Do you have an idea to invest your bitcoin in offline business? - page 28.

bitbunnny

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Quote from: btcdiggingmaster on February 20, 2017, 05:20:11 AM

Right now bitcoin option are very less because many people are not still accepting bitcoin to any purchase any item for business. At the moment it is bad idea to setup a offline business with bitcoin, many people will not show any interest towards our business because in our local many people still don't know what is bitcoin and how we are going to benefit from it.

That is true, I live in similar community where many people still don't recognize Bitcoin.
But there is other solution, Bitcoin could be used as an investment to support some business that doesn't necessary accept bi as payment. Or maybe business owner could find Bitcoin loan to finance the business easier then fiat loan in banks.

btcdiggingmaster

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Right now bitcoin option are very less because many people are not still accepting bitcoin to any purchase any item for business. At the moment it is bad idea to setup a offline business with bitcoin, many people will not show any interest towards our business because in our local many people still don't know what is bitcoin and how we are going to benefit from it.

pinkflower

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First of all, I would like to say that theres a lot of funny posts in this thread. A lot of you dont have a clue of what you are saying as long as you can maintain your post output.

Quote from: bitcoinvestor on February 19, 2017, 01:41:43 AM

As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?

Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?

If you invest BTC in the industries you mentioned then you have to sell your coins for the currency of your country right? So you are actually investing in your currency's country and not in BTC.

If you want to do this for the reason of making BTC more popular then you are on another road of losing them. If you are a real businessman, you invest in something because you have studied it well and have projections that it will be profitable. Not because you want something to become popular.

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Quote from: ajaxmoor on February 19, 2017, 02:38:30 PM

Quote from: bitcoinvestor on February 19, 2017, 01:41:43 AM

As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?

Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?

How would invest bitcoin directly if most of the people don't accept them ? Not really feasable unless its your own business. Bitcoin is used to invest in online opportunities and not offline because it can be converted to fiat if you want to invest offline. People don't buy or save bitcoins to invest offline. By now it is clear the government and banks won't let it be successful as an actual currency in the real world.

Indeed governent will surely not allow this for bitcoin to being used on offline business because they cant impose taxes on it which means they dont have tax returns and government doesnt really like that situation. If you are a investor of such business better consider the reputation of bitcoin onto your place.

ajaxmoor

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Quote from: bitcoinvestor on February 19, 2017, 01:41:43 AM

As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?

Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?

How would invest bitcoin directly if most of the people don't accept them ? Not really feasable unless its your own business. Bitcoin is used to invest in online opportunities and not offline because it can be converted to fiat if you want to invest offline. People don't buy or save bitcoins to invest offline. By now it is clear the government and banks won't let it be successful as an actual currency in the real world.

Kemarit

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Quote from: bitcoinvestor on February 19, 2017, 09:29:13 AM

Quote from: Kemarit on February 19, 2017, 02:47:35 AM

Yes, actually I use my bitcoins earning to put more funds on my business.
Its a convenient store actually, I don't have enough bitcoins right now,
but I'm planning to put more funds on my struggling agricultural farm.
I needed at least 4-5 btc on my farm. Although my brother is taking
care of it as of the moment, because I somewhat lease my farm to
him, I still want to manage it myself. Maybe If I can save enough
then I will put it all in there. But so far, only my convenient store is
being funded or added funds coming from by bitcoin earnings.

Quote

Cool, Have you ever thought to get crowd funding from bitcoin community to run and grow your business. Many bitcoiners are brave enough to invest even in PONZI scheme. I think bitcoiners will rush to stable and profitable offline business to invest.

Nah. I'm just happy for now that I can get a continuous cash flow coming from
my bitcoins and going to my offline business. And my off-line business is already
taking much of my time. I think if I'm going crowd funding from our community
I can't focus on my other priorities in life. So right now I'm just satisfied on how
my offline business is doing. But again, as I have said, if I'm able to save enough
from my off-line business and bitcoin earnings, I will go and put everything in my
agricultural farm. It was very profitable actually (farm), until I lost my job a few
years ago that's why I was forced to let my brother took over from me for the
meantime.

Gotottack

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I would invest my bitcoins in an offline or real world kind of business. The only problem I see is that bitcoin is still not well known and that when investing it in the real world no one will accept it yet. So probably if you intend to do this, you have to convert your bitcoins to fiat first so that you can buy what you need for the investment.

ethereumhunter

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of course i will, i want to help tourism industry by build a hotel or resort so tourist can stay at my hotel for holiday. i will add bitcoin ATM machine in my hotel so customer can using bitcoin to make payment. i will also make invest for agricultural to help farmer to make new innovation and help them to increase their revenue.

bitcoinvestor

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Quote from: Kemarit on February 19, 2017, 02:47:35 AM

Yes, actually I use my bitcoins earning to put more funds on my business.
Its a convenient store actually, I don't have enough bitcoins right now,
but I'm planning to put more funds on my struggling agricultural farm.
I needed at least 4-5 btc on my farm. Although my brother is taking
care of it as of the moment, because I somewhat lease my farm to
him, I still want to manage it myself. Maybe If I can save enough
then I will put it all in there. But so far, only my convenient store is
being funded or added funds coming from by bitcoin earnings.

Quote

Cool, Have you ever thought to get crowd funding from bitcoin community to run and grow your business. Many bitcoiners are brave enough to invest even in PONZI scheme. I think bitcoiners will rush to stable and profitable offline business to invest.

thebatletbet

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if you wan offline business is much idea
you want big business or low business, still bitcoin business or outside bitcoin business
if low business and outside bitcoin business , you can try internet rent, photocopy if you location near campus, top up in smartphone, internet quota , restaurant and more

if you have much bitcoin you can open big business

Kemarit

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Yes, actually I use my bitcoins earning to put more funds on my business.
Its a convenient store actually, I don't have enough bitcoins right now,
but I'm planning to put more funds on my struggling agricultural farm.
I needed at least 4-5 btc on my farm. Although my brother is taking
care of it as of the moment, because I somewhat lease my farm to
him, I still want to manage it myself. Maybe If I can save enough
then I will put it all in there. But so far, only my convenient store is
being funded or added funds coming from by bitcoin earnings.

bitcoinvestor

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As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?

Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?

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