Shops/stores are the biggest sellers of Bitcoin ??

[neymarjunior50]

Yes, you are partially right. The shops or stores are biggest sellars. Then again, they are the biggest promoters and through them Bitcoin gets most exposure and more people are interested to buy Bitcoins.

[upsidedown75]

This would be very much appreciable if the shops or stores use the bitcoin as a medium of exchange. Everyday a shop or store needs to buy some goods to sell to make profit. It would bring more profits by trading with bitcoin.

A lot appreciable irrespective of whether they convert immediately or not. As far as I am concerned, their conversion to fiat has little or no effect on the value of bitcoin as that is basically being done by manipulation by those who hold a huge side of it and already sold a lot at the peak anyway. The market is very volatile and normally any shop will be insane to keep holding at this stage when they can stand a chance to lose pretty fast within a twinkle of seconds. So, who would not sell in such scenarios?

[STT]

Shops dont hold onto FIAT cash either, they pay the bills, they pay employees and they must pay for the stock they are selling.   Of course shops dont keep bitcoin when most have costs to meet every day.

I think alot of shops are only handling the transaction via a 3rd party in any case.  The utility of being able to use bitcoin anywhere is generally a positive and buyers must get the bitcoin to take part in that transaction, its still creating an economy in any case.

[hukes]

I agree with this. Nowadays bitcoin is a popular site for investment. Bitcoin transactions are occurring in store and shops. It is a great place for business. I hope it will increase in near future.

[TonyCharls]

The shops tend to do this because of the lack of knowledge in bitcoins. They take them out on a regular basis because of the fear of a drop in prices. And this mass withdrawal of bitcoins is what leads to the chain reaction of a drop in prices too.