79% of what? The high bitcoin price $1,200 to $250 = 79% decrease
That's the price decrease, not company's loss.
Trent Russell already answered that but you ignored it.
I didn't declare them insolvent, I just don't trust any company offering a guaranteed BTC to $ return especially when you read the TOS.
No one asks you to trust them. Again, if you're concerned about their model you should ask them to clarify in the first place. Did you bother to do it?
I had a roommate from Panama that said that for enough $$$$ you could essentially do what ever you wanted as long as the right people were paid off.
That could be applied to any country, the definition of "enough $$$$" will vary tho.
Still, Panama being corrupted doesn't mean every business registered there is automatically a fraud.
Now back to my original problem with bitcoin volatility.
To be widely accepted, bitcoin needs to settle down. People want their currency value to remain fairly stable, not fluctuate wildly like a commodity stock. Imagine if your paycheck was paid only in bitcoins and you would gain or loose 35% of it's value week to week. Currently you still have to convert to fiat $ to pay bills. Would your utility company, landlord or mortgage company deal with +/- 35% weekly value fluctuations? Would you be able to pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(
Price averaging. Your kids will eat in " -35% week" if you saved a surplus from "+35% week".
Volatility is inevitable in the early stages. What do you suggest? Pegging it to USD?