Post
Topic
Board Bitcoin Discussion
Re: Are you all idiots? ...or what?
by
zoukenn
on 24/10/2014, 18:06:10 UTC
99.9% of the time, paying with bitcoin goes through a payment processor such as bitpay, bitpay instantly sells your bitcoins for FIAT hence putting sell pressure on the market. So basically if people take your advice right now and start buying products with bitcoins, the price will fall.

Yes of course. 99,9% of store which accepts bitcoin for payment converted instantly bitcoin to fiat and with this they exercise much pressure to market.