Is it a good time to start accepting BTC? - page 4.

Nrcewker

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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 on the source you receiving the coins from.
If you are receiving your Bitcoins from someone trusted, then accept it directly, no need of use of mixer.
Regarding accepting Bitcoins , yes I accept Bitcoins, no matter what’s the price is.
I have known the capacity of Bitcoins, as it is limited in supply. So gradually today or after 1 year the price will increase.
Moreover Bitcoins have already shown it’s true potential when from suddenly rising from 10k usd to 70k usd.
So yes there is no perfect time to accept Bitcoins. Whenever possible buy or mine them.

arwin100

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Quote from: MiF on June 01, 2022, 05:00:53 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!

Bitcoin is now 31k$ at price so there is no harm on trying to accept it because it is low price this time it is low risk than any other coins in crypto and i think we can surely earn if btc market back to bullish again. Accept bitcoin today before its too late, bitcoin change everytime and so unexpected very surprising and exciting specially during to bear market so i suggest to buy and hold for now and wait for bullish market and enjoy your earning soon.

$31k is quiet low compare seeing the price last year on bitcoin so maybe we can still say that its safe for starting up merchant to accept this because they might see more better result once bitcoin recover backs or hit more huge figures in future. Also this will be beneficial for merchant to accept this because curiosity will start to build up and they might be drag to the hype of bitcoins once its fame spread to their neighborhood also in global markets.

yazher

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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

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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!

If your business could survive the volatility (If in case you're hodling them), then I can say 100% you're good in accepting Bitcoin.
If you accept Bitcoin and then convert it to fiat immediately to avoid volatility and you're only doing this for you and your customer to experience transacting using crypto or Bitcoin, then it's also a good initiative.

Nevertheless, there might be like few people whos willing to pay their precious Bitcoin for a product, goods, or services. So, I think it's always a good choice in accepting Bitcoin especially that we are in a bearish season today.

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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 now 31k$ at price so there is no harm on trying to accept it because it is low price this time it is low risk than any other coins in crypto and i think we can surely earn if btc market back to bullish again. Accept bitcoin today before its too late, bitcoin change everytime and so unexpected very surprising and exciting specially during to bear market so i suggest to buy and hold for now and wait for bullish market and enjoy your earning soon.

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Quote from: bakasabo on June 01, 2022, 03:08:27 AM

In addition, with following continues price drop, Bitcoin does not look like a very reliable payment option for some people. The fear of loosing payment power scares people from acceptance.

if you could remember as well that when bitcoin was at it all time high of $68k many people still don't find the interest to invest but rather assume its a sort of scheme that can't be phantom at, the whole ideas lies in the personal interest and approach each individual give to it and how government as well make the claim on it as an investment asset and currency, even though bitcoin cannot be altered by government or private bodies but their impact could as well encourage the public towards mass adoption, as at now, the youths have decided to accept bitcoin as their major currency not minding what the government said because they have found an answer to their economic challenges in bitcoin which government couldn't, everyone is liable to accept and make payment in bitcoin and is legal.

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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!

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.

Henrobakkara

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Quote from: bakasabo on June 01, 2022, 03:08:27 AM

Quote from: ?? on ??

The question has been relevant for eight years. It's never too late

I agree that it is never too late, but I believe first we need to clear Bitcoin reputation. Until part of population think that Bitcoin main purpose of usage are shady schemes, buying illegal stuff in darknet, tax avoidance and scam, acceptance of Bitcoin has a huge question mark next to it. In addition, with following continues price drop, Bitcoin does not look like a very reliable payment option for some people. The fear of loosing payment power scares people from acceptance.

I believe your last point which is Bitcoin price volatility is more troublesome with Bitcoins acceptance whether is for Services or goods payment because even I don't see the other listed problem you started as anything cos I know I am not involved in those even if they cannot be ruled out, still will find it difficult to accept it for payment unless we are in a BULL market Grin

That is why I am still all in on Bitcoin regardless of what is associated with it.

bakasabo

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Quote from: ?? on ??

The question has been relevant for eight years. It's never too late

I agree that it is never too late, but I believe first we need to clear Bitcoin reputation. Until part of population think that Bitcoin main purpose of usage are shady schemes, buying illegal stuff in darknet, tax avoidance and scam, acceptance of Bitcoin has a huge question mark next to it. In addition, with following continues price drop, Bitcoin does not look like a very reliable payment option for some people. The fear of loosing payment power scares people from acceptance.

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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 accept bitcoin because is bad you accepting it now, bitcoin is currency that someone is not suppose to waste to have it. Because it appreciate often and it depreciates often but according to what you have as decision will tell you if really you will accept it or not. Because for cryptocurrency and for you to profit you will decide for yourself not from what friends and information you have from social media all about. If you have make up mind to accept Bitcoin let be directly to your wallet

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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.

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Quote from: Smartvirus on May 30, 2022, 02:28:35 PM

In my opinion, I think now is about the best time for anyone to accept or buy bitcoin. We are still in the bearish market and out of sentiment as I've got no proper analysis to back it up at the moment, the market is consolidating and the bulls seems to be gaining a little momentum hence, it is naturally expected that there would be a breakout and the bulls would push through towards a bullish direction.

Be the as it may, you might want to have some predictive ability about it in order to preserve the value of your coin if your receiving it in purchase for goods and perhaps just transfer to usdt but, when that is not the case, you can receive and hodl. Even as a merchant, you can hodl except you've got an urgent need that would require your replenishing of your goods. Either way, there ways to guide against them loses and your coin loosing value.

