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Author Topic: World Bitcoin Market-suspend business  (Read 1354 times)
hihog11
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December 23, 2011, 03:02:14 AM
 #1

II am sad to see them go http://bitcoinworldmarket.com
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adamstgBit
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December 23, 2011, 05:55:09 AM
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 Cry
Spend your coins, people!

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December 23, 2011, 06:25:44 AM
 #3

http://www.thebitcointrader.com/2011/12/bitcoin-and-conventional-business-do.html

Bitcoin and Conventional Business do not Mix

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It's time to be truly honest about what we're up against in terms of motivating the adoption of Bitcoin.

Imagine the best-case scenario where Bitcoin exchanges accept credit cards, directly. There is absolutely no way they will be able to drop a credit card deposit fee below a very generous 2%, and that's assuming that chargebacks won't happen, which they will.

Add the additional 0.5%, or so, that you would have to pay for actually buying the Bitcoins on the exchange, and you're looking at a minimum of 2.5% in fees from the get-go. That 2.5% already negates any savings that a merchant could offer for someone willing to pay with Bitcoin. Right there, we know it makes absolutely no sense to offer a product or service for Bitcoin when the same thing can already be acquired with credit cards or PayPal. Now you understand why Cheaper-in-Bitcoins made almost no sales whatsoever, and why you'll never see Amazon adopt Bitcoin.

I will add that, yes, there are ways to purchase Bitcoins without credit cards, but they are inconvenient and the savings would not be sufficient to motivate someone to go out and buy Bitcoins so they can buy conventional goods online.

The rest of my post talks about where Bitcoin will succeed.

Matthew N. Wright
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December 23, 2011, 06:30:47 AM
 #4

Cry
Spend your coins, people!

Offer something worth buying!

If I could buy orange juice, cereal, pay my rent and utilities and go to a theme park with bitcoins, why would I ever hold on to them?

NothinG
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December 23, 2011, 06:45:11 AM
 #5

Cry
Spend your coins, people!

Offer something worth buying!

If I could buy orange juice, cereal, pay my rent and utilities and go to a theme park with bitcoins, why would I ever hold on to them?
How about Steam games?

robocop
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December 23, 2011, 09:00:10 AM
 #6

If I could pay with Bitcoin then I would use it.

But the problem is that the most public shops don´t accept Bitcoin and the small shops don´t have the suitable products which I want or the price is too high because any shops and trader try to make the big money and become public with Bitcoin.

So I don´t see the problem of hoarding or speculation because what the Bitcoin owner should do else with Bitcoin?

Play poker and make the owner of that sides rich ;-) ?
Donate projects?  But hundred of Bitcoins?
Buy things what he doesn´t need or want?

Patience is it what we need and then Bitcoin will accepted more and more. ;-)

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