 | A common argument against Bitcoin is that "Bitcoin is too volatile". People from traditional finance --politicians, bankers, regulators, analysts, etc.-- like to recommend others to not buy or to sell their Bitcoin using the volatility argument, so that people do not "lose their hard-earned money". Volatility is also used as an argument for regulation. Popular figures in the finance world like to claim this and there are articles on this issue everyday. Two recent examples: There's some truth to Bitcoin being volatile, of course. We are down ~78% since November 2021. But over the past year, many stocks have been as volatile if not more volatile. This applies to small and large stocks. A few popular examples: (1) Netflix, -77% from November 2021 to May 2022 (2) Tesla, -74% from November 2021 to December 2022 (3) Paypal, -79% from July 2021 to December 2022 (4) Meta/Facebook, -77% from August 2021 to October 2022 (5) Bed, Bath, & Beyond, -96% from January 2021 to December 2022 Obviously the stock market has the same "problem" of volatility. These traditional finance people should then either:
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