Bitcoin Forum

What I'm trying to ask is would you use that type of store with your crpyto (maybe that store accepts more crypto not only BTC) or you see crypto only as an asset that will provide you more fiat money in the future?

Most peoples' answer to this depends on how long they've been in crypto.

If I was a brand new arrival absolutely not. Why would you? There are options that are non volatile and less hassle. Obtaining your crypto would've been a grind.

If you're sitting on a pile of free gains then why not? Time to realise them by buying some junk.

The latter are in a minority so I don't think any such place would thrive. And most of the time the existing places like this charge you more money for the honour of paying with crypto with much worse choice. I'd never take a shittier deal because of some sentimental attachment to my payment method and anyone who does is a numpty.

I appreciate your opinion. But I'm curious would you say for yourself that at this point of time crypto represents only an asset for you?

I'm happy to spend a bit of it because it's become a valuable asset to me. I may as well make use of some of the value that has accumulated. I guess that means it's still primarily an asset to me and not a currency.

There are already thousands of stores that accept Bitcoin. You can buy tickets, clothes, electronics, internet providers. You can even buy Amazon products using a third-party site. But the only continuing case of buying and selling a product using Bitcoin is DarkWeb drug dealing. That is, a business like this will only continue if there is a great advantage over using the fiat for both parties.

Of course I would. I'd rather trust myself with my money than Paypal or any Credit cards.
Cryptocurrency could be the ultimate tool to create a worldwide open market.
And this is going to happen sooner as people are being aware how insanely they are charging us for using our own money.

To be honest no, not that i don't like to use crypto to buy stuff, i used to do so by using bitcoin debit cards to buy from amzaon and ebay, but probably such sites will probably be much more expensive than other stores and also they would not have a variety of items and option such as the ones that don't accept crypto, and probably if a site was going to accept crypto it will accept bitcoin and most of the bitcoin community are holders and don't want to spend their bitcoin, and other cryptos are still not viable enough to be used for payments on websites.

Sure I will,this is a opportunity to circulate my cryptocurrencies ,for this reason maybe the altcoins will have functions and not just for holding and for speculative purposes

And also this will prove that it’s not only bitcoin who has a value,but all of the legitimate coins for they are created with same purpose and that s to help people around the globe

If you think of it @gentlemand is right, you might probably be happy that it came the time that they accept it. But the truth is that you would be skeptical to use it. Especially if have not done it before on other merchants.

it will 100% depend on trust because bitcoin does not have a charge back so when i see a store that only accepts bitcoin i have to first be able to trust that store not to be a scam. and so far i have seen some stores that were "like" Amazon but they weren't that trusted.
but if it was indeed trusted, then my answer is yes and i have used some in the past.

but if i wanted to see something new, i would prefer something "not-like" Amazon because Amazon is centralized and that design doesn't match bitcoin's decentralized nature. so i would prefer to see a decentralized marketplace instead. and that already exist too and it is called Open Bazaar

If it's convenient and if doesn't require an expensive fee, then I would use it but if it will cost too much fee and inconvenience, I would rather use fiat to purchase goods.
These days, Bitcoin to hold and to invest rather than spending.
It still depends on how we value it.

There are ways you can use your cryptocurrency to pay for goods at amazon already.
This crypto payment processing company purchases goods using the lightning network as described here
https://www.coindesk.com/you-can-now-shop-with-bitcoin-on-amazon-using-lightning
Then there is purse.io which uses a third party to connect cryptocurrency payments for these goods using giftcards at a discount. They have been around for a while now.

Well if Amazon or Ebay really accept bitcoin, then i will use it. I usually use amazon when buying something online, so it's a benefit for me if Amazon accepting bitcoin.

It would be good though if that is really happened, pretty sure many bitcoin users will use bitcoin too if both sites accepting bitcoin.

It all depends on what benefits could I get if I use this site or online store .
Because there are other online store that would give an option that pays COD and if I use Bitcoin it means I would pay before the shipment be deliver ,
And there is a problem about it sometimes it could be a scam because they could sent you a false item and here in the Philippines it always happens so that is why I only choose COD when shopping online.

