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You are incorrect in the belief, that currencies of developed world do not fluctuate. Pound sterling: http://www.macrotrends.net/2549/pound-dollar-exchange-rat
by monort 9y ago
You are incorrect in the belief, that currencies of developed world do not fluctuate.
Pound sterling: http://www.macrotrends.net/2549/pound-dollar-exchange-rate-historical-chart http://www.macrotrends.net/2549/pound-dollar-exchange-rate-h...
Swiss franc: http://www.macrotrends.net/2558/us-dollar-swiss-franc-exchange-rate-historical-chart http://www.macrotrends.net/2558/us-dollar-swiss-franc-exchan...
Euro: http://www.macrotrends.net/2548/euro-dollar-exchange-rate-historical-chart http://www.macrotrends.net/2548/euro-dollar-exchange-rate-hi...
Yuan is much worse, though it doesn't matter that much due to capital control: http://www.macrotrends.net/2575/us-dollar-yuan-exchange-rate-historical-chart http://www.macrotrends.net/2575/us-dollar-yuan-exchange-rate...
- rcxdude 9y agoI don't recall the GP saying currencies don't fluctuate. But there's a few orders of magnitude difference in the rate at which they fluctuate.
- monort 9y agoIf we compare only fluctuation down, then except for the first bitcoin bubble, they are actually the same magnitude difference: around 2x https://static4.businessinsider.com/image/5a09d3f635876e01018b59aa-600/image3a20171113meopjw.jpg https://static4.businessinsider.com/image/5a09d3f635876e0101... Though fiat currencies fluctuate less frequent so far. Incidentally, US dollar is the most well managed currency and that is why Americans do not understand the value of bitcoin.