A good way to promote Bitcoin or not? - page 3.

kamvreto

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Quote from: serjent05 on January 16, 2023, 04:21:29 PM

I think accepting Bitcoin is a good way to promote both Bitcoin and your store because

You can attract customers who are interested in using cryptocurrency for purchases.
You can also attract customers who wanted to venture a different method of payment.
It is also possible for your business to open globally or access international customers because Bitcoin is a p2p payment system that knows no boundaries.
It is also a good way to raise awareness about Bitcoin people will possibley become interested on Bitcoin whenever they see the banner of your store stating that it is accepting Bitcoin

from the several points you mentioned, increasing awareness of the use of bitcoin is the main purpose why adoption is done. Ordinary people who don't understand bitcoin don't know how useful bitcoin is for payment and is an option for payment today. not only as a means of payment, but also can be used as a good investment tool if you can manage it properly.
The stores that start accepting bitcoins depend on the regulations of their respective countries. Most of those who have adopted bitcoin are from countries that fully accept bitcoin. But some developing countries only allow bitcoin and other cryptocurrencies only as commodity tools and may not go beyond that.

KennyR

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Small steps taken forward by businesses run by people like and you and me will help much in the real-time usage of bitcoin. While making a bitcoin accepted sign it is also good to add how things work with bitcoin in a step by step guide. Maybe that'll avoid you briefing the process involved during the transaction to customers who prefer to know about it. From that we can understand how much is people interested into it, because only the people who willing to use it further request the help from you to know better about it.

Casdinyard

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I think any method in which bitcoin is used as a means to transact is a good enough way to promote its usage to the general public. Although I think it would suffice if steps on how to create bitcoin wallets as well as funding them to let the ones who are not that savvy with bitcoin know. Cause in my opinion it would only cater towards those who already have bitcoin in their pockets. I think a huge signage or a poster on your store where you let people know you accept bitcoin payments could be good too.

Quote from: famososMuertos on January 16, 2023, 05:05:49 PM

Confidence...!

There is no formula to promote, just believe and trust, put the notice in your business, that in itself is enough.

We always see this request that you make on the merchant's side but rarely have I seen the story of someone walking into a business and saying "when are you going to accept bitcoin".

OP. Another context same story "hit" and "acclaimed" 1000 times on this board

This is good. that actually makes sense.

Quote from: The Cryptovator on January 16, 2023, 03:39:20 PM

If Bitcoin is legal in your country, this is a wonderful way to promote it. You can write something like "Bitcoin accepted here, pay in Bitcoin get 10% discount". Those who acknowledge Bitcoin will pay you in Bitcoin. Those who are unfamiliar with Bitcoin will be inspired by it. If this is the case, they may inquire about Bitcoin and conduct their own Google search. This indicates that you are directly adapting Bitcoin. On the other hand, it will assist in the expansion of your business. People will talk about you accepting Bitcoin and spread the word. As a result, you may gain more customers.

Exactly, discounts on bitcoin payments could work too so people are urged to use bitcoin as a payment option, and a good way to entice those who are not using bitcoin as well. Pair this with a good infographic on how to create bitcoin wallets as well as how to fund them, and your target demographic is set!

Ebede

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I think that the best way of promoting Bitcoin is by investing in Bitcoin and the ocean shall the awareness of bitcoin to other people because I couldn't remember how it got viral through the process of letting people surrounding you or around you to know the importance of Bitcoin

famososMuertos

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Confidence...!

There is no formula to promote, just believe and trust, put the notice in your business, that in itself is enough.

We always see this request that you make on the merchant's side but rarely have I seen the story of someone walking into a business and saying "when are you going to accept bitcoin".

OP. Another context same story "hit" and "acclaimed" 1000 times on this board

serjent05

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Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

What do you think?

I think accepting Bitcoin is a good way to promote both Bitcoin and your store because

You can attract customers who are interested in using cryptocurrency for purchases.
You can also attract customers who wanted to venture a different method of payment.
It is also possible for your business to open globally or access international customers because Bitcoin is a p2p payment system that knows no boundaries.
It is also a good way to raise awareness about Bitcoin people will possibley become interested on Bitcoin whenever they see the banner of your store stating that it is accepting Bitcoin

South Park

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Quote from: Crypt0Gore on January 16, 2023, 08:43:39 AM

Quote from: bitzizzix on January 16, 2023, 03:58:32 AM

It depends on where you live and whether there are a lot of bitcoin users in your area, or you can promote your trade through social media or where you trade with flyers so you can accept bitcoin payments.
and if your business always has a lot of people coming to buy i think there is nothing wrong with you doing that and i think now everyone knows what bitcoin is and what bitcoin is used for. And the advantage you get if you accept bitcoin as payment is, when the bitcoin price goes up, your previous profit will double according to the bitcoin price.
and I suggest you keep it for the long term, and if there is something to buy for your business, put it on fiat and let your bitcoin work and grow.
and ignore those who think bitcoin is a fraud because there are still many people who believe in it.

