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Author Topic: I wish we had a price stabilized version of Bitcoin  (Read 554 times)
sayulita
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June 14, 2013, 02:37:22 AM
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I know this may not be what an "investor" wants to hear, but one of the main things which scares away widespread adoption of bitcoin is its volatility. It has been a great investment....no two ways about it from an investor's standpoint over the last few years. Yet, the wild fluctuations in value just spooks people from using it in the real world.

I wish we could somehow have a second version of bitcoin which held a stabilized value. Today for example it dropped almost 10% in a matter of minutes...that kind swing just makes it hard for joe blow retailer to start accepting it.

IMHO

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June 14, 2013, 04:12:16 AM
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If a retailer uses Bitpay they don't need to worry about price swings and can get paid in the currency which pays their bills. Problem solved.
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June 14, 2013, 06:18:46 AM
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I wish we could somehow have a second version of bitcoin which held a stabilized value. Today for example it dropped almost 10% in a matter of minutes...that kind swing just makes it hard for joe blow retailer to start accepting it.

Jav is on it!

 - https://www.bridgewalkerapp.com

Bridgewalker now in public beta: wallet with a twist - transact in BTC, hold USD
 - http://bitcointalk.org/index.php?topic=156943.0
 - http://bitcointalk.org/index.php?topic=228535.0

Unichange.me

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