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The 1-day price chart via Google shows a drop from ~33,700 @ 4:00 am UTC to ~28,900 @ 10:30 am UTC So, about 14%. It is also disingenuous to compare its volat
by ineedasername 6y ago
The 1-day price chart via Google shows a drop from ~33,700 @ 4:00 am UTC to ~28,900 @ 10:30 am UTC
So, about 14%.
It is also disingenuous to compare its volatility to stocks when it is supposed to be a currency.
I want a heck of a lot less volatility in what I use to pay my bills and buy things than I'm willing to accept in my investment portfolio. Unless bitcoin and other coins demonstrate such stability, they aren't going to become a major form of payment.
- ekianjo 6y ago> I want a heck of a lot less volatility in what I use to pay my bills and buy things than I'm willing to accept in my investment portfolio. Which is good because BTC is used nowhere as a form of payment.
- ineedasername 6y agoAnd I don't see how it will become one without stability, which leaves it the nominal role of "currency" but a defacto role of "security" or "commodity" that doesn't happen to be backed by assets as such things tend to be. I suppose if it remains consistently deflationary over medium-long term periods, that could still be useful, but doesn't really fulfill the role most crypto advocates envision.