3 ms·

Bitcoin is going to be extremely volatile. I don't think that has a lot of significance for its long term viability.

• jussij 14y ago
  The last thing you want in a trading currency is extreme volatility.
  • jcoby 14y ago
    I watched this for three minutes and in that time its value went from 37 to nearly 40 and back to 37 again. Several times. How in the world can you use a currency that changes value by almost 10% every 60 seconds?
    • craftkiller 14y ago
      The more that people use it, the more stable the currency will get.
  • mhartl 14y ago
    There's a natural monopoly in a medium of savings used to defer consumption. Among competing currencies, the winner is the "bubble that doesn't pop". Until the monopoly is established, though, volatility is to be expected, as it would be with any bubble.