Pages:
Author

Topic: Is small business ready to sell for cryptocurrency? (Read 4984 times)

sr. member
Activity: 854
Merit: 264
Crypto is not a religion but i like it
It depends on the state where this business is located and what this business is doing.
If the status of crypto in the country is legal/at least gray, then any small shopkeeper with hot dogs or some other food or clothes or something else can safely use crypto.
Well, we also need a demand and good payment gates for this. If there is no demand , then there will be no motivation to use such opportunities.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
I have small Business and i start accepting Bitcoin 2 years ago and i must admit that here there are only limited people that Knows and use Bitcoin and other cryptocurrency that is why i only gather small amount of crypto for that almost 2 years of operation.

But i am not losing Hope because i know that soon when adoption starts happening from the Big countries all my waiting will be awarded and people will purchase using crypto and this is soon to come.
full member
Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
It only happens when that small business wants to hoard crypto at a specified time. I actually bought computer parts at a private store, the first time they received payment when bitcoin was at $ 6k3. 1 month later I needed to buy a GPU and he didn't receive any more bitcoins. so I conclude that the demand for crypto payments is there but it depends on the needs of the person. It seems that Bitcoin's fluctuations are quite frightening, and they never want to pay with bitcoin anymore. That is the weakness of bitcoin in particular and cryptocurrency in general.
I don't think that only those Hoarder will benefits from this because we are now 2020 and not 2018 mate people are
now ready to accept or sell their products in return for cryptocurrency specially Bitcoin mate and the Only problem is
the availability of crypto in each places I mean if the country we are staying
is accepting or not Banning  Bitcoin then
i thing the market will starts to Buy or sell with the presence of Cryptocurrency .
full member
Activity: 504
Merit: 100
Option Blitz
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
It only happens when that small business wants to hoard crypto at a specified time. I actually bought computer parts at a private store, the first time they received payment when bitcoin was at $ 6k3. 1 month later I needed to buy a GPU and he didn't receive any more bitcoins. so I conclude that the demand for crypto payments is there but it depends on the needs of the person. It seems that Bitcoin's fluctuations are quite frightening, and they never want to pay with bitcoin anymore. That is the weakness of bitcoin in particular and cryptocurrency in general.
full member
Activity: 395
Merit: 100
Market Integration Platform
no problem at all if you always correlate it with dollar plus some percentages than it's totally fine 
hero member
Activity: 2478
Merit: 621
Leading Crypto Sports Betting & Casino Platform
I know that it is a process that is already going on for the adoption of bitcoin. The challenge that I see for small businesses is on transaction fee. We do know that the fee for bitcoin transaction is sometimes higher than usual and this is a challenge for small businesses.
hero member
Activity: 1750
Merit: 720
Top Crypto Casino
Small businesses are not ready yet. There are many reasons. The main reason is that bitcoin is not yet legal in countries. Because of this, the business company could not accept bitcoin even though they wanted it. Many small businesses have tried to accept Bitcoin but now it is very difficult. If there is regulation there is a chance. You will not be able to accept Bitcoin in your business even if you want to. Unless the government of your country validates Bitcoin. The way Bitcoin is spreading around the world may not be long before all the big business companies that accept Bitcoin. I look forward to that day.
hero member
Activity: 1106
Merit: 503
BabelFish - FISH Token Sale at Sovryn
The problem with this implementation is that small businesses wont be having a bigger investment so they will not be able to sustain a loss if the coin is dumped or even the ability to hold the coin for some time until the price comes back up. If you convert the coin as soon as you get it to your local currency then they might agree to accept it.
legendary
Activity: 1120
Merit: 1000
I don't think they're ready, even if they're ready the community is not ready, yup less adoption. There are still many people who do not know what crypto is, and how to transact with it still confusing for some people, besides that there are still many competitors who offer the best features comparing to crypto such simplicity and the fee. And don't forget about the regulation, some countries can't use crypto freely due to the regulation.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I think that it depend on individual awareness and government regulations on crypto in various locations.
I don't feel like most "small businesses" are ready to take on their daily lives with cryptocurrency-backed purchases. Cryptocurrencies are no stranger to high volatility levels that could drastically change the prices that they may put in their counters. If in any case they will however, they might put some allowance on the prices of their goods which you could otherwise just buy with fiat in a much lower price. So until the issue with volatility is fixed, the latter will be the only viable option these businesses can take on.
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
Please do consider the rules and laws of your country first about cryptocurrency because we all know that some countries does not allow crypto do be part of their business. But it will for surely gonna be good since it is digital that provides a good transaction speed. It will gonna have a huge impact to the income of the business if it will be implemented or accepted.
sr. member
Activity: 910
Merit: 255
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I can talk only about my country and my city. To be honest they are not ready yet. But they will get ready sooner or later. It is a fact that nobody can escape. crypto is going to dominate traditional financial system soon.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I think that it depend on individual awareness and government regulations on crypto in various locations.

