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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184287 times)
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January 12, 2017, 06:10:39 AM
 #841

Value stability !
Most people will avoid risky investment , people will use currency that have stable value

Goverment support !
When goverment made bitcoin as legal currency , bitcoin usage will increase ( for public and for personal usage )

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January 12, 2017, 06:30:36 AM
 #842

We just need to encourage them to use the bitcoin more and more, I'm pretty sure that we can encourage them by motivating them and tell them they can make profit and can accept it easily.
Good idea but I think if you want to encourage them by motivating them you will need a lot of time to explain what are the benefits of bitcoins and bitcoins can do. They are businessman so you will need  to brief them more about bitcoins.
We can't just shove it up their throats just like that, it must be a slow adoption so that the public will know it's benefits. Like a store at a time and a customer at a time then it will exponentially grow. We must first target small businesses that would accept bitcoin payments. Probably the best ones that would accept bitcoins are techstores.
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January 13, 2017, 12:00:34 PM
 #843

If majority of the people will used the bitcoin in transaction. We can assure and prove to other people that bitcoin is really the fastest way to transact especially in buisness. Not just that ,the value of  bitcoin can increase dramatically in less than a minute. It just need proper managing .

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January 13, 2017, 12:11:56 PM
 #844

If majority of the people will used the bitcoin in transaction. We can assure and prove to other people that bitcoin is really the fastest way to transact especially in buisness. Not just that ,the value of  bitcoin can increase dramatically in less than a minute. It just need proper managing .

The biggest question there is  "HOW"? we can't even convince our partners and friends in real life to use it, how will we convince others to use bitcoin. With that, I could say that merchants that accepts bitcoin will play a great role in spreading bitcoin, they should be the people where we should introduce bitcoin. I am sure that it's not easy, usually a businessman are old people in the society, therefore it's hard to convince them with just bubbling words.

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January 13, 2017, 01:50:30 PM
 #845

Value stability !
Most people will avoid risky investment , people will use currency that have stable value

Goverment support !
When goverment made bitcoin as legal currency , bitcoin usage will increase ( for public and for personal usage )

To be honest both of the above mentioned things are NEVER going to happen to bitcoin.

Value will not become stable simply because the sheer number of traders of bitcoin are too many and there is always the regular pumping and dumping occurring that makes prices volatile.

Governments are actually against bitcoin. Many country governments have already banned bitcoin. SImply because the banks help taxation which is a good source of income of the government. It is good but bitcoin being decentralized, there is no one to regulate taxes like that until some enforcing is done in the proper place.

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January 13, 2017, 04:11:46 PM
 #846

You can try to create conventional videos on how bitcoin will work for their businesses. Don't forget to include the benefits of using bitcoin and how it is so efficient to be used as a payment for POS. So in that way, it will be presented in rich form than using any basic techniques like word of mouth. And I believe they will be more persuaded by using virtual materials than just speeches which makes it boring in listening only.
And in presenting video I guess better to make something memorable to the audience and more on the advantage on how they will be benified on using it.

Graphic material is an alternative too. Print useful documents that explains the use of bitcoin.

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January 14, 2017, 01:10:27 AM
 #847

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.
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January 14, 2017, 02:36:41 AM
 #848

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.

No We cant encourage them by experiment with it. If i am a business man, I want to have an advantages to encourage me to use this bitcoin. But How will you encourage me? What is the best advantages using this coin? The price of this coin is not stable so if they pay using this bitcoin, and the price decrease i will lose some profit. Thats not good in business Sad
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January 14, 2017, 04:33:06 AM
 #849

i don't think that we can help them, they have to decide on their own

Yes we can, we can encourage them. We can explain them what are the benefits, like those related to taxes or that they will maybe easier find bitcoin investors then fiat investors or that with using bitcoins they could be more competitive. There are risks too, ofw course, but it's worth trying.
Businesses owners prefer to stay out of trouble, if you begin to say to them they can avoid taxes with bitcoin they are going to avoid bitcoin even more since they prefer to pay their taxes than to risk their investment in their business.

Its more like the business owners dont need to accept BTC. Accepting fiat and credit cards works fine and smoothly for them so why is there a need add BTC. How will that be an advantage to them? All the Bitcoiners in this thread doesnt even spend that much in BTC anyway.
It depends on the location, there could be zones where there is a high concentration of bitcoin users and in those places it could be profitable to accept bitcoin in your business.
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January 14, 2017, 07:56:06 AM
 #850

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.

No We cant encourage them by experiment with it. If i am a business man, I want to have an advantages to encourage me to use this bitcoin. But How will you encourage me? What is the best advantages using this coin? The price of this coin is not stable so if they pay using this bitcoin, and the price decrease i will lose some profit. Thats not good in business Sad

You don't have to cash out when the price has decreased. You can always wait for a few more months before cashing out and that would give you profit. All of these is just a seasonal thing. There are times when bitcoin's down, and there are times when bitcoin's up. Just convert your coins when the price is much higher than when you acquired those coins and you'll be fine.

But if you're still worried that some emergency might be in the way that would force you to cash out at a price dip, then just convert the coins to fiat right when you received it.

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January 14, 2017, 11:05:37 AM
 #851

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.
No it's not right to let them experiment because businessman have no ide what bitcoins are but you can explain them instead of let them experiment they also need a basic explaination.