I would use it but not all the time. It depends on what is available to be spent. In retrospect, if amazon or ebay decide to accept crypto, it would cause a huge pump and is also a huge step for adoption.

To be honest, I would hesitate to use BTC in buying stuff on online stores at this point. I still do not have that much that I can spend freely. If I get more profit, then I would be more willing.

It all depends on the amount of fee that we would face on ordering at some online store like that,
For example we all know that there would always be a shipping fee and of course we are talking about crypto so there would be a transaction fee.
So why would I use my crypto if it would cost more than just paying with Fiat?

Shipping fee is only normal on an online shopping sites . Usually you will incure a higher shipping cost if your from a province area  but the transaction fee will always be dependable on the price of cryptos  .  

The lower the cryptos value the lower the fees and the higher the cryptos  value the fee will also be higher  . Online shopping is not for all especially if you a budget person  , you will always find online items expensive than on local  .

The problem is that most of those websites that sell different stuff for crypto are generally selling garbage. Not really garbage but the range of the stuff they sell gonna be such small that I won't eventhink about looking for such websites. There is no sense in searching for a new crypto amazon until the old one would start accepting cryptocurrencies.

I think such webshops are future. In general people would like to have the place with large spectrum of goods where they could spend their coins because people like the feeling that Bitcoin actually have the use in real life.
The problem for merchants and for buyers as well is volatility. When there will be some solution that could overcome that, shops accepting cryptocurrency would become normal.

Personally i would
 I use amazon to get my electronics and I use it to send gifts too
So amazon accepting bitcoin will only make it more easy and sweet for me

But for other newbies; I’m not sure they are ready

There is a big possibility that I am going to use it especially if I have some extra money that I can spend for my needs. Using crypto currency as payment option is very interesting, not only that it will make your shopping easy but also you can save time.

But I am hesitant if when it will happen but I am hoping that the big companies out there will start to accept crypto currencies as one of their payment option in the near future.

To be totally honest, NO.

I bought something with Bitcoin yesterday and the site gives you a 10 minute grace period to get 1 confirmation on your transaction. It was a SegWit to SegWit transaction and it took 34 minutes to get the first confirmation at the highest fee.

The purchase was cancelled and I was asked to pay with another payment method. The refund will take 3 days, because they are closed over weekends.  >:(  We desperately need more merchants to start using the Lightning Network now or they will stop supporting Bitcoin.    >:(

If so, I believe that the BTC will achieve a very high price, because of the legitimacy is recognized, and many people will use BTC as a traditional currency.

If the stores are legit and no serious KYC is require, why not using some portion of my assets to pay bills and reserve some for the future. This decision has to do with individual involve, many will decide to keep for the future becasue they will be thing of the possibility of their assets be a valuable assets, then they will hold.

Now this is the problem with the currency side of bitcoin or even with leading alts. Currency ideally should be moving all around like the blood of our body just like that symbol of commerce that we know of but in the case of bitcoin and company the mantra since I can remember is: HODL. Why? Because we are expecting that soon the price will go up otherwise there is no reason to hold them somewhere (or even under the skin lol). We are speculating, therefore. This is the reason why many merchants are complaining low sales revenues coming from the bitcoin side. But what can we do? I am not sure if there is something we can do to encourage bitcoin holders to spend their bitcoin instead of just letting it stay somewhere idle. Honestly, bitcoin and the rest of the gang is really more of a store of value though you can use it to buy something even a car or a house and lot. That's the order of things here.

For me Bitcoin is essentially money but with high volatility. However, I probably wouldn't use such a website, because I rarely buy stuff on Amazon or eBay either. Of course, in case I needed to but something, I would prefer a website that accepts Bitcoin if the prices and fees are roughly the same. I would also love to pay the rent in BTC if it was possible, because when it comes to significant sums, the banking fees are way worse than Bitcoin's ones.

