| > Across a span of a year, all of this volatility cancels each other out. Bitcoin price was around $19k in December 2017. The price tumbled all the way down to around 7k in February, came back up to 11k, and now it is hovering at around 8k (numbers massively rounded, but you get the picture). If we consider this span alone (~6 months), Bitcoin's value has fluctuated by more than 50%. But if we consider a full year, things are even crazier since bitcoin was worth around 1k then. Source: https://www.coindesk.com/price/ The above is great if you are selling bitcoin. It is not so great if you are chained to any sort of contract (loans, phone contracts, car payments, etc). If the contract stipulates "X bitcoin per month", your loan/rent/whatever went up 8x in one year. If you are chained to that contract for several years (phone contracts in my country are typically for 2 years), you are massively fucked. |