Topic: How much important bitcoin for entrepreneurs? - page 7. (Read 2718 times)

Bitcoin is very important for entrepreneurs arround the world as they can do transactions anytime anywhere in the world without spending much time falling in line  in some establishments that accepts payments like remittances and banks that is a time consuming way of paying goods and services. Bitcoin is fast, secure and convenient to use that is why I prefer Bitcoin than fiat depending on the availability of the service.

Bitcoin is  digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.
When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Bitcoin use a “push” mechanism that allows the bitcoin holder to send exactly what he or she wants to the merchant or recipient with no further information.



Purchasing real property typically involves a number of third parties, delays, and payment of fees. In many ways, the bitcoin/cryptocurency blockchain is like a “large property rights database.  Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.
There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based money transfer and micros financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet.



There aren’t usually transaction fees for bitcoin exchanges because the miners are compensated by the network. Even though there’s no bitcoin/bitcoin transaction fee, many expect that most users will engage a third-party service, such as Coinbase, creating and maintaining their own bitcoin wallets. These services act like Paypal does for cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to charge fees. It’s interesting to note that Paypal does not accept or transfer bitcoins. I particularly use bitcoin on most gambling site and my top casino site is Vegas Casino due to their large deposit bonuses on bitcoins deposited. Just like doubling or adding to your bitcoin with each deposit.  Sweet, isnt it?



We can also use bitcoin for purchases and payments. The advantages or uses  stands out. Privacy, security, trading, anonymity, payments, low transaction costs and speed. Bitcoin is mostly used as means of payment and it would continue to be used as that. Other uses includes trading, exchanges, investments and gifts. Therefore, its need is very important as it would help us to free ourselves from the shackles and problems of the centralized systems.

It is important if you can't pay with real money with bitcoin too, so I think all can be paid for with anything that matters lawfully I think that

but to enter the crypto world, a business must first understand the characteristics of bitcoin in order not to fall prey. BTC opportunities are very good to deal with the times. so that the benefits can be utilized to double the profits which can develop crypto money that they have because it includes investing

Bitcoin can be a choice for entrepreneurs because of it's unique usage. But with all the usefulness of Bitcoin, there is these volatility which make the investment of entrepreneurs more riskier than the traditional one. So some might refrain from diverting their investments using bitcoins due to the risk it has.

Bitcoin is so important for entrepreneurs for me because bitcoin is so much good to be investment it is high quality to be their business

As a currency in face value, crypto currency is bad for business. It is so vilatile that it's price changes almosy everyhour. The value of a product or service that would be tied to the crypto currency would change every now and then and that could create confusion in the market o top of the inflation and other variables.

For entrepreneurs, crypto currencies are only investments, but in running their business they can be a companion to fiat money, especially when there are business partners who want transactions using crypto money. Entrepreneurs should not refuse unless regulations in their country prohibit using crypto money as a means of payment.

It is rather an easy way fro them to earn easy money unlike the entry to the traditional market which is at times very tough and need an innovation at least. If not innovation, a new way is needed to make the existing market operate easy.

This all is not possible without investment and investing in Bitcoin has been the only way for them to get things done. So you will see majority of the entrepreneurs investing in Bitcoin because this is the only among so many investments that lift them up as true entrepreneurs.

Meaning to say, it's only beneficial to those who operate on a wider scale, right? Local businesses aren't in need of such technology. I think so too. There's just no point in implementing the bitcoin technology in small businesses when you can easily just hand over the money to the cashier. Bitcoin exists on the Internet and it's mostly going to be used for long distance transactions and most of us are still buying in physical stores. Sure there are those who prefer buying online but most of us still prefer going to the actual store so we can see the unit before we buy it.

Honestly right now bitcoin is not that important for entrepreneurs except for online retailers. The only time bitcoin will become crucial to their business is when the majority of people is already using bitcoin and the majority of merchants are accepting it already. Once bitcoin has become the new norm, entrepreneurs will be forced to accept the currency but right now it's not that beneficial to them. Even in developed countries, bitcoin isn't that crucial to business owners since everyone's still mainly using card and fiat money.

Yes. I think Bitcoins important to the entreprenuers is just like their assets too. Entrepreneurs are always take risks because without risk they did not get the success. Bitcoin is important to them because it can give them a high profit, without any waste of money. Entrepreneurs are business minded even though the price is low then knew that it will raise again.

I think crypto currency isn't used much by entrepreneurs in their own respective businesses. For one thing crypto currency has its flaws that i feel will be resolved overtime. As such, crypto currency as an investment could be a good vehicle for people with limited financial capacity to empower themselves and have another source of profit.

I think bitcoin for these entrepreneurs has not become so important to them but I am sure they already know and have started using some of the facilities owned by bitcoin.

this will lead to many opinions given that not everyone has different perspectives and knowledge, but in my opinion bitcoin is very important for the development of the entrepreneur's world because it turns out that if we use bitcoin optimally this will be very helpful especially if our business relationships are far from our country, of course, to conduct cheap, efficient and safe transactions with bitcoin can be the right choice to replace conventional bank transfers which will cost a lot

Many ways to make money with Bitcoin such as mining, speculation or running a new business. All of these methods are competitive and there is no guarantee of profit. It all depends on each individual to make an evaluation of the costs and risks that may arise in any project.

Those big shots sure has researchers who knows what is going on with the finance world and bitcoin is such a hot topic and I would be assuming that some of them are secretly investing on it because they don't want others to know that they are involved with it especially if that would compromise their current position. Some of those who are against bitcoin publicly are secretly doing something in the background so that they can take advantage of its movements may it be an entrepreneur, a politician, or a banker.

The big companies has a lot of benefit and income in investing in bitcoin that's why small businesses and entrepreneurs have also an interest to the bitcoin.

Bitcoin to me is so much important to Entreprenuers but should be done with caution. I am of the opinion that they invest from their profit for now and see it multiples. Should not invest from capital because the volatility is too high to be predicted in other not to fall their businesses.

This may or may not have an impact on bitcoin explecitely. If the person is using bitcoin only for their personal gains and not making public aware of it for risks of money lanundering then they are not helping in spreading the word but they are using it. Again those who know about bitcoin might accept it in the business. But if they are going to crowdfund their business by bitcoin then it becomes likes an ICO and that may not be taken positively by everyone.

As per fintech analysis bitcoin is still a very small cultist population follower-ship. The biggest amount of money are in the stock market and government bonds and mutual funds and precious metal before cryptocurrencies.

Most entrepreneurs want to invest in electronic money. In my opinion they are all big financiers. They always have big business and big investment. By investing in bitcoin some entrepreneurs have become successful.