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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
vazarii
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June 07, 2018, 03:43:00 AM
 #241

If you are talking about offline business, they are not ready. Bitcoin payments has to be instant for this as no one will wait for confirmations.
BulbaLord
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June 07, 2018, 04:22:38 AM
 #242

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?



Wel for mel its not bad to sell if you can earn it triple double.  then try to build again. Thats is what you call bussiness plan. Or may be invest something new.  Investing any ICO to earn more profit.
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June 07, 2018, 06:50:37 AM
 #243

It is very difficult for small businesses to access bank loans because of their small size, so it is difficult for them to get loans for business operations, as if they were selling their own coin. Helping them have more capital to reproduce their business
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June 08, 2018, 07:01:18 AM
 #244

 as an owner of small business I would tell that I am not ready because there is no opportunities to trade for goods
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June 08, 2018, 07:06:57 AM
 #245

Little by little more offline stores too begun accepting bitcoin. Months back our government was neutral to the cryptocurrency usage and recently it came up with regulations looking upon the steep price increase. Till those days it is possible to see banners indicating bitcoin accepted. Hope to similar banners in the falling days when my government understand the real need for bitcoin in a country.

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Gabb
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June 10, 2018, 08:24:54 PM
 #246

I believe that there are several reasons that can discourage people's interest in getting involved in the field of cryptocurrencies. The most important of these is their ignorance about how advantageous it can be for them to accept cryptocurrencies in their business. But there are also a couple of factors of great relevance when accepting cryptos:

a) the crypto regulatory framework is not yet clear enough to encourage the use of cryptocurrencies without risk of fiscal sanctions.

b) the extreme volatility of cryptocurrencies could lead to the loss of significant amounts of capital from one day to the next.
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June 10, 2018, 08:35:52 PM
Last edit: June 12, 2018, 04:25:10 AM by olumyd
 #247

I believe that there are several reasons that can discourage people's interest in getting involved in the field of cryptocurrencies. The most important of these is their ignorance about how advantageous it can be for them to accept cryptocurrencies in their business. But there are also a couple of factors of great relevance when accepting cryptos:

a) the crypto regulatory framework is not yet clear enough to encourage the use of cryptocurrencies without risk of fiscal sanctions.

b) the extreme volatility of cryptocurrencies could lead to the loss of significant amounts of capital from one day to the next.

Even though things are a bit murky in the market right now, news show favourable inclinations towards mainstream adoption but will take time. Your highlighted points are of importance, however, with a disruptive technology like this, we can't expect an overnight revolution of day-to-day merchant activities or hope for a sudden regulatory oversight. It will take time before things will shape up.
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June 10, 2018, 08:49:47 PM
 #248

Yes small business ready to sell for cryptocurrency in terms of quality of the materials he need liked such as complete of requirements for technology transactions and advantages for there crypto needed.
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June 10, 2018, 09:12:49 PM
 #249

I don't think there is any problem for small businesses to accept cryptocurrency their payment methods. Bitcoin can fulfill all their requirements and 2 floor confirmations will ensure that their money will be secured from hackers. We will get a full encrypted system did not have to pay any one any fees does not have any limitations and how much they can earn.
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June 10, 2018, 09:50:40 PM
 #250

Ive seen some stores and services that take btc and eth. But thise people were mostly kinda young  and progressive, and I don’t believe that people all over the world are ready for that.

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June 11, 2018, 01:38:09 AM
 #251

I don't think there is any problem for small businesses to accept cryptocurrency their payment methods. Bitcoin can fulfill all their requirements and 2 floor confirmations will ensure that their money will be secured from hackers. We will get a full encrypted system did not have to pay any one any fees does not have any limitations and how much they can earn.
Well, Actually there is. Does these small businesses know something or anything about cryptos? Does the country where these businesses registered or where it locates, legally accept or acknowledge Bitcoin as form of payment?

It is indeed that have some safety features in security of payment but does it fit to the needs of the consumer? Especially if majority of consumers are less knowledgeable about these currencies. It's seems to be just like a simple problems but it could cost a major effect in the acceptance of Bitcoin.
FlightyPouch
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June 11, 2018, 01:58:10 AM
 #252

Do we really need to talk about selling crypto currencies with small businesses? Selling or Trading crypto currencies requires a large capital, it is not that if you have a good amount of crypto currency, doesn't mean that you can you still need a lot of investors to help you.

Also, I think it is not sell but to accept. Small Businesses don't really want to sell or maybe accept crypto currency the reason that if they will be accepting it, it might be a start.

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June 11, 2018, 02:03:11 AM
 #253

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've seen a lot of merchants who are already accepting various cryptocurrencies up until now. They are small business and most of them are online. The only reason that will encourage them is the possibility of the rise of the prices.
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June 11, 2018, 02:42:50 AM
 #254

as an owner of small business I would tell that I am not ready because there is no opportunities to trade for goods

It is because most or all of the good you are selling is paid with fiat and if you sell it for bitcoin or any other cryotocurrency then there is a chance that instead of having profits, you will end up at a loss because of fluctuating prices. If ever you decide to sell it for crypto then you need to convert it immediately to fiat so that you can have realized profit and be safe of the fluctuating price. Maybe someday when the price is stable and more merchants would offer to sell their goods for crypto then you can move forward and account your profits as crypto instead of fiat.

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June 11, 2018, 02:44:34 AM
 #255

If small businesses are willing to sell their goods in cryptanalysis, it is a condition for them to expand the market as they can have more customers and increase their revenue to customers who have accounts is cryptocurrency
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June 12, 2018, 04:27:03 AM
 #256

For small businesses to take on crypto will be a huge milestone for crypto economy. We all know that even the global economy is highly dependent on small business around the world. So if they can use cryptocurrencies, then we may have scaled to a new height in adoption.
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June 12, 2018, 04:43:56 AM
 #257

Big businesses yes, small business i do not think so. Selling through cryptocurrency has many flows, and if your only running a small business you'll have a hard time.
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June 12, 2018, 04:50:39 AM
 #258

Not enough vendors yet, especially smaller ones are educated enough to accept crypto currencies or Bitcoin. We need to get more easier ways for small vendors to accept and exchange Bitcoin and other altcoins. PUNDI X is trying to accomplish just that but it will take a year or two before their  roll out plans are mass implemented but when this comes out, then it will be easier for smaller vendors to take on crypto currencies.


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June 12, 2018, 05:03:46 AM
 #259

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 few numbers of person know or understand the about the bitcoin. There is nothing wrong about the business crypto. I think the proper motivation for business crypto is; you can amaze to the value of crypto, you can do anything, be a positive thinker, You can be a celebrity on the future, you are preparing to the success. Your hard work for something the higher you will feel when you achieve it. 
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June 12, 2018, 07:02:25 AM
 #260

it seems that if for a new player and small capital for a small business it will not be too influential and will not look too much profit you can get.
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