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Question: Would you use Bitcoin to buy appliances for your home/business?
Yes
No
ABSOLUTELY NOT!  I'm hording all of my Bitcoins

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Author Topic: Would you use crypto-currency to buy appliances?  (Read 1500 times)
Norm13sg3t0ut
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October 25, 2017, 08:18:55 PM
 #21

Buying stuff with crypto is always nice!
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October 25, 2017, 08:36:09 PM
 #22

The Idea is very good but their are some issues which have to be cleared like, you told that refund will be in USD or equivalent on that value of bitcoins so it means that if the buyer buy with you when the price of bitcoin was $6000 and when he is returning the material due to some problem so you will give him refund in USD or equivalent to it and the price of bitcoin that time is only $4000 so then automatically the buyer is in loss, so whether the buyer accept it or not. but i think it will create a bad image to the project. Next is what about the delivery charges like are you going to support whole world or particular to your location only.
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October 26, 2017, 06:08:11 AM
 #23

Yes, but for now I would like to keep my btc until I hit my price target. Btc is very valuable so maybe I would consider buying an appliance if it is a high-tech or state of the art television or refrigerator.

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October 26, 2017, 01:15:52 PM
 #24

The Idea is very good but their are some issues which have to be cleared like, you told that refund will be in USD or equivalent on that value of bitcoins so it means that if the buyer buy with you when the price of bitcoin was $6000 and when he is returning the material due to some problem so you will give him refund in USD or equivalent to it and the price of bitcoin that time is only $4000 so then automatically the buyer is in loss, so whether the buyer accept it or not. but i think it will create a bad image to the project. Next is what about the delivery charges like are you going to support whole world or particular to your location only.

Not true.  If BTC drops to $4,000 USD the customer would still get $6,000 USD in return or 1.(###whatever###) the BTC equivalent of $6,000 USD is at the time of the return so there is no loss for the customer.  We will ship internationally, but 98% of our business is done in the US.
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October 26, 2017, 01:18:49 PM
 #25

It will be the best day in my life, when crypto will be an additional payment option in any POS with no matter to location. But this day is definetly far from today...
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October 26, 2017, 02:14:01 PM
 #26

Yes if  I have a lot of crypto-currency, I buy appliance using my crypto.. Not only appliance but everything that will accept crypto.. That's why crypto iso important now and a days..  Smiley thats all and God Bless

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October 26, 2017, 03:26:31 PM
 #27

Why do you think only about appliances and not other goods and services?
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October 26, 2017, 05:10:29 PM
 #28

Let's face it, crypto-currency is gaining too much momentum to be considered a "fad"...  With that in mind, the company that I work for is looking to be an innovator in our field and add Bitcoin as an acceptable payment method! 

Our primary customers are in the commercial restaurant/commercial kitchen industry, but I am curious to see how individuals "in the know" feel about using Bitcoin or other crypto-currencies to pay for kitchen appliances.  Our basic model is that all pricing would be in $USD and if refunds are required, the amount refunded would be in $USD or the market equivalent of Bitcoin on the day the refund is processed.

We would be the first company in our "space" to accept BTC and we will be watched under a microscope by our competitors.  We want to ensure that we have all of our ducks in a row before launching this initiative, but we feel that accepting BTC will open up unexplored territory for our business.  Our target audience will be forward thinking, early adopting entrepreneurs who are looking to strike while the BTC iron is glowing red-hot!  According to http://bitcoinrestaurants.net/, more and more restaurants are accepting BTC so it only makes sense that they would prefer to spend BTC directly from their "wallet" to save to hassle of converting to $USD.  Market research suggests that www.overstock.com accepts over 60 different types of crypto-currency which accounts for .2% (>$2 million) of their total revenue so this seems like a viable move for us.

Long story short, it isn't a matter of "if" we plan on accepting BTC, but a matter of "when".  Please feel free to offer any thoughts, suggestions, comments, feedback, etc. that may help us usurp any potential future pain points.  This is a very exciting time and I am anxious to see how you feel about this project and what your replies have to offer!     

Thank you in advance for your time and responses!
Why not? That would really be a convenient thing for me on where i do able to spend already my bitcoins directly without the need of converting on fiat but on this situation it would really still vary because wasting up your bitcoins on this common transactions which you can actually be done on using fiat which is more wiser.It would depend if you would make use of btc but for me its much better to save up for longer runs.As long we can still use up our fiat on common or traditional stuffs then its still a good option.


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October 26, 2017, 08:49:08 PM
 #29

How you folks estimate "The best"?
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October 26, 2017, 10:04:25 PM
 #30

Yeah definitely have and would again.

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October 26, 2017, 11:43:46 PM
 #31

Im using a debit card for bitcoin and i can buy everything on internet that accept debit card. Aside from appliance we can also buy stuffs and services online. Soon the whole word will become a cashless society. All we need is a phone and internet to pay for everything we wanted.

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October 27, 2017, 07:42:54 AM
 #32

This is another progress that bitcoin has made as the coins was not created in the first place as assets to be trade in Stock Exchange market but to be used as money.your company accepting bitcoin for goods or appliance is to affirmed that bitcoin was made to be used as money for the purpose of buying goods and payment for services and not to hold as investment but a medium of exchange for goods and services. Hope more companies adopt bitcoin in future including big shops and companies.

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October 27, 2017, 08:33:27 AM
 #33

very good idea,
i believe this idea will be come true, tomorow or next year.
because, future technological developments are still very long, and you are right as a leader



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October 27, 2017, 09:47:44 AM
 #34

I think people will go with buying the appliances with cypto money because of its easy use and ordering internationally as well becomes easy because payment can be done with very low fees with btc or any other coin. Only thing is that international shipping delivery should exits with the company so that it can easily scale up its business.

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October 28, 2017, 01:34:26 PM
 #35

I think in your cases there should not be even a question "when". Because it had to be done yesterday! The statistics given by you speaks for itself. Good luck Wink

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October 28, 2017, 01:53:49 PM
 #36

Yes., Ofcourse using cryptocurrency to buy appliances and any other thing that can be bought in malls,restaurant shops etc is a good idea. It is one way of introducing our Bitcoin externally.

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October 29, 2017, 02:06:44 AM
 #37

I have never used my Bitcoins for any transaction l. I just trade it into fiat currencies which serves as an investment similar with forex. But I think today, companies are now starting to accept Bitcoins in exchange of services rendered and consumer products being bought. This is because they are now adapting the idea that Bitcoin is really something for future and development. It is a good way also for the company to have an additional means of payment, an option for their costumers and clients.

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October 29, 2017, 06:03:57 AM
 #38

Eventually even hodlers will want to spend some of their BTC so I am hoping that not only the OP starts accepting BTC but many other retailers.
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October 29, 2017, 04:34:22 PM
 #39

If the mall supports
I will
New way
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October 29, 2017, 05:08:04 PM
 #40

the currency issue will be the biggest issue for you.  are you planning keeping most of the BTC you receive or will you have to convert it to pay your employees, vendors, etc..  I saw earlier you mentioned you were thinking about the potential for refund abuse, but if you have to peg to the USD you will be staring at BTC price charts alot!
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