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Why Shop With Bitcoin? Why should you shop online with Bitcoin.

Why Shop With Bitcoin?

Why should you shop online with Bitcoin instead of just using your bank card or online payment account?  The main reasons include:

1. Security

Millions of consumers are subjected to identity theft every year because their payment information falls into the hands of thieves.  With Bitcoin this is not possible because each payment is a one-time transaction and Bitcoin doesn't require any of your personal information for transactions to be approved.

2. Privacy

When you pay with traditional payment methods, there is a long chain of businesses that see your transaction and in some cases record it.  There is no central authority that sees this kind of information when paying with Bitcoin.

3. Speed

Most ecommerce checkout processes involve multiple steps that involve entering all of your billing information, your payment information, and shipping information.  Since billing and payment information is completely unnecessary when paying with Bitcoin the checkout process can be streamlined.

4. Lower Prices

Fraud is a huge problem in the ecommerce world that increases prices for everyone.  Since fraud is almost completely removed from the equation when paying with Bitcoin, the cost savings can be passed onto consumers.

An Illustrated History Of Bitcoin Crashes

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Wednesday saw one of the largest declines in Bitcoin prices in the cryptocurrency’s lifetime. Many commentators declared the fall the beginning of the end for Bitcoin. I’m not sure if that’s correct or not, but in any event a sense of perspective is always helpful. So here are the biggest Bitcoin crashes since I started paying attention to the currency in early 2011.

June 8-12, 2011

Peak price: $32

Price decline: 68 percent

This was the peak of the great Bitcoin bubble of 2011. Prices rebounded somewhat after this initial plunge, but there followed a long bear market that bottomed out at $2 in November 2011, a total decline of 94 percent. Prices wouldn’t return to this peak again until 2013.

January 17, 2012

Peak price: $7.20

Price decline: 36 percent

After prices fell to $2 in the fall of 2011, Bitcoin prices began to recover. They ended the year at $4.50, and rose to $7.20 in early January. Then on January 16 and 17 prices plunged, briefly falling to $4.60 before settling around $6.25. Bitcoin prices would not regain their previous highs for another six months.

August 17-19, 2012

Peak price: $15.25

Price decline: 51 percent

Bitcoin prices more than doubled between July 1 and August 18, 2012. Then in a matter of minutes, the price of Bitcoins fell from $15.25 to $10.50. The decline continued over the next two days, reaching a low of about $7.50. The price didn’t rise above $15 again until the new year.

An Illustrated History Of Bitcoin Crashes

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March 6 and 11, 2013

Peak price: $49

Price decline: 33 percent

Early 2013 saw an extraordinary Bitcoin boom. By the beginning of March, Bitcoin prices were already double the 2012 high, and they rose another 50 percent over the next week. Then on March 6, the price collapsed, briefly falling to $34 before rising again to $45.

A few days later, it happened again. A bug in the Bitcoin software on March 11 caused the price to fall from $48 to $36.50 in a matter of minutes. Once it became clear that the situation was under control, the currency rebounded to near its previous highs.

These two crashes didn’t have any noticeable impact on Bitcoin’s upward price trajectory. Bitcoin prices would reach $60 on March 19 and end the month above $90.

April 10, 2013

Peak price: $266

Price decline: 61 percent

Like last month’s crash, Wednesday’s decline left the currency’s value where it started out the month. Obviously, it was a very painful experience if you bought bitcoins in the last couple of days, but anyone who bought bitcoins at last week’s price of $140 is still significantly ahead. And people who bought at any time before this month have made a significant profit.

Of course, that assumes that prices don’t decline further in the coming days. It’s possible that today’s crash will inaugurate a bear market like the one that occurred in late 2011. It took almost 2 years for Bitcoin prices to recover from those declines. Perhaps we won’t see Bitcoins worth $260 again until 2015. Or ever.

But ultimately I think that underscores the point I made on Wednesday morning around the time the crash was beginning. The claim that Wednesday morning’s prices were a bubble is ultimately a prediction about the long-term value of the currency. If bitcoins are worth $500 in 2018, we’ll look back at Wednesday’s sell-off as a freak event that (like the other crashes that came before it) temporarily halted the rise toward the currency’s real value. Conversely, if a bitcoin has fallen to $5 five years from now, we’ll shake our heads at the irrational exuberance that once valued a bitcoin at $260 (or $32, for that matter). But right now, it’s simply too early to tell.

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We are looking for a Bitcoin friendly web designer and/or programmer to work with us....

If you are bitcoin friendly and have graphic or programming knowledge please contact us.

Multibit - Multi BIT

You spend money online every month. You probably have a payment card that is linked to accounts with online merchants. This causes some problems for you without you being directly aware of them.

• First, you must ensure that you don't miss paying off your payment card in full at the end of each month or you will incur an interest fee. Some payment cards will charge you a monthly fee just for using them.
• Second, the details of all your purchases on those credit cards are shared back to the credit card companies. They carefully track every purchase you make. Over time your spending habits allow these companies to profile you and sell your profile to other companies. That is more junk mail for you.
• Third, your merchant is forced to pay the payment card companies a significant amount of their profit in transaction fees and equipment rental fees. You may not think this is your problem, but the merchant must pass on those additional costs to you in order for them to stay in business. You pay more because you must use a payment card online.
• Fourth, let us hope that scammers do not steal your credit card details from the merchants and payment processors. If they do, that is more headaches for you.

Bitcoin is different. It is money, reinvented.

You purchase bitcoins on an exchange (more about that later) and then spend them online using your smartphone, tablet or computer. A Bitcoin transaction is private between you and the merchant. No-one else knows what you purchased, or where. The merchant will typically provide you with a Bitcoin link or QR code which looks like this

Please donate to Bitcoin

All you need to do is click on the link or image and MultiBit starts up and fills out the details. You then click send and confirm that you are happy with the purchase. Start using Bitcoin and you will want to throw away your clumsy credit cards.

More things you can do with Bitcoin and MultiBit:

• Install a bitcoin wallet on your smartphone - you can scan the QR code and it will fill out the purchase details on your phone.
• If you are a blogger, why not accept Bitcoin donations with a single click ?
  
  WE CAN HELP YOU!
  
  

Bitcoin Butcher - Quality Meat - BTC Spokane Washington

Now one local butcher will also accept bitcoins !  BTC Butcher is a trial project as two fellow bitcoin members met with the idea.  If you want more information let us know!

Limited to $500 order max!  $5000 per day!
This offer is self funded by the two members so offer only valid as long as we can fund!

More updates will be posted soon!


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Bitcoin Shipping Supplies

Gold Kraft Bubble Mailers
ITEM #	USABLE SIZE	PCS/CTN	Price
#000	4 x 7 +1.57''	500	$    33.60
#00	5 x 9 +1.57''	250	$    24.64
#0	6.5 x 9 +1.57''	250	$    30.52

Poly Bubble Mailers
ITEM #	USABLE SIZE	PCS/CTN	Price
#000	4 x 7 +1.57''	500	$    35.84
#00	5 x 9 +1.57''	250	$    26.88
#0	6.5 x 9 +1.57''	250	$    32.20

Please let us know what other shipping supplies you may need!

Thanks,

Bitcoin Blogger