Is small business ready to sell for cryptocurrency? - page 3.

Faxmate

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Quote from: bdivrik on December 30, 2019, 10:25:05 AM

New businesses may want to use the advertising power of bitcoin. For example, if I opened a new business, I would accept bitcoin. Bitcoin already has a popularity. It would be ridiculous not to use it. We need to be close to new technologies.

with that strategy i think anyone's business would grow very soon, as we all know that bitcoin is known by very big population of the world, so people will come to know about your business at a large scale.
I think if i open my new business i would accept bitcoin not only for the advertisement but also for the sake of good profit for my business.

olumyd

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Quote from: bdivrik on December 30, 2019, 10:25:05 AM

New businesses may want to use the advertising power of bitcoin. For example, if I opened a new business, I would accept bitcoin. Bitcoin already has a popularity. It would be ridiculous not to use it. We need to be close to new technologies.

That's true, didn't even think of it from that angle - blending into technological advancements. Still, I perceive not many of them with such a marketing strategy can last long when they discover the intricate volatility that plagues the market.

bdivrik

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New businesses may want to use the advertising power of bitcoin. For example, if I opened a new business, I would accept bitcoin. Bitcoin already has a popularity. It would be ridiculous not to use it. We need to be close to new technologies.

supercanada1

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Quote from: Ayiranorea on December 27, 2019, 03:04:15 AM

Quote from: senin on December 26, 2019, 12:54:19 PM

In order to start using cryptocurrency in business, one desire and willingness is not enough. First of all, the relevant regulatory legal acts should be adopted in the state, which would regulate the procedure for using cryptocurrency to the smallest detail. Without this, any business can fall apart if the regulatory and tax authorities ask their questions and look for reasons to find violations and fine the businessman.
In addition, the high price volatility of the cryptocurrency is still an insoluble problem for business.

As mentioned small businesses fear of the volatility, but the same serves to get added profit for the business owners. Around the globe very few countries have regulated the usage of cryptocurrency and supported stores to accept bitcoin into their businesses. People too is a reason for the low acceptance of cryptocurrency into business, because people give importance on using cryptocurrencies into trading, gambling practices and not on daily needs.

Small business will start accepting bitcoin when big are going to do so. There is no doubt that the volatility of crypto currencies are being used for trading and gambling because in that scenario they offer them good profits. In business they need something which is stable in prices so that they it could be used as reference for buying and purchasing. I myself want to keep bitcoin as an investment.

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I dont think people are interested to do this mainly because of the fees and the time it takes to complete a transaction. There are coins which pass these negative points but they are not stable and dump or pump with BTC. So it gets hard to have profit after taking crypto as payment.

EdvinZ

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Quote from: Ilia5225 on May 04, 2018, 03:33:45 AM

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?

Acceptance of cryptocurrency as payment for goods and services is an additional advertising of a point of sale, or a salon for the provision of any services. Now there is a technical possibility to accept cryptocurrency and immediately convert it into Fiat money, avoiding the risk of fluctuations in the price of cryptocurrencies. More and more entrepreneurs are starting to accept cryptocurrencies and this is a good trend.

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Quote from: Savemore on December 27, 2019, 02:00:25 AM

Small businesses are not yet ready to accept cryptocurrencies because of the volatility. There are businesses before in my community that accepting bitcoin and it was the year 2017 when the price of the bitcoin achieve its all time high, most of them are happy to accept bitcoin because its value is keep rising; but now they stop accepting bitcoin as a payment because of its value that gradually decreasing due to the bearish market.

Volatile is the problem that cannot be prevented, to deal with it only by managing the velocity of money and it requires a lot of capital. Need extra funds to cover up when volatility occurs, small business will certainly have difficulty on this.
In addition, business regulation vary by country, regulations are also very influential.

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They would need representation and some good kind of proof or past evidences for them to really work on the idea. People set up stores for profit and it's a business but they would rather take fiat if they do it for a living unless they are thoroughly educated about crypto and how it can help them in future.

TitanGEL

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Quote from: Shasha80 on December 28, 2019, 07:03:35 PM

In my opinion why some people have not started a small business by accepting payments with cryptocurrency. The reasons are several
the state prohibits its citizens from using cryptocurrency as a payment. And the next reason is because cryptocurrency is volatility,
therefore a small business that we know has a small capital as well, so it is risky if forced to accept crypto as payment. But there are
already small businesses that try to run their businesses by accepting crypto as payment, even though the amount is still a little. Hopefully
in the future there will be more countries that legalize cryptocurrency, if this happens I'm sure there will be more business who accepts
payments with cryptocurrency.

There are laws that prohibits the businesses and merchants to accept bitcoin as mode of payment. It is one of the factors that stop the mass adoption. My friend from China want to accept bitcoin in his store but there is a regulation their that citizens and businesses cannot accept bitcoin as payment. In my country it is legal to use bitcoin but the thing is people are still want to use fiat than cryptocurrencies.

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Quote from: Ilia5225 on May 04, 2018, 03:33:45 AM

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?

The good thing to setup cryptocurrency on your online strore is that you can actually sell your stuff especially digital goods overseas with crypto, that you don't need to overthinking about fees and stuff. Also cryptocurrency is already well known in this world, so getting the customers are pretty easy.

Quote from: carlzec on December 28, 2019, 06:03:58 PM

I think it makes sense to own a company that receives Bitcoin payments. People are shifting their money to a new economic order. We need to go after capital.

Just be aware with the price and make sure to calculate it properly. Let's take a look at Steam, after of how was Bitcoin's price in 2017 they decided to delisted Bitcoin as their payment gateway because they are afraid of losing lots of money because of that.

Shasha80

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In my opinion why some people have not started a small business by accepting payments with cryptocurrency. The reasons are several
the state prohibits its citizens from using cryptocurrency as a payment. And the next reason is because cryptocurrency is volatility,
therefore a small business that we know has a small capital as well, so it is risky if forced to accept crypto as payment. But there are
already small businesses that try to run their businesses by accepting crypto as payment, even though the amount is still a little. Hopefully
in the future there will be more countries that legalize cryptocurrency, if this happens I'm sure there will be more business who accepts
payments with cryptocurrency.

carlzec

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I'm starting a new business soon. I'll probably accept payment with bitcoin. Paying with Bitcoin is now a requirement. I think it makes sense to own a company that receives Bitcoin payments. People are shifting their money to a new economic order. We need to go after capital.

Best Dreams

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Quote from: kotik085 on December 25, 2019, 10:33:19 AM

Quote from: binhvo1505 on November 22, 2019, 07:29:27 AM

Quote from: Ilia5225 on May 04, 2018, 03:33:45 AM

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 I had a store, I would have applied for payments in cryptocurrency. Because the cost of buying crypto in decentralized exchanges is very expensive and it can cost you more than 3% to buy it and it takes a lot of time.
But for this to happen broadly is difficult because many services are still not accepting crypto now and holding it is also a disadvantage. Instead of holding it, we can hold fiat money and deposit it and still earn interest every year. That's why many businesses have yet to push for holding cryptocurrencies.

In my country, there is a small cryptocurrency business where you can buy the cost of hashing bitcoin for rent. In mining hotels that offer their own power for mining Bitcoin. They can be attributed to small businesses, services that provide Bitcoin mining.

This is nice to see such service when you are interested in mining as people really wants to have mining places who provide their own power as most of time miner use to face power consumption problem for mining around the world. If they are getting such chances I think it will increase the interest of people for mining.

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Quote from: Ayiranorea on December 27, 2019, 03:04:15 AM

Quote from: senin on December 26, 2019, 12:54:19 PM

In order to start using cryptocurrency in business, one desire and willingness is not enough. First of all, the relevant regulatory legal acts should be adopted in the state, which would regulate the procedure for using cryptocurrency to the smallest detail. Without this, any business can fall apart if the regulatory and tax authorities ask their questions and look for reasons to find violations and fine the businessman.
In addition, the high price volatility of the cryptocurrency is still an insoluble problem for business.

