Bogart mainly thought with fiat - [Pounds, Shillings and Pence](https://wikiless.org/wiki/%C2%A3sd?lang=en) - you know, LSD

Great movie. Of course volatility has to be measured by percentage moves, not actual fiat value moves. 

siggy47

Maybe I'm thinking far beyond my lifetime, but this is how I see it (it's not my hypothesis, but I can only find an obscure source)

If the price drops $5,000 today - sure, all hell breaks loose.

However, if it drops $5,000 when it's 20x what it is today - a $5,000 drop still looks like calm water.

Now, that obscure source, BiTcOiN eCoNoMiSt Charlie Allnut - who was years ahead of his time

Now all that little choppin', them's shallas miss

It might make sense - if it doesn't, it might raise a smile at least
¯_ (ツ) _/¯

bitcoin

Cycles and inevitability

elvismercury

Maybe I'm thinking far beyond my lifetime, but this is how I see it (it's not my hypothesis, but I can only find an obscure source)

If the price drops $5,000 today - sure, all hell breaks loose.

However, if it drops $5,000 when it's 20x what it is today - a $5,000 drop still looks like calm water.

Now, that obscure source, BiTcOiN eCoNoMiSt Charlie Allnut - who was years ahead of his time[^1].

> Now all that little choppin', them's shallas miss

[^1]: Bogart to Hepburn charting the water in _The African Queen_ (1951)

It might make sense - if it doesn't, it might raise a smile at least
¯\_ (ツ) _/¯ 