Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Mervyn_Pumpkinhead
on 21/07/2016, 11:04:06 UTC
Bitcoin is fairly "predictable". It's long term trend is upwards and its buying power increases in terms of tangible assets. I can't say the same for fiat currencies Tongue

Even KZT or RUB are more predictable, with less volatility. Try running a business, that is solely dependent on bitcoin. The prices, the wages, utility costs all planned based on value of bitcoin and see how far you can go. There is a reason why almost all the merchants need bitpay - because they offer the buffer of USD value stability that will make doing business possible. In my mind, bitcoin isn't actually a real currency because it lacks a mechanism for any value stability. It's just a technological gimmick that brought forward an idea how things could be in the future, when cryptocurrencies will actually become practical tools of finance.

You hope that bitcoin will trend upwards in the future. And sorry, but the hopes of bitcoiners aren't exactly solid enough to make a good store of value asset.