15% discount on Trezor hardware wallets - page 2.

Hispo

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It seems I was wrong and Satoshilabs is indeed planing to drop some Black Friday offers this year.
There are not details given whatsoever yet, neither on their Reddit nor on the webpage, there must be some update soon.

They are marketing this as their "biggest" Black friday offer to date, my expectations are up.

Any thoughts? I hope they are not hyping up people just to present a 10% off.

Source: https://www.reddit.com/r/TREZOR/comments/yv6ibb/one_more_week_until_trezors_biggest_black_friday/

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Quote from: m2017 on November 16, 2022, 10:46:15 AM

Indeed, FTX exchange incident will prompt many users to change their crypto storage strategy and move their assets to devices.

I was checking Ledger's Twitter feed a few hours ago to see if they announced anything for Black Friday (nothing yet), and I came across a tweet where they said they have already recorded a 7x increase in sales in the days following the FTX drama. They are also claiming their support is overwhelmed with inquiries about hardware wallets and stuff like that. They seem to be suggesting that some of the server issues that dkbit98 was talking about in Ledger Server Problems could be a result of the unexpected increase of new users all coming in at the same time. If that's the case, maybe it's time to consider greater server capacity.

m2017

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Quote from: Hispo on November 10, 2022, 02:19:42 PM

It sounds pretty good but it is unlikely, in my opinion.
Specially after this disaster we are witnessing with the FTX exchange, it is possible that some people will move their funds out exchanges just in case, prompting an increase of demand for hardware wallets from both Trezor and Ledger, if this is the case these companies would see no reason to offer more discounts this next black friday.

I would expect Trezor to keep a 15% or offer packs of Hardware wallets together with their silicone cases. Let us see...

Indeed, FTX exchange incident will prompt many users to change their crypto storage strategy and move their assets to devices. I expect a surge in sales of devices from well-known brands, like trezor and ledger.

They already had a 15% discount recently, and if they scream about the biggest Black Friday sale ever!, then they are unlikely to limit themselves to a bonus silicone case. It looks like they are preparing a unique offer for their customers this time. Trezor has one main competitor (Ledger is doing better with marketing) who will also be trying to get new customers amid the events with the FTX exchange and here trezor will need to try to beat them with something unusual.

Pmalek

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Quote from: SFR10 on November 16, 2022, 04:02:06 AM

Even if you didn't own the Model One?

If we got a promo price of around €170-€200 for the upcoming Black Friday event (I doubt we will), I would consider getting a Trezor Model T. With a good passphrase and a secret code stored on a SD card, we can mitigate the hardware vulnerability of the device and make it secure enough. Together with Ledger, Trezor is the oldest and most popular brand. I have more trust in them than in the newer manufacturers on the block. The Foundation Passport is appealing to me personally if it wasn't for its young age.

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Quote from: Pmalek on November 15, 2022, 05:09:45 AM

The chip shortage might not be that big of a problem as it was during the COVID times.

Quote from: dkbit98 on November 15, 2022, 02:30:15 PM

They probably loaded up with microchips when they were available for cheaper prices, and chip shortage is not so severe as it was few months ago or last year,
than they increased device prices a lot after that, so now they can afford to offer bigger discounts.

I think I had an unrealistic expectation that once the chip shortage issue settles, they'd revert prices to the pre-covid phase.
^{- At this rate, I wouldn't be surprised to see the Model R with a price tag of $350+ on its launch date!}

Quote from: dkbit98 on November 15, 2022, 02:30:15 PM

I wouldn't buy any of their devices now, even with big discounts.
~Snipped~
but I think there are better options on the market right now.

Even if you didn't own the Model One?

dkbit98

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Quote from: SFR10 on November 15, 2022, 04:42:49 AM

but at the same time, I'm wondering how could they afford to give bigger discounts while there are still ongoing issues with chip shortages?!

They probably loaded up with microchips when they were available for cheaper prices, and chip shortage is not so severe as it was few months ago or last year,
than they increased device prices a lot after that, so now they can afford to offer bigger discounts.
As much as I appreciate was Trezor has done for hardware wallets and overall Bitcoin industry, I wouldn't buy any of their devices now, even with big discounts.
I would still use them if I receive them for free, but I think there are better options on the market right now.

Pmalek

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Quote from: SFR10 on November 15, 2022, 04:42:49 AM

...but at the same time, I'm wondering how could they afford to give bigger discounts while there are still ongoing issues with chip shortages?!

