In hindsight, Faux argued, bitcoin seems to have been intrinsically designed to encourage speculation, noting how the market has routinely
seen wild fluctuations in value in connection to events such as the closures of online black market Silk Road and early bitcoin exchange Mt Gox.
The reason I was mentioning the Medieval Warm Period and the Little Ice Age (if they even existed) as important to me was that we have
seen some wild fluctuations in the earth's temperature in those periods while the CO2 atmospheric concentrations was a «constant».
Not exact matches
You can
see how
wild the
fluctuations are.
Here's a graph covering few months of the relative value of bitcoins against US dollars; as you can
see, there have been
wild fluctuations in the value over the past two months.
The
wild fluctuations of the 5 and 10 year trends can be clearly
seen, as can the relative stability of the 20 - year trend (and the simple decade over decade measure, dubbed «10 - yr - diff»).
When we talk about «proof» we're not talking about smoke and mirrors «modelling» based on long - term average wind farm output — which ignores the extra gas and coal being burnt (and wasted) in order to balance the grid to account for
wild fluctuations in wind power output (
see our post here); and to maintain additional «spinning reserve» (
see our post here) to account for complete collapses in wind power output — as
seen in this post.
The volatility of cryptocurrencies makes them a risky investment, as evidenced by the
wild price
fluctuations that investors have been
seeing recently.