Topic: Sucks its nearly impossible to sell tangible goods for BTC! (Read 3248 times)
When paychecks are in BTC, it will be easy to sell goods for BTC.
Yeah, but will people want to receive their paychecks in BTC? Do they get to chose whether to receive their pay in BTC or will they have to adapt? I guess most people will still stick to their regular FIAT currency!
Yes, they will. The majority of people will want paychecks in BTC when they see many other people have paychecks in BTC. Who will jump on board first? The innovators, the risk-takers, and the wealthy, just like it's always been.
As cool as it may sound getting paid in bitcoin I don't have the faith or confidence in it right now to do so. I like being able to buy as little or as a much as i like per month and this depends on certain actors like the price etc. I think getting paid wholly in bitcoin could be disastrous if we go by recent events and for that reason it is still a very risky experiment and not one I'd like to gamble all my monthly wage on.
You don't fit into the category, then...
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...Who will jump on board first? The innovators, the risk-takers, and the wealthy, just like it's always been.
Also, the more people that get paychecks in BTC, the more demand and liquidity increase.
When paychecks are in BTC, it will be easy to sell goods for BTC.
Yeah, but will people want to receive their paychecks in BTC? Do they get to chose whether to receive their pay in BTC or will they have to adapt? I guess most people will still stick to their regular FIAT currency!
Yes, they will. The majority of people will want paychecks in BTC when they see many other people have paychecks in BTC. Who will jump on board first? The innovators, the risk-takers, and the wealthy, just like it's always been.
As cool as it may sound getting paid in bitcoin I don't have the faith or confidence in it right now to do so. I like being able to buy as little or as a much as i like per month and this depends on certain actors like the price etc. I think getting paid wholly in bitcoin could be disastrous if we go by recent events and for that reason it is still a very risky experiment and not one I'd like to gamble all my monthly wage on.
When paychecks are in BTC, it will be easy to sell goods for BTC.
Yeah, but will people want to receive their paychecks in BTC? Do they get to chose whether to receive their pay in BTC or will they have to adapt? I guess most people will still stick to their regular FIAT currency!
Yes, they will. The majority of people will want paychecks in BTC when they see many other people have paychecks in BTC. Who will jump on board first? The innovators, the risk-takers, and the wealthy, just like it's always been.
It would be disadvantageous not to join the wagon. If most people get paid a certain way, that alone indicates that people would easily be able to spend their BTC. Also, volatility smooths out as more people join, generally speaking.
Onewallet.io is pretty cool and although small (at the moment) is like an eBay for Bitcoin: http://www.onewallet.io/
BitMit was awesome I miss that site. Anything else like that still around?
BitMit was awesome I miss that site. Anything else like that still around?
Onewallet looks cool.!! yeah even I miss bitmit.!! used to be awesome.!
Maybe I should make a new BitMit
Onewallet.io is pretty cool and although small (at the moment) is like an eBay for Bitcoin: http://www.onewallet.io/
BitMit was awesome I miss that site. Anything else like that still around?
BitMit was awesome I miss that site. Anything else like that still around?
Onewallet looks cool.!! yeah even I miss bitmit.!! used to be awesome.!
Onewallet.io is pretty cool and although small (at the moment) is like an eBay for Bitcoin: http://www.onewallet.io/
BitMit was awesome I miss that site. Anything else like that still around?
BitMit was awesome I miss that site. Anything else like that still around?
When paychecks are in BTC, it will be easy to sell goods for BTC.
Yeah, but will people want to receive their paychecks in BTC? Do they get to chose whether to receive their pay in BTC or will they have to adapt? I guess most people will still stick to their regular FIAT currency!
Yes, they will. The majority of people will want paychecks in BTC when they see many other people have paychecks in BTC. Who will jump on board first? The innovators, the risk-takers, and the wealthy, just like it's always been.
^I agree. Hold that bitcoin and you'll likely be able to spend it at some point on the things you want and by then it should have risen by a considerable amount so It'll hopefully be a decent investment too, then we get to spend it on things we actually want. I also agree that it is disappointing that we can't buy much with it currently in the grand scheme of things but this will grow over the next couple of years.
