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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
brotherwood12
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December 22, 2018, 02:02:46 AM
 #421

i think the motivate people to make business on crypto are how fast , secure and anonym the crypto its is , some people love like that
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automaticmoney
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December 22, 2018, 05:06:00 AM
 #422

small business are mostly adopting to cryptocurrency especially in Venezuela many local shops accept dash as their payment processor and even in south korea and japan mass adoption happening
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December 22, 2018, 05:41:45 AM
 #423

Any business whether big or small ,as long as it is on line that can be connected to a strong internet access when transacting wirh cryptocurrency is always be ready to sell for cryptocurrency , and that  how small or big the business ,the important it is connected always on line.

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December 22, 2018, 06:39:27 AM
 #424

small business are mostly adopting to cryptocurrency especially in Venezuela many local shops accept dash as their payment processor and even in south korea and japan mass adoption happening

These are the major steps taken by those government because those countries understand how potential the payment system is going to be. Cryptocurrencies are one best and most transparent way which we can easily and safely transfer to other countries in second.
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December 22, 2018, 09:38:29 AM
 #425

Small businesses should be ready to accept cryptocurrencies as a means of payment for wider exposure. There are a lot of crypto users that will make purchases using their cryptocurrencies. Some from countries that ban the use of cryptocurrencies but will be happy to make online purchases
Jack2fernando
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December 22, 2018, 10:22:33 AM
 #426

This is a very interesting topic for discussion. I think that small merchants at the initial stage can attract customers to themselves by the fact that, unlike other stores, they can pay in cryptocurrency. As is well known, additional concessions to the client often play a positive role in trading. In addition, the audience of cryptocurrency holders is constantly growing. First, it can be in the form of an experiment, and then as one of the methods of payment. If this experience becomes successful with small sellers, then at first other small sellers will begin to enter payment for cryptocurrencies, so as not to yield to competitors, then medium, and then large ones.
It will also give a benefit to the small businesses that a large number of people will crowd around them for their purchases because they all need a service in which they can pay with crypto and skip the exchanges, so it will give growth to these small businesses.
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December 22, 2018, 12:20:12 PM
 #427

I think that now it is a loss for every one if they sell it now in the present time and small business have invested if they will not ready to sell at this low prices we have seen that they are invested in the short term investment so they can sell it but it is not the right time.

I am sure that now, you should invest in the cryptocurrencies only when you have the so-called free money, which you are not afraid to lose if something does wrong. Any business, even the smallest one, must not be sold.
cryptomax217
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December 22, 2018, 01:01:53 PM
 #428

some have started.. it's an alternative so consumers with coins find it convenient.
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December 22, 2018, 01:48:08 PM
 #429

there will still be those who will hesitate.  as long as there won't be any bad publicity and negativity, this option will gradually be accepted.
sampalokmix
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December 22, 2018, 02:47:18 PM
 #430

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 other country, probably they can obtain already the way they sell and by goods, but being part of the third world country, we are still not ready to accept sudden changes with regards to cashless transaction lile this one and up to know there still minority ethnic groups who were still not be able to come to school and get some education due to lack of government assistance, like them how they are able to perform things like this one, its a saddening scenario for me.

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December 22, 2018, 03:44:11 PM
 #431

I think this is quite real and feasible, but for such a trade, a large volatility of bitcoin can ruin everything.
If the prices of goods that will be sold will be tied to the dollar, but the payment will be bitcoins to exclude banks and plastic cards - this is a very real picture to work on such sites.
But to minimize the risks of an online store it is necessary that the owner of the site had some kind of stable-coin for the exchange of bitcoins into Fiat.

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December 23, 2018, 01:57:11 AM
 #432

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 reason why merchant accept bitcoin or cryptocurrency but i think its because merchant aware the potential cryptocurrency in the future. Merchant must be have benefits from accepting crypto because their customer must be more wide than before, their customer can be from all around the world who using cryptocurrency for their transaction

yusupjatigumilar
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December 23, 2018, 02:17:29 AM
 #433

simple, they are motivated to see other people who build a crypto currency business and get a lot of benefits, and it is actually not a difficult thing to build this business because in a script technique to make crypto sources it is open source where anyone can modify and create new variants what is difficult in this business is building trust from investors
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December 23, 2018, 04:10:03 PM
 #434

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?
If your business is still a small business then it will be best for you if you don’t try that. If you’re into buying and selling you will need the money you have made from the sold goods to buy more and replace the space,. If you’re accepting cryptocurrency, don’t be surprised you finish selling and by the day end of the day the price will drop and you will find it difficult to buy good again. It’s all your choice though.

I believe any level of business can adopt cryptocurrency because cryptocurrencies are here for the reason of supporting small businesses especially with the reason of, it does not cost big for initial setup.
Semosuchi Tesongrato
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December 23, 2018, 05:33:07 PM
 #435

For the moment it seems not.
The volatility is too great, the accounting difficulty immense, and however few are willing to "use" the bitcoins, and prefer to speculate.
But if the market stabilizes, maybe things will improve.

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December 23, 2018, 09:29:42 PM
 #436

No matter how small or large the business is as long as it complies the requirement to do business with bitcoin, then it is ready to sell cryptocurrency, the most important thing in cryptocurrency business is the adequate and strong supply of internet access ,this is important for it is the process of making cryptocurrency transactions.
Zapitmyname
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December 24, 2018, 10:02:37 AM
 #437

This is a very interesting topic for discussion. I think that small merchants at the initial stage can attract customers to themselves by the fact that, unlike other stores, they can pay in cryptocurrency. As is well known, additional concessions to the client often play a positive role in trading. In addition, the audience of cryptocurrency holders is constantly growing. First, it can be in the form of an experiment, and then as one of the methods of payment. If this experience becomes successful with small sellers, then at first other small sellers will begin to enter payment for cryptocurrencies, so as not to yield to competitors, then medium, and then large ones.
It will not only benefit the small shops but it will also give confident to the crypto community as when they will see their coins being used by the merchants then they will start to take more interest in their coins and will stay with their coins to support more.
krishnaverma
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December 24, 2018, 01:38:14 PM
 #438

This is a very interesting topic for discussion. I think that small merchants at the initial stage can attract customers to themselves by the fact that, unlike other stores, they can pay in cryptocurrency. As is well known, additional concessions to the client often play a positive role in trading. In addition, the audience of cryptocurrency holders is constantly growing. First, it can be in the form of an experiment, and then as one of the methods of payment. If this experience becomes successful with small sellers, then at first other small sellers will begin to enter payment for cryptocurrencies, so as not to yield to competitors, then medium, and then large ones.

Allowing crytpocurrencies for payments can be helpful:

1) Only in some particular type of stores. For instance, in stores related to tech products it can be success as people there would be familiar with crypto and such payment options

2) In only those countries where crypto is legal. There are some countries where crypto is banned and thus such a payment option is of no use there.
Rooster101
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December 26, 2018, 12:03:52 PM
 #439

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?

Any small business that plans to use cryptocurrency as mode of payment should also be for possible losses of funds due to the coin's volatility. They must also have a good knowledge in cryptocurrencies so they can be prepared for any eventuality like sharp decline of prices and pssible hackings. I think virtual coins is not yet popular in many places and number of merchants that uses it is still limited.
jjjfff
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December 26, 2018, 12:21:49 PM
 #440

The supply chain must accept BTC in order for it to become small shops' currency.

Also utility bills may present a cash flow problem since they can't be paid in crypto.

Mining operations are closing down due to the cash flow issue. Their revenue is 100% in crypto, but so far most real world bills are in fiat.

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