|
Title: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 07, 2018, 07:12:48 AM So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it.
How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: mindrust on July 07, 2018, 07:18:20 AM I did the opposite. I was the seller and accepting only bitcoins and the buyer had no idea about it. (He found my thread via google) I explained it to him, he bought the coins and then I sold the stuff for bitcoins.
Experienced the exact same story 3 times before I run out of stock. All of them insisted on bank wire transfer first but then accepted the offer. I guess they were desperate. ;D edit: See this. https://bitcointalk.org/index.php?topic=4615922.msg41748613#msg41748613 I understand what you are trying to say but your logic is flawed. Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value. If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded. Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar. Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it. A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again. TLDR; you are asking the wrong question. The question should be: "How many customers have you convinced to spend their bitcoins?" Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: virendarnagpal on July 07, 2018, 07:22:24 AM It was in December 2017 when my friend introduced me to bitcoin. Though I had heard about bitcoin few years back but was not really interested in it. But after the incidence my curiosity for crypto increased.
I being in small city people here are not knowing crypto. So till date I could not pay my bills via bitcoin. Also the current situation is not in favour of bitcoin and restrictions are being imposed on it's sell or buy transactions. I wish to have a tour to some bitcoin friend country in very near future and there I will use crypto for payments. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: First77 on July 07, 2018, 07:23:50 AM I purchased a chair from amazon.com and it broke in 2 months. The seller is not giving refund or new chair. Amazon is not replying to my emails . No help from amazon and they deleted the review that I posted on amazon for the seller and bad service from amazon.
Do you think people will use bitcoin when there is no protection against fraud from sellers ?? Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: maichimoto on July 07, 2018, 07:30:37 AM I have been accepting cryptocurrencies as merchant numerously, I still get paid in cryptocurrencies, so I definitely put the money where my mounth is. You're right, more people need to promote bitcoin payments
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 07, 2018, 07:36:39 AM It is definitely not a easy job to do this. I have once been banned for 2 years from a online gaming platform, because I asked if they wanted to consider accepting Bitcoin as a payment option. ::)
I have also been shown the door, when I asked a "Spy shop" selling electronic spy gadgets, if they would be open to accepting Bitcoin as a payment option. The owner was scammed a few months back from someone that bought something with bitcoins and he took his rage out on me. >:( Even, if you do not convince some merchant to accept Bitcoin as a payment option, it would stimulate their curiosity, if someone walk into their shop every day, asking for this. ;) I am currently targeting a Drone shop in my area. ;D ;D ;D Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: faithofb on July 07, 2018, 07:44:09 AM We need not to even convinced any merchants to accept the use of bitcoin as payment gateway because most of them will still see the usefulness of the technology
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 07, 2018, 08:04:03 AM We need not to even convinced any merchants to accept the use of bitcoin as payment gateway because most of them will still see the usefulness of the technology You are wrong on so many levels. ::) Bitcoin has the edge over other Alt coins, because of it's large merchant network and also because they have such a big pool of people using it. Bitcoin adoption might be larger than it's competitors now, but it will decline IF the merchants stop accepting it as a payment option. We only have the advantage over other Alt coins, because Bitcoin has a head start over other Alt coins. So please stop thinking like that and look at the consequences, if people stop growing the Merchant network. >:( Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Sonik33 on July 07, 2018, 08:10:46 AM It's not a matter of starting or not, but it's about permission issues. My country has not granted permission to use bitcoin as a medium of exchange. If I get caught violating the permit then I will be punished.