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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
thecoder2017
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May 11, 2018, 09:37:52 PM
 #141

I heard that there are already online stores that accepts bitcoin as payment and maybe the owner of this store are also bitcoin users because you cant have their payment if you dont know the procedure in paying with bitcoin.
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May 11, 2018, 09:45:03 PM
 #142

My friend has a business - he builds smart homes. And at the request of the owners puts mining farm in the basement. Smart home consumes a lot of electricity and mining farm pays for part of these costs. Cryptocurrencies are becoming a part of our lives.
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May 11, 2018, 10:05:35 PM
 #143

how many people are ready to sell their goods or services on crypto?
I can't count them in but AFAIK there are plenty of it already.
Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency.
Building E-commerce? there's many offers in the Services section that wants to help others but with pay.
What kind of reasons can motivate people to start a crypto business?
If someone successful will show on how effective it is in crypto in terms of his profits, many will be motivated and encouraged.

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DrGuns4Hands
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May 11, 2018, 11:36:38 PM
 #144

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 have small business but I never sell it for bitcoin, I know that bitcoin has a high cost of demand but we don't know when bitcoin would be gone so that its better to have a double investment you have business and the same time you have investment on bitcoin don't sacrifice one of it be smart enough to handle the situation, you can motivate people to start crypto by showing the proof on how much that you gain in this crypto world.
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May 12, 2018, 02:13:06 AM
 #145

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 do not know yet a small business firm using crypto currency for their goods or services. I think it is difficult because crypto coins are volatile. The cost for the goods or service is fix but the crypto is not. I think it is difficult to deal with.

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May 12, 2018, 02:57:12 AM
 #146

Yes , a very small business is ready for sell  cryptocurrency, though how  much small the capital of your business but the value of cryptocurrency are there and referrence of your of your business is in digital forms in equivalent,   so those samall business  can use decimal equivalent to its actual value.

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May 12, 2018, 03:12:07 AM
 #147

In my country there are already some online stores (which can be treated as small business), selling various kinds of stuff from pet supplies to underwear.
I still can't figure out how they manage the daily volatility of BTC? How much would an item cost in BTC could lose 20% of its value over a day?
Maybe the owners of these businesses just use the earned bitcoins for future investment?

with the number of small shops that also accept bitcoin payment is also included in the support in bitcoin business as a method of payment. but the problem is sometimes at the fee and also in the old delivery
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May 12, 2018, 03:30:05 AM
 #148

It hard to build or succeed in crypto on a small scale business. Most crypto business are on a large scale. Maybe, in the future when the crypto is spread all over the world, even on local places, then maybe small business would be able to succeed.
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May 12, 2018, 04:27:10 AM
 #149

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 reason why some establishment won't get accepting bitcoin as payment cause they still doubt crypto's capabilities. Maybe they change their mind if cryptocurrency have fully gained support from the government and even accepted by known companies.
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May 12, 2018, 03:24:58 PM
 #150

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?
for now it is not easy for us to buy goods with bitcoin, especially in a country that prohibits bitcoin how it can be exceptionally in a legitimate country with bitcoin other than that their motivation to do business like that hopes to get bigger profit.
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May 12, 2018, 07:41:50 PM
 #151

Cryptocurrency turnover is still very small. But, soon we will switch to cryptocurrency in all spheres and industries. Paper money today is already outdated. The future belongs to cryptocurrency!
While you are correct when you say that cash is outdated that does not mean that an outdated technology cannot bring benefits to people, we are a a few centuries too soon to implement digital currencies all over the world, now most money is moving in a digital form but we still need cash there are many poor people that do not have access to technology and they could not use digital money if that was the only way to access the economy, we will need to come to a point in history in which every single person around the world has at least a smart phone with connection to the Internet.
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May 12, 2018, 07:48:56 PM
 #152

No small businesses are not yet very to sell anything for cryptocurrencies as because they still do not get fully satisfied and they are till now scared about it the thing is they buy any cryptocurrency from anyone then they are going to face the downfall in the market which is technically right. I have not seen any small business accepting Bitcoin at least in my locality and I hope I can see it very soon.
jonaire99
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May 13, 2018, 08:08:52 AM
 #153

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 central bank here in my country has allowed some merchants to use bitcoin as a payment like the remittance business but there are still no verified reports that some small online businesses are already using the cryptocurrency as one of their form of payment. The government is still drafting some guideline or regulation for the proper use of any virtual coins by any business entities. Some problems that should be address is the rapid fluctuation of bitcoin price and the security issues of storing a bitcoin.

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May 13, 2018, 08:52:41 AM
 #154

It's just that the payment is using alt coin. If it's a small business it is not possible to use bitcoin which currently has a high price. It will be difficult to split bitcoin in a few hundreds to thousands of small parts.

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May 13, 2018, 09:00:14 AM
 #155

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?
For any merchants to start accepting cryptocurrency they need to have a system where they are able to swap the digital assets to fiat currency as soon as they conduct their business and if that is possible then merchants will start accepting any digital coins and it might take a longer period of time to actually see those changes.

Not necessarily. Some merchants might just prefer to accept bitcoin and then just keep it as bitcoin, and sell it manually when the price is right. This is another way of holding and investing. Spend fiat on the business, accept Bitcoin at a premium rate (in actual effect they obtain more bitcoin than if they just bought it themselves since fees and rates are slightly higher if selling in bitcoin).

But yes, the one thing preventing is volatility. But it works both ways. Sometimes you end up earning more, sometimes less.

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May 13, 2018, 09:46:59 AM
 #156

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 , 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. But I think the small business is not ready to do that. It needs much money to sell crypto currency.
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May 13, 2018, 07:41:21 PM
 #157

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?
If there is a demand from the customers, then any merchants will start accepting bitcoin or any other altcoin, we had many stores that accepted bitcoin but now the number of stores are really low after the transaction charges went higher last year but even after the activation of segwit and lower fees, i thought the merchants will start accepting it once again, but it looks like we need to wait for a longer period.
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May 13, 2018, 07:56:53 PM
 #158

very much, even the looks of the eye now is the ICO. held crowdsale to finance a project, with products, markets, e-commerce, tickets, banks, property / mortgages, and more. for me the reason is only one, get profit as much as possible.

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May 13, 2018, 07:59:25 PM
 #159

very much, even the looks of the eye now is the ICO. held crowdsale to finance a project, with products, markets, e-commerce, tickets, banks, property / mortgages, and more. for me the reason is only one, get profit as much as possible.

I think small investment also helps for the development of the values of the crypto currencies so I think it will be a nice think for all of us but need to hold for sometimes and also wait with patience.
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May 13, 2018, 08:07:43 PM
 #160

I think yes, why not. But we need more stable and regulated crypto economy operating already to perform that, otherwise no.
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