Topic: Is small business ready to sell for cryptocurrency? - page 7. (Read 4984 times)
Small businesses will be ready to integrate cryptocurrency into their payment systems once they get to know the importance of cryptocurrency in their business financial transactions. This is why, crypto enthusiasts must always continue with the awareness creation especially to these small scale business owners to increase the adoption of cryptocurrency.
Don't sell what bring you income for something that you never know how it will be in 10-20 years. If your business bring you nice profits , why sell it ? Its better and wiser to invest your profits into cryptocurrencies , this are facts for me but personally I would never sell my business for cryptos but if you have asked me 3 years ago I would have sell it for sure.
Business usually have three vital personal objective - survival, profit and growth. These three are to be achieved in ascending order. First objective is to recover your cost from business, then earn profit and finally grow your business with profits. But investing profits in bitcoins is too sentimental decision in my opinion. It indicates that you aren't serious about business. Investing is to be done with spare money, not your business money. The same money in business may give much more return than investing the same in bitcoins.
Don't sell what bring you income for something that you never know how it will be in 10-20 years. If your business bring you nice profits , why sell it ? Its better and wiser to invest your profits into cryptocurrencies , this are facts for me but personally I would never sell my business for cryptos but if you have asked me 3 years ago I would have sell it for sure.
I know a good friend of mine who sold a car wash business in order to buy some masternodes and now 1 year after still has the masternodes and opened a restaurant so yea , we can find examples like this one too but how many of us would have done it ?
I know a good friend of mine who sold a car wash business in order to buy some masternodes and now 1 year after still has the masternodes and opened a restaurant so yea , we can find examples like this one too but how many of us would have done it ?
Not worry about small or not your business to sell cryptocurrency if you want to serious you can joined with many cryptocurrency, you can sell bitcoin or altcoin with your small business but with not bigger amount, you can ready with small amount and always have get positive respond from costumer and give your trusted with your small business, I think day by day your small business will grow up become bigger business at the future and you can sell cryptocurrency with higher amount.
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.
So go and risk for it.
Actually it is a good idea for small businesses that involve cryptocurrency as a payment transaction tool, but it would be better if the government legalized it first and with that many people would use cryptocurrency for any transaction tool.
if cryptocurrency is prohibited in your country, will your business be successful because only a few make purchases using cryptocurrency because not everyone uses cryptocurrency and of course only a few of them use cryptocurrency to make purchases, you must use both to receive cash and cryptocurrency as a purchase transaction tool and with such methods will make your business successful and growing and you can also promote cryptocurrency to them.
if cryptocurrency is prohibited in your country, will your business be successful because only a few make purchases using cryptocurrency because not everyone uses cryptocurrency and of course only a few of them use cryptocurrency to make purchases, you must use both to receive cash and cryptocurrency as a purchase transaction tool and with such methods will make your business successful and growing and you can also promote cryptocurrency to them.
Cryptocurrency provides lots of benefits such as a quicker and less expensive way to accept customer payments when compared to traditional payment types like credit cards, but I think it is too early for small business to except cryptocurrency. Price volatility now it too high, it can have a large impact on businesses.
At present, there are already many people who are trying to start a business with cryptocurrency. for those who are familiar with technology, and have a business soul, I think they have long been motivated. while for those who are not familiar with cryptocurrency, start doing business by linking crypto to their business such as translate services, typing documents, or other things. it's easy enough to motivate business people to enter the reach of cryptocurrency, namely by explaining the benefits they can get. I'm sure they will be interested, even more so to learn it can be free.
I think doing business with cryptocurrency is very profitable, even many people become super rich by doing business cryptocurrency , if I understand algorithms and programming languages, I will do business cryptocurrency right now
For a small business, I think you shouldn't use blockchain technology yet. because you will not be able to have enough staff to handle customer questions about this new technology and something related to wallet and apps. It's quite complex and blockchain technology should only be applied to large businesses like Visa, Paypal.
we know high bitcoin price. may be anything will be sold to start a crypto online business. we will make it as our future asset.
It seems to me that it is very difficult for a small business to realize a profitable business using cryptocurrency, because if you take into account the high volatility of the cryptocurrency, then the whole business may be at risk. Of course, cryptocurrency can be used to trade in products, building materials, clothing and jewelry, but given the high price fluctuations in the cryptocurrency market, based on this, an entrepreneur today can be profitable, and tomorrow he can lose everything if the cryptocurrency price he uses in your business will fall several times. Although if the entrepreneur immediately converts the cryptocurrency into Fiat or a stable coin, then no losses will occur on his part. But then what is the point for him to use cryptocurrency, it is only possible to expand the circle of his clients.
Crypto has a big risk involve if small business enter because the value is not stable. Also it is difficult to sell goods in crypto because not all people know how to use it and also it is not legal in other countries. There's a lot of things to consider in putting up this kind of business.
When it comes to bitcoin acceptance into businesses it is all dependent on the legal support from the respective government. When there is legal support we can make use of it without any fear. Next thing even the consumer who haven't known about it can be advised to use it.There is more and more small scale businesses into bitcoin acceptance knowing the true growth and the need for advancement. Large scale businesses fear a lot thinking about the volatility, because a small level fluctuations will cause a huge difference in the market revenue. This will indirectly hit their business profile, but this can be overcome when the focus is long term.
can be started with small exchange services that continue to be developed, for some countries, this does not violate the rules as long as they do not intersect with products that have legitimate trade rights. I think many people / companies are very ready for this, the key is how they can continue to synergize with the government on a number of things that can continue to be a positive influential solution.
Very few business are actually accepting crypto directly for their goods and services. They use 3rd party middleman services like bitpay so they end up getting paid in cash anyways. Many people don't want to deal with the volatility that bitcoin brings.
right, especially for small businesses. very risky for them with volatility, moreover they really need fresh money to support the continuity of their business. therefore third parties are the solutionas far as I know that small business, when using crypto it is quite a big risk. because crypto is not easily controlled. of course it requires a maximum hard work to avoid the risks that occur. so for crypto small business, in my opinion it is not so suitable.
The real adoption of market is there in small business if we take japan as example most of merchants are small business owners who accepted bitcoin after then japan govt made it legal soon the same kind of adoption will happen all over world
Actually development with blockchain technology can be done but readiness is the most important thing. most of them I think they only want to get funding and for less readiness so that when running the projeck many people don't match expectations even most fail.that's the reason why there must be readiness before expansion or system switching.
Very few business are actually accepting crypto directly for their goods and services. They use 3rd party middleman services like bitpay so they end up getting paid in cash anyways. Many people don't want to deal with the volatility that bitcoin brings.
right, especially for small businesses. very risky for them with volatility, moreover they really need fresh money to support the continuity of their business. therefore third parties are the solution
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?
Actually a number of people of the earth are now depend on online marketing .You can buy anything via online in globally .I have seen lot's of time in different site their using crypto as a payment system .I think the security and easy transaction system would be the main motivational speech for first level of person who meet first time to crypto. However it will be largely use when government give the legality vastly to use it as a transaction system .Hopefully the platform will be created everywhere. 
Very few business are actually accepting crypto directly for their goods and services. They use 3rd party middleman services like bitpay so they end up getting paid in cash anyways. Many people don't want to deal with the volatility that bitcoin brings.
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