With this level of volatility, no one would be using BTC for anything except for pure speculation. Who would dare purchase anything for 1 BTC when the value of that BTC could go up 10% the next day?
When there is no inherent use of something other than pure speculation, then it will end badly. This is 21st century tulip bulbs, but I cheer on anyone who has the balls to jump in and make money on BTC while there's money to be made.
But holding on long term is seriously a fool's game, this is a trading instrument, not something with any long term value.
When there is no inherent use of something other than pure speculation, then it will end badly. This is 21st century tulip bulbs, but I cheer on anyone who has the balls to jump in and make money on BTC while there's money to be made.
But holding on long term is seriously a fool's game, this is a trading instrument, not something with any long term value.