Would u pay in bitcoin? - page 9. | Bitcointalksearch.org

Harley997

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Quote from: Carra23 on June 15, 2014, 04:58:44 PM

Quote from: bitkilo on May 12, 2014, 07:46:24 AM

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?

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

Carra23

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Quote from: bitkilo on May 12, 2014, 07:46:24 AM

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?

If its cheaper then yes.

The lite wallets should be more publicised. Asking for a day to sync will turn off newbies.

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: polynesia on June 15, 2014, 02:19:43 AM

Quote from: Harley997 on June 15, 2014, 01:35:42 AM

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. Wink

The bid-ask spread on exchanges are generally very low

polynesia

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Quote from: Harley997 on June 15, 2014, 01:35:42 AM

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. Wink

Harley997

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Quote from: makebitcoin on June 14, 2014, 11:34:11 AM

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

ShakyhandsBTCer

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Quote from: Este Nuno on June 14, 2014, 12:38:00 PM

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.

Leina

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Looks like people are hoarding it rather than using it.

johnwest

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I already bought some small thing with bitcoins, its not big issue to pay through bitcon.

Este Nuno

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amarha

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?

makebitcoin

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Would depend on what % of discount you get. Remember when aquiring bitcoins you often have to pay a premium to obtain them.

Harley997

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Quote from: ljudotina on June 13, 2014, 03:34:38 PM

Quote from: bitkilo on May 12, 2014, 07:46:24 AM

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?

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.

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: joshraban76 on June 13, 2014, 11:37:29 AM

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.

ljudotina

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Quote from: bitkilo on May 12, 2014, 07:46:24 AM

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?

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.

zyhsu815

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i paid many times with BTC,one miner PSU broken in warranty,i paid 0.2BTC to my customer.It is fast and easy.

CEG5952

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Buy and sell bitcoins,

Quote from: bitsmichel on June 13, 2014, 11:39:42 AM

Quote from: joshraban76 on June 13, 2014, 11:37:29 AM

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.

bitsmichel

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Quote from: joshraban76 on June 13, 2014, 11:37:29 AM

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

joshraban76

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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.

bitsmichel

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Yes, I would pay in bitcoin because it is much easier than PayPal or any of those systems.

Gianluca95

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Reputation first.

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 Grin

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: CEG5952 on June 09, 2014, 11:30:29 PM

Quote from: bitkilo on May 12, 2014, 07:46:24 AM

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?

But it's not just for the first time -- if you start having some BTC on hand, you will always get these sort of discounts. IMO, in the future, some market niches (adult entertainment industry, for one) will use BTC and will give discounts for people to use it. No chargebacks...

The "immoral" industries, like porn, legal pot, certain medical procedures, alcohol have a huge incentive to accept bitcoin. Not only would it be much more difficult for them to get robbed (when they deal with cash) but they would not have to deal with chargebacks which can eat into their profits significantly

To answer the OP's original question, yes after learning about the benefits of Bitcoin I would certainly buy a product using bitcoin.

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