Steam dropped bitcoin support citing "high volatility" as a motive.
When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing?
If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad?
Where does the idea of high volatility being an unnecessary evil come from?
Are there good arguments or evidence which support the concept of high volatility being a negative circumstance?
In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?
In my opinion, I think Bitcoin's fluctuations are not bad, fluctuations are the nature of Bitcoins and of cryptocurrency, their values are constantly changing everyday. Bitcoin's value increases from $ 6,000 to $ 16,000 over a period of months, and I think it's not something that is too bad and dangerous. Many fear that rising too high will cause asset bubbles, but Bitcoin is still pretty good. However, there will be two sides, every time Bitcoin fluctuates in a downward direction, it will make some people worry. But overall, Bitcoin fluctuations isn't a bad thing