Bitcoin Forum

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.

I would say the risk depends on the amount of investment. If you are spending more than 20% of your Monthly Income, you are putting yourself at risk. And in that stage, it doesn't matter if the investment is Bitcoin or any other asset in the world. You need to maintain and invest an amount which you are comfortable losing and then, you will never have to worry about the risks involved as Bitcoin will never be at these prices again. ;)

Do you mean that you want to make a breakthrough in business, for example accepting BTC as payment in your business?

If that is the purpose of your discussion, perhaps you need to study more deeply and consider your decision properly. This may be detrimental to you if you receive payments in the form of BTC. BTC is very volatile, maybe you need help from a third party as a service that converts BTC to USD.

However, if you really intend to accept BTC in full as an investment goal, that's no problem, the decision is all in your hands. Bitcoin is indeed feasible if used as a long-term investment. Even though the price falls, Bitcoin is also able to rise again and sometimes exceeds the initial price we bought BTC.

Accepting Bitcoin in your business is a good endeavour, but as a beginner you must first have the knowledge of sending and receiving from others before you can make your ideas of Bitcoin acceptance in your business work.
However, as you are not yet an investor, your previous post has said it all. Bitcoin is a good means of investment but it has a higher risk, just like other investments. As you already know, it still depends on how you go about your investment plans and how you think Bitcoin will be of good service to your business.
Bitcoin knowledge is good and you still have to practice what you have learned so far. There are different ways to practice the knowledge of Bitcoin. As you mentioned already, you can still practice it by using it in your small business and also as an investment.

what if one is not a salary earner ?

That's true about bitcoin, but however, you also meeds to understand the ways to safely hodl this asset for that long in other not to make a mistake that may lead to loosing your asset, this includes taking good security measures, knowing the kind of bitcoin wallet to use and staying informed always about how to avoid scam and maintaining a good privacy practice over your personal bitcoin wallet sensitive informations.


Governments are quite aware of bitcoin and how it can help tackle many economical challenges, they know that bitcoin is what the people wants, their fear is that it's going to render them useless and less effective in having control over a decentralized network like bitcoin, they can't go on with their usual way of using their influence and power to take spy under people's financial privacy and control.


Bitcoin is not the only asset that has risk involved, there are many more other assets that we have to consider as being risky to make investment in them, when you understand the way bitcoin should be treated, then you will be more far away from having any security threat over your digital financial currency.

@Peter faith, I would like to tell you that, it doesn't matter whether you are a monthly salary earner or not, all you just need is any good means that could provide money for you on a daily, weekly or even monthly, but if you don't have any anything that would put funds, on your pocket then forget about it, you can't invest in Bitcoin, it doesn't matter if you are not getting funds monthly, like you said earlier, that you have a business which you are doing so far, and I believe businesses give little money daily even in a week (although it depends on the type of business), if the business is a good one, it can provide money for you, it is just for you to think on the amount that you could invest into Bitcoin that will not affect you after everything.

Investing is one of the most important things, but during the process of holding, you don't need to be in a rush. If you can only afford $5 weekly from your business after all expenses, it's good to invest with it, but lastly, I would like to say never invest with emergency funds, without you having emergency funds you can't hold for long.

Governments are after something and have full control over it, and Bitcoin is something no one can control. That is the main reason why governments are giving so many reasons not to accept Bitcoin because they cannot control it.

Not just Bitcoin, all investments are risky, provided you have to invest and wait for a profit after some time. Therefore, a Bitcoin investment is a good, reliable investment.

To get idea about Bitcoin, you need to put it in practice just as you said, but learn first before you start accepting Bitcoin payment in your business.

But are you willing to invest in Bitcoin for a long time? If yes, then you need to set aside some money for that because accepting Bitcoin payments is the same as spreading some good news to encourage people to adopt Bitcoin, but if you keep withdrawing the Bitcoin to run your business, then it is not called a Bitcoin investment.

Bitcoin is volatile which can give you either positive and negative effect once applied to your business. You have a chance to earn more if you accept payment using Bitcoin while the price keep pumping hard during bullrun and vice versa whenever Bitcoin is on bear market.

I believe you already grasp the general idea on how Bitcoin investment work when you said holding Bitcoin till dear life. Bitcoin is good for long term investment so if you have enough funds to cover those profit that enter through Bitcoin payment then you will have never problem on accepting Bitcoin because the price always bounce back every cycle.

