Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: ChuckBuck on March 14, 2020, 07:04:44 AM

Quote from: bones261 on March 13, 2020, 10:58:12 PM

But if I take my fiat and convert it to cash, I can use it as toilet paper. You can't do that with BTC.

I don't know what you think when you use the "convert" word here Roll Eyes

If you convert fiat into cash, I can also exchange BTC for cash, what is the difference? Can BTC still be used as toilet paper in a different way? Just kidding Wink

Quote from: Icygreen on March 14, 2020, 05:08:09 AM

I think that's called intrinsic value Cheesy

No way, can't think of a better way to call it Cheesy

So what is the intrinsic value of Bitcoin? Can I call the terrible volatility the intrinsic value to bitcoin?

Quote from: Pseudo-Random on March 13, 2020, 03:04:52 AM

A historic ~49% range in a single 40-minute candle.

Not at all, Bitcoin is a mere 100 billion market cap today on it's journey to replace a irresponsible monetary policy.
Volatility is expected. There won't be as much volatility when BTC has a much larger market cap like gold. You're just early if you thought it should be stable.