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RE: The Daily Dood - Tuesday, 2 - 27 -18
Intermediaries are always getting the bigger piece of the pie.
Dood, this 50 cent scandal... I was under the impression he owned Bitcoin but he used one of those apps that immediately converts the BTC to USD for. They're making a fortune on people who don't know how to handle crypto. We need more crypto education for the general audience.
Thanks for the digest. Always informative.
Because of bitcoin volatility a lot of business people like having their btc payments immediately converted to USD. Hodling is nice when the price goes up, but selling a product in the morning, and by end of the day taking a 10% to 20% haircut when the price of bitcoin drops isn't very appealing to most business owners. For this reason companies like BitPay thrive. I agree though, people should learn all they can about cryptocurrency especially if they're accepting it for payment. Thanks for reading and commenting