[avni000]

This is really helpful - thanks. A follow up question about volatility - is it true that volatility only really exists when trying to convert to currencies like the dollar or pound but doesn't exist if you remain within Bitcoin? Wouldn't that imply that it's like gold where it's good to buy as much as you can when the price in dollars drops but that once you own Bitcoin the price of goods in Bitcoin would remain constant?

[logn]

The BTC price of goods only remains constant if sellers decide so. And they generally have a supply chain and labor that is heavily impacted by exchange rates. Plus, neither consumers or producers are ignorant of exchange rates, so there aren't going to be products marked at 1 BTC forever if BTC appreciates/depreciates.

But there's nothing within BTC itself that's volatile. The currency is slowly being inflated to the target 21 MM coins.