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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 1777 times)
Ilia5225
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May 04, 2018, 08:33:45 AM
 #1

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

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May 04, 2018, 08:47:55 AM
 #2

All people can buy and sell goods for bitcoin. I would say 2 problems in bitcoin. 1 Governments prevent the development of bitcoin. 2 Slow transaction confirmation on the network
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May 04, 2018, 10:19:30 AM
 #3

the reason people start doing business on this crypto is none other than to look for more profit, so that many people on a large scale pursue this, hopefully more and more online stores and other online-based businesses use this crupto, so the spread over the world the bigger and the gain in getting also bigger
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May 04, 2018, 10:24:01 AM
 #4

Most of the stores who accept bitcoin at the moment do it for the gimmick, as there bitcoin's users community is not large enough to actually make bitcoin based business.
So at the moment the bitcoin accept stores do it for the gimmick or they are selling bitcoin related stuffs or offering bitcoin related services so they aim at bitcoin users community.


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May 04, 2018, 10:29:28 AM
 #5

build small business use crypto depend on the situations on the particular countries because you cannot build your own business use crypto if your country banned crypto but the common reason why they build online stores accept crypto as the payment maybe use crypto is more easy than use cash for transactions and it can do everytime and everywhere as long as internet connections available
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May 04, 2018, 10:29:36 AM
 #6

There's many things that the sellers need to consider first. Specially if cryptocurrency is not yet known in your local country, let me give you a scenario:

A small business opens up, the owner sells good in exchange to crypto. However the cryptocurrency is not yet known to their country and doesn't have the feature of withdrawing the bitcoin to their local area and the owner needs to go to exchange site, transfer the crypto he/she has earned (needs fee), then exchange to fiats (needs small fee) and withdraw it to his/her atm (I think a fee is needed too) So in short by exchanging the cryptos to fiats you need to pay for fees before getting the real money.

Second, the business needs fiats to buy local goods or anything to sell so he really needs to exchange that cryptos to fiats to circulate the capital.

Third, the bitcoins and other cryptocurrencies price are volatile it may goes up and down in just a matter of seconds or minutes. In short the owner doesn't have any sure profit because of the volatilities of the cryptocurrencies unlike fiats.

This is not just the things he/she needs to consider, he/she also needs to consider the surroundings including the number of crypto users in the forum and other stuffs.
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May 04, 2018, 10:43:38 AM
 #7

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

There is nothing wrong for small business to receive bitcoin for the sale of goods but it should not be the exclusive currency of trade. The reason for that is, as a small business, there is going to be a need for high and stable working capital which due to the volatility of bitcoin price could pose some difficulty for the business especially if those he is buying from don't receive btc but with the combination of other currencies in this case fiat, the balance will be maintained to get the cost of replenishment of store in the case of negative volatility in the price while increase in price of bitcoin would amount of other income.

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May 04, 2018, 10:46:37 AM
 #8

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

i think small businesses are not ready yet to start crypto... starting up crypto requires huge fund to operate. given the volatility of the market, small busineses wont last long if have small funds. it could loss just in a short time.
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May 04, 2018, 10:47:30 AM
 #9

1 Governments prevent the development of bitcoin.
As far as I know not all governing authorities of every country prevents the development of bitcoin. In fact, some countries like Japan and Venezuela legalized bitcoin and other cryptos. Likewise, Russia begins developing blockchain standards of their country, showing their support in crypto's development and is currently drafting blockchain legislation to speed up adoption which will definitely speed up the development of bitcoin too after they have finished drafting those laws.
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May 04, 2018, 11:09:36 AM
 #10

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
The best motivation here is to earn doubled than what we have got in real life business. Cryptocurrency can be a worldwide business because internet is well-known by anyone and we can deliver our goods and services in a fast and reliable transaction. With the use of cryptocurrency, we can make our business more successful than what we stand up in our community.

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May 04, 2018, 11:17:25 AM
 #11

I am an owner of a small busiess in my area, I think I am not ready to accept crypto, becouse it is not many things to do for a crypto here

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May 04, 2018, 11:28:49 AM
 #12

This can cause some difficulties, that might happen only in the country, which has already accepted cryptocurrencies as real and trustworthy.

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May 04, 2018, 11:38:57 AM
 #13

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

There are already some projects like that. I've seen some ICO that offers a platform in which they can buy and sell their products in exchange for cryptocurrency or bitcoin. In terms of preparation and readiness of the people, I beleive we still need some promotions and more encouragement to motivate people to fully operationalize the buying and selling of goods with cryptocurrency.

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May 04, 2018, 11:47:55 AM
 #14

currently there are many uses of cryptocurrency for business, either from blockchain or cryptocurrency technology itself.
because many benefits and also provide convenience for users.
I'm sure someday many will use cryptocurrency services for other businesses

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May 04, 2018, 11:51:29 AM
 #15

People will do this if it is more profitable and easier than paying by cash or credit card. So far, bitcoin payment is more difficult.
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May 04, 2018, 11:54:44 AM
 #16

it is clear the reason someone is doing business crypto because they are all motivated to seek profits there, and maybe if there is a business they are too small or less developed, they will sell for the business crypto, that they do solely for the sake of welfare of life in the field of economy to be more well from before even be able to savings them in the future.
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May 04, 2018, 12:01:27 PM
 #17

That could only be possible with time
When cryptocurrency becomes more accepted by many people.
There at still many people who are yet to know or believe in our so called cryptocurrency. And to make transaction with them as explained may be quite difficult.
Moreso, I think Bitcoin still need some areas to work on, there are some poor price value token that are not exchangeable. They are just lying in the wallet. They should be useful for small businesses/ purchase

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May 04, 2018, 12:17:24 PM
 #18

If we keep saying about all crypto because on the basis of expecting more profit. I took an example in jakarta I never saw a street vendor accept a payment with crypto (btc). And you can spend your own stay in a hotel paying enough with crypto. It attracts street vendors where the trade scale is enough for the simple circle. The glow of the btc in both of the cities haven't spread bigger but people have known to use the chance fast that exist.

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May 04, 2018, 12:21:29 PM
 #19

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency.
Are you looking for an exact number of those merchants? No one will give you the exact number but this can give you an idea on how many are already doing this.
Who Accepts Bitcoins As Payment? List of Companies, Stores, Shops
https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

What kind of reasons can motivate people to start a crypto business?
- Decentralized.
- Ideal for investors who are looking for another source.

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May 04, 2018, 12:25:35 PM
 #20

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
One way to motivate people  to start a crypto business would be the government's support. If there is a strong support from the government then that would the easiest way to do it. So basically, it depends on how the government looked on Crypto. Second is probably if price fluctuation will be minimized then it would be easy to convince people to have crypto business.
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