You need more knowledge before investing or accepting bitcoin for your business. Not to mention, you need to make sure that bitcoin is legal in the country you live in and that it can be used as a means of payment. Because as we all know there are still some countries that have not accepted bitcoin and do not allow the use of bitcoin as a means of payment. You need to research everything thoroughly before making a decision, but when it comes to investing, you can invest without worrying about legality in your country. You just need to invest quietly and privately.

OP, I find your topic a bit confusing. Sounds like you wanna invest in Bitcoin long-term, but you also mention something about accepting Bitcoin in your business? Not totally clear if you're trying to invest, use Bitcoin in your biz, or maybe something else? It'd help if you could explain whether youre looking into investing or bringing Bitcoin into your operations - or I guess it could be both.


It doesn't matter. Your income source doesn't limit your ability to engage with Bitcoin, especially if you are a business owner.

Be sure to be aware of the risks before investing and invest a portion of your income that you will not be in too much trouble losing because Bitcoin will always be the same maybe We should spend less than 20% of any income. Decisions must be properly announced repeatedly before doing anything Risks must be identified before investing and any digital currency is a actual threat Whether you are investing for short or long term, do a lot of follow up first RR prepares for long term planning and invest.

You said that you began learning about Bitcoin and somehow developed an interest in it. You did an excellent job of learning about it, and based on what I could see, you clearly understood it. Even though you already know a lot about Bitcoin, just keep learning and expanding your knowledge of it.

It is also a nice plan that you are thinking of because you intend to use Bitcoin in your business. Make it one of your company's payment alternatives, and if any of your clients are interested, show them how to use it.

Long-term hodlers have a better chance of making some profit from bitcoin investment but there is no guarantee that it will happen as you planned. It is good to know that you are interested in the currency, so keep reading.

You didn't tell us the findings of your research.  What do you think are the reasons why the government is resisting Bitcoin adoption? For me, some of the reasons are because the government wants to control the financial lives of its citizens and they need tax to survive and bitcoin may deprive them of some.

It is not a bad idea to practice what you are learning with little funds that you can afford to lose.  But ensure you do comprehensive research before your business starts accepting Bitcoin. Consider the transaction fees and the best options to make the fees cheaper.

Bitcoin can be used with many use cases, investment is only one of its use cases. You can also use Bitcoin for value exchange as part of your trade with another trade partner, you can use it for trading on exchanges. You can gamble by using Bitcoin as a collateral for your leverage, futures trading but I don't recommend it. Because leverage, futures trading will bring you very quickly painful losses.

Because they have to protect their central banks, commercial banks, bank system and fiat currency. In future, they will have CBDCs and they must defend their CBDCs as well.

If your business is small, I assume your business fund is small too. It will not be strong against financial issues and if you accept Bitcoin in your business, your business fund can be changed a lot in value with Bitcoin high volatility.

You must think about it and must have another reserve for your business, best in cash. Bitcoin you get from your business is like your investment and you can reduce cost of withdrawal fee from centralized exchanges after buying. With your business, you directly get bitcoins from your customers.

As long as you understand the risks, you can freely go with it. Usually, an entrepreneur understands more about financial management because income is uncertain.

Before accepting Bitcoin in your business for payments, you have to understand how you'll accept it and the basic things about it. Since you've mentioned that you're taking your time to read, you're doing the right thing and just keep it up because soon you'll understand how it goes and if many of your customers are willing to pay that for your service.

As an investor, yes you need to invest with little money you can afford to lose and as a businessman, you don't need to think how little or big it is when your customer is gonna pay you with it.

Put accepting Bitcoin as means of payment aside and focus on learning about Bitcoin first, you are a newbie and you don't know the mistakes available when beginners age exposed to crypto investment, you can start accepting Bitcoin now and fumbled in some areas that you shouldn't due to lack of your understanding.

Learn about the difference between Bitcoin wallets and also how to keep your Bitcoin safe, also make sure that your government is not against Bitcoin because if this is what's happening it's better not to openly accept Bitcoin as means of payment, so don't go and include BTC payment accepted here on your business sign board or you risk facing the panel.

