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Topic: Accepting Bitcoin - page 7. (Read 783 times)

hero member
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Bitcoin Casino Est. 2013
July 06, 2023, 11:55:20 AM
#4
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I would appreciate any advice on this my move

First of, dragging your or trying to convince your mum to accept something she knows nothing about as a payment option is not advisable, you should start by educating her about Bitcoin and see if she'll be interested in it or not.

Scond, all you need to invest in Bitcoin is your money --> Bitcoin Wallet (I guess you know the right type judging from your last thread) --> an exchange (preferably Dex) to purchase your Bitcoin from.

As for the currency value, I guess you're not from a country that uses USD as it's official currency that's why the whole amount seems like a big amount to you, I can't really tell the country you're in since you've never made any post in your local board but you should try to start with a little amount, after all the first rule of investment is to "always invest what you can afford to lose".

TL:DR. Don't persuade your mum to use something she knows nothing about, let her continue using her normal Fiat, if she's interested in Bitcoin she can buy some and hodl. --> Always invest money you can afford to lose, that's basically everything you need.
hero member
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July 06, 2023, 11:53:10 AM
#3
and the government is not in much support
What does "not much support" mean, prohibit?

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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?

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i Also intend on hodling those Bitcoins
Well, good luck.

In the next post, try practicing using punctuation.
hero member
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Nothing lasts forever
July 06, 2023, 11:52:07 AM
#2
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 when you say its not easy to buy bitcoin because of currency value ?
It doesn't matter what is the currency value unless you are from Venezuela.
If there are people interested to buy/sell bitcoins then you can surely buy some BTC for yourself.

As far as accepting bitcoin for your mom's tailoring shop then make sure you don't get in trouble because bitcoin is not a legal tender yet in most places.
So you can't accept it as a payment method officially and I won't recommend doing things illegally.
sr. member
Activity: 448
Merit: 560
Crypto Casino and Sportsbook
July 06, 2023, 11:41:32 AM
#1
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

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