I'm sick and tired of hearing this over and over.
Bitcoin has a "Market Cap" of 8 billion dollars where the perceived "value" hangs by a thread almost all the time. What regulation will be passed? Will China ban it? OMG Amazon takes Bitcoin. OMGWTFBBQ the banks are shutting down accounts. Add to this the huge potential of Bitcoin itself and you have a recipe for volatility. This is not a bad thing! Price discovery for Bitcoin will continue for a long time.
Stocks regularly gain/lose huge percentages of value, do you ever hear that there is a "volatility problem" with the stock market? NO
This perception that Bitcoin cannot be a currency because it is so volatile has to stop. It IS a currency now. The volatility is caused by normal price discovery on something that "could" change the world.
Is anyone else sick of this?
Hi
You must breath and relax.
1st - Bitcoin is not a currency. You might think it is because you can pay with Bitcoin for many cool and different things. But Bitcoin is not a currency. It is a digital currency. A currency for people over the Interweb.
But It is not a currency at the moment
and it is nothing BAD!
When Bitcoin will became a currency - regulations will come to it. I mean gov regulations.
2nd - There is a lot of volatility in Bitcoin
And most of us likes it when we talk about market price volatility
3rd - Yes. Price is not yet discovered. And more likely it is sure that it will be much much higher after few years.
Regards.