Bitcoin has just dropped by about 10%. It’s a disaster, we must sell quickly!

I don’t believe that at all, I’m just mimicking the feeling that a get from the press whenever bitcoin dips. I also chose 10% as being representative rather than exact because it has happened many times and fully expect it to happen again.

Unfortunately the disaster type of comment sells stories and in so doing creates more selling and price drops. It’s very sad for those who get emotionally involved with their holdings and sell as the price drops, thereby losing money.

I like the volatility of crypto as it allows me to make money. I sell some of my holdings as the price rises, thereby making some profit.

When the price drops I buy some more and then wait for it to rise, so enjoying the volatility.

Stable prices are more boring, something that will happen as the market matured. In the meantime long live volatility.