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>Bitcoin becomes less volatile over time >Bitcoin was less volatile than AMZN or AAPL in 2020 (3-month realised volatility) Not sure what you are smoking. Bi
by mrlala 6y ago
>Bitcoin becomes less volatile over time
>Bitcoin was less volatile than AMZN or AAPL in 2020 (3-month realised volatility)
Not sure what you are smoking. Bitcoin literally just went between about 27k and 34k today. That's about a 20% swing.
Ethereum had a 60% swing.
Not volatile at all! Nope, nope, nope not at all.
- Bjartr 6y agoYou have a point, but so does he, considering today took place in 2021, not 2020.
- frankenst1 6y agoI was talking about 3-month volatility in 2020, you are talking about daily volatility today. But even on daily %-change in 2020, BTC doesn't look different to other stocks: https://imgur.com/a/mE7bSI4 https://imgur.com/a/mE7bSI4 (the green one is TSLA by the way). Since we are talking about a company putting $400M of BTC in their balance sheets, I doubt they are worried by daily volatility.
- incrudible 6y agoIf Bitcoin is supposed to be a currency like the dollar, its volatility is ridiculous. If it is supposed to be a store of value, like gold, its volatility is ridiculous. Now you are retreating to stocks for a comparison. Indeed, if Bitcoin is supposed to be treated like individual stock, volatility of Bitcoin becomes reasonable, but it is still very high. That is why you do not put all your money into a single stock. You diversify, like in an index fund. Compared to an index fund, Bitcoin volatility is ridiculous. Unlike with stock, there is no index fund for cryptocurrency that is substantially less volatile than Bitcoin itself.
- deleted 6y ago[deleted]