shopping with BTC

[Sundark]

It's good for bitcoin, but i haven't seen any place that accepts BTC yet

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[Alex_nutis]

First you buy BTC, and then only you buy a thing for BTC. The seller of things can also pay off the manufacturer with the help of BTS or sell for cash. As a result, such a long chain of transactions increases the liquidity of bitcoin, and hence its value will grow.
Payment services such as TenX, OmiseGo and others help to convert various crypto-currencies and national currencies into each other, which simplifies and accelerates the use of payment systems.

[richmcrich]

Best choice right now. You can buy almost anything with bitcoin nowa days so It's really cool. Also , platforms like steam accept bitcoin for more than an year , I mean it's a biliionare company who made the smartest choice back in 2015.

There is no doubt in this that it appears really cool when you do some online shopping with bitcoin. Bitcoin is the future of the world currencies and this is the only reason large companies are showing great interest in bitcoin these days and accepting them as a mode of payment.

Bitcoin is seriously going to astonish all of us by the amazing tendencies it has of increasing in value over time. In short, we should use bitcoin in daily life.

[roddy5]

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

Of course it will be good, if there will be more companies who will accept it as a payment then bitcoin will have more demand since it will be widely used. and once the demand goes high expect for a higher bitcoin price.

[shata]

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

Well, in our case i will say that It's good to shop with Bitcoin. Because If many stores will accept Bitcoin as mode lf payment, they are also one who will gain profits while holding their bitcoin. In the contrary, we will be benefited because we will be secured in holding our money, because nowadays, many snatchers are always aware for every people around them. That's why we need to secure. And one thing that i know, Bitcoin can have a transaction anonymously and fast. So, if you will pay to the shop, in just some seconds, your purchased thing has been paid.

[goldade]

If we could go shopping using bitcoin to pay for the goods,  it means that the general  acceptability of bitcoin is going up which is good for bitcoin.  If more people accept bitcoin as a currency, the price of bitcoin will go higher as there will more transactions than in previous years and there will be higher circulation of bitcoin in the economy.

[roadmarket]

The possibilities of involvement of bitcoin in a normal day to day buying of goods can really happen and I think those big companies are now looking on it but I think it woulld affect the pricing of bitcoin and they are right it's either the buyer or the company will incurred loss because of the fact that the value of bitcoin fluctuates from time to time.

I think bitcoin pricing needs to be stable for that to happen. so whether stability happens because of the buying/selling mass adoption or financial markets adoption first, doesn't matter. At that point, you will hit the bigger problem. The transaction capacity of bitcoin itself.

We have also launched an android app that lets you buy and sell directly using bitcoin. https://play.google.com/store/apps/details?id=com.benipaltechnologies.road

I have the discussion going on re: that in another thread. https://bitcointalk.org/index.php?topic=2535774.0

Sukhbir

[RamonBTC]

In a short term yes it will hurt bitcoin price as it will surely be considered it as dumping that will resulted to its decrease. But in the long term as mainstream as it be and many will buy bitcoin for this purpose it eventually be an investors numbers increases so demand add up and bitcoin price increases. This is the case for us now having in an adaptation phase and it will soon be better.

[Flowzer]

shopping using bitcoin is very risky. because bitcoin can change very quickly. maybe if the high bitcoin price of the company will experience profits but if the bitcoin price drops then the company will only incur losses. should use fiat money better for buying and selling. because the price is stable. bitcoin just as an investment not to buy goods or services.

[adzino]

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

It's not the seller who sell the bitcoin right away. They use some third-party gateway who accepts the bitcoin and pays the vendor in fiat or traditional currency. So i guess the third-party holds the coin for themselves, thus not affecting the price of bitcoin.

[GasGeverij]

I shop with da TenX card soon it's pretty sick

[Markzuckertion]

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

There are many vendors that help bitcoin users to use their bitcoin. Of course it will be good if we can use bitcoin directly to purchase something . If it happen, it will increase the people interest of bitcoin, then it will make the prise rise. I hope not only for btc but also another cryptocurrency.

[hadveach]

I think it's good, and a progress can be transactions using BTC, meaning it does not have to be redeemed into cash currency, and that will affect the bitcoin price becomes higher.