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 07, 2018, 08:25:01 AM It's not a matter of starting or not, but it's about permission issues. My country has not granted permission to use bitcoin as a medium of exchange. If I get caught violating the permit then I will be punished. Ah, that is a very valid point. Thank you for mentioning that, because it is very important that you do your homework before you do this. The local laws and regulations is very important and if Bitcoin is banned or restricted in any way, then merchants will be reluctant to accept Bitcoin as a payment option. I made sure that I did that research before I approached them, because I have to answer their questions. <Taxes is also an issue> There is no harm in asking though and if they do not want to accept it directly, then they can work through Payment processors that convert bitcoins received to fiat currencies. <This is not ideal, but it works for most of them and it still creates an demand for Bitcoin> ;D Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: BitBite5 on July 07, 2018, 08:37:22 AM We need not to even convinced any merchants to accept the use of bitcoin as payment gateway because most of them will still see the usefulness of the technology You are wrong on so many levels. ::) Bitcoin has the edge over other Alt coins, because of it's large merchant network and also because they have such a big pool of people using it. Bitcoin adoption might be larger than it's competitors now, but it will decline IF the merchants stop accepting it as a payment option. We only have the advantage over other Alt coins, because Bitcoin has a head start over other Alt coins. So please stop thinking like that and look at the consequences, if people stop growing the Merchant network. >:( But in order for merchants to accept bitcoin on a larger scale they need to be exposed to lower risk. Besides volatility there is also lack of regulation which all together leads to fact that many merchants are still reluctant to accept bitcoin. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Dudeperfect on July 07, 2018, 08:40:50 AM To be honest, I haven't personally convinced anyone to accept Bitcoin. However, I wrote a series of articles giving information about Bitcoin and cryptocurrencies in my native language back in 2014. The total hit so far is more than 20K on my blog series so I hope that at least 5% of them have started using Bitcoin and that number might be around 1000. To be honest, I don't have any exact data of actual Bitcoin users from my blog audience.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: buternasek on July 07, 2018, 08:42:07 AM I do not think it necessary to force merchants to accept bitcoin. There are many others who will appreciate bitcoin as a means of payment. Not only one or two traders are willing to accept bitcoin as a means of payment, but there are many and even already exist in different countries.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: RawDog on July 07, 2018, 08:42:42 AM What a joke. All merchants stopped. Taking bitcoin in common business is dumb. That is a failed notion. It stopped about 3 years ago. Blockstream WANTED it to stop. And stopped it did.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Juggy777 on July 07, 2018, 09:11:34 AM In the initial phase it was really difficult to convince people this was at 1k and the suddenly bitcoins started booming up and it became easy to explain sellers why should they accept it. Even though I had encountered a difficult spot with few as they refused to buy it, over a period of time was able to convince them to accept payments and now many are thankful they did.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Heidim on July 07, 2018, 09:18:03 AM I did a quick google search to see if I can spend or pay with bitcoin in my country. I found a great site accepting Bitcoin, and now I just have to try it out. ;D I will report back on the experience. This will be my very first time buying something with Bitcoin.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: realcrypto on July 07, 2018, 09:26:04 AM It is very difficult to convince a merchant to accept bitcoin since merchants always calculate and maximize profit in any business venture. I have convince up to three merchants to accept bitcoin.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 07, 2018, 10:06:01 AM What a joke. All merchants stopped. Taking bitcoin in common business is dumb. That is a failed notion. It stopped about 3 years ago. Blockstream WANTED it to stop. And stopped it did. I should have made this a self-moderated thread. The Trolls are out again. ::) Oh, well... we might as well promote freedom of speech to them too or they will run to Roger Ver and Cry me a river because this forum is supposed to be censored. ::) In my opinion merchants stopped accepting Bitcoin, because a lot of users stopped spending it. Last year, the price went to $19 000+ and everyone was spending coins, but now the price took a 70% nose dive and everyone is hoarding. If this continue, more merchants will have no incentive to continue supporting it. ::) This is why I am a strong supporter of the strategy to Hoard 80% and spend 20% of all the coins you buy. This way, merchants will continue supporting it and Bitcoin will once again rise up from the ashes. ;D Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: 1Referee on July 07, 2018, 10:37:33 AM None. It just doesn't feel good to convince merchants to accept something I am not willing to spend.
