Bitcoin Forum

Bitcoin does not work because people do not trust to buy things with bitcoin. I have a site running now for 5 months selling precious metals, made plenty of sales with credit card, bank transfer, no problems but not a single bitcoin purchase!

What is the point in bitcoin again?

Hmm, perhaps Bitcoin folks don't want precious metals; unlike non-Bitcoin folks that don't know that Bitcoin is better than precious metals.

FTFY.

I get your point, i haven't sold a single hosting package with bitcoin... Eventough my site gets a reasonable amount of traffic, nobody uses bitcoin to buy...

In the user's defence: my layout isn't that great, and i don't have contact info... but since my prices are low, i would have assumed some people would be interested... :(

That's pretty much ridiculous. If I was going to buy something that needs to stay online 24/7 and I don't even have a contact info, whats the purpose?
You can simply shutdown and I won't be able to complain neither get my money back.
The (low) price doesn't pay the risk, everyone should already know that.

I want gold. I go to your site.

I can either pay with a credit card which costs me nothing or I can spend my Bitcoin of which there's a strong chance I've lost money on at this stage. If I want to replace the Bitcoin I've spent I have to pay fees to buy it again. Er, let's go credit card.

People might diversify into gold with it if they received a good rise in value. Other than that there's no incentive to use it.

Bitcoin is good for hodling and hoping for Bitcoin to reach $10000.

It is not meant to be spent and used as money.
Also with Credit Card, you got good consumer protection. With Bitcoin you do not.

Bitcoin is to replace gold.

That is probably because people who have bought through your site don't even know what bitcoin is. Bitcoin is still going mainstream, there are still a lot of people that doesn't know about it. Furthermore, many people still don't know how to get bitcoin...
More and more people are joining and it is just a matter of time for bitcoin to become a global currency standard.

Trust comes with time, and bitcoin does work.

Bitcoiners can send any amount of bitcoin around the world  in 10 minutes for a few cents. Tried sending gold threw the post ? Haha.

Private keys can be encrypted with a password, so unlinke gold, Bitcoin is much more resistant against theft.

You understand now ? Since Bitcoin overpowers and disrupts gold in every aspect, why would Bitcoiners buy gold ??

The group of people using bitcoin and visiting your site is probably a very small percentage of the total buyers on your site, the most common reasons have allready been explained, buying with credit card has more securities for the buyer and is cheaper. Buying into bitcoin is an investment for most, just like buying your metals is. Not many people will buy your gold with silver?

But still, the group of people worldwide using bitcoin is very very small, the chance of them buying something at your site is even smaller. But do not fear, spread your business and make it clear that you accept bitcoin, starting a topic here is a good start, create awareness, make the non bitcoin users aware there are shops that accept bitcoin, even though is does not have any effect for you, you do make that little change within the bitcoin community and there one day will be that first bitcoin/gold tranfer you hoped for and it will feel good!

But you cannot put Bitcoin into your asshole.
So if you are in jail and need to buy things, it is better to have a few ounces of gold in your asshole to purchase stuff in prison.

In my opinion, bitcoin is great because of it anonymous nature... It protects the identity of both the seller and the buyer.

True, the reason you've stated here is probably the main cause why i didn't sell any packages, still it makes me wonder why nobody buys something this cheap. Sure, they don't trust me... But i don't think a silkroad user trusted the drugsdealer he was buying weed from either, and he didn't have his contact info either to complain when he wasn't getting high... (i'm not condoning illegal behaviour here, just making a point).

The price of my basic package is $2.5/month without a coupon, and about $1.5/month with coupon. What's the worst that can happen? I can close the service after 2 weeks, and you got ripped off for 75 cents... But after your scam report, i'll never sell a package ever again, so i would basically have spend several hours setting up a server + several bucks for a domainname to rip somebody off for 75 cents...

You are certainly entitled to your opinion, and i respect your view, but i find it strange that my packages got over 1500 views and not a single buy using bitcoin...

Lots of Bitcoiners are into gold. It doesn't move me personally but plenty of folks have a balance of both.

