Satoshi said that:



He knows that the price will be volatile at the beggining.

Anything is "volatile" if there is no State intervention, and that's the way it should be. Even gold fluctuates, but after extraction diminished and market availability lowered it became less and a less fluctuating but it still is.

If something never changes price you have a big problem, something is artificially withholding it creating a distortion which someday will burst. Re educate, things must have price that changes, that means freedom and healthy market, competition will naturally normalize things, and "normal" means price can change. You are the buyer and have the power to decide to buy it or not.

Value is subjective, changes in location and time. There is no intrinsic or extrinsic value, the power is in the buyer not the worker (Goodbye Marxism). Vote with your wallet, what you buy creates information which directly affects the future. Market price is nothing more than the result of a permanent election, direct democracy = free market.

simple economics
if back in the olden days someone in the middle east can CPU mine for $0.004/kwh and someone in hawaii can mine for $0.40/kwh then there would be a economic speculation of cost window range of 100x across the planet. and with bitcoin being an international currency where different countries become aware and utilise bitcoin at different times. then yes obvious economics shows that volatility/speculation change is standard for a international currency based on an electric cost of production.

then add in factors like the hash competition of more miners joining raising the cost. and then difficulty. and then eventually halving of rewards. then it all adds up to a volatile market

bitcoin was not meant to be a stable fiat replacement for one nation with no price change. it was meant to change and grow with utility and speculate above base costs of production

That's the first thing I know of that solves the complexity with the involvement of third parties so with the existence of bitcoin created by satoshi with bitcoin is for someone who is happy with P2P everyone is free with it without other intermediaries.

But who would have thought that this was more above satoshi's expectations maybe so, how this bitcoin growth rapidly for more than a decade, people began to invest even with several other large institutions that could generate considerable profits even though the price still fluctuated, We are happy and we have also benefited more in bitcoin.

The real question is: what difference would that have made if he knew that? Could he have designed bitcoin in a different way to prevent volatility? The answer is no, it would not have made any difference and the design would have been the same. So knowing or not knowing it is not important.

Besides, I personally believe that this volatile price is just a phase. It may last another 5 to 10 years to reach mass adoption and stability but stable value (not price) is going to be the final result after mass adoption. After all Bitcoin is still pretty young and in its initial phase.

This fine detail from Satoshi hits different, knowing too well that is what's actual happening atm!!

Btw at the moment markets aren't as active because many bought at a premium price and forced to hodl as price is in red on their books not until price climbs back up for them to break even or go for the profits..and this will only happen with new players to buy the cheap coins.

With supply and demand at the center of everything, he definitely knew bitcoin would be volatile based on selling and buying that will always tilt the swing here and there and not forgetting bitcoin isn't pegged to anything will always have the characteristic of volatility written all over it.

He developed this technology with a similar concept of how "Gold" are used. People can use "Gold" as a payment option and they have done this in the old days... or they can trade with it or they can use it as a commodity.

The thing with Gold id the weight ...and it became impossible to use it as a currency.. because nobody wants to walk around with heavy Gold to make payments. (They then linked promises on a piece of paper that are honored by a government that the paper were linked to Gold.... but that also did not work out) 

Satoshi knew that Bitcoin would evolve ... and he designed it for that purpose. 

The only accomplishment i see with Satoshi Nakamoto is in the successful launch of bitcoin and how he found out that everything works perfectly as he has planned, people can have other alternative means of making payments using a different technology and remain decentralized, though he may and may not have thought about these occurence so fast to where bitcoin is today, but he believes it's a digital currency everyone will love to adopt.


Bitcoin was intended as a currency and you're not expected to buy or sell currency, you can only exchange for it or earn it just as you earn fiat and you don't buy it.

The fact that Bitcoin is volatile is an indication that it is decentralized, as there is no central bank that pumps liquidity to maintain a stable exchange rate or establishes policies that encourage people to save, as the Federal Reserve does. Therefore, everyone, even Satoshi, knows that Bitcoin during the first years will be very volatile, but over time it will become more stable and volatile. Within the limits of 30%, which we can say is similar to the stock market.
The behavior of individuals to buy Bitcoin to save will be matched by the intention of others not to spend it. For example, I do not plan to sell some Bitcoin during the next 10 years, and therefore you will find that many will sell about 1% to 50% in the next two years in exchange for the thousands who will buy, and vice versa.