Only thing is using a visa typically costs the merchant money, not the consumer. only if everyone started using btc, and the merchant noticed and then lowered prices would you save money. Moreover, the money you could lose by a 10-30% swing in btc price/USD will greatly outweigh any transaction cost savings.
I've seen quite a few places offer a discount for BTC on account of that, it could do a lot to encourage adoption but not heard any figures for it and I'd imagine they're be very hard to get.
Yeah I think Dell did initially, but only on their alienware comp's. Overstock may have too on certain goods, but def not enough places that your average joe would decide to go figure out how to use btc, buy some, then use it to save a few dollars. Seems like these offers only got current users/holders to spend some they already had.
This sort of thing is the big benefit of bitcoin to merchants and hopefully they'll realize that over time but sadly the general public usually doesn't realize a good thing so it can take time but it if we keep spreading the word and have faith hopefully this will change... but it wont come overnight.
There is more than 10 million items in bspend.com database. Possible to filter by shipping location and other criteria. I think it's not the lack of choice of products, rather there are these 2 issues about btc use in e-commerce:
1) most of ppl got into it to make money, holding and hoping it will make them rich. I think the bubble deflation was thus useful to knock people out of this get quick rich attitude and start thinking about using the damn technology for something useful.
2) The merchants still don't give discounts that would motivate the customers to use btc payment option
Doing it... dont worry... wait a few more months
I know you're working on it but one man is not an island.
There are more people working on Bitcoin in India than one can imagine. The problem is that, they are struggling to get a legal identity and hence unable to come up in open to the community. At this early stage, what the most of them need is "a bit of love". I have seen multiple businesses coming to this forum for promotion and being called as outright scam for no apparent reason. This way, the bitcoin people are losing their own opportunity. The Chinese & Indian can create the demand for Bitcoin that no other country in the world can. But, if the businesses does not grow there, if the bitcoin does not circulate their, if the bitcoin developers can not breathe there, the demand will never be created...
It's good news that there's a large group promoting bitcoin in India. I hope cultural differences between the two won't keep Bitcoin from being as important in India as it was in China. The Chinese have very limited investment opportunities and are very big gamblers. I play Pai Gow poker with a bunch of Chinese friends and they make it sound like the Chinese would rather gamble than breathe. I thought Indian people were frugal and conscientious with their money, is that true?
We are working on bringing BTMs to various countries, partnering with Easybit llc. Got first BTM in Croatia, found location for the second Thai BTM and now working on getting the first BTM to Saigon, Vietnam. I just came back from Mumbai, India and talked to various ppl trying just to find a location and operator while fully investing in a Bitaccess 2-way, shipping and customs. I still don't have a location in India! Ppl seem to be very afraid of the government even though the central bank gave quite a positive/neutral statement. Half of the companies listed on coinmap.org don't even accept Bitcoin any more. I found some potential partners at Techfest at IIT but nothing conclusive yet.
1) most of ppl got into it to make money, holding and hoping it will make them rich. I think the bubble deflation was thus useful to knock people out of this get quick rich attitude and start thinking about using the damn technology for something useful.
2) The merchants still don't give discounts that would motivate the customers to use btc payment option
What we need to get the "energy" back your talking about is another big country like China. Have we done everything possible to promote Bitcoin in India? There's over a billion of them too.
Doing it... dont worry... wait a few more months
I know you're working on it but one man is not an island.
There are more people working on Bitcoin in India than one can imagine. The problem is that, they are struggling to get a legal identity and hence unable to come up in open to the community. At this early stage, what the most of them need is "a bit of love". I have seen multiple businesses coming to this forum for promotion and being called as outright scam for no apparent reason. This way, the bitcoin people are losing their own opportunity. The Chinese & Indian can create the demand for Bitcoin that no other country in the world can. But, if the businesses does not grow there, if the bitcoin does not circulate their, if the bitcoin developers can not breathe there, the demand will never be created...
It's good news that there's a large group promoting bitcoin in India. I hope cultural differences between the two won't keep Bitcoin from being as important in India as it was in China. The Chinese have very limited investment opportunities and are very big gamblers. I play Pai Gow poker with a bunch of Chinese friends and they make it sound like the Chinese would rather gamble than breathe. I thought Indian people were frugal and conscientious with their money, is that true?