The chip shortage might not be that big of a problem as it was during the COVID times. I am pretty sure that crypto users are already showing greater interest for popular hardware wallet brands already. I think Ledger said somewhere they are already onboarding more people than usual since the FTX fiasco. I have no reason to think Trezor isn't also experiencing the same. And the companies might be willing to loss some profits short-term by offering cheaper products to gain more customers.

SFR10

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Quote from: Pmalek on November 15, 2022, 02:27:06 AM

Something is telling me that we are going to see even bigger discounts than the 15% the company organized at the beginning of November.

I also have the same feeling ^{[in the previous three years, they gave bigger discounts (2019 = 30%, 2020 = 20% and 2021 = 20% but not for the HWs)]}, but at the same time, I'm wondering how could they afford to give bigger discounts while there are still ongoing issues with chip shortages?!

Pmalek

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Quote from: OmegaStarScream on November 15, 2022, 03:24:07 AM

I expect other hardware wallet providers to do the same thing, because of what has been going on with FTX.

It is a great opportunity for them to profit from this unpleasant situation. It all began with this new Proof of Reserve nonsense, where other centralized exchanges are trying to prove how much better they are than FTX. And with the upcoming Black Friday, Christmas, and the New Year, we will surely see an attempt by hardware wallet manufacturers to further increase their userbases as well. And what better way to acquire new users than to offer good discounts on your products followed by the usual "not your keys, not your coins" slogans? Not that it isn't true, but they are and will take full advantage of the situation.

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Quote from: Pmalek on November 15, 2022, 02:27:06 AM

Trezor is calling the upcoming Black Friday event the biggest Black Friday sale ever! They might be planning something special. Something is telling me that we are going to see even bigger discounts than the 15% the company organized at the beginning of November. Whatever it is, the promotion begins on 21 November and will last until 27 November!

-snip-

I expect other hardware wallet providers to do the same thing, because of what has been going on with FTX.

Pmalek

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Trezor is calling the upcoming Black Friday event the biggest Black Friday sale ever! They might be planning something special. Something is telling me that we are going to see even bigger discounts than the 15% the company organized at the beginning of November. Whatever it is, the promotion begins on 21 November and will last until 27 November!

Hispo

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Quote from: m2017 on November 09, 2022, 08:42:07 AM

Quote from: Hispo on November 05, 2022, 02:15:48 PM

Quote from: m2017 on November 05, 2022, 06:57:36 AM

Quote from: Pmalek on November 05, 2022, 02:46:26 AM

Quote from: Hispo on November 04, 2022, 02:39:08 PM

-snip-

The scenario I have in mind is Trezor launching their new generation to the market, that only would drop the price about 5-15%, because people would start also buying the new device over the model one and T. Added to this drop in the price I would also expect other chances to buy a model T with seasonal offer, let us say 10-15%.
So in the case it would be a discount of 30% and in the worst case it would be around 15%. I am not sure if these are realistic expectations, I would like a Model T but I am not in a rush to get one, I can wait for better prices.

The price of Bitcoin could also increase much leading people to buy more HWs, increasing demand and messing my estimations.

That's right, there is a chance that the new model will attract buyers, leaving the old model with low sales. Then, this would be an ideal time to buy in terms of the price, which will have to drop due to low demand. There are many factors that can influence a Trezor's decision about discounts and prices for their devices. Including demand for HWs during the rise of bitcoin. A bear market is the best time for this.

Regarding discounts: let's see if Trezor will make discounts for their devices on Black Friday. Purely out of curiosity. It seems to me that 2 discounts in a row with an interval of less than 1 month looks too very good.

It sounds pretty good but it is unlikely, in my opinion.
Specially after this disaster we are witnessing with the FTX exchange, it is possible that some people will move their funds out exchanges just in case, prompting an increase of demand for hardware wallets from both Trezor and Ledger, if this is the case these companies would see no reason to offer more discounts this next black friday.

I would expect Trezor to keep a 15% or offer packs of Hardware wallets together with their silicone cases. Let us see...

m2017

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Quote from: Pmalek on November 05, 2022, 08:31:08 AM

Quote from: m2017 on November 05, 2022, 06:57:36 AM

Moreover, it is not known when and whether there will be this discount. Why is the current discount dissatisfied, if model T is your preference?

