Does buying things with bitcoin negatively impact it's value?

Discussion in 'Digital Currencies' started by beeteecee, Dec 13, 2013.

  1. beeteecee

    beeteecee New Member Silver Stacker

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    If you buy something with btc, many companies (or bitpay or whoever) would dump it straight away to avoid exchange rate risks wouldn't they?
     
    beeteecee, Dec 13, 2013
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  2. goldpelican

    goldpelican Administrator Staff Member

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    Pretty much.
     
    goldpelican, Dec 13, 2013
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  3. Earthjade

    Earthjade Member

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    Don't worry.
    The only thing people are buying with Bitcoin at the moment is Litecoin.
     
    Earthjade, Dec 13, 2013
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  4. beeteecee

    beeteecee New Member Silver Stacker

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    It wouldn't appear so. :p
    http://www.cryptocoincharts.info/v2/pair/ltc/btc/btc-e/today

    I tried buying a copper morgue-anne on ebay using a btc payment service today. Not sure if it's worked yet.
     
    beeteecee, Dec 13, 2013
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