Michael Saylor Expressed: Bitcoin volatility is driven in part by a lack of maturity in accounting & tax guidance for digital assets. As the industry matures & rules normalize, the incentives that contribute to this volatility should diminish.

Community Response:  Bitcoin goes to zero, Worthless digital fiat it doesn’t do anything beside the cult followers think it’s a store of value.

It’s driven by the fact Bitcoin has no intrinsic value and no benchmark for which to base it’s price on. I can be $100,000 per coin just as easily as zero.

What intrinsic value has the €, $ or £? Or gold?

You’re not late to Bitcoin. But one can definitely be late to these incentives.

in the last “crash” they called the price of $bitcoin 3800. Now they are talking about $47000 is this not bullish sentiment?

When will that happen though?  Yea don’t do a wash sale if you’ve been in the game awhile. First in first out and blah blah blah.

Buy. HODL. Borrow. That’s the way the game goes. Not tax issues. No timing issues. It’s a simple strategy.

I don’t expect volatility to go away. It’s all in the order book.

Disagree. Volatility is a factor of the free market. Anything beyond that creates a malformation in its winners and losers.

Meaning there’ll be no more surges, no more opportunity for the less advantaged to get rich. Like the stock market.

Is there a way to sell your highest cost basis coins? Not seeing a way to choose to sell high-cost coins to harvest losses.

People have to stop fixating on price. Look at the development in the space. The capital, talent, and top graduates are all moving in. Legacy business is following them. DCA a little Bitcoin while you learn about it.

This is a great loophole to close. Bitcoin will be better off in the long run.  It isn’t built for the long run though.

The upward and downward correction levels of Bitcoin are very good, they are perfect for a decentralized free trade system and not regulated by communists or pirate bankers. The higher the value, the longer the corrective cycles. It is beautiful to see its evolution.

If you are new to crypto and don’t expect volatility. I think you should rethink things. This shouldn’t always be a for sure, There should be risks. That’s what makes the gains so beautiful.

Don’t forget to factor in irrationality. Chaos always rises and force majure is certain but not consistent. Given the government’s efforts of late I’d say any maturity for accounting & tax structures are destined for some irrationality. Bitcoin rock steady.