When it comes to popular services where users can spend Bitcoin on popular sites such as Amazon, customers are shortsighted for the most part. That is only natural, as an individual user will think of the things they need to purchase right away and give those the biggest priority. But what if there was another way to go about things, and use Purse.io as a platform to make money while spending Bitcoin?
There are a few basic guidelines consumers need to understand about a platform such as Purse.io. Orders are being filled by people who are willing to pay a hefty premium price for Bitcoin, by using convenient payment methods. However, there are unwritten rules as to how high this premium price should be.
As much as every Bitcoin enthusiasts would like to sell 4 Bitcoin to pay for an order costing over 6 Bitcoin at regular rates, that simply will not happen. No customer would pay a premium price of 50%, just to buy Bitcoin in a convenient manner. Some industry experts might even argue that driving to a Bitcoin ATM 250 miles away is a cheaper option to buy virtual currency.
Despite the recent shift in consumerism towards a more “aggressive price deal” nature, common sense still prevails in most cases. Small orders on Purse.io will get filled a lot quicker, compared to those orders priced at over US$1000. The reason for this is simple: people are buying Bitcoin in small quantities, and the current Bitcoin price allows for that opportunity.
It is important to keep in mind that the person buying Bitcoin through Purse.io, is effectively buying an item on Amazon for somebody else. Ringing up a credit card bill of 4 digits on an order placed on Amazon that was not delivered to their home, might raise unwanted questions from a spouse, children, and family. Not to mention, credit card bills still need to paid on time, and major expenses can throw a monkey wrench in those plans.
That being said, there are plenty of opportunities to sell Bitcoin at a premium price, and make an additional profit on top of that price. This method is called “arbitrage,” a term well-known in the financial sector. Those who hold Bitcoin have leverage over customers looking to buy Bitcoin, but without a proper plan, those orders will not get fulfilled any time soon.
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