Topic: Brazilian Real now more volatile than Bitcoin - page 2. (Read 2697 times)
Now i think we are near the point where bitcoin will become stable liked usd/other currencies pair. This will ultimately increase people trust on bitcoin.
maybe all those things will bring them the earlier adoption of bitcoin rather than any other country in this world, i mean that maybe all those things can bring them "good things"
just look at this map to see how many stores that accept bitcoins have brazil and how are growing, look here http://www.foxbit.com.br/mapa/
or just this thread https://bitcointalksearch.org/topic/m.11736536 (Brazil has more than 150 stores that accept bitcoin)
agree, but who know, as i said, maybe this can only bring better "things", who know
just look at this map to see how many stores that accept bitcoins have brazil and how are growing, look here http://www.foxbit.com.br/mapa/
or just this thread https://bitcointalksearch.org/topic/m.11736536 (Brazil has more than 150 stores that accept bitcoin)
This is very scary when you think about it closely.
agree, but who know, as i said, maybe this can only bring better "things", who know
Yes I hope so! That's why we are here anyways, to try and change something for the better! To change something with this amazing technology that Satoshi left us!
maybe all those things will bring them the earlier adoption of bitcoin rather than any other country in this world, i mean that maybe all those things can bring them "good things"
just look at this map to see how many stores that accept bitcoins have brazil and how are growing, look here http://www.foxbit.com.br/mapa/
or just this thread https://bitcointalksearch.org/topic/m.11736536 (Brazil has more than 150 stores that accept bitcoin)
agree, but who know, as i said, maybe this can only bring better "things", who know
just look at this map to see how many stores that accept bitcoins have brazil and how are growing, look here http://www.foxbit.com.br/mapa/
or just this thread https://bitcointalksearch.org/topic/m.11736536 (Brazil has more than 150 stores that accept bitcoin)
This is very scary when you think about it closely.
agree, but who know, as i said, maybe this can only bring better "things", who know
This is very scary when you think about it closely. Your life turns into a never-ending thinking game, should I buy, should I buy not and also should I receive the money or not for a good or service.
It's amazing what's going on in the world to the certain countries and certain currencies. Greece, Cyprus, Puerto Rico, Russia with its Ruble, Venezuela, Chinese stock market crash, even Australian Dollar that lost amazing amount of value lately and now Brazil. And all of this in just a couple of years!
I am afraid that the future brings us many more problems like this and that this is just a beginning.
P.S. Let's not forget Euro also with its historical drop this year!
It's amazing what's going on in the world to the certain countries and certain currencies. Greece, Cyprus, Puerto Rico, Russia with its Ruble, Venezuela, Chinese stock market crash, even Australian Dollar that lost amazing amount of value lately and now Brazil. And all of this in just a couple of years!
I am afraid that the future brings us many more problems like this and that this is just a beginning.
P.S. Let's not forget Euro also with its historical drop this year!
All over Brazil people have stopped using Reals because the price is too volatile.
"What if I buy something and the price goes up" said one resident.
"I'll just wait to buy some Reals when it's not so volatile" said another.
Some stores are hesitant to accept Brazilian Reals in their stores
"It could also cause suspicion between residents if one resident gets a good discount for making a purchase at the right time."
Others are concerned that they
"...will need to regularly adjust the prices according to the market..."
Goldman Sachs has released a report stating that the Brazilian Real cannot work as a currency because the Brazilian Real is just too volatile. They also noted "For businesses today it is not yet feasible to hold Brazil Real given its volatility, and so merchants must convert into other fiat currencies immediately (and incur commission charge)"
Some investors have opted to just buy Brazilian Real and "hodl" in the hopes that the price skyrockets.
"What if I buy something and the price goes up" said one resident.
"I'll just wait to buy some Reals when it's not so volatile" said another.
Some stores are hesitant to accept Brazilian Reals in their stores
"It could also cause suspicion between residents if one resident gets a good discount for making a purchase at the right time."
Others are concerned that they
"...will need to regularly adjust the prices according to the market..."
Goldman Sachs has released a report stating that the Brazilian Real cannot work as a currency because the Brazilian Real is just too volatile. They also noted "For businesses today it is not yet feasible to hold Brazil Real given its volatility, and so merchants must convert into other fiat currencies immediately (and incur commission charge)"
Some investors have opted to just buy Brazilian Real and "hodl" in the hopes that the price skyrockets.
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