I am not sure if this is a rhetorical question or if you are asking me directly? I am not looking for a new hardware wallet currently, but if I was, a Trezor would be on top of my candidates list. I was just complimenting the device, not expressing a desire to purchase it right now. Because of its design flaws and unfixable vulnerabilities, I don't think it's worth close to $250. It's still an excellent product that deserves its place on the podium among the winners.

Ok, I understand your position. May I also ask why you are choosing model T, not One? What is it connected with?

Quote from: Hispo on November 05, 2022, 02:15:48 PM

Quote from: m2017 on November 05, 2022, 06:57:36 AM

Quote from: Pmalek on November 05, 2022, 02:46:26 AM

Quote from: Hispo on November 04, 2022, 02:39:08 PM

-snip-

The scenario I have in mind is Trezor launching their new generation to the market, that only would drop the price about 5-15%, because people would start also buying the new device over the model one and T. Added to this drop in the price I would also expect other chances to buy a model T with seasonal offer, let us say 10-15%.
So in the case it would be a discount of 30% and in the worst case it would be around 15%. I am not sure if these are realistic expectations, I would like a Model T but I am not in a rush to get one, I can wait for better prices.

The price of Bitcoin could also increase much leading people to buy more HWs, increasing demand and messing my estimations.

That's right, there is a chance that the new model will attract buyers, leaving the old model with low sales. Then, this would be an ideal time to buy in terms of the price, which will have to drop due to low demand. There are many factors that can influence a Trezor's decision about discounts and prices for their devices. Including demand for HWs during the rise of bitcoin. A bear market is the best time for this.

Regarding discounts: let's see if Trezor will make discounts for their devices on Black Friday. Purely out of curiosity. It seems to me that 2 discounts in a row with an interval of less than 1 month looks too very good.

Hispo

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Quote from: m2017 on November 05, 2022, 06:57:36 AM

Quote from: Pmalek on November 05, 2022, 02:46:26 AM

Quote from: Hispo on November 04, 2022, 02:39:08 PM

-snip-

The scenario I have in mind is Trezor launching their new generation to the market, that only would drop the price about 5-15%, because people would start also buying the new device over the model one and T. Added to this drop in the price I would also expect other chances to buy a model T with seasonal offer, let us say 10-15%.
So in the case it would be a discount of 30% and in the worst case it would be around 15%. I am not sure if these are realistic expectations, I would like a Model T but I am not in a rush to get one, I can wait for better prices.

The price of Bitcoin could also increase much leading people to buy more HWs, increasing demand and messing my estimations.

Pmalek

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Quote from: m2017 on November 05, 2022, 06:57:36 AM

Moreover, it is not known when and whether there will be this discount. Why is the current discount dissatisfied, if model T is your preference?

I am not sure if this is a rhetorical question or if you are asking me directly? I am not looking for a new hardware wallet currently, but if I was, a Trezor would be on top of my candidates list. I was just complimenting the device, not expressing a desire to purchase it right now. Because of its design flaws and unfixable vulnerabilities, I don't think it's worth close to $250. It's still an excellent product that deserves its place on the podium among the winners.

m2017

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Quote from: Pmalek on November 05, 2022, 02:46:26 AM

Quote from: Hispo on November 04, 2022, 02:39:08 PM

Still, I am holding onto the hope their model T could decrease in retail price once their new generation of cold wallets gets released to the market, perhaps it is a bit foolish of me to think that way though.

It's not foolish. I am thinking the same thing. It's to be expected in all niches (not just hardware wallets) that whenever a new model of a brand comes out, the price decreases for the older models. Since Trezor T is a good wallet (but overpriced), many could jump at the chance to get it once the prices drop after the release of the new-generation of their hardware wallets. But there are no signs that this could happen soon, therefore, patience is required.

Suppose a trezor releases a new model of a hardware wallet. What discount do you think the manufacturer will sell it at? 90%, 75%, 50%, 25%? These are too unrealistic and fantastic figures. It may turn out to be 15% -20% more realistic, that is, exactly the discount that you can usually get during Black Friday or now. Well, maybe a little more. So what am I on about? And to the fact that if there is already a discount, then it is naive to wait for an even greater discount, believing that it will be much more significant than the current one. Moreover, it is not known when and whether there will be this discount. Why is the current discount dissatisfied, if model T is your preference?

Pmalek

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Quote from: Hispo on November 04, 2022, 02:39:08 PM

Still, I am holding onto the hope their model T could decrease in retail price once their new generation of cold wallets gets released to the market, perhaps it is a bit foolish of me to think that way though.