[bncbnc]

The possibilities of involvement of bitcoin in a normal day to day buying of goods can really happen and I think those big companies are now looking on it but I think it woulld affect the pricing of bitcoin and they are right it's either the buyer or the company will incurred loss because of the fact that the value of bitcoin fluctuates from time to time.

I think bitcoin pricing needs to be stable for that to happen. so whether stability happens because of the buying/selling mass adoption or financial markets adoption first, doesn't matter. At that point, you will hit the bigger problem. The transaction capacity of bitcoin itself.

We have also launched an android app that lets you buy and sell directly using bitcoin. https://play.google.com/store/apps/details?id=com.benipal.road

I have the discussion going on re: that in another thread. https://bitcointalk.org/index.php?topic=2535774.0

Sukhbir

I think still it will take a lot of time for the price of bitcoin to become stable, because still a lot of people are joining the bitcoin world which is making bitcoin  to increase more and more. i think that it will take a lot when all the people of the world will start using bitcoin and will make bitcoin price as more stable.

[donovank]

There are company's like TenX that you can buy a credit card that you can put bitcoins on, and then use like a normal credit card.

[b1946ac]

I think online shopping with bitcoin is one of its best use cases, since it is the only form of online payment that is secure without a third party. With that said, in its current state, it is not very usable due to unstable price high fees. I'm hoping lightning will fix this soon.

Any time I make a payment online I have 4 options:

 - Pay with credit/debit card. This requires me to input the card number and anyone with the card number can spend it. How can I trust the website I enter it in to? I hate doing this and use this method as little as possible.
 
- Pay with internet banking. This only works in my own country as my bank does not like to send money to banks outside my country. (I know they can somehow, I just don't know how they do and can't be bothered finding out. Also currency conversion, fees etc.) Inter-bank transfers also take 1h-1d (longer on weekends because its all automated and everything but they like to keep people thinking its not or something stupid thing like that.), although instant if buyer-seller use the same bank. Few online stores accept this, the only one I know that does is my country's airline and localbitcoins.

 - Pay with voucher. This is quite secure as I can buy Google play vouchers from the local supermarket, but non-Google store will not accept them and I'm trusting Google to up hold them. Google Play is just an example, it could be Steam or whatever.

 - Pay with bitcoin. This is secure as I sign the transaction but don't reveal my private key. (Treat the debit card number as a private key you are giving to some random website. Both numbers do the same thing, allowing the spending of your funds.) I'm not trusting any 3rd party, not the bank, not paypal, not the voucher maker. It's like cash but without even needing trust in the Gov.

This is why I personally use bitcoin to buy online if it is given as an option, and seek out sellers that provide such an option. I have bought quite a few items online this way and don't much care that I spent 0.01BTC on an alarm clock because at the time, both the alarm clock and the bitcoin were worth 10$, what happens after the fact doesn't really matter. I got exactly what it was worth at the time.

As for merchants converting to $ after my payment, that also doesn't really matter. They have supply chains valued in $ and it makes sense for them to use that currency in case of bitcoin price drops. The bitcoin is still being sold on to someone who is using it and the fact that people can buy things in bitcoin and are doing so helps the bitcoin economy.

I don't so much use bitcoin in person as it doesn't have the transaction throughput and is difficult to obtain. I also don't know of any shops in my city that accept it, I wish this would change but still would probably not be able to use it locally due to being paid to a bank account and not wanting to pay fees to transfer to bitcoin. In person there is more trust as I can see the visa machine and shop attendant, they have a physical presence and I can call my bank to investigate if they take the wrong amount or just use cash. Anyway that's just my 2 Satoshi's

[thet]

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

Its a good idea, users will get a good benefits when it is already allowed in the market. No need to bring a cash when you need to buy something. It is an easy thing

[alexsandria]

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

I think that idea of using bitcoin in malls when you are going to shopping is a brilliant idea because we all know that people nowadays are into malls and most of the time they spend in malls just to kill time. And we also know that most of the people today are using bitcoin or have some savings in bitcoin so I guess if this idea will going to happen many will be happy.

[gambitcoin53]

maybe buying stuff and paying it with bitcoin directly will cause some problem, if you are planning to use you bitcoin in buying online or on a physical store or merchants, better convert it to a much acceptable and already circulating currency, you can always convert, every time you are planning to go shopping, but for now, bitcoin stays on your online wallet and convert it first before purchasing stuff.

[Anonymous Kid]

Disagreed