Everyday Crypto #012 – Bitcoin Myths, Volatility

Bitcoin volatility has been brought up by some as a fundamental problem for bitcoin. Volatility is expected when there is a limited supply and global demand for something. Recently, people have claimed Bitcoin is now stable, I think that is just temporary and real stability won’t happen until we at 10-100x the current market cap. Bitpay and Coinbase provide solutions for the merchant side so they are insulated from volatility. Coinbase also provides a way to automatically buy more bitcoin after spending them for consumers. Coinapult, BitsharesX and NXT are all providing ways to hedge against volatility in their own unique ways.

There are many ways in which this is addressed from a practical point of view. However, volatility is fun! so here’s to more volatility!

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