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by dsacco 3284 days ago
Volatility is not an assurance of consensus valuation or rationality.
1 comments

Volatility is a sign of a lack of liquidity in a market that is rapidly gaining (or decreasing) in accumulated capital. In bitcoin, for now, it is increasing. In bitcoin the important point isn't the volatility, but the fact that it is objectively being sought after by an increasing number of people.