I'm not a frequent buyer, But if there is an option to buy with Bitcoin I will definitely use it from time to time. Hopefully some day Amazon and other giants will accept Cryptos directly, Life will be much easier.

yes, if there was a market where i could buy crypto i would gladly use it, even if already for amazon it  can be generate vouchers by buying them with altcoin...

Of course, they are big company and every people who always purchase online know them.
It will bring maximum exposure for BTC.

So will it happen ?
Since they still not forbid it, it has the chance so let the time decide

I'll buy from such stores if the products available on the specific store provides with added discounts or if the price mentioned is lesser than that of buying with fiat. Even if we get cryptocurrency acceptance all around it is quite hard to find such a store with only cryptocurrency acceptance and not fiat. Maybe some online store might get into existence.

Cryptocurrencies are like a diamond in the future they do have a lot of potential uses and they can be transacted by anyone and anytime around the world. it makes them same powerfull as banks but it is much better. I do not think Amazon or eBay is going to leave this chance as it is the best era of cryptocurrencies growth. I would definitely like to shop with bitcoins once in my life.

So I can see that most of you would use such a store. But many of you mention that major problem is having a trust in buying with crypto as BTC is non-refundable.

Personally I'm glad to see that majority see BTC as real currency and they are ready to use it as such.

Some of you also mention that you expect that kind of store would have higher prices then the store that accepts only fiat. But if it is a serious store I expect that they have similar prices as amazon, meaning they have their own stock.

Why not? I am using my crypto in gsmbling sites and trading physical items peer to peer. If like amazon site will use Bitcoin as a payment method it would be better for people who always on there home doing crypto. They can just directly buy on that website without encashing first then buy.

I think I would be hesitant to use that platform or store because people who use BTC as a payment method say that the fees are still not at a satisfying level and payment lasts long.

if USDT, TUSD, GUSD and some other coins that fall into the category of the stable currency they acccept as payment then I will use the Application gladly, but if the only Bitcoin they accept as payment then I will not use the application, not without reason I do this because besides Bitcoin there are still many cryptocurrencies whose prices are more stable and not rapidly changing.

No, I don't want to use bitcoin as the payment in that store because I want to save bitcoin for a long time. But if I can get a big profit in one day, maybe I will try to buy some product from that site. I see crypto as an asset and currency at the same time, but I prefer to use crypto as an asset because it is hard to find a local store here. But maybe in the future, there is any local store that wants to accept cryptocurrency.

Of course I will definitely buy from that store
Hopefully such store will soon exist,

If there is an online market platform that accepts cryptocurrencies like Bitcoin then i would definitely spend some of my cryptocurrencies over there. After all that's what many crypto enthusiasts are pushing for "The use of cryptocurrencies to pay for goods and services" and if there is a platform to help with this then i will give my support by spending some cryptocurrencies over there.

I'd use it as long as refunds were as easy as with fiat and there were perks included for using BTC. At this point, payment is pretty easy in fiat and I get incentive to use my cards with perks.

Nowadays BTC and cryptos are investment for me, I put money and hardware to earn coins and hold as long as I can in my strategy
Maybe in the future I'll spend coins like regular fiat, but it need to be a less taxes system

For stores that accept payment through cryptocurrencies, trust is an integral part of its acceptance. It's only in trusted sites that you can spend freely without fear or thoughts of loading money. Issues like transaction fees, refunds are all what may affect this process. But if Amazon or eBay comes up with this, it will be well accepted

I in particular see and equate cryptocurrencies to other currencies like the fiat. While it can serve as a valuable asset, it will also be nice to see it being used outside our crypto wallets as an exchange for goods and services. If we dream of mass adoption, then we must teach the masses how to adopt

of course, buying something nice from time to time isn't bad at all :) i wouldn't use it regularly because most of my crypto investments are for longterm. but when i have made nice gains on a coin... taking some profits are always good :)

Of course I will not hesitate to use my btx to buy some stuffs online with Amazon, etc. As you can see, it is not only an investment but this btc is also use as a crypto online payments. Isn't great if we use our btc in this area? To be honest, I've never tried paying btc online. Oh wait, but I've already used it paying my bills.

