Bitcoins Currency Clarification?

Question

So I'm having trouble with this whole bitcoin thing. So say what I wanted to buy was worth $300 USD and the transaction were to be paid with bitcoins. The current rate is about $621 for 1 bitcoin; when I trade said $300 using localbitcoins.com for bitcoins, I get a decimal. I know the price for each bitcoin fluctuates often so my question is if that $300 in coins were given to the seller, would it still hold a value of $300?

Answer 1

It would be worth $300 only at the time the transaction locks in the price. However, the price would change as BTC exchanges run 24/7, like a Forex market. BTC's value may move by a lot, or by a little, during the time the seller owns the currency.

Answer 2

"would it still hold a value of $300? " absolutely not: firstly it fluctuates, secondly it has no dollar-"value" only a bitcoin value.

Answer 3

dont be an idiot