I started accepting Bitcoin at my store in September 2021, here's an update. - page 2.

Coin_trader

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Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: Pmalek on March 04, 2023, 04:49:12 AM

Quote from: wnet on March 03, 2023, 10:44:13 PM

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it.

How is that possible? If you run a store, don't you have expenses and obligations towards the state and your employees (salaries and taxes)? Do many people come to your store and pay with bitcoin and do you just not declare that as income?

Agree on this. I have a shop accepting Bitcoin myself and the only I manage to not convert Bitcoin payment into Fiat is because I use my job salary to cover it so that we will save transaction fee. This kind of update seems too good to be true and everything seems a very fancy story.

I’m having trouble myself on getting client that pays Bitcoin despite my customer is purchasing via online. I wonder what kind of hardware he has which attracts buyer to purchased using Bitcoin since most of the customer of hardware is non-techy person since they are involved on hard labor.

Husires

legendary

Activity: 1596

Merit: 1288

@OP I hope you are honest, otherwise you may get a negative trust that may lead you to not be able to participate in any future signature campaign or benefit from the merit points you have collected.
+ people will not help you in the future.

Quote from: UchihaSarada on March 03, 2023, 10:57:55 PM

I am out of words

They seem to be posts to get merits, unfortunately I believed it and may do it again if he creates the same topic.
How did you manage to remember him?

Bananington

sr. member

Activity: 1428

Merit: 344

Quote from: wnet on March 03, 2023, 10:44:13 PM

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention.

It is good that you have not faced any major challenge, but you should be afraid also if you have not yet experienced any challenges, because challenges are always expected to happen in business and with mostly new introduction to a business, that is when new things are introduced. If you have not faced any challenge, expect them and hope that the day they come, they do not become challenges that you are not ready to handle.

Quote from: wnet on March 03, 2023, 10:44:13 PM

I'll HODL until the day I die.

They say HODL as much as you can, not HODL till you die. What will be the point of holding bitcoins until your death when it has no use to you then?

UchihaSarada

full member

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Quote from: Rikafip on March 04, 2023, 05:29:25 AM

I don't know about the others, but this whole story smells fishy to me as according to OP, on the very same day he implemented LN, 4 persons used bitcoin in his store.

By looking at his post history as I saw he got many merit, I found he created many duplicated topics about accepting Bitcoin at his store.

More fishy to see he barely replied in his past topics. He simply created a topic to announce, update and he was out.

Rikafip

legendary

Activity: 1722

Merit: 5937

This can hardly be called an update since you didn't even mention any numbers, like the amount of customers that payed with bitcoin or what kind of percentage of your customers used bitcoin etc.

Quote from: Pmalek on March 04, 2023, 04:49:12 AM

How is that possible? If you run a store, don't you have expenses and obligations towards the state and your employees (salaries and taxes)? Do many people come to your store and pay with bitcoin and do you just not declare that as income?

If what he saying is true, he probably has enough cash on his hands to cover all the merchandise sold via bitcoin and additional expenses so he wasn't forced to sell any of the bitcoin received.

I don't know about the others, but this whole story smells fishy to me as according to OP, on the very same day he implemented LN, 4 persons used bitcoin in his store.

Quote from: wnet on September 09, 2021, 06:38:21 PM

I would like to thank the people who replied to my topic where I asked a few questions regarding the implementation of Bitcoin. Putting that aside, I have successfully implemented "Lighting Network" Bitcoin payments in my hardware store. Already 4 different persons have used Bitcoin as a payment today.

Pmalek

legendary

Activity: 2730

Merit: 7065

You could have posted a few pictures from your store so we can see how it looks. If you have a bitcoin accepted here logo or something, take a photo of that as well.

Quote from: wnet on March 03, 2023, 10:44:13 PM

I recently invested in a ColdCard mk4 to keep my funds safe.

Cool. Take a look at Show off your hardware wallet and take part if you want.

Quote from: wnet on March 03, 2023, 10:44:13 PM

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it.

How is that possible? If you run a store, don't you have expenses and obligations towards the state and your employees (salaries and taxes)? Do many people come to your store and pay with bitcoin and do you just not declare that as income?

Nwada001

hero member

Activity: 700

Merit: 673

Quote from: wnet on March 03, 2023, 10:44:13 PM

Hello all, I wanted to give an update about my hardware store.

To me I could have suggest you add this post under "I want to implement Bitcoin payment in my hardware store.
Since it's just the progress regarding your achievement and implementation so far.

daweller1

jr. member

Activity: 35

Merit: 3

Quote from: wnet on March 03, 2023, 10:44:13 PM

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble Cheesy

, I'm out.

can you post a link to the store?

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

It would be great to at least see some numbers or at least more details instead of just saying "I hodled the bitcoin" and some added fluff to make the post longer. This is barely an "update" my dude.

UchihaSarada

full member

Activity: 434

Merit: 141

Hire Bitcointalk Camp. Manager @ r7promotions.com

I am out of words

I want to implement Bitcoin payments in my hardware store.
My hardware store now accepts Bitcoin!
What is the best Bitcoin hardware wallet to use as a vault for a company?
Update on my hardware store which accepts Bitcoin
and this topic is a fifth topic of yours about accepting Bitcoin at my store, in my business.

Roll Eyes

Did you read forum rules that duplicated topics are not allowed. You duplicated topics in a same board (4 topics in Bitcoin discussion) and in different boards (1 topic in Beginners & Help)

Quote from: mprep on July 21, 2014, 12:27:51 PM

12. No duplicate posting in multiple boards (except for re-posting topics in the local language boards if they're translated and re-posting marketplace topics in the altcoin boards if altcoins are accepted).

wnet

newbie

Activity: 19

Merit: 72

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble Cheesy

, I'm out.

Topic: I started accepting Bitcoin at my store in September 2021, here's an update. - page 2. (Read 296 times)