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This crash doesn't really have anything to do with bitcoin itself. Volatility is not a feature of bitcoin, but a feature of the market which trades bitcoin. Thi
by Geee 4y ago
This crash doesn't really have anything to do with bitcoin itself. Volatility is not a feature of bitcoin, but a feature of the market which trades bitcoin. This volatility is a result of market participants investing with huge leverages and taking too much risk. It's a weird market. People tend to be bullish on long term which makes them overtly bullish on short term. There needs to be some kind of adjustment in behavior, which could happen with time.
Less volatility would make bitcoin more useful as money and therefore more valuable. So, the market should learn to control the volatility if the goal is to increase its value in long term.
- ShamelessC 4y agoYou're aware that you're about two sentences away from realizing that cryptocurrency needs to be highly regulated, to the point that it no longer has any unique benefits over fiat, right?
- Geee 4y agoNo, I'm not saying that. I don't think regulations would help at all.
- ShamelessC 4y agoSo convincing. /s