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Author Topic: Reasons of why bitcoin accepting shopping sites are not famous  (Read 1711 times)
ahmedjamal1998
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April 15, 2017, 11:18:43 AM
 #21

The reason why a lot of shops on the internet aren't implementing bitcoins is mainly because it's price isn't stable and fiat $$ is what works in this world.

Some companies actually started solving this such as Bitpay which takes the bitcoins and sends cash to the companies. That's good.

Another reason for them not to accept btc directly is because it will need a team/staff to learn how to deal with it and how it works it might be simple in your eyes but it really isn't as in business you don't spend on something except it gets much more than what you spent.

I think companies will start implementing it one by one once they realize that it has a great buying potential.
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April 15, 2017, 11:24:35 AM
 #22

There is still alot of negative stigma towards Bitcoin, which means that users are concerned whether the site is legitimate, meaning it is much harder for small companies to start accepting Bitcoin.

Most of bitcoiners are screen addict. They prefer to spend their btc on gambling sites than to buy stuff. 

Well, you're generalising a crapton. I may go as far as to say you're hideously exaggerating.

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April 15, 2017, 11:24:49 AM
 #23

bitcoin is currently developing. and in fact is not yet widely-known e-commerce are adopting bitcoin as a medium of payment.
but already there are some large companies that accept bitcoin, bitcoin will continue to grow and expand their services.
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April 15, 2017, 11:28:55 AM
 #24

Considering a number of bitcoin users and their behaviour which are mostly not so consumptive that majority of bitcoin users are only spending their money for investing or any financial things. They're probably really not attracted to implement bitcoin which is could be definitely wasting their resources and time for nothing, though, most of the online stores which sell such techy things like domain, VPS, and hosting are now starting to accept bitcoin widely.
In my opinion, those store aren't necessarily needed for fulfilling my real life expenses while there's bitcoin debit card existed.

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April 15, 2017, 11:30:53 AM
 #25

1. Most bitcoin accepting online sites are already super famous

Sites like Microsoft, Steam are already established players in the industry.

2. Shopping sites? Other than the need to have anonymity by not using credit/debit or fiat to avoid tracking of identities, for now, bitcoin transactions are too slow.

Say a site wants to have a sudden speed sale? It will turn into a slow sale by the time you confirm bitcoin payments with the huge mempool now.

Side note thought, the real bitcoin "shopping sites" are in the dark corner with all the mostly non legit services. Then again, I wouldnt really call those sites famous.

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April 15, 2017, 11:32:53 AM
 #26

bitcoin is currently developing. and in fact is not yet widely-known e-commerce are adopting bitcoin as a medium of payment.
but already there are some large companies that accept bitcoin, bitcoin will continue to grow and expand their services.

Yeah, bitcoin is in developing. Bitcoin I think the future will be accepted by other large companies.
And the reason why the company, especially shopping sites are not popular in accepting bitcoin is the price is not stable, just imagine if the bitcoin price keeps changing that make price at the site changing too. Hehe Thank you
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April 15, 2017, 11:48:16 AM
 #27

The reason could be as simple as most of the bitcoin accepting sites are just not famous. They were not famous before accepting bitcoins or are famous after accepting. In my opinion bitcoin users like to spend their bitcoins on products of some specific categories and if a bitcoin accepting store have these products then advertising in a proper manner might make that shop a bit popular. When Steam and Fiverr started accepting bitcoins it was a big news because both of them are well established brands. Accepting bitcoin is not simply going to make a shop popular unless you have targeted products for the bitcoin users.
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April 15, 2017, 11:58:49 AM
 #28

bitcoin is currently developing. and in fact is not yet widely-known e-commerce are adopting bitcoin as a medium of payment.
but already there are some large companies that accept bitcoin, bitcoin will continue to grow and expand their services.

Yeah, bitcoin is in developing. Bitcoin I think the future will be accepted by other large companies.
And the reason why the company, especially shopping sites are not popular in accepting bitcoin is the price is not stable, just imagine if the bitcoin price keeps changing that make price at the site changing too. Hehe Thank you
Slowly we are being accepted already and more people were adopting bitcoins, that is a big market for businesses who would
like to operate. As we can see the volume of transactions are increasing on a daily basis and we see as well how the price just rise.

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April 15, 2017, 12:11:06 PM
 #29

Most of bitcoiners are screen addict. They prefer to spend their btc on gambling sites than to buy stuff. 

I can attest to this. Most people I know who are utilizing bitcoins don't really buy anything for themselves online; they just blow it up on sports betting or online casinos in hopes of making it big somehow. Also, one of the reasons why these online shops are not so popular since most people still choose to go the way of credit cards which they are familiar with so as no to get screwed or be fcked up by doing the wrong things with bitcoins.

