Why Your Business Should Care About Bitcoin?

btvGainer

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

You have summed up it well in above three points you mentioned.
Yes bitcoin is simple even kids can use it but it is irreversible also which is like two edged sword.
Bitcoin is definitely fast than any other method of transferring money but the wallets where it is kept still need more safety features.
Bitcoin is not cheaper but I assume you mean sending bitcoin is cheaper which is absolutely true

lumeire

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Well in all honesty it doesn't have much of an effect if your business isn't finance/remittance related. Not a lot of my sales comes via bitcoin, it's just about once or twice a month. This is probably why a lot of merchanys doesn't dwell much on btc.

shinratensei_

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

I agree with all of your 3 points have you mentioned it. but for the point 2 bitcoin is not enough for completing all of the requirement for becoming the point two because like a confirmation and the volatility is be a different issue.

boybugs18

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the only downside of it is that sometimes the price of bitcoin is unstable so business like ordering online can benefit of it cause they can just change the price of any items on their list easily . I don't think how can restaurants can do transaction with bitcoin because of the changing price everyday.

Indrawan77

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Implemented bitcoin in business sure is a good thing, with the bitcoin simplicity and can be used world wide, it's a good idea to start business using bitcoin, and the secure transaction will enhance the trust of your clients, the problems lies in the speed of transaction and the value exchange, because people still measure their product using fiat

Kakmakr

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The most important reason why a business should consider using Bitcoin, must be that it would open a new income source for sales. You should follow the trends, and the latest trend is Bitcoin. If you have two businesses next to each other and both accept traditional legacy payment methods, but the one also accepts Bitcoin, who would be the business that has the edge over the other one? Obviously the one accepting Bitcoin.

If a Bitcoin customer visit the two companies, and he has to chose which company he will support, which will it be? The one not supporting Bitcoin, or the one that does?

Rubberduckie

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I think the main reason for any business to take bitcoins is simple. the
more options you give people to pay the more customers and money
you make.

There is a grocery store by my house that doesn't take discover and I don't
shop there because my discover has a great cash back rewards program so I
use it for all my purchases. Them not taking Discover is hurting their business
just like any business that isn't open to taking all forms of payment.

Taking bitcoin can only help and especially with btc because its a growing community
and people support other bitcoin supporters.

traderethereum

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

i am agree with you reason but unfortunately we should have to waiting for more years before it can be applied into our business except we start to receive payment with bitcoin. because people will thinking about legacy of bitcoin, people will ask is it good to buy and sell with bitcoin, and maybe they will still comfort by using fiat for the payment.

Caladonian

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Quote from: HabBear on September 26, 2016, 10:25:41 PM

Quote from: fritzdark on September 23, 2016, 02:24:45 AM

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

That's a great start. Business owners need more details!

How is bitcoin more simple than cash?

How is bitcoin faster and more secure when it takes minutes to complete the transaction and the risk of exchange rate fluctuation is high?

How is bitcoin cheaper? Well...it's probably cheaper.

well if you believe you can easily answer those question its just needed to be well explained as we all here believes that this transaction can replaced any online and offline one.

HabBear

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

That's a great start. Business owners need more details!

How is bitcoin more simple than cash?

How is bitcoin faster and more secure when it takes minutes to complete the transaction and the risk of exchange rate fluctuation is high?

How is bitcoin cheaper? Well...it's probably cheaper.

bravehearth0319

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Quote from: Shiroslullaby on September 26, 2016, 04:51:03 PM

Personally, I think that the price of Bitcoin is stable enough that I would have no issue accepting payment in BTC.
If I had any kind of online business I would definitely accept Bitcoin.
If accepting payment in Bitcoins can increase your customer base by even a few people, its definitely worth it IMO.

Like your thought, all member in this forum are also dreaming to have an online business and will accept bitcoin as payment. But in reality there are few investors only who have their owned online business which they accepted bitcoin as payment.

bravehearth0319

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

If I have a business, And I'm also a bitcoin enthusiast I would really should care about it. But if I have a business and I'm not a bitcoin enthusiast probably there's no reason for me to care about in bitcoin. And yet I'm a bitcoiner it is true that very safe and secured and so simple to use.

