Replying to Avatar MissElSalvador

When I speak to Salvadorans I hear that one of their main concerns and reasons not to buy #Bitcoin is price volatility. What are the best arguments to orange pill someone with this concern? 👸🏻🍊💊

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Juraj 2y ago

1.) Prices should be volatile, they are an information system. In fact stability is a huge red flag, it is an indication of manipulation.

2.) Fiat is predictably losing its value - certainty of loss of purchasing power is worse than volatility.

3.) False expectation of stability vs. volatile reality causes stress. If you expect volatility, you have no stress. It takes a bit of a skill to get to that mindset, but when you realize it matches reality, your mind is adapted to the reality...

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Juraj 2y ago

4.) Some stability can be bought on the market, or built by saving.

Bitcoin is ideal tool for saving and thus a volatile asset can give you stability.

5.) This "stability cushion" does not mean you have to sell Bitcoin. The price might not be right (and is probably not right). Bitcoin is better thought of as a collateral if you are saving. Just borrow fiat when you need, no need to make the decision about selling.