Some Bitcoin wallets are not safe to use, they won't give you access to your private keys and they often requires for email and password to log in, these type of wallet have access to your keys and they can stop working anytime, the best Bitcoin wallet is Electrum or others that are non-custodial fully open source, so do not rush at all, take your time to learn, for every newbies there is a lot to learn about Bitcoin first, Good luck.

Bitcoin does not need legalisation from the government and the government in turn will not want to endorse a technology they cannot control.
All citizens can access Bitcoin directly.

You first have to research on the demand for bitcoin payment option.
Some businesses accept bitcoin as a form of advertising for it to attract investors, if that's not your motive and there's no demand for it, I will suggest you focus on more popular payment methods.

If you still lack comprehension about the Bitcoin ecosystem and its outlook, I would suggest refraining from incorporating playing around with Bitcoin into your business. Not that it is not good to practice while learning, but since we dealing with a business, you really don't want to play around about it. Better stick and thrive with what must be done with your business.

Gaining insight and trying to understand Bitcoin doesn't necessarily require money, so it should not be a problem for you. There is many aspect and scope to learn, seek what interest you the most I'm pretty sure money won't be an obstacle.

since its introduction, bitcoin has been a revolutionary form of payment system which allows people to make transactions quickly, anonymously and decentralized. decentralized here means that bitcoin is not controlled by anyone and is free to be used by anyone. of course, this is not liked by the government because it could threaten the distribution of fiat to society at large and because of this, bitcoin is banned in many countries.

your idea to be able to adopt bitcoin in your business is an idea that should be appreciated because currently not many businesses dare to accept bitcoin in their business. however, you need to pay attention to the regulations in your country because in some countries the adoption of bitcoin is prohibited and violating this can be punished. but if it's allowed in your country, it's worth trying.

So you are on the right path of learning and it's good that you are utilizing this forum and learning from it.
I would advice you not to start accepting bitcoin right now because you are still relevantly new to bitcoin.
Get your hands on it and keep using it for few weeks/months and get to know how everything around it works.
Only when you are confident enough then try accepting bitcoin payments. Always keep your private key/seed phrase very secure.

You might be making some profit out of your business, and that profit is your salary, but you can say that it is not a fixed salary, but your expenses are fixed and are increasing with inflation, so, you might find it difficult to invest 20% of your earnings in BTC on monthly basis. So, it all depends on you now, we are not saying you to invest 20% of your earnings. I am trying to say, you should use 20% of your savings.

ImThour said to use 20% of earnings, but use %20 from your savings, there is a difference which you have to know. Well, fun aside, you should have some money in your savings, other than emergency funds, and then use some of the amount from your savings to invest in BTC over a period of time, maybe by doing DCA or by lump sum. But that's not what you are looking for! Am I right?

You want to learn the way to make BTC payments for your business more useful for you. I will say, use the lighting network, for the TX, and do not withdraw all the funds in parts, withdraw them in bulk like at the end of the month. If crypto is not legal in your country then you might not find any customer willing to pay in BTC. Or maybe you might find one or two. Overall, don't rely on any third-party platform to use their service for your business, because you only need a wallet to receive funds.

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.

If you want to introduce bitcoin to your business you must be ready to accept the dip , you must have gotten understanding that bitcoin is very volatile.  If you consider all these that it won't affect you or your business then it is nice accepting bitcoin in your business because with how the traditional currency is loosing value I would even prefer to deal with bitcoin. You really need to look into this idea as accepting bitcoin and ask yourself some critical questions if the price of bitcoin falls if it will affect your business,  I don't know how you run your business if you have another source of income which you pump money into the business to strengthen it but if your business depends on the profit you get from it I wouldn't advice you to channel it to bitcoin.

Not until late in life, mate, but it is a good investment that is significantly superior to any other cryptocurrency investment. I prefer bitcoin investing to FOREX trading because it is less risky and you have the guarantee of holding it for a long time because those who have been holding it since 2009 have gained a lot of money and bitcoin is continuing growing reputation and recognition throughout the world.


Accepting bitcoin payments will make you love bitcoin even more. I recommend that you set some money away and store all of the bitcoin you receive from customers so that you may progressively accumulate your bitcoin.

You might be amazed to see the BTC technology and might wanted to adopt it quickly, you might be getting ideas that you will become so much rich if you would invest in BTC or start accepting payment in BTC and hold onto those BTC for longer period of times. But keep one thing in mind that, no doubt current market time is the good one to make 2x or 3x out of BTC holding but if you wanted to hold BTC for your whole dear life, then what are your purpose here. I meant to say, are you planning to use this investment in your retirement.

