Post
Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 27/08/2020, 13:23:51 UTC
The unsold name price is an interesting one. My first reaction is to state that prices will be reviewed on the first of the month, and may increase with a drop in the value of Bitcoin. That leaves me with an unstated option to decrease the priceif Bitcoin drops. It couls also provide a stimulus for a potential customer to arrive at an early buy decision. There is also the problem of holding a price for a few days whilst the transfer is completed. If Bitcoin makes a hockey stick movement, this could be a problem. Maybe I should restrict the offer to 3 days maximum. If the price drops, then I don't mind taking the notional loss, as I believe that Bitcoin will soon recover after such a drop. The bigger risk is the buyer dropping out if he hasn't picked up the Bitcoin in time. There isn't much I can do about that though. The margins are brilliant, and give a lot f room for negotiation. If you pick up a name for $8, and renew it a couple of times, then you are in the hole for less than $25. Selling it for $2,500 gives you a comfortable cushion.