Bitcoin Forum

hi,

just had a small idea: what if bitcoin shops had this feature: buy this item if its cheaper than XBTC?
this would include BTC/USD conversation and product price changes.

the customer could deposit the money (and maybe withdraw it in case that after some time when his target isnt reached he doesnt want it anymore)

IMHO this should enable shops to plan better which should lead to cheaper prices (well at least for big shops. not sure if there are any atm)

please share your opinions ;-)

its a good idea,but it will hard to make people understand with this,maybe you can tell them slowly,and make some picture to make it easy to tell.

So I deposit 0.01 BTC to a eshop which at time of transaction is 10 USD - just an example. I set an order to buy a Google Cardboard which cost 12 USD. The order will only be approved when Bitcoin rate increase by 20% and 0.01 BTC is equivalent to 12 USD or more. Am I right with this example?

If I am right, this is a good and innovative idea. However, I do not think that there will be people paying for item using this kind of method. Well, businesses do not wish to wait for a certain digital currency rate to increase before proceeding with the sale. Businesses normally want the sale to be completed as soon as possible.

So, it's like a request to buy a product at your specified price, with a floating btc/usd exchange rate. It's a nice idea for buyers. Merchants on the other hand will not activity seek buyers, especially not in bulk.

I feel like this kind of idea would work only for online shops, and not in real life obviously because when you buy a cup of coffee you would want it now. So if an online business accepts this idea then they could place an order and then when the btc/usd price hits your target the process will be complete and the good/service will be delivered too you.

Then again, it might not work because businesses usually have to meet a quota on selling said good and if you decide to cancel the order ir the price is never reached, then the business and customer will lose.

I prefer read to your post jacktheking, understandable english haha. The idea itself interesting, but what code to set it automatically? So far no one implement this right?

yes, your example is right.

i'd use it manually atm... i wait until xmas is over because i know that my new pc will be cheaper afterwards. IMHO if the shops knew what i am planning it would be good for them.

businesses get new info for planning (thats why i think prepaid is better): they know that if they lower the price by x% or the btc rate goes up they will have some buyers.

together with bitcoins locktime feature it is even possible to say something like "i'd buy this if it gets cheaper than X in the next Y blocks" - like an automatic refund after some time.

So you have started develop this idea? The idea could be boomerang to the eshop owner. When they accepted cheapest price and in a couple minutes the bitcoin price going down and down for long term they will get a trouble yea a negative profit.

I think it's good idea becasue I think in longrun bitcoin price would be higher and increase always and this way online shops will make better profits .

a possibility, but a common and easy to use online shop in crypto really gained momentum and in the future, the probability will increase that the sequence makes us think about the principles that will guide clients along the way whether it's smart contracts or something else, to the question of the need pocenia carefully

the notability of the fact that in pervosti in turn comes the importance of speed of processing and the contract and transaction, if necessary, is cheap and not circumventing the usual methods of comparing btc , but also the willingness to connect programs of its kind, and discounts, and as a result, the need for a more commercially reasonable result than the usual us fin systems

the approach in the first place, it's cheap and the totality of the transaction to$ 5 , so-called microtransactions, provided that the larger transaction will not cause discussions because of their treatment in terms of cost, but most of the semantic load in the low cost of small transactions and don't nakagawanishi they are processed and thus larger transactions

another important aspect is the safety of anonymity if desired, i.e. the minimality of the information collected about clients if you have the correct equipment operation and disturbance of the General rules and regulations, the preservation of confidence in the operation is an important aspect of using the system

in this case, the ability to talk about the necessary change fin systems and the fact that the decisions reached in the proper understanding and purpose of evolution as a given the necessity, but also an opportunity for the development of acquired and in the minds and in fact not coverany the result and operation of the equipment it brings, but in case of backwardness dopolnennoe to only the existing heap of crap on the old and only aggravation and not coming to a decision for whatever their reasons, which at the time seemed true in the rules, but not the ultimate fulfillment of the condition

i dont think a genius ide but yes maybe , who knows what works for anyone ?

I dont think a buyer would want to wait that long.Nobody can exactly predicts the price so if I want to buy something I wouldn't postpone buying it till my amount of btc  price reach the price of product in USD

I think later want to accept that in future online stores also Bitcoin.
But I also hope that it will happen later.
Because that's how it namely much faster.

That's.... A good idea!

Didn't think about that!
That's right it cool be a good feature for a bitcoin shop indeed. And not too hard to put in place I bet!

Yes, this is the major problem for this. The time difference can really factor in a lot.

It depends.

