Post
Topic
Board Bitcoin Discussion
Re: How to determine the price of a product in bitcoin
by
milewilda
on 16/12/2016, 15:27:05 UTC
We all know that bitcoins price changes quickly because of its demand So if some online shop sells products and pricing it in bitcoin,
How can we price it ? Should the price change also like btc?
If you are building a business regarding on having bitcoin payments or prices then its quiet a bit of hassle.You could do both options ex. setting the exact amount of bitcoin on exact dollar price that you would like to put the risk of having profit or negative is always there thats why make some allowances ahead on profit but dont put too much since it would be already expensive just put up a competitive price.Actually i cant illustrate furthermore because i dont have any intentions to have business out of bitcoin because of fluctuations.