Governments of various countries are aware of the benefits and potentiality of Bitcoin but they do not allow it. This is because they cannot control it. But for that I don't think Bitcoin has any disadvantages. But yes, if bitcoin is backed by the government then bitcoin will become more powerful very quickly. Many feel that the government is not only endorsing it for liability relief but indirectly they also have a positive attitude towards Bitcoin.
If Bitcoin is approved in your country, you can easily use Bitcoin for payment, but if it is not approved, you may face legal complications. If you have the opportunity, you must first carefully consider where you will store your bitcoins, especially what kind of wallet you will use and how you will proceed with the business.
Topic: My little research. (Read 586 times)
Of course, it's a reliable investment and can be used as a real asset compared to some real state assets that are not reliable in times of disaster or war. These days people should be aware of not having bitcoins because they cannot just have some other assets while the world is not stable and small conflict can lead to an endless war like what is happening today in Ukraine. bitcoins is the solution and people should consider to have it while they are still making money with their job because there comes a time when they needed to migrate from their country and forced to leave everything they have except bitcoins because no one would ever know when you have it in your personal wallet.
Never pay attention to the government's views on Bitcoin, the government looks down on Bitcoin because they don't want Bitcoin to dominate their area which could bring down the financial system implemented in their area. Stay focused on your goals, Bitcoin is the best means of preserving value for the future. Keep learning about Bitcoin and how to invest safely, you will feel great benefits when you are ready to sell it.
Every investment always has risks, investors who are afraid of facing risks will never experience the pleasure of making big profits. You must have a firm attitude in every action, your decision is the best for you.
Every investment always has risks, investors who are afraid of facing risks will never experience the pleasure of making big profits. You must have a firm attitude in every action, your decision is the best for you.
You are new and don't have much knowledge about bitcoin so what you need to do now is knowledge and knowledge. You should not rush to accept bitcoin for your business or rush to invest in it with large amounts of money. It sounds easy, but when you enter the market you will see that there are many things you have to face, so prepare everything carefully before entering the market. Investing in bitcoin is just like your business, everything takes time, you should not rush and think that you can get rich quickly from bitcoin.
It is very important for us to learn about Bitcoin so that we can also interact with people when they are talking about what Bitcoin really entails. Bitcoin is the number one asset in the crypto market that is why so many investors prefer than any other altcoins in the market. Bitcoin is here to stay even as many coin projects keep cashing to zero. Understanding what Bitcoin means and the direction of the crypto market is an important aspect for us to keep our eyes on to make some profits from the market. As we are investing, it is also good for us to learn more about Bitcoin and the crypto market. 
I haven't been here for long but I have taken my time to read through some of the important conceptions about Bitcoin, and with my little knowledge, I really know that Bitcoin is a good means of investment if I can hold it from now till dear life.
I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
See, if you want to understand about Bitcoin, first of all, you know money, right? Money is a physical currency, that is, it has a body, it is a paper. You can do physical transactions with it. On the other hand, Bitcoin is a digital currency that has no physical existence, you can't hold it, you can't fill it, it exists digitally. But Bitcoin has some physical quantity, but you can't use it until it has a private code on it. The great feature of Bitcoin is that it is not controlled by any central bank or any government. Let's say you buy a car with Bitcoin, the thing you do is called a transaction and the transaction you write in a listing is called the blockchain. Bitcoin behaves like a currency and a stock at the same time. Bitcoin is increasingly being used to hide how much money you have.I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
Blockchain is an important part of making deals more secure and open, but it also makes things more complicated. As you said, these deals involve the possible hiding of wealth. Bitcoin's privacy and independence do, in fact, make it possible to talk about its moral and legal consequences.
I haven't been here for long but I have taken my time to read through some of the important conceptions about Bitcoin, and with my little knowledge, I really know that Bitcoin is a good means of investment if I can hold it from now till dear life.
