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How does the volatility of BTC make it desirable for merchants to accept it? Either they hold BTC and are exposed to the volatility, or they convert to a fiat c
by shimon 13y ago
How does the volatility of BTC make it desirable for merchants to accept it? Either they hold BTC and are exposed to the volatility, or they convert to a fiat currency and are exposed to some transaction fees.
Perhaps the transaction fees turn out to be lower than those for credit cards, in which case BitCoin maybe becomes an alternative payment network.
- fm8892 13y agoIts not the volatility they're after--they want to hold a deflationary currency (which, at the moment, happens to be volatile).
- furyofantares 13y agoAqueous was speaking about BTC right now, in this growth period. But BTC is currently inflationary.
- SectioAurea 13y agoGood point - the early "hockey stick" did in fact end recently with the first ever bearish 10/21 EMA crossover in the BTC/USD 12h timeframe.