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Author Topic: Idea: How to increase bitcoin demand  (Read 3198 times)
goinmerry
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September 28, 2017, 07:32:56 PM
 #21


Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.

It can be done by using site's feedback or contact us forms.

This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.

To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).

The more people do this the more demand for Bitcoin there will be.

Thanks to those who do that.

It has been proposed in the past and call for Amazon to accept bitcoin is widely on request. Actually not just in Amazon but on other big merchants store too.

But honestly, like others saying here, even a store accepts bitcoin, I doubt many will used their bitcoin as a currency since bitcoin price is expected to increase for more years to come. Bitcoin holders doesn't want to take away the chances so by any means, they will just used their bitcoin if it's really needed.
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September 28, 2017, 09:26:32 PM
 #22


Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.

It can be done by using site's feedback or contact us forms.

This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.

To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).

The more people do this the more demand for Bitcoin there will be.

Thanks to those who do that.

It has been proposed in the past and call for Amazon to accept bitcoin is widely on request. Actually not just in Amazon but on other big merchants store too.

But honestly, like others saying here, even a store accepts bitcoin, I doubt many will used their bitcoin as a currency since bitcoin price is expected to increase for more years to come. Bitcoin holders doesn't want to take away the chances so by any means, they will just used their bitcoin if it's really needed.
But that will mean that bitcoin and other cryptocurrencies have value only for holding them.
Buying stuff from internet won't happen because 100% of people hold?
There are no developing countries which currencies have deflated and use Bitcoin for having value, like Venezuela?

You talk like there are no cryptocurrency payment processors? Look in Google.

Why think like that, when Bitcoin is getting more and more featured on the news and now a lot of people have heard of it? In a couple of years when the technology becomes more usable it will hopefully get massively adopted.

So, the whole point is that people who want to buy stuff from internet with crypto have to contact their sites and ask for that. Good internet stores take into account user feedback seriously and if lots of people are requesting it, they will implement it because it will make them more money. See this article: Boost conversion rate by offering alternative payment methods.

In a nutshell the more payment methods a online store has the more sales they do for the same traffic.

Both, online shops and crypto users have interest to do it. Its a win-win bank-lose situation. Everything is in place and soon it can happen. Lets do it.

Lets contribute for the early adoption of Bitcoin and stop banks from frauding the system(QE) and taxing us much more.
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September 28, 2017, 09:51:26 PM
 #23

I don't really think by filling up contact forms or sending feedback to them is a good way to persuade e-commerce website like Amazon to accept bitcoin into their payment system. Increasing the numbers of bitcoin users around the world is a better way to attract e-commerce sites to keep an eye on bitcoin, as it could generate a new source of income for their companies by targeting the group of customers who prefer to use bitcoin for payment.

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September 28, 2017, 09:58:25 PM
 #24


Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.

It can be done by using site's feedback or contact us forms.

This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.

To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).

The more people do this the more demand for Bitcoin there will be.

Thanks to those who do that.

That's a good idea, there are many ways we can introduce bitcoin, one of which is to make it as one of the means a payment on online shopping sites. if we do this and people pay with bitcoin, then more and more will recognize bitcoin and eventually they will start using bitcoin and this is a good thing for bitcoin.
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September 28, 2017, 10:05:31 PM
 #25

Thats a good idea but even if we do that Amazon cant instantly add Bitcoin as payment method. It is not an easy process and all the facts have to be calculated. They have to think about the transparency of bitcoin transactions because people cant make a dispute if they product they buyed is bad. Also they have to take in calculation the fees of bitcoin.

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September 29, 2017, 05:09:33 AM
 #26

Looks good idea to me but that will need lots of efforts and unity in between world crowd. Just making two or three application to Amazon won't help us. We will need number of applicants that too from different country's. Then only they will start thinking about the implementation of this payment system. Who knows they will not even consider it as long as couple of thousands application are arrived from each country. Each customer is price tag for them but it's valuable only if it shocks the amazons market, otherwise there will not be any use of this. Let's hope there will community about this who will lead us to perform that action today or sooner in the future.
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September 29, 2017, 05:48:21 AM
 #27

This is a very old idea.

Several big sites already had btc payments implemented.
What happened next? Bitcoiners were happy but nobody was actually using it.
Same with real stores here that started accepting btc, simply nobody using it, so they stop accepting it.

The reason for this is fairly easy to explain, because we tested it. The merchant signup for a payment processor and display a Bitcoin Accepted sticker in his window. Most of their employees have no clue and very little training on how to handle this payment option, so this creates frustration with the customers and those employees.

In many cases, customers want to know more about this "Bitcoin" thing, and the employees cannot explain it to them. < We send in dummy customers to test them >

In other cases the customers wants to try it, but they do not know how to get it. A Bitcoin ATM in the shop or nearby, would have solved that problem.

