Post
Topic
Board Bitcoin Discussion
Re: How to determine the price of a product in bitcoin
by
noictib
on 18/12/2016, 01:37:24 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?
No , But with the change in the price of Bitcoin you need to change the price of products in your shop .
Simply arrange the price of your product in doller . You should always put the price such that , at per product you will make atleast $0.5 .
Every time you needs to set your own rate for the Bitcoin and product to sell it ( don't leave any calculator for your customers , because this will result into confusion for them with fluctuations of price ) .