Topic: Bitcoin investment is kind (Read 784 times)

Don't expect fees to go down any time soon. If prices continue to go up, it's almost guaranteed that people will be transacting more and more. You're likely going to end up accepting BTC payments for wholesale orders.

It is great news that you are opening an auto parts store. But you would definitely be wrong if you want to buy and sell only with Bitcoin without any other fiat money system. Because small merchants will often charge you a fee when paying with Bitcoin. Bitcoin fees are highly volatile. Sometimes the fee level is so high that it is not possible to make small payments with the fee.

Probably many people has invested in bitcoin and they got profit and some also got loss for the investment, also some people have converted their business payment with bitcoin instead of making payment with fiat currency but nevertheless you can not decide to follow a steps of someone who benefited with bitcoin and open a shops and demand payment with bitcoin,

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

Probably many people has invested in bitcoin and they got profit and some also got loss for the investment, also some people have converted their business payment with bitcoin instead of making payment with fiat currency but nevertheless you can not decide to follow a steps of someone who benefited with bitcoin and open a shops and demand payment with bitcoin,

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

Probably many people has invested in bitcoin and they got profit and some also got loss for the investment, also some people have converted their business payment with bitcoin instead of making payment with fiat currency but nevertheless you can not decide to follow a steps of someone who benefited with bitcoin and open a shops and demand payment with bitcoin,

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

For some folks, it's a dream investment, a ticket to riches beyond belief. Others see it as a risky rollercoaster, best avoided. Both sides have a point. If you're already invested, congrats! You're riding the wave, and it can be a thrill. But remember, it's still a wild ride, so hold on tight and keep your eyes peeled for danger. If you're new, take it slow. Do your research, understand the risks, and don't just jump in because everyone else is. It's not for everyone, and that's okay.

As for accepting Bitcoin in your business, it's like opening your doors to a whole new world of customers, but it comes with its own set of challenges. Transaction fees, scams, and changing rules are just some of the hurdles to jump. So, is it good or bad? It depends! Just like the horse, Bitcoin can be a powerful tool, but only if you handle it with respect and caution. Remember, there's no "right" answer to whether Bitcoin is good or bad. It's all about your perspective and your willingness to take risks. So, keep learning, keep questioning, and make the choice that's right for you.

I don't see any possibility of people going out of business with Bitcoin. Since you want to accept Bitcoin as money, you will definitely benefit if you are careful about gas fees. I support this auto parts store of yours, you have taken a great step that will set you up for even greater growth in the future. But with proper patience you will be strong with your business bitcoin trading and you will be able to make yourself known as a successful trader.

Probably many people has invested in bitcoin and they got profit and some also got loss for the investment, also some people have converted their business payment with bitcoin instead of making payment with fiat currency but nevertheless you can not decide to follow a steps of someone who benefited with bitcoin and open a shops and demand payment with bitcoin,

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

Don't expect fees to go down any time soon. If prices continue to go up, it's almost guaranteed that people will be transacting more and more. You're likely going to end up accepting BTC payments for wholesale orders.

If that is only a payment option, that won't bother you too much and the business continue. We can't still expect nor do we know how long the fees remain high but putting on the situation with OP, I would still pursue the plan and open the shop as scheduled. It was just an option for the clients if they used Bitcoin or fiat money as it was still accepted.

But having on the current situation of the market fees, that hold people from using it, $2-5 is huge enough to pay for a service.

Yes I agree with your decision. But one thing that bothers me is that January 16th is very close. Will the traffic be reduced in such a short time? There are fears about this. You're going to increase usage by reducing customer transaction fees. But the market is not always the same. You should be aware that the price of any product is not stable.

Wow, that's great, buddy. Everyone will want to follow your lead because you have a well-thought-out plan and demonstrate that in addition to conducting business, you will also find a way to make your company better. Taking bitcoin as payment in your business is also a smart move because, should you decide to invest in bitcoin, you won't have to go back and buy it; as long as your country permits it, you are free to do so. Furthermore, even though you are aware that the price of bitcoin can fluctuate at any time, you shouldn't panic and, in my opinion, you will make a significant profit.

I think that soon all countries will accept bitcoin because I have seen some that I had thought would not allow it, but have now decided to do so. If bitcoin is accepted everywhere, even investors and those who are unaware of it will be inclined to invest in it, making bitcoin one of the best investments available anywhere in the world in the near future.

Good luck with your car business. Accepting Bitcoin for your business is a good idea, as long as you have done your homework and you're very sure that it is a good payment method to consider, then you should go with it.

Yeah high fees truly hinders our plans on using Bitcoin as payment method that is why some businesses are hesitant to accept Bitcoin payment. I think the best thing to do right now is wait for the opportunity.

I have ever known Bitcoin as one of the best investment means of the 21st century and has helped further in cross-border payments and even intradealers' arrangements that are making payment settlements easy for people. I have seen people giving the best testimonies of it and the transaction fee is still low even with this congestion compared to other means of old payments like the use of Western Union and Bank wire transfer and others. This makes me appreciate Bitcoin so much as there is nothing you can use fiat to do that it will not do or at least try to do.

About your plan, well, it is a very good one, and I hope one day too, I can move further in my usage of Bitcoin and create a business around it. But be sure that you understand the nitty-gritty of what you are about to do, you must know the feasibility of your customer accepting it, the risk involved due to the volatility of Bitcoin and the best gateway you use for it so that it will not be a discouragement for your customer's and intending ones.

Above all, for now, Bitcoin's new network is not just encouraging and businesses are moving away from it (for transactions, and not investments). Many companies mailed me late last year about their low preference for Bitcoin transactions due to how the fees are high and their customers are complaining. So if reputable companies that have used Bitcoin for over a decade could be complaining now, you might want to think through accepting it at this time for the sake of the businesses and that of your customers. This, of course, unless they can be using intra-payment options with the same exchange as yours that charges no fee.