I see only three good reasons for a merchant to hold reserve in bitcoin: 1) pay ... | Hacker News

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jbondeson on April 30, 2014 | parent | context | favorite | on: Bitcoin Price Pressure

I see only three good reasons for a merchant to hold reserve in bitcoin: 1) pay their employees, 2) pay their suppliers, or 3) good old speculation.

When you start to see large suppliers get into the market then you'll start to see a decrease in immediate conversions.

natrius on April 30, 2014 [–]

In emerging markets, holding bitcoins can be less about speculation and more about preventing one's savings from losing value. It's all relative.

philrapo on April 30, 2014 | [–]

Holding USD is the standard way people in emerging markets prevent savings from losing value.

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