I do not why any store will limit buying an item to only btc while they can implement several other means. However, I  will use my btc to buy items from the shop because I use it to purchase items from shops that accept it.

Of course, I will love to spend my BTC to buy goods from any kind of shop or e-commerce sites! But I don't think any e-commerce site will start accepting only BTC, rather they would add more payment method. Though Bitcoin transaction fee and speed still not ready to use in a big e-commerce shop like Amazon and eBay. As eBay is planning to take digital currency I think they will start accepting BTC and BTC transaction speed will be improved for good.

Ebay owns paypal so they will never accept a payment method like bitcoin, they would create their own coin before they accepted any of the established ones.  Also I doubt Amazon will ever accept crypto directly but there are a lot of 3rd party services that allow you to buy on Amazon with btc.

I would avoid spending BTC whenever possible, it is deflationary which means it should continue to rise.  If the only currency people used was deflationary the economy would come to a stop.  Inflationary currency does have some benefits with the main one being is that it makes people spend more and encourage economic growth.

That is right, but I think many people will still do and actually use it to pay for goods and services just for the sheer convenience and ease of it. It is really an easy call for some, especially those who have been so used to using their credits cards. Moneyless transactions have become the norm these days, and for someone who has a substantial amount of Bitcoin to use, especially when its price becomes a tad more stable, it would be easier to use it truly as a currency like it is meant to be used.

You make a good point but we all purpose of holding crypto and how earning are not the same so some newbie can still spend some of their holding. However, that doesn't mean the place thrive as you presume cause a lot of project have offer the same service and they didn't but been partner with amazon and eBay should be Ok to make the project thrive and no sentiment should be attached to user payments.

If there's such online shopping site that provide that kind of service, then why not. Actually, there's pros and cons regarding that.

Pros:
1. Convenience - since cryptos are electronically transferred through crypto network, shopping will be hussle-free.
2. Accessibility - online shops are widely known in today's generation. With the integration of cryptos and online shopping, products from other countries can be easily sold to another country without any intervention in payment.

Cons:
1. Transparency - considering that cryptos are decentralized, there will be some issue regarding the transparency of the payment as a whole, unless online shops have their own wallets which you can top-up with cryptos.
2. Volatility - cryptos are also known to be volatile, which means that its value might change in just a matter of seconds. This will lead to some sort of issues regarding the pricing of products esp. when products are tagged with their crypto price instead of fiat price.

In my opinion it will not only have a positive effect on the cryptocurrency course, but also allow more people to start using crypto coins. Before that, many people had only heard of their existence, but had not seen a real use. But now the situation may change

I think many people support the idea of using cryptocurrency not only in the form of an investment, but also as a method of payment for goods and services. After all, who prevents the use of cryptocurrencies in different ways, especially if their functions allow it. As for me it is very good that we now have so many alternative currencies.

Cryptocurrencies are easy to use, and suitable for everywhere if accept it! now bitcoin is most demandable cryptocurrency and most usable also, and also bitcoin accept some of countries in this world! also bitcoin is a decentralised cryptocurrency then it's can use everywhere anyone, so it's can do use over black markets! it's a another side of cryptocurrencies! I prefer bitcoin for everything for fiat money for buy something! everything!

I feel that both of these big companies will never accept bitcoin or crypto because the regulation of bitcoin is not available, and of course, a large company will not apply a payment method that the government does not accept. In addition, the value of bitcoin is always very profitable because of its volatility, every user understands it, there is no reason for them to use bitcoin to pay for something, investment and accumulation and investment, that's what people will do with bitcoin, used to pay never lies in people's minds.

I will gladly spend my crypto on stores that accept them. What is the use of generating so much value for crypto if you will not spend them on something you like. I already have allocations of crypto for investments. I also have crypto that I use for spending.

Such store where peoples could shop only with Cryptos would really be appreciated by the peoples but it might perhaps not go that successful financially. Peoples who are been engaged with the cryptocurrencies are been investing them or earning dividends from those but very little number of peoples invest or purchase cryptocurrencies to spend them into any of the marketplace for various goods and services.

