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"it's deflationary in the long term" Whether or not you think that matters is political dogma. "very volatile int he short term" Looking at the one year time
by pmorici 9y ago
"it's deflationary in the long term"
Whether or not you think that matters is political dogma.
"very volatile int he short term"
Looking at the one year time scale BTC/USD is only about 2-3x as volatile as USD/EUR. Bitcoin volatility in general has been trending DOWN since it's inception as you would expect something to become more stable as the market matures and more people adopt it.
https://www.investing.com/tools/forex-volatility-calculator https://www.investing.com/tools/forex-volatility-calculator
https://www.buybitcoinworldwide.com/volatility-index/ https://www.buybitcoinworldwide.com/volatility-index/
"transactions are expensive and slow"
By what standard? A typical transaction costs less than a dollar and takes about 10 minutes. Once the people holding the block size hostage are out of the way you can expect the cost to return to cents and the speed to be more reliable at 10 minutes or less.
Anyone who thinks Bitcoin can be a store of value like Gold w/o having utility as money is fooling themselves. You need to both.
- danmaz74 9y ago> Looking at the one year time scale BTC/USD is only about 2-3x as volatile as USD/EUR Are you kidding? BTC/USD easily has 10%+ swings in a day, and 300% in a year.