- Nov 29, 2020
- 1
- 0
Hi, I am new to bitcoin but am very excited about what I am learning. I see the beauty of shopping with bitcoin as a way of continuing the practice of hodling. However, I am curious about the prices of goods in bitcoin vs the dollar. My question really is: how can we accept the price of goods to be quoted for the dollar when we are paying with bitcoin, which has a different value.
In fact once the transaction is complete, the price of btc may go up or down the next day, not to mention, way up in the future. So, why are we ok with allowing prices to be determined by a fixed dollar amount that is also responding to inflation, which will eventually not be an issue if btc takes over.
Am I missing something or is there a plan for this that I don't know about?
Your enlightened answers are much appreciated.
In fact once the transaction is complete, the price of btc may go up or down the next day, not to mention, way up in the future. So, why are we ok with allowing prices to be determined by a fixed dollar amount that is also responding to inflation, which will eventually not be an issue if btc takes over.
Am I missing something or is there a plan for this that I don't know about?
Your enlightened answers are much appreciated.
