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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184063 times)
mpgh1
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October 09, 2016, 11:24:04 AM
 #501

explain to them the benefits of the coin in a honest simple way it will do the job by itself.
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October 09, 2016, 12:40:33 PM
 #502

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed but as a business aren't you looking for a stable currency instead of a volatile one where anything could happen?
What if you make a big sale like 2k at once in a mediocre shop and then bitcoin drops by 50% and you lose half that would kill you.
That is only a problem if they keep their bitcoin, with third party services it may be possible to accept bitcoin in the store but to receive fiat directly instead of bitcoin.


If you wanted to have a business that is no volatile  , then i think you should not enter into a trading business we all know that even fiat's price is also volatile it keeps on fluctuating, only those who do not do trading can't feel the effects but this is the reality of currency world


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bitlancr
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October 10, 2016, 07:31:30 AM
 #503

To encourage local businesses to accept Bitcoin you have to let them know the advantages and disadvantages behind Bitcoin. Also teaching them how to manage Bitcoin. Cool Cool Wink

Yep that's obvious that we have to let to know them the advantages and disadvantages I just wish we had some kind of bitcoin commercials that could explain but that would probably be banned since it would be threatening to fiat.
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October 10, 2016, 08:16:10 AM
 #504

We can encourage local businesses by informing them about bitcoin what is bitcoin and the benefits of bitcoin.
I think now is still too early though with this swinging price it's not really attractive to adopt bitcoin until more stable at least.
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October 10, 2016, 08:58:48 AM
 #505

Good thread btw...
good to get your approval regarding the thread Tongue

explain to them the benefits of the coin in a honest simple way it will do the job by itself.

what do you think of the benefits when it comes to a retailer ,how is he going to change to fiat
 
We can encourage local businesses by informing them about bitcoin what is bitcoin and the benefits of bitcoin.
I think now is still too early though with this swinging price it's not really attractive to adopt bitcoin until more stable at least.

only thing need here is the ability to change the collected coins within hours to the necessary currency the retailer wanted,if that market gap is closed then local business will very well accept bitcoin
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October 10, 2016, 02:30:54 PM
 #506

During my whole bitcoin life i am really finding some time to do some research one what certain business that uses bitcoin as a medium of payment and what certain place can i avail those services and here are the things that made me realize

1. Most of those entrepreneurs started to create a bitcoin related business because they've already experienced it
2. Why did they put up some business? because they are innovative and was not satisfied by their bitcoin experience liked faucets or trading i guess


This reasons just come from a one point that they experienced using it first before they build up their business

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October 10, 2016, 04:12:21 PM
 #507

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed but as a business aren't you looking for a stable currency instead of a volatile one where anything could happen?
What if you make a big sale like 2k at once in a mediocre shop and then bitcoin drops by 50% and you lose half that would kill you.
That is only a problem if they keep their bitcoin, with third party services it may be possible to accept bitcoin in the store but to receive fiat directly instead of bitcoin.


If you wanted to have a business that is no volatile  , then i think you should not enter into a trading business we all know that even fiat's price is also volatile it keeps on fluctuating, only those who do not do trading can't feel the effects but this is the reality of currency world
Any businesses is risky and volatile, there is no business that can guarantee success; you admitted that even fiat is volatile which means that the rest of the economy is volatile as well.

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October 10, 2016, 09:34:18 PM
 #508

We can encourage local businesses by informing them about bitcoin what is bitcoin and the benefits of bitcoin.
I think now is still too early though with this swinging price it's not really attractive to adopt bitcoin until more stable at least.

You are right
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October 11, 2016, 07:42:06 AM
 #509

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed you basicly have to see it as that they are uneducated about bitcoin so using a system which you are uneducated about doesn't seem to make sense.
But if you educate them about it then they will know what it is and the pros and cons.
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October 11, 2016, 09:05:57 AM
 #510

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed you basicly have to see it as that they are uneducated about bitcoin so using a system which you are uneducated about doesn't seem to make sense.
But if you educate them about it then they will know what it is and the pros and cons.

Educating them about bitcoin would be  the best thing to do but the main  question here is  the adoption   of a certain  country, lets say they are interested to adopt bitcoin in their  businesses    but the adoption is less on a certain place then  it would be still useless at all. You sucesfuly  encourage them but  the adoption would be the hindrance.

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October 11, 2016, 09:26:31 AM
 #511

Perhaps showing them the price of how btc goes down and raises back to get them confident into a cryptocurrency as i suppose right now because its digital, people can't see the physical product they might just use back the original currency
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October 11, 2016, 09:54:16 AM
 #512

Perhaps showing them the price of how btc goes down and raises back to get them confident into a cryptocurrency as i suppose right now because its digital, people can't see the physical product they might just use back the original currency
that's the dumbest thing you will ever do if you're showing this fluctuative characteristic to those local business even though it will be honest ,but are you for real? local business would seek any possible of the most stable currency to control their profit and it's just dumb i think.

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October 11, 2016, 01:28:41 PM
 #513

We can encourage local businesses by informing them about bitcoin what is bitcoin and the benefits of bitcoin.
I think now is still too early though with this swinging price it's not really attractive to adopt bitcoin until more stable at least.

Yup adoption only make change in bitcoin revolution, Most of the people does not know bitcoin and its features So much we can. We should spread about the bitcoin out of forum and we should atract the people bitcoin feature and make them to utilise the bitcoin in their business purchases.

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October 11, 2016, 02:37:26 PM
 #514

Just hire one person more in you're business,which would ask people about if they would like to pay here with bitcoins,online or at the shop.
It is not hard to get research right? At least that what I think.


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October 11, 2016, 04:13:51 PM
 #515

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed you basicly have to see it as that they are uneducated about bitcoin so using a system which you are uneducated about doesn't seem to make sense.
But if you educate them about it then they will know what it is and the pros and cons.

Educating them about bitcoin would be  the best thing to do but the main  question here is  the adoption   of a certain  country, lets say they are interested to adopt bitcoin in their  businesses    but the adoption is less on a certain place then  it would be still useless at all. You sucesfuly  encourage them but  the adoption would be the hindrance.
This is why if we are to encourage adoption we should begin by those business that have electronic products like eBooks and software or that can export physical products that way they will not be limited by local adoption in their respective countries.

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October 11, 2016, 05:54:54 PM
 #516

We should just tell them the things you can do with it and why they should use it because its such an good currency.
They can easily make profit with it by selling items for it and also by holding on the same time.
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October 12, 2016, 10:52:14 AM
 #517

I always round up when paying with btc. I think an extra few cents/dollars on top of the bill is always a good experience for the business,  and doubly so if the price rises afterwards.
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October 12, 2016, 02:08:22 PM
 #518

We can encourage local businesses to accept Bitcoin by actually using our bitcoin cause most of the coin is idle.
Next to that we can inform those said businesses about bitcoin and teach them a thing or two so they get interested.
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October 12, 2016, 02:09:36 PM
 #519

How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.
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October 13, 2016, 04:29:03 PM
 #520

We can encourage local businesses to accept Bitcoin by actually using our bitcoin cause most of the coin is idle.
Next to that we can inform those said businesses about bitcoin and teach them a thing or two so they get interested.
In fact this is incorrect; there’s is a great amount of trade taking every day in the world of bitcoin, although you will see a lot of people in this forum saying they are holding their coins most people are in fact doing something with their bitcoins.

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