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Comment by mrb | Hacker News Reader

Pfft that is nothing. There is enough market depth that selling $400k of BTC would barely make the market dip from $72 to $68 (which was the market rate twelve hours ago)... http://bitcoincharts.com/markets/mtgoxUSD_depth.html

Edit: oh, you mean for him it would be bad if the market fell.

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5% in one day is quite a drop.

not for bitcoin.

or AAPL

There was a 7% drop today, and a 5% drop yesterday, and so on and so on, though so far the price has recovered after each one.

I think you'd have to be crazy to be either the buyer or the seller of this, unless you were doing it for the publicity. I also wonder if they'd agree on the bitcoin price in advance, or if they would pin it to the dollar value up to transfer.

Either way, imagine being the buyer, taking up a loan, maybe buying the bitcoins, and then suddenly not having enough money because the price has gone up/down.

Haha, that's a horrifying situation. To be safe, it's gotta be best to agree on the house's price IN BITCOINS before sale, regardless of future price fluctuations.

Welcome to the wonderful world of currency exchange risk! This is a problem common to international business acquisitions, wherein changing exchange rates usually changes the effective purchase/sales price (depending on your POV). For this reason, acquisition agreements fix the price as of a certain date, and the parties bear the risk of loss, or the fortune of gain, arising from changes to the exchange rate after the deal is signed but before payment is effectuated.

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