As mentioned small businesses fear of the volatility, but the same serves to get added profit for the business owners. Around the globe very few countries have regulated the usage of cryptocurrency and supported stores to accept bitcoin into their businesses. People too is a reason for the low acceptance of cryptocurrency into business, because people give importance on using cryptocurrencies into trading, gambling practices and not on daily needs.

in a small business, it means they use a small capital, while their raw materials use fiat as a means of payment. if the price of crypto rises, I don't think it's a problem, but if the price of crypto drops dramatically, then they can't shop for the raw material

Janation

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Quote from: sayaya17 on November 22, 2019, 07:37:07 AM

Business in crypto currency such as investment and trading is an option for those who want to get a lot of profit from crypto currency, because indeed from investing and trading crypto many people have benefited, but this is for those who have long been involved in the crypto world and are experts. Investment or trading is a motivation for many people to start a business in crypto.

And I think you are mistaken.

It doesn't mean a lot of people earned a lot of money in these cryptocurrencies that means it will be the same with other investors too. This depends on how you will be managing your investments since the market is so volatile and a lot of people are also losing a lot of money through it. If you wanted to involve your money in this market, better come prepared.

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Quote from: senin on December 26, 2019, 12:54:19 PM

In order to start using cryptocurrency in business, one desire and willingness is not enough. First of all, the relevant regulatory legal acts should be adopted in the state, which would regulate the procedure for using cryptocurrency to the smallest detail. Without this, any business can fall apart if the regulatory and tax authorities ask their questions and look for reasons to find violations and fine the businessman.
In addition, the high price volatility of the cryptocurrency is still an insoluble problem for business.

As mentioned small businesses fear of the volatility, but the same serves to get added profit for the business owners. Around the globe very few countries have regulated the usage of cryptocurrency and supported stores to accept bitcoin into their businesses. People too is a reason for the low acceptance of cryptocurrency into business, because people give importance on using cryptocurrencies into trading, gambling practices and not on daily needs.

Savemore

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Quote from: senin on December 26, 2019, 12:54:19 PM

In order to start using cryptocurrency in business, one desire and willingness is not enough. First of all, the relevant regulatory legal acts should be adopted in the state, which would regulate the procedure for using cryptocurrency to the smallest detail. Without this, any business can fall apart if the regulatory and tax authorities ask their questions and look for reasons to find violations and fine the businessman.
In addition, the high price volatility of the cryptocurrency is still an insoluble problem for business.

Small businesses are not yet ready to accept cryptocurrencies because of the volatility. There are businesses before in my community that accepting bitcoin and it was the year 2017 when the price of the bitcoin achieve its all time high, most of them are happy to accept bitcoin because its value is keep rising; but now they stop accepting bitcoin as a payment because of its value that gradually decreasing due to the bearish market.

senin

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In order to start using cryptocurrency in business, one desire and willingness is not enough. First of all, the relevant regulatory legal acts should be adopted in the state, which would regulate the procedure for using cryptocurrency to the smallest detail. Without this, any business can fall apart if the regulatory and tax authorities ask their questions and look for reasons to find violations and fine the businessman.
In addition, the high price volatility of the cryptocurrency is still an insoluble problem for business.

FLoving

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Quote from: meliodas on November 17, 2019, 08:42:38 AM

I don't think that the small businesses are ready for doing business and accepting cryptocurrency as a mode of payment. They are called small business since they don't have too much traffic in their business and they have a small cash flow in their business so accepting cryptocurrency is not a good idea because they will lose some money if they will do it because they need to pay fees when they wanted to move their cryptocurrency to cash.

Only those will not accept crypto for their small businesses who will not know about the future and the enthusiasm of the users of crypto currencies. Because if they will adopt cryptocurrencies for their small businesses then all of the crypto users will start to use their services and after that their small businesses will not be small but they will grow to become international business.

heidikim

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We still have to wait to trade with Cyrptocurrency. Because the system still does not work fully stable. The problem is. Payment methods can be secure. But there is a system that forces traders to move from bitcoin to dollars. Much will change if producers can buy their raw materials with Bitcoin.

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