Now one million merchants will drive selling pressure!

[teukon]

If merchants start to leave BitPay and return to just using PayPal and credit cards, then will the price skyrocket?

[1715167695]

1715167695

[1715167695]

1715167695

[Amph]

if those merchants are selling, they must buy first you know, i mean the customers must buy first to send bitcoin to them and let them dump, this mean the price will remain stable

[btcmulisha]

If merchants start to leave BitPay and return to just using PayPal and credit cards, then will the price skyrocket?

It wont. Bitcoin lacks users. Holders everywhere but no users.

[pattu1]

If merchants start to leave BitPay and return to just using PayPal and credit cards, then will the price skyrocket?

It wont. Bitcoin lacks users. Holders everywhere but no users.

If users are lacking, then merchants selling bitcoins and driving the price down wouldn't be a problem, would it? 

[Q7]

I don't think number of merchants accepting bitcoin would become one of the factors that drives selling pressure. It has nothing to do with that. In order to pay in bitcoin i would have to buy bitcoin. Once the merchants accepts bitcoin they will sell it to mitigate volatility risk. In this case almost square one.

However scenario would be different if let's say,
1. Bitcoin supply is not enough for the buyers to acquire
2. Merchants decide to keep the bitcoin thus reduce available supply in market
Both scenario with more merchants taking in bitcoin means price would be going up not down