Kotone

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

For me i consider using bitcoin because it is
1. it is free to earn and easily to hold.
2. you can use it as currency to do trading investments , and gambling activities
3. it has fast transaction and less fee's you pay for depends on what we are going to do.
4. No one can know your Identity.

TraderETH

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

You are right and another reasons, bitcoin is new innovation never exsist before and it will become more popular and will there are many people who use it, it is my chance for use and making investment into bitcoin before the price more going up.

Hirose UK

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Quote from: fritzdark on September 23, 2016, 02:24:45 AM

Bitcoin has become inescapable all around the world. From the headlines in the papers to the top story in tonight’s news coverage, every now and then people talk about bitcoin, be it about a new service that accepts it or a rise or fall in exchange rates.

for me, i will consider it in my business for 3 reasons:

1. IT’S SIMPLE
2. IT’S FAST AND SECURE
3. IT’S CHEAPER

so how about you, mind if you share your thoughts.. it'll be much appreciated.

thanks!

because the system is better than bank, I think we know about this, and if our costumers know it too, then our business will take high profit.

and the profit will be highest if we can predict the price of bitcoin, it's just kind of strategy the manager uses.

praprata

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Quote from: oceanriver on September 26, 2016, 06:17:52 PM

Quote from: Shiroslullaby on September 26, 2016, 04:51:03 PM

Personally, I think that the price of Bitcoin is stable enough that I would have no issue accepting payment in BTC.
If I had any kind of online business I would definitely accept Bitcoin.
If accepting payment in Bitcoins can increase your customer base by even a few people, its definitely worth it IMO.

of course it is stable enough, we dont need for it to be even more stable to be honest because then it would be boring

Its also not that it has too be stable right now because of the fact that it will be a good investment to make profit with your business.
It does not matter if it will be stable or not stable..

Doamader

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Quote from: bitbunnny on September 26, 2016, 06:58:48 PM

Bitcoin is ideal currency to support new, inovative, high-tech businesses. Many young people when opening they start ups are choosing Bitcoin, at least partialy. But stil because of vulnerability of the price and lack of legal regulations Bitcoin is stil not fuly accepted because in practice people often encounter problems and they can't fuly abandone fiat.

Not only high-tech business could or should adopt bitcoin, i do believe there are already a big number of people using it, lan houses might allow bitcoin as the owners should be connected and know about bitcoin advantages.

bitbunnny

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Bitcoin is ideal currency to support new, inovative, high-tech businesses. Many young people when opening they start ups are choosing Bitcoin, at least partialy. But stil because of vulnerability of the price and lack of legal regulations Bitcoin is stil not fuly accepted because in practice people often encounter problems and they can't fuly abandone fiat.

Tyrantt

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I doubt that it will be mass implemented into business just because of the price rises and drops. I've ask one website admin if they're planing on implementing bitcoin as a payment option and they've said no because of the price of bitcoin. It needs to get more stable, then people will start implementing it a lot more.

MingLee

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Quote from: oceanriver on September 26, 2016, 06:17:52 PM

Quote from: Shiroslullaby on September 26, 2016, 04:51:03 PM

Personally, I think that the price of Bitcoin is stable enough that I would have no issue accepting payment in BTC.
If I had any kind of online business I would definitely accept Bitcoin.
If accepting payment in Bitcoins can increase your customer base by even a few people, its definitely worth it IMO.

of course it is stable enough, we dont need for it to be even more stable to be honest because then it would be boring

It can be stable in the future and once everyone starts to use it more commonly, for now the volatility helps to keep people interested and invested in the currency before it takes off. Once it does take off, we'll see a lot more stability (presumably) and that can be when it is used more. Some companies just have to take the first step.

Topic: Why Your Business Should Care About Bitcoin? (Read 1581 times)