When ACTUALLY using bitcoin to buy and sell goods, is there a way to take its current price ($22,xxx) and find an actual value to it?

Asked Dec 12 '17 at 14:39

Active Dec 12 '17 at 14:39

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Because if i sell my valued item at say, 22,000 worth of bitcoin. Tomorrow, there could be a crash which brings it down to $1000 or less and i've essentially traded my $22,000 item for worthless bubble money.

Is there any term to search or people to talk to who understand bitcoins true value?

asked Dec 12 '17 at 14:39

Victor

1

Are you asking how to "price" the risk? There won't be a universal way; it depends on whether you are more or less risk-averse than the market as a whole. Note, though, that if you don't want the risk of holding the bitcoin, there is an easy solution: sell the bitcoin immediately after receiving it. – Nate Eldredge Dec 12 '17 at 16:15

When ACTUALLY using bitcoin to buy and sell goods, is there a way to take its current price ($22,xxx) and find an actual value to it?

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