Accepting Bitcoin - page 5. | Bitcointalksearch.org

Stalker22

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I intend on explaining it to her first then if she agrees I will pay for the Bitcoins she gets from customers

But in your first post, you mentioned that "Bitcoin investments in your country are not easy due to your currency value, and the government is not very supportive." So, if investing in Bitcoin is challenging in your country, how do you intend to buy bitcoins from your mother? Moreover, if your country does not support Bitcoin, it is unlikely that it's even legal for your mother to accept bitcoins as payment for her services.

If you have the funds, my suggestion would be to purchase BTC directly from a seller. It is best to respect your mother's wishes and not involve her in this service if she is not comfortable with it.

romero121

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Accepting bitcoin into business is always a right choice, but it needs to happen in one's own business. In my understanding the mom should be taught about bitcoin, and then it is her own interest that needs to make her accept bitcoin. Getting into his mom's business is not good choice. OP could learn and develop something and offer services in exchange for bitcoin. Already there were good number of services offered by people in exchange for bitcoin. Even there is a thread in which a person from Nigeria that have been accepting bitcoin into her tailoring service.

lalabotax

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

Do you mean that your country does not allow the use of Bitcoin as a currency or means of payment? If it's not allowed, in this case it's illegal, isn't it risky for your mother's tailor business if you openly accept Bitcoin as a currency? And what about the environment in your area, do many people know and use Bitcoin? Indeed, the desire to introduce Bitcoin to more and more people is a very good thing, we are very supportive. But keep it in portion and not push too much. But if indeed this is possible and will not be a problem for you and your mother's next business, then continue and be patient until more and more people know and use Bitcoin.

then for the problem of holding Bitcoin, this can be done anywhere and anytime so there won't be a problem in my opinion.

TimeTeller

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Quote from: Mr.suevie on July 06, 2023, 04:28:15 PM

Quote from: jeraldskie11 on July 06, 2023, 04:13:01 PM

I really admire those people who accepts Bitcoin payments. We know that it's a little bit hard to convinced people to pay using Bitcoin because most of them didn't know about this. So the best idea in order to make customers pay Bitcoin is to teach them about it, how to pay and how it benefits them. I know it's hard at first but trust me all your hard work will pay off in the future.

The problem in some places is not actually the will to accepting bitcoin in your business but the major factor would be, are they bitcoin enthusiasts around in your locality that are willing to pay for services or business with their bitcoin knowing fully well that it is even prohibited by some government. But indeed having a business that accept bitcoin is a plus one to anyone who actually knows the full value of bitcoin.

There's no harm done if they will try to accept bitcoin in their tailoring shop.
But the OP should check out the legality of the use of btc in their country.
If they have no sanctions towards the use of btc, that's fine, and there's no punishment regarding the use of crypto.

CryptSafe

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Quote from: The Cryptovator on July 06, 2023, 03:18:12 PM

If you plan to accept Bitcoin as a form of payment in a physical store, it indicates that your government permits the use of Bitcoin in your country. Without such approval, accepting Bitcoin as a payment method would be extremely challenging. It is crucial to adhere to government regulations to prevent any potential issues. Nonetheless, embracing and holding Bitcoin is a commendable step forward. It would be beneficial to assist your mother in understanding Bitcoin, enabling her to manage payments seamlessly.

As OP said that their government frowns at Crypto which means that there is a possible ban or restrictions on Crypto placed by the government in their country and at such, they should apply caution if they should make bitcoin a payment option because if the government should get rid of it, it might cost them alot but if OP insist on accepting bitcoin, then p2p would be the best option and should be done quietly.

Yatsan

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

To be clear, is it restricted to use in your country or is it jist that governments are not supporting its isage by means of advertisement and such? 'coz if it is just neutral then you're good to buy and hold it. And also, it would be better for you to make your own way to saave money than to push your mother to invest. First of all, it depends whether your parents are even aware of whaat Bitcoin is; not only awareness but also be knowledgeable of it in order for them to understand the advantage of doing so. Next is with business, ofcourse we would like this currency to be used as a mode of payment but if it would not be causing profit (volatile market price) from doing so, then you should understand it as well if your mother would refuse. A shop needs money for it to revolve in the business and it won't be easy if its funds will just be put in another investment.

