Post
Topic
Board Exchanges
Re: bitfloor issues?
by
NargoMargo
on 12/08/2013, 01:21:00 UTC
Everywhere does not accept bitcoin. Therefore it is not true currency. It is pseudo currency. Cash is king. There is very few places in the US that would REQUIRE any other sort of other payment. They may ACCEPT BTC or whatever but they only want BTC because they believe it is of a true value. Which it is not, it is worth whatever the market claims it is worth. 1 Dollar is worth 1 Dollar at every store. 1 BTC is worth XXXX dollars and fluctuates. This isnt a question. You can invest $500 dollars in chicken nuggets, but in the end you have chicken nuggets that are only worth whatever someone claims they are worth, whereas your $500 is worth $500, period. And the whole "well US dollars are actually worth less on the market due to this and this and this", that is for the businessmen and internationals to speak of. But for any Civilian, it is $1 is worth $1 everywhere within the country.