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What is your evidence for these claims? Bitcoin and other cryptocurrencies go through multiple price fluctuations a day. The American dollar currently underpins
by nexthash 6y ago
What is your evidence for these claims? Bitcoin and other cryptocurrencies go through multiple price fluctuations a day. The American dollar currently underpins and backs a majority of the world's financial system [1]. Sure it isn't flawless, but its way better than something that has no backing from anything. I would prefer to use the currency issued by the world's most powerful independent state, because they are probably gonna be around for a while.
[1] https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar https://en.wikipedia.org/wiki/International_use_of_the_U.S._...
- Solvitieg 6y agoI'm not making claims, I'm posting my opinion about what I read on this website.
- lotsofpulp 6y agoBecause it’s still the best option. I know my USD tomorrow is going to be worth less than USD today. But I don’t think there is a better option for some portion of my assets, and I still trust that it will be useful to me in the future. But I also don’t keep more than a few years worth of USD, instead I hold other equities that I believe will increase in value relative to USD. USD gives me liquidity, but not necessarily a good store of value. Other assets give me store of value, but not liquidity.
- jkepler 6y agoSo, compare the volatility of Apple stock to Bitcoin for the last year or two. Which is more volatile, and which one has a long-term downward rate of volatility?