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Bitcoin is volatile. That's the main issue. You can't say that about the dollar or euro. Now imagine you get paid in bitcoin, save every month for a holiday or
by thefounder 7y ago
Bitcoin is volatile. That's the main issue. You can't say that about the dollar or euro.
Now imagine you get paid in bitcoin, save every month for a holiday or a high value purchase. When the time comes to make the purchase you find out that your savings are worth less than 10%. How does it feel using bitcoin?
I tried to use bitcoin(as a merchant) but due its volatility it makes no sense to use it(as merchant or buyer).
- Lordarminius 7y agoIts volatile because it is relatively new and not backed by a government. Market forces are having their way.It will stabilize