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Title: Regarding the use of bitcoins by retailers.... Post by: Marlex on November 16, 2013, 09:16:05 PM How are they going to be able to keep their prices relevant with the value changing so quickly?
Obviously this is relevant when it comes to making their use mainstream. Title: Re: Regarding the use of bitcoins by retailers.... Post by: Rupture on November 16, 2013, 09:48:15 PM They can tie it to dollar amounts using a service and besides even if they do take a small loss, it will grow in the future.
Title: Re: Regarding the use of bitcoins by retailers.... Post by: PrymeTyme on November 16, 2013, 10:06:58 PM Chillax we are at the beginning (Drugs, alcohol, Tabac, Sex , gambling,) BTC is volatil
But it will calm Down in the future , it Takes time but it will move up to average joe Till then just buy and Hold ... Till u can Pay your Rent in BTC Title: Re: Regarding the use of bitcoins by retailers.... Post by: kwest on November 16, 2013, 11:27:18 PM It's difficult right now without tying it to something more stable (like the $ or €).
I've linked to this video before, but I think it's so good that I'll do it again: http://www.youtube.com/watch?v=qHUPPYzzZrI (http://www.youtube.com/watch?v=qHUPPYzzZrI) If you look at Bitcoin's volatility like that guy in the video explains.. you'll understand that it won't always be this way. It will either become more stable much higher, or hit a dead stop at zero (death). We're still in the "pre-IPO" phase. Roller coaster rides are included free of charge. Title: Re: Regarding the use of bitcoins by retailers.... Post by: Impaler on November 17, 2013, 02:48:02 AM Seriously people keep expecting 'stability' like it's the second coming. IF it was going to happen it would have happened already, the truth is that BTC was designed to do exactly what it's doing, be a hyper-deflationary quasi pyramid-scheme in which the early adopters see their net worth soar as new suckers come in at the bottom of the pyramid.
Title: Re: Regarding the use of bitcoins by retailers.... Post by: Walter Rothbard on November 17, 2013, 02:51:55 AM How are they going to be able to keep their prices relevant with the value changing so quickly? There are already services for this, like Bitpay. Title: Re: Regarding the use of bitcoins by retailers.... Post by: chaosknight on November 17, 2013, 03:15:06 AM How are they going to be able to keep their prices relevant with the value changing so quickly? Obviously this is relevant when it comes to making their use mainstream. I believe most of the goods are priced in USD but pay in BTC. So it depends on the BTC price on that day and it will change... Title: Re: Regarding the use of bitcoins by retailers.... Post by: wobber on November 17, 2013, 04:57:38 AM Seriously people keep expecting 'stability' like it's the second coming. IF it was going to happen it would have happened already, the truth is that BTC was designed to do exactly what it's doing, be a hyper-deflationary quasi pyramid-scheme in which the early adopters see their net worth soar as new suckers come in at the bottom of the pyramid. I don't think it's a pyramid-scheme because early adopters can sell anytime thus newcomers become the new early adopters. No more pyramid than gold. |