If you can get your money back I think it's not a problem. You place your money here in case of the price rises that's all =)

nice idea,i think its will give benefit to customer and seller,i hope this can applied to some online shop.

And you will wait 3 weeks to get a benefit of 0.5% - which is stupid

I can understand if I need 1Tb SSD - which I want to buy in a half an year 50% less than now, so I an wait. But I do not need to freeze my BTCs for that

Pretty good idea, might be real in future, it will be much much easier for bitcoin users

That is good. If that happens Bitcoin will be more popular and that is very good. I hope Bitcoin will be more use in the future.
And that more people will understand what Bitcoin is. But you never know what can happen. I hope in the future that more stores accept Bitcoin.

I think it is a good idea. People can ask their deposit bank such as bitpay or ANX to cope with this

AXN is a leading global financial technology company ?

Because of the value of the bitcoin i would say start a tech site or something where
people can buy not only small things but also much expensive items like mobile phones or something like that.
I think that would be a nice idea.

I'm using their service but I guess yes, because there are members that keep saying that kind of company.
And it's ANX rather.

For any shop taking bitcoins - there should be attractive buttons that make payment as easy as one click. People like instant gratification :)

I aggree on this.lot of stuff you can buy online. But most of them dont accept bitcoin as a mode of payment, it will be easy for some buyers if lot of merchant online accept bitcoin.hussle free and less fee transaction.

There are allot of shops you can copy their ideas but the best idea remains selling games and video's. Not only video's
but maybe a streaming service that will be nice and legal. I think that is your best option.

Th best idea for an online shop is selling games and streaming videos or something. There are so many people who loved to game and dont want to spent there gold into it they have bitcoins where they dont do anything with. So they can buy games at your site and videos that would be very great trust me.

i dont agree with that,selling games will not make people interest to buy game from blog or site,because steam already accept bitcoin,and i'm sure people will more glad to purchase any games from Steam.

The best for consumers and worst for merchants because
machards will need to buy more stock in time and this makes them wait
The idea is purely great but its benefits care to the consumer than the sellr

I guess it was a good idea, because today there are very few online stores that accept bitcoin. apart from that you can also make a business offline with it so you do not need to be afraid to lose

Yes, I think it is something like forex traders that do deal automatically but here they have a different application.

Definitely it was really a good idea for building up online bitcoin shops, but AFAIK there are already 100,000 merchants out there that do
accept bitcoin as for the payment for their goods and services, I just googled it last time.

There are regions that has shops online that accepts bitcoin as payments.  It is making transactions more easy and for the most of I know are services and trades that has been very reliable and trustworthy to be dealing with for they had designated staffs to attend on a particular task making it more time saving procedure in completing tasks.

It is so nice to see that Bitcoin is going to be more worth in the future and that is because it will be also the future payment method and that would be really nice if that is possible.
And you see now that Bitcoin is getting more acceptable and that is really nice for the people that is already using Bitcoin.

And that regions were lucky because the shops there are accepting bitcoin in terms of their payment method. For sure, once the halving is done.
And merchants who are still not adopting bitcoin to their business, if they see the value of bitcoin.
They will going to accept to bitcoin for their shops.

the best thing you could do is make a web shop for video games like steam does and maybe movies. Selling them for bitcoins would be te nicest idea ever trust me its really popular.

I think a website that is based on game is the most capable type of shops for a business like shops in bitcoin.

Sell the services that you can offer. If you are good in graphics designing or programming. Although its not a shop but you can still earn with those types of services. Just don't forget that you must be enjoying what you are doing. ;D

You just need to create an online shop where your product is your service, that's still appropriate. And you can advertise your service through
that shop where people or potential customers will just view your shop and look for your portfolio's , sample creation's programs and other services
that you can offer to them. You don't have to do talking just able to have customers.

You have to make it compact.  If you can't do the design have someone do it for you in a simple one or you can even select it from the ready made webpages and all you have to do is encode the information needed to complete the page to make it run.  For the payment you can have any mode or ways as long as it is fair and comfortable for your costumers to process.

I think a service can be something like consulting services or online tutoring can be another option.

sell services or if you don't have any experience then sell electronics and food items. if you have had a look in the goods section there is some users selling mushrooms, saffron and eggs you can do the same so sell on here and open a online shop.

I have some idea of creating bitcoin shops.
I would sell electronical wares,but the used ones,for people who dont have enough money to buy new one's.
I have many friend that may sell me wares like this,i would accept only bitcoin payment.
Seems a pretty good business for me ;)

It's like EBAY? which makes it not unique. Even more electronics deal with warranty, warranty is hard without invoices.
So in short your business plan has quite some holes. There is plenty of growth for bitcoin shops though.

