movement then we earns good amount.

[Cleaner 2549]

30 minutes ago, Honny143 said:

Yes @Cleaner  we must need patience and hold our crypto asset's for long time then we makes good profit, because crypto assets Price increase but it tooks some time, if we have patience and wait for right movement then we earns good amount.

@Honny143..Of course it will be profitable to invest our cryptocurrency for a long time. But I will tell those who want to profit by trading so that they do not miss the opportunity.  You save money and leave the market as soon as you make a profit.  Because it is dumped after being pumped

[Tallest 376]

On 3/19/2021 at 2:41 PM, Cleaner said:

An investor must be patient.  If one cannot be patient for the long term, he can never benefit.  You have to choose long time to invest and be patient, you have to control your emotions.

Patient is the key to success in this field of cryptocurrency especially when you are investors, you need to be extra patient because the coins fluctuate alot in the market and that is why we also need to learn how to control our emotions.

[Cleaner 2549]

5 hours ago, Tallest said:

Patient is the key to success in this field of cryptocurrency especially when you are investors,

@Tallest..Everyone needs to have some qualities to trade or invest in the crypto world  And there is patience in those qualities.  If you invest, you have to spend time patiently and if you get a good profit from your capital, you will exit the crypto market, because crypto-currency  dumps after pumping .

[Tallest 376]

5 hours ago, Cleaner said:

you will exit the crypto market, because crypto-currency  dumps after pumping

Volatility is the nature of all cryptocurrencies and that is why I think investing on top coins like ethereum, litecoin and xrp will be much better because they won't take time to rise like upcoming coins such as TRX.

[Cleaner 2549]

11 minutes ago, Tallest said:

Volatility is the nature of all cryptocurrencies and that is why I think investing on top coins like ethereum, litecoin and xrp will be much better because they won't take time to rise like upcoming coins such as TRX.

Cryptocurrencies will always be volatile, because cryptocurrencies are always traded.  And as a result of always trading, its price goes up and down.  However, you can choose tron, ltc, cardano, xrp, doge to invest.

[Tallest 376]

1 minute ago, Cleaner said:

However, you can choose tron, ltc, cardano, xrp, doge to invest.

Indeed this listed coins have bright future ahead and long time investors will surely benefits from them but as for currently I don't have much fund to invest which is why I am currently working in this forum regularly to accumulate lots of coins both satoshi as well as talkcoin.

[Ziyech 478]

Bitcoin's price can be unstable since traders and investors purchase it on a daily basis. The main explanation, in my opinion, is that when a large number of people buy, we experience value fluctuations in the market. So this is the only way for cryptocurrency investors to make money.

[emilywillson 666]

A very volatile cryptocurrency is considered the most effective among the rest of the cryptocurrencies, meaning (more volatility leads to more profit), as the currency's activity revolves around its volatility according to electronic money market factors and the increase and decrease in the supply ratio and the amount of demand for bitcoin.
Bitcoin's volatility also attracts investors to take it as the main currency in their investments.

[ammarkhkkh 753]

I believe that the volatility of Bitcoin will remain, because Bitcoin depends on individuals and on buying and selling bitcoin, so it will be difficult to control the Bitcoin exchange rate and also there are additional reasons such as power cuts to processors and devices that hold Bitcoin.

[Kalisha01 82]

Since the market is not regulated and is constantly traded around the world, it is dependent on the actions of its consumers. When a market is decentralized, it is impossible to keep it stable. Volatility will always be present, in some form or another.

[Jenny Lavelle 526]

Bitcoin is not the only volatile one, as all digital and tangible currencies fluctuate according to supply and demand, so this is not a problem if you want to invest. You have to be patient and positive creative thinking, not just put money and withdraw profits.

[Drmuad 6]

He everyone, no one knows exactly what is really the explanation of this volatility, some talk about conspiracy theory, others talk about political strategies, some talk about the policy of billionaires which make the currency very expensive suddenly, then loses most of its value again suddenly.