Re:Bitcoin.org removes “fast” and “low fees” from Bitcoin de...
by hndamien on Tuesday January 23, 2018 @12:13AM
(#16211204)
The AUD against USD dropped close to 50% in a couple of weeks in 2008. It sucked having all of my wealth in AUD at that time. Recently a similar thing happened with BTC, but at least it was after a rapid gain. Diversification is the key.
There's always going to be niche markets for people who can't use fiat currencies for one reason or another (international commerce, failed states, black markets, etc.), and there's probably going to be some number of hobbyists who want to transact in crypto as a political or technical end in itself.
But why would the median consumer possibly want to migrate to a world where their real net worth could halve or double literally overnight, repeatedly, at any time, for reasons they can neither predict nor control?