Topic: This currency is too volatile! - page 2. (Read 2761 times)
I also forgot DXY was another abbreviation for Bitcoin.
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time? 
If you are going to hold BTC for any period, make sure it is based on a belief in the long term value of BTC as a currency that allows you to send any amount to anyone anywhere in the world in about 10 minutes.
You can't put money in BTC today and then go off spending like a drunken sailor, unless you like losing money.
Wait if you do not need the cash now. You have to look at the big picture over time.
BTC is still very young, just be patient.
Wait if you do not need the cash now. You have to look at the big picture over time.
BTC is still very young, just be patient.
If you had bought back in mid July, you would've lost 5% by august!
http://www.marketwatch.com/investing/index/dxy
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time?
http://www.marketwatch.com/investing/index/dxy
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time?
If you bought one year ago you earned 1,200%
Losing 5% in one month is nothing!
If we talk about March-April I agree, that's quite extreme!
Er... volatility was less in March-April no? Are you talking about a stock?
No, BTC of course!
If we talk about March-April I agree, that's quite extreme!
Er... volatility was less in March-April no? Are you talking about a stock?
Pssh. That's nothing. I was considering emigrating to South Africa. Then I saw the historical exchange rate on the Rand. Yikes.
ETA: For anyone interested, I decided my best bet would probably be to dance across the Korean DMZ with a boombox to get an audience with Jong-un so I could publicly defect in exchange for a free room in one of those luxurious and perpetually-empty diplomat hotels.
ETA: For anyone interested, I decided my best bet would probably be to dance across the Korean DMZ with a boombox to get an audience with Jong-un so I could publicly defect in exchange for a free room in one of those luxurious and perpetually-empty diplomat hotels.
If you had bought back in mid July, you would've lost 5% by august!
http://www.marketwatch.com/investing/index/dxy
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time?
http://www.marketwatch.com/investing/index/dxy
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time?
Do you think the stock exchange does any better? In the same period of time I've frequently seen shares losing or rising 10, 20 or even 30%.. 5% is not that bad, some shares can loose that in a few hours. If we talk about March-April I agree, that's quite extreme!
Did you know that some people actually have the bulk of their pension in this currency! I kid you not.
I don't even know, man. After all the Ponzi schemes, I think it's pretty clear this currency is a scam. 
If you had bought back in mid July, you would've lost 5% by august!
http://www.marketwatch.com/investing/index/dxy
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time?
http://www.marketwatch.com/investing/index/dxy
How the hell does anyone use it or know how to price things in it?! Why do people trust it when it's value can plummet like that at any time?
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