Quote from: Xester on December 23, 2016, 01:52:07 PM

Quote from: moonty on December 23, 2016, 01:28:58 PM

Rate of Bitcoins is fluctuating. Can anyone say why? Maybe but think of it.. If we received 1BTC for freelancing. While price increases... Our 779 USD payment for the freelancing is now 9xx USD. Where is our profits coming from since BTC is a currency we can use? BTCBTCBTCBTCBTC

Bitcoin is backed up by dollar. The price of bitcoin is being dictated by the movement in the market. So if you ask where is our profit coming its from the people who buy bitcoins using dollars. If nobody buys bitcoin then its value is useless. The reason why bitcoin is accepted as a currency because you can exchange it to dollars. Your profit only comes in when you exchange your bitcoin to a much higher price compared to the day you hold it.

WTF, that there sounds likka some crackhead shit. Bitcoin ain't backed by no dollar, no Yen, no Peso, nothin'. Da price flips & flops jist because stuff'll do that when people is tradin' it. An' YEH, bitcoin shot up thru the roof, out da chimney, and it'sa on it's way to MF MOON. Thissa here price we at is jist a temp setback. We gots people who bot low and is now sellin' high as a kite.

Y'all have a happpy holidays an' a great new year!