How can we encourage local businesses to accept BTC? - page 47.

jossiel

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Quote from: OrangeII on January 28, 2017, 01:30:03 AM

to encourage local businesses to use bitcoin, bitcoin I think you should explain to them, the same as is done by people before, such as in the documentary, the rise of bitcoin. if you do not want that, you just need to show an example to build a business that accepts bitcoin and fiat.

It a must to encourage them, let them know what bitcoin is and explain things that they don't know about it. But this is not an easy task.

As a lot of people are still doubtful for it mainly the businessmen and it is really going to be a tough one on encouraging them using bitcoin.

Showing them a proof can help to encourage them but locally they must be bitcoiners that are nearby to his business.

As business that needs to have profit so if there are no bitcoiners near him, his business that accepts bitcoin will be forgotten.

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to encourage local businesses to use bitcoin, bitcoin I think you should explain to them, the same as is done by people before, such as in the documentary, the rise of bitcoin. if you do not want that, you just need to show an example to build a business that accepts bitcoin and fiat.

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Quote from: TheUltraElite on January 27, 2017, 04:44:00 AM

Quote from: diegz on January 26, 2017, 09:06:17 PM

Quote from: JANGKRIK BOSS on January 26, 2017, 08:29:58 PM

I think it depends on the marketing strategy, whatever we do good marketing strategy if they will accept it gladly include the problem of payment accept bitcoin.

Whatever strategy you use to make local merchants like bitcoin, it won't work if they are not interested in it. If you force it, probably you would look suspicious to them. It would be nice to just let them naturally know bitcoin. Introduce it to everyone but never expect that they will all like bitcoin. The best thing is you did what you think could make them like bitcoin.

In fact the local businesses even think that we are trying to lure them into some money laundering scheme. Many people's first exposure to bitcoin was ransomware and uTorrent coin mining malwares, drug dealers, Silk route incidents.

They still think that bitcoin is a ponzi scheme and are not willing to accept it into the business no matter what.

Thats true businessman looks a how they can make money on their business so we need a representative from Bitcoin that can talk to them to accept Bitcoin to they didn't think that Bitcoin is only a ponzi scheme.

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Quote from: TheUltraElite on January 27, 2017, 04:44:00 AM

They still think that bitcoin is a ponzi scheme and are not willing to accept it into the business no matter what.

This is why it is getting harder nowadays to attract those people who are running a business to accept bitcoins. Since there are a lot of people who are scamming online we can't remove to their minds that they are also suspecting bitcoin to be a scam related coin which is really not. We need to change their thinking about bitcoin.

If they will be real merchants and they will know about business then they will not consider bitcoin as ponzi but they will know about the concept of demand and value and they will know that the value of a currency increases and decreases with demand so they will accept it.

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Well it's hard to change their minds when most news either about bitcoin's price or ransomware demands.

Sadlife

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Well firstly show them how they can gain easy profit on it and how to use this crypto-currency

You can tell them how quick and easy is bitcoin to tranfer and send money without any information required not like paypal.

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Quote from: TheUltraElite on January 27, 2017, 04:44:00 AM

They still think that bitcoin is a ponzi scheme and are not willing to accept it into the business no matter what.

This is why it is getting harder nowadays to attract those people who are running a business to accept bitcoins. Since there are a lot of people who are scamming online we can't remove to their minds that they are also suspecting bitcoin to be a scam related coin which is really not. We need to change their thinking about bitcoin.

Of course bitcoin is definitely a scam related coin. Even fiat is a scam related coin. Every single currency have been used for scams or other shady activities.

The people that think bitcoin is a huge ponzi scam should do their own research because they obviously have no idea of what bitcoin is.

The scams online shouldn't discourage local businesses at all since they are sure that they're not going to be scammed since the payment is not reversible. The local business owner doesn't have to send first. He should require to send payment first before he gives the item.

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Quote from: diegz on January 26, 2017, 09:06:17 PM

Quote from: JANGKRIK BOSS on January 26, 2017, 08:29:58 PM

I think it depends on the marketing strategy, whatever we do good marketing strategy if they will accept it gladly include the problem of payment accept bitcoin.

Whatever strategy you use to make local merchants like bitcoin, it won't work if they are not interested in it. If you force it, probably you would look suspicious to them. It would be nice to just let them naturally know bitcoin. Introduce it to everyone but never expect that they will all like bitcoin. The best thing is you did what you think could make them like bitcoin.

In fact the local businesses even think that we are trying to lure them into some money laundering scheme. Many people's first exposure to bitcoin was ransomware and uTorrent coin mining malwares, drug dealers, Silk route incidents.

They still think that bitcoin is a ponzi scheme and are not willing to accept it into the business no matter what.

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Quote from: JANGKRIK BOSS on January 26, 2017, 08:29:58 PM

I think it depends on the marketing strategy, whatever we do good marketing strategy if they will accept it gladly include the problem of payment accept bitcoin.

