|
Title: Turbulent bitcoin value/market question Post by: bobblahblah on March 30, 2013, 05:38:28 AM Hi gang!
Questions for all you knowledgable about the bitcoin market: So, around a month ago I was going to buy a few hundred U.S.$ in BTC, but there were so many hoops to jump through to try and do it in the evening in one's free time (e.g. Dwolla -> Mt. Gox), between verifying accounts, moving money, waiting for money to move, showing ID... it just took forever to get set up, and I went away for a few weeks in the meantime. I'm kicking myself because when I'd looked a month ago, 1BTC was ~$27 (I actually still have an open Mt.Gox bid at that price :-\) and, well, now they're not. Here are my questions: o How do you generally see people who are selling goods/services react to the value fluctuations of Bitcoins? That is, are sellers regularly adjusting their Bitcoin prices to reflect the fluctuating dollar price? o Do people typically negotiate prices in US$ and then determine how much the transaction should be in BTC? o While I appreciate no one here is a soothsayer, should I buy now that my account setup is complete, or do you think I should wait until this whole European uncertainty bubble figures out which way it's headed? I just don't know enough about the market to make an educated guess and would love to hear some opinions. To everyone who has had a huge stash of BTC on hand through this (or better, held on through the $4/BTC price), congrats on the happy dance you must be doing! *edit: I accidentally a word |