pull down to refresh
When you agree to buy or sell at a particular rate it needs to be accepted that it could immediately move up or down. Otherwise Bitcoin is simply not going to used as a currency.
no, I think it's the exact opposite. Because it does this, randomly and unpredictably, shafting one party to any given transaction, big moves like these we should reimburse/make amends to our trading partners.
also: shitcoin, what...?
How would you go about selling something like a house? An agreed upon price or whatever price it is on settlement date? Buying OTC has the same issue.
IMO if you're worried about volatility during the sale, wait till it's 10% higher than the price you're happy with to give yourself a buffer.
also: shitcoin, what...?
I'll try find these later. Probably from Jan/Feb this year. You forgot?
Probably since the process of a big enough sale like a house has plenty of paperwork involved, just average the exchange rate between start/verbal agreement and final pay?
It's not like we've never done large deals across FX before
Glad that Bitcoin decided to punish you for calling it a sh$tcoin (and also selling).
I might not have agreed to take a partial loss if I were on the other end of that deal. If the pump came a day or a week later the same feelings would have come up. When you agree to buy or sell at a particular rate it needs to be accepted that it could immediately move up or down. Otherwise Bitcoin is simply not going to used as a currency.