My business currency - page 2. | Bitcointalksearch.org

Nrcewker

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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.

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.

Fivestar4everMVP

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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.

This is a good advice which I indeed support, but the fact still remains that cryptocurrency as payment system still have a long way to go, we are just at the very beginning and it is very normal if people are still skeptical about accepting bitcoin or any other form of crypto as payment for their goods or services...

I personally have spent bitcoin to buy valuable items, and also have accept and will still accept bitcoin for my goods if I find a customer who wants to pay in bitcoin, but I think the problem majority of businesses have right now is the manufacturers who are yet to start accepting crypto payments, it makes no sense accepting bitcoin for my goods, and still find a way to convert it to fiat so I could buy the good I sold back.
Bitcoin and cryptocurrency payments will become really massive if and when manufacturers and wholesalers begin accepting it as a means of payment from their customers.

YOSHIE

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

You have a strong desire about Bitcoin, as a shopping currency or a means of exchange in the market, I think your thinking is normal, maybe many people in this world want and hope like you, but that will never happen to Bitcoin.

So that you don't think too much about Bitcoin in the future, maybe you should read one of the resources that I show you below, about Bitcoin.

Why Bitcoin is not a currency but a speculative real asset.

Quote

First, there currently exists no commonly accepted valuation model for Bitcoin. Second, unlike precious metals, highly volatile Bitcoin has no history of being accepted as money and it lacks any time-tested store of value credentials (accepted intrinsic worth), both of which are key currency attributes.

Well, if you understand the quote above, I'm sure you don't want to think too far, about Bitcoin being used as a currency for the exchange of goods globally, what is being done and happening right now to users and Bitcoin, that's much better than reality.

Popkon6

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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.

You can't change everyone in an instant. How do I motivate my family and neighbors who still have no idea about cryptocurrency? The person who goes to your store to pick up the product but you cannot return it. But what should you do if the customer doesn't have the cryptocurrency?

People who have stayed here in the forum are people from different countries. Cryptocurrencies are emerging but not in everyone's homes. So it takes a long time to spread its tendency among people.

Flexystar

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Good gesture but not gonna happen that quickly and with such random request. There are millions of challenges up front and very few are able to face the government in that way. I mean have you ever seen any movement that is being done against the government so that we can get freedom to choose our universal currency and transact without the taxes and stuff? Have you ever seen any news that will put a sweat on governments head where bitcoin is being adopted at alarming rate and fiat is getting decommissioned? I think it is not really the thing that can happen overnight.

We as crypto lovers need to be in the game of crypto adoption forever. Millions might accept it, the same millions may not be interested in it the following year. That's how the market is growing to be honest. I just hope we at least keep the steady growth all the way through.

traderethereum

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It will depend on how the regulations are in each country because for payments using bitcoin, there will be regulations from the government in your country.
So far, fiat has become a means of payment in each country and if you want to use crypto for your business, you must seek approval from your government.
But if your country accepts crypto, I don't think it will be difficult to start using crypto as a means of payment in your business.
But if crypto cannot be used as a payment instrument of choice, it will be okay if you still use crypto as a commodity tool in trading.

jrrsparkles

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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.

Is bitcoin a medium of exchange?

Yes, it is and people can transfer it from one to another.

Whole world is using bitcoin for global trades because the value of fiat is losing its value?

No, government didn't make any trade deals with considerable amount to conclude governments are changing so your wrong with that information.

I can't really understand your context because its kind of messed up, are you saying everyone to use bitcoin or hold it because others are using it nowadays?

Peanutswar

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If you are buying with the use of the bitcoin does the price might varies ? because we know how does the bitcoin so volatile and there's a chance they lose with the profit like a same price in terms of USD just the payment change because its a bitcoin, just wondering with that point, still good thing adaptation with the bitcoin because of the fast transaction and being transparent of it.

GreatArkansas

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Quote from: Bitcoin_people on January 14, 2023, 09:09:38 PM

I think if you want to do good business in this market you must invest on good coins so you don't have to face losses. Bitcoin is the best coin in the market right now Bitcoin is in the best form right now.
(....)

I think this is nothing to do with how Bitcoin is being adopted like what OP said in the first post.
The issue here is the Bitcoin adaption because as we all know, now Bitcoin is still not popular in most the countries, and still few businesses accept and use Bitcoin. But I believe in the future, more businesses will use Bitcoin.
My suggest is start with small, accepting Bitcoin to our businesses even small, that is already good help to the Bitcoin community.

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Quote from: mk4 on January 13, 2023, 03:41:21 PM

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.

You don't even need to test it. It's pretty much 99.9999% guaranteed that fiat will be the winner. And it's definitely not because of people not wanting to affiliate themselves with Bitcoin — it's simply just the fact that most people simply prefer a stable currency.

Yes, I think fiat is also a means of payment that is relevant at any time because it is stable,
so it's no wonder that almost everyone is reluctant to be affiliated with Bitcoin,
even so we never know what will happen in the future.

KingsDen

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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. s of exchange in any businesses we deal with.

I don't know how you guys get this revelation or inspiration of cryptocurrency being the only currency in digital market. What happens to fiat CBDC?
What is meant by only is that no other currency will exist across the whole world. Both US, China and other countries will collapse their individual currencies and their purchasing power and embrace cryptocurrency which does not have the backing of any government.

