Bitcoin surges to all-time high above $1,700
Currency isn't SUPPOSED to be this volatile.Currency is NOT supposed to be an investment mechanism in and of itself.If I buy a loaf of bread for $1 now, I should be able to buy a loaf of bread for $1, 10 years from now.Currency inflation is BAD, and so is currency deflation.Stability is GOOD.The fact that bitcoin's value keeps skyrocketing proves that it is a speculative currency which is too volatile for use. The only way I would trust bitcoin for anything would be for short-term holding to transfer value from point a to b, and then convert it back into a stable currency.The only way I would invest in Bitcoin is if I was totally okay with potentially losing every penny I invested. It could literally drop to zero tomorrow if something happened to it (like a major country making it illegal, for example).