On the other hand, I made dozens of people in my circle familiar with and accept Bitcoin, which they are now heavily into, and these people are sharing their knowledge with their friends, and so forth. It has become a means of payment from peer to peer for people conducting transactions through the internet. For local payments it's not convenient yet. As long as my legacy debit card does a better job than Bitcoin, I'll keep using that, and I'm sure a lot others are with me on this. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: indayburakday012 on July 07, 2018, 10:42:16 AM Why should i use bitcoin for payment? I do not think it will let me earn more dumping more bitcoins. As we all know dumping more bitcoins means losing some of your money and it could be difficult to dump more bitcoin especially if market price is low that means you will going to lose more bitcoins in the process of payment.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: stompix on July 07, 2018, 11:16:18 AM I should have made this a self-moderated thread. The Trolls are out again. ::) Three guys out of 10 voted for 20-50 merchants. This is just as worse as rawdog comments, but at least he's a special case. If we would maintain that proportion for like..1000 users it would mean that there are already at least 6000 merchants that have been convinced to accept BTC. Which is bs. As for me, 0, zero, nada, not a single one!! Not only I'm not good at interacting with people when trying to sell an idea but in my town most shops are run chain stores, the guy behind the counter has absolutely no power deciding about payments options. As for small private shops ....I think I can safely say I haven't stepped into one in the last 3 months. So, unfortunately, my contribution is a big nothing, but at least I'm honest about it. I do not think it necessary to force merchants to accept bitcoin. Nobody is talking about pointing a gun, we're talking about convincing, not forcing. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: ajqjjj on July 07, 2018, 11:30:44 AM It depends on legalisation because my country crypto is not legalised so merchants are not accepting the Bitcoin but my friends are know Bitcoin so we only exchanging our Bitcoin. I think government is accepting in future we don't count the merchants list but after legalised everyone accepting the crypto payment.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: xTz on July 07, 2018, 11:38:51 AM I am struggle to find customers that pay in bitcoins for my services :) . I removed visa and wire transfer payment gateway, and my website accept only Bitcoin at this moment.
And you asking how many merchants have we convince? It is a wrong mentality setup in crypto overall. In sense that Bitcoin is a store of value, so people over hold bitcoins in a hope they become rich some day. Nobody read the title of white paper " A Peer-to-Peer Electronic Cash System " not a peer to store of value. So, my business started as a local service in my city, now i want to provide services for new start-up business over the world. Ofcourse i am at the start and it need time to improve S.E.O , i do not know how to promote my business and how to teach my customers how to transact crypto. It is hard, but i am a persevering person. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Marlo Stanfield on July 07, 2018, 11:42:11 AM Bitcoin become the next gold isn't going to depend on consumers interacting with merchants. It seeds to be integrated into the global high finance system. Centralized credit systems are vastly superior for consumers. People thinking consumer payments are thinking too small imo.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: xTz on July 07, 2018, 11:50:18 AM Bitcoin become the next gold isn't going to depend on consumers interacting with merchants. It seeds to be integrated into the global high finance system. Centralized credit systems are vastly superior for consumers. People thinking consumer payments are thinking too small imo. I disagree, i wish there will be hypermarkets in my city where i can buy grocery with bitcoin. When they implement this payment people will start to be more informed about that payment gateway. When they discover they do not need any banking and id details to use it, then we can hope in mass adoption.So, to me is important for merchants to start accepting bitcoin. Then jobs maybe will offer salary bonuses in crypto. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 07, 2018, 12:17:10 PM Why should i use bitcoin for payment? I do not think it will let me earn more dumping more bitcoins. As we all know dumping more bitcoins means losing some of your money and it could be difficult to dump more bitcoin especially if market price is low that means you will going to lose more bitcoins in the process of payment. This is the type of comments that are keeping me up at night. ::) If Bitcoin stagnates and primarily become a Store of Value, then we will all suffer, when we want to spend it. The main goal must be to be able to spend your bitcoins eventually, not to convert it to fiat. The short sighted views like this will keep us in the fiat chains, forever. The ultimate solution for Bitcoin was the fact that you could pay someone directly with bitcoins, without having to use fiat currencies or having to rely on third party services to do that. Now, people only see Bitcoin as a Store of Value and a commodity and they are blinded by their greed to constantly make profits on their investment in Bitcoin. >:( These third party services also add fees for this service and this makes Bitcoin transactions more expensive. This is destroying the advantages that Bitcoin has over other payment options. :( <They even destroy it's pseudo anonymity, because you have to identify yourself with all these KYC/AML nonsense.> >:( Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: xTz on July 07, 2018, 12:21:51 PM Totally agree with @Kakamakr
