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Topic: Increases in bitcoin prices are bad for merchants - page 2. (Read 3311 times)

legendary
Activity: 1386
Merit: 1004
i was willing to spend much more when the price was higher, because i bought them so much lower.

I still use them whenever i can though, because i buy more of them when the rate drops.

BTW, i thought i heard in this video something about how at MtG there is some kind of a mechanism now to protect merchants against exchange fluctuation losses as well...

Bitcoins are "cash" to me. So, i am not converting them to other forms of "cash" (currency) unless i have to for some reason, because i think there is much more upside potential in them, compared to any other currency, including metal...



People do spend more at my store when bitcoins are worth more.  The most activity was when bitcoin was $10 or more. 
hero member
Activity: 728
Merit: 500
165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
Welcome to a deflationary economy!!!  Wink

This.  It's why I support creating a deflation-neutral, bubble-resistant alternative coin.
legendary
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
I get the feeling that people spend less bitcoins when they see the price going up. This is an unfortunate side effect where all bitcoin holders become speculators and are just waiting for the market to tops off and buy things (or convert back to cash).

So the more it is going up in value, the less actual economic activity it is used in.

I am looking forward to it leveling back off again. The ups and downs are bad for bitcoin.

Welcome to a deflationary economy!!!   Wink
hero member
Activity: 609
Merit: 500
while I bought a couple things when it hit 25, I bought several coins when price was at 16, so I'm hoping it hits 17 so I can feel better about myself Wink
hero member
Activity: 702
Merit: 503
i was willing to spend much more when the price was higher, because i bought them so much lower.

I still use them whenever i can though, because i buy more of them when the rate drops.

BTW, i thought i heard in this video something about how at MtG there is some kind of a mechanism now to protect merchants against exchange fluctuation losses as well...

Bitcoins are "cash" to me. So, i am not converting them to other forms of "cash" (currency) unless i have to for some reason, because i think there is much more upside potential in them, compared to any other currency, including metal...

legendary
Activity: 2058
Merit: 1005
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I get thrice the orders since btc is over 4.
It feels like miners and buyers-low dump them to me for gold and silver instead to mtgox.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Personally, I spend more bitcoins when the price goes up. Since I bought low, I feel I am getting more value for my money.

Ditto. I waited till the price went up to pay for many things.
full member
Activity: 318
Merit: 116
Personally, I spend more bitcoins when the price goes up. Since I bought low, I feel I am getting more value for my money.
hero member
Activity: 533
Merit: 501
I get the feeling that people spend less bitcoins when they see the price going up. This is an unfortunate side effect where all bitcoin holders become speculators and are just waiting for the market to tops off and buy things (or convert back to cash).

So the more it is going up in value, the less actual economic activity it is used in.

I am looking forward to it leveling back off again. The ups and downs are bad for bitcoin.
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