RE: World Economic Reality: Bitcoin Vs Petroleum

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World Economic Reality: Bitcoin Vs Petroleum

in bitcoin •  7 years ago 

Stability is relative. Do I think Bitcoin will forever be a store of value? Yes. Will it behave somewhat independently of fiat sovereign currency? Yes. However, and especially in the near term it will be very volatile. Long term stability in Bitcoin will not happen until it is primarily earned as an exchange for time and spent on the exchange of goods and services necessary for life.

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Excellent perspective, without doubt, you have to wait for the time to pass, and observe the evolution of it