Priceing things in BTC | Bitcointalksearch.org

durrrr

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Quote from: jubalix on April 28, 2014, 05:11:05 AM

How many of you work things out in BTC, eg, when you look at say the cost of something you think hm....0.2 BTC.

Despite the USD volatility vs BTC, I find more and more I think in BTC price and like many usually roughly know the spot price.

I haven't quite got into mBits yet but I will when it get back to 1K +

amazingly i do this all the time. when i look at a car to buy im like oh tats only 11 bitcoins sweet. and so on. i dont know if this is a good or bad thing for me personally but for bitcoin it is definatly a good thing

Pente

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When you live in other countries you start out converting prices into USD, but after a while, you just start thinking in the local currency at least for small purchases.

I imagine at some time we will start thinking in terms of BTC once local businesses start accepting it.

counter

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Time is on our side, yes it is!

I admit I do that on occasion. Not as much as I'd like however because I don't have a ton of BTC haha.

CurbsideProphet

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Quote from: Bit_Happy on April 28, 2014, 01:02:34 PM

Quote from: dreamspark on April 28, 2014, 05:22:33 AM

I think its hard to price things in BTC when the exchange rate changes so much, especially as its tied to a fiat exchange rate and the product is priced in that currency. Therefore the BTC price is constantly changing and the fiat price is not.

Will BTC ever break free from the conversion to fiat values?
Some people think this is a high priority, but for now it's hard to do in the "real world".

I don't think it will but I also don't think it's really necessary. Gold as an example, is still expressed in terms of value by it's conversion to fiat yet still serves its purpose.

Bit_Happy

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A Great Time to Start Something!

Quote from: dreamspark on April 28, 2014, 05:22:33 AM

I think its hard to price things in BTC when the exchange rate changes so much, especially as its tied to a fiat exchange rate and the product is priced in that currency. Therefore the BTC price is constantly changing and the fiat price is not.

Will BTC ever break free from the conversion to fiat values?
Some people think this is a high priority, but for now it's hard to do in the "real world".

Buziss

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Quote from: gagalady on April 28, 2014, 09:23:05 AM

If the price is 0.2 BTC i would think like that: If 0.1 BTC is $43, 0.2 is $86 but I always convert bitcoins into dollars to understand the price when ever It's cheap or expensive.

Same here, probably because 99% of stuff I see and use are still priced in USD.

gagalady

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If the price is 0.2 BTC i would think like that: If 0.1 BTC is $43, 0.2 is $86 but I always convert bitcoins into dollars to understand the price when ever It's cheap or expensive.

dreamspark

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I think its hard to price things in BTC when the exchange rate changes so much, especially as its tied to a fiat exchange rate and the product is priced in that currency. Therefore the BTC price is constantly changing and the fiat price is not.

HYFR

newbie

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I think of it in both. I think you have to really.

jubalix

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How many of you work things out in BTC, eg, when you look at say the cost of something you think hm....0.2 BTC.

Despite the USD volatility vs BTC, I find more and more I think in BTC price and like many usually roughly know the spot price.

I haven't quite got into mBits yet but I will when it get back to 1K +

Topic: Priceing things in BTC (Read 746 times)