Re:Bitcoin surges to all-time high above $1,700
by s73ver on Tuesday May 09, 2017 @07:32PM
(#14304773)
Suppose I get paid in BTC, and have a landlord that accepts BTC in rent. Let's say my rent is $2000/month. I get paid X amount of BTC a month for my job. If the price of BTC drops below where my X Bitcoin is not enough to pay my rent, that illustrates volatility being a bad thing.
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Re:Bitcoin surges to all-time high above $1,700
by wolco on Tuesday May 09, 2017 @09:10PM
(#14305198)
When you sell the coin for cash you know exactly the amount you will have. Bitcoin needs a stable secondary currency or an exchange that will process the transaction immediately but sent payment at a later date.