Comment Re: Fiat Currency (Score 1) 692
And it is not all due to trust (or not) and maturity, so that bitcoin will eventually achieve the same. Major traditional currencies are so stable because there is major active intervention to stabilize them (among other things against the effects of attempted speculation), from national banks and monetary policies. Bitcoins don't have this, so won't be as stable. It will be much more speculative than traditional currencies, and more similar to having your savings in speculative stocks.
If you are thinking on the order of a year or two, I'd have to agree with you.
It will be interesting to see where Bitcoins will be in a hundred years, and in what state the U.S. Dollar and the Euro are going to be like in the same time frame.
What happens in 100 years is very theoretical. What happens this year and next with my money isn't. This was exactly my point. People need to understand the extreme short term risk involved, and not underplay that even if we like the concept.