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Title: Buyers of bitcoin pay any price Post by: btcKaboom on March 28, 2014, 12:59:35 AM Because, they go direct from fiat to btc to pay for something immediately.
That means they are not affected by price movements. They will pay for the coins, no matter what the price is. Title: Re: Buyers of bitcoin pay any price Post by: GigaCoin on March 28, 2014, 01:07:11 AM No.
Title: Re: Buyers of bitcoin pay any price Post by: Bit_Happy on March 28, 2014, 01:10:03 AM I assume you are talking about "deep/dark" markets that only accept BTC?
Interesting idea that the BTC price doesn't matter. Title: Re: Buyers of bitcoin pay any price Post by: btcKaboom on March 28, 2014, 01:18:53 AM yeah. best to jack up your prices and wait for the speculators to get sick of losing money.
just wait for the cheap coins to disappear. because of that group will buy them at any price Title: Re: Buyers of bitcoin pay any price Post by: btcKaboom on March 28, 2014, 01:56:36 AM interesting how some people on localbitcoins are still paying 1200 a coin
either they are really risky investment or they just wanted to pay for something that only accepted bitcoin Title: Re: Buyers of bitcoin pay any price Post by: btcKaboom on March 28, 2014, 04:02:20 AM yep. very stupid to sell your coins for less than you bought them.
people who are buying now at 500. sell at 600 and do not compromise. cheaper coins will be bought, but the people who bought those coins, also should not sell for less than they paid. eventually, market price will arrive at your ask. why ? because there are people buying them not for profit but for anonymity. its true. Title: Re: Buyers of bitcoin pay any price Post by: Bit_Happy on March 29, 2014, 12:50:01 AM interesting how some people on localbitcoins are still paying 1200 a coin either they are really risky investment or they just wanted to pay for something that only accepted bitcoin Really? I'll have to remember that when I have some to sell. |