Hacker News new | ask | show | jobs
by andsoitis 1402 days ago
So are you suggesting?:

Hang on tight

Buy more coin

It will stabilize some day

1 comments

I'm not suggesting anything. I'm just saying it's early to say how volatile it is in the long term. In the short term, it's a roller coaster for sure.

But economically and mathematically speaking, a deflationary currency tends to be less volatile than an inflationary one.

Do whatever you want with your money.

> a deflationary currency tends

While Bitcoin might be a deflationary currency (i.e. max supply), cryptocurrency more generally has infinite supply (anyone can start a currency).