Is it a good time to start accepting BTC? - page 3.

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Quote from: ReiMomo on June 04, 2022, 03:32:52 PM

Quote from: smartaction on June 03, 2022, 07:40:04 PM

Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Accepting bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

Yes, as number of Bitcoin investors and number of people who are aware of bitcoin, have significantly increased through out the world, yes its needed to start accepting BTC everywhere. Yes, we have heard few countries already accepting Bitcoin. Really happy to see them doing so. Yes there are huge challenges with the governments. Wish a team from Crypto takes charge and mingles with govts to utilize Bitcoin everywhere.

I think that if BTC should be accepted under any method, it is through the use of the wallet or the use of a third party for the means of payment, one that would like it to become famous for this type of payments would be with LN, I know that with Time will be achieved.

For every business that has to do with any item or product to sell I would take advantage of the payment with BTC because it would be faster, safer and would not pay any percentage to the bank, the best of all is that it would not have to adjust accounts with the Banco would make a very large sale, because in several countries when sales are registered for 10 thousand dollars, sometimes the bank must go to the bank, because otherwise it becomes a follow -up problem.

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Quote from: smartaction on June 03, 2022, 07:40:04 PM

Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Accepting bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

Yes, as number of Bitcoin investors and number of people who are aware of bitcoin, have significantly increased through out the world, yes its needed to start accepting BTC everywhere. Yes, we have heard few countries already accepting Bitcoin. Really happy to see them doing so. Yes there are huge challenges with the governments. Wish a team from Crypto takes charge and mingles with govts to utilize Bitcoin everywhere.

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Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

It depends. I guess this is a subjective matter which highly relies on the situation of a place where you plan to adopt bitcoin as payment method. If you are going to use accept bitcoin in exchange for products or services, then your rate shouldn't be fixed because it could cost you your supposedly profit if the value of btc is low.

Processing time and fee could be a problem if the network you'll use is usually crowded. In addition, the price fluctuations could be a factor too since most people tend to panic over sudden drops, hence, not really a good time to pay with crypto resulting with probably lower transactions if you're planning to solely set up a payment method with it. If you'll use it as an alternative, perhaps it could work out depending on the network you'll use and strategy you're going to make.

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Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Accepting bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

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Quote from: MommyElsa on June 03, 2022, 06:35:46 PM

Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Bitcoin is true and btc earnings is real as well. Knowing bitcoin is all worth it even if i encountered lot of losses but I also gain as well. Bitcoin investment is good if you hold it and invest it in a good timing.

Unlike the market the Bitcoin earning and the value it holds is real. When we discuss about bitcoin for payment, more number of businesses have begun to accept it. Fearing the volatility, businesses aren't getting much into direct acceptance and are using third party service providers. When we get into direct bitcoin acceptance we need the patience, because the volatility can make changes. If the business received $20 and it turned $15 tomorrow we should have a backing to hold until the price bounces back.

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Quote from: MommyElsa on June 03, 2022, 06:35:46 PM

Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Bitcoin is true and btc earnings is real as well. Knowing bitcoin is all worth it even if i encountered lot of losses but I also gain as well. Bitcoin investment is good if you hold it and invest it in a good timing.

Invest on what you can afford to lose as always and when you do step your foot into crypto then be prepared with volatility risk which had been always the issue when it comes this.
Start on accepting bitcoin or crypto on your business is a personal choice and just like been said by others that if you do able to bare the risk then its your choice to make to accept it
but if not then you can opt not to adapt or integrate it on your business. Good time isnt something could be determined because this market had been unpredictable from the start.

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Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Bitcoin is true and btc earnings is real as well. Knowing bitcoin is all worth it even if i encountered lot of losses but I also gain as well. Bitcoin investment is good if you hold it and invest it in a good timing.

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It’s never early or too late about adopting and accepting Bitcoin. Let’s not focus primarily on the price movement of it but rather its real world use case such as alternative payment for various transactions, especially the guy here in this forum who have paid the doctor with Bitcoin for birth fees (luckily the doctor is a Bitcoin advocate).