What possible use is gold in jail? It just sits there are twinkles. Drugs or cigarettes will get you the stuff you want.

Bitcoin work, but the problem is that your site is not very popular among BTC users  ;D Start to advertise it in BTC users sites and your sales in BTC go up  ;D

I think that the fact that now a bitcoin is quoted around $ 200 does not push their owners to spend it....

Most people see Bitcoin as an investment, just as precious metals are. So a site selling Bitcoin will probably have more potential.

As a cam girl I think that's why big box sites did away with btc. They probably saw that there are far too many people afraid to use it or don't trust enough to send it that they'd do better to just keep their focus on Visa/MC etc. It's the same thing with one business I'm in. I signed up and I have about 250 referrals that all came from a btc ptc site. I was ecstatic at first but then I realized not one of them has even put a few btc in to get it going. 99% are all hoping they're going to profit off of that 20 euro promotion without putting a dime or even a btc in. The rest have stated they'll deposit money from a credit card or do a wire but btc ? Nada.

Duh, I would but it would be disrespectful on my SO.

Keep it up, I think in your case it's a matter of getting the right visibility. For other kinds of txs it just doesn't make much sense at the moment.

Well I think a lot of it has to do with what you sell, perhaps people find Bitcoin more valuable than what you sell, so why on earth would they purchase something that will one day not be worth as much as what they paid for.

This could be interesting with a lot of what Bitcoin has to offer, people don't want to spend their coins on anything because if the value goes up, what they bought at that time will not be the same price in the future.

If someone uses some of their Bitcoins to purchase something and then they want more Bitcoins, it's no big deal, they can just acquire more Bitcoins.

You make it sound so easy, if I were to spend .5 coins, it would take me a long time to get those coins back.  How do you make so much Bitcoins if you are able to spend it and just get more, please elaborate I would love to earn more Bitcoins..

Bitcoin is working exactly as it should. Things work according to "supply and demand." By supply and demand, I don't limit it to trading only. what I mean is, water seeks its own level. Water runs down hill, and finds the easiest path down. People do it the easy way.

Bitcoin is beta. When you are talking about something like a worldwide currency, you are talking getting all the problems solved before you dump it on people as something that absolutely works. As we can see from the block size disagreements, Bitcoin isn't fully worked out yet.

People will do what they think benefits them. When Bitcoin shows more benefit, it will be used more.

Bitcoin works. It's just that people don't see the value... yet.

:)

Maybe you got the customers who just don't know anything about bitcoin.

But does it care?? Do you run a business to get profit or to sell stuff for bitcoin? Just keep the option to pay with Bitcoin and maybe someday people are getting using it.

At the other hand lots of people buy gold for investments just like bitcoin. Why could they buy a investment with a other?

From what I've seen (and my own mentality) no one wants to spend Bitcoins. There is a hassle to obtaining Bitcoins, and therefor there is a premium. The cost of paying for a $10 thing with cash, credit card, paypal, whatever is $10. The cost of paying with Bitcoin is substantially higher due to the time you put in when trying to obtain the Bitcoins. The only time I see people buying a lot of things with Bitcoin is after a price surge.

Its like if a store accepted Cash, Bitcoins, and Gold/Silver. No one would pay with Gold/Silver unless they had to, because $10 worth of silver will actually cost something like $12 or better due to the minting premiums. Same idea with Bitcoin, though it has more to do with difficulty of obtaining, so why not use your useless cash?

If the OP wants to "send the gold first" then maybe someone would offer to pay for it with an irreversible payment system like Bitcoin. :D

Oh, perhaps you shouldn't spend money (Bitcoins or any other kind) if you can't afford it.  I've never "earned" any Bitcoins even once.  I have only ever been given gifts of Bitcoins and I have bought them.  How did you earn yours?

I was just saying that you make it sound easy to get coins, I don't spend them if I can't afford them.  I didn't mean to push buttons I was just curious if you had a good way of getting coins because you sounded so easy about it.

