Ninjastic
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Board Economics
Re: The fluctuation in pricing..
by
CasinoRoyal.one
on 31/05/2017, 05:04:56 UTC
Quote from: Velkro on May 30, 2017, 11:55:38 PM
Quote from: beantownsox87 on May 30, 2017, 08:52:08 PM
is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
You are wrong in one key ascept. Its not bad that Bitcoin is volatile, its natural occurence in fresh market. Oil or Gold is also volatile and it doesn't matter.

I agree to a certain degree that the volatility is good, however I do not see the comparison to gold and oil as a comparative measure as those two substances are relatively stable.  I hope we will start to see that stability sooner rather than later with Bitcoin.