As Bitcoin evangelists, our goal remains the same as we are here to become advocates of this cryptocurrency. By any means necessary even if its a slow progress, we still keep spreading the word about Bitcoin for individuals, companies, etc., to accept, embrace and adopt it.

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Quote from: mich on June 01, 2022, 01:15:38 AM

If I owned a business I would absolutely accept Bitcoin regardless of what service, product or industry I was operating in. I’m a huge proponent of cryptocurrencies and the blockchain and I believe BTC is an excellent method to exchange value.

Even more than just accepting cryptocurrencies I would use the Blockchain to help with some of my processes. For example, if I sourced any raw materials to make a certain product, it could be very beneficial to use the Blockchain as a transparent ledger for accountability.

What if your business is about agriculture and hardware? Are you sure you would still accept bitcoins? Because your customers are mostly adults or old people that don't have an idea or let say they have some idea but they still prefer to use fiats. That is why it is important to accept btc depending on our business, it is best to accept btc if your business is about computers and gadgets because your customers are mostly young and middle age people that are definitely in to btc and cryptocurrencies.

By using bitcoin you are already using blockchain there but if you want to take it to the next level and use blockchain the literal way then that can also be a good idea.

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Quote from: goldkingcoiner on June 02, 2022, 04:34:06 PM

The biggest problem with accepting BTC is, from my own subjective perspective, the fact that people cannot lose their Fiat mindset of having a piece of paper with a number which does not change, physically. They just look at their dollar and see a dollar. They do not see a reason to look at a chart of USD/EUR every 15 minutes. Because it is stable to them even though it is slowly losing value everytime the government decides that it needs something.

Bitcoin on the other hand is currently more of an investment into the future which is why the value of BTC is always so wild.

That's very interesting, isn't it? For most people, 'the dollar is stable', since 1USD = 1USD, just like they deem something like Tether a 'stablecoin', since it's always worth $1 USD. However, it's constantly losing purchasing power; sometimes less, sometimes more. But that doesn't sound very stable to me. At the same time, '1BTC = 1BTC' is seen like more of a meme or generally not very serious at all, but it's actually exactly the same like defining the dollar stable, because $1=$1. Applying the same definition to Bitcoin, would mean Bitcoin doesn't and never lost any value and that it's fully and absolutely stable, since BTC1=BTC1.

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The biggest problem with accepting BTC is, from my own subjective perspective, the fact that people cannot lose their Fiat mindset of having a piece of paper with a number which does not change, physically. They just look at their dollar and see a dollar. They do not see a reason to look at a chart of USD/EUR every 15 minutes. Because it is stable to them even though it is slowly losing value everytime the government decides that it needs something.

Bitcoin on the other hand is currently more of an investment into the future which is why the value of BTC is always so wild.

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Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

You have to make it clear to yourself before you decide. If you believe that bitcoin will reach its new ATH and will be very profitable in the near future, so its certainly worth accepting for and hodl it in your wallet. But if you think that bitcoin is just a waste of time and that there are a lot of established altcoins that are more useful than bitcoin, then you don't have to accept bitcoin and store it in your wallet. I guess its only a matter of wise decision-making, but not all is capable of that.

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Bitcoin can be accepted at anytime, just that one have to make some decisions on what to do about it. Bitcoin can be Hodl for sometime or it can be swapped to a stable coin or selling it to get a fiat. Bitcoin can be accepted at all times, their is no particular to accept bitcoin. Bitcoin is a coin for all season, it is important for one to understand how to go about it.

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Quote from: Betwrong on June 01, 2022, 04:41:25 AM

Quote from: BroganWessex on May 25, 2022, 06:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

From what we know from Bitcoin history, BTC always surpasses it's previous ATH. So, today it's a good time for accepting Bitcoin, but under one condition: you must be good with holding your BTC for the next couple of years, or maybe even 3-4 years. Yes I'm positive that another ATH will be achieved, but it can take some time.

Don't get me wrong, I personally think that a new ATH can happen with high probability this very year, but we should be prepared for the worst, you know.

It's always a good time to start accepting bitcoin because its price will eventually rise up in time and we will witness a new ATH that will bring a lot of profits for us. Otherwise, we will miss another chance again if we continue to be skeptical on buying bitcoin because of its endless risks. However, its always your personal choice at the end of the day since you are the one responsible for your finances but majority of us here always believe that there's no late from accepting bitcoin.

