Post
Topic
Board Bitcoin Discussion
Re: New York wants to regulate Bitcoin
by
BTCisthefuture
on 31/01/2014, 12:51:33 UTC
Price seems pretty stable to me at 950. Until the next ramp if course.  Cheesy

Yes, I was thinking if Amazon allowed payments, then flux; but I expect that would happen parralleled by easy options to everyone to buy coin.


If they don't offer any kind of difference on the price why mainstream people will trade fiat for BTC pay the commission and buy the item they want. I still thinking its needed any economic attractive to the mainstream people. 

This is correct, it's still not practicle for most people to shop with bitcoin, it's actually more expensive for the consumer. Typically people who buy things with bitcoin are spending profits they earned from the exchange rate going up or that they earned from minning.

Bitcoin already has big positives for things like merchants and things like international remmitence. consumers using it at a store though, not so much. Unless you've made profits off of bitcoin.

Will be interesting to see what if anything can be done to make it so consumers would want to buy bitcoins to spend them. Or maybe there's simply enough people who will buy bitcoin and hold them and then spend profits that thats still enough to create a decent sized amount of consumers using bitcoin. who knows.