Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: How to determine the price of a product in bitcoin
by
BlockEye
on 18/12/2016, 23:33:47 UTC
Quote from: MMA on December 18, 2016, 06:27:42 PM
Quote from: BitFinnese on December 18, 2016, 03:24:23 PM
Quote from: RealEstCoin on December 18, 2016, 01:10:41 AM
Quote from: Wandering Soul~ on December 15, 2016, 03:33:27 PM
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?
The best way is to fix the price of the item or service in fiat values. This ensures that the payment will always for the full amount, regardless of the pricing of bitcoin fluctuating.

I agree on this, putting the value of the item in fiat will guarantee that  you won't get bankrupt or overcharge due to Bitcoin price change,  After setting up prices you can then get some BTC to USD convert reference and use some of plugin that convert the price to current bitcoin to usd exchange. 
yes i think that is the only solution to compare the product of the object with with USD and then it will be easy to buy or sell an object in bitcoin, as you have only to convert it into USD to determine the amount of bitcoin for buying that object.

Exactly it is the only way to price any items. Any shops will just do it since the buyers know really through Google the value of some items. If it will be based in the increase of btc . The amount of the item can be doubled as its value that no one will buy it. So there's no other option but just use the USD or their country's currency then convert in btc.