Topic: Is small business ready to sell for cryptocurrency? - page 17. (Read 4984 times)
I think if we can educate them the advantages of using crypto instead of using fiat it will not take any longer to accept coins this small businesses like grocery stores or any food chains out there only proper education is needed but the problem in crypto within its scalability issues is not year clear as of the moment and companies are hesitant to use this technology for possible failure then lost of money.
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?
You know it will depending on how does the economic state of the one's country works. Here in our country most of the people here doesn't recognize Bitcoin and with that we can say that small business owners were not able yet to persuade Bitcoin due to that up to kow they were not aware of this community and how this will work.
For me, using cryptocurrency in a small business is just a "trick".
This can create additional advertising for your business, yes. But using cryptocurrency now (no matter what country you live in) is very inconvenient compared to standard payment methods.
Yes, its really incovenient for a store to accept cryptocurrency and maybe it will affect the liquidity of that store since it is just a small business. This is more compatible for a medium businesses that can afford to delay some profit and can take the risk of volatility. Though the idea of this one is ok for me i think this should be depend on the situation of the business owner.This can create additional advertising for your business, yes. But using cryptocurrency now (no matter what country you live in) is very inconvenient compared to standard payment methods.
We see it ,that it is not suitable for small business , but this is only hard for this season , but when the season get rise this could also benefits even the small business, because of its high rise value , In business if the small enterprise feels that the crypto is low price ,then adjust to fiat money price and leave behind cryptos and do not accept as of this time for ,its losing capital if it continue to receive crypto payments.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
For me, using cryptocurrency in a small business is just a "trick".
This can create additional advertising for your business, yes. But using cryptocurrency now (no matter what country you live in) is very inconvenient compared to standard payment methods.
Yes, its really incovenient for a store to accept cryptocurrency and maybe it will affect the liquidity of that store since it is just a small business. This is more compatible for a medium businesses that can afford to delay some profit and can take the risk of volatility. Though the idea of this one is ok for me i think this should be depend on the situation of the business owner. This can create additional advertising for your business, yes. But using cryptocurrency now (no matter what country you live in) is very inconvenient compared to standard payment methods.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
selling goods for Bitcoin is a very good idea but the UN stability of cryptocurrency will made the people do not trust Bitcoin for this type of business that's why people are very confusing to pick the value or to make the investment or selling products for Bitcoin but it changes soon.
That is why in the above message the solution is given, that the merchants can take the support from the online exchanges which immediately give them the fiat currency by converting their bitcoin, so that their risk is lowered and they can take benefit of crypto currency business to develop their business.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
selling goods for Bitcoin is a very good idea but the UN stability of cryptocurrency will made the people do not trust Bitcoin for this type of business that's why people are very confusing to pick the value or to make the investment or selling products for Bitcoin but it changes soon.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
For me, using cryptocurrency in a small business is just a "trick".
This can create additional advertising for your business, yes. But using cryptocurrency now (no matter what country you live in) is very inconvenient compared to standard payment methods.
This can create additional advertising for your business, yes. But using cryptocurrency now (no matter what country you live in) is very inconvenient compared to standard payment methods.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
Well people who will accept crypto as payments would already by well aware of that possibility i'm sure. I don't think a newbie crypto user would have the guts to trade wares for crypto.
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 the are many people out there who are interested to start their business on crypto, they are just afraid to apply it because they are in the process of learning. It is obviously hard to start a business that you dont know truly. Also business takes courage , long preparation, and good source of income. It is advisable to start your business at the time you already have a stable income like investments to support you financialy.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
The supply chain must accept BTC in order for it to become small shops' currency.
Also utility bills may present a cash flow problem since they can't be paid in crypto.
Mining operations are closing down due to the cash flow issue. Their revenue is 100% in crypto, but so far most real world bills are in fiat.
Also utility bills may present a cash flow problem since they can't be paid in crypto.
Mining operations are closing down due to the cash flow issue. Their revenue is 100% in crypto, but so far most real world bills are in fiat.
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?
Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
This is a very interesting topic for discussion. I think that small merchants at the initial stage can attract customers to themselves by the fact that, unlike other stores, they can pay in cryptocurrency. As is well known, additional concessions to the client often play a positive role in trading. In addition, the audience of cryptocurrency holders is constantly growing. First, it can be in the form of an experiment, and then as one of the methods of payment. If this experience becomes successful with small sellers, then at first other small sellers will begin to enter payment for cryptocurrencies, so as not to yield to competitors, then medium, and then large ones.
Allowing crytpocurrencies for payments can be helpful:
1) Only in some particular type of stores. For instance, in stores related to tech products it can be success as people there would be familiar with crypto and such payment options
2) In only those countries where crypto is legal. There are some countries where crypto is banned and thus such a payment option is of no use there.
This is a very interesting topic for discussion. I think that small merchants at the initial stage can attract customers to themselves by the fact that, unlike other stores, they can pay in cryptocurrency. As is well known, additional concessions to the client often play a positive role in trading. In addition, the audience of cryptocurrency holders is constantly growing. First, it can be in the form of an experiment, and then as one of the methods of payment. If this experience becomes successful with small sellers, then at first other small sellers will begin to enter payment for cryptocurrencies, so as not to yield to competitors, then medium, and then large ones.
It will not only benefit the small shops but it will also give confident to the crypto community as when they will see their coins being used by the merchants then they will start to take more interest in their coins and will stay with their coins to support more.
No matter how small or large the business is as long as it complies the requirement to do business with bitcoin, then it is ready to sell cryptocurrency, the most important thing in cryptocurrency business is the adequate and strong supply of internet access ,this is important for it is the process of making cryptocurrency transactions.
For the moment it seems not.
The volatility is too great, the accounting difficulty immense, and however few are willing to "use" the bitcoins, and prefer to speculate.
But if the market stabilizes, maybe things will improve.
The volatility is too great, the accounting difficulty immense, and however few are willing to "use" the bitcoins, and prefer to speculate.
But if the market stabilizes, maybe things will improve.
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?
If your business is still a small business then it will be best for you if you don’t try that. If you’re into buying and selling you will need the money you have made from the sold goods to buy more and replace the space,. If you’re accepting cryptocurrency, don’t be surprised you finish selling and by the day end of the day the price will drop and you will find it difficult to buy good again. It’s all your choice though.I believe any level of business can adopt cryptocurrency because cryptocurrencies are here for the reason of supporting small businesses especially with the reason of, it does not cost big for initial setup.
Jump to: