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? 👸🏻🍊💊 
Discussion
Be patient. Buy a little bit all the time and you will accumulate more than just the average price.
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...
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.
All fiat currencies are volatile, let them have a look themselves.
Stocks are volatile (check out FAANGS, Pfizer)
Commodities are volatile, have you seen the price of oil lately? Or how about gold prices under Weimar Germany?
One more point, bitcoin is only volatile when measured in fiat, which really means that fiat is not a well-suited measure for bitcoin.
nostr:npub13ljnkd633c7maxatymv3y2fqq8vt3qk7j3tt0vytv90eztwgha9qmfcfhw they can get stable sats…
A great invention to manage volatility and still be able to hold bitcoin
Same answer as on Twitter.
Nobody who has held Bitcoin for more than 5 years can tell you that they've lost money/value. Bitcoin doesn't go down, only up for +14 years straight.
They're also not buying or investing, they're executing a foreign exchange from one currency to another. Perhaps show them some inflationary charts of the alternatives they have. Namely the USD and/or the EUR.
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Not added on twitter, tweet cap:
Bitcoin might be subject to short-term volatility which is partially related to the correlation to legacy markets because some people still think Bitcoin is a commodity but at one point Bitcoin will detach from the legacy markets and at that point EVERYONE you talked to and who didn't exchange their fiat money for Bitcoin will have huge regrets.
The price is volatile in the short term (6mo-2yr), but is very predictable in the long term (5yr-10yr). If you keep increasing the supply of something (USD) against a fixed supply of something else, the price of that other thing will always go up over the long term.
It won't always, it depends on demand.
That's why it's very possible, that these 5y-10y numerology cycles will break down at some point. In Bitcoin, demand is more important than supply - and miniscule supply changes (halving) is what drives these astrological cycles.
I would definitely not bet on long term predictability. We need to be more humble, we don't know what the future demand will be.
Long term thinking is the name of the game, but every time I meet a newbie, my first concern is that they don't go nuts dumping all of their money into it.
Instead, we (not just myself) encourage DCA (dollar cost average) which is what your president kinda started to do when they started buying 1 BTC everyday.... Allegedly.
Basically, if you buy once while its high and buy again when its low, your average buy in is in between. The longer its low, the lower your average buy in and if its high one day after that, then you might have more money than what you put in, even if its not as high as when you bought that one time when it was high.
Here's the lopp resources for DCA:
https://www.lopp.net/bitcoin-information/buying-earning.html#strategies
#bitcoin is digital energy. People buy what they can hodl. If they do this the small bitcoin allocation they own will have grown as a % of their overall wealth. This is the goal.
Best to use it to save for long term goals. Buy a car in 4-5 years.
It's understandable that no one wants to change how they deal with money in one go. No one should attempt to jump both feet first into any endeavour.
Instead, take a small amount, maybe some alcohol money or cigarette money and instead buy bitcoin with it. This will help you kick a bad habit hopefully, while also giving you the motivation to take an interest in it over time.
Eventually you will see and feel the effects of the volatility first hand, but with no meaningful risk to yourself. After 4-5 years, you will have witnessed most of Bitcoin's volatility swings and you will understand it's volatility compared to everything else.
It is not enough to hear sound bites and look at line graphs and then make a decision that bitcoin will be bad for you. Everyone should experience it at a safe distance to understand it better.
As mass adoption occurs, the value will "level out" compared to current price swings. That level will be higher than today's price.
Asked someone I know who doesn't use nostr what they would say, this was their answer:
"Salvadorans know volatility. They know the risks of corrupt money better than most. They simply need to ask themselves what is more volatile - the day to day speculations of Bitcoin buyers and sellers versus any other currency - or the money printing and management policies of opposing governments being elected every 4-8 years and each spending recklessly on opposing means."
Learn to price everything in sats
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