Topic: Brilliant Way to Increase Bitcoin Market Value And Save Money - page 2. (Read 3673 times)

Well so far I have gotten two things successfully. A $100 amazon gift card for 25% off ($75), and a weed whacker for $117 instead of $153. Pretty good I'd say! And one of them was bought by a guy in Germany. So it does work for buyers internationally.

Cool, that's great to confirm. It answers the other guy's post above.
This is why purse.io will be helpful to some foreigners who want to obtain bitcoin but perhaps don't have exchanges in their country to do so.



Yes I wondered about its longevity as the ease of acquiring bitcoin increases. But I think we have a fairly long way to go before world saturation of exchanges in every country.



I got 25% off on my first purchase. Maybe I got lucky, but I thought that was pretty cool.

Great thank you for that clarification. I would never even have guessed to question the buyers' motives in using purse.io, but as it was among the first questions on this thread, thank you for answering them!

Thanks, noted.

Co-Founder of Purse here. We've noticed that our largest BTC buyers are often those with a lot of Amazon Gift Card/Payments balance. This might be because they are an Amazon affiliate or Mechanical Turk that gets paid in Amazon credits. There are other cases of Argentinian users who use this as a way of anti-infation mechanism.

I will repeat myself, if you have a creditcard or ewallet (so you can buy from amazon) go to virwox and buy btc with it in less than 2 minutes. No pains in the ass.

Just jumping in to say that Amazon does allow people from a country to ship to a different one. You just have to use his country's specific amazon website.

Already used snapcard (Allows to buy with bitcoin on a huge number of websites thanks to a javascript plug-in), would recommend it for buying stuff on amazon with bitcoin.

I love the Purse.io concept, but 15% is too much of a discount I think, when it becomes easier to buy btc this business model will suffer.

I see your point and understand what you're saying.

Well, I am an honest case scenario and will continue using it in an honest manner. Yes, I am the seller. I hope my buyers are honest too. Bitcoin doesn't discriminate on who owns it. And that is one of its powers.





What do you mean no realistic use cases? I am using it. I am a realistic use case. And if you meant realistic use cases from the buyer point of view, then what about:

"Depending on where you are, it's a pain in the ass to link bank accounts, pay international wires, get verified, etc. It takes a long time too. People are willing to pay a premium for a quick and convenient solution."  (from http://https://purse.io/whypurseio/ )

Also:
1. Bitcoin is global
2. Availability depends on your location
3. Buying bitcoins can be expensive

I wasn't talking from your perspective, I was talking from buyer perspective and about the reasons that you brought up as to why someone would be willing to use this procedure for getting bitcoins.



Or (as someone commented above) the buyers are willing to go through all this trouble for other reasons, like for example anonymity.

I live in a country where these types of scams (orders with fake/stolen cards) meant huge business in late '90s. To have an idea, largest HW retails companies were buying (for reselling purposes) products ordered like this from people who were doing such online scams.

So yes, there is a small % of criminals in life, but if you go to the "right" places than that percentage will increase dramatically, and this purse.io looks like such a place.


 

I am sure this has been answered, but can you cancel a wishlist?  What if I were to try and order something, then all the sudden I notice BTC goes up 100 dollars and I am basically spending 80 more dollars of coin on the product then I want to.  Can I just straight cancel it if I act quick enough?

It's not any conceivable negative aspect but rather the most likely one.

Are you even aware of how much effort companies like circle and coinbase have to put in to try and weed out fraudulent use of stolen cards.
most people can't even use their card on circle without it triggering a manual review that's how big the problem is.

I'm not living in feal lol. Rather I'm trying to figure out the realistic motivations for a person to buy an item for somebody else with their paypal/CC/Debit card to just receive less bitcoin that they could get by using that said card at a reputable site like coinbase or circle for less cost and less effort.

You are not providing any realistic use cases either and I'm pretty sure amazon only let USA customers ship to USA addresses and UK to UK addresses for example but don't quote me on that.
it's not like purse.io is going to be the first port of call for a new user who wants bitcoin now and doesn't want to go through verification requirements.

The only use I can think for it (besides illegal use) if for people to eat up remaining gift card balances

You can buy bitcoins from wherever you want and still use this procedure. I am just familiar with coinbase and trust them. Use whoever you want to buy btc!

As for it not being a win-win situation, how so? If someone is willing to pay for btc at your price, then they are willing and want to do obtain the bitcoin from you. You are helping them out because they could not obtain it possibly otherwise.

And you are correct that some people may not be able access Amazon.com but I don't quite see the relevance of mentioning that because this thread is explaining that this system does work and that many people can use this and it will work as stated. We could probably invent and seek out plenty of hypothetical or real cases where it wouldn't be workable for the buyer, like some Somalian boy in a town that has no internet access. But I am selling my bitcoin to those who DO have internet and Amazon access. That is the entire point of this forum post!

You can pay a smaller premium (and having a way easier process) if you buy bitcoins with your creditcard/voucher/e-wallet via sites like virwox rather than this. The idea itself seems nice, but I don't see it as a win-win situation for parties involved. Also note that there are a lot of people (in the World) who can't buy from Amazon easily.