Tip : Give proper training to employees & invest in a Bitcoin ATM. < Where this was done, merchants succeeded >

Oh, and give Bitcoin Only discounts as a incentive for people to use it. < push them >

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September 29, 2017, 05:54:04 AM
 #28

http://www.investopedia.com/news/amazon-planning-accept-bitcoin-payments/

Looks like amazon gonna start accepting bitcoin payments from next month, but it can only be a rumor though.
If amazon will start accepting bitcoin than demand for bitcoin might surge a little bit and many other big merchants might start to add support for crypto/bitcoin.
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September 29, 2017, 06:01:36 AM
 #29

we know that if a thing has market value,it will be precious. Bitcoin demand can be increase by providing market value.If we can use bitcoin as payment method everywhere, bitcoin demand will be increased certainly.
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September 29, 2017, 06:13:37 AM
 #30

http://www.investopedia.com/news/amazon-planning-accept-bitcoin-payments/

Looks like amazon gonna start accepting bitcoin payments from next month, but it can only be a rumor though.
If amazon will start accepting bitcoin than demand for bitcoin might surge a little bit and many other big merchants might start to add support for crypto/bitcoin.

This days everything starts from rumor's, big money is in the game and who join in early stages have more chances for huge profits, its all about that. I don't care much about Amazon, for me they are just one more online service, I care about bitcoin and I believe that bitcoin can be just stronger if Amazon as big company starts to accept bitcoin, and that will rise the price.
Speculations about Amazon and bitcoin are here and around for years, I will wait this month and then we will see was this truth or not, spreading rumor's is not an interesting game for me, for one month we will know more and we will discuss about effects of it.

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September 29, 2017, 06:44:12 AM
 #31


Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.

It can be done by using site's feedback or contact us forms.

This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.

To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).

The more people do this the more demand for Bitcoin there will be.

Thanks to those who do that.

I guess this is working out going by the news we have heard in recent times whether confirmed or not in relation to Amazon.

However, going beyond that because most of the large e-commerce sites exist within the confines of the law, it's really beyond them to accept based on users request. For example, AliExpress which is another major site domiciled in China, I don't think would consider the acceptance of bitcoin demanded by users based on asking alone without putting into consideration the body language of government authorities at the moment.

What I suggest is also targeting small unnoticeable stores who are trying to create a niche for themselves in the already filled market, with that they could easily accept because they would see it as an untapped market rather than going after the big names alone.
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September 29, 2017, 06:53:03 AM
 #32

http://www.investopedia.com/news/amazon-planning-accept-bitcoin-payments/

Looks like amazon gonna start accepting bitcoin payments from next month, but it can only be a rumor though.
If amazon will start accepting bitcoin than demand for bitcoin might surge a little bit and many other big merchants might start to add support for crypto/bitcoin.

if Amazon (or any other big thing like it in the future) start accepting bitcoin as payment first the news of it (not the rumor though) will start a rally then it will become a big rise and price will go a lot higher in short term. but that is just the speculative effect of a good news.

the long term effects are what matter most. the fact that Amazon accepting bitcoin will put bitcoin on the radar and make it more popular every day is the biggest effect that is a long term one. people who are afraid because some random dude called bitcoin a fraud will know it was bullshit and start seeing bitcoin for what it really is: a decentralized currency.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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October 04, 2017, 08:25:42 AM
 #33

http://www.investopedia.com/news/amazon-planning-accept-bitcoin-payments/

Looks like amazon gonna start accepting bitcoin payments from next month, but it can only be a rumor though.
If amazon will start accepting bitcoin than demand for bitcoin might surge a little bit and many other big merchants might start to add support for crypto/bitcoin.

This days everything starts from rumor's, big money is in the game and who join in early stages have more chances for huge profits, its all about that. I don't care much about Amazon, for me they are just one more online service, I care about bitcoin and I believe that bitcoin can be just stronger if Amazon as big company starts to accept bitcoin, and that will rise the price.
Speculations about Amazon and bitcoin are here and around for years, I will wait this month and then we will see was this truth or not, spreading rumor's is not an interesting game for me, for one month we will know more and we will discuss about effects of it.
If great businesses like Amazon which has thousands of customers will accept bitcoins, definitely it will increase the popularity of this digital currency.

Like Uber has accepted bitcoins, the users started trusting bitcoins more than before. I think Amazon will accept it this time. It must finally understand the value of bitcoins. I am expecting positive results.
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October 04, 2017, 08:31:22 AM
 #34

http://www.investopedia.com/news/amazon-planning-accept-bitcoin-payments/

Looks like amazon gonna start accepting bitcoin payments from next month, but it can only be a rumor though.
If amazon will start accepting bitcoin than demand for bitcoin might surge a little bit and many other big merchants might start to add support for crypto/bitcoin.