There is not much Bitcoin users in my area but I think idea will bring up some curiosity, there are smart students around my area for example and I believe they could develop some interest .

As for my business, I am thinking of an attractive offer that can make them want to buy Bitcoin and use Bitcoin to buy from me then this will even prompt them to look more into what Bitcoin is.

It is not rare for businesses to offer a discount if a particular form of payment is used, so if you can afford it you could offer a small discount for those which buy your products with bitcoin, for those which have no idea what bitcoin is this is going to be more than enough to cause them to look information on the internet about bitcoin or they could ask you directly, because at the end of the day who does not like the idea of enjoying a small discount if you are a frequent customer at a specific store? Now many will decide bitcoin is not for them but still every single effort done to promote bitcoin adds up.

Leviathan.007

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Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

What is bitcoin?

What benefits come from using it as payment?

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam. What do you think?

I think you can have a test phase with your wife regarding accepting bitcoin for your store and surely before even testing it you need to have enough information about bitcoin and the bitcoin transaction yo use for your store. You can also use some pre-made bitcoin payment systems but all these methods need to bed tested by yourself to make sure if its suits you.
Also if you want to promote bitcoin you can give a simple paper with your products and in that paper, you can give some keywords about bitcoin to make people interested in it.

Newlifebtc

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Quote from: noorman0 on January 16, 2023, 07:02:46 AM

Of course it is good to raise awareness of others about bitcoin on the sidelines of business, and again it's up to your environment and availability particularly time to teach customers some basic lessons. And you need to know, new people are usually more skeptical of financial matters. Here you are required to explain to them more carefully, maybe you will get some opposition from them fiat fanatics.

I think that in Bitcoin education YG teck the process of slow to impart knowledge of bitcoin to another person so many people find it very difficult to understand they measure with context to move further but will this point I believe that bitcoins have a long way to understand if you follow the normal process of it so teaching people Bitcoin or involving Bitcoin in your business is another room to advertise the product or bitcoin or to make bitcoin to be aware of your people

TimeTeller

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Quote from: Bananington on January 16, 2023, 03:49:55 PM

Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

What do you think?

A big wine store means a single sale can be a huge amount of money on a good day and also means that there will be a lot customers to your store because people like different categories of drinks. Introducing bitcoins to your customers for payment is a great idea. The benefit to you is that it can reduce the stress with going to banks and help you avoid any third party challenges. The benefit to your customers is that it will introduce another payment option to them. It is a good way to promote bitcoin.

And it is not a new idea. We have seen in this forum alone, some shop owners are really trying to include btc in their payment method.
Even small shop is getting their hands on it. If the OP is already a crypto user, it won't be difficult for him to implement such idea.
He can even educate some of his willing customers on how to get a hold of btc and use it for payment.

To the OP, you can start this anytime and see what interest you will get from your community. There's no harm done in trying.
Also, make sure that when you offer your btc address, your wallet where you generate your address is not prone to possible hacking.
I read recently that one of the BMs here in the forum seemed to be hacked using his electrum wallet as hot wallet.

Bananington

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Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

What do you think?

A big wine store means a single sale can be a huge amount of money on a good day and also means that there will be a lot customers to your store because people like different categories of drinks. Introducing bitcoins to your customers for payment is a great idea. The benefit to you is that it can reduce the stress with going to banks and help you avoid any third party challenges. The benefit to your customers is that it will introduce another payment option to them. It is a good way to promote bitcoin.

Newlifebtc

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Quote from: headingnorth on January 16, 2023, 03:52:51 AM

That seems like a great idea. People who buy wine tend to have more money to spend on investments, and tend to be more educated which means they are more open to learning about something like bitcoin and using it.

