People are definitely spending waaay less with lower exchange rates as their sats don’t go as far as they were used to before.
Strange though because in fiat terms, my prices are at nearly 50% discount from only a few months ago, but we are seeing very few sales comparatively!
When we first started out two years ago I listed products priced in sats roughly equivalent to what we sold the same goods in our local market. As price of Bitcoin increased, I adjusted price in sats down over time. However, as exchange rates have declined over the past few months we have not adjusted back in the other direction! As long as I can cover costs I am OK offering customers a deep discount and hodling the sats indefinitely.
Idk if this strategy works over long term, tbd!
1 BTC = 1 BTC 😉