Bitcoin Forum

Economy => Trading Discussion => Topic started by: 2342q6tegw on February 01, 2018, 12:31:00 PM



Title: Product much cheaper in Litecoin q
Post by: 2342q6tegw on February 01, 2018, 12:31:00 PM
Could there be any reason to sell a product cheaper in lite coin than Bitcoin? I could see how Monero with its privacy might be more valued. What is the advantage of litecoin though? After all you can swap most of these cryptos around right?


Title: Re: Product much cheaper in Litecoin q
Post by: BitcoinHodler on February 01, 2018, 01:03:01 PM
as a merchant when selling something you should consider what your users want. do your customers own cryptocurrencies? do they own litecoin or bitcoin or monero or ...? are they willing to spend it on your product or are they just holding it?

adding a LTC payment system may cost you more (like wasting server resources,...) than the number of people who might buy your product using it.