Bitcoin Volatility

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mnschwarz

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Mar 16, 2016
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How do you manage the volatility of your bitcoins? I've been watching exchange rates for a while and it just seems way too high risk for anything large scale. The last month alone it has swung between approximately US$750 to US$1150. If you received bitcoins at the peak and paid bills in USD a week later you would lose 30%+. I understand if you operate entirely in bitcoin but I don't see many being able to do this? I'm interested to see how you handle these swings.
 
I have been trading bitcoins with kraken since the beginning of this months. I sell‌ and buy bitcoins on a daily basis making small margin profits. But I don't use‍ them as a payment method yet for any of my services because of the same⁠ reason as you mentioned.

On the other hand if you look at the bitcoin ~⁤ USD rate of the last 12 months you can see that the rate is rising⁣ all time. What you have seen in with the huge peak of 1150 was unique⁢ and I don't believe it to happen again so fast.
 
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