News for hackers. Stuff that matters.

A comment on Bitcoin Plunges By Nearly $30 As Largest Market Suffers Outage. Parent comment

Re:Bitcoin Plunges By Nearly $30 As Largest Market Suffers O... by GhotiFish on Wednesday April 03, 2013 @06:41PM (#5489756)
This is what I want to happen. I want to market to crash so I can join it. I want to use bitcoins in personal projects. I want to try it out shopping, see what can be made with it, play with the projects that have done something with it.

Just not for 150 bucks.

[ Parent | on HN ]
Re:Bitcoin Plunges By Nearly $30 As Largest Market Suffers O... by dangrossman on Wednesday April 03, 2013 @07:27PM (#5489981)
You can join the market with $1, or $10, or $20... nothing says you have to buy at least 1 BTC. If Bitcoin continues appreciating, it may be $1000 US per BTC next year. That won't stop people that only want to spend $5 from transacting in it; it's designed to be divisible. You can hold and spend a fraction of a bitcoin. We don't round transactions to the dollar even in USD.
[ Parent | on HN ]
Re:Bitcoin Plunges By Nearly $30 As Largest Market Suffers O... by GhotiFish on Wednesday April 03, 2013 @08:07PM (#5490125)
yes, but if I was gonna do that, I might as well tap bitcoin faucet or take a cruddy graphics card I have laying around and join a mining pool for a week.

I want to try buying things. No one's selling for 0.6 µBTC

[ Parent | on HN ]
Re:Bitcoin Plunges By Nearly $30 As Largest Market Suffers O... by consz on Wednesday April 03, 2013 @09:48PM (#5490478)
Yes they will, everyone selling actual goods in BTC sells at the USD equivalent, if you previously wanted to play with X dollars of whatever currency you use, you can still play with X dollars of whatever currency you use.
[ Parent | on HN ]