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Volatility is not a real big issue because we can quickly move bitcoin into USD. If a customer sends bitcoin and wants to cancel before the order is placed, the
by bitspend 15y ago
Volatility is not a real big issue because we can quickly move bitcoin into USD. If a customer sends bitcoin and wants to cancel before the order is placed, then there is no problem. We will just refund them. Customer always comes first.
- Steko 15y ago"Volatility is not a real big issue because we can quickly move bitcoin into USD." This is true today I guess. When everyone is trying to sell bitcoins it might not be so easy.
- quanticle 15y agoI wouldn't be so sure about that. The Bitcoin market is even less liquid than emerging market currencies. If there's a rush for the exit, there might not be enough buyers to allow a quick bitcoin->hard currency conversion.
- owenmarshall 15y ago>Volatility is not a real big issue because we can quickly move bitcoin into USD. ... thanks to speculation. If the market adjusts and people start heading for the exits, bitcoin will become highly illiquid.