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> Yes, is obviously currently extremely volatile, but it's not hard to imagine that volatility lessening over time. I feel like I’ve heard this every year sinc
by cauthon 6y ago
> Yes, is obviously currently extremely volatile, but it's not hard to imagine that volatility lessening over time.
I feel like I’ve heard this every year since 2015. I think it’s going to be hard to shake the majority perspective that it’s a speculative asset.
- jackson1442 6y agoAn interesting thing you might do in an overinflationary state, however, is buy a large portion of something like the USDC, the USD Coin, which maps to exactly US$1 all the time. While you are tied to another country's fiat whims, you still have the value add of crypto mentioned above: provenance and distance from the hyperinflated currency of your home state.
- MediumD 6y agoI think this is one of those things where people overestimated how much things would change in the short-term, but will grossly underestimate how much they will change in the longterm. 5 years is a pretty short window in the grand scheme of things when talking about the adoption of technologies.
- thekyle 6y agoGold has been in use for hundreds of years and yet it's still very volatile. If Bitcoin is digital gold that doesn't really solve the volatility problem.
- hn_throwaway_99 6y agoI don't think people are arguing bitcoin will be less volatile than gold, but BTC is currently still an order of magnitude more volatile than gold. Point being that even with gold's volatility it is still seen by pretty much everyone as a viable store of value, and I think BTC will be similar.