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April 15, 2017, 12:18:05 PM
 #30

The reason could be as simple as most of the bitcoin accepting sites are just not famous. They were not famous before accepting bitcoins or are famous after accepting. In my opinion bitcoin users like to spend their bitcoins on products of some specific categories and if a bitcoin accepting store have these products then advertising in a proper manner might make that shop a bit popular. When Steam and Fiverr started accepting bitcoins it was a big news because both of them are well established brands. Accepting bitcoin is not simply going to make a shop popular unless you have targeted products for the bitcoin users.

Companies like Overstock are bitcoin supporters. You can't say that they are not famous.
Moreover, a lot of sites accept Bitcoin through payment processors.


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April 15, 2017, 12:26:18 PM
 #31

We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
In my opinion it happens because bitcoin is pretty well-known, but not popular yet- not many people are using it even one time in a week, and we are talking about more common use, at least two days in a week I guess.
Also, the paypal transactions system is also a big competition for bitcoin, because we dont have to pay such a high fees lately, and most importantly you dont have to wait for 3 confirmations, as with blockchain.

I think that companies and stores which sell electronic and digital goods, should focus their marketing campaining mostly on bitcoin-related forum and sites, I think it might be a really wise idea if someone is accepting bitcoin as a payment method.
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April 15, 2017, 12:30:10 PM
 #32

We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
Could you be more specific and tell us which online shopping sites are we talking about here? There are some online shopping sites that accept bitcoin like newegg and shopify stores. If you're really that concerened about these shopping sites why not ask them to start a signature campaign.

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April 15, 2017, 12:48:25 PM
 #33

We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
Could you be more specific and tell us which online shopping sites are we talking about here? There are some online shopping sites that accept bitcoin like newegg and shopify stores. If you're really that concerened about these shopping sites why not ask them to start a signature campaign.

They were not that popular yet but soon online shops will adapt btc payment, today online shops offers cash on delivery payment thats why they are more accepted by many,thats why it is use more ,it also feature free shipping that is still not available thru btc.

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April 15, 2017, 08:10:24 PM
 #34

A possible reason for this is that they do not prioritize the use of bitcoin as payment as of now. I think that they already thought about announcing their shop is already accepting bitcoin as payment. That is a basic marketing strategy. But if they do not prioritize that type of payment (via bitcoin) then they will not waste funds by having signature campaigns. They will just include in their website that they are accepting bitcoin or they will just include that detail in their banner or whatever.

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April 15, 2017, 08:26:56 PM
 #35

We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.

Well, I really want to see amazon advertising on bitcointalk.
And people having amazon signatures on this website.

Especially in the gambling and in the market place area.
Do you honestly think that this "community" is big enough right now so that the big ones will start doing campaigns here?




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April 15, 2017, 08:51:22 PM
 #36

I agree with your point they really need to promote their industry over the internet to show that they are accepting bitcoin like bitrefill is nowadays doing. Bitrefill is advertising everywhere their service with which it is doing double work one they are promoting bitcoin and the other they are getting much more clients to their service.
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April 15, 2017, 08:58:04 PM
 #37

Most of the sites that i have seen do advertise on their checkout page that they accept bitcoin. They don't usually offer this method for getting more customers, but only as a form of convenience for people who might want to pay with bitcoin. In a lot of physical stores that accept bitcoins do show a bitcoin  logo at the door.

A sig campaign for advertising their sites or shops won't do any good though.
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April 15, 2017, 09:18:38 PM
 #38

We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.

What specific bitcoin accepting shopping sites you are talking about? You won't noticed that if you don't have some list on hand.

All I can see most is, merchants accepting bitcoin but with the use of third party services and not with a direct payment of bitcoin. And for this kind of business, I don't think it's necessary for the owners to held some signature campaign here because shopping with bitcoin is a must and one of the favorite thing to do with the average numbers of bitcoin users. Customers will come automatically without grabbing them.

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April 15, 2017, 10:04:13 PM
 #39

Maybe they can't afford to have that campaignnthat is why they are staying stagnant as they are right now. If they are not that popular, means maybe their items are not that popular to bitcoin users or their services are not that good. Because if that is really a good site, then there may be a lot of costumers there making a proof here or suggesting those sites.
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April 15, 2017, 10:14:04 PM
 #40

We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.

This simply means that there are still lots of area for Bitcoin to cover to be able to be accepted in some famous sites.  These sites are advertising but due to the fact that the market is just booming, not all are aware of it.  But some business that had been around for sometime now are getting popular.  It will take time to be popular and not just overnight.
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