Topic: How can we encourage local businesses to accept BTC? - page 77. (Read 184968 times)
we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent
The good we do introduce it to people who do not yet know . Teach them how to use it and explain to them that bitcoin is a very fast way of payment . We should teach them step by step how to use it and how they can be converted into cash . The principle should be that many of them can be put to the bitcoin .
This seems like the most logical way. I think it also needs alot of time, people need time to ease into things especially if money is involved.
You know we are already doing online business like trading and investment, and thats all are accepted bitcoins, and we have no problem in it, so it has clear mean that we are encouraging the bitcoins, but in high level it takes sometime. But bitcoin is already going fast so may be within 10 years bitcoin also achieved more levels.
If we are talking about trading and investment so that all are kinds of business, and really we can use bitcoin in it, and faces the no problem. But in pure business i don't think that we can use bitcoin easily. Because in official level and also in government level have many problems, and also it is a time taking work.
You know we are already doing online business like trading and investment, and thats all are accepted bitcoins, and we have no problem in it, so it has clear mean that we are encouraging the bitcoins, but in high level it takes sometime. But bitcoin is already going fast so may be within 10 years bitcoin also achieved more levels.
I also would like to add the issue about the concern for local business accepting bitcoin as what will they right on their income statement for the issuance of their tax? For example as a citizen of a country that don't accept btc don't you think it will be fishy for the government that they always have 0$ in their income statement yet the business is still open until now.
Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.
You guys are right that local businesses cannot accept bitcoin unless bitcoin accepts it as the taxes that are applied for using dollars wont be there if someone is using bitcoin because it is not controlled by the government so there would be no taxes and if the government finds that they can possibly ban that business.
I also would like to add the issue about the concern for local business accepting bitcoin as what will they right on their income statement for the issuance of their tax? For example as a citizen of a country that don't accept btc don't you think it will be fishy for the government that they always have 0$ in their income statement yet the business is still open until now.
Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.
I think this is indeed quite bad at risk if there is no penindakan firmly against the Government, because if the Government didn't response upon this then surely the Government will become a loss and they lose the opportunity to earn a good enough profit to build his country. Using bitcoin payments more secure and comfortable than anything else, but the impact of this on the usage will now be bad for Government
I also would like to add the issue about the concern for local business accepting bitcoin as what will they right on their income statement for the issuance of their tax? For example as a citizen of a country that don't accept btc don't you think it will be fishy for the government that they always have 0$ in their income statement yet the business is still open until now.
Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.
I also would like to add the issue about the concern for local business accepting bitcoin as what will they right on their income statement for the issuance of their tax? For example as a citizen of a country that don't accept btc don't you think it will be fishy for the government that they always have 0$ in their income statement yet the business is still open until now.
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.
i think you need to let them know how maay people wants to use bitcoins so i think they should think about letting buyers pay in bitcoins, also tell how it is easy to do that
In my opinion the best thing is making them acknowledge that it would be profitable for them to accept Bitcoin in their shops. Introducing them personally to the "Bitcoin world" would be the best but it is really time-consuming. A good thing would be spending some money into stamping leaflets and give them to the shop owners.
Most of the businessman almost has no time to think about other currencies and it's effect to their business... I think it won't be easy to convince them, except if one of their partners or they themselves already have an experience with bitcoin... Coz if they don't have, perhaps they will always think about the price, it keeps on moving and they are not into trading their money coz that's another form of business to them, that's another thing to focus at....
In my opinion the best thing is making them acknowledge that it would be profitable for them to accept Bitcoin in their shops. Introducing them personally to the "Bitcoin world" would be the best but it is really time-consuming. A good thing would be spending some money into stamping leaflets and give them to the shop owners.
one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.
Confirmation time is just fine and merchants can deal with that.
The one thing they can't deal is the price volatility in bitcoin. They want a price stable if ever they will accept bitcoin as payment method. To cover the risk they will just add some fees whenever there is a bitcoin transaction in their products.
That's right, the unstable price can be a problem for larger businesses because they would probably need to store a lot of funds in their business and while they are holding the funds and the price drops then they would probably pick up quite large losses and that is not something a business can afford.
one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.
Confirmation time is just fine and merchants can deal with that.
The one thing they can't deal is the price volatility in bitcoin. They want a price stable if ever they will accept bitcoin as payment method. To cover the risk they will just add some fees whenever there is a bitcoin transaction in their products.
one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.
I don't think that is a difficulty in bitcoin because it only takes few minutes for a transaction to get confirmation and I don't get a problem with it. And for sure the local businesses are not going to think about it either you just need to explain to them on how that confirmation works. And don't tell them that it is going to be a problem.
one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.
The good we do introduce it to people who do not yet know . Teach them how to use it and explain to them that bitcoin is a very fast way of payment . We should teach them step by step how to use it and how they can be converted into cash . The principle should be that many of them can be put to the bitcoin .
it is not that easy as you said. it needs a lot of planing and need team work, I can teach some peoples in my family or my street (same everyone can do) but we cannot change the overall situation.. using bitcoin is very easy but only at the web,but when it comes to local businesses the situaiton will get change completely.. and it can be only possible if big companies get involved in it to promote bitcoin in local businesses,
While its not bad to achieve both the local businesses to also accept Bitcoin, the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.
In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more. But that might not happen if the bitcoin does not innovate any more.
There are already a few or more million people using bitcoin worldwide so later on they will be counted in billions, and when the community reaches that point the adoption level would highly rise as well and the price would always follow the level of adoption.
Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.
Process is gradual but the introducing bitcoin to retails is first and the most important step in encouraging business to accept BTC.
That is really the hardest part of letting the local businesses to accept bitcoin is by introducing it to them. I think you must need to do some presentation and proper introduction for them to let them use bitcoin. And it is going to be good if you are the one to do that, because you can ask them to have your shares for it.
Then create a good presentation I agree with you , explain how bitcoin prospects, benefits and the other things related to bitcoin features.
Honestly this is easy said than done, bitcoin community in local area is not grow faster, useless if there is no customers.
Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.
Process is gradual but the introducing bitcoin to retails is first and the most important step in encouraging business to accept BTC.
That is really the hardest part of letting the local businesses to accept bitcoin is by introducing it to them. I think you must need to do some presentation and proper introduction for them to let them use bitcoin. And it is going to be good if you are the one to do that, because you can ask them to have your shares for it.
While its not bad to achieve both the local businesses to also accept Bitcoin, the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.
In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more. But that might not happen if the bitcoin does not innovate any more.
There are already a few or more million people using bitcoin worldwide so later on they will be counted in billions, and when the community reaches that point the adoption level would highly rise as well and the price would always follow the level of adoption.
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