We are working on bringing BTMs to various countries, partnering with Easybit llc. Got first BTM in Croatia, found location for the second Thai BTM and now working on getting the first BTM to Saigon, Vietnam. I just came back from Mumbai, India and talked to various ppl trying just to find a location and operator while fully investing in a Bitaccess 2-way, shipping and customs. I still don't have a location in India! Ppl seem to be very afraid of the government even though the central bank gave quite a positive/neutral statement. Half of the companies listed on coinmap.org don't even accept Bitcoin any more. I found some potential partners at Techfest at IIT but nothing conclusive yet.
sorry never heard of "bitcoin city" Madeira Beach
sell it for fiat. when the buyer is ready direct them to circle or coinbase.
sell it for fiat. when the buyer is ready direct them to circle or coinbase.
I sold miners for Bitcoin. No escrow, people sent ahead.
However, if you pay on delivery and the shipping is cheap, people here will prefer old money. Plus since it's miners, they are selling their old money for Bitcoin, so maybe not the best example.
However, if you pay on delivery and the shipping is cheap, people here will prefer old money. Plus since it's miners, they are selling their old money for Bitcoin, so maybe not the best example.
When paychecks are in BTC, it will be easy to sell goods for BTC.
Yeah, but will people want to receive their paychecks in BTC? Do they get to chose whether to receive their pay in BTC or will they have to adapt? I guess most people will still stick to their regular FIAT currency!
Yes, they will. The majority of people will want paychecks in BTC when they see many other people have paychecks in BTC. Who will jump on board first? The innovators, the risk-takers, and the wealthy, just like it's always been.
They will likely get to choose their ratio of BTC to fiat. This is already possible with BitPay.
People will stick to fiat currency until people don't stick to it. How many chicken-and-egg tests does BTC need to pass before people realize that these sort of problems have a natural way of working themselves out? "But who will make the first transaction?" It happened. "But what merchant will accept something hardly anyone uses?" It happened. "But who will buy BTC if hardly anyone accepts it?" It happened. It will happen again, and it will keep happening.
Doing large btc tx in person is very risky tho. If i'm a buyer i wouldnt meet some stranger with tens thousands $ worth of btc on me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
I sold a car for $26K in BTC last year. I've also sold BTC for $4-5K cash on a regular basis back when I was mining "too much". Never once had a problem. Well actually, once somebody gave me 2 fake $20 bills, but that was it really.
When paychecks are in BTC, it will be easy to sell goods for BTC.
Yeah, but will people want to receive their paychecks in BTC? Do they get to chose whether to receive their pay in BTC or will they have to adapt? I guess most people will still stick to their regular FIAT currency!
When paychecks are in BTC, it will be easy to sell goods for BTC.
We already had an eBay-kind of site already: bitmit. I guess the reason it closed down was that is wasn't operated very professionally and the people just didn't want to deal with all the hassle that comes with operating such a site!
Doing large btc tx in person is very risky tho. If i'm a buyer i wouldnt meet some stranger with tens thousands $ worth of btc on me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
BTC is great for micropayments and online, digital tx. But until there is Bank-like bitcoin service (escrow) doing large btc tx in person is not for me.
Nonsense. I have sold many of my high value cars and properties, and the experience would have been always better with bitcoin.
Where did you sell those locally? do you live in silicon valley?
It's brand new. We cannot expect the non internet savvy masses to jump in so quickly. My best friend did not even know what BTC was until I asked him yesterday and had to explain it. We should be selling to each other and keep the savings in the family. Think of how much we are going to save and make in the long run anyway. Just sell to people that know what BTC is.
That being said! -- If you need apple products please visit my URL: http://bitsformacs.com/?wpam_refkey=6
You can buy Macs, iPhones and iPads with Bitcoins. I have discounts available as well 5% off and 8% off purchases, PM me for more information!
Super excited to be here with you guys. Bitcoins future is unstoppable, hoping the Government doesn't jump in and try to regulate us too soon!
Peace
Trav
That being said! -- If you need apple products please visit my URL: http://bitsformacs.com/?wpam_refkey=6
You can buy Macs, iPhones and iPads with Bitcoins. I have discounts available as well 5% off and 8% off purchases, PM me for more information!
Super excited to be here with you guys. Bitcoins future is unstoppable, hoping the Government doesn't jump in and try to regulate us too soon!
Peace
Trav
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