It seems that almost all posts are missing the point of the question, and assume that the customer already has a substantial pile of bitcoins.
But the question was: if the client has no bitcoins, what is the advantage of
have dollars in the bank --> buy bitcoins --> pay merchant with bitcoins
over
have dollars in the bank --> pay merchant with dollars
Topic: Would u pay in bitcoin? - page 9. (Read 8968 times)
My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
If its cheaper then yes.
The lite wallets should be more publicised. Asking for a day to sync will turn off newbies.
Almost everyone will go for a discount even if it is 2-3% on a $50 purchase
My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
If its cheaper then yes.
The lite wallets should be more publicised. Asking for a day to sync will turn off newbies.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
This is not true.
If everyone had to pay a premium then it would not be a premium it would just be the market price
There is a bid-ask spread (difference between what people are ready to offer for bitcoins, and what people are ready to sell bitcoins for)
Add to that transaction costs, if any.
Plus when you buy something using your existing bitcoins which you mined/bought at a low price, it may generate a tax liability.
The bid-ask spread on exchanges are generally very low
This is not true.
If everyone had to pay a premium then it would not be a premium it would just be the market price
There is a bid-ask spread (difference between what people are ready to offer for bitcoins, and what people are ready to sell bitcoins for)
Add to that transaction costs, if any.
Plus when you buy something using your existing bitcoins which you mined/bought at a low price, it may generate a tax liability.
Would depend on what % of discount you get. Remember when aquiring bitcoins you often have to pay a premium to obtain them.
This is not true.
If everyone had to pay a premium then it would not be a premium it would just be the market price
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
If you're just going to buy your bitcoin back and pay a spread while doing so, what's the point? How big of a discount are we talking here?
The point would be to get the discount from the merchant.
The point the merchant may offer the discount is to get you to see how Bitcoin works.
Looks like people are hoarding it rather than using it.
I already bought some small thing with bitcoins, its not big issue to pay through bitcon.
If you're just going to buy your bitcoin back and pay a spread while doing so, what's the point? How big of a discount are we talking here?
Would depend on what % of discount you get. Remember when aquiring bitcoins you often have to pay a premium to obtain them.
My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
Depends from person to person. I created PayPal account only to protect my credit card data from bunch of users. I created skrill account only to cut my expenses in trading some Bitcoin (much lower fees than PayPal). So yes, i would if change is something i feel is worth it. 1$ is not worth it for sure...5$+? Who knows, depends on my mood in that moment. 10$+ sure, i would.
So...bsicly, answer would be: "depends on how much that "something" costa and how much i would be able to save". I'm guessing, more expensive item is, better price i would get.
If they can save $5 on their purchase for spending 5 minutes at a bitcoin ATM then it would be worth it, that works out to be $60 per hour.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Majority of people are lazy and also, not so many have wallets on their smartphones and also I can't find items to be paid for using BTC IRL.
Many people are lazy, but those people also want something for nothing. If a merchant is offering a discount for paying in BTC, and has a way to procure BTC right there then most people would have very little reason not to get this discount.
My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?
Depends from person to person. I created PayPal account only to protect my credit card data from bunch of users. I created skrill account only to cut my expenses in trading some Bitcoin (much lower fees than PayPal). So yes, i would if change is something i feel is worth it. 1$ is not worth it for sure...5$+? Who knows, depends on my mood in that moment. 10$+ sure, i would.
So...bsicly, answer would be: "depends on how much that "something" costa and how much i would be able to save". I'm guessing, more expensive item is, better price i would get.
i paid many times with BTC,one miner PSU broken in warranty,i paid 0.2BTC to my customer.It is fast and easy.
Majority of people are lazy and also, not so many have wallets on their smartphones and also I can't find items to be paid for using BTC IRL.
Hmmm I don't know about AFK, but for me.. it allows me the possibility to purchase things abroad online without any troubles. So in a way, bitcoin is the lazy solution to visa for me
Well, I think that's the distinction to make. I would love to be able to use my coins at more brick-and-mortar businesses (as opposed to web-based). Other than restaurant delivery through Foodler (which unfortunately is a bit lacking in my area), and a store here and there that accepts Gyft, there isn't much.
Majority of people are lazy and also, not so many have wallets on their smartphones and also I can't find items to be paid for using BTC IRL.
Hmmm I don't know about AFK, but for me.. it allows me the possibility to purchase things abroad online without any troubles. So in a way, bitcoin is the lazy solution to visa for me
Majority of people are lazy and also, not so many have wallets on their smartphones and also I can't find items to be paid for using BTC IRL.
Yes, I would pay in bitcoin because it is much easier than PayPal or any of those systems.
Yes, I'm glad to pay in Bitcoin if it possible.
For example, store or company which accepts Bitcoin, can buy an ATM like Lamassu,RoboCoin ecc. and then place it out there of their store, so, If I'm interested I can buy Bitcoin from the ATM and then buy something to the store
For example, store or company which accepts Bitcoin, can buy an ATM like Lamassu,RoboCoin ecc. and then place it out there of their store, so, If I'm interested I can buy Bitcoin from the ATM and then buy something to the store
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