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True, but I think we all can say with some certainty that "a token intended to be used as currency should not regularly increase or decrease in value by 20% or

True, but I think we all can say with some certainty that "a token intended to be used as currency should not regularly increase or decrease in value by 20% or more in a matter of days or weeks". Who on earth would actually spend any Bitcoins right now? If you'd bought a Pizza with BTC back in 2010, you could have bought a car (or house?) instead only several years later. This type of volatility makes it totally unsuitable as currency.

weddpros 9y ago
"Who on earth would actually sell any Bitcoins right now" (spend and sell have the same effect)... yet in the market, there's a seller in front of every buyer. Regarding stuff being priced in BTC, prices are falling when BTC is rising. Who doesn't like lower and lower prices? That pizza used to cost 50,000 BTC, it's only 0.0003 BTC today! Bitcoin is a deflationary currency.
- xapata 9y ago
  > a seller I'm curious how many sellers. When someone quotes a dramatic increase in housing prices in a city, that's not just a single house.
baddox 9y ago
> Who on earth would actually spend any Bitcoins right now? Huh? Every bitcoin bought is a bitcoin sold.
seanwilson 9y ago
> Who on earth would actually spend any Bitcoins right now? If you'd bought a Pizza with BTC back in 2010, you could have bought a car (or house?) instead only several years later. This type of volatility makes it totally unsuitable as currency. Will it not eventually stabilise? When it's just starting out and only few people believe in its value it seems inevitable it's going to be volatile in the early days. Some people have to start making the first purchases in the beginning so if people weren't buying pizza and whatever with it when Bitcoin was low in value it wouldn't be valued what it is now.