Quote:
Originally Posted by gnawledge
I?m sorta on the hype with it, but maybe thinking realistically. My brother in law was talking how much money is going into Bitcoin and this and that. I told him this. If you sold an iPhone for $500 in bitcoin, how much money would you have if the price went down $200 right afterward before you could transfer it into a bank and cash out? He was like hmmmmm wow.
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The opposite could just as easily happen too of course, $500 could turn into $700. The pricing instability is bad for bitcoin, and hopefully it will stabilize over time. I think that stability is a long was off though, there are still very few ordinary people who use or own cryptocurrency.