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If Euro/USD goes down by few basis points would one stop selling cars priced in euro? Btc swings can be +/-20% a day, so not exactly a great comparison. Also
by andreilys 5y ago
If Euro/USD goes down by few basis points would one stop selling cars priced in euro?
Btc swings can be +/-20% a day, so not exactly a great comparison.
Also currency hedging is a thing that many companies employ to normalize profits. I’m sure there’s a BTC equivalent for this but the volatility would make it unreliable most likely
- ineedasername 5y agoStable currencies may move a few basis points from day to day. BTC can move hundreds or thousands of basis points.
- myth_buster 5y agoWhat I'm saying is that they can sell cars in BTC without any volatility exposure. The price going down is not the reason for them deciding against selling cars in BTC but the energy subsidies.