My business currency | Bitcointalksearch.org

mvdheuvel1983

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Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

As we know today globally currently is greatly lossing it value as a means of exchange. There by the world are gradually using cryptocurrency as a means of exchange both investors and trader. Am also opurtune to use Bitcoin as a means of exchange. I buy goods and pay with Bitcoin. So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

Good for you.
Not everyone has the opportunity to invest and make transactions using bitcoins or other cryptocurrencies. Not because they do not want to but because there is no enabling or viable environment for it.
Personally, I cannot wait to start using bitcoin for 60% of my day-to-day activities. It will be so cool. Moving around with fiat seems like old school to me now.

The Cryptovator

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I don't think only cryptocurrency will exist on the market as a digital currency. You're speaking from a place of feeling. However, this won't actually occur. Even when the government permits its usage, Bitcoin won't initiate massive adaptation very soon. Since it will be adopted by the central bank, CBDC would be the more widely used digital currency. However, we can always exchange or trade Bitcoin wherever it is accepted. Even though we can't ignore fiat, a lot of people around the world are unaware of cryptocurrencies.

yusrime

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Adopting crypto stablecoins as a form of currency could be a potential solution for individuals looking for stability in their financial lives. However, some may be hesitant to trust decentralized third-party companies issuing digital currencies pegged to the dollar, as they may view their governments as more reliable. However, if trust in these companies can be established, crypto stablecoins could be a valuable solution for citizens of countries with unstable, devaluing native currencies.

deathcode

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Quote from: CapGelatik on January 13, 2023, 06:02:58 AM

Quote from: Plaguedeath on January 13, 2023, 05:06:55 AM

I don't know where you live, but for sure you can try to accept Bitcoin in your business. Maybe after a month, you should came back and give an update about your business, compare the profit between people who pay you with Bitcoin and fiat, so we will know does everyone are prefer to use Bitcoin or fiat to pay in real life. Because not all people want to reveal themselves if they're Bitcoin enthusiasts.

I think trying to accept Bitcoin in business is not as easy as we imagine,
almost everyone seems to still use fiat as a means of payment,
for now people use Bitcoin only as an investment or trade.

It is true that for now accepting Bitcoin in business is not easy.
Actually OP put forward some great opinions and suggestions and I think that's visionary thinking.
And I think what the OP said might happen massively in the future but it can't fully happen now.
There is still a lot to consider regarding where we live, the regulations and several other important factors.

The thing that I think needs to be remembered for now is not all businesses can run by accepting Bitcoin.
There are businesses that require cash turnover and quick returns on the spot to return business capital.
In fact, at this time we will still need fiat money to keep our business running.
I hope OP and the people who have accepted Bitcoin as a means of exchange or payment in their business have thought about it carefully.
Not just joining in because they are tempted by the benefits that Bitcoin provides without thinking about the risks.

tvplus006

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Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

...So like I say in a little time cryptocurrency will be the only currency in digital market. ..

The most likely development of events will be the creation and use of digital currency issued by central banks (CBDC). The use of CBDC will allow the government to control all movements of digital currency, thus conducting financial monitoring, and also provide control over the payment of taxes.

Merit.s

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Bitcoin acceptance should be an alternative payment method as I don't see how bitcoin can get rid of fiat currency in businesses, since the world is made up of so many countries with their various fiat currency. It is good when you accept both fiat and bitcoin in your business, because you will have more advantage in having more customers than some in the same business love line with you. I only know that because of the decentralized system of bitcoin, makes it the best for transactions due to its safety, fastness and low charge rate. Therefore the adoption of using it as an alternative payment will be increasing gradually as time goes.

Mr. Magkaisa

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Quote from: darewaller on January 25, 2023, 03:30:16 PM

Quote from: noorman0 on January 25, 2023, 05:59:39 AM

Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

-snip-
So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

In order to keep pace with the crypto industry for digital payment needs, global governments are still in the process of making their digital currencies pegged to local fiat, even allowing marketplace platforms to have their own digital "currency" option to buy goods. Your hope may not happen in the near future.

Before Bitcoin came out, there are already several digital payment methods but it's crazy on how they are over taken by Bitcoin and other cryptocurrencies. I think that is the reason why they are inventing another new digital currency in order to compete and possibly beat Bitcoin but that won't be possible.

As for the marketplaces, I think it's not necessary to create their own digital currency because we already have tons lying around. They can just use these directly. That should save them time and money. Indeed, it's not possible if crypto is the only digital currency that will remain because there are people who don't know how to use it and then some governments won't just allow it.

- It's true what you say, mate, until now there are still other countries that do not accept the system that has bitcoin or cryptocurrency because of blockchain technology. And most people around the world are still not aware of digital currency in this industry.

