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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
judyrob
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May 07, 2018, 07:00:59 AM
 #61

the most basic reason that must be owned to be motivated is that crypto has a future at great prices. Crypto is increasingly supported by a very advanced technology. Surely this would make crypto growing and have selling points higher.
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May 07, 2018, 07:52:35 AM
 #62

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 one to be ready to trade with crypto, one needs huge funds to support the process, small business i think cannot support it because of less funds, that is why big companies are the ones who are ready to adapt crypto payments, because of volatility of cryptos high cost of transactions fees, lack of funds are the main hindrance for small time business to penetrate in the crypto payments methods.

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May 07, 2018, 10:46:19 AM
 #63

a small business usually consists of only a few people or even just one person with some employees, if the business is not profitable then people no one will start the business, I think doing business with cryptocurrency is very profitable, even many people become super rich by doing business cryptocurrency , if I understand algorithms and programming languages, I will do business cryptocurrency right now
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May 07, 2018, 11:11:55 AM
 #64

It's depend population of people who know crypto in their country. And it's depend regulation of your goverment, banned crypto or not? Build a businness need more experience, full support from you, and other people, environment and goverment. But, i hope, in the future, many e-commerce or offline store accept crypto as payment, but still fiat for main payment in their country.

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May 07, 2018, 11:16:07 AM
 #65

Look at the sub sections of this forum, especially in the marketplace and goods/digital goods. These all qualify as small businesses. People selling small products, yes, it is a completely niche market with only small quantities produced and a small customer base, but they only accept payments in Bitcoin, and have been doing so for many years. Small businesses are ready, but only if they are ready to transition from old to new. If profit model will always be in fiat, then of course there cannot be true transition.

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May 07, 2018, 02:56:10 PM
 #66

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?
Implementing and consolidating cryptocurrencies with small-time business might sound good on paper since we all know right now that cryptocurrencies are a big thing to the people but I don't think it would go well in the real-world scenario because pretty much all that cryptocurrencies are better at right now is to become a very good type of investment for people to use in exchange for established investment methods in the market that cryptocurrency investment could equal to or even surpass in terms of profitability.

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May 07, 2018, 03:07:46 PM
 #67

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?
Implementing and consolidating cryptocurrencies with small-time business might sound good on paper since we all know right now that cryptocurrencies are a big thing to the people but I don't think it would go well in the real-world scenario because pretty much all that cryptocurrencies are better at right now is to become a very good type of investment for people to use in exchange for established investment methods in the market that cryptocurrency investment could equal to or even surpass in terms of profitability.
Yes i agree, and besides more people would actually prefer to use their paper money instead of using their bitcoins or crypto as means of payment. Aside from that the population of those people who has bitcoin and has knowledge about it are less compared to those who are still using fiats for day to day transactions.

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May 07, 2018, 03:11:36 PM
 #68

Yes and no.
Yes because I saw a lot of examples when small business been invested hardly when investors been told it's going to cooperate with cryptocurrency and blockchain. Some of the small business that tied up with crypto aren't even self-sufficient but still staying alive.
And no because it's so much scam that days so being tied up with crypto may hurt the reputation of the young company.
By the way its damn easy launching your own ICO now with help of MyWish project that allow you to manage an ICO without any programming skills. Why don't you look, it's just an info, however may be useful for you or your friends. Here is a link on their official site.
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May 07, 2018, 03:25:25 PM
 #69

Most of the stores who accept bitcoin at the moment do it for the gimmick, as there bitcoin's users community is not large enough to actually make bitcoin based business.
So at the moment the bitcoin accept stores do it for the gimmick or they are selling bitcoin related stuffs or offering bitcoin related services so they aim at bitcoin users community.


Right its harder for small business to adapt cryptocurrency,sthough it depends on what country regulations in your region since governments will sure will interfere about this..so far only  big companies can afford to use bitcoin as tools for business.

It's depend population of people who know crypto in their country. And it's depend regulation of your goverment, banned crypto or not? Build a businness need more experience, full support from you, and other people, environment and goverment. But, i hope, in the future, many e-commerce or offline store accept crypto as payment, but still fiat for main payment in their country.
Yeah right,its on how many is the target market since only few in every country really knows bitcoin or can afford buying using their cryptocoins
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May 07, 2018, 04:06:27 PM
 #70

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 to start a business related to cryptocurrencies is the same reason all people create a business in the first place, they want profits, you can obtain profits with cryptocurrencies the problem is that right now the level of adoption is very low and that means that the customer base that you are targeting is very small compared to the customer base of fiat, but once cryptocurrencies become more adopted around the world you will see more and more businesses in different industries to begin to sell their goods and services for cryptocurrencies.
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May 07, 2018, 04:23:17 PM
 #71

small business is ready more than big business)) just a bit higher price for cryptofans and no problems! plus black book for such transactions and less taxes - brilliant!
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May 07, 2018, 10:57:32 PM
 #72

As of the moment, small businesses may not agree or implement using bitcoin as payment as we still have actual money and it is still being mostly used than btc. Small business would also need actual money in order to buy new merchandize.

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May 08, 2018, 12:23:58 AM
 #73

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?
In this moment maybe its hard for small businesses to stabilize in this market since the support is very rate to mention,as we know that theres not enough market for them,not like to those big businesses that can support their operation because they can easily advertise and gain followers and customers in just a time.
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May 08, 2018, 12:29:08 AM
 #74

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, there are certain reasons that are withholding small businesses to sell their goods and services in exchange of crypto. One is that many of these businesses are not yet fully aware of the advantages and of how crypto works. Second, if these businesses are duly registered, they might find it hard to reconcile crypto payments with the existing laws in their countries especially if crypto is not that widely accepted yet.
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May 08, 2018, 12:44:58 AM
 #75

I think people will be ready to use cryptocurrency once the government totally support it. Meaning, it is more stable and secured if it is regulated in a way. With the increase of P2P platform and using cryptocurrency, more and more services will be transacted using coins and this will affect as well merchandise items.
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May 08, 2018, 02:12:18 AM
 #76

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?

It is a lucrative business because crypto enthusiast are growing in number day by day but the problem would be the accounting of it. Due to the instability of the price, there is a risk that instead of a profit, you would end up at a loss. It would be preferable if you are buying the items with crypto so that you can sell it with crypto as well and you can account properly since they have the same coins but if you bought it with fiat and then sold it using crypto then there is a tendency for you to lose if its fiat value went down. Otherwise, I would use a platform that would just immediately convert the payments to fiat just like what the other companies are doing who are accepting cryptocurrencies nowadays.

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May 08, 2018, 02:16:47 AM
 #77

I just thought it would be difficult to fix the price of the goods to be sold or the services offered because the price of crypto sellau changed. eg today btc price $ 7000, whereas tomorrow may change, down to $ 6000 or rise to $ 8000. it will be difficult to ensure the right price.

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May 08, 2018, 02:24:38 AM
 #78

if I had a valuable small business to be sold, I would have sold or bought using cryptos
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May 08, 2018, 04:47:13 AM
 #79

I agree that crypto market is too weak. But now there are a lot of people who have bitcoins and are interested in cryptocurrency news. I think many people can buy stuff for crypto.
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May 08, 2018, 06:31:21 AM
 #80

Well, if the owner of the small business is contented on its salary with that business then there is no reason for him to sell that, but if the buyer will buy it 5 times higher than the investor investment then it has possibility, but for me I don't sell my small business for cryptocurrency because it can never assure that you can get and income when you start to work with it.

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