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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
GreatBug
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May 04, 2018, 05:45:38 PM
 #41

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 that everyone who had ever got touch with crypto know how much possibilities there are on crypto market and starting a buisness here with next great plan could be perfect shot for perfect future.
Kate Beckett
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May 04, 2018, 05:48:50 PM
 #42

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.

Like any fundamental innovation, crypto-currencies both expand the list of opportunities, and represent a risk, the scale of which can be fatal for small businesses. However, it seems to me that synergy is unavoidable, since crypto-currencies have a number of advantages for small businesses, such as low commissions, speed of payments, lack of intermediaries, security.
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May 04, 2018, 05:55:44 PM
 #43

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?

On the one hand, small businesses might be more likely to experiment with crypto in an effort to differentiate themselves or bring in more customers by appealing to a niche market. It certainly gets them a lot of attention in this circle when they put up signs saying "Bitcoin Accepted Here" because people widely share photos of that on places like Reddit. On the other hand, small businesses are likely to have less leeway when it comes to financial resources and would not be able to weather large fluctuations in the price like a larger company could that is experimenting with accepting crypto. If the businesses is instantly accepting and converting crypto to USD, then it's much less of a problem, and likely this is the only way they can manage it.

frowsiter
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May 04, 2018, 06:10:06 PM
 #44

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 less people who are willing to sell their goods and service for crypto currencies. I mean most of the people here are to earn money or either they are here to trade and invest their real life assets. Many people do ask about the online stores who use crypto as payment system but to be honest such number is really less. Unless and until people dont think out of the box they wont be making any progress in here.
So to answer your question, unfortunately we have rare number of people willing have that kind of system and lot of people to gain profits thats all.
Edraket31
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May 04, 2018, 06:59:09 PM
 #45

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 less people who are willing to sell their goods and service for crypto currencies. I mean most of the people here are to earn money or either they are here to trade and invest their real life assets. Many people do ask about the online stores who use crypto as payment system but to be honest such number is really less. Unless and until people dont think out of the box they wont be making any progress in here.
So to answer your question, unfortunately we have rare number of people willing have that kind of system and lot of people to gain profits thats all.
Although, we are  all aiming to have a good profit here and that we are willing to take risk but still I don't think that there are some people who will do it, very few to sacrifice their small business for it.

chaoscoinz
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May 04, 2018, 07:53:24 PM
 #46

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 that only the small time merchants who are generally accepting of modern technological innovation are the ones who will integrate crypto into their systems first, usually as a payment medium, before using it for anything else. It is still a platform that is within its infancy, most are accepting to tech when it benefits the greater good, but if it's not government backed, many will not see a use for its especially if it's not an insured method payment.

Indrawan77
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May 05, 2018, 12:22:13 AM
 #47

It depends on the business they build, if the store doesn't need a fast confirmation like online shop then it's okay, we already can find a lot of people opening shop and accepting bitcoin, but I think accepting bitcoin for small business is a bit too risky, the bitcoin price swing is kind of often and huge, it makes them can't predict the profit, and for now there are nothing can solved this problem
malbano2099
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May 05, 2018, 02:00:56 AM
 #48

building small people by the use of crypto it takes just only 40%. As all we know, some crypto are banned in otger countries, so there are many consequences when you start building crypto business
 And also, bitcoin is unstable what if it is in low price, what would be your business' future? Nobody knows about future. So for me, i might say, it is better to use physical momey for a business.
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May 05, 2018, 05:07:13 AM
 #49

I believe there are already a lot of APIs for e-commerce to accept Bitcoin as a payments system. The adoption and a way to convert it directly to fiat are available. I'm sure the problem is many people lack of awareness and understanding about cryptocurrencies could be the reason why the adoption is slow.
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May 05, 2018, 05:15:20 AM
 #50

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?
Actually most of the people don't want to spend their cryotocurrency because they consider it as an asset and use them for the speculative nature but in future the condition will change so people need to start encourage cryotocurrency payments to make sure that cryotocurrency have a good future.
I will spend my crypto if I ha e opportunity to spend my bitcoin to buy something.
Happydd
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May 05, 2018, 05:31:01 AM
 #51

The electronic money market is very popular everywhere. Some corporations have accepted bitcoin payments because of its convenience and speed. In particular, it is profitable, so many businesses start pursuing this currency. This is a new step for this currency.
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May 05, 2018, 06:12:04 AM
 #52

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.
For me,it doesn't matter because it's all up to you on how to handle your business to be more profitable especially when you have a strategy on how to catch the attention of the customers to buy your goods and services.In fact,some people are just started at small business but they earned big because of the motivations of being a successful business carrier.
ayiaye
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May 05, 2018, 06:26:24 AM
 #53

if a small business, I think that's not enough, because we know the price of cryptocurrency is always higher, it requires a large enough capital, in order to obtain big profits as well. preferably, if you have a small business, better tekuni and tube the results of your business, to have a large enough capital, so you can invest in bitcoin. and continue to run your small business.
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May 05, 2018, 06:37:50 AM
 #54

I thinks bitcoin need to be stable before businesses can really adopt it and we all need to  work to see this is really.  Companies are going to lose money if price are not stable because many of us are treating bitcoin as stocks and commodities and that make bitcoin to be volatile.
nara1892
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May 05, 2018, 09:51:22 AM
 #55

everyone can sell their products via cryptocurrency, that's a good thing, as well as to introduce cryptocurrency to the community, but in our country it's forbidden.

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timerland
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May 05, 2018, 10:46:49 AM
 #56

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?

Look, right now there is just not enough buyers with crypto. As a business, if you were to start accepting bitcoin or crypto in general as a form of payment, you would obviously want to reap some sort of reward. And if there is an increase in the amount of people using crypto, then obviously there is an incentive for businesses to start accepting bitcoin since they would have more potential customers. As adoption rates go up year by year, there will become less and less of a problem and more and more of an incentive for new businesses to start accepting BTC.

Another factor is that right now, there just isn't enough merchants that are actually educated on the subject of cryptocurrencies, and they don't know why it's actually useful. Most only see it as a fad that will go away, which we know is false.

That can't be changed by anything other than time, and more adopters. If adoption rates rise drastically in the coming years, which I think it will, then merchants will be essentially forced to accept BTC, for their own benefit.

Smiley
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May 06, 2018, 03:33:50 PM
 #57

if a small business, I think that's not enough, because we know the price of cryptocurrency is always higher, it requires a large enough capital, in order to obtain big profits as well. preferably, if you have a small business, better tekuni and tube the results of your business, to have a large enough capital, so you can invest in bitcoin. and continue to run your small business.
I would also suggest him to enlarge his business instead of selling it out and start buying crypto currencies form the revenue generated. It would be better to have something than nothing at all.  Moreover, he should go for altcoin at first and buy a little amount of a volatile altcoin too and try to trade in it.Once the basics of crypto trading are built, he should give a bitcoin trading a try at least.
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May 06, 2018, 03:50:31 PM
 #58

The reason is caused by the person who wants to expand the services or goods he has then with the cryptocurrencies and he can as well the investment in a long period of time,the best reason when people use crypto is with the popularity of good value.

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May 06, 2018, 04:33:00 PM
 #59

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?
most people will get excited when they see the success of others, and we know right now, many have opened businesses like that. it is a very good business to try. if I have the ability in that, I might actually do it.
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May 07, 2018, 05:50:43 AM
 #60

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 bitcoin price fluctuates and the people doing business on the crypto certainly expect more profit than usual. only if less people in the research could lose by fluctuating prices. at this time already many people sell goods with payment method using crypto. transactions will be easier to do only with buyers and sellers.

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