Post
Topic
Board Economics
Re: Why would sales in Bitcoins decline on Overstock?
by
Undone
on 03/06/2014, 18:04:29 UTC
I believe most people would rather hold onto their bitcoins and just purchase goods with cash simply due to the fact that the bitcoin value can skyrocket at any time and that $1,000 tv you just purchased for 2 BTC would be $2,000 worth of BTC or more in a short period of time. Cash doesn't fluctuate in value like bitcoin does.
This. This is the real, sensible answer.

Add to the fact that the coins are typicially just immediately dumped, and it's a no-brainer.