Quote from: patvarilly on July 19, 2011, 05:12:37 AM

Quote from: hugolp on July 19, 2011, 05:01:07 AM

No. Read what I wrote. Merchants, real merchants selling stuff, are reporting increasing sales when the value of bitcoins goes up. The theory that people dont buy because the price of money goes up is a myth.

I've heard an argument like this before, but have never been able to get my hands on real data (I've asked but gotten no reply). Can you post a link to the numbers that back this statement up?

There are no official numbers. It was reported by merchants in the forum whether you want to believe them or not i sup to you. But I dont think they would report something that hurts their sales.

Also, you have data of price deflationary periods in history when investment and consumption went up.