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i disagree with you. i believe the 7 year graph here shows a very unstable currency that has a reputation for being used in fraudulent activity such as money laundering and other anonymous criminal activity. as can see in this 7year graph there is a crash after every peak of the dollar. that is unstable volatility coupled with years of federal reserve qe printing:
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i disagree with you. i believe the 7 year graph here shows a very unstable currency that has a reputation for being used in fraudulent activity such as money laundering and other anonymous criminal activity. as can see in this 7year graph there is a crash after every peak of the dollar. that is unstable volatility coupled with years of federal reserve qe printing:
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The dollar shows less than 20% volatility over the course of 7 years on your chart.
Ignoring the fact that Bitcoin didn't exist seven years ago, its volatility was in the order of 10,000% over just the past 5 years.
Bonus point: Calculate the relative stability.
this guy says bitcoins early volatility is normal S curve activity: http://www.youtube.com/watch?v=qHUPPYzzZrI
7 years ago on the chart was the runup to the 2007-2008 financial crisis... which eerily starting to look like todays chart.
So what are you implying?
that we are still in the price finding mode for bitcoin..
that we have not reached the point in the S curve of parabolic for bitcoin ..
and that the us economy is still on the edge ..
that the paper fiat usd 'in god we trust' the federal reserve to print money has been a failure..
that we cannot trust an invisible god with our currency ..
that science trumps 'trusting in god' to print our money.
