Quote:
Originally Posted by jscott
If you're using bitpay you can choose to be paid fiat at the exact rate at point of sale.
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So you are certain it would pay out if people sold at $4000 and (while waiting for payment) it suddenly dropped to $0?
Quote:
Originally Posted by jscott
If you're talking about manually then it's the same as any other type of exchanging or trading in the world, if you did 1 hr ago, could be diff from now, could be diff from next hour. Etc.
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Manual as if person to person communicating directly?
Ok, you sell to other GFY member at $4000. He says, ok, wait, I will transfer 4000 bucks to you. While he is doing it btc crashes to $0. What do you think said member would do? Send you 4000?
Surely some may be fair, but...
With other currencies it is "live", with BTC it is with a delay where things can happen.
Ps: I never did BTC tradee so just speculating in theory, but these concerns were reasons why I did not speculate in BTC, even though I thought I could profit. On top of concern for fees that eats up a portion of profits.