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Topic: Is small business ready to sell for cryptocurrency? - page 10. (Read 4984 times)

sr. member
Activity: 1456
Merit: 267
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Too many middle-aged people do not know how to use cryptocurrency and listen to the government that crypto is bad. This greatly hinders the development of any business through cryptocurrency. The time for this has not come yet.

Middle-aged people are interested in the cryptocurrencies more than the other groups of the population. Elder men do not have enough energy to trade and work with crypto, the young generation cannot find time for it.
I agree middle-agers are the one who can fully understand the system, they can adjust and learn things around their society, it's all about how
people who have good knowledge about this system will approach them and try to convince them to study and take advantage of this new way
of cryptocurrency, with good guidance and shared information they will easily adopt and use the system.
sr. member
Activity: 882
Merit: 250
Too many middle-aged people do not know how to use cryptocurrency and listen to the government that crypto is bad. This greatly hinders the development of any business through cryptocurrency. The time for this has not come yet.

Middle-aged people are interested in the cryptocurrencies more than the other groups of the population. Elder men do not have enough energy to trade and work with crypto, the young generation cannot find time for it.
sr. member
Activity: 2380
Merit: 357
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?

People knows cryptocurrency now than before and im sure there are a lot of people that are willing to have crypto as their only mode of payment. We need to influence people to have a crypto account then after that, you dont need to motivate them since they are already aware of its uses.
hero member
Activity: 2478
Merit: 644
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Well making some small business was not bad ill think this is a good way on how to earn more in crypto. We can make business buy selling some items a the pay was crypto like bitcoin or etherium and any related of crypto.

Yeah, it is a good idea, and most of the members who are working on bitcointalk they are already doing it, we could see the marketplace here most of the threads are here who sell their things and earn crypto currency. It is a good business but not in a huge level people are doing it.   
full member
Activity: 980
Merit: 114
I will accept cryptocurrency in my business because of the benefits the cryptocurrency gives to my business, first of all if cryptocurrency is use as a payment for good and services render by my business the are ways I benefit from that and even the customer's also will benefit because there is low fees on the transactions and always secured no bank involvement and no delay in transactions and me as the receiver will have my payment on a chain that offer automatic interest on my payment either negative or positive and can receive payment from any where in the world.
full member
Activity: 688
Merit: 101
selling goods using payment services using cryptocurrency is indeed very profitable but certainly has a huge risk. because every value in the market can change so fast that we must be able to bear the risk of loss if the market price movements decline very sharply and not comparable to the price of goods we sell in general
Small Businesses shouldn't rely on the price accumulation of the BTC to say its a profitable business.
Instead they should rely on the profitability of their actual goods or services selling operation.
sr. member
Activity: 1792
Merit: 264
selling goods using payment services using cryptocurrency is indeed very profitable but certainly has a huge risk. because every value in the market can change so fast that we must be able to bear the risk of loss if the market price movements decline very sharply and not comparable to the price of goods we sell in general
legendary
Activity: 3234
Merit: 2112
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There is also not so much people who will like to spend bitcoin on shopping

It depends on the amount. Buying a house or a car with BTC now is madness considering how low the price of BTC is. But regarding buying something worth $5-$10, why not? Shop and cafe owners who provide this opportunity are doing the right thing. In reality maybe one or two buyers per month will use BTC on their location, but they will be talked of as those who accept crypto, and it will be to their advantage because it's a good publicity.
full member
Activity: 1400
Merit: 115
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Probably, I will put my shoes on the seller.
So if the seller has a knowledge more about cryptocurrencies and confident enough to accept the risk of the volatility of the price, then why not?
The pros of it is convenience of buyer's payment. A conservative business owner might not incorporate that methods yet.
to enter the method requires understanding, for the small business you mentioned, indeed they can save it and will get more income. but for the rotation of their business to stay alive, I think that is difficult
full member
Activity: 688
Merit: 101
Probably, I will put my shoes on the seller.
So if the seller has a knowledge more about cryptocurrencies and confident enough to accept the risk of the volatility of the price, then why not?
The pros of it is convenience of buyer's payment. A conservative business owner might not incorporate that methods yet.
hero member
Activity: 2646
Merit: 651
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People can and are ready to sell products for cryptocurrency. But there is one very important problem that hinders this. The government does not recognize cryptocurrency, and this makes it impossible to sell for cryptocurrency.

In what country you are living ?  Only few left that does not allow cryptos but the rest are now hundred percent legal to use cryptos  but theres still lots of problem that we must face  . few are , the volatility  .  cryptos are volatile and the prices can fluctuate from time to time .

