Imagine the following: You bought a Reaper NFT for 0.05 BCH. At the time, the price of 1 BCH = $300. So the NFT theoretically cost you $15. You then put the NFT up for sale on oasis.cash for a fixed price of 0.06 BCH. Imagine that after one month the BCH fiat price rises from $300 to $600. Your NFT now costs $30. Would you now put your NFT up for sale on oasis.cash for only 0.04 BCH? You could get the equivalent of $24 for it, which is $9 more than you paid. But it would be a loss of 0.01 BCH because you bought it for 0.05. Think about it and give me your answer.
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5 comments
Of course not. The whole reason for me to deal in BCH is to get rid of the relevance in concept of fiat. So does not matter the market price of BCH , I would always judge the price in BCH
In term of NFTs, everyone calculate BCH price. I will never sell below the price (In BCH) I bought. Whatever the BCH price is.
And so you have to think about everything you bought with BCH, NFT, other tokens and even fiat.
I have 2 Reaper and i will never sell them below 0.1 bch 😁
So it means the last reaper i sold will be worth equivalent of 24$ for 0.04BCH P.s: it was sold for mistakenly otherwise i would never sell anything below it's minting price, BCH matters not USD.