How can we encourage local businesses to accept BTC? - page 48.

boyptc

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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.

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.

Vorth

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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.

Qartersa

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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.

pinkflower

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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.

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.

Gotottack

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Quote from: legendbtc on January 18, 2017, 12:10:20 AM

Quote from: Zadicar on January 17, 2017, 10:24:11 AM

Quote from: Babayega31 on January 17, 2017, 10:05:18 AM

Yes we can encourage local businesses to accept btc, and before that you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

Lets say you succesfully convinced the owner on accepting bitcoin on to your place but the adoption of bitcoin on there is almost zero then it would be useless but still you could able to benefit that since you do have a bitcoin to spent on that store but well its still okay because people would find it no matter what and got curios about it and would tend to know what is bitcoin.

I agree but there are chances may be we can provide some training to newbie who don't have any knowledge about bitcoin with free of cost, in this way we can make people motivate what are the advantages of using bitcoin. We have to explain from basis so that they will understand how this can helpful to grow their business.

There are so many educational videos about bitcoin already that it hurt to watch them all since they would not anymore give new information about bitcoin if you were to watch one video. I don't think teaching more newbies about bitcoin would be the jump off point of bitcoin being a currency people would accept in their businesses.

legendbtc

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Quote from: Zadicar on January 17, 2017, 10:24:11 AM

Quote from: Babayega31 on January 17, 2017, 10:05:18 AM

Yes we can encourage local businesses to accept btc, and before that you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

Lets say you succesfully convinced the owner on accepting bitcoin on to your place but the adoption of bitcoin on there is almost zero then it would be useless but still you could able to benefit that since you do have a bitcoin to spent on that store but well its still okay because people would find it no matter what and got curios about it and would tend to know what is bitcoin.

I agree but there are chances may be we can provide some training to newbie who don't have any knowledge about bitcoin with free of cost, in this way we can make people motivate what are the advantages of using bitcoin. We have to explain from basis so that they will understand how this can helpful to grow their business.

Zadicar

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Quote from: Babayega31 on January 17, 2017, 10:05:18 AM

Yes we can encourage local businesses to accept btc, and before that you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

Lets say you succesfully convinced the owner on accepting bitcoin on to your place but the adoption of bitcoin on there is almost zero then it would be useless but still you could able to benefit that since you do have a bitcoin to spent on that store but well its still okay because people would find it no matter what and got curios about it and would tend to know what is bitcoin.

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Quote from: Babayega31 on January 17, 2017, 10:05:18 AM

Yes we can encourage local businesses to accept btc, and before that you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

I think in explaining it to a newbie, we should make it short but brief, and just let them explore bitcoin by themselves...As much as possible we should not sugarcoat what we are saying about bitcoin,t should be something realistic...

When we are talking about the price fluctuation, I think we should show some chart to them, so they know, and see what is their impression about the price... But we should not force them to accept bitcoin, it is not their obligation to accept bitcoin and its their choice whether they will try it or not...

Babayega31

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Yes we can encourage local businesses to accept btc, and before that you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

BuySomeBitcoins

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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.

Barbut

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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.

boyptc

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Quote from: bohr on January 16, 2017, 12:10:50 AM

A way to encourage business will be be trying to get more people involved in bitcoin within your community explain them what advantages they can get out of bitcoin and if they like it then they will adopt bitcoin and eventually business will begin to adopt it.

Simple words of explanation is not going to be enough to make those business owners encourage for using bitcoin. You need to do a lot of things so that they can consider your explanation is a tough one and believable. So, upon explaining what are the advantages of bitcoin, you also need to include some proof of your profit with it.

bohr

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A way to encourage business will be be trying to get more people involved in bitcoin within your community explain them what advantages they can get out of bitcoin and if they like it then they will adopt bitcoin and eventually business will begin to adopt it.

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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.

And who is going to pay them remittance or bear the jail when the experiment turns to a scam one?

Many people have organised such scam events in order to make people buy bitcoins for them and then they ran away with their money. Even the sales organizers were not aware that it was a scam and got beaten up by the public.

Organizing a mass advertisement campaign for local businesses is not an easy job. You have to make them accept it.

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Quote from: Fatanut on January 11, 2017, 11:44:26 PM

Quote from: Crypto Girl on January 11, 2017, 11:16:14 PM

another ways of encouragement is by letting them see the benefits of using Bitcoins, tell them that bitcoin doesn't needs more papers as transaction records, what they needed is just the internet connection.