With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: VitKoyn on July 07, 2018, 12:36:01 PM I remembered a friend of mine have a small online business for printing t-shirts and selling branded shoes, I once told him about why not accept it as a payment since he's also a cryptocurrency investor and there is no problem with the government in our country about using it for payment because there is already a local exchange here that already functions as an cryptocurrency exchange and payment processor as the same time that is regulated by central bank. He agreed to me and said yeah why not and he will try it, after weeks I asked him again about it, but the thing is no single person wants to purchase his products using cryptocurrency because people don't want to spend their Bitcoins/cryptocurrency because they hope that the value will go up, in short people wants use Bitcoin/cryptocurrency as an investment not for payment.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Jansaa on July 07, 2018, 02:51:47 PM There are a lot of merchants who are supporting bitcoin and altcoin /
This time less than before but the numbers are still quite large. The amount will increase gradually until the end of the year! Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: richardsNY on July 07, 2018, 06:02:02 PM Why should i use bitcoin for payment? I do not think it will let me earn more dumping more bitcoins. As we all know dumping more bitcoins means losing some of your money and it could be difficult to dump more bitcoin especially if market price is low that means you will going to lose more bitcoins in the process of payment. I spend Bitcoin quite regularly, and the way I won't ever have to lose out on future increases is that I directly buy back everything I have spent. That allows me to spend my coins regardless of the price, because I know I'm buying them back with fiat. I have been focusing too much on the speculative nature of this market and never bothered to spend Bitcoin, but I'm happy that I am now spending more. I'm not actively looking for places to spend, but just spend when I need something, just like how we are using fiat. I want to see the currency aspect gain more solidity instead of just speculation. It's the real use that contributes to Bitcoin's utility value after all.... Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Phlaser on July 07, 2018, 06:07:37 PM I have advised about 30folks to join the cryptocurrency. Quite a few are pissed with me cause they've not been able to get back their investment capital. But then the rest understand the technology and are good to go.
So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Diablomania on July 07, 2018, 06:14:43 PM I dont think that i convinced someone, i really tried to introduce some people but it was a really difficult task for me, i mean, it is not easy to introduce someone to invest money in here.
You need to have very good marketing skills Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: BitHodler on July 08, 2018, 12:21:46 AM I have advised about 30folks to join the cryptocurrency. Quite a few are pissed with me cause they've not been able to get back their investment capital. But then the rest understand the technology and are good to go. That's why you should never start talking about investments and gains. It can only work against you because people are too stupid to understand that everything they do is their own responsibility.I only point out Bitcoin's advantages and it's decentralized nature, and from there they need to figure out everything else themselves. If they end up investing and losing afterwards, they at least won't be able to blame you. It's up to us to make sure people enter this industry for its technology and censorship resistance. Everything related to investments isn't our problem. We are in no position to provide financial assistance. Crypto is too speculative. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: meanwords on July 08, 2018, 03:57:12 AM Well, I've never really advertise Bitcoin into any merchants before, but what I do is introducing my friends what is Bitcoin and how does it work. It's not a surprise on how they reacted to it though. Since Bitcoin is new to them, they have very different opinions, but most of my friends just doesn't care much about it. Some of my friends are interested so I introduce them to this forum. I also got into a point where I convinced a friend of mine to invest into an altcoin and we all profited big time.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 08, 2018, 09:41:21 AM Something that I like to do, is to target merchants where I know people will spend bitcoins and where the merchant is technology related. They also must have a website, because that opens up a world of opportunities. The little Coffee shop around the corner will not get enough "Bitcoin" business, if there are not a lot of Bitcoiners in the area, so it is useless to target them. ::)
My most successful attempts was "technology" companies and Guesthouses. ^smile^ Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: mindrust on July 08, 2018, 09:54:37 AM Totally agree with @Kakamakr With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value I understand what you are trying to say but your logic is flawed. Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value. If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded. Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar. Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it. A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again. TLDR; you are asking the wrong question. The question should be: "How many customers have you convinced to spend their bitcoins?" Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Leo Barnes on July 08, 2018, 11:23:56 AM So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. First and foremost let us be true to our self to convince a merchant to accept bitcoin is a hard thing to do first they will protect their investment, of course, they will collect data to study the case if they going to accept bitcoin as the mode of payment what happens if they found that bitcoin and cryptocurrency is volatile, are they going to take the risk? How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: xTz on July 08, 2018, 01:40:37 PM @mindrust
