3 ms·

I'm not intimately familiar with BTC prices, but they seem to have lots of high frequency volatility while the low frequency price changes are close to monotoni

I'm not intimately familiar with BTC prices, but they seem to have lots of high frequency volatility while the low frequency price changes are close to monotonic. If that's the case then it makes sense as a long term store of value.

IncRnd 9y ago
Yes. The number of bitcoins increases roughly linearly over time and will continue to do so for another few years. At that time, the bitcoin protocol will need to change or there will be no new bitcoins circulating. This leads to almost endless deflation, as long as bitcoin doesn't change from its current structure. There really is no asset "there" when talking about Bitcoin. Bitcoin acts purely technically and can be traded that way. Unless Bitcoin's structure changes the price will either continue to rise as a trend, or it will crash forever. Long positions and scalpers do great with Bitcoin.