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The price of BitCoin doesn't "go up and down hundreds of percents per day".

• illiarian 4y ago
  Even a 20% fluctuation would make it unviable for a person who needs to make long-term planning like, you know, paying rent and buying food. Last week alone bitcoin price fluctuation was ~8%. Last month? 146%
  • Idiot_in_Vain 4y ago
    146%? Any source on that? It would need to go from 20K to 50K.
    • illiarian 4y ago
      My bad. It looks like I misclicked on some graph here: https://www.coindesk.com/price/bitcoin/ https://www.coindesk.com/price/bitcoin/ But we could take past year as a whole. Fluctuations from 47k to 16.4k (3 times drop) then 27k (1.6 rise, still 1.7 below the high). There are drops that go to a price 1.5 lower in just a week. Imagine you need to pay rent on that week.