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Volatility is not an assurance of consensus valuation or rationality.
by dsacco 9y ago
Volatility is not an assurance of consensus valuation or rationality.
- Frogolocalypse 9y agoVolatility is a sign of a lack of liquidity in a market that is rapidly gaining (or decreasing) in accumulated capital. In bitcoin, for now, it is increasing. In bitcoin the important point isn't the volatility, but the fact that it is objectively being sought after by an increasing number of people.
- revmoo 9y agoNor is it the reverse