The reason bitcoin is in a limited supply is not to be store of value, is to not be inflationary monetary system cash, when you have a limited supply it will be deflationary cash, but that's not quite good to be deflationary in long term exactly from this reason, people will treat it as a store of value and it will block cashflow. If someone say for sure 100% bitcoin will be 1mil dollars in 10 years guess what will happen in future? Nobody will sell! That is not what bitcoin supposed to be. But what if someone say for sure 100% guaranteed that bitcoin will drop to 10 dollars? People will start to use it. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: edisystem on July 08, 2018, 01:43:30 PM 0, because it's really hard to convinced merchants here to accept bitcoin and also people here don't know about bitcoin. That's why no one merchants here accept bitcoin as a payment. Bitcoin is not popular in my country, that's why it's quiet hard to convinced merchants to accept bitcoin.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: mindrust on July 08, 2018, 01:44:43 PM @mindrust The reason bitcoin is in a limited supply is not to be store of value, is to not be inflationary monetary system cash, when you have a limited supply it will be deflationary cash, but that's not quite good to be deflationary in long term exactly from this reason, people will treat it as a store of value and it will block cashflow. If someone say for sure 100% bitcoin will be 1mil dollars in 10 years guess what will happen in future? Nobody will sell! That is not what bitcoin supposed to be. But what if someone say for sure 100% guaranteed that bitcoin will drop to 10 dollars? People will start to use it. Opposite of inflationary means deflationary. You should open up a dictionary and see the meaning of deflationary. I case you are too lazy to do it here is a free service: https://www.thefreedictionary.com/deflationary Quote from: https://www.thefreedictionary.com/deflationary A persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money Bitcoin is deflationary because it has limited supply. Since its supply is limited it will always go up against the USD. Since its always going to go up against the USD, nobody wants to spend it. I never said bitcoin isn't cash. If you read my message again you'll see i said it is indeed cash. It is a deflationary cash which nobody wants to spend. It is the business owners duty to grab those bitcoins from the hodlers. Hodlers already made up their mind for hodling. Bitcoin is a cash system Now tell me, which part haven't you understood exactly? Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Ferris419 on July 08, 2018, 01:52:10 PM So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. It is very difficult to explain what bitcoin is and accept it for payment. in my country. only about 15-20% of the population knows bitcoin. and only a few understand bitcoin. So I think at the present time. It is difficult to convince someone to accept payment by bitcoinHow many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: angelinedelatorre on July 08, 2018, 01:56:03 PM I encourage my friend and family to join and invest in bitcoin but some of them did not convince. Only 5 of them I convince to invest and now they are enjoying their earning and they are holdings some of bitcoin.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 09, 2018, 07:40:40 AM Totally agree with @Kakamakr With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value I understand what you are trying to say but your logic is flawed. Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value. If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded. Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar. Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it. A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again. TLDR; you are asking the wrong question. The question should be: "How many customers have you convinced to spend their bitcoins?" No, the question is specifically targeted to the Merchants for a reason. No matter how long you hoard or how many coins you buy, it eventually needs a Merchant network for you to spend it. A lot of us do not want to continuously convert to fiat currencies to spend our bitcoins. The merchants accepting Bitcoin as a payment option is very important, if you look at the bigger picture. < A picture, where fiat currencies are replaced by Bitcoin > Once we create the "use case" and the alternative option, then people will have a choice. A few years ago, this choice became very important, because governments applied pressure to payment companies, to stop payments to sites like WikiLeaks and BackPage and Bitcoin was there to help these people, by offering them a alternative to these payment options. Do you see the bigger picture now? Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: mindrust on July 09, 2018, 08:11:13 AM Totally agree with @Kakamakr With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value I understand what you are trying to say but your logic is flawed. Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value. If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded. Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar. Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it. A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again. TLDR; you are asking the wrong question. The question should be: "How many customers have you convinced to spend their bitcoins?" No, the question is specifically targeted to the Merchants for a reason. No matter how long you hoard or how many coins you buy, it eventually needs a Merchant network for you to spend it. A lot of us do not want to continuously convert to fiat currencies to spend our bitcoins. The merchants accepting Bitcoin as a payment option is very important, if you look at the bigger picture. < A picture, where fiat currencies are replaced by Bitcoin > Once we create the "use case" and the alternative option, then people will have a choice. A few years ago, this choice became very important, because governments applied pressure to payment companies, to stop payments to sites like WikiLeaks and BackPage and Bitcoin was there to help these people, by offering them a alternative to these payment options. Do you see the bigger picture now? I am saying that you don't need to waste your time with convincing the merchants and merchants specifically. A smart merchant will educate himself and exactly know what to do with bitcoins. That's what I like about this business. (I mean being a merchant/trader/business owner) If they stay behind, they lose money. They always have to follow the money and update their knowledge. Instead of trying to convince mercs specifically, just focus on educating everybody. It will be the merchants' loss if they don't adapt to the new system at the end of the day. And if you have something to sell, always insist on getting paid in bitcoins. This is the best thing you can do to raise awareness. The customer will wonder "Why does he ask for bitcoins and bitcoins only? Why not any other shitcoin? Why not USD? What is it so special about bitcoins?" He will eventually ask questions and you'll explain him what it is about. Seeing a bigger pic now? Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Zainal-baguz on July 09, 2018, 08:14:48 AM if I still do not know how many of them invest in bitcoin. but all the friends I know almost all invest in bitcoins. there are still new to join and also there are already senior even they have become successful people
