3 ms·
Not that bitcoin is not volatile (it sure as hell is), but you're picking the most stable currencies in the world and comparing them to a crypto asset that is y
by demosito666 6y ago
Not that bitcoin is not volatile (it sure as hell is), but you're picking the most stable currencies in the world and comparing them to a crypto asset that is younger than a kindergarden class. Try building the same graphs for 3rd or even 2nd world currencies and observe that they might have even worse volatility. I live in a country whose currencies devaluated in order of trillion times in 20th century if you count multiple "monetary reforms" and "denominations".
- notahacker 6y agoSure, but nobody is pretending that the likes of the Venezuelan Bolivar show no more volatility than any of the world's [other] fiat currencies as they breathlessly hype its potential as a global reserve currency.
- emteycz 6y agoThe thing is that it's not that bad given its age, and it's improving.
- JumpCrisscross 6y ago> you're picking the most stable currencies in the world OP tried to compare Bitcoin to reserve currencies. Reserve currencies are more stable than average.