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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
Mometaskers
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October 18, 2019, 06:52:48 PM
 #681

The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
No there is no problem in using crypto it’s really a reliable way to pay for goods and to sell for anything but in case of high amount exchange yeah people will have to look at the market volatility and also they will have to follow the rules after that in crypto there is no issue so many people use it for business and sell/buy  bitcoins.

I'm simply stating that it can get complicated and not all small businesses can handle it. Say you asked for BTC0.025 today, if the exchange rate drops tomorrow, then you have a problem. Of course if you are pricing in fiat then it's not that big of a problem but you'd still need to have reserve cash for those times when it's just not practical to en-cash the payments you've received.

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October 18, 2019, 07:10:24 PM
 #682

The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
No there is no problem in using crypto it’s really a reliable way to pay for goods and to sell for anything but in case of high amount exchange yeah people will have to look at the market volatility and also they will have to follow the rules after that in crypto there is no issue so many people use it for business and sell/buy  bitcoins.

I'm simply stating that it can get complicated and not all small businesses can handle it. Say you asked for BTC0.025 today, if the exchange rate drops tomorrow, then you have a problem. Of course if you are pricing in fiat then it's not that big of a problem but you'd still need to have reserve cash for those times when it's just not practical to en-cash the payments you've received.



In my opinion if a person want to sell his business on crypto say bitcoin then i think he must be an experienced crypto user and he must thought about price fluctuation and may be he has already predicted the price that's why he is ready to sell his business on bitcoin, but i think if he is feeling any kind of risk then better he should convert it to fiat.
Well if i had to face such situation i will never refuse to get bitcoin in exchange of business because i think crypto always brings profit may not immediately but definitely.

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October 19, 2019, 04:16:44 PM
 #683

I'm simply stating that it can get complicated and not all small businesses can handle it. Say you asked for BTC0.025 today, if the exchange rate drops tomorrow, then you have a problem. Of course if you are pricing in fiat then it's not that big of a problem but you'd still need to have reserve cash for those times when it's just not practical to en-cash the payments you've received.

In my opinion if a person want to sell his business on crypto say bitcoin then i think he must be an experienced crypto user and he must thought about price fluctuation and may be he has already predicted the price that's why he is ready to sell his business on bitcoin, but i think if he is feeling any kind of risk then better he should convert it to fiat.
Well if i had to face such situation i will never refuse to get bitcoin in exchange of business because i think crypto always brings profit may not immediately but definitely.

Hmmm... or maybe collecting bitcoins can be the main goal of the business?  Grin Find a product/service that is cheap enough to sell en masse. Allow bitcoin payments, keep the bitcoins and just try to operate solely on the fiat earnings. Imagine if you've already been accepting payments in BTC 10 years ago.

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October 20, 2019, 06:22:11 AM
 #684

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 don't think so that there will be so much person that are ready ro sell their goods and some services to crypto because as long as their country government is not legalize the crypto then many people will not trust crypto and the people that only trust crypto with their Business is the one who fully understand crypto is. The best that can motivate the people to start a crypto business is when the country government legalized crypto.
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October 20, 2019, 07:10:31 AM
 #685

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?
Many would like to introduce cryptocurrency payment in their stores, but there are only a number of obstacles. 1) Their high volatility, but it is solvable. 2) Actions of state regulators, it is much more serious. 3) Few people use cryptocurrencies, and seller need to pay for acquiring. It is not known whether this option will pay for itself or it is better to wait for better times.

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October 20, 2019, 08:33:42 AM
 #686

This situation has not come yet according to the present perspective, there are many factors affecting this system if we want to see small or large business sector adopting cryptocurrency, At first, the main thing is the legal status, if your country doesn't allow crypto as a legal payment system then it's not possible to run this platform, another thing is that the people's awareness of cryptocurrency, if your community is not well known to cryptocurrency then it's also very tough to run a business to sell for cryptocurrency, so I think this situation is still not favorite for running a small business for cryptocurrency payment, but the time is not so far when we will avail the cryptocurrency payment system.

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October 20, 2019, 09:11:57 AM
 #687

to persuade people to use cryptocurrency as a business, I don't think it will be as easy as you imagine because not many people understand what cryptocurrency is and how to use it, and not everyone has a computer background so they will be lazy to learn cryptocurrency wallets, learn where to exchange cryptocurrency even learn account security using 2 stages, because they will think small businesses are easier to use local money than using cryptocurrency.
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October 20, 2019, 10:23:13 AM
 #688

The volatility of  cryptocurrency  might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods,  perhaps if usdt is being considered they might,  because a small business might not be able to bear so much loss during bear season
Actually, it can still develop because even small businesses will certainly when paying even though using bitcoin also the estimation should be paid using USD or maybe their country's currency and it can also be converted directly when payment takes place

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October 20, 2019, 05:45:49 PM
 #689

if the majority of the population is familiar with crypto, I think people who have small businesses will immediately use cryptocurrency as a means of payment for their businesses. the reason to use crypto is because it can simplify the payment system, and with crypto will be more efficient compared to fiat currencies. with crypto in my opinion will benefit someone who owns the business and also to consumers.

