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Author Topic: Why are we not pushing online merchant and services harder for Bitcoin adoption?  (Read 469 times)
CryptoBry
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April 30, 2019, 02:42:49 AM
 #21



Merchants are always looking for more sales and if there is something they can do to accomplish this goal then there is no need for anybody to make a campaign for them to do so. The problem here is that merchants know that people are not spending their Bitcoin on massive scale. In fact, many merchants who already are into Bitcoin stopped accepting Bitcoin due to low level of business volume. This is one big reason why Amazon is silent when it comes to Bitcoin...
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April 30, 2019, 02:45:31 AM
 #22

The main roadblock to achieve this, is the mindset of the people! I see many of my fellow bitcoiners have pointed it correctly - people want to become rich by HODLing and they are least interested in spending! There are other reasons like price fluctuations and government regulation also plays a major role but majorly it's us!

Pushing online merchants is a good idea but it's easier said than done! Pulling up a lot of people on the same platform will remain a big challenge and even if we can do it, how many of us will actually spend bitcoins to buy things!

pinoyden
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April 30, 2019, 02:50:33 AM
 #23

from what i understand mass mailling is considered as a spam  . our efforts of sending too much mails will only be useless because email service providers will only block it  . doing rally is also a bad idea because this will only make us look desperate of promoting bitcoin  .  the best thing we can do to spread adoption is support bitcoins . buy bitcoins and encourage someone else on your place . by doing this little things we can help bitcoin grow .
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April 30, 2019, 03:39:03 AM
 #24

I think we need to do that, we need to push more shop and create more transaction volume so bitcoin can grow faster, but I think we also need to make bitcoin become more stable before we could encourage more shop to accept bitcoin, the high volatility has become one of the reason the merchant didn't want to accept bitcoin
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April 30, 2019, 03:49:56 AM
 #25

I think we need to do that, we need to push more shop and create more transaction volume so bitcoin can grow faster,

transaction volume of bitcoin is now growing faster but the adoption of stores and merchants is leaving behind  . i like the idea of op  . doing campaigns can help encourage merchants to join bitcoin  .

but I think we also need to make bitcoin become more stable before we could encourage more shop to accept bitcoin, the high volatility has become one of the reason the merchant didn't want to accept bitcoin

yes i agree with that  . volatile nature of bitcoin is one of the factor that merchants consider but bitcoin is actually now getting stable these days  . i guess some merchants sees this as a go signal  .  lets wait for further notice about new store's opening that accepts bitcoin  .
joeperry
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April 30, 2019, 04:38:22 AM
 #26

I think they're aware to bitcoin and cryptocurrency the only thing is that it's price, we can't predict the price of cryptocurrency and it's not always on the bull market and there are times that the price dumps... if you are a owner and let's say you make a profit of $300 in that day... and tomorrow it becomes $100 only or maybe negative.

As a seller/merchant they are seeking for a secured profit through trading of goods and they will not take risk in cryptocurrency because of its volatile price.

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April 30, 2019, 04:43:03 AM
 #27

Well not all online merchant are aware of cryptocurrency and if they are aware they don't know how does it work it needed some time for them to adopt it and also they need to know the volatility of each coin, I think it would be hard for them to adopt it since the bitcoin price pumps and dumps uncontrollably and would make their service or investment at risk that's why they're looking for a stable coins.

Maybe a Tether usd might do? since it's not that volatile like the cryptocurrency, what do you think?

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April 30, 2019, 04:57:27 AM
 #28

I think we need to do that, we need to push more shop and create more transaction volume so bitcoin can grow faster, but I think we also need to make bitcoin become more stable before we could encourage more shop to accept bitcoin, the high volatility has become one of the reason the merchant didn't want to accept bitcoin
The last year down is the major important of Bitcoin dump. But reality most of the countries are start the accepting of Bitcoin so we must think how major holders are sell continuesly, because sudden dump was totally irritating the peoples mindset. I think this year some countries are start the Bitcoin awareness so many peoples buy again and  it will move to forward. May be number of Cryptocurrencies are enter the market so surely it will reach the right adoption.

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April 30, 2019, 05:51:25 AM
 #29

The low adoption rate and flow of Bitcoin in the live market is the basic reason, besides that the Bitcoin holding capacity of people pulling the online merchants and services back. Sad
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April 30, 2019, 06:09:03 AM
 #30

I think it is a brilliant idea. I want to compare this with people's voting power in a democratic country, where they determine the direction that many things will go in their country, by voting for a specific political party or cause that are supported by that party.  Wink

Let's say Donald Trump's party supported Bitcoin and we wanted a government that was pro-Bitcoin, then most Bitcoin supporters would vote for that party, if that was their main goal to vote for change.  <In theory>   Roll Eyes

One man is an Island, but many people are a community and when a community stand together, change will happen.  Wink

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arpon11
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April 30, 2019, 06:43:14 AM
 #31

