This is so wrong. Bitcoin is excessively volatile now, and probably will be for a while. This is due to many, many reasons related to its age as a currency. Th

This is so wrong. Bitcoin is excessively volatile now, and probably will be for a while. This is due to many, many reasons related to its age as a currency. The exchange rate will never be stable, but will not always be so volatile. Regarding deflationary monetary systems, there is much debate. However people exchange things of value when there is mutual benefit - when something I have is worth more to you than to me, and vice versa, we will exchange as it is mutually beneficial. If an asset is appreciating, it affects what value I give it and for what I am willing trade, but it does not disincentive trade - it only changes the value calculation. If I have $100 that will probably be worth $90 in 5 years, I'm willing to trade it for something that adds about $90 of value to me over the next 5 years. If I have $100 that will probably be worth $110, I'm willing to trade it for something that adds $110 of value over the next 5 years. I think the anti-deflation argument is entirely bunk, and inflation has dire consequences for those who have fewer assets and education to protect themselves.