Topic: Is small business ready to sell for cryptocurrency? - page 5. (Read 4984 times)
The main thing and reason in this case is about the legality of crypto in the country itself, if the country has legalized crypto as a tool for payments and other transactions, then I'm sure there will be many who adopt crypto as a legal payment tool, because with continued growth crypto thus accepting crypto for a business and other ventures is very likely that crypto is a major focus for developers.
Bigger business come from with small business, so why you scare for starting your small business with cryptocurrency. Many people have been success start with very small business, they faced with many time bad moment and keep fighting until how their business have been success. Maybe talk more is not important without action by your self with small business to start in cryptocurrency.
In my mind, small businesses will not be problematic to accept cryptocurrencies, but the main reason that there doesn't that is a restriction from the government side. The government can't control the flow of crypto money, so they can't know all the information about you and your money. Is this make sense for them? Definitely not. For instance, with bank transactions, government can get any transaction and follow where are from this money. The good advantage for government system to collaborate only with banks.
These days we a lot of businesses accept cryptos as one of the payment options. Most of them are the small businesses , there has been a lot of speculations about big players starting to accept crypto as well. But it seems that big players has no reason to do so , it was logical to consider such things when prices kept going up.
if the majority of the population is familiar with crypto, I think people who have small businesses will immediately use cryptocurrency as a means of payment for their businesses. the reason to use crypto is because it can simplify the payment system, and with crypto will be more efficient compared to fiat currencies. with crypto in my opinion will benefit someone who owns the business and also to consumers.
The volatility of cryptocurrency might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods, perhaps if usdt is being considered they might, because a small business might not be able to bear so much loss during bear season
Actually, it can still develop because even small businesses will certainly when paying even though using bitcoin also the estimation should be paid using USD or maybe their country's currency and it can also be converted directly when payment takes place
to persuade people to use cryptocurrency as a business, I don't think it will be as easy as you imagine because not many people understand what cryptocurrency is and how to use it, and not everyone has a computer background so they will be lazy to learn cryptocurrency wallets, learn where to exchange cryptocurrency even learn account security using 2 stages, because they will think small businesses are easier to use local money than using cryptocurrency.
This situation has not come yet according to the present perspective, there are many factors affecting this system if we want to see small or large business sector adopting cryptocurrency, At first, the main thing is the legal status, if your country doesn't allow crypto as a legal payment system then it's not possible to run this platform, another thing is that the people's awareness of cryptocurrency, if your community is not well known to cryptocurrency then it's also very tough to run a business to sell for cryptocurrency, so I think this situation is still not favorite for running a small business for cryptocurrency payment, but the time is not so far when we will avail the cryptocurrency payment system.
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?
Many would like to introduce cryptocurrency payment in their stores, but there are only a number of obstacles. 1) Their high volatility, but it is solvable. 2) Actions of state regulators, it is much more serious. 3) Few people use cryptocurrencies, and seller need to pay for acquiring. It is not known whether this option will pay for itself or it is better to wait for better times. 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 don't think so that there will be so much person that are ready ro sell their goods and some services to crypto because as long as their country government is not legalize the crypto then many people will not trust crypto and the people that only trust crypto with their Business is the one who fully understand crypto is. The best that can motivate the people to start a crypto business is when the country government legalized crypto. 
I'm simply stating that it can get complicated and not all small businesses can handle it. Say you asked for BTC0.025 today, if the exchange rate drops tomorrow, then you have a problem. Of course if you are pricing in fiat then it's not that big of a problem but you'd still need to have reserve cash for those times when it's just not practical to en-cash the payments you've received.
In my opinion if a person want to sell his business on crypto say bitcoin then i think he must be an experienced crypto user and he must thought about price fluctuation and may be he has already predicted the price that's why he is ready to sell his business on bitcoin, but i think if he is feeling any kind of risk then better he should convert it to fiat.
Well if i had to face such situation i will never refuse to get bitcoin in exchange of business because i think crypto always brings profit may not immediately but definitely.
Hmmm... or maybe collecting bitcoins can be the main goal of the business?
Find a product/service that is cheap enough to sell en masse. Allow bitcoin payments, keep the bitcoins and just try to operate solely on the fiat earnings. Imagine if you've already been accepting payments in BTC 10 years ago. 
