Topic: Why a Stable BTC Price is Good - page 2. (Read 2243 times)
I do not think that it has "settled", but I believe that volatility will be lower in the future than it was so far.
Another thing.
When I tell folks who are new to bitcoins what it's all about, it's so nice to be able to say that the value has settled this last month into the $3 range.
When I tell folks who are new to bitcoins what it's all about, it's so nice to be able to say that the value has settled this last month into the $3 range.
Here is a real-world example of why I like a stable bitcoin price:
The other day I was researching web sites that have online sports-betting, cause I like to bet on NFL Football. For these regular sports-book web sites, it's a real pain to sign up and get funds and they charge you outrageous fees to withdraw money.
But lo and behold, there is now a bitcoin sports book, btcsportsbet.com. Last week it only took me 10 minutes to get setup with them, when I sent my BTC over from my trading account, and I placed bets on last Sundays games. It's anonymous, there are virtually no fees to speak of, and it's instantaneous.
Now having the BTC price stable in the $3 range makes it worthwhile for me to sports-bet; but if the price is very volatile, I can't rely on that currency while I'm sports-betting. I would imagine most merchants would want a stable BTC currency before adopting it.
Your thoughts?
The other day I was researching web sites that have online sports-betting, cause I like to bet on NFL Football. For these regular sports-book web sites, it's a real pain to sign up and get funds and they charge you outrageous fees to withdraw money.
But lo and behold, there is now a bitcoin sports book, btcsportsbet.com. Last week it only took me 10 minutes to get setup with them, when I sent my BTC over from my trading account, and I placed bets on last Sundays games. It's anonymous, there are virtually no fees to speak of, and it's instantaneous.
Now having the BTC price stable in the $3 range makes it worthwhile for me to sports-bet; but if the price is very volatile, I can't rely on that currency while I'm sports-betting. I would imagine most merchants would want a stable BTC currency before adopting it.
Your thoughts?
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