Living on the Bitcoin Standard

[bitterguy28]

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

It is great that merchants that accept BTC as payment give discounts to customers that are willing to pay with BTC. Doing that will encourage customers to pay with BTC, though it may not be much, because BTC will be a store of value rather than a currency for most, but it is still a great gesture by merchants.

at first i thought maybe this could be detrimental to merchants because they might be losing money with the discounts but honestly upon more consideration i realized it is only right i mean if the original price or price in fiat is already a lot lower than that of the price of bitcoin then it would only make sense if they had to sell it accordingly i am sure they would still have some extra profit

[joniboini]

-snip-

I believe some merchants liquidate their crypto asap to fiat to avoid volatility to avoid the risk you mentioned. Some of them do hold Bitcoin or crypto because they speculate that the price will increase in the near future, but most of them can accept the loss if they need to hold a bit longer. I doubt any successful business can survive the bear market if they don't plan and mitigate the risk to begin with. They can offer discount probably because they run their own payment gateway too. CMIIW.