Topic: Why Isn't Bitmit more popular? (Read 2828 times)

I don't know and it's not worth my time trying to find out, but that account does seem excessively protective of MP and his ventures.

Probably because they only take bitcoin, and most of us don't want to part with our bitcoin.

Her RL identity isn't hard to discover.  People have found her blogs and posted pictures from them on here before.  Having boobs is apparently supposed to make you stupid or something, thus the persistence of the rumour that MPOE-PR is a Mircea Popescu sock puppet.

I'm pretty sure the person who controls that account is male.

Bitmit works well. I have sold about 30 items there and haven't had any problems that were BM's fault. It does seem to suffer from a lack of investment and promotion though. As has been pointed out there is a relative lack of buyers. Auctions typically get no bids, even when I set a starting price that is clearly below market value.

She looks like some kind of cocky Princess Leia.

FYI: If you set your auctions to automatically relist, your relisted auction will often exclude your original image(s).

In related news, my underpriced shave oil is one of today's "hot auctions." Woooo... let's buy and sell things with bitcoin!

I think he was kidding. You actually don't look too much like her...but you do look  *someone*. :-)

I'm not the chick from Weeds whatever that is, and maybe you should consume less of it?

I also don't think Bitmit should try to copy/emulate ebay in any way shape or form. Ebay fucking sucks massive donkey dong. People only use it because

a) no other choice, they have the biggest customer base
b) you can do chargebacks to prevent getting scammed, and there is plenty of auction scams like the "Brand new in box!" cellphone that is actually a very scratched used device with a counterfeit battery that explodes.

Ebay's business model is from the 1990s, so since this is the 21st century come up with your own ideas on how auctions should happen and dump the past in the garbage where it belongs

Your the chic from Weeds?!!? Why the hell didnt you show your boobs until like season 4?

Me, actually.

Mpoe, I think you summed it up...by the way who is that in your icon?..looks so familiar....

Because they're incompetently run (as usual in BTCland: coder people think they're "CEO" etc). Never works irl.

You need business people to run a business.

Some things that I feel could be added to the service that eBay has which makes bitmit lacking:

1. "Watch" feature - being able to track the auctions which catch your eye and remembering them for later

2. "Best Offer" feature - being able to offer less than the selling price for "Buy it now"-style listings. The other person would be able to accept or decline said offers.

3. A better advanced search functionality. Being able to search completed listings, as well as search by category and price, among other things.

All of these things I feel would attract buyers more.

Another thing that COULD attract buyers, is the ability to pay in USD. That money could then be converted to Bitcoin by a third-party service, or by Bitmit itself. However, this would be a big jump from the services they currently offer. Also, the ability to print shipping labels somehow from within bitmit would be a great advantage as well. But being as it's a small business, not likely.

The biggest thing is, are people actually willing to SPEND bitcoins. I personally would love to see a market develop. But not when 90%+ of bitcoin owners only own bitcoins to make money on bitcoin values. This needs more buyers for bitmit to be successful. It also doesn't help that the bitmit market seems to be mostly for things like electronics and  metal coins (not much a demand for anything else from what I've seen).

The one item I sold, was a pokemon white game. I ended up getting 0.21 BTC for it, 0.3 BTC for international shipping. However, it was due to my advertising on THIS site that gave me that price. Without going out and advertising it externally, it would have probably sold for 0.01 BTC (or possible 0.11, not sure if that bidder was from here as well)

Just give the site time. Ebay started out in some guy's garage or something and took years to take off

But there shouldn't be trust issues as they do offer escrow.

The main thing is trust. There isn't any. Most sellers don't have any kind of history and hence people are not willing to risk irreversible transactions to get the item. Most buyers have a lot better deal with fiat currency on ebay complete with reversible transactions via paypal.

Until there's a really good trust system, this isn't going to get better anytime soon.

There is another site, I cant remember the name right now, but it is smaller than Bitmit. I also didnt try to use it yet.
And those outdated ads cluttering the ad space are irritating. Especially because Im selling Amazon Gift Cards, though I was smart enough to tie the price to USD. If they are going to allow indefinite listings, they should probably send out an email every week or two and make the seller confirm that they still want the item listed. No reply, remove ad.

There should be some way the site can vet the sellers. My biggest problem with bitmit is buying stuff and then no response. If you cancel the order they hold the escrow for 2 weeks! They need to be more proactive in weeding out bad/outdated listings (like $100 amazong gift cards going for $250 because they pegged the price on btc).

It's a great opportunity for someone to create a competitive site that works better

cb

To many sellers not enough buyers. I was trying to sell 30 $25 Best Buy gift codes and got absolutely zero views in 7 days.