Is small business ready to sell for cryptocurrency? - page 39.

Lyne01

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Quote from: Ilia5225 on May 04, 2018, 04:33:45 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?

There are already some projects like that. I've seen some ICO that offers a platform in which they can buy and sell their products in exchange for cryptocurrency or bitcoin. In terms of preparation and readiness of the people, I beleive we still need some promotions and more encouragement to motivate people to fully operationalize the buying and selling of goods with cryptocurrency.

kidamazo

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This can cause some difficulties, that might happen only in the country, which has already accepted cryptocurrencies as real and trustworthy.

victorski

member

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I am an owner of a small busiess in my area, I think I am not ready to accept crypto, becouse it is not many things to do for a crypto here

bettercrypto

sr. member

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Ilia5225 on May 04, 2018, 04:33:45 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?

The best motivation here is to earn doubled than what we have got in real life business. Cryptocurrency can be a worldwide business because internet is well-known by anyone and we can deliver our goods and services in a fast and reliable transaction. With the use of cryptocurrency, we can make our business more successful than what we stand up in our community.

Tankdestroyer

full member

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Quote from: bettyjcrouch on May 04, 2018, 04:47:55 AM

1 Governments prevent the development of bitcoin.

As far as I know not all governing authorities of every country prevents the development of bitcoin. In fact, some countries like Japan and Venezuela legalized bitcoin and other cryptos. Likewise, Russia begins developing blockchain standards of their country, showing their support in crypto's development and is currently drafting blockchain legislation to speed up adoption which will definitely speed up the development of bitcoin too after they have finished drafting those laws.

kwarto

newbie

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Quote from: Ilia5225 on May 04, 2018, 04:33:45 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?

i think small businesses are not ready yet to start crypto... starting up crypto requires huge fund to operate. given the volatility of the market, small busineses wont last long if have small funds. it could loss just in a short time.

audaciousbeing

hero member

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Quote from: Ilia5225 on May 04, 2018, 04:33:45 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?

There is nothing wrong for small business to receive bitcoin for the sale of goods but it should not be the exclusive currency of trade. The reason for that is, as a small business, there is going to be a need for high and stable working capital which due to the volatility of bitcoin price could pose some difficulty for the business especially if those he is buying from don't receive btc but with the combination of other currencies in this case fiat, the balance will be maintained to get the cost of replenishment of store in the case of negative volatility in the price while increase in price of bitcoin would amount of other income.

ArkiCrypto

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There's many things that the sellers need to consider first. Specially if cryptocurrency is not yet known in your local country, let me give you a scenario:

A small business opens up, the owner sells good in exchange to crypto. However the cryptocurrency is not yet known to their country and doesn't have the feature of withdrawing the bitcoin to their local area and the owner needs to go to exchange site, transfer the crypto he/she has earned (needs fee), then exchange to fiats (needs small fee) and withdraw it to his/her atm (I think a fee is needed too) So in short by exchanging the cryptos to fiats you need to pay for fees before getting the real money.

Second, the business needs fiats to buy local goods or anything to sell so he really needs to exchange that cryptos to fiats to circulate the capital.

Third, the bitcoins and other cryptocurrencies price are volatile it may goes up and down in just a matter of seconds or minutes. In short the owner doesn't have any sure profit because of the volatilities of the cryptocurrencies unlike fiats.

This is not just the things he/she needs to consider, he/she also needs to consider the surroundings including the number of crypto users in the forum and other stuffs.

Nahl

legendary

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build small business use crypto depend on the situations on the particular countries because you cannot build your own business use crypto if your country banned crypto but the common reason why they build online stores accept crypto as the payment maybe use crypto is more easy than use cash for transactions and it can do everytime and everywhere as long as internet connections available

BillCoin

sr. member

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Most of the stores who accept bitcoin at the moment do it for the gimmick, as there bitcoin's users community is not large enough to actually make bitcoin based business.
So at the moment the bitcoin accept stores do it for the gimmick or they are selling bitcoin related stuffs or offering bitcoin related services so they aim at bitcoin users community.

Sidiq SP

full member

Activity: 322

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the reason people start doing business on this crypto is none other than to look for more profit, so that many people on a large scale pursue this, hopefully more and more online stores and other online-based businesses use this crupto, so the spread over the world the bigger and the gain in getting also bigger

bettyjcrouch

newbie

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All people can buy and sell goods for bitcoin. I would say 2 problems in bitcoin. 1 Governments prevent the development of bitcoin. 2 Slow transaction confirmation on the network

Ilia5225

jr. member

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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?

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