shopping with BTC | Bitcointalksearch.org

xbl1008

full member

Activity: 322

Merit: 103

Quote from: rddsd7 on December 02, 2017, 12:28:42 PM

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think? Will shopping with BTC be good or bad for BTC?

For now it depends on the circumstances that bitcoin is facing its so volatile you can either profit or loss if bitcoin is being used to purchase merchandise, so maybe if the shop can manage some contracts with somebody that can buy bitcoin anytime and convert it to fiat real time is a much better way to avoid price volatility but this is not convenient because cash is pretty much cheap if it turns out to be like this people can save more if they are not gonna spent some extra in fees.

378budiman

member

Activity: 299

Merit: 10

Currently, your country prohibits using Bitcoin to buy anything. If bitcoin will be accepted as a method of payment more people will buy bitcoin to use it to buy goods so the price will go up.However, you can still deal with others to transfer them to cash and use it. It's legal.

KourtneyK

full member

Activity: 294

Merit: 101

If you don't think of its convertion to your local currency then I think it is actually okay but the problem with most people is when they buy stuffs whether it is online or on an actual store; if for example they accept bitcoin, most of them would then convert how much it is worth if it is converted to let's say USD. Of course you will be thinking twice of how much fiat money you will be spending. But I think it is actually a good idea to shop using BTC because by then the coin will be circulated in the society and not just hoarded by some.

BlackRacerX

full member

Activity: 462

Merit: 102

Quote from: rddsd7 on December 02, 2017, 12:28:42 PM

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think? Will shopping with BTC be good or bad for BTC?

Probably the worst idea if you're into bitcoin investments since bitcoins will increase eventually in value after some time. But I guess if you really have no choice and no other money to use, then sad to say, the only way to go is using bitcoins. I, for one, wouldn't use even a tinge of my bitcoins to buy anything online.

SWONG

jr. member

Activity: 60

Merit: 1

That’s and good idea, but for now if not refer to country import like sevice it suitable.
Anyhow a real shop is not easy for now because bitcoin is worldwide, and many country is banned

lhea056

member

Activity: 238

Merit: 11

There is a lot of online shopping the accept bitcoin as payment but i don't do online shopping because some doesn't meet the said description or in picture when yo received it but instead i use bitcoin for paying bills and expenses and sending for remittance . i do shopping when i convert my bitcoin into cash because its better to buy in person rather than in online because there also scam online shopping so beware of it . Bitcoin is a big impact to the people and many are using it and can be used in many ways so better have one . but i don't really recommend to do online shopping not unless it is secured and trustworthy online shop

nurilham

sr. member

Activity: 1498

Merit: 443

I think shopping with Bitcoin is very profitable because if the price of Bitcoin rises then Bitcoin we spend less and this can make Bitcoin prices become higher and become more popular

ledinasaliasi

member

Activity: 280

Merit: 11

Quote from: mxyzptlkof6th on January 25, 2018, 09:24:04 PM

Quote from: rddsd7 on December 02, 2017, 12:28:42 PM

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think? Will shopping with BTC be good or bad for BTC?

It will be too complicated. The company will have a potential of holding all the BTC they have earned for atleast a year and wait for its profit to grow exponentially. This is the reason why fiat money is more reliable in real life and almost everything is useless without fiat money.

that’s right there are no easy way to use bitcoin for payments because bitcoin is still being stuck by slow transactions so how can the store can wait for a very long time for bitcoin transferred to their account. Moreover the price of bitcoin always up and down unexspectively so bitcoin will not be able to be used in business.

RudeeTam

member

Activity: 299

Merit: 11

I have the same sentiments. It's pretty much like you are cashing out your BTC when you pay using the services of 3rd party bitcoin payments like bitpay to convert your BTC. But I fail to see how this will affect the price of Bitcoin. Bitcoin price is based on the exchanges around the world. People wouldn't know about your transaction.

mxyzptlkof6th

member

Activity: 294

Merit: 26

Quote from: rddsd7 on December 02, 2017, 12:28:42 PM

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think? Will shopping with BTC be good or bad for BTC?