 
Buddy, you're wrong when you said only few government left that does not allow crypto currency or legalized it because the last I check the number of the governments that are yet to support crypto are so many but I wonder were you cmger the news about your footless confirmation.
member
Activity: 372
Merit: 10
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 their motivation to start a business in crypto is the good price in the market now. And I think there's some merchandise now that use bitcoin or cryptocurrency as payment methods to their businesses. And it's good to know that people are looking forward to adopt the cryptocurrency to use in their business.
sr. member
Activity: 1386
Merit: 283
Well making some small business was not bad ill think this is a good way on how to earn more in crypto. We can make business buy selling some items a the pay was crypto like bitcoin or etherium and any related of crypto.
full member
Activity: 1316
Merit: 108
If you don't want to innovate, you can be sure to be left behind, bitcoin is already popular and widely used for direct or online transactions, the presence of bitcoin certainly helps the business small to go international.
You probably are not an entrepreneur yourself and have no idea about running a business. First of all, there are strict financial statements in business. Reporting is not on the fingers, and not on the link of the blockchein protocol, where you conducted thousands and tens of thousands of transactions in the process of running your business. Tax authorities need to provide real documents on which they could calculate your profit. Such documents are now given by banks, where business structures are serviced. If you do not provide such documents to the tax authorities, then you will be fined so that your business will be unprofitable.
The second point is the high price volatility of cryptocurrencies. Business must be predictable. If business structures use cryptocurrency, it will no longer be a business, but a roulette game where you can either win or lose. This business is not engaged. For this there is a casino.
Well said. In order for business structures to start accepting cryptocurrency, at a minimum, it needs legalization by the government, after which all government agencies, including tax authorities, should receive certain instructions on how to use cryptocurrency in practice.
There are many examples when enterprises, especially in trade, first began to accept bitcoins or other cryptocurrency as payment for goods, and then refused to do it because of organizational difficulties and especially because of its high level of price volatility.
full member
Activity: 966
Merit: 104
If you don't want to innovate, you can be sure to be left behind, bitcoin is already popular and widely used for direct or online transactions, the presence of bitcoin certainly helps the business small to go international.
You probably are not an entrepreneur yourself and have no idea about running a business. First of all, there are strict financial statements in business. Reporting is not on the fingers, and not on the link of the blockchein protocol, where you conducted thousands and tens of thousands of transactions in the process of running your business. Tax authorities need to provide real documents on which they could calculate your profit. Such documents are now given by banks, where business structures are serviced. If you do not provide such documents to the tax authorities, then you will be fined so that your business will be unprofitable.
The second point is the high price volatility of cryptocurrencies. Business must be predictable. If business structures use cryptocurrency, it will no longer be a business, but a roulette game where you can either win or lose. This business is not engaged. For this there is a casino.
member
Activity: 980
Merit: 62
Not at all, in my opinion a lot more need to be done before small businesses can use what they are accustomed to in every day life with crypto.

example integration with accounting software for wallets

currently most accounting software allows direct integration with bank account no such things for crypto with whats gone in and out.

How is this connected with the investors decision and the fact that they are going to sell their cryptos or not?
Do you mean that if they are to sell them, they should sell them in return of products that are going to be acquired from the companies?
I like your idea though about the integration of crypto wallets in accounting softwares.
legendary
Activity: 2982
Merit: 1028
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's the potential of crypto. Because this is a very good time to businesses hold the coins. We have not yet escaped the economic downturn. We are at a recovery level and other businesses are trying to pay with BTC or ETH to get a great interest rate after 1-2 years.
The interest and knowledge of business owners will allow them to accept transactions between their goods and bitcoin, crypto volatility is the major factor why merchants are having issue adopting this chain, without proper knowledge they will be afraid losing money if the market fluctuates against them, but f they have enough idea that time also will come that pumped will add more profits, it's just need to build strong foundations and trust.
jr. member
Activity: 39
Merit: 2
Not at all, in my opinion a lot more need to be done before small businesses can use what they are accustomed to in every day life with crypto.

example integration with accounting software for wallets

currently most accounting software allows direct integration with bank account no such things for crypto with whats gone in and out.
Pab
legendary
Activity: 1862
Merit: 1012
It is very much depend where
Small business can have problems to manage bitcoin
They can accept bitcoin through services like coinpayments etc but  they will receive fiat
There is also not so much people who will like to spend bitcoin on shopping
hero member
Activity: 2870
Merit: 574
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Actually, I don't have any idea for this. Maybe they are ready to sell for cryptocurrency but maybe they are not ready. The point is if the small business ready to accepting the cryptocurrency, then they will try to use the other payment method than to use Paypal, Credit Card, Debit Card only in their website or offline store.
We can try to motivate them to use cryptocurrency because we have so many coins in the cryptocurrency that will suit for the payment method and we don't have to use bitcoin only.
If the customer doesn't want to wait for a long time, then they can use dogecoin, litecoin or the other fast transaction coins while they can use bitcoin too.
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