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That fixes an individual's volatility problem but it doesn't fix the problem: there is some limit to how much volatility those places can absorb for some small
by anologwintermut 14y ago
That fixes an individual's volatility problem but it doesn't fix the problem: there is some limit to how much volatility those places can absorb for some small percentage.
- tlrobinson 14y agoThey said they were fine last week, and I'm not sure it gets much more volatile than that: http://www.reddit.com/r/Bitcoin/comments/1ccbet/ama_request_the_bitpay_team/c9f6dva http://www.reddit.com/r/Bitcoin/comments/1ccbet/ama_request_...
- anologwintermut 14y agoThat say's the handled Mt. Gox going down, but not that they handled the volatility . I'd imagine they took some large loss moving as the price fell. Now thats the risk with that service and I'd imagine they have enough cash on hand to cover it. But if it happens too many times, i'd imagine they are screwed.