Thanks for your answer.

It seems to me like the current lack of bitcoins as "stable money" would freak out some folks who would otherwise be more curious to experiment with accepting bitcoin as a form of payment, no?

A few questions:

o How do you generally see sellers who are selling goods/services react to the value fluctuations of Bitcoins? That is, are sellers regularly adjusting their Bitcoin prices to reflect the (recently) rapidly fluctuating price?

o Do people typically negotiate prices in US$ and then determine how much the transaction will be in BTC?

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