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SweetSats19d ago
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 😉
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Purple Painter19d ago
This is the way I price my paintings. 21k sticky price. One day it will get you a nice canvas painting, today it’s on paper. I have gotten far less commissions even though the price has dropped by about half. I also haven’t been promoting as much.
0000 sats