I watched the news last night and I saw how people were demanding better service and/or rights by acting collectively. They

might turn to drastic measures like boycotts or Strikes or even mass mailing complaints to accomplish their goals. We want

these services to start to take Bitcoin seriously, but we are not pushing hard enough. I think we should target one online

merchant and then mass email them collectively to ask them if they could consider accepting Bitcoin as a payment option. We

could switch merchants every other week to reach more merchants.  Wink  Someone should just start a Poll to ask people what

merchant should be targeted first and then details should be posted about the contact details of their support to get things

started. I have been contacting some services individually, but it is not making any impact... I think if MANY people do this

collectively.. then companies will see that there are lots of demand for Bitcoin payments for their services or goods on their

platform. What do you think, would this work?  Huh
This is a wonderful ideas and do we know what will happen to bitcoin if online merchants like amazon began to accept bitcoin?  Bitcoin will definitely skyrocket in price and many people will become aware of it existence.  I do think we are not going to have bad days if we can mail those merchants that we think can adopt bitcoin and I am commencing my own this morning.  This is going to work to me and we just need to give it a test.
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April 30, 2019, 08:31:55 AM
 #32

The new payment options are available immediately, Sunny Trinh, the company’s vice president of demand creation, told Bitcoin Magazine in an email. He added that the company has already “closed several multi-million-dollar transactions” using cryptocurrency.  especially coming from a century-old, blue-chip enterprise. So far, most of the companies that have taken the step of accepting payment in bitcoin have been younger and smaller.
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April 30, 2019, 09:26:53 AM
 #33

I don't think mass emailing a merchant/store will really force something to happen. Especially when it won't really effect their bottom line. Why should big companies like ebay add bitcoin as a payment option? They are doing fine without it, and adding it as a new payment option won't increase income.

Businesses are run by profits. If you can prove that adding bitcoin would help increase profits, the merchant/company might think about adding it as a new payment option, otherwise, will never happen.

Absolutely agree with you. To do what we want, you need to organize your activities in such a way that the sellers themselves want to accept bitcoins. They also thought it was their own desire. They should be interested in acquiring Bitcoin. In the meantime, the volatility is high, there is no guarantee that sellers will be interested in accepting Bitcoin.
First of all, we need to more and more promote information about Bitcoin among the general population. The more popular it becomes, the greater the guarantee that one day it will become a method of payment everywhere.

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April 30, 2019, 09:31:37 AM
 #34

Most retailers are aware of bitcoin but still dont got the convince they can trust it or think it is a hassle to take care off. They will change there mind when more and more competition will add the option to accept bitcoin.

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April 30, 2019, 09:35:12 AM
 #35

We used to do that here on the forum, but that seems to have stopped at one point.
I can clearly remember threads back in 2013 and 2014 where people would show off emails they'd sent to companies, asking them to accept bitcoin.

It was actually one of the more fun aspects of this forum and a big reason why I initially stayed active here.

I would welcome more initiatives like that, maybe even start some of my own.
While the intention is good here, this could lead to a lot of spam which the merchants might not like and they might ban crypto related emails completely. Honestly, after the collapse of Bitcoin and other crypto in 2018, merchants have been a lot more cautious in this aspect.

I believe that the best path here would be to wait patiently and let them realize the value of crypto and provide BTC as an alternative payment option on their own.

Well I don't mean actually spamming businesses, more like sending one email to gauge their response on that.
Yeah I don't think they would respond well on receiving a dozen emails in a short amount of time :p

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April 30, 2019, 12:33:26 PM
 #36

I think Bitcoin is still very new currency and most people have no idea about it, they actually have shitty ideas. Besides that it is still very volatile and speculative and I don't think there is a big opportunity for merchants to make such switch in general.

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April 30, 2019, 02:47:44 PM
 #37

I do not think we should push online merchant to adopt  Bitcoin as a means of payment. The  adaptation of bitcoin is growing exponential and it is left for people to want to use it.It is the choice of a merchant. He should be allowed  to make his decision as Bitcoin is highly volatile
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May 01, 2019, 11:53:10 AM
 #38

I honestly don't think that the reason service doesn't accept it is because of volatility, especially lately, it's so stable.
Even if it were because of the volatility (which seems relaxed now), buyers can be made to make extra payment which is refundable if price doesn't rise above the agreed price for the product or services while on transaction. It's an easy way to tackle volatility.

More so, I don't think organising people to boycott services not accepting Bitcoin will help the mass adoption we crave. It will be counterproductive. We should let businesses accept Bitcoin at their own pace. It's a gradual process.

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May 01, 2019, 12:41:00 PM
 #39

Some people think that Bitcoin is an unstable financial system scheme, which is why some people regard Bitcoin as a thing that has a large risk of inflation. Even if we understand better about Bitcoin then we can understand the potential and benefits that Bitcoin has. so actually the application of bitcoin to the financial system of a company must begin with the conscious awareness of the company's owner towards Bitcoin, acceptance and trust will make Bitcoin more developed.
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May 01, 2019, 02:49:26 PM
 #40

Not all merchants are ready to embrace cryptocurrency due to it's risk and volatility, and not all merchants are aware of cryptocurrency in the first place. It might take sometime, mass adaptation will push companies and merchants to use blockchain technology in their business system.

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