3 ms·
Right, because although the Lira is the most volatile currency, a 15% one day move is a black swan. For bitcoin, it happens every couple of months.
by qeternity 5y ago
Right, because although the Lira is the most volatile currency, a 15% one day move is a black swan. For bitcoin, it happens every couple of months.
- samstave 5y agowhat do you think btc's 'black swan' will be?
- ComodoHacker 5y agoStability?
- ChrisClark 5y agoChina will ban it for the 17th time? (kinda sarcasm, kinda not)
- qeternity 5y agoIt doesn't matter. Bitcoin's normal price discovery is volatile to the degree that only black swans are in fiat currencies.
- JanisL 5y agoIts not a real black swan because it's so painfully obvious to anyone who's looked at it in depth but the demise of Tether will have an enormous impact on BTC.
- Jensson 5y agoNext downturn when everyone wants to cash out all their investments at once so they can pay rent and such. BTC has yet to experience a downturn, I don't think it will be pretty.
- azth 5y agoThe large investors will buy even more.
- somebodythere 5y agoBitcoin has had downturn of over 80% in USD terms in the past 5 years.
- mr_toad 5y ago> what do you think btc's 'black swan' will be? Being a usable currency.