Home Bitcoin News Volatility is a Bitcoin (BTC) Thing Sharks Are here to Stay No Point Worrying

Volatility is a Bitcoin (BTC) Thing Sharks Are here to Stay No Point Worrying

Volatility is a Bitcoin (BTC) Thing Sharks Are here to Stay No Point Worrying

Bitcoin (BTC), Altcoins, Meme Coins, and Stable coins are fighting hard to regain their lost charm.  A saying goes “The greatest glory in living lies not in never falling, but in rising every time we fall. The beauty of the cryptocurrencies lies in that every time it falls it rises again.

Bitcoin Is Sustained by People Who Decide to Use It

Network effect refers to the concept which establishes that “the value of a product or service increases when the number of people who use that product or service increases.”

The Bitcoin transactions are not managed by any central authority or banks.  The issuing of Bitcoins and the managing of transactions are carried out collectively by the network.  The operating codes of Bitcoin are open source. There is no individual owner for the bitcoin network. The network is collectively sustained by the people who decide to use Bitcoin.

Currently, Bitcoin Maxis have become so desperate lately; all they want can be summed up in one word: REGULATION, which is enacted and enforced by Government Agencies, of all their legitimate crypto competitors. It is truly pathetic – Bitcoin was supposed to be decentralized, but many are not wishing for it to be regulated.

 Network Effect Empowers Bitcoin

Network effect empowers Bitcoin.  The value of Bitcoin increases when the number of people who use BTC increases.

The idea of Bitcoin was indeed innovative, and the reception was very good – the concept attracted lot of investors.  The pitch deck was very good – hosted and posted by influencers.  Bitcoin sounded like a blank cheque to every investor, and they immersed into a transcendental belief that riches and absolute financial security is about holding BTC.

There are early investors who bought in to BTC and enjoyed substantial profits.  Late entrants to the game are not happy as they bought the higher lows – they are not happy when the price went far low beyond what they could ever imagine.  Those who took to short-term liquidations lost their chance to be in the game anymore.

Concerns About Bitcoin Growing

Retail Bitcoin Holders are you concerned about how $BTC will behave next minute, how it will trade next hour, and how it will chart the next day.  The BTC Market is an ocean filled with Sharks.  The ocean has forever been wavy and risky.  Why is something that already exists being blown up?

Those who invested in BTC already decided long ago to discover the treasure island or sink in this sea and make peace with it. In the world of BTC, there is nothing in between. With that being the case why worry about BTC next movement? Volatility is a Bitcoin thing and there is no point in worrying about it.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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