Michael Saylor expressed: When the price is much higher, the volatility will be much lower.
For clarity, the volatility of Bitcoin is important, because it determines the course of the cryptocurrency market. Most of the altcoins are impacted by the fluctuation of the Bitcoin price.
For early investors, Bitcoin presented several opportunities for them to cash out handsomely. While BTC volatility has been a roller coaster, some studies report that the volatility is decreasing.
When the volume is low, the volatility is somewhere around 2% and 5%; however, when the volume is high the volatility surges and declines between 4% and 10%.
The perceived store of value versus fiat currency is interesting to those who are trying to make profits out of it due to high volatility.
Community response: The higher price represents the more mature the market. The result is less volatility.
We will compensate with 1000x leverage. Moon is just behind the corner.
Soon Bitcoin will be like the stock market, as so many people across the world will have it. Once we get near 1 million a coin.
This man’s entire personally trait is based around Bitcoin.
Bitcoin is highly volatile for those who look at the micro charts like hourly or daily. It’s not that volatile when you zoom out to weekly or monthly.
Volatility is the price you pay for performance in Bitcoin, when in doubt, zoom out.
Patience is a virtue and Bitcoin is one such asset which truly tests your patience to the limits. Buy Bitcoin and HODL for at least 5-10 years and you’ll never regret this decision.
If you just DCA into Bitcoin and patiently wait you’ll be rewarded handsomely for sure as it’s the pristine sound digital asset in the future.
Consistency & Perseverance are keys to make it in Bitcoin and crypto. This is not a get rich quick scheme. Due to heavy volatility, you need perseverance to hold through down times & consistently DCA into BTC even $100 weekly or $500 monthly is enough for eventually making it.
Bitcoin volatility takes time for everyone to get used to. Initially it feels like a ton of bricks, in a few months to a year it feels like a heavy stone. A few years late it’ll be like a cake walk, you wouldn’t even care.
Holding Bitcoin through bull and the bear phases is hard. You only get enough conviction to hold through the volatility if you truly believe in the asset, it’s fundamentals & it’s future. Just like navigating the treacherous seas it’s daunting.
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