I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
However, Bitcoin is a risky means of investment and it is not something that investors should be in a rush to sell. I am just saying this out of my own ideas based on my slight research.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
op You are interested in investing in Bitcoin. The first thing you need to do to invest in Bitcoin is to have a good understanding of Bitcoin. If you don't know well about Bitcoin if you want to invest then you can lose through it. Bitcoin is risky If you want to invest here you have to decide how much percentage you want to invest. You can't be in too much of a hurry after investing in Bitcoin, you have to take your time and invest carefully. Another important aspect of Bitcoin investing is to be patient with Bitcoin investing. I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
However, Bitcoin is a risky means of investment and it is not something that investors should be in a rush to sell. I am just saying this out of my own ideas based on my slight research.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
I haven't been here for long but I have taken my time to read through some of the important conceptions about Bitcoin, and with my little knowledge, I really know that Bitcoin is a good means of investment if I can hold it from now till dear life.
I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
See, if you want to understand about Bitcoin, first of all, you know money, right? Money is a physical currency, that is, it has a body, it is a paper. You can do physical transactions with it. On the other hand, Bitcoin is a digital currency that has no physical existence, you can't hold it, you can't fill it, it exists digitally. But Bitcoin has some physical quantity, but you can't use it until it has a private code on it. The great feature of Bitcoin is that it is not controlled by any central bank or any government. Let's say you buy a car with Bitcoin, the thing you do is called a transaction and the transaction you write in a listing is called the blockchain. Bitcoin behaves like a currency and a stock at the same time. Bitcoin is increasingly being used to hide how much money you have. I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
Before you add bitcoin as an additional payment method for your business, is bitcoin fully legalized in your country, and the number of people in your locality are they fully aware of bitcoin and its payment method of spending more than fiat due to gas fees? This is what you have to check before accepting bitcoin as another payment method for your business. While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
If you have checked both questions I asked, and you are satisfied that bitcoin is legal in your country and people in your locality can pay with bitcoin despite the gas fees charges, you can go ahead and introduce bitcoin payment in your business
Though it doesn't matter much if there are many people aware about bitcoin or crypto payment,
but I think, it is better to know the status of crypto in your country. So you won't be caught off guard if authorities will put sanctions in your business.
Because when it comes to adoption, some people will be curious once you posted it on your shop, and that's when they will start asking about it.
So in time, you will create awareness among your customers, this is why for me, it doesn't matter if the people know about crypto or not.
I haven't been here for long but I have taken my time to read through some of the important conceptions about Bitcoin, and with my little knowledge, I really know that Bitcoin is a good means of investment if I can hold it from now till dear life.
However, sometimes, an investment also needs an exit to achieve certain gains. and here, we must also understand when is the right time to exit or take profits and then rebuild Bitcoin investment. As long as we understand it, we will not go wrong on time. Don't let us want to take profits when the market is bearish. This will be a problem because it will not be as high as we expected. This is necessary if we want to take profits someday. And also think about the way to secure the assets, including how to keep our assets safe and we can access them. Don't let us forget this because this is digital. Something bad might happen if we are careless. I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
First of all, you also have to analyze the acceptance of Bitcoin in your area, whether people are still new or already familiar with Bitcoin. If you are already familiar with Bitcoin, then maybe it is quite easy for you to start. However, if you are in an area that is still very unfamiliar and closed with Bitcoin, this will be difficult and you need big efforts for it. hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
First, I would like to point you to my thread. I also run a business where I accept Bitcoin, and ever since I started accepting Bitcoin in my business, it has helped me to also accumulate some fractions of Bitcoin in terms of reserving my profits in Bitcoin as a personal investment. It's true that the price of bitcoin can be volatile, but sometimes it's also good for business, depending on the direction of the market. For instance, just take a look at the current price surge and imagine someone who has sold some goods worth about $15k and accepted Bitcoin in payment when the price was still around $25k, and if the person holds that Bitcoin till now, the price of Bitcoin is about $35k. Definitely, the person would make a profit selling those goods, and he or she would still make a profit holding that coin, so it's a double profit for that business. If you are also too scared to hold your bitcoin because of its volatility, then you can convert it to fiat currency when you receive the payment. One thing you should also know is that fiat currency may seem stable, but its value is steadily dropping. From my thread, you can see some helpful advice that guided me. There are still other threads like mine; you can search them.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
Before you add bitcoin as an additional payment method for your business, is bitcoin fully legalized in your country, and the number of people in your locality are they fully aware of bitcoin and its payment method of spending more than fiat due to gas fees? This is what you have to check before accepting bitcoin as another payment method for your business. While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
If you have checked both questions I asked, and you are satisfied that bitcoin is legal in your country and people in your locality can pay with bitcoin despite the gas fees charges, you can go ahead and introduce bitcoin payment in your business
Then that’s great if you made a research about something you know nothing that much of and this should be done to other investments as well no only in this technology.However, investing won’t be as easy as 1,2,3.. There will be phases you would encounter such as losing in some instances perhaps selling it with a lower market price than the entry price. Problem with implementing this as a mode of payment to any business is overall sustainability. Most of the businesses are having overall sustainability and efficiency. There are fees which needs to be considered. Also with not being able to pull those payments out especially with a lower market value vehicle. Many business owners in my area have tried doing so; they ended up just being considerate.It would be much better if you will just segregate an amount to reinvest and on a daily basis than to go all out and reflectwhere things started already.
