Bitcoin (BTC) Volatility and Crash is Relative Short-Term Zoom Out Compare

Michael Saylor:  All of cryptocurrency’s wild swings would get captured by rules FASB is considering. But most significantly, assuming the market recovers, financial statements would get to reflect crypto price rebounds, not just downturns as under current reporting.

In countries suffering from collapsing currencies, centrally managed banks, capital controls, and excessive economic regulations, corporations, individuals, & families need a global ethical economic solution like Bitcoin to protect their wealth & prosper.

Community Reaction:  High inflation means high cost of living which leads to less savings and less spending.  No money for investing which results in outflow of money from cryptocurrency.

In countries suffering from collapsing currencies, centrally managed banks, capital controls, and excessive economic regulations, corporations, individuals, and families need a global ethical economic solution, to protect their wealth and prosper.

No currency is safe with inflation going rampant. It’s time we go for the next generational currency like bitcoin.  The world is currently suffering from a strong dollar, not anything you mentioned.

 I think what he’s getting at is; Bitcoin has lost value to fiat, but if you’re just using bitcoin, your 1 BTC is still 1 BTC, he’s not taking about it’s USD price Just usual maxi talk.

The future is impossible to predict. Any currency, like the dollar, can crash at any moment. But Bitcoin is something new—perhaps one day it will change the way we do things. Who knows when that will be?

Seems there is heavy manipulation going on by the exchanges since majority doesn’t withdraw their SATs. Exchanges playing the old “I will watch your Gold for you” game, then selling more BTC on paper than available and God knows what else.

Most centralized entities has a single point of failure and can go offline anytime. But Bitcoin is fully decentralized, meaning it will always online. Bitcoin gives power to the people not to few individuals. Bitcoin is free from manipulation and inflation. Bitcoin won’t crash.

I am not advocate of him, but It’s crashing against dollar. But over time, it’s purchasing power rise exponentially while the dollar purchasing power continually falls with bigger supply. So, it is much better store of wealth, long-term as for now.

BTC maxis being like “If you think Bitcoin crashes, you don’t know what Bitcoin is, go learn 10000 hours about bitcoin to understand that it’s not crashing right now and actually goes up.”

This was dumb honestly considering the fact you bought at 59k and now being 20k.

Bitcoin’s volatility is short term. A crash is always relative to your time frame. Zoom out and compare.