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How do merchants even price things to sell using bitcoin when it has volatility like this? Do they dynamically change the price of goods based on the bitcoin/$
by jbooth 13y ago
How do merchants even price things to sell using bitcoin when it has volatility like this?
Do they dynamically change the price of goods based on the bitcoin/$ exchange rate? Or do they actually sell the same goods for 1$ one day, $3 the next and $2 the third?
- warfangle 13y agoIf they use a service like coinbase, they price in USD and then payout almost immediately. It's a deferred sell, to be sure, but it adds more economic activity than just an exchange transaction.