In my opinion, if Bitcoin is used to buy products priced at $1 - $10 then a network transaction fee of around $0.5 will feel expensive, especially if we buy the product two or three times a day. However, for buying and selling goods that have a price above $100, it will be effective, especially if we buy products across borders, it will look very cheap if we use Bitcoin.
With this kind of transaction, the transaction fee will really feel expensive so for now I do not think Bitcoin is good for a small amount of business transactions.Damn, bro, this is a very worrying thing about the expansion fee.
Bro, your reply helped a lot and pointed out that before accepting bitcoin as payment for business, I should also think about whether there is a big transaction in my business from which the gas fee is not a problem. Will be. I think the OP should also be encouraged that if their business involves buying small products or small transactions, then accepting bitcoin can lead to a loss for their business instead of a profit. If I am not mistaken and am I describing the right meaning of the subject,
I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
No wonder everyone knows why the government refuses to accept Bitcoin for their own country. The government is unwilling to accept bitcoin because the purpose of bitcoin is to create a system in which the sole owner of the supreme authority is bitcoin. While the government is facing trouble for accepting Bitcoin because they want no such system to be created without third-party interference, Third parties refer to the centralized authority of the banking system. Although it has been said that Bitcoin does not need any third parties, it connects people through a decentralized peer-to-peer network. While this government is not ready to accept such a system in which everyone can transact among themselves without any difficulties and without any dependency, And this is the reason why the governments of most countries are afraid to accept Bitcoin, because if the Bitcoin system is implemented, the centralized authority of these governments will be reduced, and they will not be able to take or accept any such action. This government will not want any such case to happen.
However, while Bitcoin's ideal is utopian, the very governments in question have been erected on the backbone of centralized power. Its not realistic to think that they will just accept a system that changes the way things are done. Doesnt it make sense, and even seem likely, that they're acting in what they think is best for them? Still, one has to wonder: when does self-preservation stop progress? When does that need to protect yourself turn into pure stubbornness?
It's really easier to use digital currency in making transactions as you just need to be able to connect to the internet and then process the transactions, cause we know the hassle of bringing fiat money like the coins which is to heavy to carry. But I agree that if you are starting a business, then you accept BTC in making transactions, for sure it would be hard to process and cycle the capital, since BTC is volatile, if you do not take the capital from your sales, for sure you would lack funds for providing the needs of your business such as restocking your foods, shirts and etc., as you only hold the Bitcoin. Imagine Elon Musk, that are capable to run a company related to spaceships and technologies, but still gave up using digital currencies since they are too volatile causing money to get liquidated.
This is easy if someone understands how and for some ordinary people their views may never be the same as ours. Furthermore, I want to say one thing that generally happens in my area, banking services that use ATMs are not a solution for ordinary people because they don't understand how to access them. The issue of volatility will be a problem and what is added is if the capital we have is not large, so that when we make a round of capital to spend on new goods it will not work well. That is why it is necessary to think about steps if you want to accept payments using bitcoin and if someone is not ready then this issue will become a problem.Well, in my country, there are few people that accept Bitcoin or crypto in making transactions since it's not that widely spread yet, but if the government plans to take action and put taxes in it, for sure they would have a hard time cause back then, even a P2P game Axie, they did not succeed on putting taxes on it. They could only ban it or put an alternate digital currency such as the popular in the Philippines which is what we called Gcash similarly to Paypal.
In my country it is even worse and if we use bitcoin payments in certain businesses we will be subject to legal sanctions because our country only allows using bitcoin as an investment asset. The opportunity to use bitcoin as a transaction tool is still not wide open because the government and people are not ready to use this system and so just use what is allowed so that we don't have problems with the law. 