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

I still don't get why you want to convince your mother that is a tailor to invest in Bitcoin when you yourself does not have concrete understand about Bitcoin or it folks. You don't need to impress us or don't things that will make you look silly as a member of this community. You don't need to convince the innocent woman doing a work to earn money to pay her bills and face life challenges. The question is that must you force it convince her to invest in Bitcoin?

Can't you hustle your fund and use it to invest in Bitcoin since you are the one bringing the idea to her and the family to take a look on investing in Bitcoin. Ha e you ever asked yourself what if she invested and the falls drastically, what are you going to tell her?

blackened515

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Quote from: The Cryptovator on July 06, 2023, 03:18:12 PM

If you plan to accept Bitcoin as a form of payment in a physical store, it indicates that your government permits the use of Bitcoin in your country. Without such approval, accepting Bitcoin as a payment method would be extremely challenging. It is crucial to adhere to government regulations to prevent any potential issues. Nonetheless, embracing and holding Bitcoin is a commendable step forward. It would be beneficial to assist your mother in understanding Bitcoin, enabling her to manage payments seamlessly.

Mothers are the best gift of nature, if I happen to be in OP's shoes, I will do everything humanly possible to provide for her needs and wants to the best of ability. Buying bitcoin in countries where there's presence of strong prohibitions, we tend to face challenges in bagging bitcoin, however there's always a way out. Bitcoin is a top coin that ought to be used in developing and develop countries. Although some of these government issues restricted laws on the project because feared that it might surpassed their fiat currency.

Mr.suevie

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Quote from: jeraldskie11 on July 06, 2023, 04:13:01 PM

I really admire those people who accepts Bitcoin payments. We know that it's a little bit hard to convinced people to pay using Bitcoin because most of them didn't know about this. So the best idea in order to make customers pay Bitcoin is to teach them about it, how to pay and how it benefits them. I know it's hard at first but trust me all your hard work will pay off in the future.

The problem in some places is not actually the will to accepting bitcoin in your business but the major factor would be, are they bitcoin enthusiasts around in your locality that are willing to pay for services or business with their bitcoin knowing fully well that it is even prohibited by some government. But indeed having a business that accept bitcoin is a plus one to anyone who actually knows the full value of bitcoin.

jeraldskie11

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I really admire those people who accepts Bitcoin payments. We know that it's a little bit hard to convinced people to pay using Bitcoin because most of them didn't know about this. So the best idea in order to make customers pay Bitcoin is to teach them about it, how to pay and how it benefits them. I know it's hard at first but trust me all your hard work will pay off in the future.

The Cryptovator

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If you plan to accept Bitcoin as a form of payment in a physical store, it indicates that your government permits the use of Bitcoin in your country. Without such approval, accepting Bitcoin as a payment method would be extremely challenging. It is crucial to adhere to government regulations to prevent any potential issues. Nonetheless, embracing and holding Bitcoin is a commendable step forward. It would be beneficial to assist your mother in understanding Bitcoin, enabling her to manage payments seamlessly.

Pokapoka124

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

If bitcoin is not accepted in your country, then it’s definitely not a good idea to start accepting bitcoin as means of payment in your business. If bitcoin is legal in your country, you should also consider how popular it is in your community and how receptive people will be of the idea of bitcoin payment.
Instead of convincing another person to accept bitcoin, you should start buying bitcoins for yourself in little fractions. Don’t fall into the trap of thinking the price is too high, it’s not a must to buy a whole bitcoin, you should buy only what you can afford.

MiF

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

It is very simple to buy bitcoin why you say its not easy to invest in bitcoin, i think you are in a country that is not very much rich and you mean to say that you need a big amount of money in your curency to invest in bitcoin, your idea is good that you will accept btc on your tailoring shop and hold it the problem there is how long you can hold it bitcoin is high on volatility.

salad daging

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If you want to invest then do it yourself don't drag your parents especially if they don't understand of course this will be even more difficult to give the basic lessons to them and why do you want to invest while your parents are involved?