How is that an advantage of bitcoin over paper money? Paper money don't need transaction records too and it doesn't even require Internet connection. You just give him your paper money, he says "Thank you.", he hands you the item, and then that's it. A bitcoin transaction would require a mobile phone, scanning QR code, and then putting the amount of bitcoins, and then waiting for an average of 10 mins for the transaction to get processed. Not to mention if the location of the shop doesn't have Wi-Fi, in a remote area, or doesn't have a good signal reception.

Quote from: Crypto Girl on January 11, 2017, 11:16:14 PM

you can even say that bitcoin is a part of innovations and new technologies that attracts more customers and investors especially those "techies" and the youth which are hooked at the digital innovations.

That would work. People want to be "in". People want to follow the trend. Simply saying that it's the "thing" right now will get them hooked in the idea.

People like to be a part of innovation, but when it comes to reality they prefer fiat as its easy and accessible everywhere. No limitations that it needs to have technical knowledge or something. Bitcoin is not like that, simply describing it an innovation and making people start to use it is really not possible. The people who already know about it when starts using into businesses it easily gains the attention.

chickenado

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Quote from: choppork on January 14, 2017, 02:56:06 AM

Quote from: chickenado on January 13, 2017, 09:36:41 PM

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 We cant encourage them by experiment with it. If i am a business man, I want to have an advantages to encourage me to use this bitcoin. But How will you encourage me? What is the best advantages using this coin? The price of this coin is not stable so if they pay using this bitcoin, and the price decrease i will lose some profit. Thats not good in business Sad

You don't have to cash out when the price has decreased. You can always wait for a few more months before cashing out and that would give you profit. All of these is just a seasonal thing. There are times when bitcoin's down, and there are times when bitcoin's up. Just convert your coins when the price is much higher than when you acquired those coins and you'll be fine.

But if you're still worried that some emergency might be in the way that would force you to cash out at a price dip, then just convert the coins to fiat right when you received it.

But in business they need the payment immediately to use in their businesses, and sometimes the price is not stable so even if you convert it immediately the payment is not current sometimes it higher or it lower. And if you are the businessman, if your customers pay you now, then the payment does not reach the capital and you need to buy another product because you already sell your item at deficit price. What will you do? you will loan? or you will convert it ?

jseverson

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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.

choppork

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Quote from: chickenado on January 13, 2017, 09:36:41 PM

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 We cant encourage them by experiment with it. If i am a business man, I want to have an advantages to encourage me to use this bitcoin. But How will you encourage me? What is the best advantages using this coin? The price of this coin is not stable so if they pay using this bitcoin, and the price decrease i will lose some profit. Thats not good in business Sad

You don't have to cash out when the price has decreased. You can always wait for a few more months before cashing out and that would give you profit. All of these is just a seasonal thing. There are times when bitcoin's down, and there are times when bitcoin's up. Just convert your coins when the price is much higher than when you acquired those coins and you'll be fine.

But if you're still worried that some emergency might be in the way that would force you to cash out at a price dip, then just convert the coins to fiat right when you received it.

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Quote from: pinkflower on January 06, 2017, 03:44:52 AM

Quote from: andrei56 on January 04, 2017, 11:19:54 PM

Quote from: BingoDog on December 31, 2016, 11:35:21 AM

Quote from: talkinonnbtc on December 30, 2016, 11:36:35 AM

i don't think that we can help them, they have to decide on their own

Yes we can, we can encourage them. We can explain them what are the benefits, like those related to taxes or that they will maybe easier find bitcoin investors then fiat investors or that with using bitcoins they could be more competitive. There are risks too, ofw course, but it's worth trying.

Businesses owners prefer to stay out of trouble, if you begin to say to them they can avoid taxes with bitcoin they are going to avoid bitcoin even more since they prefer to pay their taxes than to risk their investment in their business.

Its more like the business owners dont need to accept BTC. Accepting fiat and credit cards works fine and smoothly for them so why is there a need add BTC. How will that be an advantage to them? All the Bitcoiners in this thread doesnt even spend that much in BTC anyway.

It depends on the location, there could be zones where there is a high concentration of bitcoin users and in those places it could be profitable to accept bitcoin in your business.

chickenado

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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 We cant encourage them by experiment with it. If i am a business man, I want to have an advantages to encourage me to use this bitcoin. But How will you encourage me? What is the best advantages using this coin? The price of this coin is not stable so if they pay using this bitcoin, and the price decrease i will lose some profit. Thats not good in business Sad

Topic: How can we encourage local businesses to accept BTC? - page 48. (Read 184968 times)