Some people love Bitcoin, but I’m just not buying. There may come a day when I do, but right now, I’m out. My main reason: The price is waaay too volatile.
How is Bitcoin supposed to become some big-time, widely-accepted currency if the price is $15 one year and $250+ the next? Please. Sounds like the currency of a country with some serious problems. And that tells me that the underlying logic for Bitcoin is not sound enough for it to act as a currency.
Sounds more like purchasing things with stock certificates to me.
I would personally not accept Bitcoins for payment because who knows what it will be worth when I actually use it. Sure, the US dollar fluctuates too, but has it ever, EVER fluctuated from $15 to $250+ in one year? No.
(image from: http://blockchain.info/charts/market-price)
You can see some other Bitcoin charts here.
Or how about an illustrated history of Bitcoin crashes.
Sorry Bitcoin, until you get your act together and stabilize, I’m out. (Yeah, I know Bitcoin doesn’t need me anyway.)