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Author Topic: Do you have an idea to invest your bitcoin in offline business?  (Read 32749 times)
pinkflower
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February 21, 2017, 07:00:07 AM
 #21

Hmm, indeed offline have a growth rate much higher than online. But according to my analysis, in the future all people will start to leave offline and switch to online. Because I'm sure in the future advances in technology will greatly facilitate all activities we do. So, the online business is a very suitable base for bitcoin. Because an online business are looking for a tool that is very flexible and very profitable. You don't have to worry if the Government in your country prohibit bitcoin then it is not an issue, because it can still access if you still get the flow of the internet

Really? Can you give us more info on your analysis? Im sure it would be eye opening to us here in the forum. Whether that eye opener is positive or negative will however depend.

If you think businesses on the internet are very suitable for BTC, why arent that many online shops using it? Im not talking about small online shops, Im talking about big businesses like Amazon. Please give us your analysis on that.



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February 21, 2017, 07:09:22 AM
 #22

As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?

Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?


It could be possible but to be honest bitcoin needs to first reach a great level of adoption to be able to take advantage of business opportunities off line since there are lots of opportunities online we cannot take advantage for the lack of adoption.

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February 21, 2017, 12:36:30 PM
 #23

As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?

Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?



It is a good idea. But it just fit with some people used to know and use bitcoin.
And for those who do not know, it's hard to explain and convince them to accept Bitcoin currency
cramcram21
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February 21, 2017, 02:11:14 PM
 #24

Well I know some people that are using bitcoin for their business in real life,
I mean they use bitcoin as a capital for their store's .

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February 21, 2017, 09:42:29 PM
 #25

You can't use bitcoin in an offline business. You have to convert it into fiat. Once you convert it's no longer bitcoin, it's fiat. In this discussion bitcoin is not involved. The correct question has to be like this: Do you have an idea to invest your online earnings in offline business? My answer would be yes if I have enough capital and see a profit potential.

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February 22, 2017, 01:30:51 AM
 #26

If i have the money i will surely invest it to creating my own mining farm to mine my own bitcoins.
I'll start from buying some few equipments like mining rigs just for starters cause i know when starting a business has some trial and errors
So i must have some understanding first to what kind of business im doing then if i manage to pull through and start earning some good amount of money. I'll try expanding it.






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February 22, 2017, 01:41:26 AM
 #27

Instead of making an ordinary offline business, i'd much rather prefer having stake in BTM's or Vending Machines accepting Bitcoin as a payment method.

Now there are insane types of startups that enable Bitcoin to be expanded into a physical environment, it'll be a longer wait to see its entire potential.

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February 22, 2017, 02:09:52 AM
 #28

You can't use bitcoin in an offline business. You have to convert it into fiat. Once you convert it's no longer bitcoin, it's fiat. In this discussion bitcoin is not involved. The correct question has to be like this: Do you have an idea to invest your online earnings in offline business? My answer would be yes if I have enough capital and see a profit potential.
Good answer, I like it. There is literally no way to invest your bitcoin in "offline" business without exchanging BTC to FIAT first.

Someone in this thread also asked about bitcoin crowdfunding to fuel your real life projects - don't do it with Bitcoin, you will fail.
The reason ICO crowdfunding is so popular is that  backers expect revenue from early stage cryptocurrency projects, and you can't give them that with your 'offline' business.
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February 22, 2017, 03:01:32 AM
 #29

If government's accept Bitcoin as a payment method than i am ready to setup milk dairy farm. Where i can accept payments in bitcoin because today there is huge demand for genuine milk. Really this business will give lot profits, but you need to do lot of hard work so that people should believe me.


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February 22, 2017, 06:43:55 AM
 #30

Well I know some people that are using bitcoin for their business in real life,
I mean they use bitcoin as a capital for their store's .

Yeah and they have to convert their BTC to fiat, dont they? Technically that makes their BTC investment in real life actually a fiat investment.

This is the second time I heard someone mention they use BTC as capital for their stores. What country do they do it from and what kind of stores are they? I also want to know why theres a need for BTC to start their stores. Why not use fiat directly instead of buying BTC then converting back to fiat again. What role is BTC playing?



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February 22, 2017, 09:33:11 AM
 #31

Convert bitcoin into fiat money. That's my idea. However your convertion is to fund offline business. Or get croudfunding from bitcoin commnunity to do offline business. By converting into fiat money, offline business which is stable can attract investment instead of deposit into HYIP.

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stomachgrowls
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February 22, 2017, 11:34:13 AM
 #32

Convert bitcoin into fiat money. That's my idea. However your convertion is to fund offline business. Or get croudfunding from bitcoin commnunity to do offline business. By converting into fiat money, offline business which is stable can attract investment instead of deposit into HYIP.
Ill make the same move too on which those bitcoin would be converted to fiat to invest it on offline business since bitcoin isnt popular in my place and its nonsense on building or accepting bitcoin if the people live on your place doesnt even recognize it.

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michkima
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February 22, 2017, 01:23:14 PM
 #33

Convert bitcoin into fiat money. That's my idea. However your convertion is to fund offline business. Or get croudfunding from bitcoin commnunity to do offline business. By converting into fiat money, offline business which is stable can attract investment instead of deposit into HYIP.
Ill make the same move too on which those bitcoin would be converted to fiat to invest it on offline business since bitcoin isnt popular in my place and its nonsense on building or accepting bitcoin if the people live on your place doesnt even recognize it.

This is the only recourse anyone can do if you plan to invest your bitcoins in offline businesses, unless whatever you need to buy for the business accepts bitcoins then you can proceed using bitcoins. But generally, it's impossible to invest your bitcoins directly to offline businesses.

