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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4986 times)
Otsu
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January 15, 2019, 07:07:44 AM
 #481

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?
Well, aside from gaining profits in just a short period of time, cryptocurrency is more comfortable, fast and easy to used as a medium of exchange than fiats. But all of this reasons will depends in the situation because right now the crypto market is highly volatile and very dangerous to start a crypto business. IMO.
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January 15, 2019, 08:12:30 AM
 #482

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?
Well, aside from gaining profits in just a short period of time, cryptocurrency is more comfortable, fast and easy to used as a medium of exchange than fiats. But all of this reasons will depends in the situation because right now the crypto market is highly volatile and very dangerous to start a crypto business. IMO.
small businesses are identical with small capital, so with the payment of using crypto, they will certainly release again for the continuity of their business, so that maybe only a little of the remaining profit held as an investment
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January 15, 2019, 08:59:05 AM
 #483

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?

Reasons can be:
1. Hassle free.
2. No fake money (Sometimes people use fake money when they buy goods and services)
3. Bad people cannot steal your money to your store.
4. More convenient than using fiat.
5. More advance than the usual payment system.
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January 15, 2019, 09:24:41 AM
 #484

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 best motivation, in my opinion, would be attracting more customers. If there were two possibilities of buying the same product, one with fiat and another with crypto, many of the crypto holders would prefer buying with it (especially if they saw attractive exchange rates). Basically it depends on what you are selling and what volumes you can achieve by accepting crypto at advantageous for customers(and disadvantageous for you) rates. Sometimes it's better to lose 5% on the price of each item, but earn more, in fact, due to increased sales volume.

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January 15, 2019, 11:51:46 AM
 #485

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 best motivation, in my opinion, would be attracting more customers. If there were two possibilities of buying the same product, one with fiat and another with crypto, many of the crypto holders would prefer buying with it (especially if they saw attractive exchange rates). Basically it depends on what you are selling and what volumes you can achieve by accepting crypto at advantageous for customers(and disadvantageous for you) rates. Sometimes it's better to lose 5% on the price of each item, but earn more, in fact, due to increased sales volume.


When the situation came to Bitcoin the people will so much disappointed with the cryptocurrency uses so they are not understand the current situation defects so they are not ready to sell or buy cryptocurrency at the situation but it changes soon and it will come to normal position.

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January 15, 2019, 12:15:11 PM
 #486

In my opinion it is not ready, bitcoin is a complicated matter so that the small business is not ready to make bitcoin a payment system, especially many cases of hacking so security is still a debate.
Security is not a matter of the entrepreneuers,only the prices matters a lot when it comes to payment system.People are afraid to take it as payment since the prices may fall at any time so they don't want to risk themselves by accepting a volatile currency.

I'm sure there are services to counter that by locking the payment price else none of the other businesses will be using bitcoin/crypto as payment method. I think problem is people are not educated enough and they feel that cash/debit/credit is working fine for them. It's hard to break old habbits for some people.

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January 15, 2019, 02:01:07 PM
 #487

In my opinion it is not ready, bitcoin is a complicated matter so that the small business is not ready to make bitcoin a payment system, especially many cases of hacking so security is still a debate.
Security is not a matter of the entrepreneuers,only the prices matters a lot when it comes to payment system.People are afraid to take it as payment since the prices may fall at any time so they don't want to risk themselves by accepting a volatile currency.

I'm sure there are services to counter that by locking the payment price else none of the other businesses will be using bitcoin/crypto as payment method. I think problem is people are not educated enough and they feel that cash/debit/credit is working fine for them. It's hard to break old habbits for some people.
They too have some valid reason for using the fiat for payment system like the transaction will be instant,no direct fee and no need to wait but they forget about the fact their money keep losing the value because of inflation when days passes so teaching why we need bitcoin will convince many people that saying bitcoin is better.

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January 15, 2019, 04:56:27 PM
 #488

Obviously not, especially with this level of volatility. But if the price stabilizes, then maybe there's a chance.

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January 15, 2019, 06:12:12 PM
 #489

I currently watched a news that some of the fish vendors here in my country some of them are accepting online payments even they only run a small business which is selling fish. And I think many people are really ready to accept online currency for a efficient and hassle free payments that's why I really believe that soon these year more people will gonna be interested in using online currency.

