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Board Beginners & Help
Re: BitCoin is NOT a Currency
by
naphto
on 04/07/2013, 08:55:54 UTC
BitCoin is NOT a currency. Any business is rolling the dice accepting BitCoin with how volatile the price is. With how rapid the price swings (mostly down), no logical business would/should accept BitCoin. No different than gambling. To my knowledge my dollar last week is still a dollar today, not true with BitCoin, you would have taken a hefty loss this week only!

To my knowledge, my bitcoin last week is still a bitcoin today, so GTFO.



One dollar has still the same approximate value. With 1.30 usd you could buy 1 euro.
But between now and 3 months earlier, the value of bitcoins changed a lot