Post
Topic
Board Service Discussion
Re: Please dont let bitcoinstore fail, your action is needed just about now.
by
Mosper
on 20/03/2013, 22:06:23 UTC
Those aren't necessarily going to offset nice and equal like that. It isn't even likely that the number of sales lost, due to value people are holding out for, will match up the value BTC actually lands at.

You have a couple things in your argument here:
1. You're working from the assumption that bitcoinstore is losing sales from customers not wanting to spend money due to "deflation".  Unless I missed it, you haven't provided any evidence of this outside of just saying that's the case.  It might seem right in your gut, but you are making the claim and thus need to provide some shred of evidence.  And no, you can't base your argument on pure speculation alone because that's not an argument.

2.  You are assuming people aren't smart enough to convert USD to BTC.  If I need to buy a computer and can save 10% value by buying from bitcoinstore with BTC over USD at amazon, I'll just buy some BTC with USD and then make the purchase.  I haven't bought a computer, but I have done this exact thing for other items from a variety of bitcoin stores.  
I literally picked a random page in this thread and clicked on it:

https://bitcointalk.org/index.php?topic=151389.80
i rather hold my bitcoins it will rise in value  Grin

Nevermind the fact that if you don't posses the ability to reason this out for yourself then you are hopeless in an economic discussion.

This is like telling me I can't assume it's going to be hot in Texas in July.