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CEG5952
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June 13, 2014, 05:21:56 PM |
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Majority of people are lazy and also, not so many have wallets on their smartphones and also I can't find items to be paid for using BTC IRL.
Hmmm I don't know about AFK, but for me.. it allows me the possibility to purchase things abroad online without any troubles. So in a way, bitcoin is the lazy solution to visa for me  Well, I think that's the distinction to make. I would love to be able to use my coins at more brick-and-mortar businesses (as opposed to web-based). Other than restaurant delivery through Foodler (which unfortunately is a bit lacking in my area), and a store here and there that accepts Gyft, there isn't much. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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zyhsu815
Full Member
 Offline
Activity: 126
Merit: 100
Being trusted is the most precious wealth.
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June 13, 2014, 07:37:34 PM |
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i paid many times with BTC,one miner PSU broken in warranty,i paid 0.2BTC to my customer.It is fast and easy.
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ljudotina
Legendary
Offline
Activity: 1260
Merit: 1029
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June 13, 2014, 08:34:38 PM |
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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?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
Depends from person to person. I created PayPal account only to protect my credit card data from bunch of users. I created skrill account only to cut my expenses in trading some Bitcoin (much lower fees than PayPal). So yes, i would if change is something i feel is worth it. 1$ is not worth it for sure...5$+? Who knows, depends on my mood in that moment. 10$+ sure, i would. So...bsicly, answer would be: "depends on how much that "something" costa and how much i would be able to save". I'm guessing, more expensive item is, better price i would get. |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 13, 2014, 09:56:54 PM |
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Majority of people are lazy and also, not so many have wallets on their smartphones and also I can't find items to be paid for using BTC IRL.
Many people are lazy, but those people also want something for nothing. If a merchant is offering a discount for paying in BTC, and has a way to procure BTC right there then most people would have very little reason not to get this discount. |
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Harley997
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June 13, 2014, 11:14:11 PM |
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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?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
Depends from person to person. I created PayPal account only to protect my credit card data from bunch of users. I created skrill account only to cut my expenses in trading some Bitcoin (much lower fees than PayPal). So yes, i would if change is something i feel is worth it. 1$ is not worth it for sure...5$+? Who knows, depends on my mood in that moment. 10$+ sure, i would. So...bsicly, answer would be: "depends on how much that "something" costa and how much i would be able to save". I'm guessing, more expensive item is, better price i would get. If they can save $5 on their purchase for spending 5 minutes at a bitcoin ATM then it would be worth it, that works out to be $60 per hour. |
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makebitcoin
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June 14, 2014, 04:34:11 PM |
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Would depend on what % of discount you get. Remember when aquiring bitcoins you often have to pay a premium to obtain them.
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Este Nuno
Legendary
Offline
Activity: 826
Merit: 1000
amarha
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June 14, 2014, 05:38:00 PM |
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If you're just going to buy your bitcoin back and pay a spread while doing so, what's the point? How big of a discount are we talking here?
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johnwest
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June 14, 2014, 06:28:31 PM |
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I already bought some small thing with bitcoins, its not big issue to pay through bitcon.
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Leina
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June 14, 2014, 06:37:21 PM |
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Looks like people are hoarding it rather than using it.
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 15, 2014, 05:54:56 AM |
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If you're just going to buy your bitcoin back and pay a spread while doing so, what's the point? How big of a discount are we talking here?
The point would be to get the discount from the merchant. The point the merchant may offer the discount is to get you to see how Bitcoin works. |
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Harley997
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June 15, 2014, 06:35:42 AM |
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Would depend on what % of discount you get. Remember when aquiring bitcoins you often have to pay a premium to obtain them.
This is not true. If everyone had to pay a premium then it would not be a premium it would just be the market price |
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polynesia
Legendary
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Activity: 1358
Merit: 1000
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June 15, 2014, 07:19:43 AM |
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This is not true.
If everyone had to pay a premium then it would not be a premium it would just be the market price
There is a bid-ask spread (difference between what people are ready to offer for bitcoins, and what people are ready to sell bitcoins for) Add to that transaction costs, if any. Plus when you buy something using your existing bitcoins which you mined/bought at a low price, it may generate a tax liability.  |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 15, 2014, 08:18:20 PM |
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This is not true.
If everyone had to pay a premium then it would not be a premium it would just be the market price
There is a bid-ask spread (difference between what people are ready to offer for bitcoins, and what people are ready to sell bitcoins for) Add to that transaction costs, if any. Plus when you buy something using your existing bitcoins which you mined/bought at a low price, it may generate a tax liability. The bid-ask spread on exchanges are generally very low |
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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June 15, 2014, 09:58:44 PM |
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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?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
If its cheaper then yes. The lite wallets should be more publicised. Asking for a day to sync will turn off newbies. |
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Harley997
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June 16, 2014, 01:59:07 AM |
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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?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
If its cheaper then yes. The lite wallets should be more publicised. Asking for a day to sync will turn off newbies. Almost everyone will go for a discount even if it is 2-3% on a $50 purchase |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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JorgeStolfi
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June 21, 2014, 03:09:29 AM |
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It seems that almost all posts are missing the point of the question, and assume that the customer already has a substantial pile of bitcoins.
But the question was: if the client has no bitcoins, what is the advantage of
have dollars in the bank --> buy bitcoins --> pay merchant with bitcoins
over
have dollars in the bank --> pay merchant with dollars
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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heartbit
Newbie
Offline
Activity: 27
Merit: 0
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June 21, 2014, 06:49:55 AM |
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Case in point:
Sold something yesterday and offered the buyer the choice of either:
A) $400 by PayPal (sent as gift so no fees to me)
B) $360 worth of bitcoin
They did NOT already own bitcoin.
Guess which they chose?
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Nerazzura
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June 21, 2014, 07:46:10 AM |
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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?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
depending on the items being offered, if the object is an electronic device, gadgets and the like may be. but how to luxury goods, or jewelry. I think it would be quite complicated for both |
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JorgeStolfi
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June 21, 2014, 09:01:11 AM |
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Case in point:
Sold something yesterday and offered the buyer the choice of either:
A) $400 by PayPal (sent as gift so no fees to me)
B) $360 worth of bitcoin
They did NOT already own bitcoin.
Guess which they chose?
That is a 10% difference. Is that what PayPal charges? If they choose bitcoin, how much did the pay to get 360$ worth of bitcoin? |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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Este Nuno
Legendary
Offline
Activity: 826
Merit: 1000
amarha
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June 21, 2014, 11:37:50 AM |
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It seems that coinbase finally implemented a feature that lets you automatically buy back the coins you spend.
I think this is something that a lot of people were waiting for. This way they can spend their bitcoins and not worry about it costing them more over time.
Having it automatically buy coins back for you is much more convenient than having to do so yourself everytime you buy something.
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