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Topic: Malaysian Retail Giant i-Pmart Will Hold 100% of its Bitcoin Payments (Read 1838 times)

sr. member
Activity: 406
Merit: 250
It would be good to see more merchants holding instead of selling. In a perfect world they would also being talking to their suppliers about using bit coin as well.

Holding when prices are low is a great strategy for smart businesses.
Even "dumping on rallies" (playing the market) will help with stability and calm down the craziest Bitcoin Bulls.  Smiley

Yes. I love a good rally as much as anyone else but the profit taking helps keep it from bubbling up so big that a major crash happens.
full member
Activity: 196
Merit: 101
An excellent strategy by i-Pmart, with the value of bitcoins increasing year after year they made the right decision.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
It would be good to see more merchants holding instead of selling. In a perfect world they would also being talking to their suppliers about using bit coin as well.

Holding when prices are low is a great strategy for smart businesses.
Even "dumping on rallies" (playing the market) will help with stability and calm down the craziest Bitcoin Bulls.  Smiley
sr. member
Activity: 406
Merit: 250
It would be good to see more merchants holding instead of selling. In a perfect world they would also being talking to their suppliers about using bit coin as well.
sr. member
Activity: 952
Merit: 281
All well and good to hold your Bitcoins but wouldn't it be a better idea to circulate your coins therefore increasing the market and increasing its value.
Better than selling instantly for fiat  Roll Eyes
newbie
Activity: 45
Merit: 0
There are lots of things that exports from Malaysia, and if they trust in bticoin, so it really the benefit of everyone. Cheesy
legendary
Activity: 3766
Merit: 1217
I think more and more merchants will have
positive view of BTC and  follow I-Pmart's step to keep bitcoin payment. BTC will be accepted and used by more.

Merchants in Malaysia definitely have a reason to accept Bitcoins now, as one of the market leaders is accepting them. Also, the authorities in Malaysia have been so far very friendly towards Bitcoin.  Grin
legendary
Activity: 1596
Merit: 1000
I think more and more merchants will have
positive view of BTC and  follow I-Pmart's step to keep bitcoin payment. BTC will be accepted and used by more.
legendary
Activity: 3766
Merit: 1217
All well and good to hold your Bitcoins but wouldn't it be a better idea to circulate your coins therefore increasing the market and increasing its value.

Hoarding can increase the exchange rate of Bitcoin, as the supply becomes more limited.

That said, this news is most welcome. i-Pmart has a very good market share of the online retailing sector in Malaysia, and their daily transactions can be measured in the thousands.
legendary
Activity: 966
Merit: 1000
In holiday we trust
All well and good to hold your Bitcoins but wouldn't it be a better idea to circulate your coins therefore increasing the market and increasing its value.
member
Activity: 109
Merit: 10
http://www.coindesk.com/malaysian-online-retailer-accepts-bitcoin-wont-convert-fiat-currency/

“[I'm] looking forward to the new world of virtual payment choice, which I believe can be the future of global virtual currency that people might embrace, especially the Gen Y.”

“I am holding the bitcoin. Because having a very big confidence the price of bitcoin is not the rates of today USD 650, should be higher than this price very soon.”

Very nice to see a huge player have such confidence in the currency.
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