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If you're stating the $ amount and not BTC though, it might be worth $70m by the time you purchase the BTC and your receiver sells them... or $200m, who knows

by shmatt 5y ago

If you're stating the $ amount and not BTC though, it might be worth $70m by the time you purchase the BTC and your receiver sells them... or $200m, who knows 1 BTC = 1 BTC still true though

vmception 5y ago
if I ever purchased bitcoin specifically to send it to someone else, it would happen so fast that extreme market volatility is so improbable that the user experience isn't different than any other form of payment These are 24/7 markets, so even extreme market volatility happens over 3 trading sessions compared to something like equities, making any single 1-20 minute time period not volatile at all Many people also already own bitcoin, which is a major contributing reason as to why the price is what it is, they dont have to go buy bitcoin when they get ready to send it. They dont have to wait for exchanges to accept their dollars, they dont have to wait for exchanges to process a withdrawal, and they can also move unlimited amounts. Even as a facetious joke, there are better ones