It's influenced the most in terms of services, when government accept and adopt this system it will bring trust and interest from small
businesses to use it and adopt as well. But since there are still a lots of discussions and positions regarding to this matter most people
including small business still keeping away from this chain.
newbie
Activity: 35
Merit: 0
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I think that it depend on individual awareness and government regulations on crypto in various locations.

There is so much more about it than people's awareness.
Recently NYC's govs made small business to take cash as well as card/google pay/apple pay etc
So there were businesses who rejected clients with cash and govs stopped them from doing it.
I mean we can't get rid of cash so it gotta be impossible to hop on cryptocurrency.
But there is a small chance that we'll succeed to add crypto as an option some day
sr. member
Activity: 882
Merit: 269
What kind of reasons can motivate people to start a crypto business?
It depends on the mindset of the owner of the business towards crypto currency. Investing in crypto currency is good but, is also risky; regarding with its nature of being volatile. I think if the business owner would consider the possibilities of earning profit he might have by investing in crypto currency he would more likely to use it and exercise investing in the crypto world. In additional, it also depends on the governing bodies where the business owner is; the laws and regulations that are being implemented in the area would affect the decision of the owner. The nature of the business is also a key reason to involve crypto currency in the business if it would be a better income for the business owner.
Yes very well said, investing crypto currencies are really good but risky sometimes because of its volatility. As a trader you should expect the unexpected due to the crypto currency's volatility today the price of it can rise but tomorrow is another story co'z it can fall. There is no certain season for the crypto currency to say if it is the season of earning a big amount or not. 
full member
Activity: 574
Merit: 108
What kind of reasons can motivate people to start a crypto business?
It depends on the mindset of the owner of the business towards crypto currency. Investing in crypto currency is good but, is also risky; regarding with its nature of being volatile. I think if the business owner would consider the possibilities of earning profit he might have by investing in crypto currency he would more likely to use it and exercise investing in the crypto world. In additional, it also depends on the governing bodies where the business owner is; the laws and regulations that are being implemented in the area would affect the decision of the owner. The nature of the business is also a key reason to involve crypto currency in the business if it would be a better income for the business owner.
full member
Activity: 602
Merit: 100
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I think that it depend on individual awareness and government regulations on crypto in various locations.
hero member
Activity: 1974
Merit: 575
 There are tons of "small business" that both deal with selling crypto (and buying) plus dealing with crypto as well. As in there are exchanges for example like currency exchanges where you give them dollars and they give you euros etc etc type of exchange office who started to do deal with bitcoin as well, you go there and give them bitcoin and they give you that nations fiat currency, its really a big big improvement for the touristic purposes for sure. On the other hand the number of places that accept bitcoin increased as well, like you go to a cafe and order a coffee and you can end up paying in bitcoin, its still not common but compared to 3-5 years ago, those places increased in number a lot.
full member
Activity: 1022
Merit: 133
A lot actually. Because if they start to know about how Bitcoin is going to go up soon and if they have ye courage to take the risk with a hope of profit then they will be hugely rewarded.
sr. member
Activity: 1071
Merit: 253
Actually it's nothing wrong with the crypto market.but many of them face some challenges. The government of many countries couldn't accept bitcoin yet legal.banks from many countries still don't endorse it.crypto small business good ways to get extra money but if your country account in the crypto industry.


In some countries, people don’t consider crypto safe to store that’s why they don’t like to convert their business into crypto. We should trust the ability of bitcoin and another crypto that we should sell our miner business to start a crypto investment as your businesses can give you profit but investing in crypto will give you the highest profit. Crypto is better than having a low potential business.
Pages:
Jump to: