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A. I'm not sure how to address your security concerns. Perhaps you could elaborate. B. The swings are not 'massive' as you are imagining. The floor at $370 has
by elif 11y ago
A. I'm not sure how to address your security concerns. Perhaps you could elaborate.
B. The swings are not 'massive' as you are imagining. The floor at $370 has held through multiple selloffs now. If you look at the Rate of Change per day, it doesn't look much different from the DJIA.
C. The average dollar user doesn't understand how the fed works.
- saalweachter 11y agoRegarding 'B', it doesn't help Bitcoin's case to keep comparing it to the stock market. If it's a currency, you can't fob off swings so glibly; if it is an investment, what is it an investment in?
- elif 11y agoI think a label like "currency" attempts to oversimply bitcoin. There is obviously a bigger speculative component to it than most currencies. "Investment" may not be an appropriate term either. However, I find value in bitcoin because it is relatively independent of inflation and market cycles. Notably, it seems to have an inverse relationship with oppressive currency controls (e.g. greece, venezuela). I suppose, in that way, you could consider it an investment in personal sovereignty.