Topic: Shops/stores are the biggest sellers of Bitcoin ?? - page 2. (Read 302 times)
This is really good to know also this news helps people to invest more in the market because of its usefulness also most of them are trade via btc also its easy to use and have less transactions fees based on this which shops are accepting they doing really well.
I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.
As Bitcoin is more accepted at shops/stores, Bitcoin selling will be more and bitcoin will come down to $2000 or $1,000
As Bitcoin is more accepted at shops/stores, Bitcoin selling will be more and bitcoin will come down to $2000 or $1,000
Yes, that's true that in almost all cases shops will be using a payment processor that automatically converts the BTC to cash for them.
However it's extremely unlikely that there's even remotely close to enough actual commerce going on to have any effect at all on the BTC price considering how much volume there is. Retail sales is maybe a spec of dust on a mountain of trades and investments that make up the market.
If this is true, there is a high chance of price fall. Since selling bitcoin will raise the supply more than demand . And in future it will result the price fall of bitcoin.
This would be very much appreciable if the shops or stores use the bitcoin as a medium of exchange. Everyday a shop or store needs to buy some goods to sell to make profit. It would bring more profits by trading with bitcoin.
The shops and store which accept bitcoin as a mood of payment is really appreciable. They need some cash everyday to purchase goods for their stores. They make profit with their regular business. I think they they en-cash their bitcoin everyday. Some may hold bitcoin for better profit from bitcoin though it is not regular business. Now they start to sell their bitcoin in this low market. They cannot understand that the market will rise soon, as they are not matured enough in this market. To make them mature we need to arrange a seminar or training session.
Bitcoin $2000 will not be used as payment mode at shops/stores.
For Bitcoin to be accepted at shops/stores and businesses, Bitcoin has to be $400.
The shops and store which accept bitcoin as a mood of payment is really appreciable. They need some cash everyday to purchase goods for their stores. They make profit with their regular business. I think they they en-cash their bitcoin everyday. Some may hold bitcoin for better profit from bitcoin though it is not regular business. Now they start to sell their bitcoin in this low market. They cannot understand that the market will rise soon, as they are not matured enough in this market. To make them mature we need to arrange a seminar or training session.
I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.
As Bitcoin is more accepted at shops/stores, Bitcoin selling will be more and bitcoin will come down to $2000 or $1,000
As Bitcoin is more accepted at shops/stores, Bitcoin selling will be more and bitcoin will come down to $2000 or $1,000
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