And even when no one can beat bitcoin, that's why other countries have seen the potential of Bitcoin and they know that they can't control it either so they just adopted it instead of criticizing it so now they are also one of the holders of bitcoin and other cryptocurrencies.

noorman0

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[Nope]No hype delivers more than hope

Quote from: darewaller on January 25, 2023, 03:30:16 PM

-snip-
Indeed, it's not possible if crypto is the only digital currency that will remain because there are people who don't know how to use it and then some governments won't just allow it.

Well, that's the problem. Let alone mastering the basics of bitcoin, compared to the rest of the world's population, I believe some of them are still untouched by the awareness of the benefits of decentralized currency. I saw that the people around me (who can be said to still adopt traditional financial methods) were quite surprising, they considered bitcoin the same as currency issued by companies, regardless I dismissed this assumption at length. So, if our government bans the use of bitcoin, it will only add to the skepticism and worse judgment that bitcoin is a bad entity.

darewaller

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Quote from: noorman0 on January 25, 2023, 05:59:39 AM

Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

-snip-
So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

In order to keep pace with the crypto industry for digital payment needs, global governments are still in the process of making their digital currencies pegged to local fiat, even allowing marketplace platforms to have their own digital "currency" option to buy goods. Your hope may not happen in the near future.

Before Bitcoin came out, there are already several digital payment methods but it's crazy on how they are over taken by Bitcoin and other cryptocurrencies. I think that is the reason why they are inventing another new digital currency in order to compete and possibly beat Bitcoin but that won't be possible.

As for the marketplaces, I think it's not necessary to create their own digital currency because we already have tons lying around. They can just use these directly. That should save them time and money. Indeed, it's not possible if crypto is the only digital currency that will remain because there are people who don't know how to use it and then some governments won't just allow it.

SmartCharpa

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Quote from: AmoreJaz on January 24, 2023, 06:42:06 PM

Quote from: SmartCharpa on January 24, 2023, 01:44:10 PM

Although there are benefits to accepting cryptocurrency as payment, if you do so and keep it for a long time, you can make a lot of money from it, in some places people don't believe in bitcoin payments because they view them as a scam. Because in some places they don't know the value of accepting bitcoin and Keep for so long.

well, education is the key for these people who are up until now they are seeing btc or crypto as a scam. the people dealing or using it are the ones who make this market as a scam. but the currency itself is not. so the more people educate themselves, the more they understand the true nature of this market. and they will soon understand that its the people who create their own projects out of this market that make this market look as a scam as they use it as playing ground of fraudsters.

You're right that education is the key for these people, but in my country, bitcoin is not permitted in business, and those who do invest in it are viewed as fraudsters. The government even wants to outlaw some bank accounts linked to cryptocurrencies, so I wish they would understand sooner than later as you suggested.

Bitcoin_people

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I have already seen the payment of Bitken in Bitcake if you buy products in different markets. From there, much easily, Bitcoin payments are given the price of the product, currently being prepared by the global digital currency as a payment method. Bitcoin in the digital world has reached the highest level of products in different major shopping mills in the world. And this moment is possible to earn a lot of money by investing in Bitcon.

GigaBit

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Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

As we know today globally currently is greatly lossing it value as a means of exchange. There by the world are gradually using cryptocurrency as a means of exchange both investors and trader. Am also opurtune to use Bitcoin as a means of exchange. I buy goods and pay with Bitcoin. So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

We recognize many real stories of payment through digital payment method. Seeing all those stories, it seemed very natural that Bitcoin or digital currency has no limits. It has now become a very popular medium for exchange. Although the government of most of the countries in the world is still in a strict position towards it. However, common people are very interested in paying Bitcoin payments despite various restrictions. Moreover, various organizations are now directly accepting crypto, so we can naturally say that digital currency is starting to make a significant contribution as the most popular medium for business.

noorman0

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[Nope]No hype delivers more than hope

Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

-snip-
So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

In order to keep pace with the crypto industry for digital payment needs, global governments are still in the process of making their digital currencies pegged to local fiat, even allowing marketplace platforms to have their own digital "currency" option to buy goods. Your hope may not happen in the near future.

Maestro75

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Quote from: Sterbens on January 12, 2023, 11:36:34 AM

I don't mean to break your ambition in using bitcoin as a medium of exchange or a means of payment that you will use, because in the future I also want something like that. But you have to consider everything about what you are going to do. It depends on where you live, because now those who accept payments with bitcoin are not comprehensive, even in some countries they are still considered illegal and are still prohibited from existing. Also one has to consider whether you will actually make payments with bitcoins during a bear market like this, because it will eat up a lot of bitcoins that you will spend.

