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It is "as volatile as ever" - the swings may not be as high, but they're of more "value" ... 20% of $35k is more than 90% of $5k :)
by warrenm 3y ago
It is "as volatile as ever" - the swings may not be as high, but they're of more "value" ... 20% of $35k is more than 90% of $5k :)
- ArtTimeInvestor 3y agoNo. A 20% swing is a 20% swing, no matter the current BTC/USD exchange rate. If you hold 10% of your portfolio in Bitcoin and Bitcoin goes up 20%, your portfolio gained 2%. No matter what the BTC/USD exchange rate was before the 20% increase. If you agree to pay 1 BTC for something and the BTC/USD exchange rate goes up by 20%, the price you pay in Dollar went up 20%. No matter what the BTC/USD exchange rate was before the 20% increase.