It's not foolish. I am thinking the same thing. It's to be expected in all niches (not just hardware wallets) that whenever a new model of a brand comes out, the price decreases for the older models. Since Trezor T is a good wallet (but overpriced), many could jump at the chance to get it once the prices drop after the release of the new-generation of their hardware wallets. But there are no signs that this could happen soon, therefore, patience is required.

Hispo

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Quote from: OmegaStarScream on October 26, 2022, 02:24:48 AM

Quote from: dkbit98 on October 25, 2022, 02:00:14 PM

Oh maybe they noticed my constant complains and wining about new higher prices of their devices, so they decided to make a new discount around Halloween time.
Black Friday is November 25th and Cyber Monday few days later, so we could see new discounts around that time.
It's still a lot of money for Model T, so no thank you... €100 - €150 is most I would pay for that device.
-snip-

I doubt we'll see any better prices by that time if they're giving 15% off now. They might add some offers about buying two, and getting the third one for half, or maybe give free silicon cases instead, but more than 15% off? I don't see it happening.

Since Trezor business model runs on their sales of hardware rather than their sales of software (their software is free and open, as it is supposed to be), it kind of makes sense they need to profit off their wallets.

Still, I am holding onto the hope their model T could decrease in retail price once their new generation of cold wallets gets released to the market, perhaps it is a bit foolish of me to think that way though. My pessimistic place as consumer even led me to think this 15% off was "good" in comparison to the lack of offers last year. Sad

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Quote from: dkbit98 on October 29, 2022, 01:54:47 PM

Quote from: n0nce on October 29, 2022, 05:55:40 AM

Personally, I believe even 200€ or more for a Bitcoin-only device (less maintenance of coins, smaller codebase, less potential for bugs...) can be worth it.

How about paying 10 times less and you still have functional open source Bitcoin signing device? ^{Read more about it soon}
For me 200€ is a lot of money for currently available hardware wallets, except maybe Passport, but that is borderline price, I would certainly buy it again for presale offered price.

Quote from: n0nce on October 29, 2022, 05:55:40 AM

Unfortunately, people from financially weaker countries can't afford a lot of things, but by giving up some convenience, they can still use Bitcoin very securely for cheap.

There might be solution for them, but they should keep their old mobile phones and not throw it away in garbage.
ESP32 devices are very cheap and now it's possible to make Bitcoin airgapped signing device for dirt cheap.

You can do cool stuff with generic, off-the-shelf microcontroller dev boards, but they're just not made for security like a hardware wallet is. It's often trivial to read out the flash storage, alter or even reflash the firmware and similar, since that's what they're basically made for.
I guess it is still better than a hot wallet and more convenient than a paper seed; just make sure to safeguard those things at all times.

But who knows, maybe really secure, cheap to acquire, microcontroller boards will emerge and really give hardware wallets a run for their money.

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Quote from: Coin-Keeper on October 28, 2022, 03:29:08 PM

Some of us here don't consider the "secure element" an improvement but just the opposite. Sure in theory SECURE sounds great, but that comes with closed source and users having to trust what is going on inside the element all beyond our scrutiny. That is a pass for me anyway as far as my preference!!

I was talking about secure element that is in development by Trezor with their project Tropic Square, and that is going to be most open source secure element so far, but I hope others will follow.
I do agree with you that closed source wallets are basically black box and nobody knows what is happening inside, but same thing is already used everywhere in banking, smartphones, etc. so we don't have anything better.

Quote from: n0nce on October 29, 2022, 05:55:40 AM

Personally, I believe even 200€ or more for a Bitcoin-only device (less maintenance of coins, smaller codebase, less potential for bugs...) can be worth it.

How about paying 10 times less and you still have functional open source Bitcoin signing device? ^{Read more about it soon}
For me 200€ is a lot of money for currently available hardware wallets, except maybe Passport, but that is borderline price, I would certainly buy it again for presale offered price.

Quote from: n0nce on October 29, 2022, 05:55:40 AM

Unfortunately, people from financially weaker countries can't afford a lot of things, but by giving up some convenience, they can still use Bitcoin very securely for cheap.

There might be solution for them, but they should keep their old mobile phones and not throw it away in garbage.
ESP32 devices are very cheap and now it's possible to make Bitcoin airgapped signing device for dirt cheap.

Topic: 15% discount on Trezor hardware wallets - page 2. (Read 967 times)