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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 1262 times)
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May 04, 2018, 12:40:14 PM
 #21

I think small companies are not so quick to encrypt. Small businesses are very sensitive to price fluctuations, and they are often difficult to withstand the encryption of instability. Some big companies should start using encryption first.
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May 04, 2018, 12:45:51 PM
 #22

I hope they will be, it's nice to see that small stall at malls accepts crypto payments, less hassle and fast. It will minimize the line which is really happening when the food is great. In our town their are stores that sells clothes and apparels which accept payment through QR codes, but most people don't know how to use it and just pays through cash.

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May 04, 2018, 12:47:28 PM
 #23

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 helps quick and easy to build an online store and sell for the cryptocurrency. What kind of reasons can motivate people to start a crypto business?
First of all small businesses are slowest to upgrade unless they are really interested in something. Because of Bitcoin's deflationary model, people tend to hoard it instead of using it for buying goods or services on daily basis. Fiat which is inflationary is still a best option for customers to make daily purchases. This slows down the adoption of Bitcoin.

Moreover, with less than 2% of population using Bitcoin, there isn't a great incentive for businesses to accept Bitcoin as a mode of payment. To increase interest of small businesses in Bitcoin, we need more adoption.
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May 04, 2018, 01:03:43 PM
 #24

There are currently no small businesses that accept electronic payments, as their qualifications and facilities do not meet the requirements for holding and storing their BTCs. so they are afraid of this.
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May 04, 2018, 01:05:56 PM
 #25

Not many people ready to have the inconvenience of having slow confirmation between their merchant and their client, but however, actually those problem can be solved simply by using lightning network to speed up the transaction and making the fee really low.
But the problem is, not many people really that technical to know how to implement such thing, many people still illiterate about the technical side of cryptocurrencies.





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May 04, 2018, 01:09:00 PM
 #26

I think small companies are not so quick to encrypt. Small businesses are very sensitive to price fluctuations, and they are often difficult to withstand the encryption of instability. Some big companies should start using encryption first.
you are right small companies and startup companies can't afford this because of the encryption of instability. but big companies can try this first and for them also one problem is there if their country is against the cryptocurrency then they will never try this because they can't do business against the law.
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May 04, 2018, 02:39:28 PM
 #27

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?

a crypto business in my opinion is a bit different from selling stuff for bitcoin.
the selling part is just an additional option that any business can add just for convenience or to increase their number of customers. which is actually happening a lot. there have been merchants that started accepting bitcoin payment and now are reporting their sales have increased noticeably.

a crypto business is a business that focuses completely on bitcoin like a bitcoin exchange, a bitcoin casino, a bitcoin payment processor, a bitcoin bank,... these are the golden opportunities because this market is raw and is not yet filled. if you start a business now you will be the first and will become the biggest with a little effort. for example you can see Coinbase which is basically a bank and also an exchange. they are big and will become the biggest because they are the first. and they will make millions.

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May 04, 2018, 02:54:58 PM
 #28

I think this depends on the user, as long as the small business owner is willing to accept bitcoin then this is doable, there is no limit to receive bitcoin and I'm sure after receiving bitcoin then business will grow.

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May 04, 2018, 03:22:31 PM
 #29

It depends on the business if you are going to speak generally well it is not ready for them to adopt the usage of cryptocurrency or they will not really be needed the currency in the first place because the current fiat is more efficient than the current state of the crypto we have right now, I'm not concluding it will not going to dominate the usability someday but it is too early to say that though there are already small businesses that accept bitcoin as a form of payments.

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May 04, 2018, 03:27:13 PM
 #30

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?

Small business cannot sell cryptocurrency because of the volatility of the market, if you are planning to have a cryptocurrency business then you need a huge amount of capital to cover up the problems when bitcoins grow to a very high amount.

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May 04, 2018, 03:28:52 PM
 #31

I think most of the shops/webstores are not ready yet. Neither the crypto world is ready for this kind of mass adaption.
In my opinion one of the main reasons is the lack of regulation. If I had a webstore I would not implement it, till I don't know how to exchange it to fiat, and how I shoud pay tax after it.
On the other hand, Bitcoin and Ethereum is too slow for this. Lightning Network might be the solution, but to be honest I don't really believe in it. More likely, I think a new blockchain will reach this mass adaption, will see which one.
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May 04, 2018, 03:36:21 PM
 #32

When you sell things online you also need to register you business in order for you to fully operate it and not take it down. So I think for as long as it is okay to put up a buy and sell business online and accepting cryptocurrencies it would be easy for them to market because a lot of people are already aware of the cryptocurrencies.

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May 04, 2018, 03:40:18 PM
 #33

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?

Small business cannot sell cryptocurrency because of the volatility of the market, if you are planning to have a cryptocurrency business then you need a huge amount of capital to cover up the problems when bitcoins grow to a very high amount.
Precisely, but it is doesn't mean that having a big amount of capital to invest is surely profit, it depends upon on how you managed on this because when you got a wrong step in cryptocurrency business surely you will lose. There is no trial and error for crypto so be careful when you have a transaction. Profit is one people go on mass adoption and motivated themselves to have a business in crypto.
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May 04, 2018, 03:53:27 PM
 #34

I think small companies are not so quick to encrypt. Small businesses are very sensitive to price fluctuations, and they are often difficult to withstand the encryption of instability. Some big companies should start using encryption first.
The main thing you should consider is your country's condition of cryptocurrency. If your country receives payment with cryptocurrency you can make business even your business is small. But to attract consumers who do not know cryptocurrency you have to package the product that you will marketed for as attractive as possible. So that everyone who sees the challenges of the products you make can be in the interest of many people, if this happens the consumer will try to buy with the payment system you want.

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May 04, 2018, 04:00:54 PM
 #35

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 believe they can do it but not sure if it will success for today.

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May 04, 2018, 04:20:41 PM
 #36

Most people are not ready yet, only a small number of people who are involved in cryptos are ready for their service. For physical product selling cryptocurrency is not yet ready. We need more options for converting crypto into fiat so many people can join their business with crypto trading interest.

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May 04, 2018, 04:36:19 PM
 #37

I think we will be able to witness the adaption of crypto currencies amongst businesses within the next decade. We are in a digital age now and the evolution in the payment system is already here. Those who own businesses are visionaries and most of them must have thought of integrating crypto currency.

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May 04, 2018, 04:44:20 PM
 #38

If States will not make a problem, my answer will be yes. Nowadays, many countries are unfortunately creating many obstacles for Bitcoin and other similar cryptocurrencies. In order for business owners to earn revenue through this payment method, the government must first take a step and officially accept such money. In the event of such a situation, if the small business owner offers a low commission and cryptocurrency purchase and sale service within the borders of the country where they are located, they may demand payment with these payment methods. I think they are ready for this direction, but I think we will not see this payment method for a while longer in order to avoid a problem with the state.


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May 04, 2018, 05:31:57 PM
 #39

What do you think, how many people are ready to sell their goods or services on crypto?

many people, you may have already seen that there are many people who can buy things with bitcoin

What kind of reasons can motivate people to start a crypto business?

the crypto can increase in value in the next years and this alone is already a good reason... you need to create a good business plan where you know what you want to achieve. if you do not know these things then you can fail, so create a good business plan and strive that everything will work out.

PS: you should pay attention to the regulations, investigate in your country before opening any crypto-related business or accepting payments in crypto


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May 04, 2018, 05:36:36 PM
 #40

We have a national website similar with e-bay and i saw people selling their house or car for bitcoin so i believe that there are people ready to sell their business for crypto money.

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