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The usd/try had a range of 4-7, Bitcoin had 3K-5K in the last year (and if you asked a month ago it would have been 3k-4K). Also by some measures of statistical
by beagle3 8y ago
The usd/try had a range of 4-7, Bitcoin had 3K-5K in the last year (and if you asked a month ago it would have been 3k-4K). Also by some measures of statistical deviations, BTC was less volatile.
- dagw 8y agoThe original post said past couple of years and BTC was very volatile in that period with a range of 1K-18K. Secondly BTC has not been in the range 3K-5K over that last year, but rather 3K-10K. Admittedly January-March this year has been relatively calm on the bitcoin front, but the past couple of weeks have been bumpier again.
- beagle3 8y agoYou are right, I meant "last year" when I wrote "last couple of years", and should have in fact written "last 6 months". Or I should have referred to the Zimbabwe currency...
- dagw 8y agoOr I should have referred to the Zimbabwe currency... The Zimbabwe Dollar would be a perfect example. It hasn't been a currency for a decade now and ceased being used as currency many years before that, precisely because it was so unstable. Once official currencies stop being used as currency (first unofficially and then officially) all the time if they don't behave in ways people expect currency to behave.