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Author Topic: Would u pay in bitcoin?  (Read 8675 times)
soccosocco
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August 30, 2014, 08:01:22 PM
 #141

depends if the sale of a limited edition item, maybe I can use my real money to buy it
because if I use bitcoin I should make my wallet and buy from the exchange
not to mention my bitcoin processing time thus making the goods sold out
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feryjhie
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August 30, 2014, 08:09:39 PM
 #142

for me
yes i would pay in bitcoin because for now i have much bitcoin.

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August 30, 2014, 08:24:02 PM
 #143

I would pay for sure in bitcoin, in this way I support the currency and maybe increase its adoption.
JerryCurlzzz
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August 30, 2014, 08:24:13 PM
 #144

sometimes when we buy any item with bitcoin, there are a lot of discount we can get, as example if we buy laptop or gadget, we can get discount until 20%. If this is continues, maybe I will always paying anything with bitcoin, hopefully this is always happen when we shop ...
Up to 20%? Are you sure? I didn't realize that the margins on laptops was so high.  Smiley

Someone just posted in another thread that Newegg is giving 30% discount on orders above 500$ paid in bitcoin.  Not confirmed but not denied either.

A good free-market capitalist should buy all their stock with bitcoin and then sell it on eBay with a 25% markup.  Cheesy

Unless their plain (non-discounted) price already is 35% over the rest of the market, of course.  Grin

Well, if it was happening a couple days ago, it doesn't seem to be happening now. I just tried to order a desktop PC. It actually applied a 20% discount before choosing payment method. After choosing bitcoin as a payment method, the amount did not change.
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August 30, 2014, 08:55:21 PM
 #145

I would pay at a premium, and be paid at a discount for Bitcoin.

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August 30, 2014, 09:39:14 PM
 #146

I pay in bitcoin all the time, but that's because I am a trader, and spending in bitcoin is the principle way that I cash out my gains. If I weren't a trader, would I buy BTC to spend? No. But I might buy BTC to invest and spend down the road, if I were that type of investor.
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August 30, 2014, 10:02:20 PM
 #147

Well, if [ 30% discount for bitcoin purchases ] was happening a couple days ago, it doesn't seem to be happening now. I just tried to order a desktop PC. It actually applied a 20% discount before choosing payment method. After choosing bitcoin as a payment method, the amount did not change.

Thanks!  Sorry, but that was what people claimed in some other thread.  I gave googled it now, it was/is just a 2-day-only offer, 75$ for purchases over 300$, or 150% for purchases over 500$:
http://www.newegg.com/global/uk/Info/NewsroomDetail.aspx?ID=1354&Type=3

Thus the max discount was 30% if you buy exactly 500$, less for other amounts.  If their "normal" discount is 20% then it is not that impressive.

Still, I would like to know who was picking up the tab of that discount: Newegg or Bitpay?

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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August 31, 2014, 04:28:07 AM
 #148

sometimes when we buy any item with bitcoin, there are a lot of discount we can get, as example if we buy laptop or gadget, we can get discount until 20%. If this is continues, maybe I will always paying anything with bitcoin, hopefully this is always happen when we shop ...
Up to 20%? Are you sure? I didn't realize that the margins on laptops was so high.  Smiley

Someone just posted in another thread that Newegg is giving 30% discount on orders above 500$ paid in bitcoin.  Not confirmed but not denied either.

A good free-market capitalist should buy all their stock with bitcoin and then sell it on eBay with a 25% markup.  Cheesy

Unless their plain (non-discounted) price already is 35% over the rest of the market, of course.  Grin

Well, if it was happening a couple days ago, it doesn't seem to be happening now. I just tried to order a desktop PC. It actually applied a 20% discount before choosing payment method. After choosing bitcoin as a payment method, the amount did not change.

This could very well be a glitch with they shopping cart software. AFAIK their official offer is $75 off orders $300 or more when paying with bitcoin. So any other scenario would mean that the customer is potentially liable for this difference if they don't pay in bitcoin (maybe the discount would be removed if you choose a payment method other then bitcoin).
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August 31, 2014, 04:29:40 AM
 #149

I would pay with bitcoin on some occasions.
Once BTC completely stabilizes I would be more than willing to pay with BTC.

Currently I just use BTC to quickly send transactions with no fees.
Nothing big really.

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August 31, 2014, 05:59:04 AM
 #150

I would pay at a premium, and be paid at a discount for Bitcoin.
Best options for a pinchpenny  Smiley


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August 31, 2014, 10:23:39 AM
 #151

Of course yes, if the discount/the price is very big  Grin
If the discount very small/the item price is mall, i will use fiat

But if i already have wallet & enough bitcoin, i will use bitcoin  Cheesy
And this case is not usually happen

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August 31, 2014, 10:35:26 AM
 #152

My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?


