Quote from: johnyj on April 16, 2013, 03:53:38 AM

Quote from: hominin on April 16, 2013, 03:47:30 AM

Quote from: johnyj on April 13, 2013, 08:44:11 PM

Quote from: Impaler on April 13, 2013, 06:42:52 AM

Catch-22

BTC is too volatiles to use for commerce so it has no exchange value.
BTC's store-of-value is based on its ability to be exchanged, it only has store-of-exchange-value
If it has not exchange value then it has no store or value.

Normally you can't have both. USD can not work as a store of value since it inflates continously, but it works as a medium of exchange. Gold do not work as a medium of exchange but they hold value

I'm with Impaler on this; What is happening right now is; buyer purchases some BTC for a transaction, by the time the transaction occurs, his bitcoins drop in value so he can't afford what he was planning to get so buys less goods and services. the seller (of goods and services) gets his BTC but by the time he converts to $, BTC has lost value so he's not getting as much for his product. How long do you think that can continue before people stop buying and selling goods and services with BTC?? And when they do, how do you hold the exchange value of a currency that you can't buy or sell anything with?!

Some time price is rising, you win, some time price is dropping, you lose, it evens out long term

wow i am amazed how blind investor mentality is! btw, that is not just towards you, there seems to be a lot of that blind mentality around; consumers and suppliers of goods and services are not concerned about the long term value of currency! what matters for that use, $->btc-> goods and services->btc->$, is that for successful trading (of goods and services), the $ at each end has to roughly match! y, sometimes, someone (with the volatility, rarely both) in that transaction will benefit but that is not much security for people whose only interest is $1=$1 within the lifecycle of the transaction. sure, this might not be applicable for all traders (of goods and services) but it represents a downhill direction where less and less people are using btc for exchange of goods and services. my question remains unanswered "how do you hold the exchange value of a currency that you can't buy or sell anything with?!"