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A comment on El Salvador’s new Bitcoin wallets could cost Western Union $400M a year. Parent comment

Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by qeternity on Thursday September 09, 2021 @10:29AM (#28470073)
Institutional trader here. Yes, this.

Crypto is popular with traders because it's volatile and fragmented.

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Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by stiltzkin on Thursday September 09, 2021 @11:12AM (#28470561)
On crypto you need an asterisk as this is not a problem with stable coins as USDC or Dai.
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Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by qeternity on Thursday September 09, 2021 @11:24AM (#28470712)
Categorically, crypto is volatile. Just because some things aren't doesn't change that.
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Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by Milolol on Thursday September 09, 2021 @12:24PM (#28471436)
Overcollateralized stablecoins (like DAI) are not volatile and they are in the category of cryptocurrency. So they do change that. The change is slight, but ever-growing.

BTC's price itself has grown much less volatile.

> the volatility spikes in Bitcoin were most extreme in 2011, with subsequent spikes in volatility lessening over time

https://bitcoinist.com/looking-at-bitcoin-volatility-over-th...

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Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by stiltzkin on Thursday September 09, 2021 @04:36PM (#28474356)
If stable coins are not volatile that does not mean all crypto is volatile.
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