Interestingly enough Newegg has a promotion for Bitcoin going on right now that is testing that theory out
If you buy an Xbox One using newegg for 399.99 and get 50 dollars off its 349.99 + 20 dollars for shipping and that can't be beat anywhere else as it is a fixed price item.
By the same token if they bought 500 dollars of merchandize they would get to spend another 100 dollars and get 150 dollars off a 500 dollar purchase.
So 350+40 for shipping is = 390 dollars still cheaper than what they would get an Xbox for in the Store + They get a 100 dollar item basically free.

So in my opinion some people would do it if they find something they want, especially if its a fixed price item and they can still save more money and get more stuff than if they went to a Walmart to check it out Smiley.

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September 01, 2014, 06:00:25 PM
 #153

No, because I am unable to at least own 1 BTC. Once I have 1BTC in savings, i can spend some.
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September 01, 2014, 08:49:09 PM
 #154

My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?


Interestingly enough Newegg has a promotion for Bitcoin going on right now that is testing that theory out
If you buy an Xbox One using newegg for 399.99 and get 50 dollars off its 349.99 + 20 dollars for shipping and that can't be beat anywhere else as it is a fixed price item.
By the same token if they bought 500 dollars of merchandize they would get to spend another 100 dollars and get 150 dollars off a 500 dollar purchase.
So 350+40 for shipping is = 390 dollars still cheaper than what they would get an Xbox for in the Store + They get a 100 dollar item basically free.

So in my opinion some people would do it if they find something they want, especially if its a fixed price item and they can still save more money and get more stuff than if they went to a Walmart to check it out Smiley.

When you have these levels of savings, anyone that is looking to buy something that is also sold on newegg would be crazy not to take up this offer. You could simply buy more bitcoin on an exchange in the amount that the item retails for and end up with more bitcoin then what you started with.

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September 01, 2014, 09:03:55 PM
 #155

Of course yes, if the discount/the price is very big  Grin
If the discount very small/the item price is mall, i will use fiat

But if i already have wallet & enough bitcoin, i will use bitcoin  Cheesy
And this case is not usually happen
I think this is what will drive the adoption of bitcoin to the masses. Since merchants have lower costs associated with processing bitcoin related payments, they will be able to pass along these savings onto their customers.
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September 02, 2014, 02:22:50 AM
 #156

i am using bitcoin already
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September 02, 2014, 03:09:48 AM
 #157

I would pay at a premium, and be paid at a discount for Bitcoin.
Why would you do this? It would be better economically to use an exchange to first convert to/from fiat. (assuming that the discount is large enough to overcome the costs associated with accepting a fiat based payment).
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September 02, 2014, 03:39:57 AM
 #158

Alot of people would like to reduce the amount of dollars they keep so paying a premium might even be feasible.      You could say the same of people who buy gold, why would you do that when the price dropped since 2011 now but they see it as a hedging positive to have in security, not reliant on just dollars to hold value (might even appreciate in value as might btc but unlikely for dollars).
   Maybe if I can pay in BTC then my wallet has no dollars in it and I can feel more secure in some ways certainly from physical loss


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buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,

If its a percentage discount then yes people will do it.    This offer is done with credit cards and store cards, apply today and we'll give 10% discount or whatever.  I'd do it for bitcoin even I'd not heard of them.   Really do need to make applications or setup easy for people to do, btc is still a bit esoteric I think possibly

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September 02, 2014, 04:01:31 AM
 #159

Alot of people would like to reduce the amount of dollars they keep so paying a premium might even be feasible.      You could say the same of people who buy gold, why would you do that when the price dropped since 2011 now but they see it as a hedging positive to have in security, not reliant on just dollars to hold value (might even appreciate in value as might btc but unlikely for dollars).
   Maybe if I can pay in BTC then my wallet has no dollars in it and I can feel more secure in some ways certainly from physical loss
If they didn't want to hold a lot of dollars then they would accept dollars for a transaction and then use an exchange to convert these dollars into bitcoin. You really cannot assume that the price will work in your favor, as it will not do this all of the time.

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September 02, 2014, 05:37:26 AM
 #160

My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?


Interestingly enough Newegg has a promotion for Bitcoin going on right now that is testing that theory out
If you buy an Xbox One using newegg for 399.99 and get 50 dollars off its 349.99 + 20 dollars for shipping and that can't be beat anywhere else as it is a fixed price item.
By the same token if they bought 500 dollars of merchandize they would get to spend another 100 dollars and get 150 dollars off a 500 dollar purchase.
So 350+40 for shipping is = 390 dollars still cheaper than what they would get an Xbox for in the Store + They get a 100 dollar item basically free.

So in my opinion some people would do it if they find something they want, especially if its a fixed price item and they can still save more money and get more stuff than if they went to a Walmart to check it out Smiley.

When you have these levels of savings, anyone that is looking to buy something that is also sold on newegg would be crazy not to take up this offer. You could simply buy more bitcoin on an exchange in the amount that the item retails for and end up with more bitcoin then what you started with.

Market arbitrage is good stuff
If there was more examples of this in the real world especially if online stores make great deals on fixed price items I can see a lot more Bitcoin users  and interested people getting into it for the first time.
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