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I mean... what do you expect with a currency with an annualized volatility of 100%. The risk is way too damn high.
by fny 6y ago
I mean... what do you expect with a currency with an annualized volatility of 100%. The risk is way too damn high.
- notyourwork 6y agoI don't expect anything other than businesses will do what businesses do. Its just sad that mainstream media consumers will interpret this very differently from reality.
- waheoo 6y agoI think you're the one messing with reality here. Bitcoin needs to be stable before it can be used widespread for transactions. Visa doing this increases its adoption, increased adoption, even if used in this way will stabilise the currency. That is huge. It's just a required stepping stone.
- throw0101a 6y agoI ran across the following observation a little while ago: the volatility of one's currency should be less than the volatility of the goods purchased by that currency.
- sebmellen 6y agoSounds good, but does it hold true in practice? Should the average price of a dozen eggs be more volatile than $USD? I don’t think that’s the case historically.
- throw0101a 6y agoSome goods are more volatile than others, and probably tend to be commodities (e.g., oil/WTI) rather than finished goods, but US$ (and the currencies of most developed economies) is less volatile than any good that I can think of.
- paulmd 6y agowhich is more volatile, bitcoin or GPU hardware? ;)
- NicoJuicy 6y agoNot that huge. A lot of payment providers implemented bitcoin in 2017 and then removed it again. It will be huge if it stays. But who wants to pay a 20$ transaction fee ( when it's a bit busy)
- nerdponx 6y agoWhat about other currencies? Stellar, Litecoin, Zcash, Monero, all the zillions of Ethereum tokens, and all the various other altcoins out there.