<p>There is a simpler option than to re-tag your products every day to keep up with ever changing prices. You could denominate the products in USD/EUR/... and advertise that you are accepting Bitcoin. Then you update your point-of-sale software to be able to do the USD/EUR/... to Bitcoin conversion on the fly, with regularly updated exchange rates. This way you always keep up to date, can give information on the current price in Bitcoin and accept Bitcoin payments, all while keeping the price tags stable.</p>

CC BY-SA 3.0
2013-12-02T10:34:56.183Z
Maybe You are a genious :) Thx
David2013
CC BY-SA 3.0
2013-12-01T16:40:57.707Z
2013-12-01T16:40:57.707Z
cdecker
<p>For now, price your goods in fiat currency (USD, EUR). Bitcoin is good for 1) payment solution 2) market promotion tool.</p>

<p>Take bitcoin as accepted payment method. See it as a special payment method, comparable to credit card, Google Wallet and so on.</p>

<p>If you want to show BTC price next to an item there are digital price stickers which can be updated real time. The largest IT retailer in North Europe, Verkkokauppa.com, uses them for EUR based pricing:</p>

<p><a href="http://www.alibaba.com/showroom/digital-price-tags.html" rel="nofollow">http://www.alibaba.com/showroom/digital-price-tags.html</a></p>

<p>You need to have a special software solution which pulls in market data from a site like Mt.Gox, bitcoinaverage.com and updates price tags to show BTC prices based on USR/EUR&lt;->BTC conversion rate.</p>

<p>As you can see, it might not be worth of the hassle, as people cannot read complicated BTC prices any way. Just use Bitcoin as the payment solution.</p>

<p>There are also signs for bitcoin payment accepted:</p>

<p><a href="https://www.google.fi/search?q=bitcoin+payment+accepted&amp;client=firefox-a&amp;hs=Bsl&amp;rls=org.mozilla:en-US:official&amp;channel=fflb&amp;source=lnms&amp;tbm=isch&amp;sa=X&amp;ei=y0-cUo_MOLCPywPy_YCwAQ&amp;ved=0CAkQ_AUoAQ&amp;biw=2154&amp;bih=1277#channel=fflb&amp;q=bitcoin+accepte+neon&amp;rls=org.mozilla:en-US%3Aofficial&amp;tbm=isch" rel="nofollow">https://www.google.fi/search?q=bitcoin+payment+accepted&amp;client=firefox-a&amp;hs=Bsl&amp;rls=org.mozilla:en-US:official&amp;channel=fflb&amp;source=lnms&amp;tbm=isch&amp;sa=X&amp;ei=y0-cUo_MOLCPywPy_YCwAQ&amp;ved=0CAkQ_AUoAQ&amp;biw=2154&amp;bih=1277#channel=fflb&amp;q=bitcoin+accepte+neon&amp;rls=org.mozilla:en-US%3Aofficial&amp;tbm=isch</a></p>

CC BY-SA 3.0
2013-12-02T09:17:28.190Z
2013-12-02T09:17:28.190Z
Mikko Ohtamaa
<p>I am thinking of making a shopping mall based on Bitcoin payment system.</p>

<p>But, as you all know, bitcoin market price experiences sudden rise and drop nowadays and It will also continue to fluctuate in the future.</p>

<p>In this situation, how should I make my shopping mall using Bitcoin ?</p>

<p>Existing malls using Bitcoin are accepting that ? </p>

<p>I have to change my product prices every time the market price of Bitcoin such as MTgox and BTC-e is changed ??</p>

<p>Does anyone have an idea about that?</p>

<payment>
about bitcoin market price for a shopping mall
David2013
# about bitcoin market price for a shopping mall

(Asked by: username_0 on 2013-12-01)

I am thinking of making a shopping mall based on Bitcoin payment system.

But, as you all know, bitcoin market price experiences sudden rise and drop nowadays and It will also continue to fluctuate in the future.

In this situation, how should I make my shopping mall using Bitcoin ?

Existing malls using Bitcoin are accepting that ?

I have to change my product prices every time the market price of Bitcoin such as MTgox and BTC-e is changed ??

Does anyone have an idea about that?

**Tags:** payment


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## 2 answers

### Answer by username_1 on 2013-12-01. Score: 2

There is a simpler option than to re-tag your products every day to keep up with ever changing prices. You could denominate the products in USD/EUR/... and advertise that you are accepting Bitcoin. Then you update your point-of-sale software to be able to do the USD/EUR/... to Bitcoin conversion on the fly, with regularly updated exchange rates. This way you always keep up to date, can give information on the current price in Bitcoin and accept Bitcoin payments, all while keeping the price tags stable.

> **Comments:**
> **username_0**: Maybe You are a genious :) Thx  

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### Answer by username_2 on 2013-12-02. Score: 1

For now, price your goods in fiat currency (USD, EUR). Bitcoin is good for 1) payment solution 2) market promotion tool.

Take bitcoin as accepted payment method. See it as a special payment method, comparable to credit card, Google Wallet and so on.

If you want to show BTC price next to an item there are digital price stickers which can be updated real time. The largest IT retailer in North Europe, Verkkokauppa.com, uses them for EUR based pricing:

<http://www.alibaba.com/showroom/digital-price-tags.html>

You need to have a special software solution which pulls in market data from a site like Mt.Gox, bitcoinaverage.com and updates price tags to show BTC prices based on USR/EUR<->BTC conversion rate.

As you can see, it might not be worth of the hassle, as people cannot read complicated BTC prices any way. Just use Bitcoin as the payment solution.

There are also signs for bitcoin payment accepted:

<https://www.google.fi/search?q=bitcoin+payment+accepted&client=firefox-a&hs=Bsl&rls=org.mozilla:en-US:official&channel=fflb&source=lnms&tbm=isch&sa=X&ei=y0-cUo_MOLCPywPy_YCwAQ&ved=0CAkQ_AUoAQ&biw=2154&bih=1277#channel=fflb&q=bitcoin+accepte+neon&rls=org.mozilla:en-US%3Aofficial&tbm=isch>


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