Topic: shopping with BTC - page 2. (Read 1432 times)

Shopping in bitcoin is good but we dont need to do it everyday, we need to be a responsible when it comes to bitcoins, earn more before we shopping. theres alot of people who loved to shopping maybe they are addicted especially for those people are already rich since birth like henry Sy and Lucio tan the two of them is rich because they really have a goals in life and still perseverance until they reach their goals in life...   

that's one of the function of bitcoin to buy some good and make the transaction with bitcoin it's a good idea i think cause you can buy anything you want with it. but it's a little expensive if you buy with bitcoin cause the fee to transfer it too expensive.

it will very good news if we can shopping btc but matter is that its price is not stable. As a result buyers or sellers will be afraid. if I wanna want to buy some products when it's price at $15000, after paying to buyers if it's price fall down at $12000 then buyers will be losser. it's the main fact and  it's transactions fees also high.

Hi,

For the moment it is impossible to go shopping with bitcoin, simply because the price cha,ges way too much from one day to another.

I guess that by the time it becomes possible, then in your scenario, a business that would receive bitcoin would not turn it to fiat currency but rather keep it for further exchanges.

In the world today, the dollar is the reference currency. But when you want to buy something in your country, you don't feel the need to use dollars and afterwards change it for your country currency, right? I hope we can reach the same result with bitcoin if it get spread enough!

it really is because a company of goods will not do the bitcoin hold they have from the sale of their goods, the reason is because they definitely need funds for their circulation of merchandise.

Can you please disclose how many transactions did you have in bitcoin last week and last month? My guess would be zero, as it really doesn't make sense to pay with bitcoin at current fees. But I am very curious what you can tell us with you first hand experience.

I agree. Moreover, the only thing that can build bitcoin value long term is mass adoption. Only then the finite quantity of bitcoin matched with growing demand will make its price go up long term. For bitcoin, to be massively adopted, it needs to serve those people as currency: one must be able to buy petrol and bread and butter with it.

Summing up, for bitcoin to be a store of value long term, it needs to be used as a currency. If it fails as a currency, the day will come it stops being the store of value too.

I had started to accept the bitcoin as a payment in my restaurant.Even Kfc started to accept the bitcoin as a payment.Then reason behind this is very simple,they will accept bitcoin because they will get additional dollars for sure.

It is also more convenient for me to buy some things by bitcoins. I will need to come up with new stores hosting bitcoin

 Online shopping can be done with bitcoins, since the world has accepted bitcoin as an alternative currency . The value of bitcoin is increasing so  the traders would be happy to accept bitcoins.
 

Yes, I have also same opinion regarding purchasing goods with bitcoin because in this way, bitcoin will increase in value and more and more people will become familiar with bitcoin. I am really fond of using bitcoin for common purposes.

In this way, bitcoin will go for legalization throughout the world. Bitcoin is simply going to rule the world in the coming years for making this thing really happen, we should use bitcoin in daily life.

Really, I better start buying up games while I still can.

I think it is not good for now to shop with bitcoin. Steam recently will no longer support bitcoin as a payment method due to high fees and volatility in the value of Bitcoin.

Disagreed

maybe buying stuff and paying it with bitcoin directly will cause some problem, if you are planning to use you bitcoin in buying online or on a physical store or merchants, better convert it to a much acceptable and already circulating currency, you can always convert, every time you are planning to go shopping, but for now, bitcoin stays on your online wallet and convert it first before purchasing stuff.

I think that idea of using bitcoin in malls when you are going to shopping is a brilliant idea because we all know that people nowadays are into malls and most of the time they spend in malls just to kill time. And we also know that most of the people today are using bitcoin or have some savings in bitcoin so I guess if this idea will going to happen many will be happy.

Its a good idea, users will get a good benefits when it is already allowed in the market. No need to bring a cash when you need to buy something. It is an easy thing

I think online shopping with bitcoin is one of its best use cases, since it is the only form of online payment that is secure without a third party. With that said, in its current state, it is not very usable due to unstable price high fees. I'm hoping lightning will fix this soon.

Any time I make a payment online I have 4 options:

 - Pay with credit/debit card. This requires me to input the card number and anyone with the card number can spend it. How can I trust the website I enter it in to? I hate doing this and use this method as little as possible.
 
- Pay with internet banking. This only works in my own country as my bank does not like to send money to banks outside my country. (I know they can somehow, I just don't know how they do and can't be bothered finding out. Also currency conversion, fees etc.) Inter-bank transfers also take 1h-1d (longer on weekends because its all automated and everything but they like to keep people thinking its not or something stupid thing like that.), although instant if buyer-seller use the same bank. Few online stores accept this, the only one I know that does is my country's airline and localbitcoins.

 - Pay with voucher. This is quite secure as I can buy Google play vouchers from the local supermarket, but non-Google store will not accept them and I'm trusting Google to up hold them. Google Play is just an example, it could be Steam or whatever.

 - Pay with bitcoin. This is secure as I sign the transaction but don't reveal my private key. (Treat the debit card number as a private key you are giving to some random website. Both numbers do the same thing, allowing the spending of your funds.) I'm not trusting any 3rd party, not the bank, not paypal, not the voucher maker. It's like cash but without even needing trust in the Gov.

This is why I personally use bitcoin to buy online if it is given as an option, and seek out sellers that provide such an option. I have bought quite a few items online this way and don't much care that I spent 0.01BTC on an alarm clock because at the time, both the alarm clock and the bitcoin were worth 10$, what happens after the fact doesn't really matter. I got exactly what it was worth at the time.

As for merchants converting to $ after my payment, that also doesn't really matter. They have supply chains valued in $ and it makes sense for them to use that currency in case of bitcoin price drops. The bitcoin is still being sold on to someone who is using it and the fact that people can buy things in bitcoin and are doing so helps the bitcoin economy.

I don't so much use bitcoin in person as it doesn't have the transaction throughput and is difficult to obtain. I also don't know of any shops in my city that accept it, I wish this would change but still would probably not be able to use it locally due to being paid to a bank account and not wanting to pay fees to transfer to bitcoin. In person there is more trust as I can see the visa machine and shop attendant, they have a physical presence and I can call my bank to investigate if they take the wrong amount or just use cash. Anyway that's just my 2 Satoshi's

There are company's like TenX that you can buy a credit card that you can put bitcoins on, and then use like a normal credit card.

I think still it will take a lot of time for the price of bitcoin to become stable, because still a lot of people are joining the bitcoin world which is making bitcoin  to increase more and more. i think that it will take a lot when all the people of the world will start using bitcoin and will make bitcoin price as more stable.