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Author Topic: Quote prices in Bitcoin or Satoshi  (Read 217 times)
SmartGold01
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June 17, 2023, 10:04:44 PM
 #21

I know people already given some suggestion that would suit the best but have you also though of leaving the price in Dollars value, then can you include more payment options. That is to say, anyone who clicks to pay with bitcoin automatically gets the equivalents in bitcoin to pay, let say an item is sold for $100 (USD) and you includes about 2 to 3 payment options. Those who wishes to pay with their card may pays directly with it, while those who wishes to pay with bitcoin get price automatically displayed on address below the QR scan code to generate ~BTC0.0038, then anyone who is paying knows that they are paying directly the exact value generate from the site instead of them having to do some conversion or having to include some bitcoin charts, same can be implemented to other cryptocurrencies maybe if you had any plan to include them in future. Please do not see my post as someone who is spamming maybe if you think the information gotten above are enough for you then skip only just trying to throw little light. We are in world were people don't like stress or much task to get what they want, and I believe the site is open for all countries.

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Jet Cash (OP)
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June 18, 2023, 08:52:29 AM
 #22

Thanks for the suggestion SmartGold, but I refuse to accept or list US dollars. It is no longer the world currency, and this was caused by Washinton weaponising it, and destroying the US economy with reckless spending and debt. I'd rather use gold as a non-volatile base, but I suspect that gold will appreciate over the next few years. Bitcoin seems to be the best bet for a base currency, and, as I am in the UK, then I need to include Sterling. The old British Empire that arose from the Knights Templar has morphed into the current globalist elite that controls Washington, Westminster and the EU amongst others. This will result in their currencies being combined at some stage, but this may not be in my lifetime. In the meantime, I have to live with the currenct changes to our economies. I will be able to introduce a UK or European CBDC when it arrives, but I still want to use Bitcoin as the central yardstick. ( and I won't be calling it a metrestick - I'm such a non-woke Luddite Smiley ).

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
Blitzboy
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June 18, 2023, 11:04:54 AM
Last edit: June 18, 2023, 11:23:45 AM by Blitzboy
 #23

Indeed, its a classic catch-22! Satoshi prices can be overwhelming for novices, and fractional Bitcoin prices? With an excess of decimal places, its a recipe for confusion

But, as pioneers, we must make Bitcoin transactions commonplace, not evade them. Cryptocurrency is a bold change, laden with opportunities. Whats the game plan? Showcase prices in both fiat and Bitcoin. The former serves as a reference; the latter fosters adoption. Simplify Bitcoin prices, note potential swings, and remember, transformative shifts like the Bitcoin economy take time!

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DaveF
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June 18, 2023, 02:42:31 PM
 #24

Most places that do cash & crypto do BTC
However, if you are using LN it is usually displayed in sats

There are obviously some exceptions, but for the most part that is at least why I have been seeing.
Personally I don't care that much, either way works for me.
But this IMO is important, make sure you are using a fair and public conversion rate that people can verify.

Seeing $10 = 0.0003766 is fine. But if I can't verify you conversion rate or it's far from the large well known sites you are going to have issues.
bitmovers is a perfect example of how to do it.

-Dave

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Jet Cash (OP)
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June 18, 2023, 03:13:59 PM
 #25

Thanks for all the replies and advice. I guess it is time for an update.

The objective is to create a site that supports my initiative to save old and classic cars, and to encourage people to keep their existing cars for longer. This will be a massive help to the environment, as manufacturing and distributing an average car produces more pollution and environmental damage that is created during it lifetime of use. This site will proivide a source for spare parts anbd recoverable vehicles, and link to articles and videos to help users maintain their vehicles. This domain is just one in a collection that I am constructing. I want to include Bitcoin, and information on Bitcoin, as I believe that Bitcoin is a major asset for people who decide to live on the fringe of the dystopia that is being created at the moment.

Creating a website from scratch has become impractical as a result of the wide range of viewing devices. In my opinion, it is better to use a template or a CMS to speed up the creation. Shopping cart sites are quite complex now, and are geared towards retailers using PP and credit cards, neither of those are suitable for me. Another problem is that in most cases only one item will be available. Also, I wanbt to build a list of sold items for reference. I looked at several shopping carts, and CubeCart seems to be the best for my purposes, and I've been experimenting with it over the last few days. This includes adding Bitcoin payments. I decided it was simplest to add products with a Sterling price, and allow users to convert to Bitcoin using the currency button at the top of the page. If you are interested in the initial site, then here is the link -
The Shop at Save old Cars
Please bear in mind that this is very early in the development of the site, and I am still considering  how to optimise the layout. I will add some images faily soon, as the current ones are the stock images that came with the installation.

I'd be interested in any comments, rude or otherwise. Especially in relation to the handling of Bitcoin payments. I will need to add a descriptive page, and explain the the quoted Bitcoin price is for guidance only. I'd also be interested in hearing the experiences of any members who have implemented a marketing cart with Bitcoin pricing.

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
Fivestar4everMVP
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June 18, 2023, 04:19:05 PM
 #26

I'm having trouble with deciding how to quote prices in Bitcoin. It's OK for domains, as I'm currently negotiating one sale for BTC 0.2. However, I want to start selling classic car parts, and I'm setting up a shopping site. So how do I quote a price for an itedm which is ( say ) £10. The current Bitcoin price would be 0.0005032273226268366 and Satoshi would be 50560.637930455334 ( prices taken from Coinbase, and may indicate price movement whilst I am posting ). Obviously I can round the amounts, and I would quote 50560 Satoshi, but that could frighten a buyer. The Bitcoin price of 0.0005 looks more manageable, but will probably confuse the buyer. Another alternative would be to quote the price in Sterling, and include a link to a conversion site such as coinbase or XE. Do any of you guys list low cost items in Bitcoin?
I personally think that your best bet is to quote every item in dollars, or euro, or pounds, which ever is your native currency and one you believe is the native currency of your most targeted customers, and not without an inscription that bitcoin is the only acceptable mode of payment, this is if bitcoin is actually the only mode of payment you want to be accepting, customers can then select items they wish to purchase, and on check out, you implement a system that checks and convert the total sum to be paid to bitcoin, and an address displayed for the customer to send the exact specified amount of bitcoin to...

This is simple, and won't confuse customers I believe.
You can also integrate a currency tab, where customers have the liberty to switch to which ever currency they wish to view items on the site in, this is an added advantage to your store.

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