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?
The main worry in this bitcoin business is that it's hard to know exactly who investors, especially big players who invest their money to buy lots of bitcoin. Increase in amazon stocks is listed in the stock index which is registered by a particular business entity, while the movement of investments in bitcoin despite a positive but more risky move because of many factors that we can not be exact information why they billionaire invest in bitcoin, whether only to seek long-term profit long by supporting bitcoin or even looking for short-term profits, which then leave the bitcoin and cause chaos afterward.
So this volatile factor becomes confused, whether investors are like a product offered bitcoin or just want to play in the stock market.