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Comment by duren

It's the same as exchange rates, constantly being recalculated. Though crypotcurrencies are orders of magnitude more volatile. A seller will set their price in USD (or other established fiat), and convert the price to bitcoin at the time of transaction.

As far as cryptocurrencies are concerned, I personally view BTC as a good store of value; it's slow and expensive to transfer compared to other coins.

parent duren 9 years ago

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