If that's the case, then I loved the idea and your idea is lose proof. Because in the long run, BTC is going to gain huge price tags. Some even says, it have the potential to reach $1 million, some says $10 million but I don't think in our life we might be able to see that price tag.

You are right about learning, and don't follow that suggestion which is just saying, that you should have this and that, I will suggest you to start learning from the lightning network, and which wallet is best for you, if you are planning to hold onto you BTC, then chose a non-custodial wallet, like Electrum i.e.

The Merchants Guide to accepting Bitcoin directly no intermediates - BTCPay (https://bitcointalk.org/index.php?topic=3159336.0) This whole thread might help you.

You do not need to incorperate Bitcoin payment into your business at this level since you said its a "little business", the volatility that goes with the cryptocurrencies has no regards for what level of business you are currently running, it can make you fortunate and can also go north, depending on what the market presents.

If you want to incorperate bitcoin as a way of practising, then I will say you only risk what you can aford to loose so as not to fall out of business grace. The major reason why people drown in this space is because they choose to test the depth of the ocean with their feet.

It is easy to create a BTC wallet and make your BTC address or your address's qr code available to your customers, you could also use a payment processor like BTCPay server to accept payments. It is worth mentioning that you should know what you are doing, from what you wrote in your post you do not understand a lot about BTC, so maybe you should get your understanding right about BTC and understand how to use a wallet and protect your funds before you talk about accepting BTC in your business.

You can start investing in bitcoin with any amount of money you have, and you are correct that it carries risk. However, I still want you to understand that before starting any business today, you must take risks because every business has potential for profit as well as the potential for loss. The only way bitcoin differs from a business is that it is an investment that you buy and hold for a long time in order to resell and make a profit. The primary reason people invest in bitcoin is to make a profit, which is true for any business you start today if you don't have any revenue coming in from it.

As a beginner, you must do the right thing by learning the procedure and how to invest in bitcoin. I will advise you that out of 100% of your money, try investing 40% for the first time and holding it; the reason I say this is because you must start everything in life gradually so that, even if something changes, you won't experience the pain of regretting your investment in bitcoin, and about The government of some nations that are not accepting bitcoin in their country will allow very soon because bitcoin is an unstoppable investment, so I don't think you will have problems if you retain your coin extremely securely without letting anyone else access to your wallet.

You don't have to wonder anymore because the government knows exactly what they're doing, they're not accepting Bitcoin because they don't understand it but there are doing so because they understand the power that Bitcoin holds. Accepting Bitcoin means they'll be giving up all the power they have in controlling the financial aspect of their citizens life. Bitcoin gives privacy and full control to who is in control of the Bitcoin and not a centralized body like the government. Bitcoin is a calculated risk investment, you're not investing in a scam or high risk investment that can make you lose if you just buy and hodl some Bitcoin. Bitcoin risk is calculated but people are yet to understand that, investing in altcoins that's when you're taking an uncalculated risk because their future isn't guarantee as nobody knows the future of any altcoin but the future of Bitcoin is almost certain that the price will be greater than its current price.


If you want to accept Bitcoin for your business, you don't need much research as all that's needed is to have a wallet and get your Bitcoin address out to your customers. You only need need the knowledge of getting your Bitcoin address and confirming if the Bitcoin has been sent on the blockchain. Also you need to wait for atleast one confirmation before processing anything they bought from you as double spending is something that can happen when Bitcoin they sent has not completed one confirmation on the blockchain. You can also make use if lightening network for smaller and faster confirmation. I won't recommend the use of payment gateway as they takes away the decentralization of Bitcoin. Gateways are convenient to use and very popular are mostly centralized and we shouldn't be using centralized services.

There is a truth and indeed investment in Bitcoin will be very risky to if someone does not understand the investment conditions. But when someone understands investment correctly, this risk can be minimized by itself.

The question is how bitcoin is treated in your country, is bitcoin legal as an investment asset? The only problem is when your country prohibits bitcoin and if you force bitcoin as a means of payment it will be quite risky for yourself. Another possibility is that the business you run will experience setbacks because maybe people are not used to using this pattern. Consider the impact before you go because even though Bitcoin is one of the best at the moment, if you force it and don't see opportunities it can actually lead you to problems.