Bitcoin crew does not believe in precious metals because they know what is the most precious commodity today.... ;)

It is too much trouble for the average person to buy bitcoins.  Look at the GUI on most exchanges  - way too complicated! Then wait an hour for confirmations!? When the onboarding process is super simple and fast and convenient, things will begin to change. Circle understands it. Nobody else does.

May be if you offer other than precious metal, people may rush to buy with bitcoins.
But there is a modern saying among bitcoin community. Only stupids spend bitcoin now itself. So, everybody want to be wise.

The time has not come yet. To spend bitcoin, you must first have bitcoin, and then hold it for several years until its value doubled many folds, and then you start to spend a small part of it

And as long as exchanges exists, people can always sell for fiat money and then spend fiat money more conveniently. The only people who has to spend bitcoins are those who are traveling abroad and lacking a good means of access local fiat currency

You do not have to wait, spend it, enjoy it. Just yesterday I ordered some sushi, it was a nice meal and I would not have spent my fiat on it, because I thought it was a bit expensive, but the bitcoins I have acumulated I use to enjoy things in life I normaly would not buy with my fiat money, I have a small income, and earn bitcoins on the side, just for fun. I do have the luxury I can order food via a trusted company using bitcoin. I can hold my coins and see them grow or shrink, whatever comes in the future, or I could enjoy my life and enrich it with the use of bitcoin, that is what I do. So besides me, there are other people spending bitcoin, would be nice to have some statistics to show how many orders from 'takeaway.com' are paid in bitcoin.

not not believe the purchase with bitcoin, but still many people who do not know how to use and get it, maybe it is a major problem that will be faced by beginners, because so many coins are almost the same as bitcoin that make people confused

Do you offer ESCROW sales?
If not, then maybe you should consider doing so.

it's not that they do't trust to buy things, they don't trust bitcoin itself, its volatility, its security, all things that are against what the average people want

they don't want to take care about other things other than the best simplicity they can have when they do a payment

Exactly! ... and what will be the most precious commodity tomorrow.)

Ever heard of that Bitcoin is like digital gold? There are many Bitcoin holders who see their stash as an future investment and as a store of value. With Bitcoin moving all around the globe is pretty easy. How do I do that with a gold bar?
Furthermore Bitcoin is still used by maybe 500k-1 million active users. That's not really much.

You should promote it well and should offer some percentage of discount to those who will buy with Bitcoin.Usually people buy Bitcoin as investment and want to hold for some period and other use of bitcoin is transfer of money.In near future you will surely have clients which will prefer to buy with Bitcoin.

We still make sales with BTC, although it has slowed down compared to the early days. Many people are hoarding, but also remember, there is much more competition now too.

No one will use Bitcoin ever to buy stuff unless getting paid directly on Bitcoin becomes a thing. Obtaining Bitcoin through buying it is a big hassle that makes no sense when you can already paid for stuff with fiat directly. What makes Bitcoin interesting is not buying the same stuff you can buy with fiat already.

Bitcoin is very young but growing slowly. Bitcoin is not perfect, nor is it competing with perfect.

I use Bitcoin for many different things, and when I spend my Bitcoins I just buy some more using fiat, it is relativly easy for me to buy Bitcoins. That way I can hold my Bitcoins and spend them to. :)

If Bitcoin does not work, then why I was just able to buy 3 games on steam? Let alone the people that has been living off it alone for a couple years now (granted, few people, but some have managed to do most of their expenses and payments on Bitcoin).
The protocol works, that's what matters. In the future more people will use it. We are on the 1990 internet era when it comes to Bitcoin.

It works for me too  ;D

But it may be failing to work for some usages, that's true. In some circumstances it's cumbersome and doesn't make much sense over the alternatives.

One thing I would like to point out here is that bitcoin has the advantage in the area whereby if you are selling your product priced in bitcoin I'm sure you can lower the pricing and put forward a more competitive option for the customer to choose from compared to paying in credit cards which have additional fees involved. What you are matching here is the one-to-one pricing. I'm sure when the customer realized that it's much cheaper paying in bitcoin, I'm sure this will instantly get their attention to using bitcoin to pay.

agree and so much for the potential of crypto for taking out the money changes.  ???


and on the other note at lower then peak people hoard bitcoin not spend it, even a the best of times its rarely used as currency.

