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Author Topic: Is BTC Volatility More of an Advantage than Disadvantage?  (Read 447 times)
Gyfts
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August 21, 2021, 07:20:46 PM
 #61

It's not an advantage, you ask someone why they won't adopt Bitcoin and volatility is one of the more popular reasons, among others.

You can't make the case to someone in the lower class that they should adopt a currency that might lose 20 percent of its value over night after a speculative bubble crash.

You can make the argument that fiat currencies lose a "flat rate" of its by virtue of its own existence of around 2-3 percent a year at least, which is the numbers set by the central banks, so it's more stable. Although, this doesn't take into account the risk of elevated inflation or hyper inflation - point being, the loss of value with fiat is more or less guaranteed, while crypto is difficult to predict.
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