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Author Topic: Bitcoin too volatile for payment, but what is the problem ?  (Read 509 times)
royalparade01
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August 13, 2018, 01:55:35 PM
 #81

of course the volatility is one of the factors that have great influence inacceptability of the coin for making payment. and this is actually limiting some great merchant and ecommerce from accepting crypto for payment but however, It does not stop them also from making crypto as part of the payment. volatility has its pros as well the most important thing is how are the crypto recieved by merchant being managed. when i sell crypto for local exchange, they pay based on the price of the coin at the point they want to send my payment.



When Bitcoin is volatile i think you should invest more bitcoins because surely bitcoin price will increase again after a few months so profit will come for you this is one my strategy in holding altcoins.
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August 13, 2018, 02:34:51 PM
 #82

I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo

Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.

I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.

For currency of course we need a stable coin.  Can you imagine the price of your coffee changes before you even drink it?  Are you okay if the price of your ordered meal changes when you are going to pay?
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