The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
I'm simply stating that it can get complicated and not all small businesses can handle it. Say you asked for BTC0.025 today, if the exchange rate drops tomorrow, then you have a problem. Of course if you are pricing in fiat then it's not that big of a problem but you'd still need to have reserve cash for those times when it's just not practical to en-cash the payments you've received.
In my opinion if a person want to sell his business on crypto say bitcoin then i think he must be an experienced crypto user and he must thought about price fluctuation and may be he has already predicted the price that's why he is ready to sell his business on bitcoin, but i think if he is feeling any kind of risk then better he should convert it to fiat.
Well if i had to face such situation i will never refuse to get bitcoin in exchange of business because i think crypto always brings profit may not immediately but definitely.
The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
I'm simply stating that it can get complicated and not all small businesses can handle it. Say you asked for BTC0.025 today, if the exchange rate drops tomorrow, then you have a problem. Of course if you are pricing in fiat then it's not that big of a problem but you'd still need to have reserve cash for those times when it's just not practical to en-cash the payments you've received.
The main reason that people want to start a business with crypto is about interest in crypto itself. Indeed, some of their business people still think about unstable prices or whatever, but when businesses have an interest in crypto then at least for a more appropriate online business, businesses will include crypto as an alternative payment method which of course every buyer will see and gradually will probably be there are many buyers who use this method.
But the main reason for this is the price of the products that can affect the business due to the price drop. So even though every person has an interest in crypto we can never go far with the most talked about and this is the product.
The volatility of cryptocurrency might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods, perhaps if usdt is being considered they might, because a small business might not be able to bear so much loss during bear season
Yes, this is the reason why small bussiness owners will not accept it. Because they may not be able to withstand so much losses in the bear market and cause their business to go bankrupt
The most important thing is that there is a good preparation to make a business that was previously running conventionally can be realized to be able to switch to the cryptocurrency industry. all that is very possible to happen to see the potential that exists today,all depends on the preparation of the team to be able to walk later
The volatility of cryptocurrency might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods, perhaps if usdt is being considered they might, because a small business might not be able to bear so much loss during bear season
There are a lot of stable coins aside USDT that they can use thus I don't think it's the main reason. Since crypto is a new currency for them, it's difficult for the to adopt it and it's not also being used by majority of people for payment. Most of people already heared crypto but they don't have idea what is it perhapa they aren't interested too since they are already contented to our traditional currency and online banking. 
The volatility of cryptocurrency might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods, perhaps if usdt is being considered they might, because a small business might not be able to bear so much loss during bear season
The main reason that people want to start a business with crypto is about interest in crypto itself. Indeed, some of their business people still think about unstable prices or whatever, but when businesses have an interest in crypto then at least for a more appropriate online business, businesses will include crypto as an alternative payment method which of course every buyer will see and gradually will probably be there are many buyers who use this method.
I don't see any reasons why not. Granted there may be several things that have to be arranged to make it work but allowing your customers to pay you in crypto is likely going to be far cheaper than getting a credit card terminal (which works more like a rental from the bank). If a business can already afford to handle credit card payments, I don't see any reason why accepting crypto would be any harder.
The business likely would need to have more "back up" money, either cash-on-hand or on account. Even if they price their products/services in fiat, they might have to hold on to the crypto they are receiving, meaning they can't easily rely on it for their day-to-day operations. Like, they can't just roll-over yesterday's earnings for use today.
I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
No there is no problem in using crypto it’s really a reliable way to pay for goods and to sell for anything but in case of high amount exchange yeah people will have to look at the market volatility and also they will have to follow the rules after that in crypto there is no issue so many people use it for business and sell/buy bitcoins. The business likely would need to have more "back up" money, either cash-on-hand or on account. Even if they price their products/services in fiat, they might have to hold on to the crypto they are receiving, meaning they can't easily rely on it for their day-to-day operations. Like, they can't just roll-over yesterday's earnings for use today.
The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
Small sectors to large industries can all adopt a system from Blockchain that does help various sectors. From traders. Medical to finance all can use the technology, but to realize it requires time and also counseling the community about the new technology , and this will make future dreams about cryptocurrency I am pretty sure that in the next 5-10 years changes will be seen in the era of the system
small business need simplicity. why? because this type of business just can't afford hire more employees to handle additional tasks for accepting crypto currencies, watching exchange rates and so on
that means small businesses will use approved and well know systems - cash payments and card payments
cause the owner simply do not have free time to cover this new way of payment.
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