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> a reserve/settlement currency" - Why?? certainly not for stability Bitcoin volatility year over year shows a very strong downtrend. I would not be surprised
by dwaltrip 9y ago
> a reserve/settlement currency" - Why?? certainly not for stability
Bitcoin volatility year over year shows a very strong downtrend. I would not be surprised at all if this trend continues. Here's a nice graph:
https://www.lombardiletter.com/wp-content/uploads/2017/01/bitcoin-volatility-index.png https://www.lombardiletter.com/wp-content/uploads/2017/01/bi...
- theseatoms 9y agoI never understood the "volatility criticism" of the value of Bitcoin. It'd be remarkable if Bitcoin attained a very high value without short-to-medium term volatility. Realized volatility is not an intrinsic property to the technology or design itself, but rather a reflection of current aspects of the marketplace which can improve over time. (i.e. robust and trusted exchanges, well-capitalized market-makers, more diverse attempts at valuation, less emotional market participants, etc.)
- sooheon 9y agoYou are correct, and I think the volatility criticism was not directed to the tech or design, but to lack of trust in exchanges, unclear valuation, and emotional market participation.