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Originally Posted by ITraffic
bad for people who get paid in bitcoin you would think?
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As someone in that boat, I can tell you for sure: it hasn't been beneficial for a lot of people. Fortunately for me, my pay is "pegged" to the value of the coin at the time of payment, but since I don't usually buy and hold (I sell as it rises, then dump it and wait for the next fall), I just do a "short" hold when the value is very depressed, and end up making more than I would have. Recently, I got paid at $320, and it fell to $250 -- that wasn't so great.
Quote:
Originally Posted by PR_Glen
can't disagree with that, although i still think bitcoin is a lot more of a wild card...
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"Wild card" is an understatement. I still believe the "killer app" of Bitcoin will NOT be financial (as a currency) ... I'm working with the accelerator at Plug and Play to develop some of those "next-gen" apps right now. Exciting stuff, for sure.