Post
Topic
Board Bitcoin Discussion
Re: shopping with BTC
by
adzino
on 06/12/2017, 22:12:59 UTC
If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?
It's not the seller who sell the bitcoin right away. They use some third-party gateway who accepts the bitcoin and pays the vendor in fiat or traditional currency. So i guess the third-party holds the coin for themselves, thus not affecting the price of bitcoin.