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Re:Bitcoin surges to all-time high above $1,700 by hartator on Tuesday May 09, 2017 @05:53PM (#14304122)
Why stability is better than volatility?

It doesn't seem that obvious to me. Every time price stability is forced onto something, it just destroyed its market.

Re:Bitcoin surges to all-time high above $1,700 by Avshalom on Tuesday May 09, 2017 @06:00PM (#14304171)
If you buy in today and it drops to $1.7 tomorrow, do you spend or do you hope that it'll get back near $1700.00 soon? how much are you willing to do with out for how long? that's the question that volatility is constantly asking and it depresses the velocity of money, depressing whatever economy is based on it.
Re:Bitcoin surges to all-time high above $1,700 by dxhdr on Tuesday May 09, 2017 @05:56PM (#14304149)
> Why stability is better than volatility?

It's self-evident that a stable currency is preferable to volatile, though I'm interested in reading an argument to the contrary.

volatile: liability to change rapidly and unpredictably, especially for the worse.

stable: not likely to change or fail; firmly established.

Re:Bitcoin surges to all-time high above $1,700 by chii on Thursday May 11, 2017 @10:13AM (#14316122)
Let me play the devil's advocate, and day that volatility is an enabler for gambling or betting, and people are known to want to bet.
Re:Bitcoin surges to all-time high above $1,700 by s73ver on Tuesday May 09, 2017 @07:32PM (#14304773)
Suppose I get paid in BTC, and have a landlord that accepts BTC in rent. Let's say my rent is $2000/month. I get paid X amount of BTC a month for my job. If the price of BTC drops below where my X Bitcoin is not enough to pay my rent, that illustrates volatility being a bad thing.
Re:Bitcoin surges to all-time high above $1,700 by wolco on Tuesday May 09, 2017 @09:10PM (#14305198)
When you sell the coin for cash you know exactly the amount you will have. Bitcoin needs a stable secondary currency or an exchange that will process the transaction immediately but sent payment at a later date.