How is the dnm business when bitcoin price skyrockets like this?

Do you buy more hoping to "cash out" at a profit or wait for it to raise even more and don't buy at all? I bought at $400+ and is good to be able to buy almost double but from the other side if it's $1000 in few days i'll be missing on $300 of extra merchandise.

ah choices, choices.....


Comments


[13 Points] ag0risthooawayyfoe:

Were you around in november 2013? Nothing good ever lasts, this is a bubble imo. I do think vendors and marketplaces understand this and I expect a lot of exit scams, pure speculation but like I said it's just my opinion.


[3 Points] Theeconomist1:

From a commerce perspective volatility is not good. Buyers and sellers aren't interested in gains (or losses) from btc fluctuations. It's the same problem that arises from international trade where goods sold are in one currency and the purchaser is in another country (exposure to currency exchange rate). Most businesses do not want exposure to exchage rate volatility.

So while increases are nice for holders, this sort of volatility is not good overall for commerce.

As a buyer I don't let the pricing determine my purchasing habits. Another commenter here said to leave the speculation to the traders and I tend to agree with that statement


[3 Points] papayabananatree:

Unless you're a trader or a holder (holding coin in cold storage) I wouldn't try to profit off this. It's not stable enough for it to really be safe. I think we probably have hit bubble/fomo area, but I still think a lot of the increase we've seen is sustainable. In any case, the problem of wanting to wait for the currency to rise is a classic inflationary problem in economics. That's exactly why central banks attempt to maintain inflation - if there's deflation consumers will be discouraged from spending as they want to hold on to their money since its value is increasing. As consumers across the economy act like that, consumption falls and the economy suffers.

Also keep in mind that if a lot of people like you hold BTC rather than spending it (aka speculation), that could contribute to the price rising in an unsustainable manner. Part of why I think we've hit bubble/fomo point is because there are posts like this on a sub not usually interested on bitcoin trading talking about speculation


[1 Points] Intothekhole:

$700 rn!


[1 Points] mejuwi1:

goood lmao.
i have a wallet with coins from a refund when the price was $350 not too many months back and now im gonna afford like 3 times my product haha


[-2 Points] Vendor_BBMC:

The business is the same, whatever the price of bitcoin. But one morning I woke to find my mobile phone had become $1000 more valuable than when I went to bed.


[-3 Points] None:

Shit is crazy ! Last month 1000$ got me a bunch of shit now the fuckers on LBC are up to 900 dollars to trade smh ! Back Circle and coin base . Shouldn't have never left