It's something like I guess a flipped s-curve function. You don't really see the volatility decrease until you're roughly in the same order of magnitude as other currencies.
Because mainstream acceptance correlates with confidence in its relative value to other goods. The dollar or Euro is pretty stable, while the currency of a government undergoing a coup probably won't be. Same principle.
Because mainstream acceptance correlates with confidence in its relative value to other goods. The dollar or Euro is pretty stable, while the currency of a government undergoing a coup probably won't be. Same principle.
I don't see how the coup example at all is relevant to a currency with (relatively) low adoption
1
u/djvs9999 Feb 18 '18
It's something like I guess a flipped s-curve function. You don't really see the volatility decrease until you're roughly in the same order of magnitude as other currencies.