It is nice to accept bitcoin in your business and I also know that the adoption of crypto is increasing day to day.

mk4

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Quote from: uneng on January 14, 2023, 03:09:43 PM

Maybe people could adopt crypto stablecoins, then? Although they probably think their governments are more reliable than centralized third party companies issuing a digital currency pegged to dollar, which can fail and scam everyone at anytime. On the other hand, if there were trust, it would be a decent solution against the devaluing native currencies of most poor countries which can't give stability to citizens' lives.

USDC and Circle is pretty reputable as far as I know — that while not impossible, chances of failure might be very slim. I'm actually surprised why the masses haven't resorted to using USDC through cheap blockchains(Solana, Tron, etc). Though in the end — it'll completely depend on how good/bad a country's government is.

Bitcoin_people

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I think if you want to do good business in this market you must invest on good coins so you don't have to face losses. Bitcoin is the best coin in the market right now Bitcoin is in the best form right now. If Bitcoin is invested now and held for a long period of time, it will be possible to earn good quality profits in the future. We have seen Bitcoin grow a lot last year so expect Bitcoin to grow again in the next year. And it will be possible to consider yourself as a good businessman by investing in Bitcoin.

lalabotax

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

.. 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.

The only?
I don't think so.
This seems easy to say but hard to do. Our hope to increasingly make Bitcoin a global currency is real and reasonable. But to be the only digital currency? This may be difficult, because most countries are also developing digital currency. moreover, many countries still reject Bitcoin as a legal tender. so if we fight it means we are acting illegally. Not that we are super law-abiding people, but if we do it explicitly, this will actually hurt us. But on the other hand if it's legal in your country, this is fine and campaigning for the use of Bitcoin as a medium of exchange is better than just watching. The hope is that more and more people will be more familiar with Bitcoin with all the positive sides, not just the negatives.

Rana590

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It's true that people are accepting Bitcoin and others crypto currency as their payment methods and on other purposes. But we can't say that banking system and other options will be closed for this new era. Everything has some prons and cons in the transaction system. People will consider safety of their money, trustworthiness and others factors too.

uneng

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Quote from: mk4 on January 13, 2023, 03:41:21 PM

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.

You don't even need to test it. It's pretty much 99.9999% guaranteed that fiat will be the winner. And it's definitely not because of people not wanting to affiliate themselves with Bitcoin — it's simply just the fact that most people simply prefer a stable currency.

Maybe people could adopt crypto stablecoins, then? Although they probably think their governments are more reliable than centralized third party companies issuing a digital currency pegged to dollar, which can fail and scam everyone at anytime. On the other hand, if there were trust, it would be a decent solution against the devaluing native currencies of most poor countries which can't give stability to citizens' lives.

Lida93

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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.

I applaud your receptiveness of cryptocurrency as your means of doing business in both buying and selling, and am sure this liberty for such decision is based on the part of the world you find yourself. It's no bad idea though, but don't forget that there are countries that the cryptocurrency industry is highly prohibited by their government, while others don't have the technological wherewithal or are not technologically mateured yet to adopt crypto as general means of exchange in dealing with businesses. So OP let's not rush issues yet, one step at a time.

mk4

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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.

You don't even need to test it. It's pretty much 99.9999% guaranteed that fiat will be the winner. And it's definitely not because of people not wanting to affiliate themselves with Bitcoin — it's simply just the fact that most people simply prefer a stable currency.

Zilon

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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. So I urge every one of us to key into cryptocurrency as a means of exchange in any businesses we deal with.

That time might never come. The highest Crypto will achieve in years to come is more adoption and preference and by then both Crypto and fiat will co-e-exist with everyone choosing their own preference. Many will prefer to use CryptoCurrency to fiat as fiat value keep depreciating and the more adoption Crypto get the more it value appreciates.

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Quote from: jaberwock on January 13, 2023, 04:51:10 AM

Quote from: blockman on January 12, 2023, 01:53:40 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.

Yeah, it will just be a matter of time before many stores will be having their acceptance of bitcoin. But for the past two to three years, I think that acceptance has increased a lot compared to the past years under that. Bitcoin is growing and it's on a straight line that its acceptance rate will increase together with the demand too. It is that, many still don't understand what it is and how it works and there are people that still doubt it because they lack information all about it.

Bitcoin price didn't grow in a straight line and won't ever be as it's a volatile crypto but if it's only about the adoption rate or acceptance then I think yes. I am sceptical a bit when I say that because I realized that banning can also happen.

There are who continuously allow BTC but it was the people who got scared and refrain from using it by the time they hear a negative news, FUDs and then when they witness that it's value is sometimes dumping a lot. Learning is still essential so that it helps people to stay calm in the hard times but I don't think this will be effective to the government. Greed and wanting to control bitcoin is a different story anymore.

I don't worry about banning because they've been there years ago and then bitcoin was still able to overcome it. And the news of negativity and FUD that it spreads, they'll remain to be there.
But everyone who has an idea of what bitcoin is will have the thought that it's nothing wrong to have it and it's an actual piece of thing and technology that has a real value.

Topic: My business currency - page 2. (Read 503 times)