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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4986 times)
biboy
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May 15, 2018, 05:03:56 PM
 #181

For now it is very difficult for small businesses ready to sell for crypto. Because now very few people do buy / sell transactions with crypto and many governments have not authorized a crypto for a legitimate payment method. I think it's a factor that makes small businesses rethink to sell for crypto. It does take time and habituation to run smoothly. Moreover, digital payments are being developed so that this will be an opportunity in the future. I do not think it's necessary to motivate people to start a crypto business because I'm sure someday they will need it and be able to adjust.

I agree. Even if people are willing to sell their goods using crypto currency, the state will not allow them to use this method of payment. We need to wait until the crypto currency becomes more popular.
Some states are allowing it just like here in our country, and we have some small businesses who are already accepting bitcoin as a way of payment so for sure it is not possible in some other countries as well who are free to do bitcoin in their nation.
Cryptoproff
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May 15, 2018, 05:33:51 PM
 #182

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.
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May 15, 2018, 08:14:08 PM
 #183

I concur. Regardless of whether individuals will offer their products utilizing cryptographic money, the state wont enable them to utilize this strategy for installment. We have to hold up until the cryptographic money turns out to be more mainstream.
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May 15, 2018, 08:38:04 PM
 #184

My friend has a business - he builds smart homes. And at the request of the owners puts mining farm in the basement. Smart home consumes a lot of electricity and mining farm pays for part of these costs. Cryptocurrencies are becoming a part of our lives.
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May 15, 2018, 09:48:12 PM
 #185

most of the business don't have truth in crypto currency yet but i believe with time we will be using it to trade
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May 16, 2018, 05:47:24 AM
 #186

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.
But if you apply BTC to pay for small business, it will be difficult to hire BTC management staff, to pay for BTC transaction staff and to invest in a complete and convenient system for payment. I think it's pretty costly for a small business compared to cash payments
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May 16, 2018, 05:56:36 AM
 #187

many things that make people motivated to build a business that receives crypto, and even I have known some people who do that. I also want to make some businesses that accept crypro, it's just that there are state regulations that do not allow it.
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May 16, 2018, 06:03:04 AM
 #188

I don't think small businesses are ready to start encryption. I've never seen a street vendor accept bitcoin.

If there is strong government support, the simplest way is to do it.
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May 16, 2018, 06:05:47 AM
 #189

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 central bank here in my country has allowed some merchants to use bitcoin as a payment like the remittance business but there are still no verified reports that some small online businesses are already using the cryptocurrency as one of their form of payment. The government is still drafting some guideline or regulation for the proper use of any virtual coins by any business entities. Some problems that should be address is the rapid fluctuation of bitcoin price and the security issues of storing a bitcoin.
The crypto business is not a small business. Entry to the business needs a sharp mind and consistency in dealing and trading. Even you start with small funds, you can grow hulk provided your investment is long term. Besides, you can also invest the money you earn from your small business in the crypto business. Investing in Bitcoin is a good business and people have made huge profits as well.
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May 16, 2018, 06:10:18 AM
 #190

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.

Along with the decline of the bitcoin market, I somehow thought the same. It would ruin their business if they're solely accept bitcoin as a mode of payment especially if they are lacking in terms of funds. It would be more feasible for a business to accept crypto's when it's currently experiencing a huge pump.

BartS
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May 16, 2018, 04:05:12 PM
 #191

I think yes, why not. But we need more stable and regulated crypto economy operating already to perform that, otherwise no.
I think we do not really need a more stable and regulated market in order for small business to use bitcoin or any other cryptocurrency, many businesses were accepting bitcoin when it was very volatile because of the cheap fees, and businesses began to drop bitcoin when the fees got very high, what we need are cheap fees, segwit alleviated the problem somehow but if we want a permanent solution that will make bitcoin accepted all over the world then the lightning network will have to work because if it does the fees are going to be incredibly cheap and business all over the world will finally accept bitcoin permanently.
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May 16, 2018, 04:19:47 PM
 #192

Well for now it might be so hard to establish a small business and make bitcoin as payments. The reason is that it would be too costly to adapt the system. Remember small business earn only a small fraction of percentage compared to larger businesses thus it would be hard on their part to increase the amount to get a good gain.

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May 18, 2018, 06:14:16 AM
 #193

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 am not sure, I think the small business not ready to sell for 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. It is my opinion.

There are two ways to enter into the crypto world and for that you have to use less money in one place and huge money in another place. The place where you use less money is the trading and the place where you use huge money is the long term investment but the outcome in long term investments is very huge that make you a millionaire within few investments in the market.
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May 18, 2018, 08:37:06 AM
 #194

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?

No, I think , small business is not ready to sell for crypto currency. because it needs alot of money, so I am not sure.
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May 18, 2018, 09:50:49 AM
 #195

For now realizing the use of bitcoin for small business is a bit far from reality. The reason is selling things in this manner requires internet connection which is a burden to pay for small businesses. I think what is more approriate than doing this is to start it from the big investors down to the least. Given that they have good capital and returns they would certainly qualify for such idea and that loses are not so much to worry about.

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tbterryboy
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May 19, 2018, 10:40:51 AM
 #196

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?
No they are not ready. No small business can run with Bitcoin, what they need.is cash. By the way, do you really know what it means by small business? Small business is like a small shop where they sell vegetable or some ingredients or something or let me. Say a butcher. How can you be expecting them to be using Bitcoin? Using Bitcoin is a delay to you and you will just end up with losing lots of customers by the end of the day.
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May 19, 2018, 12:33:01 PM
 #197

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?

No, I think , small business is not ready to sell for crypto currency. because it needs alot of money, so I am not sure.

Why not? If the person running the small business is aware of what bitcoin is, i don't think there's going to be any problems. Why would you need a lot of money for that? I'm seeing more and more online sellers and actual stores accepting not only bitcoin but other alts as well

 
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vaughn125
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May 20, 2018, 11:16:46 PM
 #198

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?


Honestly, I really do think that a lot of people are already thinking about this which a good number of ICOs nowadays are taking advantage of this and making projects that represent concepts that help people make businesses with the use of cryptos or having the chance to sell their services or goods in this industry to accumulate more cryptos.
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May 23, 2018, 10:35:45 AM
 #199

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?
No they are not ready. No small business can run with Bitcoin, what they need.is cash. By the way, do you really know what it means by small business? Small business is like a small shop where they sell vegetable or some ingredients or something or let me. Say a butcher. How can you be expecting them to be using Bitcoin? Using Bitcoin is a delay to you and you will just end up with losing lots of customers by the end of the day.
If you have the perfect information about the market and if you think you will be able to earn as much as or more than what you earn in your shop, you better switch to the crypto business. This is something more than just investment. This enables you to go long beyond the borders without involving bank as intermediate party. Also the expected future return is very high if you hold it for long.
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May 23, 2018, 10:38:31 AM
 #200

It is. But is the country ready? To have taxes and payments in crypto? No, they arent, because you can earn crypto, but cannot spend Smiley
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