No point. It's just an intellectual exercise and an initial experiment of what's coming in a decade or two.  If you don't get it, feel free to leave.  Bye.

Money are used by humans since the dawn of time, paper money are with us for over a 100 years, credit cards are over 50 years old.
Bitcoin is only couple years old, give it time, bitcoin revolution won't happen overnight...

That's not a very good way to promote bitcoin in general and help get mass adoption going.  If businesses are taking the full leap into bitcoin to start trying to implement them in sales and potentially pay employees in bitcoin, there are going to be tons of questions like this one by businesses.  Just to say, "This is what it is, if you don't like it, bye felicia" isn't going to work... we will need to calmly explain everything.

Now going back to OP's concerns, did you feel like you advertise it as much as you needed to on this forum?  Advertising is key, especially on here... there are multiple ways to do this, but I would suggest getting creative.  Think of a way to promote your business to bitcoiners in a very "outside of the box" type of mind set... people on here tend to love that kind of thinking.

Yes and most of them believe in holding bitcoin rather then spending them.They believe that Bitcoin prices will sky rocket in future and they might not get their hands on bitcoin later.

Bitcoin works fine. Just because nobody is paying you via bitcoins isn't a problem with BTC. Maybe you're not promoting your site enough. How many people are using paypal on your site? Do you accept it? I'm guessing not since its so easy to do a chargeback but just because you don't trust it doesn't mean Paypal is broke.

every year merchants loose hundreds of billions of dollars to fraud. because CC is an idenity based system. And identity is impossible to prove online. Bitcoin solves this.

I hardly buy anything for bitcoin.

I cannot buy what I need with bitcoin, and i dont want to go on a shopping spree just for the sake of it.

I mostly use bitcoin as  a hedge agains economic collapses.

As i know most of us arent even exchanging bitcoin into fiat soo why would we buy metals? gold?Why such bitcoin is the future metal digital soo why would we convert our bitcoins into gold?And as people stated with bitcoin we can be scammed very easy no tract to get back money soo once again what did you expected to sell gold for bitcoin,and no garantee that we will get those gold no way no one will send bitcoin as payment ,if bitcoin changes later a reverse option maybe it happens till that moment wont happen.

I buy gold in cash. It doesn't make sense to me to buy gold in Bitcoin when I have to give all my details and these will be linked to my ID if I transfer directly. That's pretty much a disincentive to me to buy gold in BTC.

Currently BTC makes more sense to me for anonymous services, when talking about expenditures.

Gold is bought because it has been successfully used as a medium of trade through thousands of years. Bitcoin, in perspective, is just a relatively new experiment.

Paying in money they dont ask you personal information,i didnt know those ,big problem with bitcoin is there is no way to recover a payment sent,this way anyone could sell gold and scam ,soo makes sense no one buying it with bitcoin.

From what i read here, seems like Bitcoin needs lover price and inflation so people will want to loose it faster then other currencies. IF only in 2014 inflation was 58%. What does people need to trust its stability less is out of my understanding.

Bitcoin doesnt play the pump and dump as others altcoins thats why it has such value,if were a pump and dump it would be dead already,and well being realistic its a market of 3 bilion dollars ,soo needs several persons to make it moove,or in this stages a good news or a bad news,like xt made the community being shared in opionion result droped from the 300 stability value to  200 again.

Firstly I don't, because the people I buy from don't know me and cannot realistically track me. Secondly, I don't try to justify my usage of Bitcoin, I'm happy using it in those things that make more sense like VPN, seedboxes, or the dark net.

You just answered your questions. Why would a customer that got used to buying with its credit card which works very well for him or her would just decide tomorrow to stop using its credit card and start paying with bitcoins.

Let's not kid ourselves, this will happen very hard. Bitcoin needs to look for its use cases elsewhere. Remittances, banking unbanked and hard reachable zones, etc.. are just some of the possible use cases.

And by the way, we are not ready for these mass payments. At the moment, our blocks are to small and we cannot compete with Visa for example.