I think so too.  And the OP completely agrees with you, if you read it.

Yes I do call that cynical.

Congratulations on managing to scrape up any conceivable negative aspect, no matter how remote or improbable.  That reminds me of the government chanting "the war on terrorism" to get laws passed, wars declared and to further cage people.

You can't live in fear man.

There will always be a small % of criminals in life.  Don't let them determine your existence.  Just like the government using the created fear of "terrorism" and inspecting every single passenger who boards a plane is going to disrupt 99.9% of people's privacy for maybe a 0.01% success rate.

If you just do a simple calculation in your head, the good outweighs the bad very clearly in this thread.

I'm also pretty sure it's a great way to use stolen credit cards and hacked accounts to buy stuff, have it delivered to someone else and get non refundable bitcoin in return with less risk of the cops showing up at your door tracking down purchases made with stolen cards

Call me cynical but there is no such thing as a free lunch

i think BTC will rises in the coming days and i not recommend instant conversion to dollars by bitpay, coinbase..

That's a good question (I had the exact same one).

Not everyone is fortunate enough to be able to buy bitcoins where they live. But they can buy things off Amazon.com.

As stated on purse.io, this is the reason why it works:

"Where does the discount come from? Bitcoin is not available everywhere. Depending on where you are, it's a pain in the ass to link bank accounts, pay international wires, get verified, etc. It takes a long time too. People are willing to pay a premium for a quick and convenient solution."  (from http://https://purse.io/whypurseio/ )


Also:
1. Bitcoin is global
2. Availability depends on your location
3. Buying bitcoins can be expensive





Secondly, watch this 2 minute video on how it works:

https://www.youtube.com/watch?v=-3YOmXUaB88

Why would I (as a buyer) pay for someones item and get less than I paid for it in return?

If this isn't a scam it should be

I think there may be many of you out there like me:

I love Bitcoin and I want to help it grow. I have been buying and supporting bitcoin for over a year now. I buy bitcoin when I can. And as much as I'd love to keep continually buying BTC (both for a personal investment and also to support the Bitcoin ecosystem and market cap), let's face it-- I don't always have tons of extra cash laying around to continually buy more bitcoin.

And perhaps, like you, I'm inclined to hold my Bitcoin because I'm a long-term believer. This means I don't often spend my stash. If I need to spend bitcoin, I will buy on coinbase.com at the moment I need it, so that I don't have to tap into my long-term stash. Does this sound like you too?

And I'm also guessing, like me, you would love to buy everything you need in life using Bitcoin, especially if the bitcoin you spent wasn't immediately converted to fiat as most bitcoin payment processors do. I want the value of bitcoin to go UP, not down. (If you aren't aware, most companies which accept bitcoin payments use a payment processor such as BitPay or Coinbase which usually sells your bitcoin immediately, and this results in downward pressure on the bitcoin prices as your bitcoin is actually being sold when you buy things).

Well this system is how you buy what you need in life (stuff you would have bought anyway), while getting other people to buy bitcoin which doesn't get sold immediately upon your purchases!!

Well, here's how.

I stumbled across purse.io (a site recommended by Roger Ver).

Basically you choose things you already need from Amazon.com but you get other people to buy it for you. Once you wrap your wits around this, it will make more sense. It took me a trial attempt to fully get it.

Steps:
(these steps assume you already have a coinbase.com account which can buy instantly and a purse.io account)

1. Find stuff you need on Amazon.com and add it to your Amazon wishlist. This can be stuff you would have bought anyway. So you can do this over and over, daily or weekly!

2. Follow the purse.io instructions. I suggest trying for 15%-25% discount. You'll understand this part after a while.

3. (KEY STEP) Rather than spend your long-term bitcoin stash, go to coinbase.com and instantly buy the exact amount you need. Transfer it to your purse.io account.

4. Wait for a buyer. Mine happened within an hour.

You have effectively gotten someone else to buy the bitcoin you just bought off coinbase.com, but at a price mark-up! And YOU take home the profits in the form of discounted Amazon merchandise!

Pros:
-You get discounts on things you already buy.
-It promotes bitcoin price growth because bitcoin are being BOUGHT instead of sold upon each sale.
-Another person now has more bitcoin!

Cons:
-More complicated buying process. (Takes more time and there are more steps)







https://purse.io/?_r=aQaKRF

If many of us did this, it would contribute to Bitcoin value being bought up-- perhaps in small amounts, but it adds up and it makes you feel good because you are doing something to contribute to the Bitcoin ecosystem and market value.

I have used this site twice now so I can personally attest that it works and is not a scam. I initially trusted Roger Ver when he promoted it and that is why I felt safe proceeding.

(Yes, that is my referral code on the end of the link in case you happen to try this idea. It would be cool of you to leave it there! But either way, the main point is to get someone to buy some bitcoin!)


Note: I do not work for purse.io in any way shape or form! I just love helping Bitcoin and I know many of you do too. Hope this helps someone!