Topic: How many merchants have you convinced to accept Bitcoin? - page 2. (Read 546 times)

It is very difficult to explain what bitcoin is and accept it for payment. in my country. only about 15-20% of the population knows bitcoin. and only a few understand bitcoin. So I think at the present time. It is difficult to convince someone to accept payment by bitcoin

Opposite of inflationary means deflationary. You should open up a dictionary and see the meaning of deflationary.

I case you are too lazy to do it here is a free service:
https://www.thefreedictionary.com/deflationary


Now tell me, which part haven't you understood exactly?

0, because it's really hard to convinced merchants here to accept bitcoin and also people here don't know about bitcoin. That's why no one merchants here accept bitcoin as a payment. Bitcoin is not popular in my country, that's why it's quiet hard to convinced merchants to accept bitcoin.

@mindrust
The reason bitcoin is in a limited supply is not to be store of value, is to not be inflationary monetary system cash, when you have a limited supply it will be deflationary cash, but that's not quite good to be deflationary in long term exactly from this reason, people will treat it as a store of value and it will block cashflow.
If someone say for sure 100% bitcoin will be 1mil dollars in 10 years guess what will happen in future? Nobody will sell! That is not what bitcoin supposed to be.
But what if someone say for sure 100% guaranteed that bitcoin will drop to 10 dollars? People will start to use it.

First and foremost let us be true to our self to convince a merchant to accept bitcoin is a hard thing to do first they will protect their investment, of course, they will collect data to study the case if they going to accept bitcoin as the mode of payment what happens if they found that bitcoin and cryptocurrency is volatile, are they going to take the risk?

I understand what you are trying to say but your logic is flawed.

Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value.

If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded.

Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar.

Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it.

A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again.

TLDR; you are asking the wrong question.

The question should be:

"How many customers have you convinced to spend their bitcoins?"

Something that I like to do, is to target merchants where I know people will spend bitcoins and where the merchant is technology related. They also must have a website, because that opens up a world of opportunities. The little Coffee shop around the corner will not get enough "Bitcoin" business, if there are not a lot of Bitcoiners in the area, so it is useless to target them. 

My most successful attempts was "technology" companies and Guesthouses. ^smile^

Well, I've never really advertise Bitcoin into any merchants before, but what I do is introducing my friends what is Bitcoin and how does it work. It's not a surprise on how they reacted to it though. Since Bitcoin is new to them, they have very different opinions, but most of my friends just doesn't care much about it. Some of my friends are interested so I introduce them to this forum. I also got into a point where I convinced a friend of mine to invest into an altcoin and we all profited big time.

That's why you should never start talking about investments and gains. It can only work against you because people are too stupid to understand that everything they do is their own responsibility.

I only point out Bitcoin's advantages and it's decentralized nature, and from there they need to figure out everything else themselves. If they end up investing and losing afterwards, they at least won't be able to blame you.

It's up to us to make sure people enter this industry for its technology and censorship resistance. Everything related to investments isn't our problem. We are in no position to provide financial assistance. Crypto is too speculative.

I dont think that i convinced someone, i really tried to introduce some people but it was a really difficult task for me, i mean, it is not easy to introduce someone to invest money in here.
You need to have very good marketing skills

I have advised about 30folks to join the cryptocurrency. Quite a few are pissed with me cause they've not been able to get back their investment capital. But then the rest understand the technology and are good to go.

I spend Bitcoin quite regularly, and the way I won't ever have to lose out on future increases is that I directly buy back everything I have spent. That allows me to spend my coins regardless of the price, because I know I'm buying them back with fiat. I have been focusing too much on the speculative nature of this market and never bothered to spend Bitcoin, but I'm happy that I am now spending more. I'm not actively looking for places to spend, but just spend when I need something, just like how we are using fiat. I want to see the currency aspect gain more solidity instead of just speculation. It's the real use that contributes to Bitcoin's utility value after all....

There are a lot of merchants who are supporting bitcoin and altcoin /
This time less than before but the numbers are still quite large.
The amount will increase gradually until the end of the year!

I remembered a friend of mine have a small online business for printing t-shirts and selling branded shoes, I once told him about why not accept it as a payment since he's also a cryptocurrency investor and there is no problem with the government in our country about using it for payment because there is already a local exchange here that already functions as an cryptocurrency exchange and payment processor as the same time that is regulated by central bank. He agreed to me and said yeah why not and he will try it, after weeks I asked him again about it, but the thing is no single person wants to purchase his products using cryptocurrency because people don't want to spend their Bitcoins/cryptocurrency because they hope that the value will go up, in short people wants use Bitcoin/cryptocurrency as an investment not for payment.

Totally agree with @Kakamakr
With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value

This is the type of comments that are keeping me up at night.   If Bitcoin stagnates and primarily become a Store of Value, then we will all suffer, when we want to spend it. The main goal must be to be able to spend your bitcoins eventually, not to convert it to fiat. The short sighted views like this will keep us in the fiat chains, forever.

The ultimate solution for Bitcoin was the fact that you could pay someone directly with bitcoins, without having to use fiat currencies or having to rely on third party services to do that. Now, people only see Bitcoin as a Store of Value and a commodity and they are blinded by their greed to constantly make profits on their investment in Bitcoin.  

These third party services also add fees for this service and this makes Bitcoin transactions more expensive. This is destroying the advantages that Bitcoin has over other payment options.    

I disagree, i wish there will be hypermarkets in my city where i can buy grocery with bitcoin. When they implement this payment people will start to be more informed about that payment gateway. When they discover they do not need any banking and id details to use it, then we can hope in mass adoption.
So, to me is important for merchants to start accepting bitcoin. Then jobs maybe will offer salary bonuses in crypto.

Bitcoin become the next gold isn't going to depend on consumers interacting with merchants. It seeds to be integrated into the global high finance system. Centralized credit systems are vastly superior for consumers. People thinking consumer payments are thinking too small imo.

I am struggle to find customers that pay in bitcoins for my services . I removed visa and wire transfer payment gateway, and my website accept only Bitcoin at this moment.
And you asking how many merchants have we convince?
It is a wrong mentality setup in crypto overall. In sense that Bitcoin is a store of value, so people over hold bitcoins in a hope they become rich some day.
Nobody read the title of white paper " A Peer-to-Peer Electronic Cash System " not a peer to store of value.
So, my business started as a local service in my city, now i want to provide services for new start-up business over the world.
Ofcourse i am at the start and it need time to improve S.E.O , i do not know how to promote my business and how to teach my customers how to transact crypto. It is hard, but i am a persevering person.
 

It depends on legalisation because my country crypto is not legalised so merchants are not accepting the Bitcoin but my friends are know Bitcoin so we only exchanging our Bitcoin. I think government is accepting in future we don't count the merchants list but after legalised everyone accepting the crypto payment.