Author

Topic: POLL: How much of a discount under fiat? (Read 1101 times)

legendary
Activity: 3052
Merit: 1031
RIP Mommy
March 11, 2013, 04:53:08 PM
#6
Thanks to the poll respondents.

I now have a 10% discount under fiat for my stuff at http://fs.thebutterzone.com
Discount auto-calculated at http://pay.thebutterzone.com (just have to change all the btcticker image srcs)
newbie
Activity: 42
Merit: 0
March 09, 2013, 08:39:40 AM
#5
The reasoning is that...
1) the thing(s) has been around for far too long without selling, either because the owner or the items are cursed, or both
2) the owner needs to punch out NOW, of his current location and the endless burden of curating effectively a museum of the thing(s)
3) as BTC deflates, the owner can exchange to fiat as soon as the amount of BTC reaches the original fiat value he wanted to sell the thing(s) for

With those things in mind I wouldn't go lower than 75% . . . 70%

But with that said, BTC is currently sky high and you might have to wait a long time to get your investment back. 

This wouldn't worked perfectly if you had done it last week though xD
legendary
Activity: 3052
Merit: 1031
RIP Mommy
March 03, 2013, 03:44:45 PM
#4
The reasoning is that...
1) the thing(s) has been around for far too long without selling, either because the owner or the items are cursed, or both
2) the owner needs to punch out NOW, of his current location and the endless burden of curating effectively a museum of the thing(s)
3) as BTC deflates, the owner can exchange to fiat as soon as the amount of BTC reaches the original fiat value he wanted to sell the thing(s) for
member
Activity: 84
Merit: 10
Weighted companion cube
March 03, 2013, 07:04:22 AM
#3
It depends on your profit margin. You wouldn't sell an iPad for 90% of fiat/BTC, would you? However, services for example design / development could be priced substantially lower in Bitcoins, and so would fees.

I'd be happy with a 5% or even 3% discount for goods.
newbie
Activity: 42
Merit: 0
March 03, 2013, 06:53:37 AM
#2
are you kidding?  Unless you're doing something very sketchy I would never consider selling something at such a discount just to deal in BTC.
legendary
Activity: 3052
Merit: 1031
RIP Mommy
March 03, 2013, 05:52:40 AM
#1
Sociopaths should not answer anything but the final option, as obviously you will buy at 1 satoshi if that's what's advertised.

The thing is originally priced by a reseller at or below the average sales price of the same condition on Amazon Marketplace, or eBay, or appraised fair market value.
It doesn't have the slightest trace of cigarette smoke, bodily fluid, or animal hair/dander/excretion.
It has been advertised on craigslist, for at least a decade, and more-regulated sites, off and on for the same period.
It has not sold in all those years.

Case in point for poll: You're in the market for this thing. You see the USD price for it and that it's firm, and nothing leaves you wanting in the description except the USD price. Which is $34 (suitable for this case, as BTC is about $34 right now).

You see...
Poll Option 1 - 90% of fiat/BTC ($30.60)
Poll Option 2 - 80% of fiat/BTC ($27.20)
Poll Option 3 - 70% of fiat/BTC ($23.80)
Poll Option 4 - 60% of fiat/BTC ($20.40)
Poll Option 5 - 50% of fiat/BTC ($17)

At what point do you seriously think the discount is 100% fair, and send BTC? Alternatively, vote which approximate percentage is the cutoff before you say to the seller something to the effect of "Your BTC discount is fucking nuts, did you make a typo? I'll pay {insert cutoff percentage amount here}, I'm not an inverse-highway-robbing sociopath."
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