Watch dealers who accept bitcoin?

[dimots]

Anyone know of a reputable dealer that accepts bitcoin? Bitpay or similar at a push but preferably just payment direct in btc to a wallet.

[jshell]

Many businesses are holding off on Bitcoin transactions due to volatility now.

[dimots]

That's no reason for businesses to hold off, you can instantly convert to fiat if you want. There is a growing audience of wealthy bitcoin owners out there so I guess it's just a matter of time. Just wondering if anyone is already on the ball with accepting bitcoin payments...seems to be nobody out there to take my btc.

[h0b0]

Yes, and you can convert to real currency and use that instead of expecting others to join in your speculation.

If you believe BTC is legitimate then you are asking the equivalent of


“Why will Tesco not accept my Dollars?”

[iphonedyou]

h0b0 said:

Yes, and you can convert to real currency and use that instead of expecting others to join in your speculation.

If you believe BTC is legitimate then you are asking the equivalent of


“Why will Tesco not accept my Dollars?”

Indeed.

[rustyuk]

Some high street shops do accept dollars, euros etc epscially in London.

[h0b0]

rustyuk said:

Some high street shops do accept dollars, euros etc epscially in London.

That only supports my first point that BTC is not a legitimate form of currency.

[CAPP0]

A boy asked his bitcoin-investing dad for 1 bitcoin for his birthday.

Dad: What? $15,554? $14,354 is a lot of money. What do you need $16,782 for anyway?

[Ari]

CAPP0 said:

A boy asked his bitcoin-investing dad for 1 bitcoin for his birthday.

Dad: What? $15,554? $14,354 is a lot of money. What do you need $16,782 for anyway?

OP, how about tulip bulbs? Must be some high end watch boutiques that would take those tulips bulbs surely?

[dimots]

Whilst bitcoin trading may be a bit Wild West right now, there's nothing laughable about the technology itself. I am well aware of the issues inherent in an unregulated marketplace, but that doesn't make the buying power of those holding bitcoin any less real...and for reasons of cost and convenience many will not want to convert to fiat in order to make purchases.

If you are a watch dealer who takes bitcoin and has a PP Nautilus 5712 please let me know...I'll take it!

[p1stonhead]

dimots said:

Whilst bitcoin trading may be a bit Wild West right now, there's nothing laughable about the technology itself. I am well aware of the issues inherent in an unregulated marketplace, but that doesn't make the buying power of those holding bitcoin any less real...and for reasons of cost and convenience many will not want to convert to fiat in order to make purchases.

If you are a watch dealer who takes bitcoin and has a PP Nautilus 5712 please let me know...I'll take it!

Which is why its useless as a currency right now.

If no one will convert to real money and no one will take BTC as payment.......

[dimots]

Don't mind getting off topic you lot do you? Bitcoin can of course easily be converted to fiat but why should I have to? I want to go all bitcoin if possible and ditch sterling.

[p1stonhead]

dimots said:

Don't mind getting off topic you lot do you? Bitcoin can of course easily be converted to fiat but why should I have to? I want to go all bitcoin if possible and ditch sterling.

Because you are the person who wants to 'spend it'. Why should a shop?

They could lose £2k from the time they print the reciept to the time you walk out the door. They could also gain the same in fairness, but businesses cant survive whilst taking such unnecessary risks.

If bitcoin stabalises it will be useful as a currency, until then, it will remain a fringe 'currency'.

[cat with a hat]

dimots said:

Don't mind getting off topic you lot do you? Bitcoin can of course easily be converted to fiat but why should I have to? I want to go all bitcoin if possible and ditch sterling.

Why should they have to convert a gambling slip to real money so you don't get hit with fees or even capital gains?..

[x5x3]

dimots said:

PP Nautilus 5712

if only you were after a 5711!

[tertius]

Jura accept Bitcoin via bitpay

[BluePurpleRed]

This is a little like expecting a dealer to accept Gold Bars or Futures contracts on Barrels of Oil.

Yes, in some circles they are perfectly fungible units of wealth but in others they really don't work.

[AyBee]

dimots said:

Don't mind getting off topic you lot do you? Bitcoin can of course easily be converted to fiat but why should I have to? I want to go all bitcoin if possible and ditch sterling.

Why do you not want to do the trade to £ yourself out of interest? You seem very keen for someone else to take your bitcoin risk and only have to look at today's variation ($1,123) to understand why nobody would be keen to accept payment in bitcoin. Bitcoin needs to be much more stable and much better understood before it becomes remotely useable in place of sterling.

[dimots]

tertius said:

Jura accept Bitcoin via bitpay

Thanks! Perfect browsing now!! No PP but some v nice JLC watches!

[dimots]

AyBee said:

Why do you not want to do the trade to £ yourself out of interest? You seem very keen for someone else to take your bitcoin risk and only have to look at today's variation ($1,123) to understand why nobody would be keen to accept payment in bitcoin. Bitcoin needs to be much more stable and much better understood before it becomes remotely useable in place of sterling.

I have to pay it into a bank account or an online payment provider - that has a cost. No cost in accepting btc direct.