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I would definitely not. For many reasons, but the volatility alone is enough to put me off of it. Losing a months income to a flash crash? Not only that, but

I would definitely not. For many reasons, but the volatility alone is enough to put me off of it. Losing a months income to a flash crash? Not only that, but I'd have to convert it to fiat anyway to pay for 99% of the things I spend my salary on. With the fees involved in the exchange and fluctuations, I'd end up with less money in the end most likely. Bitcoin is a fun toy, and spending some of my disposable income on it sounds ok. But my whole salary? not on my life. I sincerely hope there is no one around that is so blindly invested in the idea of Bitcoin they are converting their whole salary to Bitcoin.

grover_hartmann 11y ago
Bitcoin is not a toy, it's a very useful tool for transferring value across borders and very good at that, especially when banks and companies such as Western Union impose unreasonable fees on their users. Also, Bitcoin is not as volatile as it was once anymore, have you checked the price in the last few months? It has stayed around 200-300-ish USD. It's fine if you don't want to use Bitcoin, but please stop spreading FUD.
- MarkCole 11y ago
  I have looked at the price lately. In fact using the Coindesk chart[0], over the last 3 months it has swung between 200 and 300 USD you are correct. But a drop from 300 to 200 USD is still volatile as hell. It means that my Salary could lose one third of it's value in the space of a month. The one year chart is worse. Of course it could swing the other way too, but I like a little more safety in my income. As for it not being a toy, that's a matter of how we each use it. You use it as a more serious financial instrument evidently. Personally I prefer services such as TransferWise, for reducing those bank fees, but if that's how you use Bitcoin then good for you! [0] http://www.coindesk.com/price/ http://www.coindesk.com/price/
  - grover_hartmann 11y ago
    3 months? More like since Mt.Gox went out of business in 2013 or so.
    - irl_zebra 11y ago
      Literally in the link he posted, if you look at the 3 month pricing chart, the low point is $209 and the high point is $309. This isn't speculation or guessing, those are some pretty huge swings in such a short amount of time the data quantitatively shows. I wouldn't want my salary to have that kind of volatility.
      - grover_hartmann 11y ago
        It's really disappointing everyone focuses on the volatility yet everyone dismisses the advantages of Bitcoin.
        rnovak 11y ago
        It's disappointing that people want to make a consistent amount of money? Yeah....that's just stupid </sarcasm>
        grover_hartmann 11y ago
        I'm not saying it's stupid to prefer a stable currency, I'm all for price stability and making a consistent amount of money. I'm saying it's disappointing everyone focuses on volatility, yet everyone dismisses the other advantages of Bitcoin.
        rnovak 11y ago
        They're not saying that. They're saying that those advantages don't directly apply to them, but volatility does. They aren't dismissing it, just saying that for them the disadvantages far outweigh the advantages, which is perfectly acceptable.
- grover_hartmann 11y ago
  Downvoting me for making a comment about Bitcoin, just goes to show how close minded some people are on Hacker News.

grover_hartmann 11y ago

Bitcoin is not a toy, it's a very useful tool for transferring value across borders and very good at that, especially when banks and companies such as Western Union impose unreasonable fees on their users. Also, Bitcoin is not as volatile as it was once anymore, have you checked the price in the last few months? It has stayed around 200-300-ish USD. It's fine if you don't want to use Bitcoin, but please stop spreading FUD.

MarkCole 11y ago
I have looked at the price lately. In fact using the Coindesk chart[0], over the last 3 months it has swung between 200 and 300 USD you are correct. But a drop from 300 to 200 USD is still volatile as hell. It means that my Salary could lose one third of it's value in the space of a month. The one year chart is worse. Of course it could swing the other way too, but I like a little more safety in my income. As for it not being a toy, that's a matter of how we each use it. You use it as a more serious financial instrument evidently. Personally I prefer services such as TransferWise, for reducing those bank fees, but if that's how you use Bitcoin then good for you! [0] http://www.coindesk.com/price/ http://www.coindesk.com/price/
- grover_hartmann 11y ago
  3 months? More like since Mt.Gox went out of business in 2013 or so.
  - irl_zebra 11y ago
    Literally in the link he posted, if you look at the 3 month pricing chart, the low point is $209 and the high point is $309. This isn't speculation or guessing, those are some pretty huge swings in such a short amount of time the data quantitatively shows. I wouldn't want my salary to have that kind of volatility.
    - grover_hartmann 11y ago
      It's really disappointing everyone focuses on the volatility yet everyone dismisses the advantages of Bitcoin.
      - rnovak 11y ago
        It's disappointing that people want to make a consistent amount of money? Yeah....that's just stupid </sarcasm>
        grover_hartmann 11y ago
        I'm not saying it's stupid to prefer a stable currency, I'm all for price stability and making a consistent amount of money. I'm saying it's disappointing everyone focuses on volatility, yet everyone dismisses the other advantages of Bitcoin.
        rnovak 11y ago
        They're not saying that. They're saying that those advantages don't directly apply to them, but volatility does. They aren't dismissing it, just saying that for them the disadvantages far outweigh the advantages, which is perfectly acceptable.
grover_hartmann 11y ago
Downvoting me for making a comment about Bitcoin, just goes to show how close minded some people are on Hacker News.