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Title: A compelling reason for traders to accept Bitcoin! Post by: kehtolo on October 19, 2013, 11:28:35 AM I just thought of something.. that makes acceptability of bitcoin for real-world sellers of wares and merchants a total no-brainer.
Say i was to sell something i valued at €1000 - but took payment for it in bitcoin. Right now €1000 = 7,24.... bitcoin (btc/eur @ 138) Yesterday that 7,24 bitcoin was worth only €833.. €/BTC @ 115 last month it was only worth around 702,... @ €97 ..so i sell something (a ware) today worth €1000 and gladly accept 7.25 btc for it.. and after a week.. month or so.. when i do my accounts.. that €1000 sale is now worth €1350.. Seems like a no-brainer to me anyway... Title: Re: A compelling reason for traders to accept Bitcoin! Post by: Raoul Duke on October 19, 2013, 11:29:28 AM What if the price goes down? You know it's possible, right?
Title: Re: A compelling reason for traders to accept Bitcoin! Post by: Johnny Bitcoinseed on October 19, 2013, 12:05:05 PM Eventually, Bitcoin will not be so subject to wild swings in purchasing power. We will think in terms of bitcoin not dollars. In fact bitcoin has the potential to be more stable in perceived value than do government currencies based on debt.
Every day the value of the dollar goes up or down, yet in our daily lives we rarely think about that. Behind the scenes though, the value of the dollar changing from day to day as it does is a very important consideration in trade between countries and the purchases of large amounts. You just don't see it if your personal financial world is confined to your own narrow space of buying the weeks groceries or purchasing clothes, etc, though you likely know that, in the long run, the purchasing value of your dollars is falling down down down. Don't count on bitcoin being tied to some sort of dollar value in the minds of its users forever. Eventually it will stand on its own. Who knows, maybe one day people will be talking about dollars being worth X-number of bitcoins! The way the US dollar is heading, we may be buying paper dollars with our bitcoins for pulp scrap to be remade into useful paper products. Title: Re: A compelling reason for traders to accept Bitcoin! Post by: kehtolo on October 19, 2013, 12:19:53 PM Eventually, Bitcoin will not be so subject to wild swings in purchasing power. We will think in terms of bitcoin not dollars. In fact bitcoin has the potential to be more stable in perceived value than do government currencies based on debt. Every day the value of the dollar goes up or down, yet in our daily lives we rarely think about that. Behind the scenes though, the value of the dollar changing from day to day as it does is a very important consideration in trade between countries and the purchases of large amounts. You just don't see it if your personal financial world is confined to your own narrow space of buying the weeks groceries or purchasing clothes, etc, though you likely know that, in the long run, the purchasing value of your dollars is falling down down down. Don't count on bitcoin being tied to some sort of dollar value in the minds of its users forever. Eventually it will stand on its own. Who knows, maybe one day people will be talking about dollars being worth X-number of bitcoins! The way the US dollar is heading, we may be buying paper dollars with our bitcoins for pulp scrap to be remade into useful paper products. Agree 100% - but i never once mentioned dollars!!! me talk in euros. Of course the price can go down.. but if i sold something last week for €1000 @ eur/btc = €107 i ask for 9,35 btc.. Today i do my accounts.. and that sale is now worth €1322 = i win.. profit margin is up around 200%.. and the overall trend (to me anyway) seems up.. reward : risk ratio is worth it |