Bitcoin Forum

Economy => Economics => Topic started by: HorseCoin on March 06, 2014, 08:14:08 PM



Title: In order to drive the price of Bitcoins up!
Post by: HorseCoin on March 06, 2014, 08:14:08 PM
accept Bitcoins at your store, but offer a 25% discount when paying with them.  this will encourage people to switch, and drive the price up.     ;D


Title: Re: In order to drive the price of Bitcoins up!
Post by: CryptoKilla on March 06, 2014, 09:34:39 PM
Best idea on these forums yet!


Title: Re: In order to drive the price of Bitcoins up!
Post by: awesomeami on March 08, 2014, 11:59:00 AM
accept Bitcoins at your store, but offer a 25% discount when paying with them.  this will encourage people to switch, and drive the price up.     ;D
Yeah great!
Buy (as a seller) for 10BTC and sell it for 10x0,9BTC (to be "best price"*0.75) + pay employees + free S/H.


Title: Re: In order to drive the price of Bitcoins up!
Post by: uteroulin on March 08, 2014, 08:02:14 PM
Oh! Well, it's a good way to promote bitcoins to mass but I am not sure if all members will support this idea


Title: Re: In order to drive the price of Bitcoins up!
Post by: Alley on March 10, 2014, 11:48:56 AM
Maybe we need a annual buy btc day where everybody buys some bitcoin on that day!


Title: Re: In order to drive the price of Bitcoins up!
Post by: BitOnyx on March 10, 2014, 12:04:29 PM
But at some shops profit margin hits around 10-20%. It could hurt shop owners , even if it would temporally lift price a bit. After awhile shops would be falling down, unless we assume growth of price for over 25% at this point. Thats some kind of risk and obviously it is liberal decision of any one interested. It can carry some kind of risk with it, but also kinda nice gain.


Title: Re: In order to drive the price of Bitcoins up!
Post by: Sindelar1938 on March 10, 2014, 12:20:47 PM
No action needed of that kind
Adoption will happen naturally due to ease of use and cost savings to merchants and buyers


Title: Re: In order to drive the price of Bitcoins up!
Post by: bitcasino on March 10, 2014, 01:38:28 PM
accept Bitcoins at your store, but offer a 25% discount when paying with them.  this will encourage people to switch, and drive the price up.     ;D
I am not sure it is legal.


Title: Re: In order to drive the price of Bitcoins up!
Post by: Luno on March 10, 2014, 01:44:45 PM
accept Bitcoins at your store, but offer a 25% discount when paying with them.  this will encourage people to switch, and drive the price up.     ;D
I am not sure it is legal.

If bitcoin is a commodity or not legal tender, it's just like offering discounts to people paying in coupons.

Actually as bitcoin is considered deflatory, a discount incentive has to be added to make people part with their coins as long as bitcoin is perceived as appreciating in value over time.

When prices are stable (in the course of a year) bitcoin will function better as a payment system and worse as a speculation vehicle.


Title: Re: In order to drive the price of Bitcoins up!
Post by: sonofliberty on March 10, 2014, 02:15:27 PM
accept Bitcoins at your store, but offer a 25% discount when paying with them.  this will encourage people to switch, and drive the price up.     ;D

This is exactly what I am doing for a couple of weeks now.

www.libertystore.de  :)


Title: Re: In order to drive the price of Bitcoins up!
Post by: Taras on March 10, 2014, 02:32:50 PM
 This is great advice :)
It should help Bitcoin and merchants simultaneously.


Title: Re: In order to drive the price of Bitcoins up!
Post by: jcoin200 on March 10, 2014, 04:56:36 PM
I've said this before, that in order for people to adopt BTC there needs to be some sort of advantage over using their credit/debit card.

For example if Overstock started offering free shipping on all bitcoin orders, more people would surely acquire some BTC in order to take advantage of the offer.  That would get lots of people interested in using BTC.  Currently if you dont already have BTC, there is no real point in going through the hassle of getting some just to go make an order on Overstock.


Title: Re: In order to drive the price of Bitcoins up!
Post by: nycbitcoiner on March 10, 2014, 08:52:43 PM
Good luck trying to convince business to do this  ::)

I've seen this work when it's a community. For example, some small towns or areas have their own currency to keep the businesses all propped up and this is driven through the business board in the area.

bitcoin is a bit decentralized - i don't see this working on a larger scale. but maybe you can prove me wrong. I'd accept bitcoin for a 2% discount (cheaper than credit card processing fees).


Title: Re: In order to drive the price of Bitcoins up!
Post by: E.exchanger on March 10, 2014, 09:27:32 PM
Very pleased after reading, that its definitely one of the best ideas i have heard to promote bitcoins but as a matter of fact many people already do that and now to increase the adoption of bitcoins the banks have to come in the picture!!


Title: Re: In order to drive the price of Bitcoins up!
Post by: roslinpl on March 10, 2014, 11:08:20 PM
So "pay" people to use something? :)

:) people will realize soon that they want to use bitcoin :) and you do not need to pay them for it.


Title: Re: In order to drive the price of Bitcoins up!
Post by: alexeft on March 10, 2014, 11:43:52 PM
accept Bitcoins at your store, but offer a 25% discount when paying with them.  this will encourage people to switch, and drive the price up.     ;D

No need! The world is taking care of bitcoin's publicity!!!
https://bitcointalk.org/index.php?topic=510091.0


Title: Re: In order to drive the price of Bitcoins up!
Post by: Bit_Happy on March 11, 2014, 03:40:41 AM
Many websites, hosting companies and any digital businesses can easily do the 25% discount, since the product cost is so low.