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There might be something fishy about it. Back then, too, frauds were prevalent. They are much more pronounced today, but they were there. You should ask Microsoft Support to help and guide you with that. Email address.
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Bitcoin need not be an all or nothing proposition for individuals, institutions or countries, including in El Salvador bitcoin has been adopted as one of the currency options.
Yes it's another payment method that is legalized by the state, but how convenient is it for the population, namely for small and possibly medium-sized businesses? After all, now for them, payment for goods and services must be offered without fail to the consumer, since this is provided for by law. In this sense, everything was done a little wrong, because they don't do it by choice, but in a sense it is a mandatory measure. The business gets paid in bitcoin but the price of bitcoin is falling and this can be a problem for small businesses, this is an increase in risks... Sorry that you got the whole concept wrong about El-Savador @cryptmustser, Nayib Bukele government does not enforces, mandated or make a compulsory for every El-Savadoran to make use of bitcoin for their daily transactions, as far as i know the two currencies were acceptable which is the USD and Bitcoin, he considers every potential citizens that will rise through the impact of bitcoin in the economy, he also work in providing freedom that has hold alot of the people down to being limited to a certain level of standard in the country, the bitcoin adoption just didn't come in place like that, it has also brought in divers opportunity in which the main target still remains the people. Much of it is known like that. But we'll come to know about the things in reality if they are truly working (although they are) when there are in-depth analyses and operations conducted to research the same. |
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Suppose I am doing business through an online Facebook page and website and want to accept Bitcoin. But now if I look at cryptocurrencies it comes with high volatility, and I have doubts whether accepting Bitcoin will be profitable for my business.
I really want to know your opinion on this and what are the initial steps I should take if I adopt cryptocurrency for my business? Because I see many people on the forum are taking steps to accept Bitcoin for businesses and that's why these questions araised in my mind.
Then accept stable coins if you want to avoid volatility. But in stable coins, you've got a lot of options to make as to what's the stable coin that you want to accept. There are also third party services wherein you can accept payment in bitcoin and then that service will convert the payment that you've received as soon as you've got it into dollars/fiat. Then it's all up to you if you want to convert them back into bitcoin later on, manually. That’s exactly what I do. I offer USDT as a payment option as it’s one of the most famous stablecoins out there. It’s widely available. You can find many crypto gateways that supports it, I am using CapitalWallet tho. Also, it has a strong reputation for stability which makes it attractive for the merchants who want to minimize the volatility of their cryptocurrency holdings. I understand that people like to pay in btc or other volatile cryptocurrency which raise a concern for merchants as the volatility of cryptocurrencies can make it difficult for merchants to know how much the cryptocurrency is worth when they receive it, and it can also create uncertainty about whether or not they will be able to recoup the full value of the sale if they need to convert the cryptocurrency back into a fiat currency at some point. But there’s a solution for it as well- exchanging it into fiat immediately. |
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Excellent work, DiMarxist. Investing is a better option than frivolously spending your money. Congratulations on your first successful step.
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It’s okay because not everyone is as confident in their decision making skills as you may be. Everyone has a different goal so we need to respect that. Those who wish to hold, should continue and those who want to sell, should do as they please.
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If that happens, people will be interested in Bitcoin too. Today, many people, because of their lack of knowledge, cringe at the idea of Bitcoin. But they won’t once something like that happens.
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We don’t know whether Satoshi is a person or a group of people. And I think the Committee cannot nominate any anonymous person or group of persons for the Nobel Prize. The idea is good, but I don’t think it will happen until we figure out Satoshi really is/are.
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~snip~ Thanks for the suggestions; considering my cost, I will consider doing only 3% off for customers paying with Bitcoin; I think that will make them happy. Also, with that, I think I am going to edit my display and indicate 3% off for payment in Bitcoin. Investing in Bitcoin is really a nice thing, like you said about the liquidity; as a business person, I need it, but I do really have enough profit to leave in Bitcoin. That's why I don't consider leaving my capital in Bitcoin, but I think I would also keep that in mind. Already, I am working on printing some flyers and stickers to distribute within my area. How do you handle the payments? One address for each customer?
Do you use any payment processor, such as btcpayserver.org?
