Re:What Bitcoin Reveals About Financial Markets
by lrns_ on Friday February 09, 2018 @04:11AM
(#16338904)
"Nobody will ever use bitcoin as a means of exchange if the price of a car today is 30% less than it is tomorrow."
Yeah, that's not how it works. Most holders just spend and replenish with fiat.
"The most important thing with a means of transaction is the stability of its value. Bitcoin will never be stable so long as it is used as a vehicle for investment (aka a commodity)."
Yeah, that's not how it works. Most holders just spend and replenish with fiat.
"The most important thing with a means of transaction is the stability of its value. Bitcoin will never be stable so long as it is used as a vehicle for investment (aka a commodity)."
Volatility is expected to decrease over time. https://bitvol.info/index.html