[2019-06-13] This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

[SlamDunkIT]

https://www.ccn.com/this-bitcoin-chart-destroys-the-argument-that-btc-cant-be-money/

"Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency.

And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method.

But it’s slowly changing..."

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[cr1776]

The article:  “Why on earth would anyone sell something in exchange for Bitcoin, when the value of that cryptocurrency literally changes moment to moment?”

Because anyone who has done so during the last 10 years with the exception of about 2 months at the end of 2017/early 2018, has done extremely well by holding bitcoin.

In short, anyone willing to sell something in exchange for bitcoin and hold it for any reasonably long period of time has done phenomenally.  And if you are willing to hold bitcoin for longer period after the 2017 run-up, you'll likely do well again. 

I "sold" my time (and electricity) mining bitcoin starting in July 2010 after the slashdot article and don't regret it.

Each halving so far has had a large fiat price increase within about 6-9 months afterward.  We'll see what happens less than a year from now.

[Harlot]

That's how it works traditional investors and economists alike are always skeptical when new money comes in, they will always stick up on what they know works while at the same time have a negative view towards new investments like the crypto industry, you'll never see them have a good opinion  about it because they simply have a close mind towards it. If you have notice it we will always see blockchain-related or crypto related companies being lead up by a young person because young guys like us are more open-minded to the idea and we enjoy the risk in order to have a bigger reward.

[Schirer]

The article is just another misinterpretation of statistics.

Yes, the chart proves the hypothesis that BTC is becoming more stable compared to early days but it doe snot means that its is stable enough for every day use!

It is simple as coins gains more market cap, it gets more stable.