Quote:
Originally Posted by The Yen Man
How can bitcoins be a viable currency when it's so volatile? This thing can double or half itself in the span of a day or two. That just shows why not having it tied to anything is so dangerous. It's being driven purely by people speculating it's worth.
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It's viable because it has a quality other currencies don't such as anonymity and lack of regulation.
This makes it popular for anonymous transactions. The volatile price is built into the dynamic adjustments many sites make when accepting Bitcoins as payment so it doesn't matter if a Bitcoin is $5 or $500.