Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin so unstable?
by
kemoglo
on 20/08/2020, 23:13:27 UTC
Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?

It's too new, the more people adopt it the more stable it becomes. We're still in the early adopters stage