I have to assume that you are billed in US Dollars. Do you have to go thru an intermediary to convert BTC to USD? What kind of exchange rate applies? I know I can buy stuff in the US with Canadian dollars but I usually get raped with the exchange rate. Better for me to convert to US and pay USD direct to the vendor. I'm aware that there are a lot of vendors that accept BTC as payment but are there vendors that price their merchandise in BTC. I'm guessing not because of the fluctuation in value from day to dy.
yea, that's about right. It also went up by same amount Is that a lot for a 24 hour move? A purchase takes less than 1 minute to lock in all the prices
You assume wrong. I'm no longer in the US Anyway, when I pay, the wallet shows bitcoin and the fiat price You need to try it in order to understand it's not a big deal. Put fucking $100 and spend it A $10 purchase with a 3% 24 hour price change in bitcoin is only 30 US cents. 30 fucking cents for 24 hours on that $10 purchase and you are losing your mind Most days bitcoin doesn't move that much
What did you do, move to El Salvador? Are your Tradingview and express VPN subscriptions billed in BTC or fiat? Bitcoin moves about 2.5% per day. At least thats what the Average True Range (14) shows on my charts. Now 3% on a 10 dollar purchase doesn't sound like much but when you apply it to your total BTC holdings it adds up.
The problem with you guys is that you have utterly different motivations why you hype cryptos, motivations you shy away from openly admitting. You guys are gamblers and need your drug of choice legalized. Could not agree more LOL
You compare apples with oranges. If you single out bitcoin then I can name you dozens of stocks that performed better than bitcoin, 1y or YTD. If you speak of the entire crypto space then other asset classes performed way better than the entire crypto space 1y ago and YTD. Take your pick.
There was always a reason why a currency lost value. The British pound greatly lost in value, namely because the British empire turned into a failed state that even exited the EU and now begs to be let in again. Has nothing to do with the fiat financial system whatsoever. In fact, the devaluation ensured that the currency was priced correctly, purely based on demand and supply. Same with the US dollar, the reason so much is printed is because so much is demanded. The abuse by politians to finance their ridiculous spending programs has zero bearing on the validity of the fiat monetary system.
Haha, thank you but no. If you can't explain in simple terms how your pyramid scheme works, nobody in their right mind put 100 bucks into it, I certainly won't. But I perfectly well understand that you wish for nothing more than 4 billion people on earth each putting 100 bucks into your pipe dream to just "try things out". That would just confirm your pyramid scheme. An asset class with zero backing nor intrinsic value going to the moon just because of rampant speculation and fomo.
And a 800k house purchase would expose the buyer and seller to about 32,000 dollar risk throughout a single day. At least be honest and stop using your 10 buck candy examples to minimize the exposure risk.