4 ms·

Volatility in cryptocurrency-based securities? I am shocked, shocked.

• tibbon 9y ago
  Compared to volatility in fiat currencies? I (perhaps incorrectly) assume you live in a relatively stable and developed nation that hasn't seen hyperinflation? Should I base my views of fiat currency from things like the 79.6 billion percent hyperinflation in Zimbabwe? Neither is inherently volatile. Both can be, but it isn't a built-in trait of fiat or cryptocurrency.
  • Fej 9y ago
    Perhaps cryptocurrencies are inherently volatile. We don't know either way. In any case, there is zero empirical evidence that they aren't, given that there has not once existed a stable cryptocurrency.
    • random_rr 9y ago
      USDT?
    • tradersam 9y ago
      Yeah this is incorrect. USDT, although incredibly shady, is pegged to the United States Dollar, and therefore a "stable" currency.
  • sebleon 9y ago
    In most of the developing world, hyperinflation is rare too.
    • tradersam 9y ago
      Not really. Zimbabwe, Yugoslavia, Hungary, China (1945). It's not rampant, but it's not rare.
      • tibbon 9y ago
        Venezuela has been pretty bad off recently too.
      • sebleon 9y ago
        3% of countries is a small minority. (6/195 countries, you missed Venezuela-now and Ecuador-1999) Besides, these tend to happen infrequently (like once in a century per country), people underestimate risk, and blame politicians instead of the system. It would be beautiful if a critical mass of people would come to the conclusion that monetary system needs to change...