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Bitcoin Discussion
Re: Merchants that accept Bitcoin and settle in USD are driving the price down
by
Patel
on
10/01/2014, 02:04:32 UTC
Quote from: BittBurger on January 10, 2014, 02:03:15 AM
Quote from: Patel on January 10, 2014, 01:16:46 AM
The problem with this is that it drives the price down.
using Bitpay or Coinbase, and settle in USD, they are just driving the price down.
You realize that you completely failed to explain why they're driving the price down, right?
-BB-
Because they sell the bitcoin to cover the cost to pay the merchant in USD