Comment on Baidu now accepts BitcoinparentComments−aqme2812yHow are those last two things necessarily different from any volatile currency?−yeukhon12yBecause going from $150 to $100, or $100 to $150 is a $50 USD difference? Whereas USD to RMB is a few cents difference.−mikeash12yOnly percentages matter, not absolute values. It's hard to find a currency that fluctuates 50% relative to USD, but it's not completely unheard of either.
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How are those last two things necessarily different from any volatile currency?
Because going from $150 to $100, or $100 to $150 is a $50 USD difference? Whereas USD to RMB is a few cents difference.
Only percentages matter, not absolute values. It's hard to find a currency that fluctuates 50% relative to USD, but it's not completely unheard of either.