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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
matchi2011
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February 12, 2019, 02:39:59 AM
 #541

Small businesses that are scattered can actually start by adopting the blockchain as has happened a lot recently, I'm sure with the massive adoption made by small to large businesses, then over time they will accept bitcoin as a payment tool. I'm sure this will happen someday, because as far as I know the issue of legality is not a big problem at the moment, because has there are many countries that legalize bitcoin.
it can be applied to countries that have legalized bitcoin as a means of payment, but for countries that have not legalized it, they will certainly face the law. with small businesses using blockchain, of course, it will help promote blockchain for the wider community
From those who still yet accept this system, certain grounds coming from government laws will penalized them, we knew that in anyhow
business needs to be permitted to imply taxes, with government does not recognized this currency it will be hard for small business to
grow, it's need to have more exposures and government additional grounds to provide certain ruling for this type of business around their
jurisdictions.

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February 12, 2019, 02:56:03 AM
 #542

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?
where do we live? if in developed countries opening crypto sales stores will not be a problem, but if in a country that does not recognize bitcoin as a currency, this can be a serious problem, it is also difficult if we are in an area with poor internet connections or even no internet service . so many business people want to join but there are many obstacles that still cannot be overcome.
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February 12, 2019, 10:58:43 PM
 #543

I do not think that small business that are profit oriented would want to sell goods and services for Cryptocurrency.
The reason for this is not far fetched.
The volatility nature of Cryptocurrency is a stumbling block to that .
But it would be a good development if small businesses starts accepting it.

Small bussiness must be afraid when they looking on price fluctuation. Crypto price very fluctuating and for small bussiness, its need good calculation facing this fluctuation. Beside that, small bussiness must comply with government regulation and most government still not regulating crytpocurrency
The price fluctuation should not be a problem for many coins business, there are services that convert to fiat any payment they receive in cryptocurrencies immediately so they are only going to lose the fees that service costs them which is not a lot of money, but one real issue are the regulations and the laws of the country in which the business is located since there are some countries that are completely against cryptocurrencies in which it will be impossible for such a business to accept payment in cryptocurrencies.

However the main problem for small business is that people are not really using cryptocurrencies to buy anything since the most common use for cryptocurrencies is speculation.

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February 13, 2019, 12:41:33 AM
 #544

maybe everyone does that, if trading with a small business in Crypto will make more money and make payments easily but when the market falls like now I'm not sure they will get a lot of profits

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February 13, 2019, 01:50:31 AM
 #545

there are several altcoins that can be used as payment, I hope that in the future this market will be much bigger
moynul2050
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February 13, 2019, 10:48:28 AM
 #546

doing small business by making bitcoin as a means of transaction actually has a huge risk, especially for businesses with small capital. because the price volatility of bitcoin is so high that it will affect the selling price of a product.
especially if their country does not legalize bitcoin. then it will be a crime if they keep doing it.
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February 13, 2019, 11:01:09 AM
 #547

there are several altcoins that can be used as payment, I hope that in the future this market will be much bigger
I see several altcoins that have been implemented well as payment, but most are still moving through vouchers which still have to be converted with fiat given the absence of regulations that allow official companies to be affiliated with crypto as economic responsibility. But this success is quite important for current developments.
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February 13, 2019, 02:12:16 PM
 #548

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
perhaps the main obstacle and problem in investing with crypto currencies as a means of payment or transaction is the legality issue of the government if the crypto currency becomes a currency that can be used in transactions that may be able to buy and sell

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February 13, 2019, 02:54:36 PM
 #549

small business will not go crypto payment route as they have to look for profit as they will not be ready to gamble with crypto and i dont think everything should be associated with crypto ya in future the system will use blockchain tech to record data and respective token will enhance security but we might see crypto adoption by startup or small business which belong to IT field because they will have knowledge of crypto while for general business it is bit to early for them to understand how it works.
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February 13, 2019, 03:43:09 PM
 #550

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?

