1 upvotes, 2 direct replies (showing 2)
View submission: Bitcoin price suddenly crashes below $30k
I know you aren't supposed to give investing advice but how certain are you of this? Its impossible to know the future but I wonder how certain I could be to count on that vs inflation since like you said it trends up instead of down constantly like the dollar.
Comment by arianjalali at 22/06/2021 at 18:16 UTC
6 upvotes, 0 direct replies
Volatility is a feature of any emerging asset class. Bitcoin is a protocol that harnesses + distributes monetary energy across its network. No technology has ever undergone continuous valuation for over a decade like this before.
So what is the fair market price for an entire unit of this currency/SoV? Notice how your frame of reference changes at various intervals and milestones. It's difficult to determine, and it works this way for all investors
Comment by walloon5 at 22/06/2021 at 18:58 UTC
2 upvotes, 0 direct replies