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Bitcoin up 15+ percent in 1 day

48 点作者 PaperclipTaken大约 12 年前

8 条评论

qdog大约 12 年前
Not sure how you can accept Bitcoins as a payment form, unless you tie it expressly to another currency. With this much fluctuation, the only other option would be an auction.<p>I think this makes it likely speculation is the only driving force for the value of a bitcoin at the moment, which doesn't bode well for something that wants to be a currency.<p>Edit: To be clear, what I mean is that normally we sell things for say, $2 and rarely adjust the price (a few times a year is unusual, usually it isn't even that quickly). You would need to constantly adjust your selling price in Bitcoins, making it very hard to use as an actual currency when the perceived value goes up this quickly.<p>Gasoline is one of the few things we buy that fluctuates pretty rapidly, and when it fluctuates people that own gas stations are often squeezed, sure they have a tank of gas they bought for say $3/gallon, but they need to schedule the next tank at $3.25/gallon, so all the profit from the current tank of gas is going to the next fill up. And when the price of gas drops, if they can't sell their $3.25/gallon gas quickly enough, they take a loss. For small stations operating on thin margins, this can wreck a month of profits.
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ghshephard大约 12 年前
Now, whenever I buy something in Bitcoins, I always end up getting a refund after the vendor converts into local currency - which I then need to sell to get USD again.<p>I expect that when it comes back down at 15% a day, the opposite will occur, and I will have to add a bit more.<p>It's annoying - I don't really care whether 1 Bitcoin = $USD 1, $USD 10, $USD 100, $1000, or $USD 10,000 - that's completely immaterial to me - I just wish it wouldn't move around.<p>It is interesting how more vendors who, for whatever reason are no longer able to accept paypal or credit cards, are transitioning over to BitCoin. It's certainly going mainstream more quickly than I would have thought.<p>This constant volatility is nothing but bad news though.
josteink大约 12 年前
That a <i>whole currency</i> can have fluctautions as big as this one in such a short time-span shows that it's still a very small currency, and that it doesn't take much manipulation, supply or demand to significantly impact it's value.<p>Not that there's anything wrong with that, but it's worth mentioning to balance recent articles quoting how the BitCoin economy is now very big(tm).
adrianwaj大约 12 年前
"Bitcoin is good if you want to make a deposit of between $1,000 and $10,000. But the liquidity is just not there in the system for multimillion dollar transactions," Colas points out.<p><a href="http://www.businessweek.com/articles/2013-03-20/jittery-spaniards-seek-safe-haven-in-bitcoins" rel="nofollow">http://www.businessweek.com/articles/2013-03-20/jittery-span...</a><p>It's not a bubble if big money decides (or rather realizes) they can and will transfer and settle differences in bitcoin rather than fiat. (to me that's bitcoin's strongest point.. it's too cumbersome for day-to-day instant purchases) It might be a bubble now, but at some point either now or in the future, the (next) bubble won't pop.
conanbatt大约 12 年前
Im super surprised at this and i certainly dont understand it. True, Bitcoin now has a surge of popularity because several retailers with pull are using it and it got more news. Then it spiked the price, getting more attention. But the rise is so big that i dont understand what buyers are thinking.<p>Holders of BTC are making a lot of money selling (if they are selling), but why are people buying at this prices? BTC is not a need-purchase.<p>I wonder if after spiking price, the very BTC community started investing more money in what they already have. That could explain lack of sellers and price-spiking.
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niggler大约 12 年前
I hope people are selling something at these price levels. BTC may continue to run or may crash really hard soon, but at least make sure that if the crash comes you end up ahead.
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vijayboyapati大约 12 年前
It's up to $147. Was $140 just a few minutes ago. Any bets on whether it hits $200 today?
b0rsuk大约 12 年前
I oppose Bitcoin for the same reason I oppose money not based on gold or other valuable physical resource. It lets one entity to produce money out of nowhere, at the drop of a hat.<p>There used to be a video in higher quality, but this will have to do. Hans Hermann Hoppe gives a concise, high-level explanation of money: <a href="http://www.youtube.com/watch?v=Gizetn5VuA0" rel="nofollow">http://www.youtube.com/watch?v=Gizetn5VuA0</a>
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