It will be too complicated. The company will have a potential of holding all the BTC they have earned for atleast a year and wait for its profit to grow exponentially. This is the reason why fiat money is more reliable in real life and almost everything is useless without fiat money.

Shrinath

member

Activity: 112

Merit: 17

The way I understand about shopping with Bitcoin is, you could use one or more of the following possible ways that I have used in my short experience with BTC. However, each method has its own advantages and disadvantages which I will try to make clear, but you should also do your own research to choose the method which suits you the best. 1. Pay on Amazon and Other Sites: You can get some really great discounts from some of the world’s top internet retailers using this method. However, it can take a lot longer to complete a purchase than it normally would. 2. Bitcoin Debit Cards: You could also fund a debit card from your BTC wallet balance instead of your bank account. This is the easiest and most flexible method for spending your coins in physical stores around the world. However, there are fees to pay, and some services require you to convert your coins to the necessary fiat paid in advance. 3. Gift Cards: You could finally purchase electronic or physical gift cards using BTC, then spend them or give them as gifts. However, according to my experience, the best is to pay on internet sites.

legenduim

full member

Activity: 588

Merit: 101

I did shopping with Bitcoin, but price was not so expensive. After the rise in Bitcoin's price, I do not have a desire to spend it, comissions is high

retnoanjani

full member

Activity: 630

Merit: 100

Well, I prefer to shop with fiat even though the store accepts payments using bitcoins. Bitcoin is more profitable for investment. If using fiat is more effective, why use bitcoin? do not do anything in vain.

christen7

newbie

Activity: 59

Merit: 0

I think it is very good, in addition to safer, the efficiency is not in doubt

teejaymuna

newbie

Activity: 238

Merit: 0

Shopping with BTC an allowing companies to sell for fiat is definitely not good because it will put powers I. The hands of these companies an they will begin to regulate the price of BTC.

Bolt Brownie

sr. member

Activity: 700

Merit: 350

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Quote from: rddsd7 on December 02, 2017, 12:28:42 PM

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think? Will shopping with BTC be good or bad for BTC?

Ideally we would like to buy things with bitcoin, and that the seller would hold bitcoin instead of selling it. Of course this can only happen if mass adoptions occurs. Let's imagine a bakery, and that we buy bread with bitcoin. It would only make sense for the seller to hold his bitcoins, if he could also buy the raw material to make the bread with bitcoin. So only when the entire industry is allowing payments with BTC, then we could see sellers keeping their coins.

This will take time to happen, but even if it doesn't, and bitcoin is just a payment method like PayPal, where people recharge their wallets to make payments, I don't think it would be bad for the price, but quite the opposite. It would not be the ideal situation I've described, but a lot of people would still be buying bitcoin to reload their wallets and continue to make payments with it. So we would have a lot of people buying and selling bitcoin at the same time and this would result in an equilibrium, so the price wouldn't really move. It could be moving up, because more people were using this "new" payment method, but I doubt it would go down.

nitrousteam

member

Activity: 154

Merit: 15

Shopping with this wonderful coin isn't improved to the maximum yet so right now this option is in usage by the small percentage of the holders. High transactions are the biggest problem right now in the shopping term.

People are also afraid that the purpose of the Bitcoin will be forgotten if the highly decentralized fluctuation coin is used for the shopping purposes.

Mokter

member

Activity: 180

Merit: 10

it will you be great opportunity for all bitcoins community and btc holders. But there are many problems because its price too volatile. as a result during paying to buyers its price will affect.calculation will be tough for paying.

Ranly123

full member

Activity: 952

Merit: 104

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Quote from: rddsd7 on December 02, 2017, 12:28:42 PM

If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think? Will shopping with BTC be good or bad for BTC?

If you are buying stuff with bitcoin then dont go to the malls or the market but just shop online. There are stores online that accept bitcoin like amazon and other local stores. This will be convenient since you are not going to fall in a long line to buy your stuffs.

kowaitian

newbie

Activity: 84

Merit: 0

It's not a bad idea. From my point BTC has a great power nowdays. If it's legal in your country, do it.

Topic: shopping with BTC (Read 1432 times)