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January 14, 2017, 01:22:11 PM
 #852

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.

No We cant encourage them by experiment with it. If i am a business man, I want to have an advantages to encourage me to use this bitcoin. But How will you encourage me? What is the best advantages using this coin? The price of this coin is not stable so if they pay using this bitcoin, and the price decrease i will lose some profit. Thats not good in business Sad

You don't have to cash out when the price has decreased. You can always wait for a few more months before cashing out and that would give you profit. All of these is just a seasonal thing. There are times when bitcoin's down, and there are times when bitcoin's up. Just convert your coins when the price is much higher than when you acquired those coins and you'll be fine.

But if you're still worried that some emergency might be in the way that would force you to cash out at a price dip, then just convert the coins to fiat right when you received it.
But in business they need the payment immediately to use in their businesses, and sometimes the price is not stable so even if you convert it immediately the payment is not current sometimes it higher or it lower. And if you are the businessman, if your customers pay you now, then the payment does not reach the capital and you need to buy another product because you already sell your item at deficit price. What will you do? you will loan? or you will convert it ?
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January 14, 2017, 11:29:38 PM
 #853

another ways of encouragement is by letting them see the benefits of using Bitcoins, tell them that bitcoin doesn't needs more papers as transaction records, what they needed is just the internet connection.

How is that an advantage of bitcoin over paper money? Paper money don't need transaction records too and it doesn't even require Internet connection. You just give him your paper money, he says "Thank you.", he hands you the item, and then that's it. A bitcoin transaction would require a mobile phone, scanning QR code, and then putting the amount of bitcoins, and then waiting for an average of 10 mins for the transaction to get processed. Not to mention if the location of the shop doesn't have Wi-Fi, in a remote area, or doesn't have a good signal reception.

you can even say that bitcoin is a part of innovations and new technologies that attracts more customers and investors especially those "techies" and the youth which are hooked at the digital innovations.
That would work. People want to be "in". People want to follow the trend. Simply saying that it's the "thing" right now will get them hooked in the idea.

People like to be a part of innovation, but when it comes to reality they prefer fiat as its easy and accessible everywhere. No limitations that it needs to have technical knowledge or something. Bitcoin is not like that, simply describing it an innovation and making people start to use it is really not possible. The people who already know about it when starts using into businesses it easily gains the attention.



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TheUltraElite
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January 15, 2017, 09:26:00 AM
 #854

We can encourage them by let them experiment with it, let them test it and than they will soon or later gonna sue it for sure.
No it's not right to let them experiment because businessman have no ide what bitcoins are but you can explain them instead of let them experiment they also need a basic explaination.

And who is going to pay them remittance or bear the jail when the experiment turns to a scam one?

Many people have organised such scam events in order to make people buy bitcoins for them and then they ran away with their money. Even the sales organizers were not aware that it was a scam and got beaten up by the public.

Organizing a mass advertisement campaign for local businesses is not an easy job. You have to make them accept it.

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bohr
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January 16, 2017, 05:10:50 AM
 #855

A way to encourage business will be be trying to get more people involved in bitcoin within your community explain them what advantages they can get out of bitcoin and if they like it then they will adopt bitcoin and eventually business will begin to adopt it.
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January 16, 2017, 12:17:54 PM
 #856

A way to encourage business will be be trying to get more people involved in bitcoin within your community explain them what advantages they can get out of bitcoin and if they like it then they will adopt bitcoin and eventually business will begin to adopt it.

Simple words of explanation is not going to be enough to make those business owners encourage for using bitcoin. You need to do a lot of things so that they can consider your explanation is a tough one and believable. So, upon explaining what are the advantages of bitcoin, you also need to include some proof of your profit with it.

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January 16, 2017, 09:06:38 PM
 #857

If majority of the people will used the bitcoin in transaction. We can assure and prove to other people that bitcoin is really the fastest way to transact especially in buisness. Not just that ,the value of  bitcoin can increase dramatically in less than a minute. It just need proper managing .

First question is why would people use bitcoin in transaction? Bitcoin is not fastest way, and bitcoin price has nothing with selling goods, they have their own price and that price doesn`t depend from bitcoin. Second question is what you think what kind of managing do we need?
Local business need legality and stability, what is someone sell all store for bitcoins and the next day bitcoin price drops significantly, merchant will lose a lot, and he will lose business cause he will not be able to order new stuff. I think local businesses need stability, they will not risk their money and wealth just like that.

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January 17, 2017, 01:20:31 AM
 #858

Very easy.

Merchants want one simple basic thing : sell
Provide them a device that integrate bitcoin acceptance, basic and simple to use, no hassle and instant conversion to Fiat deposited the next day and you will see them adopt Bitcoin as fast as VISA/Mastercard.

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January 17, 2017, 03:05:18 PM
 #859

Yes we can encourage local businesses to accept btc, and before that  you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

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January 17, 2017, 03:15:52 PM
 #860

Yes we can encourage local businesses to accept btc, and before that  you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.

I think in explaining it to a newbie, we should make it short but brief, and just let them explore bitcoin by themselves...As much as possible we should not sugarcoat what we are saying about bitcoin,t should be something realistic...

When we are talking about the price fluctuation, I think we should show some chart to them, so they know, and see what is their impression about the price... But we should  not force them to accept bitcoin, it is not their obligation to accept bitcoin and its their choice whether they will try it or not...  Smiley

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