02-09-2021, 08:15 AM
(02-09-2021, 05:01 AM)fenders53 Wrote: I get the point but there is no comparison between USD and BTC. When did usd ever move 10x up or down in months? Or most any other reputable gov issued currency? I dont rule out it's possible crypto stabilizes some year and becomes a store of value. For now it trades like a meme stock that wont give up.
Probably in the first few years following it's introduction in 1792.
Bitcoin has always traded like a fully speculative security, because that is what it is for the moment. I don't think bitcoin itself will be the currency of the future, but one of these crypto coins could very well make it big somewhere down the line. (decades from now) Crypto has very few actual uses right now but I do think the massive volatility, and the sheer amount of different coins, are the main reasons.
Give it time, I'm sure a thousand years ago people were skeptical of some dude wanting to take their food in exchange for an inedible coin with some dudes face on it.