For my understanding I believe that there is no idea that is not good but in some extent what somebody have to do I do with money the person have to take a proper care and the understanding before doing anything that you not regret concerning bitcoin. Investment with bitcoin is quite alright but aspect of investment risk must be taken

The Cryptovator

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If Bitcoin is legal in your country, this is a wonderful way to promote it. You can write something like "Bitcoin accepted here, pay in Bitcoin get 10% discount". Those who acknowledge Bitcoin will pay you in Bitcoin. Those who are unfamiliar with Bitcoin will be inspired by it. If this is the case, they may inquire about Bitcoin and conduct their own Google search. This indicates that you are directly adapting Bitcoin. On the other hand, it will assist in the expansion of your business. People will talk about you accepting Bitcoin and spread the word. As a result, you may gain more customers.

Desmong

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Of you are planing to promote Bitcoin with what you sell so that people can always come and buy from you with the hope if using Bitcoin as a payment then that's is fine. Is is good to promote Bitcoin I'm any place you are so that people around you can learn and get to know about what Bitcoin is all about. That is a good move for the community and Bitcoin to grow to other regions.

justdimin

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Quote from: danadc on January 16, 2023, 01:09:19 PM

I think that you do very well in accepting bitcoin, because it is the money of the future, you have to see that all the benefits that bitcoin gives are many, it is a very good way of having a secure payment, and if the merchant wants to have that money in savings can increase greatly when bitcoin increases, bitoin's tendency is always to rise in price, in the short term things can become very confusing but understanding well what can be achieved is very large, it should be taken as The best way to have profitability up to a lifetime, because if you manage to have 1 bitcoin it is enough to live a life full of luxuries.

It's true, bitcoin is not even the money of the future anymore, it's literally money of todays world. I understand that fiat is still used a lot more that's true, but who invests into something that is considering such situations in the long run?

I have to say that it is not going to be any different in the future, bitcoin is the most invested money of all time; yeah all I am saying is that it is the most invested money of all time. That's why it's going to stay that way, nothing that you could spend and invest into at the same time could be this big, it's really insanely well designed.

decodx

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Accepting Bitcoin as a payment option for your store could be a great way to attract customers who prefer using cryptocurrency as a form of payment, while also promoting the use of Bitcoin and other cryptocurrencies in your community. The popularity of cryptocurrencies is growing, and many people are looking for ways to use them as payment methods. Not only does it provide more options for your customers, but it also gives you access to a wider base of potential buyers. It's an opportunity for you to stand out and offer a unique service to your customers.

RockBell

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The promotion of bitcoin is not a bad idea at all, but would people want to spend their bitcoin now considering the state of the market I personally would not want to make that decision of spending my bitcoin. The good news is that the information will spread through customers visiting your store and if questions are raised you should also inform them of the risk involved in the investment.

GideonGono

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Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

There are so many business owners who are doing it even if it is just a small business it is still for publicity and people around you would be aware of it.

Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

Curiosity could always work that is how some of us got into crypto honestly it is also part of the reason why I got into it.

Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

What is bitcoin?

Whenever I got that question I would just tell them that it is a cryptocurrency a digital money that has been created to give us financial freedom and anonymity.

Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

What benefits come from using it as payment?

Cashless transaction other than that it would really depends on the seller some gives out discount for using crypto as a payment on their business.

Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam. What do you think?

It has been that way ever since the beginning there are always some people who thinks that it is a scam, even some of my relatives thinks that it was a scam when I first introduce it to them, they were thinking that who on earth would buy a single piece of coin with that much value.
They just need to understand and we just need to explain it much more or detailed that is how I dealt with it.

danadc

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I think that you do very well in accepting bitcoin, because it is the money of the future, you have to see that all the benefits that bitcoin gives are many, it is a very good way of having a secure payment, and if the merchant wants to have that money in savings can increase greatly when bitcoin increases, bitoin's tendency is always to rise in price, in the short term things can become very confusing but understanding well what can be achieved is very large, it should be taken as The best way to have profitability up to a lifetime, because if you manage to have 1 bitcoin it is enough to live a life full of luxuries.

uneng

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Quote from: Crypt0Gore on January 16, 2023, 03:36:27 AM

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

You probably have seen a considerable number of threads from retail sellers on this forum section sharing their personal experiences when adopting Bitcoin as a payment method for their businesses, especially in Nigeria. So yes, it's a good a way to promote BTC to potential new adopters who have never heard about it before, or have heard, but have no clue on how to start dealing with the digital currency.

If you have spare time to teach and guide your customers, it's really a good idea. This way you will also be helping Bitcoin adoption to grow, consequently boosting BTC price even more.

Topic: A good way to promote Bitcoin or not? - page 3. (Read 663 times)