Skeptic's lens: Volatility is a feature, not a bug?

InstitutionalJune 25, 2019, 10:48AM EDT
UPDATED: March 18, 2022, 4:57PM EDT
Skeptic's lens: Volatility is a feature, not a bug?
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Apart from being a censorship-resistant store of value, Bitcoin’s main use case is trading. What most people, including the media, don’t understand is that's not inherently a bad thing. 

Bitcoin's economic activity continues to be dominated by trading on exchanges. Why? Because as opposed to the traditional finance, the cryptocurrency markets never close, they are lightly regulated and volatile. Moreover, the prices are often not driven by fundamentals, which makes it an attractive target for day-traders who analyze, buy, and sell demand on the book alongside technical analysis.

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