Topic: Accumulating Bitcoin with ease - page 2. (Read 317 times)

It is completely unclear to me why I should provide a discount or pay for the cost of transactions and thus incur financial losses, just so that my services are paid for with Bitcoin? It is much easier to get a full payment in fiat, after which a certain part of these funds is spent on the purchase of Bitcoin.

I am not doubting what you have stated OP, but you should know that for people to accept or adopt bitcoin is not by force and no matter the strategy that you come out with, it is the peoples choice to say if they will use bitcoin for their payment or not, even with the discount price.

From my own understanding, the best way to accumulate bitcoin with ease, is for you to use DCA method, where a certain portion of your will be used to buy bitcoin weekly, or monthly regularly. If you don't have a means of income then it is better that person look for one, to enable him use part of his money to buy bitcoin. OP, what you are dayng are ways to promote bitcoin and not ways to accumulate bitcoin because there are some countries that bitcoin is banned, how to you render your service in such place and get paid with bitcoin. You can use p2p method to DCA through exchanges, even though bitcoin is banned in that country.

For a starter, it will never be easy. If one is setting up a service, selling goods or applying for jobs.  Getting hired or getting the first client or customer is the hardest part.  Since the service or the store is new, there is no reputation built yet so people will hesitate to use our service or buy from our store.  We need to build reputation on these so that we can have peoples trust  our service and products. @OP have you tried the list you stated to say that it is easy to accumulate Bitcoin with these approach?

But obviously if we had established reputation then it will be easy since clients and customers will come easily.

I am not particularly sure about it being a dream per se, i just think that there are too many people who erroneously think Bitcoin is a get rich quick scheme, and that's why they want to hold it, not because they value or understand what Bitcoin was created for.
Giving discounts isn't a bad idea imo, but only if it is sustainable for the growth of the business. The discount could last for prolly a few months after you start accepting Bitcoin, after which it should be discontinued.
This is indeed correct, but i think OP is talking about micro/little payments that's usually done when making purchases in a small store or paying for a cheap service, if transaction fee rate is high it could be a problem to use Bitcoin for such payments.

This can only work in society where bitcoin is legalized either as a legal tender or not restricted for use in any form by the authority. And more so, it's just those that have already known much about btc would be willing to pay in bitcoin.

How long do you intend giving this discount? Because if you have to employ this measure and stop within a short time it will seem like it was a deceptive plot to indirectly force people to use bitcoin and there's a likelihood they may go back to fiat immediately the discount ends because that's what brought them in and not the knowledge of benefits about bitcoin prior to the discount service.

Your idea is not bad at but not  necessary at this stage of bitcoin except for those that are ready to go through the trouble.

How is it difficult when you can invest as low as 10 dollars on bitcoin and hold as well, it gives everyone an equal opportunity to have access to investing in it for those who will be interested in doing so, bitcoin holder are the only recognized asset owners or digital currency investors, others are risk bearers as believed by some.


If you think you want to have bitcoin and don't have a means then try to get yourself a job that pays in bitcoin and earn it, you don't have to have Fiat only before you can exchange or own your bitcoin.

That's weird! You can easily transfer $1 Million worth of Bitcoins for less than a couple of dollars, but you can't achieve something similar while using the traditional methods to transfer such amounts!

With most of them, Bitcoin is not their dream but altcoins. They more fall in love with altcoins which can help them to gain x10, x100 or x1000 easily. They hope to get rich quickly and see more chances with altcoins. With Bitcoin, they feel profit is low and requires too long waiting time.

You focus on Bitcoin that is a good start and Dollar Cost Averaging can help you to invest and accumulate bitcoin with ease.
https://dcabtc.com/

I don't need to confuse anyone to pay me in Bitcoin because not everyone have Bitcoin in their wallet, not everyone cares having Bitcoin in my country, and those that do want to hold their Bitcoin for long term, they treasure it more than spending it like money.

As per your point, if I have a specialty or a skill then that's more than enough for me to start accumulating Bitcoin, I won't mind getting paid in Fiat/Paper money, I will just have to use the money to purchase Bitcoin, Viola! I am now a Bitcoin holder.

To all readers out there, you don't have to work for someone and except them to pay you in Bitcoin before you start holding some Bitcoin, if you have no job, go out and learn a skill then start using some percentage of the money you make to accumulate Bitcoin.

I am a fashion designer and I use to accept Bitcoin as payment, but not all my customers like paying me with Bitcoin, only very few numbers of people do, like four to five of them, and they are also investors, they prefer to hold and there are times they said I will have to get paid in Fiat for now, still I don't let this stop me from my DCA ( Dollar Cost Averaging ) every week, I can get paid in Fiat, no problem, but I will just visit Binance exchange and swap my Fiat to Bitcoin.

what I understand from all these, using this method to accumulate Bitcoin, will incure you will a lot of loss. Using Bitcoin as a means of payment, shouldn't be far different from using other payment method. It is just an alternative means that should be added to your payment system. If a customer decides to use it, then it's up to them. I don't see any reason why you should do many discount.Just as @ _act_ has said, they aren't necessary it will only run you at a loss.

Why? Not necessary. If someone is capable of giving discounts, they can go for it, but it is not needed because we do not need to force bitcoin adoption in a way to let people make less profit or no profit, bitcoin is attracting the people even without anything like discounts. Not everyone can be able to give discounts.

Why? Not necessary.

Why? Not also necessary.

Yes bitcoin is worth holding for future but that does not means you should not please yourself because bitcoin does not need all these things that you mentioned before there will be adoption. Remember that bitcoin still increase in marketcap even when people do not know about it like this time.

Bitcoin is a dream to hold for every crypto hodler. This may look difficult for a poor or an average man with low income especially in an economic situation where most people find it difficult to feed themselves very well on regular basis. What is the way out here? Before telling you the way out, I will like to ask you the following questions:

🗝️🗝️ Do you offer a service?🗝️🗝️
🗝️🗝️ Do you have something you are good at?🗝️🗝️
🗝️🗝️ Do you sell a product?🗝️🗝️

If your answer to either of the above question is YES, then you can easily accumulate Bitcoin with ease. Remember, alot of people are out there that are ready to pay for that your service or buy that your products with part of the Bitcoin they hold. All what they need is little encourage from you. Although this may involve some sacrifice from you. How can you encourage such people to pay for your service or buy your product with Bitcoin:

👉👉 By giving a discount on service render or purchase made with BTC.
Comparing with Fiat payment, little discount may be giving to any product or service render that will be paid with BTC. Just 1% discount can make some customers change their mind from Fiat payment to BTC.

👉👉 Accepting to pay part or all of the transaction charges especially if products purchased comes with good profit.
BTC transaction charges most times may scare customers away from paying with BTC. If service rendered or goods purchased come with good profit, one may decide to pay the transaction charges in other to encourage his/her customers to make payment in BTC.

👉👉 Giving incentives to customers for service render or products purchased with BTC especially if good profit are made from the service render or products purchased.
Little incentives like BTC customized biro, books, handband etc can do alot to attract customers. Remember this customized items can attract them to pay in BTC at the same time help to publicize BTC more in your community.


CONCLUSION
BTC is a coin worth holding for the future. Creating a means to accumulate it is more than sacrificing for the betterment of ones future. Although the above sacrifice may not look easy now but will definitely pay in multiple folds in future.