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Author Topic: How can we encourage local businesses to accept BTC?  (Read 158307 times)
Hazir
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March 17, 2017, 11:20:22 AM
 #981

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



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Kolder
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March 17, 2017, 11:28:15 AM
 #982

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



Merchants needs to realize that bitcoin wallet is a good way for easy transferring of money and it will helps them alot to ensures the payment. It will also help knowing that bitcoin value is rapidly increasing. They can save enough and can use transactions monitoring.

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March 17, 2017, 09:05:30 PM
 #983

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.


 
 
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thefaucetrunner
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March 17, 2017, 09:07:33 PM
 #984

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.

Its not hard to convince people to star using bitcoins but it will depend on how you are good at convincing other and if you tell them that they can earn more money with bitcoins then you don't have to explain them anything else and they will start to know more about bitcoins.


 
 
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delliaerd
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March 17, 2017, 10:26:21 PM
 #985

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.

Its not hard to convince people to star using bitcoins but it will depend on how you are good at convincing other and if you tell them that they can earn more money with bitcoins then you don't have to explain them anything else and they will start to know more about bitcoins.

Well, i couldn't agree more with you above. It will be great.
But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.

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March 18, 2017, 08:01:04 AM
 #986

~snip~

Well, i couldn't agree more with you above. It will be great.
[1]But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
[2]For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.

[1] - On the contrary, there's not much people in the society using bitcoins. There are theories that as humans, we tend to copy other people. If everyone else is using bitcoins, eventually you'll use bitcoins as well. But we're not at that point yet. We're still at the starting point where the growth is the slowest (with exception on other things of course).

The case today: People are going to use bitcoins when they read about it online and got interested about it. Not because the society is using it already.

[2] That's every bitcoin user's dream. To use his bitcoins for payment without requiring to convert it to fiat first. Sadly, there's not that much shop that allows that.

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March 18, 2017, 10:34:29 AM
 #987

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



If the stores were to use a payment processor anyway then its better for them to accept credit cards and prepaid debit cards. The amount of BTC purchases will not justify the acceptance because paying with fiat will make more sense.

The hard fork will not happen? It is gaining more mining power and has hit 40% the last few days. Once it reaches 50% theres no going back. It will gain more momentum. There is nothing the developers and community can do except try to hold on that will cause to split the blockchain. For a Legendary I am surprised with your misinformed post.


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March 18, 2017, 11:41:40 AM
 #988

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.

Its not hard to convince people to star using bitcoins but it will depend on how you are good at convincing other and if you tell them that they can earn more money with bitcoins then you don't have to explain them anything else and they will start to know more about bitcoins.

Well, i couldn't agree more with you above. It will be great.
But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.

Thats the problem, Only a few number of people are using bitcoin today furthermore convincing other people is not that easy. Lets not rush things,

What we should do now is to spread awareness and to help bitcoin have a good impression on others. That being said my suggestion is to accept

different popular payment methods along bitcoin. To be honest accepting bitcoin only is not that good for your business.


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btcdiggingmaster
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March 18, 2017, 03:51:32 PM
 #989

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



Merchants needs to realize that bitcoin wallet is a good way for easy transferring of money and it will helps them alot to ensures the payment. It will also help knowing that bitcoin value is rapidly increasing. They can save enough and can use transactions monitoring.

Yes, but they need to wait when the price of bitcoin decreases. The price of bitcoin decreases they won't get the actual value of the product, so in this case, shop keeper's will be in loss, so it will be very hard to convince the local business people.

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March 21, 2017, 06:34:34 AM
 #990

 I think you can give them a short explantion as to why you support bitcoin.
jossiel
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March 21, 2017, 06:53:37 AM
 #991

I think you can give them a short explantion as to why you support bitcoin.

Short explanation isn't going to be enough to show those local business owners why you support bitcoin and on how they are going to benefit from it.

You need to show and explain why they are going to get benefit from it like giving their customers another way of paying their services and goods.

And of course disclose to them the disadvantage of it.



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Oilacris
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March 21, 2017, 12:23:12 PM
 #992

I think you can give them a short explantion as to why you support bitcoin.

Short explanation isn't going to be enough to show those local business owners why you support bitcoin and on how they are going to benefit from it.

You need to show and explain why they are going to get benefit from it like giving their customers another way of paying their services and goods.

And of course disclose to them the disadvantage of it.
And when you speak or disclose about its disadvantage then most of them or all of those owners will directly neglect or refuse bitcoin but well its a part on explaining it so that they would be aware about bitcoin even more.Local business owners cant really easy adopt bitcoin since its not being regulated by the government and they dont like unstable prices.