In my opinion it is better for you to try investing rather than using bitcoin as a means of payment in your business because consumers do not necessarily want to accept this method and maybe because they are not yet used to payments using bitcoin.

As a new person starting to know Bitcoin, you have creative ideas for accepting Bitcoin in your business. But before you accept Bitcoin into your business, you need to learn more because people who come to your shop may ask more questions about Bitcoin. You must explain to them what Bitcoin is and how to use it for payments and investments.

And before you start accepting Bitcoin, you should know the use of Bitcoin in your country, whether it is legal or illegal, so you can handle the regulators. And if in your country, Bitcoin is prohibited, you cannot continue with your idea of accepting Bitcoin because it will give you problems.

You can only use Bitcoin as a long-term investment while waiting for information or notification from your government about Bitcoin. But for now, you should start investing in Bitcoin first to join the next Bitcoin bull run, which is only a few months away.

There are plenty of platforms out there to help you get acquainted with Bitcoin. Just try searching on popular platforms like YouTube, and I'm sure you'll find more information. It's often easier to understand when someone explains it rather than just reading about it here. I'm not saying you won't learn here, but it's essential to be resourceful because you need that, especially if you're planning to accept Bitcoin in your business. Learning the basics and the procedures is imperative as Bitcoin transactions are irreversible. You wouldn't want to regret losing your money due to mistakes.

There is a lot of useful knowledge about bitcoin here, especially about security such as how to use a wallet, choose a trustworthy wallet or use a decentralized exchange...This is knowledge that many other places have never mentioned to us. But for a newbie who needs basic concepts about bitcoin, I still recommend them to search and learn on YouTube because it will help us visualize things more easily. OP should combine the forum's knowledge and YouTube as the best and most effective way to learn about bitcoin.

I mean, SMEs and freelancers can simply put a QR code or even a wallet address just to enable Bitcoin payments. Why need for payment processor? It's going to convert everything to fiat anyway.

If you want crypto payments pointless to force crypto users to pay high fees for using processor when it's cheaper + secure to send to your wallet direct!

Of course, I would agree with that. Personally, in this forum, I learn a lot. However, for the OP, he mentioned that he is still quite new to bitcoin, so he needs to start from the very basics, which is learning the fundamentals. Knowledge about bitcoin is very complex, and we don't need to mix everything, as that will only make it complicated. What the OP needs is to simplify the way he should learn. He can use other platforms, as mentioned, for basic learning and then come back to the forum for more advanced knowledge.

That is correct. You should not be in a rush to sell cryptocurrency or any kind of financial product you can trade on some kind of exchange. Because by their very nature, they are very volatile, and nobody will know whether their prices will go up or down, and everyone's predictions of such are only as accurate as your average astrologer.

Some newbie fail to understand that what they are going up to is really a risky matter for them that's why they usually commit mistake on their investment since they didn't think about each position they place. If they could just able to do a lot of research before practicing to have bitcoin or any other altcoin to invest maybe they will not fall on wrong position that can cause them losses of their money used for their first investment. Nobody would really know how the price would able to go or down that's why they need to understand the risk so they can possibly adopt and can do some initial action on what they should do especially on crucial situations like bear market is coming since this is really gives a huge pressure to majority especially those people who doesn't fully understand that this scenario happen and they don't need to panic with those movements.

The last one you mentioned is good for me, where you practice little by little what you learn about Bitcoin. Just don't stop learning about it. Read most of the time here on the forum platform and also look at what other commentators are telling you here on the forum as well, because you will get an idea for sure.

The risk in Bitcoin will not disappear because of its volatility; all you need to know is how to take advantage of Bitcoin's volatility so that you can get a profit from it in the future.

I do think it is way easier to make payments with BTC for purchases or for transactions, than to keep the BTC received as payments for such purchases or transactions. It would be more tasking for our dear OP to try to set up a good system for receiving payments for a business that may not have much capital to start.
Elon Musk tried taking payments for his Tesla cars but suffered much volatilities that he had to stop and even did liquidate a very great share for some of his other businesses.

Setting up a good payments system for a new business intending to accept crypto or BTC payments is going to require by law how legal it is within that country or jurisdiction and if it has or is something the citizens know, have heard about or even make use of .

