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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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How do Bitcoin retailers manage risk given the volatility?
Given the higher volatility of Bitcoin, how can such a business operate? - When a client comes to exchange say canadian dollars for Bitcoin, once completed, does the retailer immediately log into their online exchange account and offset the transaction? In other words, if the retailer charges a 6% markup on the spot price, as soon as the transaction is completed, does he close his exposure right away? - If they wait until the end of the day, allowing the business to benefit from the buyers of BTC and sellers of BTC, offsetting each other and only settling the difference at the end of the day on an online Bitcoin exchange, this involves considerable risk (Bitcoin might of moved a few percentages intraday...maybe by more than the retailers markup). Is anyone familiar with the risk model?
How do Bitcoin retailers manage risk given the volatility?
Given the higher volatility of Bitcoin, how can such a business operate?
When a client comes to exchange say canadian dollars for Bitcoin, once completed, does the retailer immediately log into their online exchange account and offset the transaction?
In other words, if the retailer charges a 6% markup on the spot price, as soon as the transaction is completed, does he close his exposure right away?
If they wait until the end of the day, allowing the business to benefit from the buyers of BTC and sellers of BTC, offsetting each other and only settling the difference at the end of the day on an online Bitcoin exchange, this involves considerable risk (Bitcoin might of moved a few percentages intraday...maybe by more than the retailers markup).
Bitcoin retail traders have a lot to lose if this happens
This post was originally published on this siteThis post was originally published on this siteMicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull […]
Who’s Buying Bitcoin? Retail Demand Expected to Double by 2024 Halving
The latest research from ZUBR derivatives exchange published June 29 found that participation from retail investors is increasing despite the longstanding narrative that institutional adoption would be required to propel crypto prices higher. With the recent halving being nothing more than a distant memory and Bitcoin (BTC) price lingering in the $9,100 range, the current […]
Bitcoin retail traders account for 96% but 'professionals' hold sway over market
After four or five years of Bitcoin’s existence, it achieved a wider exposure from retail investors. A decade later, retail investments in the Bitcoin market are still huge. According to the latest Chainalysis report on Bitcoin market data, most traders were retail. Chainalysis describes retail traders as those who deposit less than $10,000 worth of […]
Open Bitcoin Store: More than 30 new free bitcoin-enabled stores were launched since our new wizard made it a twenty second effort. You can now become a bitcoin retailer for free, today.
OpenBitcoinStore is a not-for-profit, community driven effort to equip anyone who wants with a bitcoin enabled online store. We host the stores for free and have built a wizard that makes it incredibly easy. Our primary audience is a non-technical person who want to start earning bitcoin by selling products or services. Since bitcoin is not an easy technology (yet), we set out on a mission to make it trivial for everyone. The end result of that effort was the launch on Monday of a Store Wizard, that makes it completely trivial. Here's a screenshot of the wizard: http://i.imgur.com/CXchyQ9.png As you can see, all you need is to pick a store name, title, subtitle and give us your email address. Nothing else, no credit cards, addresses or personal information. Click "Launch" and less than 20 seconds later you can open your store's login page and log in as the administrator. OpenBitcoinStore is a lot more than just a launch wizard though! We offer guidance and instructions for each step of the process, helping you create products, price them and sell them. More importantly, since the beginning of this project, we have become a community of store owners and volunteers, helping each other with advice, support and encouragement. Every day, several store owners and volunteers hang out on our IRC channel #openbitcoinstore on freenode, and help each other. Since Monday, 37 stores were created with the Store Wizard. Not all of them are public or listed in our directory yet, they are still being "stocked" by the owners, adding products and pictures and text. But each day, this project brings out more and more bitcoin entrepreneurs creating a community. We hope you will join us in this effort. If you want to open a store, you could be started in less than a minute. Visit our site at openbitcoinstore.com. Our entire operation is funded exclusively by donations, so please donate if you think this project is a positive force for the bitcoin community. Join us!
[uncensored-r/Bitcoin] Retailer Overstock mixed up bitcoin and bitcoin cash, letting customers buy items at a steep disc...
The following post by rmvaandr is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7perrj The original post's content was as follows:
An American online travel agency, established in 1989 has started accepting Bitcoin through Coinbase and later on changed their payment processor to BTCPayServer. Gyft. Buy & send gift cards online for retailers like Amazon, Starbucks, and iTunes. The company accepts Bitcoin as payment without any additional fees. NewEgg Regardless, and especially for larger transactions, Bitcoin has remained a frontrunner for the cheapest option. Although Bitcoin has matured, so to speak, its volatility in particular still remains a contentious issue. It’s understandable that retailers and merchants would prefer a risk-averse approach when it comes to their profitability. When a Bitcoiner is asked who accepts Bitcoin, then very often Overstock will be the first company to come to mind. In January of 2014, Overstock became one of the first retailers worldwide to start accepting Bitcoin, which its users can still use today to buy any product on the platform. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Note: You can also use Spendabit to find places to buy most items with Bitcoin. Major Retailers Microsoft. Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014. They temporarily took a pause from accepting it due to the volatility and now again are accepting it strictly for the Xbox store credits.. Bill Gates has commented on Bitcoin many times saying things such as ...
The Bitcoin News Show #108 - Retailers loving BTC, Delisting assets, Bitcoin ecosystem grows
Overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. The company allows its customers to pay for everything from laptops and television sets with bitcoins. Australia is allegedly home to over 400 physical stores that accept Bitcoin (BTC) and Lightning Network as a payment option. This was found to be a complete lie, as our investigation into ... Crypto Investing #119 - The Truth About The Bitcoin Ban In Vietnam - By Tai Zen - Duration: 18:59. Cryptocurrency Market 1,370 views This is day 2 of the Payments Race, traveling using solely bitcoin, not converting in fiat. I stop in Ho Chi Minh City Vietnam, it was a very different landscape for bitcoin than what I had ... Those taking the digital money include clothing store Nordstrom, grocer Whole Foods, and movie chain Regal Cinemas. The move is thanks to a new deal between payment network Flexa and digital asset ...