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Topic: Newegg offers $100 discount if you purchase xbox one with bitcoin (Read 4752 times)

sr. member
Activity: 476
Merit: 250
dang it

Why do you bump a topic which is almost a year old, i would buy this if the offer is still available why not saving $100 in a single order.

Haha yes a little bit weird.

If they still had this action, i would buy it too. The bitcoin price is much higher now, so it is an easy choice.
legendary
Activity: 1526
Merit: 1001
dang it

Why do you bump a topic which is almost a year old, i would buy this if the offer is still available why not saving $100 in a single order.
full member
Activity: 346
Merit: 102
42t
newbie
Activity: 44
Merit: 0
offer is dead  Cry
legendary
Activity: 1762
Merit: 1011
full member
Activity: 168
Merit: 100
Do they ship to EU? We always get left behind on these deals..

full member
Activity: 346
Merit: 102
Bitpay say that half of all merchants do not convert their bitcoin into fiat.
I guess Newegg will, but it would not be impossible to keep some as BTC, especially if they can use it to buy components.
Do you have a source on this? I am fairly certain that most merchants convert the majority of their bitcoin to fiat. Even Overstock only keeps ~10% of their bitcoin revenue
legendary
Activity: 1582
Merit: 1064
As far as I know they keep 100% Bitcoin

The usefulness of the unqualified analysis is wonderful!

Yes, this makes sense to me.

I mean, why Newegg should offer this discount for BTC payments if the objective is to swap them for FIAT?
Why don't offer it (also) in USD in the first place?

Marketing gimmick?
A lot of companies do that...
legendary
Activity: 1218
Merit: 1003
Bitpay say that half of all merchants do not convert their bitcoin into fiat.
I guess Newegg will, but it would not be impossible to keep some as BTC, especially if they can use it to buy components.
full member
Activity: 346
Merit: 102
As far as I know they keep 100% Bitcoin

The usefulness of the unqualified analysis is wonderful!
I am somewhat certain they sell a majority of their bitcoin revenue. If they did not then they would be effectively be buying bitcoin with no where to spend it. Companies like this tend to keep as little cash on hand as possible because they can make more money on their core business. Hodling bitcoin is not newegg's core business
legendary
Activity: 1246
Merit: 1000
This seems to be a marketing gimmick than anything else.
The day when they start offering discounts for all products purchased with bitcoins, I will agree that it is significant.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
Now that's a good deal.
sr. member
Activity: 252
Merit: 251
Knowledge its everything
Too bad, i don't live in USA & they don't give discount for PS3/PS4  Sad
Maybe next time the want to offers $100 for PS3/PS4

As far as I know they keep 100% Bitcoin

The usefulness of the unqualified analysis is wonderful!

I think they will sell their bitcoin when the price rise up
sr. member
Activity: 341
Merit: 250
I got a question. In Germany the Xbob One is right now much more expensive.

Would'nt it be a nice way to make money for me to do the following:
-Buy Xbox one on newegg.com for 250$ with Bitcoin
-Let it send to shipito.com and let them send me the package for about 50$

So in total I payed 300$ for a complete Xbox One send to Germany, that is right now about 250€.
A big electronic market in my country are selling exactly that package for right now 400:
http://www.ebay.de/itm/Microsoft-XBOX-ONE-500GB-Assasins-Creed-DLC-/181610313507?pt=DE_Konsolen&hash=item2a48d17723


Have I forgot something or can I get more rich quick with this method?

Lots of tax?

If you try it the postman will probably refuse to hand over your parcel unless you pay him the tax on your doorstep. I think a customs label has to say what's in the parcel to stop people avoiding the tax.
hero member
Activity: 618
Merit: 500
a clockwork miner
As far as I know they keep 100% Bitcoin

The usefulness of the unqualified analysis is wonderful!

Yes, this makes sense to me.

I mean, why Newegg should offer this discount for BTC payments if the objective is to swap them for FIAT?
Why don't offer it (also) in USD in the first place?
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I got a question. In Germany the Xbob One is right now much more expensive.

Would'nt it be a nice way to make money for me to do the following:
-Buy Xbox one on newegg.com for 250$ with Bitcoin
-Let it send to shipito.com and let them send me the package for about 50$

So in total I payed 300$ for a complete Xbox One send to Germany, that is right now about 250€.
A big electronic market in my country are selling exactly that package for right now 400:
http://www.ebay.de/itm/Microsoft-XBOX-ONE-500GB-Assasins-Creed-DLC-/181610313507?pt=DE_Konsolen&hash=item2a48d17723


Have I forgot something or can I get more rich quick with this method?

Lots of tax?
legendary
Activity: 1218
Merit: 1003
Xbox One Console Assassin's Creed: Unity Bundle + 12-Month Xbox Live Gold Membership + $40 Newegg Gift Card for $349.99 - $101.50 with promo code BITCOINXBOX100 with BitCoin Checkout (Must pay with BitCoins) = $248.49 + $4.99 Shipping = $253.48

This price beats all black friday deals on xbox one. Xbox live = $50, gift card = $40, two games = $40, the console nets out to be $120, cheaper than the previous gen of xbox 360...

I think newegg is longing bitcoin by running promotions like this. I believe more and more retailers, especially IT ones, will store bitcoin and invest their storage into small bitcoin start-ups.

This is great news. Using bitcoin is good fir vendors so they should be incentivising it's use. This is one of the few real examples I have seen of that happening.
sr. member
Activity: 756
Merit: 250
I got a question. In Germany the Xbob One is right now much more expensive.

Would'nt it be a nice way to make money for me to do the following:
-Buy Xbox one on newegg.com for 250$ with Bitcoin
-Let it send to shipito.com and let them send me the package for about 50$

So in total I payed 300$ for a complete Xbox One send to Germany, that is right now about 250€.
A big electronic market in my country are selling exactly that package for right now 400:
http://www.ebay.de/itm/Microsoft-XBOX-ONE-500GB-Assasins-Creed-DLC-/181610313507?pt=DE_Konsolen&hash=item2a48d17723


Have I forgot something or can I get more rich quick with this method?
legendary
Activity: 1512
Merit: 1012
xbox one = network crash at christmas.






bitcoin = network work flawless since 2009 ... freely.

 Grin

legendary
Activity: 2464
Merit: 1145
As far as I know they keep 100% Bitcoin

The usefulness of the unqualified analysis is wonderful!

Aren't you also the guy who believes a single bitcoin will be worth a million dollars (give or take) 8 months from now?  Cheesy

As far as I know it will be!

(Actually I said 580k in September but that's wholly irrelevant too!) Wink

i gonna invite you to a big party with alot of hookers and blows if that happens  Wink
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