shopping with BTC - page 4. | Bitcointalksearch.org

notyours

sr. member

Activity: 462

Merit: 250

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?

Well I think , bitcoin will be used in near future , but know bitcoin is an investments , transaction and etc. Not by payments or what , and the bitcoin price will be affected because of the currency or the cash. In the other hand it's good or profitable , But I think , or I predict I guess , it will be the money of all , the bitcoin I think and we will use it to buy things , to fill our daily needs , and a lot easier.

DronICO

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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?

Adoptation around the world is always good for any type of product. A merchants are forced to cash out their btc for usd since usd is a world leader of currencies. Goverment and taxes are the reason for cashing out theit btc. Once bitcoin will be accepted everywhere and taxes will be billed in bitcoins a merchants will keep it and hodl.

athanz88

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Activity: 476

Merit: 359

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?

Well, i think it wont affect bitcoin in anything, amount or price wise.
Because it is just like a normal buy and sell things, and that is what happen in an exchange everyday. It is just a cycle.
But for the transaction matter, there will be a lot of transaction if this happen, and the question is, can all this transaction be done in a fast and short time? This would hurt bitcoin names if the transaction is slow, as people want for faster and safe transaction with digital currency. So because of that, i would love to see bitcoin has a fast transaction (maybe instant would be better) with an acceptable fees.

HALLASTERA

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Bitcoin right now is best for investment not for payments. Best solutions for payments are stable currency but stable currency must be only centralized.

micher143

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Quote from: posi on December 03, 2017, 12:14:47 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?

Though is said to hit the mainstream soon but buying of stuff with bitcoin while the company sells it for cash is definitely not good for bitcoin price because it will literally cause some dump in price of bitcoin.

Going to malls, or other establishments using bitcoin as direct payment in exchange of cash might result to a negative effect on bitcoin price, but this may lead to the wide introduction of digital currency to the open public, mainly in the market world. If this happens, no one really knows whether it will create a negative impact on digital currency in general, because proper regulation might takes place, if this happens.

Mr.Smithers

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Activity: 105

Merit: 10

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?

My concern is not that the bitcoin price will rise or fall, but when more people shop with bitcoin, it will expose the inefficiency of bitcoin transactions and either cause a lot of transactions to fail or the transaction fee will be very high (as an example, last week I waited 4 days for a transaction to confirm). Either way it will be bad for bitcoin (if not disastrous). So I call the bitcoin devs to improve btc and do it soon; before it's too late and bitcoin gets replaced by some altcoin

Funeral Wreaths

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if that's the case then why wouldn't you use cash directly, rather than what you have said and it will only trigger the price of bitcoin to go down, and as of now bitcoin is not a good currency for day to day transactions, but i am also doubting that they will store bitcoins for the future.

bitctrimor1

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Activity: 252

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“Blockchain Connection Framework”

Quote from: p3ppymon on December 03, 2017, 12:28:44 PM

Sellers should be very happy to accept bitcoins for good, as the value of bitcoins is keeping up and up. Hence, I would expect a bigger return for the sold item paid in bitcoin. It is also good for the buyer as bitcoin has higher purchasing power.

It's always a good thing to shop conveniently. Bitcoin provides one option for people to do that moving away from the usual means like credit/debit cards or online banking transactions. Although bitcoin value has been on an all time high, there are still a few shops and establishments that accept it as a means of payment. I think as it becomes bigger, there will be more and more shops that would accept it in the near future.

godrey123

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Activity: 188

Merit: 10

yes ofcourse. I think it will be much easier to shop in bitcoin.

djmixen

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Activity: 518

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It depends upon the bitcoin holder whether they use their bitcoin or not on shopping online. If they want to use it even some online shopping has highest amount. if i were you i only use my bitcoin in important matters like the one that you need to your daily living.

Harlot

hero member

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Read an article about this although I forgot the exact names and places I got the main point that people or businesses willing to accept Bitcoin as a mode of payment they need to automatically convert it to Fiat currency in order to avoid earning unnecessary gains when its price appreciates. It is actually good if a country's government required these businesses by law to do so as they are actually will earn more if they buy and sell Bitcoin after earning it from you. I am on the government's side of it as it is a way to avoid abuse of its volatility.

imstillthebest

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Quote from: Alpha0One1 on December 04, 2017, 03:12:18 AM

Instantaneous shopping with BTC is not possible at the moment. You'll probably wait for hours just to get a cup of coffee.
There has to be an intermediary system to speed up transaction speed at the background than waiting for blockchain to verify transactions.

Crypto card will be a good solution for real time shopping.

bitcoin is still improving and upgrading in order for it soon to be used in an offline environment with much faster responce time. that is why there were still segwit and hardforks that occurs from time to time. some big companies offline or online are still dont use bitcoins to their payment options because they know and understand the consequencies they might face. also price fluctuations due to volatility is another problem here next to processing time although they can still adjust the transaction fee and put a high amount on it in order for the transaction to process faster or they can use some third party bitcoin transaction accelerator online to speed it up even more though some of these elite and premium service will cost much.

LUXMICOIN

newbie

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many company in usa acceting bitcoin as payment.but as bitcoin prize rissing .its better to hold.it not for spent

Alpha0One1

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Instantaneous shopping with BTC is not possible at the moment. You'll probably wait for hours just to get a cup of coffee.
There has to be an intermediary system to speed up transaction speed at the background than waiting for blockchain to verify transactions.

Crypto card will be a good solution for real time shopping.

jilani

full member

Activity: 244

Merit: 100

Shopping is my favorite hobby specially monthly minimum two or three times i try to buy online product with BTC although fee is high.I already bought many product by Bitcoin.Day by day many online shopping platform added Bitcoin payment processor.Even i heard amazon accept Bitcoin it's good news for BTC fan.

Kong Hey Pakboy

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Activity: 1120

Merit: 68

Well before answering the question, some of the shops in countries outside make bitcoin as a legal currency when they buy something. Some of these shops are on online. So will this implementation will be good or not? To be honest, from a perspective of being a citizen, there will be advantages and also disadvantages. Let's go with the advantages first, we can buy we want without getting our money on our wallet and as easy as sending bitcoin to the shop cashier will do the job. Easy as pie right? But maybe some of the disadvantages of this is getting so many crimes, such as not paying the right price, maybe buy something that is illegal and something like that. It is scary to happen.

ajmapalo22

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Activity: 266

Merit: 122

It would be nice if we can use our bitcoin in shopping so far the wallet I am currently using can do shopping using bitcoin and the service provider is the one who do the conversion of my bitcoin into our national currency. So far this is good though there really a case when the payment you made today can be higher or lower depending on the value of bitcoin.

zais

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Activity: 196

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?

Bitcoin is one type of currency only Bitcoin is a virtual currency that is only available in the digital world. Nowadays one can use Bitcoin to buy almost all kinds of goods ranging from clothing, traveling tickets, insurance and other things you need. Bitcoin can even be used to purchase luxury goods such as watches, cars, wine and paintings. Bitcoin has been widely used all over the world

Lancelot04

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Activity: 126

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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?

I wouldn't spend my Bitcoins to buy things, I would like to wait for its All time high before converting it into Fiat, then there I would buy my self some things.

audrey12

full member

Activity: 210

Merit: 108

The possibilities of involvement of bitcoin in a normal day to day buying of goods can really happen and I think those big companies are now looking on it but I think it woulld affect the pricing of bitcoin and they are right it's either the buyer or the company will incurred loss because of the fact that the value of bitcoin fluctuates from time to time.

Topic: shopping with BTC - page 4. (Read 1456 times)