Sell delicious tea. I'm serious. Easy to ship, both lightweight and not perishable. Comes in a variety of flavors, is a universally accepted beverage. It's cheap by bulk, and if you can buy bulk and repackage into something custom branded, you would make a killing.

Wow interesting idea buddy!
i just wonder if it would be profitable,you think there would be many people buying tea for bitcoins?
If worldwide shipping maybe but well,i dont know really.

I guess selling delicious tea is just ideal for customers that you are on the same country.
But I don't think there's going to be a service like this after all.
But if someone offers it here I'm going to try it.

I dont really expect that you would find out many customers paying for
tea with bitcoins,i would rather think there would be more bank transfers than btc payments.

yes i totally agree with you guys, selling tea would be great since its not perishable and easy to transit. You can shipped it wordwide to those buyer whose interested maybe if they aalready taste your delicious tea then it would be the way to become profitable in your business online.

I don't think this will hit it. Better think of something that's in demand. The one that will easily get sold and a product that won't expire. I can't give a good item but something like what I said is already a good thing.

digital sales. Game keys movie andntv subscriptions. Subscription to wow. Magic the gathering cards online is good for money. Sell good software like antivirus or VPN services.  

I would like to see an online shop with bitcoin payments,but not only this innovation.
It would be really good for us if we could pay for anything with our altcoins also,lets say eth,clam,doge haha :D amazing idea for me

you have a point there, There are other things that are far better than tea somewhat like digital goods, game credits and other being sold online using bitcoin as a payment. Its so hard to suggest if you dont know whats the interest of the OP.

That's right. Suggesting specific product is really hard that's why it's better to give him a guide for better selecting what's product that will hit the society.

hmm.. i think focusing in only one product will be alot better and after getting some level of popularity you can add more products to your shop which will promote your market/shop more efficiently :D

The reason I suggested a physical good (tea) rather than a digital good is because the digital market is already over saturated. Not only are there forum members selling steam games and keys, and PlayStation codes; they are also a number of homebrew websites, and after all that, you have to compete with Gyft. Better a thing only you can provide, like a hand crafted thing (art, craft, food even) or cater to a niche (specializing in having a wide selection of funny trucker hats, for example). That way you can order in bulk, and make that markup.

There is always a niche.

Always sell what you can mark up the most.

Know your target demographic. You are dealing with techno savvy folks for the most part. Wouldn't do to sell them hamburgers, you could sell those to anyone. Sell them USB cables even. But sell something relevant to the target.

Might follow my own advice about that tea,. Was an afterthought, but I see some merit in it if done right. Gonna clam up about it now.

On second thought, don't sell tea.

If OP have enough budget and capital to start then I think he should start with more then 1 product. every thing is upto advertisements and promotions. once OP's service get viral then every thing can be bough from him.
the best things I can suggest to sell are digital goods. like games, softwares, accounts, etc.

That would be lovely. I mean you deposit 1btc, wait for like a year for the price of btc to rise, then you order for that item you could not afford previously. Cool 8)

hmm.. its a good idea but it will be very difficult to trust some new website to let hold your money for that long ! for which the website should get some popularity and trust first !

The only bad thing is that it's hard to look for a customer that may want your tea. Like what's special about it? I can get tea in the market if you can't specify things that may be different from others.

You shouldn't have to look for customers. It's a webshop. Tea , and coffee are the most popular beverages in the world. If you drank tea, you would know that it's hard to get high quality tea unless you live in a culture that openly drinks tea. This is why they sell tea at Starbucks. Brewed, and in bags. When you do find decent tea, in places like whole foods or Lowe's foods, you pay a lot for it. And the selection sucks. Also, tencho savvy consumers are big in caffeine. Look at the popularity of energy drink products with that demographic. I'm not stuck on tea, but I am stuck on the OP offering a cheap product that can be easily sourced, and stocking many different types of said product, so that his shop becomes a known place to purchase a variety of said niche products. What I'm saying is, he should specialize. He could do hats. Or lighters. Or custom computer hardware peripherals. But you notice all my suggestions are products that are niche, and usually marked up. And things that bitcoin users use. Trust and believe, there are a lot of tea drinkers on this forum.