The one's who are deeply enrolled into the cryptocurrencies would hardly lack in FIAT currencies so most of them can use FIAT currencies to make any purchase online. Also there are some consequences which we need to face if we have made up our mind paying with cryptos and that is the transaction fees as well as the highly unstable and volatile price.

Yes why not, we have to support a store like this that accepts cryptocurrency, cryptocurrency is intended to be used as a peer to peer or an online payment processor, by supporting them, it will attract more online store to use cryptocurrency, it's like a domino effect.

of course I would use it , without a doubt
I'm a staunch supporter of bitcoin and cryptocurrencies in general , so the more stores that allow direct purchases with btc the better
I would not buy just because it accepts btc if it doesn't have competitive prices or offer no goods I'm interested in , though
as for treating crypto as an asset , yes it is an asset to me currently simply because there is no infrastructure ready to use it as money at the moment
maybe soon , when there are more stores like you've described appear and there is more competition and the adoption is huge - this is the goal in mind

We really have to support them or else they will cancelled that. Cryptocurrency is not meant for holding, it should be used for this kind of transaction and hopefully for this to happen. Amazon and eBay is the top companies, it can bring huge greend candles in the market if ever.

Yes of course, because it will add a positive side of Bitcoin. And on one side this is very beneficial to the bitcoin holder.

First, they better have a good customer service so that many people will be willing to try it. It does not have to be very huge like Amazon but they should be able to last whenever there are dumps because of volatility. If they have all those standards then I will be one of their loyal customer that use btc to use buy their products.

Different peoples have different mindsets. Cryptocurrencies are not actually that bad option to spend for shopping but originally cryptocurrencies were not been established as a mean of payment on online shopping sites but it was been developed for the community to earn great profits into.

There are a number of opportunities including mining, trading, gambling, etc which gives us the chance to multiply or coins or simply we can HODL those coins until the ATH price is reached. Considering all these benefits, there hardly might be the need to develop a marketplace where only cryptocurrnecies would be used as a mean of payment.

If it was my decision to make, I definitely would buy everything with crypto!
If it was possible to use a store like amazon or ebay using only BTC I would use it and I think this would help a lot regarding general adoption as it would make a lot of people aware...
Fiat only exists until digital takes over

There are some of store like amazon accept bitcoin but i do not really know their reputation whether bad or good so i think all of it depend on how good their reputation but rather than if then why not just hoping Amazon and ebay really accept bitcoin as part of their service and i'm sure most of use are willing to use them

It usually depends on what stuff you want to get, usually only big deals are purchased with btc / crypto so it's not really easy to get smth ordinal with crypto

To spend or to hoard? The age-old question. :)

I have some bitcoin-denominated income and some unspent profits from altcoin trading, so I don't mind spending some bitcoins here and there. But first and foremost, I'm a hoarder. As a general rule, if I don't think I'll be able to get the coins back, I don't spend them in the first place.

Due to Bitcoin's scarcity, the writing is on the wall regarding how valuable they'll be in the future. I'm trying to hold onto as much as I can.

Yes there is a web shop accepting bitcoin and crypto as payment dude here try check them out https://weshopwithcrypto.com/ I never try
but it looks good and nice when I checked the platform they have, see it for yourself mate.

We already have two. takealot and bidorbuy both accept bitcoin and both are massive markets. I live in a third world country so what is your countries excuse? You act like such htings don't exist lol. I have been buying things with bitcoin for years now.
"cryptocurrencies were not been established as a mean of payment on online shopping sites but it was been developed for the community to earn great profits into."

Lol sure dude.
It is a currency look the word up.

Right now I would not use it if BTC (or cryptos) would be the only payment method but if you ask me again in a couple years my answer will probably change

Right now, none of them (amazon and ebay) accepts bitcoin as a payment. I have been hearing that Amazon might be accepting crypto currencies soon through the Lightning Network. Lets just wait and see.
I would use stores that accept crypto currencies. I do buy amazon gift cards with crypto currencies, so I am actually indirectly using crypto on stores like amazon  ;).