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January 16, 2019, 10:50:14 AM
 #490

Haha, I think not.
Who wants to sell something for cryptocurrency, when the market is at its very bottom.
It seems to me that this will be all later when the cryptocurrency situation becomes more understandable.
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January 16, 2019, 01:19:22 PM
 #491

most of the small business are coming forward to sell products with the acceptance of crypto now in the coming months we can expect more growth in mass adoption from the merchant
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January 16, 2019, 09:19:44 PM
 #492

Since I am very enthusiastic about the development of this market I will have no problems accepting bitcoin as a form of payment for my job but the rest of the people are not ready to use a form of payment that can be so volatile as bitcoin because they prefer to have a currency that does not move so abruptly, this is one reason why it seems to me the adoption of cryptocurrencies seems to be slowing down.

But that is not really a problem to me since I can take advantage of the volatility by selling my coins when their fiat value goes really high or hold my coins like what I am doing now that the market is not giving profits.
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January 17, 2019, 08:07:11 PM
 #493

Haha, I think not.
Who wants to sell something for cryptocurrency, when the market is at its very bottom.
It seems to me that this will be all later when the cryptocurrency situation becomes more understandable.
No for your post mate , those who knows the worth of crypto will surely take this step happily and they will make more than double profit with crypto business faster than they are taking with that miner business. So if I ever got this opportunity to get crypto for selling my businesses I will surely go for it without thinking even twice.
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January 17, 2019, 11:26:52 PM
 #494

In my opinion it is not ready, bitcoin is a complicated matter so that the small business is not ready to make bitcoin a payment system, especially many cases of hacking so security is still a debate.
another one that bitcoin itself is very volatile and the value changes every second. this is actually very less good when used as a payment in a wide range
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January 18, 2019, 03:20:45 AM
 #495

maybe it's possible for the future but for now it can't be done in my country because the government hasn't legalized the crypto currency as the applicable currency and can't be the currency that can make official payments
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January 18, 2019, 06:06:40 AM
 #496

In my opinion it is not ready, bitcoin is a complicated matter so that the small business is not ready to make bitcoin a payment system, especially many cases of hacking so security is still a debate.
another one that bitcoin itself is very volatile and the value changes every second. this is actually very less good when used as a payment in a wide range
well, whatever happens, I think selling a small business for cryptocurrency is a mistake. I think that it's better to make the development of a small business a big business with the help of cryptocurrency. well, but I see that some people are desperate to do this. well, it might benefit, but it could also be a loss.

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January 18, 2019, 07:23:37 AM
 #497

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 I really wish that youtube and google adsense are pay me with bitcoin, using paypal is risky they can freeze my account anytime. I have plan to build an app which ease people to find job and paid in crypto but until now it is only a plan.
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January 18, 2019, 08:05:53 AM
 #498

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 I really wish that youtube and google adsense are pay me with bitcoin, using paypal is risky they can freeze my account anytime. I have plan to build an app which ease people to find job and paid in crypto but until now it is only a plan.

i hear a rumor before that youtube will be paying thier workers with bitcoin/crypto but i think it will take alot of time in order for it to be implemented because cryptos are not yet really popular  . using paypal is more easier and its not risky only if you know what you are doing  . they cannot freezee or ban your account as long as you are not doing any illegal stuffs that against thier t.o.s 

anyways , goodluck with your plan .  ive already witnessed the same idea but the jobs arent user friendly . i wish there is a simillar site that offers a career for unskilled/uneducated people like me  . sigh   Sad
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January 18, 2019, 08:14:08 AM
 #499

Maybe is best and smart ideas when we got much profit at cryptocurrency and bitcoin, we used it for build real business. Many people never care about the next time how to get success after profit with bitcoin or altcoin, you have schedule your plan after profit with crypto.
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January 20, 2019, 09:19:35 AM
 #500

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 best motivation, in my opinion, would be attracting more customers. If there were two possibilities of buying the same product, one with fiat and another with crypto, many of the crypto holders would prefer buying with it (especially if they saw attractive exchange rates). Basically it depends on what you are selling and what volumes you can achieve by accepting crypto at advantageous for customers(and disadvantageous for you) rates. Sometimes it's better to lose 5% on the price of each item, but earn more, in fact, due to increased sales volume.

When the situation came to Bitcoin the people will so much disappointed with the cryptocurrency uses so they are not understand the current situation defects so they are not ready to sell or buy cryptocurrency at the situation but it changes soon and it will come to normal position.

You are talking about vast majority, and I agree with you in that regard. But there are millions of those who are ready to use crypto, and in fact using it already. And those people would buy goods in an online store, as described in the OP, but only if it was advantageous for them to do so. That's why I suggested to set up attractive exchange rates, and maybe lose a bit on every single item, but attract many crypto holders from around the world to your store, and to win as a result.

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