4 ms·
Then you will miss the moment when "Bitcoin has arrived". You see, if anything the last 5 years has taught us, is that Bitcoin's adoption can continue to drama
by mrb 13y ago
Then you will miss the moment when "Bitcoin has arrived".
You see, if anything the last 5 years has taught us, is that Bitcoin's adoption can continue to dramatically increase despite wild volatility. (Data point: Bitpay signed up 10,000 merchants through a period when 1 BTC was sometimes losing 50% of its value intra-day!)
Volatility is unfortunate, that's for sure, and it is expected to decline over time as trading volume increases. But if you want to measure Bitcoin's success/adoption, look at actual adoption, instead of volatility.
- grey-area 13y agoActual adoption as a currency requires pricing in that currency, that requires stability.
- mrb 13y agoThen you will miss Bitcoin's success as payment processing, as a remittance (replacing Western Union, MoneyGram...), etc. Bitcoin is used more than just as a currency. Restricting your view to only its use as a currency is not seeing Bitcoin's success in these other areas.