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
Not a bad idea though, accumulating bitcoin gradually through your business while learning the ropes. This will give you an opportunity to maximize your potential profit in the future, I tell you. However, you should always keep in mind to put the amount of money you can afford to lose, no matter how confident you are with bitcoin. Though historically, bitcoin has been in an upward motion since day 1, but there are still a lot of circumstances that might happen with your investments outside the risk for bitcoin to go zero, like emergency situation that you need to withdraw your bitcoin promptly or any untoward events that'll potentially causes your assets to be lost.
I haven't been here for long but I have taken my time to read through some of the important conceptions about Bitcoin, and with my little knowledge, I really know that Bitcoin is a good means of investment if I can hold it from now till dear life.
I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
However, Bitcoin is a risky means of investment and it is not something that investors should be in a rush to sell. I am just saying this out of my own ideas based on my slight research.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
But what is the main goal of this topic mate? you did not clarify what isI have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
However, Bitcoin is a risky means of investment and it is not something that investors should be in a rush to sell. I am just saying this out of my own ideas based on my slight research.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
the whole point , yes you have a little research yet not completely knowledgeable , yet you did not put any question
so for what is this thread created? better you changed the tittle "My Little Story" because it sounds like you have just
story telling.
If you wanted to adopt bitcoin as a payment option , then best to understand
the Volatility of Bitcoin that may change your capitalization from time to time so if ever, then must be ready for keeping
the coins than circulating this for your business.just a heads up because that is what the problem you will face soon.
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
Accepting Bitcoin as a means of payment for your business is not a bad idea, but rather I would have love to suggest you do that after having a proper knowledge about how Bitcoin works, but instead, you can buy a little as an investment asset for the future, which is literary the best way to invest in Bitcoin, since you stand to reap a higher profit when it's value skyrocket in time, unlike when it will be used as a mere medium of payment, where you will be getting paid and Bitcoin, and then going forward to selling it when you want to restock your business.While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
To be honest, I have no experience transacting using bitcoin because in my country bitcoin is only legal as an asset and can only be used for trading on the crypto market. Our country still prohibits bitcoin from being used for transactions and all transactions must use our local currency (IDR). Maybe it would be really fun if we could transact with bitcoin. I hope our country will also legalize it one day
I hope your government wake up from its slumber and reaized that your country is missing out on making transaction solely in local currency and one day legalize the use of Bitcoin. We cannot avoid the fact that there are really conservative government official and does not listen easily especially when it comes to implementing new technologies.
In my opinion, if Bitcoin is used to buy products priced at $1 - $10 then a network transaction fee of around $0.5 will feel expensive, especially if we buy the product two or three times a day. However, for buying and selling goods that have a price above $100, it will be effective, especially if we buy products across borders, it will look very cheap if we use Bitcoin.
With this kind of transaction, the transaction fee will really feel expensive so for now I do not think Bitcoin is good for a small amount of business transactions.
So, you want to use it for transactions rather than investments?
Perhaps the first step you should take is to research the regulations in your country. Is conducting transactions with Bitcoin prohibited or allowed? By being aware of these regulations, you can conduct your business securely without the risk of legal issues in the future.
Next, the second point is to research the payment methods. While using FIAT currency for payments is very common in society, it doesn't necessarily mean that using Bitcoin will significantly boost your sales. I don't have an issue with transaction fees (if the price of the item you're selling is above $10), as long as users are comfortable and willing to use Bitcoin, that's even better.
The rest, you'll discover whether Bitcoin genuinely facilitates easy transactions in your area or not. Using it as an investment instrument isn't a bad idea either, if you're interested.
Perhaps the first step you should take is to research the regulations in your country. Is conducting transactions with Bitcoin prohibited or allowed? By being aware of these regulations, you can conduct your business securely without the risk of legal issues in the future.
Next, the second point is to research the payment methods. While using FIAT currency for payments is very common in society, it doesn't necessarily mean that using Bitcoin will significantly boost your sales. I don't have an issue with transaction fees (if the price of the item you're selling is above $10), as long as users are comfortable and willing to use Bitcoin, that's even better.
The rest, you'll discover whether Bitcoin genuinely facilitates easy transactions in your area or not. Using it as an investment instrument isn't a bad idea either, if you're interested.
Jump to: