Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by ekianjo on Monday January 04, 2021 @12:59PM
(#25635246)
> I want a heck of a lot less volatility in what I use to pay my bills and buy things than I'm willing to accept in my investment portfolio.
Which is good because BTC is used nowhere as a form of payment.
Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by ineedasername on Monday January 04, 2021 @01:11PM
(#25635452)
And I don't see how it will become one without stability, which leaves it the nominal role of "currency" but a defacto role of "security" or "commodity" that doesn't happen to be backed by assets as such things tend to be.
I suppose if it remains consistently deflationary over medium-long term periods, that could still be useful, but doesn't really fulfill the role most crypto advocates envision.
So, about 14%.
It is also disingenuous to compare its volatility to stocks when it is supposed to be a currency.
I want a heck of a lot less volatility in what I use to pay my bills and buy things than I'm willing to accept in my investment portfolio. Unless bitcoin and other coins demonstrate such stability, they aren't going to become a major form of payment.