Do you handle technical stuff by yourself? One address for each customer is stressful for me; like I said in the post, I am just using my trust wallet to receive payment because I buy more goods frequently. What I did was just print my address as a QR code, which the customer can scan and use to make payment. But after I receive payment, I usually move my capital to Binance to be converted to USDT or trade to my local currency. For now, I am not using any payment processor because I don't know much about it. technical stuff myself? , yeah. Maybe, if you have other social media, such as: facebook, Twitter, newspapers and so on maybe you can also post open advertisements, that you accept Bitcoin payments, for those who want to buy furniture such as sofas, dining tables, guest chairs etc. I take this idea, thanks. Facebook is really a favorite social media platform for lots of people in my area, so advertising there will, I guess, help attract more customers. ~snip~ Thanks for this information. This is really the first time I am doing this, and as I learn more about it, getting to use a fast payment processor gateway is the next target. That’s a good idea. I have also started offering crypto payments and I think I can also consider something like this to attract more customers. As there are less transaction costs involved (given that I am paying only 0.5% with Capital Wallet), I can spend the money that I am saving on transactions costs for offering such deals. |
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I’m pretty convinced this guy is not the real Satoshi Nakamoto. If that man/group of developers had not wanted to reveal the identity back then, most probably they wouldn’t flaunt their identity now, for a new coin. I bet this guy is trying his best to persuade people into this apparent ponzi scheme. God mercy those who fall for it.
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Apart from the factors you mentioned, I think it’s also very crucial to check the settlement process. Not all merchants want to hold cryptocurrencies, especially the volatile ones. So when I chose Capital Wallet as my payment gateway I also checked these - what settlement currencies are available, if payments are auto-converted into the desired crypto or fiat, the conversion rate, the time it takes to get funds in your bank account etc. Gave me the much-needed clarity in decision making.
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The project SandBox seems more promising. For me, ApeCoin is just an attempt to capitalize on the dying NFT Bored Ape hype. When viewed from the perspective of development, SandBox is much better. In contrast to ApeCoin, it is a serious project.
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I've been familiar with bitcoin for a while, and I tried to explain to my relatives the benefits of investing in bitcoin, but they thought I was boasting. However, after I showed them the benefits, they realised they had made a mistake by not doing so, and now they are trying to learn how to invest in bitcoin.
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Bitcoin was not designed to be a hedge against inflation, but the concept has gradually evolved due to its limited supply. When we compare available currencies, we only have fiat and Bitcoin. And, because fiat is unlimited and rapidly losing purchasing power, it is natural for people to seek refuge in Bitcoin and feel confident that their Bitcoin money will not lose purchasing power over time because no one can add more supply of it.
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It would be naive to believe that bitcoin is dead, just as it would be naive to believe that investing in bitcoin will be as profitable in the future as it was in the early cycles. And even more so after what we've witnessed. It's not dead, to be sure, but forecasts for this cycle have been disappointing.
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No one can be absolutely sure about the year-end, but some websites claim that it will see a return to the $32,000 level. However, take this information with a pinch of salt.
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Well, it is possible if the countries of the world accept it as a currency for exchange, just like what fiat is today. The standard that fiat has and the highly maintained system of fiat cannot be compared to Bitcoin as of now. It will take time, however, if Bitcoin starts getting recognition like fiat.
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There are many cryptocurrencies that are backed by Bitcoin, and there are many that are not backed by it. Altcoins like Ethereum are growing and are much more than just cryptocurrencies. If Bitcoin is according to what the industry demands down to every detail, then it might become a standard in the market. But other cryptos are also in competition.
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No, I am not bothered about my bitcoins. I have told everything to my sister. I will be happy if she has them after me. Moreover, she is also interested in bitcoins and I am teaching her how bitcoins work every weekend.
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It depends on the people how they want to use their bitcoins. Those who have lost their money and are willing to recover are the ones who are mostly worried about the price. Some see it as a short-term investment and for them price is crucial. For long term holders price isn’t a matter of concern.
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We can’t say whether it's over or not now. Personally, I still feel this is just a phase and will be over soon. Bitcoins have a lot of potential and it is not the end of it.
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