If you're thinking about long-term profits, then yes, this is the best time to start accepting Bitcoin as payment method. But not every merchant thinks the same way as you do. Most merchants need the money right away to pay for bills and other life necessities, so accepting an unstable cryptocurrency such as Bitcoin wouldn't be a viable option for them. Unfortunately, volatility and legal issues limits Bitcoin's ability to be accepted worldwide. Regulated stablecoins and CBDCs are a much better option, but they do come with centralization risks.

At least, the number of people using Bitcoin is slowly growing each day. As long as the cryptocurrency remains useful, nothing else matters. Just my opinion

n0nce

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Damn, this derailed into a full-on price discussion and opinion thread.

Accepting doesn't necessitate holding. You can accept Bitcoin and instantly exchange for Liquid-USD stablecoin or something like that if it suits you better.
In that sense, it's always a good time to start accepting BTC. There's not much more to this when it comes to the original question; I'm wondering how you guys filled 5 pages with such a simple (and simple to answer) question.

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Quote from: Kasabus on May 31, 2022, 05:30:38 PM

If you believe in the real potentials of bitcoin, i think it will never be a wrong move to start accepting bitcoin either as a payment or from someone who knew you well.

Thinking that Bitcoin will recover and get bullish back again during the next halving, likely, it was the best time to start running a business accepting Bitcoin or potential altcoins like ETH and BNB. But, it was a big question if people are spending their Bitcoin this time knowing that they also holding their coins during the bear season. I think we don't just focus on accepting Bitcoin or cryptocurrencies alone but just consider this as another option.

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Quote from: topman21 on May 30, 2022, 06:52:47 PM

Maybe this is the last time to accept Bitcoin. According to various experts, Bitcoin will soon go to $100K.But one day Bitcoin will be within $100k.Those who want to invest can buy and invest in Bitcoin right now.

How do you know this is the last time accepting BTC?
Sure, BTC is likely to reach $100k if we consider how BTC price rises from one bullrun to another bullrun (ATH history). Many experts believe BTC price will pass $100k in the next bullrun. But the next bullrun should be in 2025 if we count it based on BTC bullish cycle every 4 years. So, we still have around 3 years (2022 - 2024) for the bearish. Before the next ATH, BTC price is very possible to drop more. During these 3 years (bearish), we still have many opportunities to accept BTC or buy BTC. Too hurry to say, "it's the last time".

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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!

If you believe in the real potentials of bitcoin, i think it will never be a wrong move to start accepting bitcoin either as a payment or from someone who knew you well. Once your intention is to hodl it and only sell when there is a reaonable price to sell, i guess it will be very heplful a lot since you will make big amount of profits out of long term hodling. Also, it could be a reserve funds for emergency cases, so its always a win-win scenario if you have bitcoins to own and hodl.

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Quote from: molsewid on May 30, 2022, 05:29:51 PM

Quote from: dlightag on May 30, 2022, 08:49:06 AM

Bitcoin is a universal digital currency, which can be accepted across the universe as a means of payment to your business and it also determine the size of your business, and is good a one, but always know that Bitcoin (BTC) has a high volatility which can be appreciate or depreciate at any given time.

Yes I do agree, that's why I am thnking why does the ts ask us about the perfect time to start accepting bitcoin when it is always good to accept bitcoin? But maybe if he going to accept it, he needs to learn the volatility of course, maybe he needs to convert it to stable coins? if he will start accepting bitcoin now and not convert it is still good since bitcoin price will be up again sooner or later for sure.

It's important to exchange part of the profit made through payments received in bitcoin to a stable currency as soon as he receives it in his wallet to guarantee he is going to have money to re-invest on his business and make another round of profit. Only liquid revenue must be kept in BTC and only if he isn't going to need this money on short run for daily outgoings or emergency purposes.

keeping a reserve in fiat for acquiring raw materials, paying for the business' expenses in general and upgrading the store is necessary to not be surprised by market's bearish seasons and crashes. But the rest of the money can be stored in bitcoin without any problems.

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Quote from: Finestream on May 31, 2022, 04:50:06 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!

It's always an advatantage for us if we do store a lot of bitcoins in our wallet, so yes its always a good time to start accepting bitcoin. Especially at this bearish market, accepting bitcoin like if you have a physical store is certainly a wise move because you will only buy them at a lower value, but you know that when the market turns to bullish, eventually all those bitcoin you have will have a huge value and definitely you will gain high profits if you decide to sell them at their new ATH. So always think for long term benefits and start accepting bitcoin now.

For running a business then majority will really be minding on accumulating fiat as much as they could but for some whom do mind off with some other source of income specially in long term might consider on adding up bitcoin into their portfolio but not all would really be that open minded when it comes to bitcoin where some do still doubts its potential and do decide to stick into those typical fiat payments.
So in speaking with acceptance of bitcoin then it would vary on a certain person specially business owners yet its up to them if they do want to get some btc or not.

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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's always an advatantage for us if we do store a lot of bitcoins in our wallet, so yes its always a good time to start accepting bitcoin. Especially at this bearish market, accepting bitcoin like if you have a physical store is certainly a wise move because you will only buy them at a lower value, but you know that when the market turns to bullish, eventually all those bitcoin you have will have a huge value and definitely you will gain high profits if you decide to sell them at their new ATH. So always think for long term benefits and start accepting bitcoin now.

Benzzle

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Always a good time to accept bitcoin as a payment method. I used to do this with my food stall in 2020 and keep doing it.

Topic: Is it a good time to start accepting BTC? - page 4. (Read 1708 times)