Topic: Do you have an idea to invest your bitcoin in offline business? - page 6. (Read 33696 times)

But it is depending on your area. I am pretty sure that in Japan there must be some off line business who will be using bitcoin as currency. In fact Japan has accepted bitcoin as legal currency and now they must be promoting bitcoin and must be encouraging their people to use bitcoin even in their local shops. We have very good example from Brazil also. There in Brazil dozens of shops are accepting bitcoin for shopping in their centers. It is really too much encouraging that beside online shopping people have the opportunity to use bitcoin even in their local shops also.

It's far from possible to start an offline business with bitcoin and although there's a big marketplace now that has been built by many individuals. But with the "OFFLINE" one it's going to be a tough job for developers and innovators to apply bitcoin to those businesses, they have to make such programs that can allow people to do trades through offline but miners needed internet to confirm transaction so that's quite still a question.

Bitcoin is just so far from what we need in order for it to become worth implementing in an offline business. First off, bitcoin is only well-known in first world countries where the technology is far more advanced that those of third world countries. But, people in those places are so busy in their every day lives especially their work. They probably don't have the time to learn about bitcoin let alone buy some and find a merchant that accepts it. You are lucky if you found a bitcoin user near your area who's not a friend of yours whom you influenced to use bitcoin.

Obviously, there's not that much people in the third world country that knows about bitcoin. There's only limited places there that have a stable Internet connection. Some might not even afford Internet because according to my research, it's even a lot more expensive in third world countries. The scenario will be basically like you're selling something from the future that no one even understands yet and you're just there waiting. The only time that thing will finally be sold is when people finally adopt to that technology which is not in the near future.

In my own opinion, I think that it is not possible to start an offline business with a bitcoins involve because bitcoins is a digital currency and you need a third party app to transfer your bitcoins to another wallet.

It is all about investing your bitcoin offline and you can definitely withdraw in fiats and invest in something  you may have passion for.

For example, after I was able to have enough bitcoin and the value has increased, I took out some in fiat and invested in some few offline businesses related to commerce and I have been making so much and also buying bitcoin back. Looking to integrate bitcoin payment in my store very soon.

If you can make a business that accepted bitcoin, make sure that the country you been choose are high percentage of bitcoin users. Definitely until now they have no exact count of people who used bitcoin and other crypto currency. Maybe it's a good idea if you accept cash or bitcoin, because for now not all people in the world are known about the crypto currencies so as substitute to bitcoin, fiat is very important.
I suggest, think first the products or services you been offered, then the place you create your business and the target people you just want to serves.

Yes,  I have an idea to invest my bitcoin in ofline business. Because,  it's own business of all.

You really have a point there. There are so many things you can do offline and then make people pay you in either fiat or in bitcoin.

You will be surprised at how you are first going to target bitcoin fans at first in your country who would be willing to see how it all works and then creating awareness for people to want to understand what bitcoin is all about. Just that you would need to do a lot of explanations to some customers, I have been there and it is not easy.

I am also Planning To have an offline Business, Such as Encoding, printing, or Photocopy, Laminations of I.D. But, for Now i am still in the Process of storing My Bitcoins and still waiting for the exact Price to be converted into fiat and Start my offline Business.

Therefore, if I Reach The amount of .2 Bitcoin then It will be the start of My Offline business, And even thou  I have Business I will continue to nurture myself in bitcoin. offline business and at The Same time Bitcoin.

Yes I agree and I think it is possible. For me I do much prefer to invest in offline business such as agricultural industry and etc rather than in online investment because it is very rare to find a legit investment program. Plus, i think it is more safe and you will get more profit in offline trading.

In order to use bitcoin in an offline business, you just need to start accepting payments using bitcoin. People will buy your goods and pay for it with a crypto currency. It will be an excellent advertisement for bitcoin

Yes that’s true, one cannot find an offline business where Bitcoin is being accepted, and you can’t invest your bitcoin into offline business, because Bitcoin doesn’t have a physical form so it can only be used online. If I want to invest my Bitcoin into an offline business, what I will do is sell it and convert to cash, which I will then use to invest into a business like farming preferably. I believe farming is the best offline business one can invest into and make huge profit.

Currently, it is not very profitable to invest bitcoin in offline business, as the percentages of growth are not comparable. A good offline business fully supports bitcoin payments yet to come up difficult
Such investments are suitable only as a diversification of risks

I'm afraid that in your country you can't convert your bitcoin into fiat? That's why you can't open up your desired business. I mean here in my country we can easily convert some of our bitcoin into fiat then sky is the only limit where we will spend it. So putting up an offline business here is easy. What's really tough decision here is what business shall be put up.
Actually, I want my first business that can reflect my personality and that's the easiest way to come up an idea. Since I like reading books while having some good coffee like I'm really a fan so I want to open up a coffee shop with library. Yeah like a library with a lot of interesting books, good ambiance like you'll feel like you're at home sipping a good coffee while reading your favorite books with a calming musics. Thinking how relax will be having these will really give me some chills.

Wow opening the restaurants is the best option because a lot of the people are now trying to get the best and the best food so buying the online food is the best thing in the bitcoin, I have heard that now the business of the bitcoin is increasing more and more so I would like to say buy the bitcoin and hold for the long time it is good to invest in the bitcoin and open your restaurant paying with the bitcoin

Yeah it is really tough to use the bitcoin at the simple when you know all the people are not yet aware of the bitcoin.First of the most you should get the proper information and then think about it that how you will be able to hold and get the profit, buying the bitcoin and not spending it will be the other source of the money making you will hold more and you will buy the high bitcoin for sure.

I am also thinking of investing my bitcoins in some offline business. I am well aware that it's totally possible that everything will go downhill. I know that it's possible for that business to become bankrupt but sometimes it takes years before a business actually makes some money. If that ever happens to the business I have invested in, then that will be really great. I am looking forward to opening up my own coffee shop because there isn't one in my place. People love to socialize in places like those. Just add some good music, good vibe, and welcoming employees and people will be there every single day. I mean, who doesn't like to drink their coffee, right? And even if let's say it becomes a little overpriced because they are not only paying for the coffee but also for the service, who cares? I would have no competition here, plus, people are dying to spend their money on overpriced coffees anyway. I'm also thinking of franchising in a clothing company because there are 3 companies that opened up in my place, and they are no good. No one's even buying on their store and I bet it's because they don't really sell trendy stuffs. So choosing the right company to invest in on that field would have been a crucial thing. I would have invested in a different clothing line (the clothing line that I'm talking about is at the same level of the stores that we have here, just much better clothing style so I know people would buy there instead).

Of course I really want to do that but it's really difficult to find out an offline business accept Bitcoin cause Bitcoin is not really well known like everyone still thinking. Beside Bitcoin is not legalized worldwide so in almost country all over the world people can't use Bitcoin to invest in offline business and my country is not an exception.

It's hard to think that you can actually use bitcoins in real world especially if most people doesn't use it and and the government is not really into it. I think what he really means is that to use bitcoin and convert it to fiat and used it to fund his own business. This is a good idea actually, I also wanted to earn bitcoins fund my own poultry farm and maybe I'll open an bitcoin investment site for my own business but somehow i think it is not feasible enough to earn profits.

If I have enough Bitcoin I will invest it in an offline business like Agriculture particularly farming of Ginger because it is a lucrative business here in my country.  And apart from Agriculture, I will set a clothing business which is one the growing and lucrative business here in the Capital city of my country. How I wish I can get someone can link me up with Calvin Klein and D&G so that I can go into franchise with any of them.