not as visible with other assets
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I don't think that analogy applies to
$BTC. Odds of the value plummeting to zero are negligible.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Volatility correlates with market cap. As it continues to grow, it will stabilize.
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This isn't a currency, stocks with much lower market cap hold a stable value better than this.
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Yea what caused this?
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It's fine storage of value as long as more people are convinced it's a storage of value. Many are working hard to convince others it is. At least this is less suspicious than calling it a currency
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Combined price of
$BTC+$BCH relatively stable at around $8k. If you were storing your value & not trading then you held both after the fork.Thanks. Twitter will use this to make your timeline better. UndoUndo
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I wasn't either till I had to deal with my GF mood swings. Anyway assets backed currencies are things of the past.
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The question is when the ride will end. I don't expect my
$USD to lose all its value before the end of my life. -
I suspect that expectation is based on a number of assumptions and observations, and I bet none of them apply to Bitcoin.
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