Quote:
Originally Posted by Jon_locke
It still matters if you are looking to hold bitcoins as a long term investment. Example, I request a 10k cashout when BTC are 450 each, that's roughly 22 bitcoins; now the prices appreciates to 520 when my withdraw is processed and I receive 19 coins. Yes, its still the same amount of money but i'm out $1500 in the short term appreciation.
Now we can just as easily benefit from it going the other way, but if you think the price will be going up I would obv rather have more at the smaller price point
Huh? Lol
Bovada is not a BTC exchange, where you instantly use your cashout to buy BTC on request, they are just using BTC as a method of processing fiat cashouts.
If someone owes you $1000, they offer to pay the debt in BTC within 7-10 days, you accept the offer, they send the BTC to you a week later, the price of BTC at that time is irrelevant, all that matters is you receiving enough to equate to $1000. Same with Bovada.