Marketing strategy really matters but how you are going to market something that it isn't used by the citizens on an area? That's a tough challenge for us if we are going to think realistic, that's the first thing that will come to the mind of the business owners. But if you are going to answer this, you better encourage your neighbors to use bitcoins before encouraging the local business owners.

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Quote from: JANGKRIK BOSS on January 26, 2017, 08:29:58 PM

I think it depends on the marketing strategy, whatever we do good marketing strategy if they will accept it gladly include the problem of payment accept bitcoin.

Whatever strategy you use to make local merchants like bitcoin, it won't work if they are not interested in it. If you force it, probably you would look suspicious to them. It would be nice to just let them naturally know bitcoin. Introduce it to everyone but never expect that they will all like bitcoin. The best thing is you did what you think could make them like bitcoin.

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I think it depends on the marketing strategy, whatever we do good marketing strategy if they will accept it gladly include the problem of payment accept bitcoin.

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Quote from: lienfaye on January 26, 2017, 03:14:06 AM

Quote from: boyptc on January 19, 2017, 07:14:24 PM

Quote from: Vorth on January 19, 2017, 07:04:52 PM

It is good to know that there are some people who is trying to make this kind of move despite the fact that it is hard to encourage the local business to have this in their stores.
And so for me, I guess show them what are the advantages of having this on their store.

It is really hard to encourage local businesses to engage themselves with bitcoin. Since it is still kind of new and young, those businessmen will not going to believe us immediately. But it depends on how we are going to explain things and how they will benefit from using bitcoin. I believe that they will just going to get excited with the convenience and profit.

Bitcoin need popularity first in the area before merchants consider to use it. yes it will be hard to convince them to use btc as payment method but if they came to know what convenience can btc bring in their business they might become interested.

Real understanding about its potential is much needed for a person before implementing bitcoin into any sort of business. In the past more merchants ignore bitcoin just because of its high volatile nature, now volatility have decreased alot. So soon we can expect more stores as well malls accepting bitcoin as a payment.

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Quote from: boyptc on January 19, 2017, 07:14:24 PM

Quote from: Vorth on January 19, 2017, 07:04:52 PM

It is good to know that there are some people who is trying to make this kind of move despite the fact that it is hard to encourage the local business to have this in their stores.
And so for me, I guess show them what are the advantages of having this on their store.

It is really hard to encourage local businesses to engage themselves with bitcoin. Since it is still kind of new and young, those businessmen will not going to believe us immediately. But it depends on how we are going to explain things and how they will benefit from using bitcoin. I believe that they will just going to get excited with the convenience and profit.

Bitcoin need popularity first in the area before merchants consider to use it. yes it will be hard to convince them to use btc as payment method but if they came to know what convenience can btc bring in their business they might become interested.

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Quote from: jseverson on January 14, 2017, 06:05:37 AM

Quote from: Legoiniel on January 13, 2017, 08:10:27 PM

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.

No it's not right to let them experiment because businessman have no ide what bitcoins are but you can explain them instead of let them experiment they also need a basic explaination.

Yes businessmen don't have time for experimentation when it comes to their business. They won't even waste their time for nonsense thing, let's just be real to them and explain everything with it, possibilities, problems just too good for them so that we can encourage them easily and in a nice way. Because once they will find it out that you are lying to them, you'll dead.

Most business are not in the market for innovation they are there to make money and as such they will try trusted and proven methods, bitcoin is a great innovation but I’m sure many businessmen will not consider it for now simply because it is too new.

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Quote from: bohr on January 25, 2017, 05:35:33 PM

Quote from: Barbut on January 16, 2017, 04:06:38 PM

Quote from: Choy13 on January 13, 2017, 07:00:34 AM

If majority of the people will used the bitcoin in transaction. We can assure and prove to other people that bitcoin is really the fastest way to transact especially in buisness. Not just that ,the value of bitcoin can increase dramatically in less than a minute. It just need proper managing .

First question is why would people use bitcoin in transaction? Bitcoin is not fastest way, and bitcoin price has nothing with selling goods, they have their own price and that price doesn`t depend from bitcoin. Second question is what you think what kind of managing do we need?
Local business need legality and stability, what is someone sell all store for bitcoins and the next day bitcoin price drops significantly, merchant will lose a lot, and he will lose business cause he will not be able to order new stuff. I think local businesses need stability, they will not risk their money and wealth just like that.

Merchants don't need to keep bitcoin if they don't wish to expose themselves to the volatility of the market they could always sell their coins immediately after getting a purchase.

