Post
Topic
Board Economics
Re: Dont believe on sale
by
whyrqa-1
on 20/07/2019, 14:00:50 UTC
I think it's wrong to compare some products with Bitcoin.  If the price of shoes or clothing falls, then this is done in order to sell an already outdated product.  But if the price of Bitcoin has fallen, then something is wrong on the cryptocurrency market.  It seems to me that these are two different things that need to be very carefully separated.
Sales are everywhere. Sale on shoes, bags, shirts, gadgets and everything. Malls and shops use this technique to attract buyers, but you know what?  Do you think you've been discounted a higher price than ordinary? No. Instead of saving 20%, you spend 80% on things you dont really need. This is not economical and most of us are easily lured to it. This is what i hate about people. When there's useless trending items on sale, they buy immediately even on credit cards but if bitcoin drops, they talk negative about it. Normal mindset wants to get temporary attention. Not permanent comfort.

Discounts are greatly overvalued. I agree with you that many people, because they do not have high incomes and are not able to afford anything at any time, fall into a kind of discount madness, buying up everything they don’t need.
I think it's wrong to compare some products with Bitcoin.  If the price of shoes or clothing falls, then this is done in order to sell an already outdated product.  But if the price of Bitcoin has fallen, then something is wrong on the cryptocurrency market.  It seems to me that these are two different things that need to be very carefully separated.