As soon as you talk about using bitcoin in business take your time take it easy and move forward. It is true that it will be difficult if the government does not give legitimacy but you can use your own knowledge and intelligence to move forward it requires a lot of experience. Although bitcoin is banned it is very difficult to find information about it for use in the online world. Adoption of bitcoin for business is a good move small businesses will become much bigger if the value of bitcoin increases. Bitcoin is completely banned in many countries even then its transactions do not stop as the day goes by its demand is increasing.

I agree; I don't see a point wherein the OP will include bitcoin or crypto payments, as he himself says that the business is small. I'm not discriminating; in fact, it is good that you have a business and yet you still study, like bitcoin, to earn more. I salute the OP with that, but I don't think including bitcoin payments will be a good idea for you and for your business. People, even crypto holders, are still not ready for that concept. Yes, there are some willing to do that, but not all. It is still a small percentage. And I think you are not ready to accept that concept, as you still said that you are new in this field or in bitcoin. I guess just focus on growing your business first, and then little by little, you may include bitcoin in your business. That would be great that you are futuristic.

A Bitcoin investor should never rush to sell but it is also advised to not marry your wallet. The thing is, holding for a longer period of time will give you profit for sure but you should never miss out any opportunity that comes in between that time. Whenever the bull run happens, the market price goes up. And what goes up, comes down too. And that is what we call a bear market. If you keep on holding during these periods of time, then you won't be as profitable as you should be. My point here is, it is also important to learn / know when to sell and which will be the perfect time.

There is no perfect time while buying but it is important to know the perfect time for selling. If you take your profit from the bull run then you can fill up your bag more while the bear market begins.

So Bitcoin investment is for long-term, but we need to figure out how long it should stay. And when the time comes, we should also be prepared for selling.

Many Companies accept Bitcoin and we have seen top companies that also accept Bitcoin as a currency. As one of them is Microsoft and I know many of you are very familiar with Microsoft. So, it would be better to make it still in the coming years, we would see that there will be more accepted currencies in different countries and they would start their business in their own countries with these accepted currencies which we are seeing todays in different exchanges.

That would be better for the Coins which are accepted as the currencies but I don't think after that their price will be in the same position as it was before. It will be too used to I think they will lose their original prices as it has today. After some years gaining its originality would be a little difficult for these.

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.

If people understand how to use it and not everyone has the same abilities as us, especially if that person doesn't understand technology. The OP also did not mention what business he owns, so it is not known how old his customers are. At the same level as Elon Musk, who has the ability to prepare much better work equipment, it is difficult to develop a payment system using bitcoin in his business. Just imagine if we were trying to accept payments using Bitcoin for the business we run.

This concerns legal aspects and if the country where we live prohibits the use of bitcoin as a transaction tool, it will have a negative aspect in the eyes of the law, so it will be quite problematic when it is forced to be implemented. It is better, as we said, to use bitcoin only for investing and it will be much safer to use this opportunity compared to forcing ourselves to accept bitcoin in the business we run.

Since you have been with this forum for a few days and are interested in learning about Bitcoin, you must spend a lot of time. If you need to know everything about Bitcoin then review the important topics where Bitcoin research has been done. If you want to be financially prosperous in future and invest bitcoins to earn money then surely you have come to the right place. By learning about Bitcoin from here you can start your business that can make you financially stable. As the Bitcoin market is currently in a good position, you should get a good knowledge of Bitcoin and invest accordingly. When you hold bitcoins you can definitely wait for the bull market but you can earn. Also you need to get good experience about investing so that you don't face losses and you will understand that there are volatility in bitcoin market. To get a good education you will never be able to from bitcoin and crypto that's why you need to know and learn different strategies. The more time you spend learning about bitcoin the more hard work a person gets, the more you read the more you can learn bitcoin tricks.

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.


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.

Investment in Bitcoin has both returns like it can give you a good return and can decrease in value too. But if you believe in Bitcoin so definitely you can get much benifits from it.
And if you want to accept Bitcoin for your business so this is a good idea for your business. But you have to believe in Bitcoin. If you accept Bitcoin for your business so not every costumer will give you Bitcoin this will be 10% 20% or other percentage. So you can exchange Bitcoin which you need otherwise you should hold.