Yes, in theory that should work but I also think that it also depends a lot on the size of the merchants and the volume they handle, to cite an example, let's suppose that a large merchant sells ten thousand usb when price BTC is on $900, if the price falls that same day $50 then he will suffer a loss according to the number he has sold and paid him with BTC, and it's what you mention he should have sold immediately, but what if his sales were made in 20 hours almost all day, talking about an online store for example, the seller can not be changing his BTC every moment,so it could have to wait for at least one day to make the change, but do not know if the price will go up or down, it went up more than $900, He will be happy and will do the exchange, but what happens in the opposite case, that is to say that the price goes down, He will have to wait until the price recovers in the best of cases or sell at a loss which would be very bad for the business, and here you start to see why not many businesses still accept it as payment.

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Quote from: Barbut on January 16, 2017, 04:06:38 PM

Quote from: Choy13 on January 13, 2017, 07:00:34 AM

If majority of the people will used the bitcoin in transaction. We can assure and prove to other people that bitcoin is really the fastest way to transact especially in buisness. Not just that ,the value of bitcoin can increase dramatically in less than a minute. It just need proper managing .

First question is why would people use bitcoin in transaction? Bitcoin is not fastest way, and bitcoin price has nothing with selling goods, they have their own price and that price doesn`t depend from bitcoin. Second question is what you think what kind of managing do we need?
Local business need legality and stability, what is someone sell all store for bitcoins and the next day bitcoin price drops significantly, merchant will lose a lot, and he will lose business cause he will not be able to order new stuff. I think local businesses need stability, they will not risk their money and wealth just like that.

Merchants don't need to keep bitcoin if they don't wish to expose themselves to the volatility of the market they could always sell their coins immediately after getting a purchase.

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Quote from: Qartersa on January 18, 2017, 08:18:23 PM

Quote from: pinkflower on January 18, 2017, 02:03:55 AM

Quote from: BuySomeBitcoins on January 16, 2017, 08:20:31 PM

Very easy.

Merchants want one simple basic thing : sell
Provide them a device that integrate bitcoin acceptance, basic and simple to use, no hassle and instant conversion to Fiat deposited the next day and you will see them adopt Bitcoin as fast as VISA/Mastercard.

You are so naive and simple. If it were as easy as that it would have happened already. Cant you just accept that no merchant wants to accept BTC except for a very minute minority? I dont know where you are from or what your level of education is but your answer tells a whole lot about you.

Having merchants have a bitcoin payment processor in truly not the answer. Like hat pinkflower said, if it was that easy then there is no point in the discussion. Every merchant would have opened a bitcoin channel where he can accept payments. Bitcoin needs to be adopted in a way that it would introduce every great aspects it has. People should believe in it and realize what it can do before it gets adopted by merchants and consumers.

Besides is the fact that there are still aspects that developers should improve such as ease of use, as well as that if someone needs to acquire BTC to buy other goods in stores it will be more expensive to do so than buying directly with the traditional media, so for the common customer is not very attractive to perform and maybe that is another reason where local businesses are not very interested in that matter yet, perhaps over time the rate of conversion will be lowered and then one could speak of a greater use by such businesses but I repeat, for now it does not seem to be the case maybe in a couple of years things are a little different of what they are now.

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Quote from: BuySomeBitcoins on January 16, 2017, 08:20:31 PM

Very easy.

Merchants want one simple basic thing : sell
Provide them a device that integrate bitcoin acceptance, basic and simple to use, no hassle and instant conversion to Fiat deposited the next day and you will see them adopt Bitcoin as fast as VISA/Mastercard.

Merchants are probably not waiting for a device which can integrate bitcoin acceptance, they want customers. If they want one basic thing which is selling then for selling they would probably need customers, so if they even have the device but not bitcoin customers then the device is of no use.

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Quote from: Vorth on January 19, 2017, 07:04:52 PM

It is good to know that there are some people who is trying to make this kind of move despite the fact that it is hard to encourage the local business to have this in their stores.
And so for me, I guess show them what are the advantages of having this on their store.

If any of the Ecommerce site accepting bitcoin as payment for the consumers and dealers. Dealers who is tied up with the Ecommerce site would be helpful for the small scale business people with the bitcoin payment.

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Quote from: BuySomeBitcoins on January 16, 2017, 08:20:31 PM

Very easy.

Merchants want one simple basic thing : sell
Provide them a device that integrate bitcoin acceptance, basic and simple to use, no hassle and instant conversion to Fiat deposited the next day and you will see them adopt Bitcoin as fast as VISA/Mastercard.

It is not easy as that, dig deeper on why merchant wanted to sell. It is the profit. As long as the scenario bring profit to the merchant, there is no second thought that they will accept bitcoin. Aside from that, merchants also care on the stability of the currency they will be using. Organization can supply them all the gadgets for bitcoin merchant start-up but the most concern will be the price of Bitcoin in between the selling and cashing out.

Topic: How can we encourage local businesses to accept BTC? - page 47. (Read 184968 times)