Can You Believe It? Bitcoin Less Volatile Than Stocks

g-dubs (71) in bitcoin • 6 years ago

Well I thought I’d never see the day.

But it just came out bitcoin has been less volatile than the DOW, NASDAQ, and S&P 500.

Wow!

Over 2017 bitcoin went up over 1,200%.

And then in 2018 we’ve been down as much as 70%.

For anyone who’s been in crypto for any amount of time it’s always been a roller coaster.

So I think this is a great sign bitcoin can be less volatile than the markets.

Perhaps it’s telling us that the markets are a lot more risky than bitcoin.

I remain in both.

If you don’t have any bitcoin you should get some. It’s been shown to be uncorrelated to other assets.

Just think of it as stock market insurance.

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6 years ago by g-dubs (71)

$31.49

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msena (60) · 6 years ago

Some people have a bad idea about cryptos but they they don't think that if cryptos can give you a 1200% profit in a single year then 70% loses is nothing. Just hold it more than 2-5 years without tension then I believe you will again gain more than 200-1000% profit. No bank can be able to give you such a huge profit like cryptos specially for Bitcoin.