herein my country is not that quite known what Bitcoins is,
many of our citizens here are uneducated if we talk about bitcoins that's the main problem
Topic: The problem with paying using bitcoin (Read 1542 times)
The problem with paying using bitcoin?
herein my country is not that quite known what Bitcoins is,
many of our citizens here are uneducated if we talk about bitcoins that's the main problem
herein my country is not that quite known what Bitcoins is,
many of our citizens here are uneducated if we talk about bitcoins that's the main problem
I've never had problem paying with BTC except where I get scared at the time I'm manually making some payment, I'm afraid if I've entered the extra amount and I check multiple times before clicking on the send button
I never have experienced any problems when paying using bitcoins but maybe that is because have not paid much with bitcoins. They need to fix this if it is true because I really want bitcoin to partner with online web shops so are able to pay with bitcoins.
Now that open bazaar seems to be running all good for me now and i can browse through the various wares there's still one problem ive noticed when using it. Bitcoin costs too much to buy in order to use, If i could buy bitcoin at spot price then it wouldnt be so bad, but as it is i have to take into account what it costs over spot price to buy bitcoin and then whether or not id be as well just buying with cash elsewhere.
Maybe at some point open bazaar could implement its own exchange but id still imagine prices will be over spot, Maybe its just me but as a holder i now feel id rather part with cash than btc.
yeah i feel that too,too much cost for any goods that selling with bitcoin payment,i am find this not only on openbazaar. i wish not much people will not do this on openbazaar.Maybe at some point open bazaar could implement its own exchange but id still imagine prices will be over spot, Maybe its just me but as a holder i now feel id rather part with cash than btc.
If i buying stuff, not much merchant accepted bitcoin.
That's my problem with bitcoin
That's my problem with bitcoin
Yea I know what you're talking about, I too have noticed a lot of items priced higher than normal on sites that were built primarily around Bitcoin. You won't have this problem with well established retailers like Overstock and Newegg though.
Right now very small number of stores were accepting bitcoin and users also very low compared to the physical currency usage. So those traders to earn a good profit fixes high price for the purchases made through bitcoin. When users increase this problem won't be there.
ebay may not be escrow right? so many traders still consider it
for me to be honest i have never had any troubles paying with my bitcoins for any of the shoppings i have done ever, i have tried buying some digital good and everything went smoothly
of course there arent a lot of shops accepting it but there will be more of them in the future and it will be way easier to pay for all your stuff in bitcoins, though those are just my predictions
of course there arent a lot of shops accepting it but there will be more of them in the future and it will be way easier to pay for all your stuff in bitcoins, though those are just my predictions
Now that open bazaar seems to be running all good for me now and i can browse through the various wares there's still one problem ive noticed when using it. Bitcoin costs too much to buy in order to use, If i could buy bitcoin at spot price then it wouldnt be so bad, but as it is i have to take into account what it costs over spot price to buy bitcoin and then whether or not id be as well just buying with cash elsewhere.
Maybe at some point open bazaar could implement its own exchange but id still imagine prices will be over spot, Maybe its just me but as a holder i now feel id rather part with cash than btc.
Maybe at some point open bazaar could implement its own exchange but id still imagine prices will be over spot, Maybe its just me but as a holder i now feel id rather part with cash than btc.
I dont really get what you mean here, bitcoin costs to much??? if you want to buy a tshirt which costs $10 then you buy $10 of bitcoin to buy the tshirt,
Why would anyone go through the trouble to download an application to do this? What is the advantage of this vs buying something from a Bitcoin accepting online merchant?
Good idea about having a built-in exchange.
You might be able to buy bitcoin on this forum at around spot, but not consistently. And yeah, using fiat makes more sense a vast majority of times. I don't think bitcoin is cut out to be a currency.
You might be able to buy bitcoin on this forum at around spot, but not consistently. And yeah, using fiat makes more sense a vast majority of times. I don't think bitcoin is cut out to be a currency.
Yea I know what you're talking about, I too have noticed a lot of items priced higher than normal on sites that were built primarily around Bitcoin. You won't have this problem with well established retailers like Overstock and Newegg though.
yeah I often find goods more expensive when I bought with bitcoin. I do not know they are using bitcoin lower rate or anything. but that such discrimination. if you buy and pay with paypal you only need to pay $ 10. but with bitcoin you have to pay $ 15. it often happened to meBut a only problem in the bitcoin, very less escrow system in bitcoin trusting method. So I would like to use the bitcoins to purchase the goods by bitcoins. some time scammers use to fake the people mostly. Better please aware of it.
