Topic: Is it a good time to start accepting BTC? - page 8. (Read 1708 times)
Does it cost you much to start accepting Bitcoin? If you pay once to set it up and then it just works, then the sooner you start accepting Bitcoin - the better, because it would increase your sales, even if by a small margin. But if there are maintenance costs, then you might indeed consider delaying the launch. The best way to make this decision is to ask businesses that accept Bitcoin in the same sphere about their Bitcoin volumes during bear market.
When you accept bitcoin directly into your business, you're eliminating the third party service provider. In most cases it'll be the banks, for example a consumer pay you in fiat. The fiat gets received by the bank and it is processed and reflected on your account. This happens in a very short time period, but the intermediary have control over your funds.
When the transaction is done in terms of bitcoin, you control your account and holdings. Here there is no time period to start accepting bitcoin, because whether you start accepting bitcoin today or later you're gonna eliminate the third party involvement that's it.
When the transaction is done in terms of bitcoin, you control your account and holdings. Here there is no time period to start accepting bitcoin, because whether you start accepting bitcoin today or later you're gonna eliminate the third party involvement that's it.
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You might just need to adjust the price a lot since people are used to looking at the price of Bitcoin which is just normal as it is. If you can help yourself using non-web wallet, do it as much as possible so that you won't encounter any problems in the future since some web wallets are too strict with KYC that they might freeze your wallet at anytime and that is not going to be great in the flow of whatever business you're running. 
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!
Depends on you if you could able to bare the risk of volatility or not and as a business owner/merchant then most likely you would really be minding off about profits which should really be on that assured modeI 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!
or being stable thats why lots are really in doubt when it comes on accepting bitcoin or crypto as a whole due to that reason aside from regulation issues.If you could handle the risk then go ahead.
Some might be using those 3rd party provider which they do accept bitcoin and directly converted to fiat value or simple directly accepting it on your own personal wallet.
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!
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!
Depending on how you accept it, it's always a good time. You don't have to hold the BTC you receive, or you could hold only a portion of it in BTC. The preferred method of course is to hold it forever, but sometimes as a business you've got to cash out a little to pay the bills. I'd say to make a clear plan of what your goals are and then budget your BTC accordingly. Whether that's BTC from new sales or just BTC you're holding on your balance sheet.
Considering that most people here who works in the signature campaigns are paid in Bitcoins primarily I do think that am well qualified to answer this question:
1. Accepting BTC is not honestly a bad thing since the price crashes are not that sudden in a day it's more or so +2% or -2% thus if you are worried you can encash it in a matter of seconds and would be able to keep it in fiat.
2. You can also open your own wallet which means that it can be taken as a long term investment and it's not on the market, it's on you how far you want to hold
3. You can also trade and encash in so many currencies making it far more better for an international business as well !
4. If you want you can put 50% in an investment in Bitcoins and 50% you can encash and this dividing would decrease the chances of loosing everything if you are so scared of that.
1. Accepting BTC is not honestly a bad thing since the price crashes are not that sudden in a day it's more or so +2% or -2% thus if you are worried you can encash it in a matter of seconds and would be able to keep it in fiat.
2. You can also open your own wallet which means that it can be taken as a long term investment and it's not on the market, it's on you how far you want to hold
3. You can also trade and encash in so many currencies making it far more better for an international business as well !
4. If you want you can put 50% in an investment in Bitcoins and 50% you can encash and this dividing would decrease the chances of loosing everything if you are so scared of that.
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!
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!
Depends,
1. Are you just using it as a way to grow your % of bitcoin,
or
2. do you need the money to be used quickly to maintain the function of your business?
*If you can't afford an entire month with no pay, then you fall under option 2.*
If your answer is 1 , then straight to a wallet you control would be fine.
As you are prepared to hold thru any collapse in price verses fiat and don't need the income to maintain your business.
If your answer is 2, which for the majority of small business it will be,
Holding btc after a transaction is a dangerous position,
As a price collapse of btc verses fiat could turn a profitable business into a failure.
If you still want to offer accepting btc or any crypto, you need to use a 3rd party service that immediately converts to your local fiat,
that way you can accept crypto without worry of the price fluctuations destroying your business.
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!
How much time do you need to learn Bitcoin and understand all the ins and outs of bitcoin?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 are still in doubt, then there is no need to rush there is still plenty of time to match what you really need. If what you need or seek to benefit from is in Bitcoin then why not start with a small amount?
Everything also needs real action to find out whether it is good or not. As @mocacinno said if you don't find it suitable then you can swap it back to fiat. Maybe the soul of your investment is in another area.
Was there ever a bad time to start accepting bitcoin? It's an extra payment method. This means there are more customers who'll be willing to buy your products. For example, me. Whenever I want to buy something via the internet, I check if it can accept bitcoin instead, and if it does, I choose to. Even if I don't for some reason, I will feel a preference to that store; accepting bitcoin shows you respect my privacy.
If you sell products that don't cost a lot ($1-$50), consider accepting Lightning payments as well.
If you sell products that don't cost a lot ($1-$50), consider accepting Lightning payments as well.
