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Most people who aren't risk-tolerant toward things like this are using services that instantly (or daily) convert to USD or EUR to minimize losses due to exchange rate flux.

It's really only a big deal for speculators, or people who are trying to run a btc-in-from-customers, btc-out-to-vendors business. SR is probably pretty interesting today.



How do you instantly convert USD and BTC when the prices are this volatile? Bitpay quotes BTC prices good for 10 minutes.


Obviously, you can't. The intra-day prices have only been this volatile for 3 or 4 days out of 1000, though.

I think a half of one percent is pretty good for something that finally solved the centralization problem for digital currency and has only been really useful for a couple of years. It will, of course, continue to get better with time as the size of the market increases.

This big flux could well have been caused by a single old-school miner/collector dumping $1-2mm of BTC in one batch, too. Remember, these markets aren't really that big yet.




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