Bitcoin Black Friday - Episode 4: A New Hope - page 4.

pawel7777

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Quote from: JonHolmquist on November 18, 2015, 12:18:31 PM

Quote from: PAKYU on November 18, 2015, 11:31:00 AM

Please answer this. I have same question.

Quote from: pawel7777 on November 16, 2015, 11:29:30 AM

Is this in any way related to bitcoinblackfriday.info? Or are these 2 totally independent projects with different merchants/offers?

Oh sorry, never responded.

They are not related. Some carpetbagger stole my name and is trying to cash in on the event this year. Competition is great but misleading consumers isn't.

We're the original site and have run the campaign for 4 years.

Damn, competition is a good thing but hijacking the name like that is a bit dirty move. I signed up to ".info" first as I was of impression it's the same project as in the past years.

They even started signature campaign: https://bitcointalksearch.org/topic/bitcoinblackfridayinfo-signature-campaign-high-payouts-every-2-days-open-1253069

Edit:

Ps. I've put your url in my personal text, wasn't using it anyway.
Ps2:

Quote

I no longer work at Ripple Labs. Theymos won't let me change my avatar though

I think everyone is free to change avatars since some time now.

JonHolmquist

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Jon Holmquist

Quote from: PAKYU on November 18, 2015, 11:31:00 AM

Please answer this. I have same question.

Quote from: pawel7777 on November 16, 2015, 11:29:30 AM

Is this in any way related to bitcoinblackfriday.info? Or are these 2 totally independent projects with different merchants/offers?

Oh sorry, never responded.

They are not related. Some carpetbagger stole my name and is trying to cash in on the event this year. Competition is great but misleading consumers isn't.

We're the original site and have run the campaign for 4 years.

PAKYU

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Please answer this. I have same question.

Quote from: pawel7777 on November 16, 2015, 11:29:30 AM

Is this in any way related to bitcoinblackfriday.info? Or are these 2 totally independent projects with different merchants/offers?

JonHolmquist

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Jon Holmquist

Quote from: pawel7777 on November 17, 2015, 06:00:20 PM

Signed up to the mailing list.

Always wondered, how do you verify whether merchants are legit businesses or frauds? Do you only accept offers from established, known businesses, or do you accept any offers?

Generally businesses will have reviews associated with them. I also have done a lot of BTC shopping so I have a good idea who the legit merchants are at this point.

Past that, things to look for: real identity tied to shop, actual domain name, more than a single product, possibly funding, any press hits, and longevity.

pawel7777

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Signed up to the mailing list.

Always wondered, how do you verify whether merchants are legit businesses or frauds? Do you only accept offers from established, known businesses, or do you accept any offers?

emelac

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Quote from: TheButterZone on November 16, 2015, 08:52:46 PM

Quote from: neurotypical on November 16, 2015, 02:04:18 PM

I am doing everything I can to not give in to temptations of buying anything with my Bitcoin until I feel happy with my stash. If the offer is good enough I may reconsider this tho... but not until merchants stop dumping it for fiat.

I have two conundrums:
1, is how do you certify that you will not dump your BTC for fiat (at least not immediately, maybe only in small bursts after we're back to ATH)? Customers should not presume that just because they don't go through a Bitpay or Coinbase checkout that there won't be an immediate fiat dump.
........

Bitpay said Bitcoin Black Fridays are one of their busiest times of the year. That suggests a big share of merchants go through bitpay, who probably immediately sell their bitcoins through OTC sales. Do the OTC buyers then dump them on exchanges? If the price started dropping because of the merchants who don't go through bitpay dumping the bitpay merchants would lose profit if they didn't sell.

https://blog.bitpay.com/announcing-bitcoin-black-friday-deals/

Quote

Last year's Bitcoin Black Friday sales surpassed expectations and highlighted the growth of bitcoin. This year, with so many more merchants now accepting bitcoin, we expect Bitcoin Black Friday to be even more successful.

JonHolmquist

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Quote from: Bees Brothers on November 16, 2015, 04:32:46 PM

I can't believe it is that time of year again!
We will be submitting our "deal" later tonight or tomorrow.

Bitcoin Black Friday is one of our busiest weekends of the year.

We also enjoy splurging ourselves and taking advantage of some of the deals and supporting other bitcoin merchants.

Thanks Jon for organizing this each year.

Great to have you guys on board!

TheButterZone

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RIP Mommy

Quote from: neurotypical on November 16, 2015, 02:04:18 PM

I am doing everything I can to not give in to temptations of buying anything with my Bitcoin until I feel happy with my stash. If the offer is good enough I may reconsider this tho... but not until merchants stop dumping it for fiat.