Help me out here.... Are you saying the goods on offer there should be cheaper {spot prices} or the Bitcoins should be cheaper? ... If you saying the goods must be cheaper, I kind of agree with you. The
merchants could be saving on some banking fees, because most transfers are much more expensive in fiat systems or fees added by eBay / Amazon / etc.. To encourage people to switch to a new
platform, merchants will have to offer some discounts for Bitcoin purchases in the beginning... because they are saving on fees. {Just my suggestion to make things more attractive on OpenBazaar}
On the option for them to create a centralized exchange on a decentralized market place... No thank you... We have seen too many of these services getting targeted already..
merchants could be saving on some banking fees, because most transfers are much more expensive in fiat systems or fees added by eBay / Amazon / etc.. To encourage people to switch to a new
platform, merchants will have to offer some discounts for Bitcoin purchases in the beginning... because they are saving on fees. {Just my suggestion to make things more attractive on OpenBazaar}
On the option for them to create a centralized exchange on a decentralized market place... No thank you... We have seen too many of these services getting targeted already..
Yea I know what you're talking about, I too have noticed a lot of items priced higher than normal on sites that were built primarily around Bitcoin. You won't have this problem with well established retailers like Overstock and Newegg though.
yeah I often find goods more expensive when I bought with bitcoin. I do not know they are using bitcoin lower rate or anything. but that such discrimination. if you buy and pay with paypal you only need to pay $ 10. but with bitcoin you have to pay $ 15. it often happened to me 
there are service like this https://www.reddit.com/r/Bitcoin/comments/2kpwah/coinapult_locks_vs_bitreserve_price_comparison/, https://coinapult.com/
that go against the instable nature of bitcoin, they lock your funds with a tiny spread https://en.bitcoin.it/wiki/Coinapult
that go against the instable nature of bitcoin, they lock your funds with a tiny spread https://en.bitcoin.it/wiki/Coinapult
Yea I know what you're talking about, I too have noticed a lot of items priced higher than normal on sites that were built primarily around Bitcoin. You won't have this problem with well established retailers like Overstock and Newegg though.
Right now very small number of stores were accepting bitcoin and users also very low compared to the physical currency usage. So those traders to earn a good profit fixes high price for the purchases made through bitcoin. When users increase this problem won't be there.
Exchanges with the biggest volume favor larger pourchases, in general, it's not convininet for you if all you need to do it get a small amount. It'd be best to find other places to buy small amounts other than eshablished exhcanges that favor trades with big amounts. Consider localbitcoins, it'd be nice if openbazaar implemented it's own web of trust for bitcoin trades though.
Yea I know what you're talking about, I too have noticed a lot of items priced higher than normal on sites that were built primarily around Bitcoin. You won't have this problem with well established retailers like Overstock and Newegg though.
Where are you guys buying your Bitcoins from? I am buying at an exchange with my debit card because the fees look lower to me than trying to buy coins from Localbitcoins where a lot of sellers put 10%-20% markup on top of the spot price of Bitcoin.
i have no problem when paying or buying bitcoin,yes you right if buying from people on localbitcoins the price higher almost 10%,its always happen in some person to person transaction. and i also more like to buy on exchange.That means they lose a few percent, we lose a few percent, who comes out on top?!
If they directly accepted bitcoin into their own wallet, then they could offer us a discount of a few percent, and we would all be winners. I won't hold my breath.
Where are you guys buying your Bitcoins from? I am buying at an exchange with my debit card because the fees look lower to me than trying to buy coins from Localbitcoins where a lot of sellers put 10%-20% markup on top of the spot price of Bitcoin.
i have no problem when paying or buying bitcoin,yes you right if buying from people on localbitcoins the price higher almost 10%,its always happen in some person to person transaction. and i also more like to buy on exchange. 
Now that open bazaar seems to be running all good for me now and i can browse through the various wares there's still one problem ive noticed when using it. Bitcoin costs too much to buy in order to use, If i could buy bitcoin at spot price then it wouldnt be so bad, but as it is i have to take into account what it costs over spot price to buy bitcoin and then whether or not id be as well just buying with cash elsewhere.
Maybe at some point open bazaar could implement its own exchange but id still imagine prices will be over spot, Maybe its just me but as a holder i now feel id rather part with cash than btc.
Maybe at some point open bazaar could implement its own exchange but id still imagine prices will be over spot, Maybe its just me but as a holder i now feel id rather part with cash than btc.
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ive noticed when using it. Bitcoin costs too much to buy in order to use
not agreed with this,tell me what part of bitcoin that take cost too much?can you give us any sample?i dont think paying using bitcoin have many problem,the problem it self is come from user and device,that is it.
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