Well, it depends on the kind of business you're doing, are your clients those that use bitcoin?,  can you use the bitcoin that you've accepted as payment to purchase new items for your business activities?.
What if after you receive payment, the price of bitcoin falls?. can you still go on with your business successfully?.
Accepting bitcoin is good, if you have other funds for the running of your business or the nature of your business is such that you render services and get paid only. If you buy  goods to render those services, then I'm not comfortable with accepting bitcoin as payment because of its volatile nature. The country you base is also an important factor, is bitcoin accepted in that country?. Your need to take account of all these points before thinking of accepting bitcoin payment in your business.

Finally, bitcoin is a good thing if you're not under pressure to sell at a short term, if you can just hold, you'll see the blessing pouring out in mega quantities pretty soon.

To be honest, I don't really understand what you are trying to convey. But at the end of your post, I found that you had the idea of ​​accepting bitcoin as payment in your business. I think it's a good idea, you can try it. But before you implement it, does your country legalize bitcoin? if yes then that is good, if not then what you are doing is against the law

I don't know what business you have, but hopefully your business has quite expensive prices because as far as I know, Bitcoin is not effectively used to pay for cheap goods.

The product of his business doesn't need to be that expensive. But yes, Bitcoin should be legal first before he starts accepting Bitcoin as means of payment. Like in our country, even a small business can accept Bitcoin. We have a local wallet that you can easily top-up money and convert it to Bitcoin, even a small amount is acceptable.

I have no idea about the current business of OP, or if Bitcoin is even legal in his country. But the idea is not bad, what he needs to do is to study more about how it will be possible before he proceeds to implement it as a new means of payment.

The Government of some country refuses bitcoin but we don't know the reason that why they are doing so but if they are not accepting bitcoin then it will be suitable for their citizens because Government always take steps which are beneficial for the people of a country. There is no doubt that bitcoin is a good investment asset therefore in those country where there is no restrictions on bitcoin investment can easily take benefit from it. In business there will be difficulty in using bitcoin because not everyone has a knowledge about bitcoin but you can use bitcoin for the purpose of investment and also learn about it when you have hold it.
Your money will be at more risk when you don't know the exact timing of selling or buying so first try to know the market condition and join certain groups on Telegram that can help you about the coming Bull or bear or about the time taking benefit from market situation. If you don't have much knowledge then use minimum amount that yo u think that if unfortunately you loss it then you will not be much worried about it.

Some governments are worried about Bitcoin because they can't control it, and it might affect their money and economy. Different governments have different views on it.

I think you want to say investors does not rush to buy.

You are right, Practicing is good but keep in mind practicing with.. I mean only invest amount which you can afford to lose.
You can learn about accepting bitcoin in business here (https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses)

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

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.

Yes, you have to learn a lot of things, especially if you want to allow Bitcoin in your business as a payment method. Governments usually don't like Bitcoin, though some countries allow their users to use it. The government won't allow two currencies in their country, where fiat is currently ruling. It's just a part of centralised government policy. I admit a few country even don't understand Bitcoin. For example, my government doesn't have enough knowledge about Bitcoin. So we can't expect Bitcoin adaptation from them.

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.

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.


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.

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.

                                                         But what is the main goal of this topic mate? you did not clarify what is
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.

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.

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.

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.

Its really interesting how a technology thats supposed to give people more power ends up being the thing that threatens established systems. Bitcoin's main goal is to get rid of the middle man- those third parties that have controlled our transfers for a long time. We are putting power back into the hands of people by getting rid of third-party meddling. And that, my friend, is a very daunting concept for those sitting at the top.

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?

Yes, it is clearly visible that if you buy a small product, the transaction fee can be quite expensive. Small refers to a cheap product, which means that the price is low. As in your quoted reply, mate explained that $0.5 something fees will be charged if someone does a transaction below $10.

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,

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.

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.

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 

First, I would like to point you to my thread (https://bitcointalk.org/index.php?topic=5425961.msg61400602#msg61400602). 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.

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.

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.

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.

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.

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.

Putting standard money next to Bitcoin does, in fact, show how the economy has changed. Traditional money is backed by the government and can be touched. Digital currencies, on the other hand, are not controlled by any one group. Bitcoin's dual nature as both a currency and an investment makes us think about some interesting things. It makes us question what "value" and "ownership" really mean.

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.

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.

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.

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.

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.