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Something as volatile on price as bitcoin is not a superior means to store value. High capital hates risk, so forget about it ever putting their money into bitc
by jbmorgado 11y ago
Something as volatile on price as bitcoin is not a superior means to store value. High capital hates risk, so forget about it ever putting their money into bitcoin to store value.
Second, you are coming from the assumption that bitcoin is actually a secure and desirable asset to the world at large. Well, it's not, people just don't want into it and they are not getting into it, even the bitcoin exchanges are living with ever decreasing volume since the beginning of 2014.
I can also tell you from a purely personal view, that there are very few people left using Localbitcoins anymore. I used to sell quite a few bitcoins there in 2014, now, nobody is interested anymore, there is no one buying.
- IsaacL 11y agoThanks for sharing your personal experience. However, I actually said in my post that bitcoin may be too volatile, and for that reason I'm not entirely sold on the bullish case. The counter to the reduced volumes is the fact that bitcoin has been enjoying a sustained price rally for the last 5 months.