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Whereas Bitcoin has been around for hundreds of years and is still going strong.

• renonce 4y ago
  Bitcoin was invented in 2009 so it's been around for exactly 13 years. And its value is extremely volatile.
  • sph 4y ago
    Imagine if money didn't exist at all and we invented it today. It would be such an enormous technological game changer its value would change very very rapidly as we're going from zero to a huge "market cap" very quickly. Imagine a pool. If you fill it with a lot of water rapidly, there's going to be a lot of turbulence. Doesn't mean that in the long run, as it gets filled, it won't settle down. The volatility argument doesn't consider the fact that it's gone from zero to something big players and states invest in in 13 years. And that frankly it was not good enough to be digital cash but it's getting there. That's bound to cause a lot of turbulence.
    • andsoitis 4y ago
      So are you suggesting?: Hang on tight Buy more coin It will stabilize some day
      • sph 4y ago
        I'm not suggesting anything. I'm just saying it's early to say how volatile it is in the long term. In the short term, it's a roller coaster for sure. But economically and mathematically speaking, a deflationary currency tends to be less volatile than an inflationary one. Do whatever you want with your money.
        • andsoitis 4y ago
          > a deflationary currency tends While Bitcoin might be a deflationary currency (i.e. max supply), cryptocurrency more generally has infinite supply (anyone can start a currency).