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: appleyard on July 09, 2018, 08:30:51 AM So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) I tried it so many times some refuse to accept bitcoin and some accepted my payments, first time i tried it is when i bought a shoes from a surplus store and the cashier denied my payment because they are syaing that they dont know how to use that currency that was my first time, then i tried it again after several weeks and bought a gadget and i offer to pay in bitcoin and this cashier accepted my offer because they are using a bitcoin wallet. so the catch here is the technology it self some are knowledgeable and others are not. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: megynacuna on July 09, 2018, 01:43:01 PM Not a single merchant but i have a friend who develops apps and i have talked him into developing a gambling app where we can use crypto-currencies as the main currencies especially bitcoin.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: richardsNY on July 09, 2018, 04:51:10 PM I tried it so many times some refuse to accept bitcoin and some accepted my payments, first time i tried it is when i bought a shoes from a surplus store and the cashier denied my payment because they are syaing that they dont know how to use that currency that was my first time, then i tried it again after several weeks and bought a gadget and i offer to pay in bitcoin and this cashier accepted my offer because they are using a bitcoin wallet. so the catch here is the technology it self some are knowledgeable and others are not. Did they allow you to pay to them directly or did they use a payment gateway to handle the conversion? Maybe it's better to present them the available options to professionally accept Bitcoin, which could work out in their benefit in various ways. Accepting Bitcoin directly is great since coins aren't being dumped on the market directly or shortly after, but they could end up with a bad taste in their mouth seeing the value plummet to bottom levels. Stores are mostly just interested in potential sales and to get fiat in return that they can directly use to buy stock or whatever else they need for their store. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Kakmakr on July 11, 2018, 06:26:38 AM Totally agree with @Kakamakr With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value I understand what you are trying to say but your logic is flawed. Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value. If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded. Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar. Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it. A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again. TLDR; you are asking the wrong question. The question should be: "How many customers have you convinced to spend their bitcoins?" No, the question is specifically targeted to the Merchants for a reason. No matter how long you hoard or how many coins you buy, it eventually needs a Merchant network for you to spend it. A lot of us do not want to continuously convert to fiat currencies to spend our bitcoins. The merchants accepting Bitcoin as a payment option is very important, if you look at the bigger picture. < A picture, where fiat currencies are replaced by Bitcoin > Once we create the "use case" and the alternative option, then people will have a choice. A few years ago, this choice became very important, because governments applied pressure to payment companies, to stop payments to sites like WikiLeaks and BackPage and Bitcoin was there to help these people, by offering them a alternative to these payment options. Do you see the bigger picture now? I am saying that you don't need to waste your time with convincing the merchants and merchants specifically. A smart merchant will educate himself and exactly know what to do with bitcoins. That's what I like about this business. (I mean being a merchant/trader/business owner) If they stay behind, they lose money. They always have to follow the money and update their knowledge. Instead of trying to convince mercs specifically, just focus on educating everybody. It will be the merchants' loss if they don't adopt to the new system at the end of the day. And if you have something to sell, always insist on getting paid in bitcoins. This is the best thing you can do to raise awareness. The customer will wonder "Why does he ask for bitcoins and bitcoins only? Why not any other shitcoin? Why not USD? What is it so special about bitcoins?" He will eventually ask questions and you'll explain him what it is about. Seeing a bigger pic now? No my friend. I have been doing this for years now and I have seldom found one merchant that known about Bitcoin, before I spoke to them and the ones that knew about it was misinformed by the media. I "converted" a guesthouse last week and that owner only heard about Silkroad and drugs and MtGox and how unsafe it was supposed to be. These merchants needs people like us to take them by the hand and to guide them through the landmines. When they do this on their own and they fail, then merchants around them will not even consider it, but when we help them and they succeed, then other merchants will follow their example. See what I am saying? Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: DavitRoi on July 12, 2018, 06:26:32 AM Actually, I didn’t convince anyone but I told some of my friends to invest on it and told them the benefit of it. They didn’t relay on my words. But when they studied about it and came to know more about it,then they insisted me to clear them more. Now they are holding some.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: goldade on July 12, 2018, 11:01:51 AM I have never has the opportunity of having yo convinced a merchant of accepting bitcoin. Most people in my locality only accept fiat currency. All I have to do is to convert my bitcoins into fiat using an exchange and then use it for whatever purpose it is intended for.
