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Does the volatility of cryptocurrency worry you?

  • Thread starter Thread starter Deleted member 403
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As the price of BTC and the altcoins are massively dropping, there will be tension in the minds of the holders. This won't be easy at all. Storing your funds in crypto is risky but you don't lose until you sell
 
If you invest in coins that have good white paper, wonderful roadmap and a great future, then you'll have no need to worry about the volatility of the coins at all.
Bitcoin dropped a whole lot this year but bounced back to surpass it's all time high.
 
If I am planning to sell my cryptos and the price starts going down, this is surely something to worry about. If I am planning to buy and the price starts going down, I cherish.
 
Volatility of cryptocurrency worries me a lot. And this is the reason why I don't invest in cryptocurrency because I am too attached to my money. In this makes me to sell it on time anytime I have cryptocurrency in my wallet in order not to lose.
 
mubinadaddy said:
Yes it does worry me a little bit back then when I was learning how cryptocurrency really work but now am not bothered anymore, like you said invest what you can afford to lose. But sometimes coin that you expect to boom after you have dyor thoroughly and the coin now fall it so painful.
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That is the caution one need to adopt when trading in cryptocurency trade.You put in the money you can afford to loss,because the market is very volatile,but it can be very rewarding if you know how to trade.
 
I wouldn't want it to worry me because the volatility in cryptocurrency is what is needed for any price of cryptocurrency to be valuable, sometimes the volatility is so high that it may be impossible for you to trade cryptocurrency when you don't really understand it.
 
I think the volatility of the coin only causes worries when the coin fluctuates more than you expect it to fluctuate. Unfortunately, this could be the major drawback of volatility, but volatility is the main reason why many traders make money.
 
Cryptocurrency trading is a little scary for me, but I don't mind because I understand a simple trading strategy, so I don't mind. I'm always confident in the truth I enter because I don't lose a lot of money in any trade. It will not concern you if you have a good strategy.
 
Volatility can be worrisome for traders but not for long term investors. I believe crypto currency will ultimately gain price if you have patience to wait for a long time, however, you need to invest in the right coins.
 
Yes it does worry me a little bit back then when I was learning how cryptocurrency really work but now am not bothered anymore, like you said invest what you can afford to lose. But sometimes coin that you expect to boom after you have dyor thoroughly and the coin now fall it so painful.
 
Volatile price movement of cryptocurrency is the reason why I don't invest in cryptocurrency. I can't stand watching the price of the cryptocurrency investing going down in red. This can create a lot of tension in my body system and I don't want something that will rock my peace of mind.
 
Niftyyem said:
The volatility of cryptocurrencies is one of its best features. At the time of its highs, one can easily take some profits and keep them in stable coins.
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Volatility could benefit some and make people lose money, too. However, I have noticed that volatility could bring more benefits if you learn how cryptocurrency trading works. You need to know how cryptocurrency market work and I think market cap also plays a crucial role when it comes to cryptocurrency trade.
 
If you're looking to use Bitcoin to preserve capital or grow your assets, its price is highly volatile—there is no guarantee that you will see any returns; you're just as likely to lose everything you invest as you are to make any gains
 
Whenever you are trading in the cryptocurrency market it is always very important you put money management skills into play because the volatility of cryptocurrencies can make you lose a lot of money. if you have some level of knowledge about cryptocurrency the volatility shouldn't worry you because it can be at your advantage.
 
A good crypto currency investors must be able to know that theres reason for the flunctuation of the crypto currency market which is caused by the volatility of the market .
 
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