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These people I see around here need to go to a BTC ATM to have cash for the coffee stand right next to it. What's so different? The scale, OK, but anything else
by WHATDOESIT 4y ago
These people I see around here need to go to a BTC ATM to have cash for the coffee stand right next to it. What's so different? The scale, OK, but anything else? Actually, people are buying land/houses and cars with BTC here, also the largest local web shop (a large EU seller too) - the local Amazon let's say - accepts it, and they claim it's used for a small but not insignificant chunk of the sales.
- cuteboy19 4y agoSo most of those places instantly convert the btc into usd. Prices themselves are listed in USD and you have to pay some markup for USD conversion too. It's sell pressure on btc so bad in any case
- WHATDOESIT 4y agoThat's a great point, yeah I guess this is generating sell pressure on BTC.