It all depends on the business and the urgency to restock. If you urgently need to buy back for more sales, then I suggest you exchange your Bitcoin for fiat for that purpose. You can have a plan to keep some Bitcoin as a form of investment. The current bear market is the time to BUY, though you have to be cautious because the market can still move lower. Basically, having Bitcoin as an investment, just like any other investment, it is important to invest what you can afford to loose.
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!
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 it as what? A payment for something? I personally never invested but rather got payed in crypto a while back and decided to just keep it and see what happens. It really depends on your goals weather you want to get payed in btc or not, and it depends if this is just a one time thing or a long term commitment. All those factors come into play.
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!
I am wondering why you doubt this will be a cool time to accept Bitcoin. It's best appreciated i the dip. Although there is no right of wrong timing to transact in crypto but if you must accept crypto directly into wallet you should also be a good market analyst to know when to go stable since it's not an investment tool but a legal tender at the moment. But generally there is no bad time to accept Bitcoin in exchange for goods and services 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!
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!
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!
Changed so much as in ?
It's the same bitcoin as it was in the previous years and the only thing that's changing is it's price.
Right now is a great time to start accepting BTC because the price of bitcoin is low.
You will get more number of coins right now than what you will get when the price increases.
Those who accept Bitcoin - is it worth it?
it really worth investing and now is the best time to give a try on it, bitcoin is profitable if investment on a long run, it's incomparable to other cryptocurrencies, it's a digital decentralized currency for a good store of value and assets that appreciate with time, your privacy and security is never compromised while using bitcoin.
And do you accept Bitcoin straight to your wallet, or do you use third-party services?
it is better to make use of a p2p decentralized exchanges in procuring bitcoin and it is advisable for you to understand the difference between Centralized exchanges and Decentralized exchanges the wallets required to use for privacy and security of your coins whereby you have access to your keys is with the use of hardware wallets and you can as well read about Wasabi wallet and how to make use of bitcoincore with coinjoin for maximum security and privacy that gives you access to download the full blockchain and run a full node, don't ever make use of a centralized exchange in mistake for a centralized exchange because that is you giving the third party full access to your coins.
Bitcoin is money and it depends on what you are selling in your store and the platform at which you accept the Bitcoin, I know a shop that accepts Bitcoin but the only challenge used to be the price fluctuations since the shop sells groceries and receives a small amount in Bitcoin on some goods so sending the Bitcoin to exchange before converting to cash used to cost her extra cost, ever since the payment now go straight to an exchange address the conversion process is less costly and business is moving fine for her. So ultimately it depends on you what you want and how you want to go about it on a general note everyone will say Bitcoin payment is the best for a retail shop.
If you are worried about the current price levels, why didn't you integrate Bitcoin into your shop when it's value was over $60.000? I am joking, of course. 
What kind of business are you running? You need to ask yourself, would Bitcoiners and other crypto holders be interested in my products and services? Some marketing that your shop is accepting Bitcoin could also help. After that, you have to decide if you are going to keep the coins you receive or convert them immediately to fiat. Many shops use payment processors that convert crypto to fiat and that way they don't have to worry about the volatility. Besides the inflation that is already eating up your spending power.
What kind of business are you running? You need to ask yourself, would Bitcoiners and other crypto holders be interested in my products and services? Some marketing that your shop is accepting Bitcoin could also help. After that, you have to decide if you are going to keep the coins you receive or convert them immediately to fiat. Many shops use payment processors that convert crypto to fiat and that way they don't have to worry about the volatility. Besides the inflation that is already eating up your spending power.
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!
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 not for the indecisive. If you're in doubt just because the problems out there are temporary in my opinion, fix your mentality regarding Bitcoin long-term perspective. Don't compare it to a short duration as it's irrelevant for Bitcoin.
If you are aiming to invest then get to know them all, not because of the hype or the news at a glance. Your money means control is yours. Bitcoin does not have time to explain to doubters.
Receiving Bitcoin in the amount of $1 is much more valuable than receiving millions of Shitcoin. Because Shitcoin cannot offset $1 in Bitcoin.
Whether to choose third-party or P2P services depends on your own preferences and needs. It doesn't matter as long as the Bitcoins arrive in the wallet with the amount we ordered.
There is no perfect time to accept or not accept bitcoin, but now is the time to buy more bitcoin and not spend it because the price is much lower than what it was several months ago.
people do not tend to spend a lot of bitcoin and may prefer to pay with paper money if there is an option.
my advice to you
people do not tend to spend a lot of bitcoin and may prefer to pay with paper money if there is an option.
my advice to you
- Try adopting the Lightning Network to make the charges zero.
- Give discounts for Bitcoin.
- Do not convert those coins into cash and wait for several years.
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.
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!
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!
I guess it's never a bad time to start accepting bitcoin. I have setup a store that accepts bitcoin for somebody i know IRL and i help her quite often with the technical aspects.
If you have faith that bitcoin will sooner or later go to the moon, you can keep the btc... If you don't like the price fluctuations, you can sell it for FIAT after receiving it (or use a payment processor that takes care of this for you).
The site i set up uses btcpayserver, and i know my friend keeps the btc she makes... But again, that's completely up to you...
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