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October 20, 2019, 07:28:17 PM
 #690

These days we a lot of businesses  accept cryptos as one of the payment options. Most of them are the small businesses , there has been a lot of speculations about big players starting to accept crypto as well. But it seems that big players has no reason to do so , it was logical to consider such things when prices kept going up.

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November 13, 2019, 09:03:45 PM
 #691

In my mind, small businesses will not be problematic to accept cryptocurrencies, but the main reason that there doesn't that is a restriction from the government side. The government can't control the flow of crypto money, so they can't know all the information about you and your money. Is this make sense for them? Definitely not. For instance, with bank transactions, government can get any transaction and follow where are from this money. The good advantage for government system to collaborate only with banks.

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November 14, 2019, 01:15:49 AM
 #692

Bigger business come from with small business, so why you scare for starting your small business with cryptocurrency. Many people have been success start with very small business, they faced with many time bad moment and keep fighting until how their business have been success. Maybe talk more is not important without action by your self with small business to start in cryptocurrency.

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November 14, 2019, 03:49:11 AM
 #693

The main thing and reason in this case is about the legality of crypto in the country itself, if the country has legalized crypto as a tool for payments and other transactions, then I'm sure there will be many who adopt crypto as a legal payment tool, because with continued growth crypto thus accepting crypto for a business and other ventures is very likely that crypto is a major focus for developers.

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November 14, 2019, 05:07:04 AM
 #694

The main thing and reason in this case is about the legality of crypto in the country itself, if the country has legalized crypto as a tool for payments and other transactions, then I'm sure there will be many who adopt crypto as a legal payment tool, because with continued growth crypto thus accepting crypto for a business and other ventures is very likely that crypto is a major focus for developers.
There is no need to wait until your country legalizes cryptocurrency it only prevents you from trying to use that currency. After all, we use crypto for a business, not for criminal purposes.

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November 14, 2019, 05:32:46 PM
 #695

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?
Businesses, e-commerce, and major tech companies are already launching and some are already in it, accepting bitcoin and other alternative cryptocurrencies as their payment option. prefers to use digital currency as payment for goods and services and capitalizing for  the growing market demographics of the latter and it was said by the latest statistics of University of cambridge that small businessesnare the fastest adopters of cryptocurrency payment methods. What have convinced them using digital currency is the notorious volatility of coins such as ETH and BTC that increases up to 20% per day and the decentralized nature of cryptocurrency will offer a spectrum of advantages that would benefit small businesses.
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November 14, 2019, 11:15:41 PM
 #696

In fact already many people sell goods and services with cryptocurrencies such as the platform Bazista created a platform for Exchange B2C and C2C which uses new technologies for the settlement of accounts between users. Their services allow users to easily exchange the goods and services necessary for the cryptocurrency by interacting with other platform users.

Source

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November 15, 2019, 09:14:40 AM
 #697

In fact already many people sell goods and services with cryptocurrencies such as the platform Bazista created a platform for Exchange B2C and C2C which uses new technologies for the settlement of accounts between users. Their services allow users to easily exchange the goods and services necessary for the cryptocurrency by interacting with other platform users.

Source
Indeed, many people are already starting selling their goods in terms of cryptocurrency, but do the small businesses really can start with distributing and selling goods through cryptocurrency? Are they ready with this? For me yes they are ready, it is just they have enough funds and enough knowledge about cryptocurrency they can start even a small business, remember that all big business right now are starting from small business so there is no impossible that the small business can do that also. Exchangers can help those people who want to start a business to provide faster and easier transaction for cryptocurrency in order to buy and sell their goods. So it doesn't matter how big or small a business is as long as they know how to use exchangers to provide more suitable transactions on the business that they are planning for.



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November 15, 2019, 09:22:03 AM
 #698

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 me if I have an capital to make an business and sell for crypto users my inspirations is if people is starting to know crypto. because a lot will have improvement and cryptocurrency are the one that follow this technology improving. with this a lot of people will have an interest to use crypto. with fast and safe transactions everyone will don't hesitate to use it anywhere.

Watch out for this SPACE!
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November 16, 2019, 05:49:32 AM
 #699

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 me if I have an capital to make an business and sell for crypto users my inspirations is if people is starting to know crypto. because a lot will have improvement and cryptocurrency are the one that follow this technology improving. with this a lot of people will have an interest to use crypto. with fast and safe transactions everyone will don't hesitate to use it anywhere.

There are a lot of wallet that you can buy crypto and the only need if you want to have business is to create wallet that you can introduce to someone else or being popular.



.
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[15.00000000 BTC]


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November 16, 2019, 08:06:07 AM
 #700

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 me if I have an capital to make an business and sell for crypto users my inspirations is if people is starting to know crypto. because a lot will have improvement and cryptocurrency are the one that follow this technology improving. with this a lot of people will have an interest to use crypto. with fast and safe transactions everyone will don't hesitate to use it anywhere.

There are a lot of wallet that you can buy crypto and the only need if you want to have business is to create wallet that you can introduce to someone else or being popular.
Not good ideas to adopt bitcoin, we can start business with crypto by opening store and accepted bitcoin as legal currency payment. Many people looking new payment currency and they will learn with bitcoin as payment way, step by step they understand with bitcoin as transaction payment and make bitcoin become popular in your envirement.
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