Microsoft Halts Bitcoin Transactions Because It's An 'Unstable Currency' (bleepingcomputer.com)

Catalin Cimpanu, reporting for BleepingComputers: Microsoft has stopped supporting Bitcoin as a payment method for Microsoft products, Bleeping Computer has learned. A Microsoft support staffer has told us the move is temporary and cited the unstable state of the Bitcoin currency. Microsoft added support for Bitcoin in 2014, and has previously temporarily stopped supporting Bitcoin in the past.

Comments

I called it earlier

[DaveV1.0]

When a currency can quickly gain or lose half it's value with no apparent reason and no apparent cause, many people won't want to take them for fear they will lose money on the deal.

Re:I called it earlier

[DaveV1.0]

Sure. And people using it should have had an issue with using it when it kept climbing. That is why highly unstable currencies are bad. The smart people buy low and sell high, and that "people" includes businesses. Accepting a depreciating currency is a bad business decision. If offered to pay you for a product you are selling with a 25% margin in a currency that had a 50% chance of loosing half it's value before you could trade it for the stable local currency, would you do it? If you are smart, you would tell me to pay in the stable local currency.