<story><title>Is Bitcoin Becoming More Stable Than Gold?</title><url>http://blogs.wsj.com/moneybeat/2016/04/19/is-bitcoin-becoming-more-stable-than-gold/</url></story><parent_chain><item><author>JamilD</author><text>&amp;gt; &amp;quot;The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010.&amp;quot;&lt;p&gt;Twenty-four days is not enough time to extrapolate any real meaning. It could be just chance, it could be indicative of a long-term trend, but I&amp;#x27;d file this headline under the category of &amp;quot;questions to which the answer is no&amp;quot;.</text></item></parent_chain><comment><author>cb18</author><text>Not only is it not enough time to extrapolate any real meaning, but to choose a period of 24 days that correspond to a period of diminishing interest in bitcoin and heightened interest in gold because of roiling in the broader markets and then to suggest bitcoin is now more stable than gold is reaching the heights of absurdity.&lt;p&gt;Which is more &amp;#x27;stable&amp;#x27;?&lt;p&gt;A commodity on which economies have rested for millennia along with many other established uses, or a commodity less than a decade old that has yet to establish any sustainable use?&lt;p&gt;hmmm..</text></comment>
<story><title>Is Bitcoin Becoming More Stable Than Gold?</title><url>http://blogs.wsj.com/moneybeat/2016/04/19/is-bitcoin-becoming-more-stable-than-gold/</url></story><parent_chain><item><author>JamilD</author><text>&amp;gt; &amp;quot;The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010.&amp;quot;&lt;p&gt;Twenty-four days is not enough time to extrapolate any real meaning. It could be just chance, it could be indicative of a long-term trend, but I&amp;#x27;d file this headline under the category of &amp;quot;questions to which the answer is no&amp;quot;.</text></item></parent_chain><comment><author>tedks</author><text>&amp;gt;I&amp;#x27;d file this headline under the category of &amp;quot;questions to which the answer is no&amp;quot;.&lt;p&gt;Obviously if Bitcoin goes tits-up it will not be more stable than gold. There seems to be a non-trivial probability Bitcoin will go tits-up from shitty governance alone, but barring that it seems to me that Bitcoin has the potential to be far more stable than gold. Access to gold is dependent on a large amount of geopolitical factors that could all change at any time, as well as mineral extraction technology that is getting better all the time.&lt;p&gt;Extrapolating far enough, we&amp;#x27;ll never find an asteroid that&amp;#x27;s miraculously made almost entirely out of Bitcoin.&lt;p&gt;I&amp;#x27;m curious as to whether your viewpoint is the same for all cryptocurrency or just Bitcoin.</text></comment>