I have however convinced some few friends to accept bitcoin and invest in it to earn money. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: stayeduptolate on July 13, 2018, 12:29:28 PM So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. Now bitcoin is not just a name or just a crypto currency, it is a investment on which millions of people are investing with a great trust, it is a another name for trust and people also know that one day bitcoin is going to be the central currency globally , inspite of having millions of users, there are still millions of people who are unknown to bitcoin and specially those who lives in remote areas where there is no access to internet and for that we need to create awareness among those people regarding bitcoin.How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: thinkabout on July 16, 2018, 04:14:18 AM I live in small towns here without encryption. I bought a bed from amazon.com and it broke for 1 month. Do you think people will use bitcoin when there is no anti-fraud protection from the seller?
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: aleksnutis on July 16, 2018, 07:11:53 AM I wouldn't want any of the merchants to accept bitcoins at the moment, because it's inconvenient, now the transactions are not fast enough to pay for goods and services, the bitcoin price is very volatile.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: cheezcarls on July 16, 2018, 07:50:30 AM So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. ;) I haven't started yet. However, my dad and I are planning to re-open our coffee hub, and we will be accepting Bitcoin for payments. There's a co-working space I knew who accepted Bitcoin for payments, but when I came back there after a year or so, they no longer accepting it due to some misunderstandings. I am going to a study hub this weekend to propose to them about accepting Bitcoin as alternative payment method. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: copperton on July 21, 2018, 02:02:42 PM In 2017 i was planing to buy a laptop i added in my cart but shipping charges was much more then i cancel that purchase, my friends and some guys selling goods and services and accepting bitcoin as a payment also many websites are accepting but not much more people is aware about bitcoins so whoever know about it then they need to send and accept bitcoins because more and more people know about it.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Derizo on July 30, 2018, 04:37:35 AM Bitcoin marketing is done on local level. At government level there is no facilities for import and export of bitcoin. It depends on trust of anyone upon you whom you convinced for sales of bitcoin. Everyone have different opinion on bitcoin marketing.
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: cryptocurrencyguru on September 06, 2018, 12:35:19 PM Most of the merchants are from south Korea and Japan many merchants more than 1000 merchants are now accepting bitcoin as payment we can expect mass adoption
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: BitBite5 on September 06, 2018, 12:38:02 PM Having in mind my country, not many.
Merchants are still not very keen to accept bitcoin or any other cryptocurrency. It's still too expensive and too risky for them, also cryptocurrencies are not regulated yet. Just few merchants enthusiasts are willing to do business with cryptocurrencies. Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: colvis on September 06, 2018, 01:47:40 PM Well for me from last month till now I have convinced not less than 20 people to join the bitcoin world and out of the 10, 5 are doing very great in the business and have not stop thanking me ever since then..
Title: Re: How many merchants have you convinced to accept Bitcoin? Post by: Tszone on September 10, 2018, 09:54:50 PM I actually had the chance to tell some about the possibility of using bitcoin as a payment system, but they are yet to fully buy the idea. Simply stating that they are not completely convinced about cryptocurrency.
|