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Topic: Will people shop more with Bitcoin while Price goes down - and is this good? (Read 628 times)

legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Spending less in a downtrend makes much more sense to me and it's backed by merchant announcements also. If Bitcoin feels undervalued to me, I'm more inclined to hold as much as I possibly can. When I feel it might be overvalued, I'm more inclined to spend them. That's how it is for me anyway, I don't know about everyone else.

My line of thinking too.
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
Spending less in a downtrend makes much more sense to me and it's backed by merchant announcements also. If Bitcoin feels undervalued to me, I'm more inclined to hold as much as I possibly can. When I feel it might be overvalued, I'm more inclined to spend them. That's how it is for me anyway, I don't know about everyone else.

And to clarify, at below $100, I feel it's undervalued. Regardless of how little or how much below it is.
sr. member
Activity: 364
Merit: 250
I've read some responses from merchants that people buy more when the Bitcoin price is rising.
Shouldn't people buy less when the price is rising? Why pay 1 BTC for an item when you can pay 0.5 BTC next week? That is, assuming the price will rise.

This is just one way to view it, you could also see "Hey I'm getting this xy so much cheaper than last week".
I know some random merchant response is hardly evidence, but at least it's a hint that the rule "people will buy less" may be false.
legendary
Activity: 2058
Merit: 1452
I've read some responses from merchants that people buy more when the Bitcoin price is rising.
Shouldn't people buy less when the price is rising? Why pay 1 BTC for an item when you can pay 0.5 BTC next week? That is, assuming the price will rise.
sr. member
Activity: 364
Merit: 250
I've read some responses from merchants that people buy more when the Bitcoin price is rising.
full member
Activity: 364
Merit: 100
I am optimistic. Option 4.
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