btc volatility

in cryptocurrency •  7 years ago 

Guys people say to be rich in BTC, I think this is total nonsense. BTC is so unstable and to volatile to be classed as a store of value. You work hard all year trading and accumulating more BTC for it to tank and loose half its value due to a manipulation of whales and the likes. Fiat is the only stable currency to hedge against. At the end of the day we got into crypto to make money not to change the world, cause guess what Wherever there is vasts amounts of money to be made there will be corruption, fraud, theft and manipulation, so what kind of revolution is crypto if the same banksters and fraudsters have just start trading crypto?. Just like in centralised banking, nothing changes we just have to adapt quicker then the governments and banks adapt to get a slice before they do.

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But lets not confuse Bitcoin with cryptos generally. Cryptos are here to stay and realistically the dollar/fiat can't keep running the dollar "print-to-infinity" ponzi scheme forever. I've never believed BTC should be the be all end all crypto, any more than there should be one dominant player in any industry ... many of the alts will be the future of cryptos, as they should be on technical merit.