All this that you mentioned are going to reduce the excitement of OP because the points do not look to be in favour of bitcoin that he is promoting. But that is the truth you have said there. Countries after countries have continued to hate to support bitcoin and that maybe because they do not know how to control or tax it. People talk good of bitcoin when it is increasing in price but begin to make hate speeches about it during bear season. Will Op not eventually be like that when the wicked bear comes again and abandon using it as business currency?

bettercrypto

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Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

As we know today globally currently is greatly lossing it value as a means of exchange. There by the world are gradually using cryptocurrency as a means of exchange both investors and trader. Am also opurtune to use Bitcoin as a means of exchange. I buy goods and pay with Bitcoin. So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

In short what you are proposing is to encourage others to learn crypto trading so that they too can have an extra income in their lives by trading in the crypto space, right?

As far as I'm concerned, I've been in this career for a few years now and so far it's helping my state of life right now because it's able to make a profit and even cover the daily expenses of my life.

Sebas.tian

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Yes, accepting Bitcoin as a payment in your business will really help you to grow higher in profits making than other business men around your environment, if Bitcoin or cryptocurrency is well legalized in your country. There are many Bitcoin users all over the world which they prefer to buy goods and pay with Bitcoin, because the transaction is faster and secure compare to centralized currency exchange that will make all eyes on you at the moment. I think, a time will come when many countries of the world will allow their citizens to buy goods of any kind in the country and pay with Bitcoin or cryptocurrency, which will really help those that are into that business in the country.

bounceback

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Many people hope that one day bitcoin will be accepted to be used as legal tender worldwide because bitcoin can make it easier for people when they want to make payments, especially when traveling abroad where we don't need to exchange the bitcoins we have if we want to make payments unlike fiat currency where we have to exchange it first with the original fiat money of the country we are visiting when we want to make a payment because every country has a different currency.
But unfortunately at this time not all governments agree that bitcoin is used as a legal means of payment in their country because there are those who consider bitcoin not good to be used as a payment method because it has wild price volatility.

AmoreJaz

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Quote from: SmartCharpa on January 24, 2023, 01:44:10 PM

Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

As we know today globally currently is greatly lossing it value as a means of exchange. There by the world are gradually using cryptocurrency as a means of exchange both investors and trader. Am also opurtune to use Bitcoin as a means of exchange. I buy goods and pay with Bitcoin. So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

Although there are benefits to accepting cryptocurrency as payment, if you do so and keep it for a long time, you can make a lot of money from it, in some places people don't believe in bitcoin payments because they view them as a scam. Because in some places they don't know the value of accepting bitcoin and Keep for so long.

well, education is the key for these people who are up until now they are seeing btc or crypto as a scam. the people dealing or using it are the ones who make this market as a scam. but the currency itself is not. so the more people educate themselves, the more they understand the true nature of this market. and they will soon understand that its the people who create their own projects out of this market that make this market look as a scam as they use it as playing ground of fraudsters.

SmartCharpa

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Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

As we know today globally currently is greatly lossing it value as a means of exchange. There by the world are gradually using cryptocurrency as a means of exchange both investors and trader. Am also opurtune to use Bitcoin as a means of exchange. I buy goods and pay with Bitcoin. So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

Although there are benefits to accepting cryptocurrency as payment, if you do so and keep it for a long time, you can make a lot of money from it, in some places people don't believe in bitcoin payments because they view them as a scam. Because in some places they don't know the value of accepting bitcoin and Keep for so long.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: Nrcewker on January 23, 2023, 12:03:09 PM

Quote from: Jaycoinz on January 12, 2023, 07:53:01 AM

As we know today globally currently is greatly lossing it value as a means of exchange. There by the world are gradually using cryptocurrency as a means of exchange both investors and trader. Am also opurtune to use Bitcoin as a means of exchange. I buy goods and pay with Bitcoin. So like I say in a little time cryptocurrency will be the only currency in digital market. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

Crypto definitely helps us to use our finances without any restrictions. It also helps us to remain anonymous while paying through cryptos. But if we talk about Bitcoins, then for me it’s not ideal decision to spend Bitcoins unnecessarily when there are other payment options available. The reason is simple. Bitcoins are limited therefore they are valuable in nature. A time will come when the demand for the coin will be more and so the price will immediately increase to maintain the demand. And hence if you collect Bitcoins and hold then definitely you will make great profits in future. This is just my observation.

Using it as a payment or not depends on how the original purpose was to buy bitcoin. If the initial goal is to be used for investment, it will be better to hold long-term, because there will be profits to be gained from long-term price increases.
But when the purpose of being a means of payment for some products and services that use bitcoin is also not a problem, it is a small adoption that is done, using bitcoin as a means of payment. But it also depends on how the regulation is applied, if it is prohibited then use it only for investment or as a commodity.

Topic: My business currency (Read 502 times)