Post
Topic
Board Economics
Re: Bitcoin or gold?
by
deisik
on 30/06/2015, 11:36:55 UTC
still it is too much stable until now with this new pump, i was merely talking like how they look akin now with the bitcoin being stuck in the current range(remove the pump that is happening just recently, and that it started after my post) 230-250, for many months

The 230-250 range (which in fact should be something like 220-250) gives you +5% volatility, now compare that to gold daily highs and lows of being about 0.5-1% difference. If bitcoin became just less volatile, it doesn't mean that it became as stable as gold...

Personally, I think that even that is temporary

well i was never talking about perfectly comparison, i just said that it was akin to doge, in the last recent months

it is obvious you can't expect it to be exactly like gold it is, especially because bitcoin needs more years to achieve such stability

1% vs 5% is a pretty narrow difference for me

If you make perfect trades, this difference would allow you to earn up to 5 times more (provided all other things being the same). Surely not something to sneeze at, I think. But even if you just trade, you would still be able to earn 5 times more (given your percentage of losing trades remains the same for both of these volatilities), though less in absolute terms...

Now think of the effect of your income multiplied a few times, to get an idea (of how huge this difference really is)