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by gammateam 2743 days ago
Commodities are volatile and seasonal

Bitcoin is a commodity steered by the same level of supply and demand pressures but held to a higher fictional standard by people that trade and evaluate it like a different asset class (equities)
1 comments
tim333 2743 days ago
It's not really a commodity like oil. I feel The Onion was closer in calling it "crazy imaginary internet money" https://www.theonion.com/bitcoin-plunge-reveals-possible-vul...
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gammateam 2742 days ago
Why isnt it also a commodity like oil? it is the fuel for its blockchain. You cant use that public resource without it. It is built to plunge and surge just like oil prices do, based on supply and demand, which also comes in seasons just like oil.

Most commodities have seasonal patterns. Bitcoin trades like those.

It isnt controversial when a conmodity plunges and surges. Its actually better for different parts of the population at different times.

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