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

Thread starter beeteecee
Start date Dec 14, 2013

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beeteecee

New Member

Silver Stacker

Dec 14, 2013

#1

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?

goldpelican

Well-Known Member

Silver Stacker

Dec 14, 2013

#2

Pretty much.

Earthjade

Member

Dec 14, 2013

#3

Don't worry.
The only thing people are buying with Bitcoin at the moment is Litecoin.

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beeteecee

New Member

Silver Stacker

Dec 14, 2013

#4

Earthjade said:
Don't worry.
The only thing people are buying with Bitcoin at the moment is Litecoin.

It wouldn't appear so.

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.

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