Does your country ban bitcoin, so you say it's not easy? If that's the case then never force your parents' business to accept bitcoin because it will face the government if caught because it is clear bitcoin in the country is prohibited.

Let the tailor's business that you manage and accept fiat money, while you can by yourself buy bitcoin with P2P exchanges.

Aikidoka

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Why is it not easy to buy Bitcoin as a currency? Does it relate to the value of the currency? I don't understand that point and I hope you can explain it more. Could it be that the government doesn't allow people to buy crypto, or is there another reason?

If you want to convince your mom to accept Bitcoin in her shop, it's a great idea but you should also have a clear understanding of how to use Bitcoin, especially when it comes to its security. Make sure to explain all the details of how Bitcoin works to your mom so that you don't encounter any issues later on. Overall, conducting business using Bitcoin is a good idea, but do you think there are many customers in your country who use Bitcoin? and are they interested in using their Bitcoin?

sokani

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

What do you mean by saying Bitcoin investment in your country is not easy? Is it illegal? If it is then I don't think it's advisable to encourage your mom to accept Bitcoin as a means of payment in her local business, to avoid get getting into problems with the authorities. You also talked about wanting to buy Bitcoin, what's stopping you from making the bold step? Don't you think it would be wise for you to buy and hodl first before encouraging someone else to do same? Don't forget to enlighten her about the volatile nature of Bitcoin and how to keep it safe.

WatChe

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Quote from: Hamza2424 on July 06, 2023, 02:18:31 PM

A good initiative but I would like to say buddy don't force yourself and your Mother as well, because we know it's a risky market I know BTC is far more reliable but as you know if you need money and market dumps it can be troublesome for you and family. Still, currently, the market is in good motion so giving it a Try is not a bad idea. But you said you are interested in the Holding then I would strongly recommend you rather than putting those assets in a savings account BTC is a more valuable choice.

I think OP need to revisit his idea of accepting BTC as payment option since the government is not in favour of Bitcoin. There is nothing wrong in HODLing coin for long duration but since you are violating the law by accepting Bitcoin then anytime you can be in jail. Its not something surprising for me as there are many countries where Bitcoin is not allowed legally, so staying precautionary is best option. There are ways to grab Bitcoin even if its not allowed in your country like by participating in signature campaign on bitcointalk.

Hamza2424

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

A good initiative but I would like to say buddy don't force yourself and your Mother as well, because we know it's a risky market I know BTC is far more reliable but as you know if you need money and market dumps it can be troublesome for you and family. Still, currently, the market is in good motion so giving it a Try is not a bad idea. But you said you are interested in the Holding then I would strongly recommend you rather than putting those assets in a savings account BTC is a more valuable choice.

SmartCharpa

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Quote from: Mia Chloe on July 06, 2023, 11:41:32 AM

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

You can start investing in bitcoin with the smallest amount you have if you really want to. It doesn't matter how much money your country's currency is worth; Similar to my country, the government does not support bitcoin because it is illegal, a lot of investors nevertheless keep making investments. You can't let the government's rules prevent you from achieving your goals, so if you really want to invest in bitcoin, you can start with the smallest amount you have.

Do you believe it was a smart idea to convince your mum to convert her business to a cryptocurrency by having her functioning shop start accepting bitcoin? Does she know about bitcoin? If you really want to persuade her to embrace bitcoin, I think you still need to explain to her the risks involved because the majority of parents don't comprehend it or know its value.

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Quote from: rat03gopoh on July 06, 2023, 11:53:10 AM

Quote

am currently working on convincing my mom to accepting Bitcoin in her tailoring shop

What is the method, and who will prepare and organize the acceptance?

A Bitcoin wallet and printed QR code of the address is enough to organise this payment system however I won't really force others income to invest on something that I am interested in. And how can you hold the assets of someone even if it's your mom especially when the asset is highly volatile which will definitely not suitable for small scale level business or unless your mom has other income source and the tailoring income is just going to sit in the bank account.

Topic: Accepting Bitcoin - page 5. (Read 783 times)