Also, understand that tea goes beyond the Lipton at Walmart. Check these out:

http://www.tinroofteas.com/product-tag/dessert
http://www.mightyleaf.com/index.cfm/fuseaction/product.detail/_/Organic-Ceremonial-Matcha/productID/31519af8-6f12-4b15-a016-0692acae7748/categoryID/7a5d00f0-62a0-4664-9dc1-f218505f5db5/

(I want that matcha, it's pretty much Amazon only here. Unless you find an Asian specialty store, or go online. )

But leave this idea alone. I want that.

maybe you should create an online store computer equipment, or android that accept payment via bitcoin, I think bitcoin users will see your place as an excellent place to spend their bitcoin. well, you know, bitcoin users need a pc or android good, so maybe they'll go to your shop

Computer equipment seems to be a very good shop in this time. A few weeks ago I tried to order a PC and I was looking for a bitcoin payment accepted shop.
Guess what, in my region (europe) there was none available.

The best idea for an online shop is selling games and streaming videos or something. There are so many people who loved to game and dont want to spent there gold into it they have bitcoins where they dont do anything with. So they can buy games at your site and videos that would be very great trust me.

Like your idea but it is only for those who are good in strategies.other will not not like it and take it only as scam to their deposits.

There are already a couple webshops that allow to pay with Bitcoin I think that you should look at them first so you can get some ideas of those webshops.
It will help you because it is hard to start something from nothing.

If you need open online shop for bitcoin means just try to put big investment and open one Ecommerce site which can accepts bitcoin as payment and payment gateway. If you want do online shopping means try to check the sites by Google it.

There are many bitcoin shops that are online and many of them sell different stuff you have some where you can pc parts you can buy clothes with them and many other.
But most of the site you will not know about I think that more popular stores need to make use of bitcoin.

Yes, this confusion will persist as long as the big market giants starts accepting bitcoin payments whereas the currently accepting bitcoins shops grows similar to big market giants so that each and every bitcoiner will start using them. Till then, the gap between finding bitcoin accepting shops and unable to find bitcoin option may trouble us frequently.

its really hard to catch up a particular merchant  which accepts  bitcoin  which  its  been already based on  which  country  does it starts.  Adoption would  really increase in the  future  on which  we  wont have any had a hard  time  on searching  on this  merchants.

Bitcoin can be used in any shop whether it offers computer related services or not. I think the best way to go is use FIaT and bitcoins side by side as a payment method. This will provide the most fruitful results.

Only bitcoin and currency related services will not make more profits and It will not spread around all the people. So we need bitcoin to accepted for online shoppings, International flight services, duty free shops, walmarts many more common shopping places.

Well the fact that these stores are still not accepting bitcoin I think we should need to focus more with the adoption and once the adoption did happened already. Then those online stores will just come up because they are going to see that bitcoin is going to be a great payment processor and currency if they are going to use it for payment.

If we want to make online shops start accepting BTC as a payment method, we need to make more people start using BTCs first. If the shops and stores see that there is a large number of people and a lot of profit to be made with Bitcoins by those people, they surely will start accepting Bitcoins. But I think the actual number of Bitcoin users isn't enough, more people must join crypto-currencies and forum like this one.

This is just about the inline shop but if you wanna for asking me, i more loving for answering why i need waiting for over 1 weeks just buying a tea or coffe from the online shop? I guess this is about the online shop and just think for shipping the food into the spesific place there are a high risk for that, if in the half of the way the food are very weakness for get a broken. I never wanna for selling a food rather than just get a  lot of the complaints from my customer.

Lol what !? What did I just read even? Buy an item if it is cheaper then xbtc ? What in the hell does that mean ? Is this some sort of search filter option for finding what you can afford ? Some sort of saving technique ?

I dont know how this will lead to cheaper prices or help the shops though.

What do you mean when the customers target is not reached ? Are you saying it is like a wish list ?

Shops all over the world will begin to accept bitcoin as soon as they see a business opportunity if they don't then there is no reason to accept bitcoin in the first place.

with promotion contest maybe ?
or giveaway every week ?
create image creative hmmm

i think its efective  ::)

There have been quite a few successful Bitcoin sites that use drop shipping for all or most of their merchandise.   There is less margin per item but near zero startup costs. 

I think it is quite good idea to promote your shop and have a give away every week. Ofcourse give a good service to your customer in order to them to get back to your shop.

And try to find an attractive name that as if they cant remember your shop

I love this idea. I often thought about how awesome it would be if I could simply set an amount of BTC and then wait until I can buy the product at that price. It could come with a nice notification feature as well so I will not have to keep checking back, oh my lazy ass.

Will others trust online shops enough, though? I am thinking of the irreversible transactions and the trend that alot of businesses where you deposit crypto prefer exit scam when an amount of deposits is reached. What do you think of that?