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March 21, 2017, 02:19:42 PM
 #993

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.

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March 21, 2017, 02:28:43 PM
 #994

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.
well demand will let them think to accept it and more explanation and showing the advantage and benefits of using bitcoin for their business
will also gather their interest, as business minded people always look for an advantage for their profits so if they will see that bitcoin will give
them favor for sure they will embrace it in no time.

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March 22, 2017, 04:04:25 AM
 #995

I think you can give them a short explantion as to why you support bitcoin.

Short explanation isn't going to be enough to show those local business owners why you support bitcoin and on how they are going to benefit from it.

You need to show and explain why they are going to get benefit from it like giving their customers another way of paying their services and goods.

And of course disclose to them the disadvantage of it.
And when you speak or disclose about its disadvantage then most of them or all of those owners will directly neglect or refuse bitcoin but well its a part on explaining it so that they would be aware about bitcoin even more.Local business owners cant really easy adopt bitcoin since its not being regulated by the government and they dont like unstable prices.

I guess they won't since they are open-minded and they know how business works, for sure they know that it has risk and negative impact to the people.

They will simply understand it as long as you can defend that negativity into positive opportunity.



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March 22, 2017, 11:00:55 AM
 #996

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.

I think if people are already using bitcoins, merchants will just follow. Imagine if you're the owner and someone asked you if you're accepting bitcoins, and then after a short while somebody asked you again. And then the next day somebody asked you again, you surely will be totally curious about what's bitcoin. If you push a business owner to accept bitcoins because it will "bring more sales and new customers" and there's not that much bitcoin users at the area, he will just be disappointed at you because you forced him and all his efforts are for nothing.

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gabbie2010
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March 22, 2017, 12:57:05 PM
 #997

We can encourage local businesses to accept Bitcoin by embarking on massive enlightenment campaign via mass media, with the aid of banners ,posters e.t.c  local business will thrive if more people accept Bitcoin as means of payment.

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Oilacris
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March 22, 2017, 01:07:37 PM
 #998

I think you can give them a short explantion as to why you support bitcoin.

Short explanation isn't going to be enough to show those local business owners why you support bitcoin and on how they are going to benefit from it.

You need to show and explain why they are going to get benefit from it like giving their customers another way of paying their services and goods.

And of course disclose to them the disadvantage of it.
And when you speak or disclose about its disadvantage then most of them or all of those owners will directly neglect or refuse bitcoin but well its a part on explaining it so that they would be aware about bitcoin even more.Local business owners cant really easy adopt bitcoin since its not being regulated by the government and they dont like unstable prices.

I guess they won't since they are open-minded and they know how business works, for sure they know that it has risk and negative impact to the people.

They will simply understand it as long as you can defend that negativity into positive opportunity.
It depends on the approach you will made on how you would able to explain but there are business owners who were close minded persons which they would stand for their own views and beliefs in terms of business and most of them do really like to play safe which means chances of being rejected or neglected about bitcoin would be really high.

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Jasad
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March 22, 2017, 02:52:23 PM
 #999

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.
well demand will let them think to accept it and more explanation and showing the advantage and benefits of using bitcoin for their business
will also gather their interest, as business minded people always look for an advantage for their profits so if they will see that bitcoin will give
them favor for sure they will embrace it in no time.
yeah you should have a good and a little bit large bitcoin community around ,
so you can make the job to encourage local business to accept bitcoin easier ,
explain everything together and it will attract people to come ,
as they curious what happening there , and that time is the show time.

Potato Chips
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March 22, 2017, 05:37:50 PM
 #1000

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.
well demand will let them think to accept it and more explanation and showing the advantage and benefits of using bitcoin for their business
will also gather their interest, as business minded people always look for an advantage for their profits so if they will see that bitcoin will give
them favor for sure they will embrace it in no time.
yeah you should have a good and a little bit large bitcoin community around ,
so you can make the job to encourage local business to accept bitcoin easier ,
explain everything together and it will attract people to come ,
as they curious what happening there , and that time is the show time.

It wil be great if local businesses accepts bitcoin but why not focus on the root of the problem on why they don't accept it? Imo it is because they have

never heard of it/using it and not a single customer have mentioned it. I'm one of those people who believes that if bitcoin became popular, Its

acceptance from various kinds of business will naturally come. What we should do now is to increase the satisfied bitcoin users.


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