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By the way, what do you think - maybe now is the time to start working with bitcoin? It seems like a pretty good deal, the price is not bad.

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Quote from: bakasabo on June 02, 2022, 05:05:05 AM

Quote from: Mr.sprin on June 02, 2022, 12:55:11 AM

Accepting bitcoin at this time is very appropriate for those who want to store bitcoin in the long term because, almost everyone knows the price of bitcoin will rise again and only some people are willing to accept bitcoin when the price is high.

Then it turns that Bitcoin is just a good long term investment asset. What is the point of world acceptance, if everyone just aim to buy, hold and get rich? Why wish an acceptance, when no one can stop you from downloading Electrum and buying some Bitcoin? What about everyday usage then? Everyone still connect Bitcoin to USD. Everyone wants to buy, hold until price goes extremely high, sell to fiat and spend it. That is the problem. Only few want to convert fiat to BTC and use it in everyday expenses.

Right. To improve adoption, in my opinion, we need more people using Bitcoin everyday, using it as a currency, not as an investment. We need to have more merchants accept it, we need to have more banks start to accept it, and more ATM’s and point of sale machines to accept it. The fact that on the most basic level Bitcoin is used as an investment is one of the main reasons people do not use it everyday. I believe that if BTC takes a role in everyday expenses, the adoption will explode.

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Quote from: yazher on June 01, 2022, 05:34:58 AM

You could do so because it will help the other people in your city recognize bitcoins as legit money because nowadays scammers and fraudsters abuse them by using them as a tool for their Ponzi schemes. You can also direct them to the topic here in case they have questions about bitcoin. You on the other hand are freeing bitcoin from those malicious activities. this might be a small thing but you can always start like this and then go big later as long as you know what you are doing.

I think this is enough information for them to know its basics.

Bitcoin basics

I do agree that making a good name for bitcoin is one of the best things you could do for bitcoin. After hearing about bitcoin in so much bad light, if you offered bitcoin as a payment option in a good shop for example, that would be something that will matter and I believe it will mean something and worth something.

That is why I believe that we should be focusing a bit more towards adoption in "cute" places. Like imagine small bakery that is famous for their cupcakes, that is a cute thing right? And imagine a bitcoin accepted here sign up at the front of such a cute place, that would help bitcoin if you ask me, definitely would help people out.

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Quote from: Mr.sprin on June 02, 2022, 12:55:11 AM

Accepting bitcoin at this time is very appropriate for those who want to store bitcoin in the long term because, almost everyone knows the price of bitcoin will rise again and only some people are willing to accept bitcoin when the price is high.

Then it turns that Bitcoin is just a good long term investment asset. What is the point of world acceptance, if everyone just aim to buy, hold and get rich? Why wish an acceptance, when no one can stop you from downloading Electrum and buying some Bitcoin? What about everyday usage then? Everyone still connect Bitcoin to USD. Everyone wants to buy, hold until price goes extremely high, sell to fiat and spend it. That is the problem. Only few want to convert fiat to BTC and use it in everyday expenses.

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Accepting bitcoin at this time is very appropriate for those who want to store bitcoin in the long term because, almost everyone knows the price of bitcoin will rise again and only some people are willing to accept bitcoin when the price is high.

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Quote from: ChiBitCTy on May 25, 2022, 07:42:06 AM

I don’t have a business where I accept (or don’t accept) bitcoin but I think now is no different than any other time. Bitcoin has always has a level of volatility that I don’t think now is really any difference than any other time. Bitcoin could just as easily go up right now as it could go down.

Volatility is its nature so expect that there will always be volatility regardless of the current value of bitcoin. And asking if this could be a good time to accept bitcoin, it depends on how your perceive it. But if you are thinking for future profitability, accepting bitcoin and owning it is always a wise move for a smart investor. Its price may currently be very low this time but knowing bitcoin's value appreciates, so its good to own and hodl it for some time before you start thinking of selling it.

Topic: Is it a good time to start accepting BTC? - page 3. (Read 1708 times)