I have two conundrums:
1, is how do you certify that you will not dump your BTC for fiat (at least not immediately, maybe only in small bursts after we're back to ATH)? Customers should not presume that just because they don't go through a Bitpay or Coinbase checkout that there won't be an immediate fiat dump.
2, is what offer could I actually put out for my store? I don't have a wide variety of digital goods for sale nor an instant distribution channel, everything costs random prices to ship, and I only ship to US domestic. If I put out a "10% off x" deal, I suppose that would be the minimum of what's considered "generous", but with BTC tanking more than rallying, I'd have to wait even longer to recoup that loss. If I put out a "buy at least $100 and get any item $5 or less free" that item might jump the shipping cost, so I'd have to say that the free item doesn't get free shipping. I could have a drawing for one customer to win something or other in addition to their purchase, but what would that something be?

Bees Brothers

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I can't believe it is that time of year again!
We will be submitting our "deal" later tonight or tomorrow.

Bitcoin Black Friday is one of our busiest weekends of the year.

We also enjoy splurging ourselves and taking advantage of some of the deals and supporting other bitcoin merchants.

Thanks Jon for organizing this each year.

neurotypical

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I am doing everything I can to not give in to temptations of buying anything with my Bitcoin until I feel happy with my stash. If the offer is good enough I may reconsider this tho... but not until merchants stop dumping it for fiat.

pawel7777

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Is this in any way related to bitcoinblackfriday.info? Or are these 2 totally independent projects with different merchants/offers?

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Nice, I ve been saving lots of my BTC purchases for this day. I hope we ll get really great discounts this year.

Sampey

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Quote from: JonHolmquist on November 16, 2015, 11:14:47 AM

Quote from: Sampey on November 12, 2015, 04:25:22 PM

I've submitted a Deal for my BOT : https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
It is ok with the Term Of Service?

Thanks Wink

Looks like you have happy customers so no, no problem with that deal.

Thank you

JonHolmquist

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Jon Holmquist

Quote from: Sampey on November 12, 2015, 04:25:22 PM

I've submitted a Deal for my BOT : https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
It is ok with the Term Of Service?

Thanks Wink

Looks like you have happy customers so no, no problem with that deal.

Sampey

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I've submitted a Deal for my BOT : https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
It is ok with the Term Of Service?

Thanks Wink

OrientA

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Quote from: Kakmakr on November 12, 2015, 01:19:36 AM

The net affect of Black Friday on the price of Bitcoin will be this :

The hoarders will release some coins to buy some of these items and the merchants will dump it via payment processors on exchanges to convert it to fiat. The supply of Bitcoin will increase and the need will be the same. This will push the price downwards.

After Black Friday, we will see a significant price drop. My guess would be at least $50 - $80.

At present, most retailers will sell their accepted bitcoin straight away through Bitpay or Coinbase. That has the effect of dumping by holders if the bitcoin spenders do not buy the spent coin through exchanges. When the spender buy from exchanges, there will be fee involved. So it is expensive for the holders. It is better if we are paid with bitcoin.

doublemore

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Quote from: teukon on November 11, 2015, 03:50:10 PM

Quote from: OgNasty on November 11, 2015, 03:07:55 PM

Quote from: JonHolmquist on November 11, 2015, 12:14:28 PM

Bitcoin Black Friday - Episode 4: A New Hope

Genius.

Most encouraging. But what about next year?

Fiat strikes back? .....satoshi never told you who really created bitcoin did he...

JonHolmquist

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Jon Holmquist

Quote from: Kakmakr on November 12, 2015, 01:19:36 AM

The net affect of Black Friday on the price of Bitcoin will be this :

The hoarders will release some coins to buy some of these items and the merchants will dump it via payment processors on exchanges to convert it to fiat. The supply of Bitcoin will increase and the need will be the same. This will push the price downwards.

After Black Friday, we will see a significant price drop. My guess would be at least $50 - $80.

We've never really seen a price drop due to increased sales.

Some merchants hold onto the BTC, some sell the next day, some sell instantly.

The volume out tends to be spread out pretty evenly, plus a lot of people buy straight BTC to give as presents/gifts!

Kprawn

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This is on my list for the Bitcoin Black Friday budget buy ---> https://en.wikipedia.org/wiki/StarCraft_II:_Legacy_of_the_Void ...Now to get the cheapest way to buy it. Roll Eyes

Any suggestions welcomed. Grin

.... I do not usually spend a lot of money on Black Friday, but this year I will spoil myself a little. I hope a lot of Bitcoin merchants will sign up for

this. I will forward the link to a couple of the people I know. Grin

Tstar

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Decentralized Asset Management Platform

I've never enjoyed Black Fridays but in this case I might forget my original feelings and go for it.
The Star Wars quote was a treat. Wink

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