Steam dropped bitcoin support citing "high volatility" as a motive.
When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing?
If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad?
Where does the idea of high volatility being an unnecessary evil come from?
Are there good arguments or evidence which support the concept of high volatility being a negative circumstance?
In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?
When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing?
If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad?
Where does the idea of high volatility being an unnecessary evil come from?
Are there good arguments or evidence which support the concept of high volatility being a negative circumstance?
In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?
I'd consider it as a bad thing if the value doesn't get high, but in bitcoin's case, it's value goes really high that it makes any investment profitable. So for me, bitcoin's volatility is indeed a good opportunity for one to earn, if the volatility is used correctly. In addition, people shouldn't worry when the value is low because it will eventually get back up.