This days everything starts from rumor's, big money is in the game and who join in early stages have more chances for huge profits, its all about that. I don't care much about Amazon, for me they are just one more online service, I care about bitcoin and I believe that bitcoin can be just stronger if Amazon as big company starts to accept bitcoin, and that will rise the price.
Speculations about Amazon and bitcoin are here and around for years, I will wait this month and then we will see was this truth or not, spreading rumor's is not an interesting game for me, for one month we will know more and we will discuss about effects of it.
If great businesses like Amazon which has thousands of customers will accept bitcoins, definitely it will increase the popularity of this digital currency.

Like Uber has accepted bitcoins, the users started trusting bitcoins more than before. I think Amazon will accept it this time. It must finally understand the value of bitcoins. I am expecting positive results.
Another one is start legalizing bitcoin and give incentives to those who pay using it. Many people is scared of bitcoin because of bad publicity that it is connected with black market. In our country there is certain company/ mobile application that gives incentives, bonus and freebies to those who use bitcoin as payment and I see positive feedback about this.

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October 09, 2017, 05:49:31 PM
 #35

I would be happy to submit a request to Amazon. Do you have a link to a contact page on Amazon where we can enter our request?

Even better: What if you made a template for us and we could just copy/paste it to make it easier for us?

Alternatively, we could start a [Suspicious link removed]. I think it could have a chance to spread awareness, especially if we can get it on Reddit somehow.

Yep, that's a great idea. I'll do a site listing top online retailers, and instructions on how to contact them, and what to write. For example, Amazon has hidden its contact form several levels deep and its not easy to find. I'm quite busy but will try to do the site in 3-4 days.
I think it is easy. Increase the market capacity of bitcoin I mean the approach of people should be easy and the acceptance everywhere, transfer should be made in seconds and no transaction fee, install bitcoin ATM machines everywhere in the world, so that anybody from any country should be able to withdraw his requested amount from anywhere he wants and make it secure.
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October 09, 2017, 06:05:13 PM
 #36

I think it is easy. Increase the market capacity of bitcoin I mean the approach of people should be easy and the acceptance everywhere, transfer should be made in seconds and no transaction fee, install bitcoin ATM machines everywhere in the world, so that anybody from any country should be able to withdraw his requested amount from anywhere he wants and make it secure.

Easy is not the question here. Effectiveness may not even be the question. Bitcoin's strength lies in its community being its most vocal advocates, being its loudest supporters. I think its growing success is the result of organic adoption. Even if you look back at the major retailers and payment services who've accepted Bitcoin in one way or other, it didn't lead to a massive surge of sales from Bitcoin.

It has been relatively easy to accept Bitcoin (albeit through 3rd party processors like Coinbase) but until people are first convinced that Bitcoin is their choice of alternative currency, you won't drive natural adoption. It's got to happen the other way around. When retailers and major financial movers see that they are excluding a large group of users, then they will adopt it.

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October 09, 2017, 06:27:40 PM
 #37


Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.

It can be done by using site's feedback or contact us forms.

This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.

To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).

The more people do this the more demand for Bitcoin there will be.

Thanks to those who do that.

This is a good way to increase the demand for Bitcoin but this is too specific. The main though here is to spread awareness and acceptance but it is not limited to Amazon or any other online shop. Though this is a step, but let us not limit ourselves here. We could use social media to spread the words of Satoshi (already happening), Media exposure (already happening), personal talking to people about Bitcoin (only few people are doing this).

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October 09, 2017, 06:34:23 PM
 #38

As with any new technology, there is an adoption curve. Bitcoin is following that curve very well, It is supposed to reach a new peak in 2020.

Until then we should educate ourselves and our friends and family about the uses of Bitcoin and other crypto.
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October 09, 2017, 06:39:19 PM
 #39


Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.

It can be done by using site's feedback or contact us forms.

This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.

To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).

The more people do this the more demand for Bitcoin there will be.

Thanks to those who do that.
You look like new to the forum. This idea has already been discussed quite many times but the problem that persist is the transaction fees and highly volatile prices. Bitcoin prices sometimes fluctuate by 1000$ a day. How are they going to change prices of their products everyday? Moreover for such network to prevail they have to pay their dealers too with bitcoins.

Exactly right say, I agree with you. It is not possible to add Bitcoin in Amazon's payment gateway until the Bitcoin price becomes stable. Bitcoin price always pumps and dumps. That's you they can't balance between product price and Bitcoin price.
GreatOrchid
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October 09, 2017, 06:43:03 PM
 #40

I think that the only way to increase the demand is by adapting bitcoin to many services, maybe if we can add bitcoin to amazon/ebay/apple stores it would be much easier for "old customed" people to start learning about bitcoin, and they will feel so attracted that they will buy it.
And this is how the demand will rise, the same will apply if it is promotioned on the TV, or in radios, or maybe in some spots over the streets.
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