Tunnel: volatility of dynamite and machinery tearing through the mountain side
Sculpture: volatility of hammering and chiseling marble
Payload: volatility of energy release of rocket to lift off launch pad
Discussion
We have a different view on volatility.
Do we?
Is dynamite not a volatile way to start a tunnel?
Is hammering not a volatile way to start a sculpture?
Is ignition not a volatile way to start a rocket?
To my understanding all statements are not volatile, because one of the aspects of volatility is unpredictability: all examples you made lead to a predictable outcome.
Dynamite: blows hole in rock which will be used for tunnel
Hammering: applied force to create sculpture
Ignition: burst of energy which lead to take off
Bitcoin: it is up to the market (subjective value) to decide its future; ergo non predictable and therefore volatile
All of the examples I provided do *not* lead to a predictable outcome.
Dynamite killing workers or causing avalanche
Hammer chiseling off too much marble or causing unexpected cracks
Rocket exploding or having to abort or malfunctioning half-way to orbit
Bitcoin’s fiat price volatility is just as unpredictable, at least during Bitcoin’s price discovery phase.
As more people, corporations, banks, and countries adopt #Bitcoin, then volatility smooths out.
The statements/unpredictability you refer to are related to human action, ergo too much dynamite, too much pressure, wrong calculations. The outcome is based on natural laws and therefore not volatile.
The price of bitcoin is subjective and related to all sort of unpredictable factors (available supply, demand, subjective value, liquidity etc…) and therefore volatile.
Dynamite is the volatile means in the beginning phase of a tunnel
Hammering is the volatile means in the beginning phase of sculpting marble
Ignition is the volatile means of rocket lift off
Price-discovery is the volatile means in the beginning phase of #Bitcoin’s fiat value
All carry volatile factors in the beginning phases
With your examples everything can be considered volatile at micro level, which is correct. But like I said earlier, we have a different view on volatility. No worries 🤙🏻
BTC price-discovery phase is like dynamite in the beginning phase of a tunnel
BTC price-discovery phase is like hammering in the beginning phase of sculpting marble
BTC price-discovery phase is like ignition of rocket lift-off
Price-discovery, dynamite, hammering, and ignition are all volatile.