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>Bitcoin's valuation is too unstable at the present to be a good store of value Are you framing your Store-of-Value judgement on a very narrow, confirmatory wi
by DINKDINK 9y ago
>Bitcoin's valuation is too unstable at the present to be a good store of value
Are you framing your Store-of-Value judgement on a very narrow, confirmatory window of time? There have only been 5 months out of the past 96 months of Bitcoin's existence where bitcoin trades have been at a net loss. Additionally ~81.7%[1] of buy volume is in the black (by a healthy amount: 20X).
>If bitcoin ends up the year down 90% (not unreasonable)
Would you sell me a call at 10% of spot-market price? I would love to buy that.
[1](14.786+1.379+1.158+1.265)/22.728