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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 dro

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
        If you have money coming in and out, does it really make a difference? Some people make a lot of assumptions, but I bet none of those people ever tried Bitcoin.
        rnovak 11y ago
        I'm confused: > 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 understand, but is the volatility really a problem as some people think it is? You seem to be contradicting your own idea. Yes, volatility is a problem. Why? Because your rent, utilities, and other living expense aren't based on the same volatility. The "money going out" has the potential to be valued very differently than the "money coming in". Do you really want to be evicted because the money you were paid was valued differently than your rent? Completely possible with BTC. Fiat currencies work because a large collection of people around you agree on & depend on their value. If my landlord disagreed about the value of a dollar, my getting paid in dollars would be just as useless as getting paid in BTC. For a fiat currency to be worthless to everyone around you it would requires a failure of Government, or some other very large catastrophe. At that point, paying rent is the least of your problems. Edit: and to reflect your edit, yes, I have tried BTC. I made a not-unsubstantial amount of money by essentially gambling with it's value. But had my timing been even slightly different, I would have lost money instead, and a lot of it. I bought it when it was priced around 50 dollars, and sold when it got to 680 dollars a while back. But what if had been the other way around? Edit2: If you change it out immediately after getting paid, the risk is lower (you'd basically be operating like many Payment Processors who process transactions in different currencies). That would also eliminate any possible benefit, as it's being used purely as a transfer currency.

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
        If you have money coming in and out, does it really make a difference? Some people make a lot of assumptions, but I bet none of those people ever tried Bitcoin.
        rnovak 11y ago
        I'm confused: > 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 understand, but is the volatility really a problem as some people think it is? You seem to be contradicting your own idea. Yes, volatility is a problem. Why? Because your rent, utilities, and other living expense aren't based on the same volatility. The "money going out" has the potential to be valued very differently than the "money coming in". Do you really want to be evicted because the money you were paid was valued differently than your rent? Completely possible with BTC. Fiat currencies work because a large collection of people around you agree on & depend on their value. If my landlord disagreed about the value of a dollar, my getting paid in dollars would be just as useless as getting paid in BTC. For a fiat currency to be worthless to everyone around you it would requires a failure of Government, or some other very large catastrophe. At that point, paying rent is the least of your problems. Edit: and to reflect your edit, yes, I have tried BTC. I made a not-unsubstantial amount of money by essentially gambling with it's value. But had my timing been even slightly different, I would have lost money instead, and a lot of it. I bought it when it was priced around 50 dollars, and sold when it got to 680 dollars a while back. But what if had been the other way around? Edit2: If you change it out immediately after getting paid, the risk is lower (you'd basically be operating like many Payment Processors who process transactions in different currencies). That would also eliminate any possible benefit, as it's being used purely as a transfer currency.