Is small business ready to sell for cryptocurrency? - page 38.

sheenshane

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Quote from: laravuemaster on May 04, 2018, 10:27:13 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?

Small business cannot sell cryptocurrency because of the volatility of the market, if you are planning to have a cryptocurrency business then you need a huge amount of capital to cover up the problems when bitcoins grow to a very high amount.

Precisely, but it is doesn't mean that having a big amount of capital to invest is surely profit, it depends upon on how you managed on this because when you got a wrong step in cryptocurrency business surely you will lose. There is no trial and error for crypto so be careful when you have a transaction. Profit is one people go on mass adoption and motivated themselves to have a business in crypto.

tanghere02

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When you sell things online you also need to register you business in order for you to fully operate it and not take it down. So I think for as long as it is okay to put up a buy and sell business online and accepting cryptocurrencies it would be easy for them to market because a lot of people are already aware of the cryptocurrencies.

bongnor531

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I think most of the shops/webstores are not ready yet. Neither the crypto world is ready for this kind of mass adaption.
In my opinion one of the main reasons is the lack of regulation. If I had a webstore I would not implement it, till I don't know how to exchange it to fiat, and how I shoud pay tax after it.
On the other hand, Bitcoin and Ethereum is too slow for this. Lightning Network might be the solution, but to be honest I don't really believe in it. More likely, I think a new blockchain will reach this mass adaption, will see which one.

laravuemaster

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When Football meets Crypto

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?

Small business cannot sell cryptocurrency because of the volatility of the market, if you are planning to have a cryptocurrency business then you need a huge amount of capital to cover up the problems when bitcoins grow to a very high amount.

miyaka26

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It depends on the business if you are going to speak generally well it is not ready for them to adopt the usage of cryptocurrency or they will not really be needed the currency in the first place because the current fiat is more efficient than the current state of the crypto we have right now, I'm not concluding it will not going to dominate the usability someday but it is too early to say that though there are already small businesses that accept bitcoin as a form of payments.

Gudhal Untu

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I think this depends on the user, as long as the small business owner is willing to accept bitcoin then this is doable, there is no limit to receive bitcoin and I'm sure after receiving bitcoin then business will grow.

BrewMaster

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There is trouble abrewing

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?

a crypto business in my opinion is a bit different from selling stuff for bitcoin.
the selling part is just an additional option that any business can add just for convenience or to increase their number of customers. which is actually happening a lot. there have been merchants that started accepting bitcoin payment and now are reporting their sales have increased noticeably.

a crypto business is a business that focuses completely on bitcoin like a bitcoin exchange, a bitcoin casino, a bitcoin payment processor, a bitcoin bank,... these are the golden opportunities because this market is raw and is not yet filled. if you start a business now you will be the first and will become the biggest with a little effort. for example you can see Coinbase which is basically a bank and also an exchange. they are big and will become the biggest because they are the first. and they will make millions.

bitcoinmasterlord

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Quote from: tlqewcwf on May 04, 2018, 07:40:14 AM

I think small companies are not so quick to encrypt. Small businesses are very sensitive to price fluctuations, and they are often difficult to withstand the encryption of instability. Some big companies should start using encryption first.

you are right small companies and startup companies can't afford this because of the encryption of instability. but big companies can try this first and for them also one problem is there if their country is against the cryptocurrency then they will never try this because they can't do business against the law.

CuriousGeorge

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KUWA.ai

Not many people ready to have the inconvenience of having slow confirmation between their merchant and their client, but however, actually those problem can be solved simply by using lightning network to speed up the transaction and making the fee really low.
But the problem is, not many people really that technical to know how to implement such thing, many people still illiterate about the technical side of cryptocurrencies.

DonateBB

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There are currently no small businesses that accept electronic payments, as their qualifications and facilities do not meet the requirements for holding and storing their BTCs. so they are afraid of this.

iram1011

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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 helps quick and easy to build an online store and sell for the cryptocurrency. What kind of reasons can motivate people to start a crypto business?

First of all small businesses are slowest to upgrade unless they are really interested in something. Because of Bitcoin's deflationary model, people tend to hoard it instead of using it for buying goods or services on daily basis. Fiat which is inflationary is still a best option for customers to make daily purchases. This slows down the adoption of Bitcoin.

Moreover, with less than 2% of population using Bitcoin, there isn't a great incentive for businesses to accept Bitcoin as a mode of payment. To increase interest of small businesses in Bitcoin, we need more adoption.

kaya11

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SOL.BIOKRIPT.COM

I hope they will be, it's nice to see that small stall at malls accepts crypto payments, less hassle and fast. It will minimize the line which is really happening when the food is great. In our town their are stores that sells clothes and apparels which accept payment through QR codes, but most people don't know how to use it and just pays through cash.

tlqewcwf

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I think small companies are not so quick to encrypt. Small businesses are very sensitive to price fluctuations, and they are often difficult to withstand the encryption of instability. Some big companies should start using encryption first.

boblets243

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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?

One way to motivate people to start a crypto business would be the government's support. If there is a strong support from the government then that would the easiest way to do it. So basically, it depends on how the government looked on Crypto. Second is probably if price fluctuation will be minimized then it would be easy to convince people to have crypto business.

batang_bitcoin

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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.

Are you looking for an exact number of those merchants? No one will give you the exact number but this can give you an idea on how many are already doing this.
Who Accepts Bitcoins As Payment? List of Companies, Stores, Shops
https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

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

What kind of reasons can motivate people to start a crypto business?

- Decentralized.
- Ideal for investors who are looking for another source.

Tynovten_

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If we keep saying about all crypto because on the basis of expecting more profit. I took an example in jakarta I never saw a street vendor accept a payment with crypto (btc). And you can spend your own stay in a hotel paying enough with crypto. It attracts street vendors where the trade scale is enough for the simple circle. The glow of the btc in both of the cities haven't spread bigger but people have known to use the chance fast that exist.

TIDOVEE

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That could only be possible with time
When cryptocurrency becomes more accepted by many people.
There at still many people who are yet to know or believe in our so called cryptocurrency. And to make transaction with them as explained may be quite difficult.
Moreso, I think Bitcoin still need some areas to work on, there are some poor price value token that are not exchangeable. They are just lying in the wallet. They should be useful for small businesses/ purchase

Fatimah Azzahra

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it is clear the reason someone is doing business crypto because they are all motivated to seek profits there, and maybe if there is a business they are too small or less developed, they will sell for the business crypto, that they do solely for the sake of welfare of life in the field of economy to be more well from before even be able to savings them in the future.

Pelevelyl

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People will do this if it is more profitable and easier than paying by cash or credit card. So far, bitcoin payment is more difficult.

Gyugita

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currently there are many uses of cryptocurrency for business, either from blockchain or cryptocurrency technology itself.
because many benefits and also provide convenience for users.
I'm sure someday many will use cryptocurrency services for other businesses

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