My business currency - page 3. | Bitcointalksearch.org

Helena Yu

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

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 depends

If you live in where Bitcoin accepted as legal tender, you can just show your wallet address's QR code and there's no need to make any report.

But if you're live in where Bitcoin isn't become legal tender, your business are big and need to follow regulations on your country e.g. accounting laws, tax etc, you need to spend more time to adjust that and of course it's hard.

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Quote from: Smartvirus on January 12, 2023, 12:18:10 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.

This part of the OP made me stressing to comprehend. You might want to rephrase what you've got there although, the theme is quite clear.

With adoption still the goal and increasing popularity, I think people are using bitcoin for day to day transactions when opportuned. For most, its for the fun of it as it is something rare and as such, you tend to take the chance when provided but, a time would come when it won't be uncommon in our world. The rudiments isn't a norm yet and so, one has still got to tread carefully, not to lose all them profits to market volatility.

From my view op is trying to call it "inflation" but he missed the line, so as a reader you should try to comprehend most words used by beginners. Other thing again I sense there is that, bitcoin is more cheaper and faster, smarter for transactions compared to buying USD from bank. I.e, buying USD with their local currency then trade to btc before using it for payment of goods is more cheaper than buying USD from bank and use it as a payment the charges are much unlike bitcoin.

BobK71

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Bitcoin is now quite popular as a cryptocurrency payment method. But there are still various restrictions on the use of Bitcoin around the world. But it is true that people are quite comfortable to transact through Bitcoin whenever they get the chance. It is expanding day by day. In spite of various hurdles, the interest of people towards Bitcoin will undoubtedly keep it at the top. Governments of different countries are researching it in various ways, but if we get government support then this will be the only medium where we can accept it as a reliable payment method to easily make payments from all over the world.

Ndabagi01

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Its adoption and use is going more viral as days pass by and we’re looking forward to its global use and adoption by all nations. Using it for paying in business or accepting from customers helps in its use and adoption.
One fact again is that, it’s here as a means of payment and saving money but not to compete with the fiat currencies or kill its existence totally. Their only and most significant difference is the centralised and decentralised form that they independently exist.

CapGelatik

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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.

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.

Plaguedeath

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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.

jaberwock

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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.

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Bitcoin/cryptocurrencies being the only currency in whatever market is a pipe dream. While I think bitcoin will gain market share over currencies in general, governments around the globe would definitely not allow their local currencies to die.

Cantsay

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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.

It's actually a great idea to adopt Bitcoin as a payment method in our business but before we do that there are certain factors that we must consider before the implementation of it.
It's same thing as opening a wheelchair shop in a community that has zero amount of crippled people. If you want to introduce Bitcoin payment into your business the most important question you should ask your self is; the people that are going to patronize me, do they have any idea of what Bitcoin is? Or do they even understand how the whole Bitcoin transaction work? If the answer is NEGATIVE then you can consider organizing a lecture on how to get started with Bitcoin you can teach them things like; how to buy Bitcoin, how to keep your Bitcoin safe ( things to consider when choosing a Bitcoin wallet) etcetera etcetera etcetera.

And in the process of all these you'll will end up building a relationship with them that will definitely affect your business positivity.

blockman

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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.

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.

ajiz138

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Actually this thread has been right on the Bitcoin Discussion board because it concerns your business for a medium of exchange to buy things with bitcoins.

It's not easy to buy goods using crypto exchange because each country has its own regulations, there are legal and illegal ones, so not everyone can do that, although we have pushed for the future and this returns to the existing regulations in their respective countries, if that remain in force while it is illegal then you will be dealing with local government law.

But there are some people on this forum in business who already accept bitcoin as a means of payment in their business.

[1] I now accept bitcoin payments in my Beauty shop
[2] One Month of Accepting Bitcoin for Payment
[3] Advantage of accepting bitcoin in business

Smartvirus

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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.

This part of the OP made me stressing to comprehend. You might want to rephrase what you've got there although, the theme is quite clear.

With adoption still the goal and increasing popularity, I think people are using bitcoin for day to day transactions when opportuned. For most, its for the fun of it as it is something rare and as such, you tend to take the chance when provided but, a time would come when it won't be uncommon in our world. The rudiments isn't a norm yet and so, one has still got to tread carefully, not to lose all them profits to market volatility.

Negotiation

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Yeh, But it seems to me that due to technical problems in some countries, it is not possible to use Bitcoin in all cases, because there are many countries that are still not able to do everything through Bitcoin, but they are trying, maybe it will be possible in the future. In order for Bitcoin to be accepted as a form of payment across the board, all the countries in the world that govern the world need to work together. If they all work together it is possible to make Bitcoin the only currency, At the same time, payment for everything is possible with Bitcoin.

But in any case it is my personal opinion that most countries will start exchanging Bitcoin within the next few years.

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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.

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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.

Topic: My business currency - page 3. (Read 503 times)