Yeah. Our mindset is the real world.
Discussion
It’s all a matter of perspective. You only think bitcoin is volatile because you’ve only measured it’s value in fiat terms. What if I measured the value of fiat in bitcoin terms, then would you agree fiat is volatile? See the chart below, the value of $1 priced in bitcoin terms. Now what’s volatile?
If you only measure a standard by itself then it will never look volatile, you black gorilla nigger.
Well I’m gonna block you after i get this last note out cause that last part was uncalled for.
You believe $1 = $1, I believe 1 btc = 1 btc. Therefore you think bitcoin is volatile, and I think fiat is volatile. That’s the only difference here.
You are a person who has read everything about Bitcoin (fake Internet money) and nothing about actual economic theories.
Home price in BTC...., interesting results...makes you think
Ok let’s replace price with purchasing power.
Bitcoin is volatile in terms of purchasing power, given that it is not in itself a unit of account.
I buy $60 of bitcoin today. I want to spend it tomorrow on groceries. The price of BTC went down and my $60 are now only worth $50. This is a consistent pattern. I don’t have day to day purchasing power stability.
I am talking about relatively short time frames given that we are talking about the use case of bitcoin as a practical way to transact on a daily basis.