This is something to worry about. But there are ways to solve this problem, or at least reduce the chances of users being harmed.
One of them is the use of reputation systems, through which users could know if a company is legit, if it's indeed providing quality services, and if users are benefiting from it or not.

I feel that there has been a lot of people who have implemented such an idea, and I'm sure, very much profit they get from the sale. Well, many of my friends on social media that have an online store and accept bitcoin as one payment. I see, so many people who visit there, and I am sure, most of them are users of bitcoin

I guess this must be very nice idea and definitely will be working very effectively as social medias are part of our everyday life in almost every country. Combining the social media along with bitcoin payment system definitely will boost any business for sure. Because it will attract two different types communities.

Yeah it's really proven that social media's are really helpfull interms of advertising and maybe for that people who doesn't used bitcoin well get attract since the want to buy the item they need and they need to pay for it with bitcoins and it is pretty chain advertisement for both parties, this should be the greatest idea if this will be sort out and implement in reality but surely we need huge funds to let it happen and owners should be updated on the item they want to list in their store so it wont be annoying for courious people.

its true and the idea for online bitcoin shops is a good idea moreover there is many social media that we can use to promote our product and i think if we can make our shops online can attract more people to come and buy our product especially if we use bitcoin as our payment, then it will make bitcoin become use for many people. i think the most favorite social media is still facebook and twitter, beside of instagram. that place can be good to start to promote the product.

All ideas are good things, but those ideas should also be based on the data that exists in all things. The idea is the same as made in this thread i.e. online stores, it is essentially an online store would be better or easier to introduce bitcoin to everyone in the world, but it's all also need a lot of funds and it took a lot of sacrifice in order for growth or the introduction of the bitcoin bitcoin can be know by all and finally growth bitcoin became more. And also some of the bitcoin system is also not complete, such as payment or a payment system using bitcoin bitcoin

This idea could be ok to get some funds to invest without paying a fee in exchange. I wonder what kind of goods the idea might be fitting to. It might be ok to get some gadgets a people are not normally using. They could almost forget they dont have one until they would. You could actually have your wares bought at normal price.


And you could have program that is saving your customers from a loss. They would get their product at normal price plus lets say 1 percent if the price wont reach the desired price, in lets say 3 months for example. That 1 percent wont make much difference for them, but it will make difference to you.

Your idea to take advantage to the volatility of bitcoin is great and I think many people will be attracted to it . You just need to earn their trust and you're good to go cause at first some people will certainly raise the question "How can you assure that you will not ran away with the money? " . In this case you just need to pick some reputable people (Maybe here) and have them write a review for you after the usage of your service .

You mean to get the trust and positive feedback from the reputable people here in the forum to increase the range of you. However, you try make AdSense and advertise your services in google page it might reach to huge volume of people according to me.

If an online business targets social media then their success are guaranteed. Yes social medias are emerging and inevitable force, in my country even off-line newspapers and magazines also covers social media opinions. So, an online business focusing social media along with bitcoin payments will get definite success.

for a start more online shops need  to accept bitcoins then once this happens then you maybe be able to make auctions type shops then maybe food shops he takeaways but if all the other shop accept then you need to find a niche that is not covered at the moment to be able to open a online shop     

Yeah thats right , Customers using bitcoin that is new in paying with bitcoin will make the customer curious about bitcoin and start researching in it. This will make your local area slowly widening rumors about bitcoin until many people in  your local area will pay your goods/services bitcoin

Has anyone tried this feature in practice already? I still have some doubts related security but that just makes it even more interesting of seeing how a provider can guarantee they won't just leave with the deposits. I think, the technical side of the deposit system itself will be the most exciting from this idea.

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and buy a domain also godady has a good option that cost 25$ to increase sales/visitores
search for a good desgin and attractive produts/keywords

I'm using bitccoin payment gateway for my shopify store and selling it good but amounts are less in bitcoin because so many peoples don't uses bitcoin. But I had to promote on forums to get sales through bitcoin.

Yeah Ecommerce site would best option to spread and make bitcoin in use. If sites like Ebay, Homedepot and etc accepted bitcoin means then most of the people will come to know what is bitcoin and its features. I am sure this idea will lead more adoption for bitcoin.

it is good idea but i don't think that shops will do that

   This is the most important part, cheaper then with dollars and automatically that means cheaper then on most other places. I like to buy quality stuff, and cause I dont have big salary I need to save and wait for shopping nights, sales to buy something cheaper.
   You have a great idea here, this can popularize bitcoin as currency. People will convert fiat into bitcoins if they can save money in that process.
   You need to draw up a realistic business plan, remember that profit is what youre left with after paying for everything.