Quote:
Originally Posted by afc wimbledon
True but that equally applies to crypto with the added benefit that some ######bag gets to periodically steal everything you have from his laptop in Belarus, the theory of crypto is secure, the practise of crypto is the most insecure crime ridden fraudulent sea of scams and grifters since they started selling swampland in Florida
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I disagree that it applies equally to bitcoin. Bitcoin, like real estate, is finite. The number of bitcoin will never inflate to debase it's value.
As one zooms out at a chart of bitcoin's value, it trends upwards as a finite asset should relative to an inflationary dollar.
Short term, price fluctuation is absolutely a problem with bitcoin. One should keep in mind that Bitcoin is a very young asset though. I don't know this but I would imagine that as money came into use, it's value fluctuated wildly relative to hard assets like wheat or chickens or swords or whatever. I think that one could also argue that bitcoin price fluctuation is starting to flatten. A one day price jump of 10% was noteworthy enough that Dino posted on this thread. Seven years ago, 10% jumps or drops were common place.