Is it a good time to start accepting BTC? - page 9.

ABCbits

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

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?

If your main concern is volatile Bitcoin price, you could either find custodial Bitcoin payment processor which automatically convert received Bitcoin to fiat or exchange it frequently. While there's no bad time to accept Bitcoin, i would recommend you to research how much your customer wants to pay using Bitcoin.

livingfree

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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.

The price of bitcoin has always been volatile, so if that's worrying you, you'll keep worrying because that will always change and the characteristic of bitcoin being like that will never change.

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

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 worth it to receive bitcoin as a payment. Whether it's for products you sell, services or just a gift. You should practice receiving it directly on your wallet because that's how it goes, there's no one that should receive it for you even you use an address from an exchange, it will still count as your receiving address.

But technically, you don't own your bitcoin there if it's a centralized exchange because you don't hold the key.

LoyceMobile

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

Those who accept Bitcoin - is it worth it?

Yes.

Quote

And do you accept Bitcoin straight to your wallet

Yes.

Question for you: what do you want to accept Bitcoin for? It's a payment, and you can exchange it. I could accept payment in any form, as long as I can convert it into something I want. Bitcoin works, euros work, dollars work.
If you mean accepting and keeping it, it's only a good idea if you can afford to risk price drops.

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

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?

If you use a third party service and you get fiat then I guess you already have nothing to lose, although such services may be more and more avoided by bitcoiners because of the ever growing KYC requirements.

If you decide to keep the coins yourself or exchange (parts or all) yourself then the recommended software is BTCPay server, but that's about investing and it's a decision you have to make for yourself. Also in this case you have to find out how will the accountancy look like.

However, it's said that it's always the good time to start with bitcoin.
Whether it worth it or not? It's hard to tell, it may depend on each and every one's goals.

Whatever is your choice, good luck!

mocacinno

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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!

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...

BroganWessex

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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!

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