I would love to use these stores to pay for goods.  I do not see anything wrong or criminal.  It seems to me that over time all the stores, especially on the Internet, will have such a function.

I would definitely be interested in selling goods for cryptocurrency, but one problem is that bitcoin transactions are not reversible, when we know people like refunds in commerce. There are certain sticking points that I am confident will be resolved in time.

Once I reach the desired amount of bitcoin in my account, I will definitely buy something for it. So far, I'm using his investment vehicle. I want to accumulate a certain amount of coins.

Well since i have my own Bitcoins in my wallet and if it was indeed possible to just use Bitcoins for those specific stores then why wouldn't we?
If you liked to buy some product from that specific store and the only you was Bitcoin of course i would use it ;)

Hmm, weird, I also on the beginning of my career wanted to accumulate and set a goal. But when I was able to reach my goal, I don't want to stop and I wanted to accumulate more.  ;D.

So I think when you reach your desired amount, you don't want to stop and will continue to do so, just saying.

Of course, we wanted to see some stores accept bitcoin as mode of payment, but sadly as bitcoin is very volatile, fluctuating price will be the main concern of merchants for now.

yes, I will definitely use it. because it's much easier and safer, than using credit cards or paypal. using crypto is good, but it is very risky due to high fluctuations. so if this becomes a reality, I have to be careful and choose the right time, if I want to use it later.

I'm sure many people will use it. even people who don't understand crypto will start using it. because I think crypto is safe and easy to use. and I personally might be one who uses bitcoin to payment online shop.

at the moment I might see it only as an investment asset. but if there really is a shop that accepts crypto payments, I will definitely use it. if there is indeed a store like this in the future, surely mass adoption has occurred. and crypto is fully legal throughout the world. I'm really looking forward to this, I heard the rumor that eBay will be the first. hope it's true.

I would personally use such a store, probably not very often but in general if I would need to buy something online then I would prefer to pay with bitcoin instead of my debit card. I see everyone is worrying about bitcoin transactions being irreversible so you should think about a solution to solve this problem,maybe add an escrow option or something similar to that.

Only * Bitcoins * will be a big problem, the market goes up and down too frequently to actually track down anything specific therefore what I think is that Bitcoins needs to be integrated but at the same time, we would love if there are still others things such as Cash and Cards and stuff.

It's never a good idea to give the user just one variant , more variety creates better choices and at the same time better scope of growing for the whole company .

It should meet the requirements for 'n' number of people who wants to actually use this site not just a small population, that's how it will become famous .

since I started using bitcoin I've always seen it as an asset. some people may disagree with me but that is just how I see bitcoin and other crypto-currency atleast for now.
although I would gladly use bitcoin as a payment if there is a store who makes a fair deal. most of us compare bitcoin to a fiat as it's value that is why a lot of people
find it hard to use bitcoin as a payment.

there is nothing we can do when my country prohibits crypto transactions.  so I will use it in the future when crypto is legal in my country.  now I prefer collecting BTC, ETH and other crypto.  I always hope that BTC will create again a high bull market.  it doesn't matter even though it's still long.  I am strong to hold.

I will gladly make use of it if I can find such within my region because it was none availability of stores that accept crypto currency as a means of exchange for goods and services that makes to be converting my crypto currency to our local currency before going to store to purchase items.

Did you manage to purchase items on Purse.io? I read that there is / has been a lot of fraudulent sales there (users gave BTC to seller and he used some fraudulent cards to purchase items which is really really bad). So whats the point of using this service?
May be you can share some experience you had with this site.

I will why not, but I will not going to spend all my cryptos buying things here I still consider as an asset that will appreciate anytime soon, but we need to support stores like this because Bitcoin was created to do this for buyers and merchants, the goal is always been for merchants to come in and use cryptocurrency.

In my opinion the crypto model does not allow OR make it easy for retail based stores to accept crypto because crypto prices are always changing, not easy-to-use issue chargebacks or refunds,too much work for the accounting books and the list goes on but we have to think outside the box and support such innovations..but the tech isn't ready for this industry imo.
For now I believe we don't have any store big enough to support crypto.