if everyone would please stop getting shocked about 1%-15% price movements
this is normal.
take fiat last year and the year before that
US$ GB£ 165-150 (15%) most brits do not even care/notice. half of media do not make a big deal
by this i mean cisitizens dont care but some media report it but its not the main story of the day..
US$ GB£ 165-135 (30%) most brits do not even care/notice. most media reported that it was due to brexit.. even when the truth is it was related to shifts in the IMF's sdr
.
by this i mean cisitizens dont care but many media reported, but couldnt explain the real reason and thus they FUD it to link to other controversial stories that are happening to try and make it into bigger news
in the end.. people still buy bread. milk toilet paper.. the world didnt end when fiat moved 30% last year..
so lets do the same with bitcoin and not care when prices move 1%-15%, just treat it like normal trading waves.
Bitcoin is very different to these currencies in that it is intended to be a global currency. You can argue one way or the other what that should mean for people's perceptions on volatility but there's definitely a difference to more traditional one country currencies. I think the key point you were trying to get at but slightly missed is that bitcoin price in FIAT is not relevant if it is to be used properly. If the £ increases 20% versus the dollar, it doesn't buy you 20% more bread in the UK and that is what most people care about. The same can be true for bitcoin if it reaches its true potential. x amount of BTC will be worth x amount of some relevant good, the price in FIAT will become obsolete.