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pinkflower
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February 23, 2017, 09:15:40 AM
 #34

Convert bitcoin into fiat money. That's my idea. However your convertion is to fund offline business. Or get croudfunding from bitcoin commnunity to do offline business. By converting into fiat money, offline business which is stable can attract investment instead of deposit into HYIP.
Ill make the same move too on which those bitcoin would be converted to fiat to invest it on offline business since bitcoin isnt popular in my place and its nonsense on building or accepting bitcoin if the people live on your place doesnt even recognize it.

This is the only recourse anyone can do if you plan to invest your bitcoins in offline businesses, unless whatever you need to buy for the business accepts bitcoins then you can proceed using bitcoins. But generally, it's impossible to invest your bitcoins directly to offline businesses.

Ok so technically we are all in the same idea here that fiat is used to invest in an offline business. I have read some people posted that they use BTC to fund their stores. What is that all about? They buy BTC then convert it back to fiat to fund their stores? Where did they get the BTC in the first place if not to buy them from an exchange? Why didnt they use fiat directly?



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February 23, 2017, 10:46:29 AM
 #35

Well I know some people that are using bitcoin for their business in real life,
I mean they use bitcoin as a capital for their store's .

Yeah and they have to convert their BTC to fiat, dont they? Technically that makes their BTC investment in real life actually a fiat investment.

This is the second time I heard someone mention they use BTC as capital for their stores. What country do they do it from and what kind of stores are they? I also want to know why theres a need for BTC to start their stores. Why not use fiat directly instead of buying BTC then converting back to fiat again. What role is BTC playing?
The benefit for using Bitcoin instead of Fiat is to have your own bank. With Bitcoin you don't need to rely on any bank in case of high income which need any bank to secure.

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February 24, 2017, 06:07:00 AM
 #36

Well I know some people that are using bitcoin for their business in real life,
I mean they use bitcoin as a capital for their store's .

Yeah and they have to convert their BTC to fiat, dont they? Technically that makes their BTC investment in real life actually a fiat investment.

This is the second time I heard someone mention they use BTC as capital for their stores. What country do they do it from and what kind of stores are they? I also want to know why theres a need for BTC to start their stores. Why not use fiat directly instead of buying BTC then converting back to fiat again. What role is BTC playing?
The benefit for using Bitcoin instead of Fiat is to have your own bank. With Bitcoin you don't need to rely on any bank in case of high income which need any bank to secure.

The idea is good but to set up a bank we need to make a lot of agreements with the government. Because still now government did not announce anything about bitcoin, so really it is the tough job to set up our own bank.


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stomachgrowls
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February 24, 2017, 06:10:25 AM
 #37

Convert bitcoin into fiat money. That's my idea. However your convertion is to fund offline business. Or get croudfunding from bitcoin commnunity to do offline business. By converting into fiat money, offline business which is stable can attract investment instead of deposit into HYIP.
Ill make the same move too on which those bitcoin would be converted to fiat to invest it on offline business since bitcoin isnt popular in my place and its nonsense on building or accepting bitcoin if the people live on your place doesnt even recognize it.

This is the only recourse anyone can do if you plan to invest your bitcoins in offline businesses, unless whatever you need to buy for the business accepts bitcoins then you can proceed using bitcoins. But generally, it's impossible to invest your bitcoins directly to offline businesses.

Ok so technically we are all in the same idea here that fiat is used to invest in an offline business. I have read some people posted that they use BTC to fund their stores. What is that all about? They buy BTC then convert it back to fiat to fund their stores? Where did they get the BTC in the first place if not to buy them from an exchange? Why didnt they use fiat directly?
Then maybe they are longing for the possible profits that bitcoin would give them because price does increase and they have the will to convert their btc to fiat anytime and thats the advantage. When they would directly fund using fiat it would be fixed unlike on buying bitcoin and might hold little bit more value would really be different.

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pinkflower
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February 24, 2017, 07:35:59 AM
 #38

Well I know some people that are using bitcoin for their business in real life,
I mean they use bitcoin as a capital for their store's .

Yeah and they have to convert their BTC to fiat, dont they? Technically that makes their BTC investment in real life actually a fiat investment.

This is the second time I heard someone mention they use BTC as capital for their stores. What country do they do it from and what kind of stores are they? I also want to know why theres a need for BTC to start their stores. Why not use fiat directly instead of buying BTC then converting back to fiat again. What role is BTC playing?
The benefit for using Bitcoin instead of Fiat is to have your own bank. With Bitcoin you don't need to rely on any bank in case of high income which need any bank to secure.

I know the benefits. What Im trying to ask is why is there a need to convert fiat to BTC then back to fiat to invest in their stores? Why was there a need to get BTC? Read the other posts in the thread to know what we have been arguing about.

One person here said he uses BTC for his convenience store. Why didnt he use fiat directly? Why did he have to buy BTC or where did he get the BTC?



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valta4065
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February 24, 2017, 09:41:40 AM
 #39

Bitcoin is digital and digital only!

Seems hard to me to "invest" btc in anything that is... Real in a material way.
Most of the ways you'll see will need to first convert to fiat. BTC is still faaaaaaaaar behind in terms of importance and recognition...


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Potato Chips
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February 25, 2017, 09:57:53 AM
 #40

I'd love to invest my bitcoin in an offline business but we all know that it is not accepted widely so If I'm going to fund an offline

business I will have to convert my bitcoin to cash and I won't do that because If I do I can no longer increase the $ amount of

bitcoins.  I said to myself that I will keep my bitcoins for a long term.

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