Bitcoin debit card.

Guess that way would work as the merchant is getting US dollars on their end.

I can’t quite grasp how bitcoin is ever suppose to be considered a currency with this volatility. Imagine being a merchant accepting bitcoin for a product and before you can exchange it to dollars you down 10 percent.

I don’t see any articles about people using bitcoin as a currency, just articles about people buying it to hope for more of the crazy gains.

I think the next big trade not shorting cryptos because that’s like trying to catch a falling knife. It’s trying to build a position into wherever all the money from them is going to move to after the bubble burst. Still working on ideas for that one.
 
Metamega said:
I can’t quite grasp how bitcoin is ever suppose to be considered a currency with this volatility. Imagine being a merchant accepting bitcoin for a product and before you can exchange it to dollars you down 10 percent.
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Merchants would obviously factor volatility into each transaction e.g If the price for a product or service was US$100, they might charge US$100 plus a 5% bitcoin processing fee and their systems would convert any bitcoin receipts immediately to US$.

As bitcoin becomes more stable, the fee would probably be in line with normal merchant fee charges.
 
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I disagree - the fee should be 0% when bitcoin becomes stable.

Are we so beaten up by fees they become the norm? This is electronic currency - there shouldn't be any need for fees to transact.
 
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Someone needs to make Bitcoin great again. $14 to move money 'slowly' seems quite high
 
"This setup lets investors play the growth of bitcoin transactions without forcing the bank to hold the volatile cryptocurrency on its balance sheet."
 
I wouldn't use it, Can you imagine buying something whille the value is down and you don't really knowing? With auto converion and volatibility, it seems like a easy way to lose money
 
I think it's good that they can take advantage of bitcoin to start paying for all our daily things, but the percentage that these people ask for is a robbery. They just want to make a profit because the price of the btc goes up every day.
 
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