Of course, the lucrativeness of the crypto business would drive people to shift into it. Businessmen will always be businessmen, and wherever and whatever they find profitable, there they will go and that they will sell. If they see that the crypto business is of huge potential, which is not impossible as we all know it it's the next big thing, they will all start doing its business. Before, we only sell merchandise physically, then online businesses sprouted and bloomed. Next, of course, is the online payment with which we can settle these transactions. It's evident at present in the gradual turn of prominent companies to crypto all over the world.
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April 08, 2019, 06:13:51 PM
 #551

Without government support on regulation, merchant must be afraid to accept crypto for payment. This will happen in near future and government will regulate cryptocurrency as currency
Even if there is no regulation regarding the crypto market the merchants can accept those payments, it all depends upon how much knowledge they have about the new market and nothing else, hopefully we will see merchants in tourist destinations that accepts it, so that we do not need to covert to local currency  when ever you need to purchase something.

small business will not go crypto payment route as they have to look for profit as they will not be ready to gamble with crypto and i dont think everything should be associated with crypto.
Hope you are not aware that the merchants can immediately convert the coins that they accumulated to fiat currency instantly and there is no risk involved too, get the payment in what ever currency in bitcoin and use a processor that will convert your bitcoin to fiat.
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April 08, 2019, 06:21:16 PM
 #552

Maybe not so much as crypto users will want to be. Here on my country only one shops accept bitcoin as payments, and is a shop for computer only, and is one more site where i can recharge my phone with bitcoin, but i wish more shops to accept it.
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April 08, 2019, 06:28:14 PM
 #553

Very few can sell their products for cryptocurrency, probably countries like China, America, maybe Netherlands that are well developed and has good knowledge of cryptocurrency and are highly technologically advanced can try that.
Don't even expect any of such in my country in the next 3 years.
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April 08, 2019, 09:14:06 PM
 #554

I think in the first place everything depends on the country in which the small business is located and the tax and legal norms that prevail there. Now the cryptocurrency is extremely beneficial for those who have its status in the country is clearly uncertain, as well as high taxes.

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April 08, 2019, 10:48:00 PM
 #555

Among what will bring people into utilizing cryptocurrency for their business is the price of bitcoin. Most people are scared of what the market had become over the past few months but with the current price of bitcoin and if it can increase very well I believe more small scale business entrepreneurs will be encouraged to utilize it. But in most countries governmental body is hindering them back

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April 08, 2019, 11:26:20 PM
 #556

Maybe not so much as crypto users will want to be. Here on my country only one shops accept bitcoin as payments, and is a shop for computer only, and is one more site where i can recharge my phone with bitcoin, but i wish more shops to accept it.
Maybe you aren't aware about the different stores accepting bitcoin, because I too had a same thought about the acceptance level of bitcoin in my country. I haven't seen more shops and services accepting bitcoin as Payments. Here it is in neutral support from government, that means everything on users own risk. More number of shops have been accepting bitcoin, but those weren't much known to the people. Maybe if legal support is provided from government we might experience the change.
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April 09, 2019, 02:00:20 AM
 #557

I think in the first place everything depends on the country in which the small business is located and the tax and legal norms that prevail there. Now the cryptocurrency is extremely beneficial for those who have its status in the country is clearly uncertain, as well as high taxes.
with good legalization, of course all can be regulated and must be guided by the law. like in my country, where the cryptocurrency has not been legalized for transactions, of course there is no small business that sells it. but if it is legalized, of course there will be many transactions, according to the needs of each

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April 09, 2019, 03:02:35 AM
 #558

If you don't want to innovate, you can be sure to be left behind, bitcoin is already popular and widely used for direct or online transactions, the presence of bitcoin certainly helps the business small to go international.

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April 09, 2019, 01:49:17 PM
 #559

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 we talk about an online business then for sure crypto represents an solution.
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April 10, 2019, 06:53:08 PM
 #560

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 we talk about an online business then for sure crypto represents an solution.
Trust me there is high scope for online business because people knows there is good profit in it, other business are in doubt about profit but crypto online payment ahs no risk of lose but certainty about profit. If a person running a small business and the other is working with online crypto currency between them surely the crypto holder will win and will make more profit, so crypto currency has huge profit for all investors.
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