You can use three main units for Bitcoin: Bitcoin, satoshi and milibitcoin (mBTC). I believe these three units are enough for you to use from big to small values of your items because with these units, we will have two extremes (biggest, smallest units and one unit in the middle).
1 mili-bitcoin = 0.001 BTC and this unit is a good unit in between bitcoin and satoshi units.
[Did you know?] Bitcoin Table of Units
Topic: Quote prices in Bitcoin or Satoshi - page 2. (Read 219 times)
@bitmover is one of the members who could help you with this since he has already created some useful tools that you can check out on his website -> https://bitcoindata.science/
Good luck on your investment I believe it is going to be a very productive one, also I would not like to get you wrong. And I believe what you meant is that you are trying to place your price at £10 but you want to place it in Bitcoin.
If that's the case then it's a bit complicated and still very simple in my own opinion, it's complicated in the sense that the Bitcoin price is very volatile and unstable. I believe you can place your price tag as £10 in the current value of Bitcoin.
If that's the case then it's a bit complicated and still very simple in my own opinion, it's complicated in the sense that the Bitcoin price is very volatile and unstable. I believe you can place your price tag as £10 in the current value of Bitcoin.
Using Satoshi unit is a pain in the ass for buyers because it usually shows large figure while most people preferred lower digit when buying things for easy understanding on price. BTC and mbtc is the best unit if you want to use on selling items online because it’s the most common units used by crypto services like exchange and gambling sites.
I’ve done purchasing couple of items on a merchant that use by forum users here on marketplace. Using BTC will make it easy for buyers to understand the price instantly or do the conversion feature in fiat.
I’ve done purchasing couple of items on a merchant that use by forum users here on marketplace. Using BTC will make it easy for buyers to understand the price instantly or do the conversion feature in fiat.
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Actually, both conversions into fiat are easy for every old Bitcoiner to know how to do, but in consideration of a new Bitcoiner who is not yet accustomed to the system, quoting in Bitcoin would be more familiar and can be a very easy thing to do. For me, I quote my price in Bitcoin, and for someone who doesn't know what the value would be in fiat, I would just ask them to multiply the price quote in Bitcoin by the current price of Bitcoin. Let's say someone wants to buy one piece of my future, which I decided to sell for 0.0012 BTC. I would just ask them to multiply BTC0.012 x $25600 = $307, which will give them the price in fiat. The reason why I quote in Bitcoin is also because most people don't know that Satoshi is also referred to as the smallest denomination of Bitcoin; they only thought that Satoshi is mostly referred only as the author of Bitcoin.
Some customers might even ask a dumb question like, "Why do you write 500,000 Satoshi? I thought Satoshi was the father of Bitcoin?" (just saying). Most of my customers do ask some dumb questions, but I can't blame them because they don't know, and that's why they would ask.
Some customers might even ask a dumb question like, "Why do you write 500,000 Satoshi? I thought Satoshi was the father of Bitcoin?" (just saying). Most of my customers do ask some dumb questions, but I can't blame them because they don't know, and that's why they would ask.
I'm having trouble with deciding how to quote prices in Bitcoin. It's OK for domains, as I'm currently negotiating one sale for BTC 0.2. However, I want to start selling classic car parts, and I'm setting up a shopping site. So how do I quote a price for an itedm which is ( say ) £10. The current Bitcoin price would be 0.0005032273226268366 and Satoshi would be 50560.637930455334 ( prices taken from Coinbase, and may indicate price movement whilst I am posting ). Obviously I can round the amounts, and I would quote 50560 Satoshi, but that could frighten a buyer. The Bitcoin price of 0.0005 looks more manageable, but will probably confuse the buyer. Another alternative would be to quote the price in Sterling, and include a link to a conversion site such as coinbase or XE. Do any of you guys list low cost items in Bitcoin?
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