2minutebitcoin on Nostr: Another massively underappreciated reason for why Bitcoin is volatile - it's ...
Another massively underappreciated reason for why Bitcoin is volatile - it's decentralized!
Centralized sectors have low volatility because it takes just a handful of actors to suppress it.
This was literally one of the reasons Rockefeller established the oil cartel he had - the volatility would otherwise hurt the sector too much.
Of course the stock market won't have volatility when there is a centralized exchange that stops trading for 15 minutes if the S&P drops 7% in a day (this is real, google it).
Of course the bond market won't have volatility when there are only a handful of big institutional players trading it.
Under Communism we also had no price volatility... until it collapsed.
We have been diluted to believe that lack of volatility is natural and a mark of health. It's the opposite.
Published at
2023-05-09 20:18:42Event JSON
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"content": "Another massively underappreciated reason for why Bitcoin is volatile - it's decentralized!\n\nCentralized sectors have low volatility because it takes just a handful of actors to suppress it.\n\nThis was literally one of the reasons Rockefeller established the oil cartel he had - the volatility would otherwise hurt the sector too much.\n\nOf course the stock market won't have volatility when there is a centralized exchange that stops trading for 15 minutes if the S\u0026P drops 7% in a day (this is real, google it).\n\nOf course the bond market won't have volatility when there are only a handful of big institutional players trading it.\n\nUnder Communism we also had no price volatility... until it collapsed.\n\nWe have been diluted to believe that lack of volatility is natural and a mark of health. It's the opposite.",
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