Is it a good time to start accepting BTC?

[rmilly]

It’s ALWAYS a good time to accept Bitcoin. Historically it’s appreciated a lot. Enough to make it worth your while.

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Better accepting bitcoin on your store payment actually still bitcoin on lower price, beside make transaction easy you have make bitcoin as popular digital currency payment beside your environment. Need to give education before accepting bitcoin if your environment not really understand about bitcoin, give them basic knowledge about bitcoin and guide step by step when using bitcoin like sending and receiving way.

[Rigon]

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Given the current market conditions, it is a good time to accept Bitcoin. If you can accept Bitcoin for a long time at this time, you may change one time.Many people have imagined this position in the current market but in this position they will actually buy bitcoin. Now that the market has moved to this position, you can now buy Bitcoin and make long-term investments.

[romero121]

Start accepting bitcoin based on the legal system in your country. In many countries the legal framework isn't supportive to accept bitcoin, because bitcoin is still under the unregulated sector. It is good to accept bitcoin into business unlike the market, but your government shouldn't create any problem to your business.

If your business is in a region where there is more people using cryptocurrencies, then it'll add more support to you. If not you should have the mind to consider bitcoin acceptance without any expectations on short term profit making. Because many large scale business firms like Expedia started accepting bitcoin and stopped within a short as they didn't received expected usage.

[Jatiluhung]

there's nothing wrong with trying to accept bitcoin at this time. although it must also be seen from other aspects such as whether many people around you are familiar with bitcoin. but it could also be your step in starting to receive bitcoins can add to the heat of the people around you. so that in some time, many people will know bitcoin and use it.

[Semar Mesem]

I agree that now is the right time to buy bitcoin, the growing global community makes us have to be optimistic that the future of bitcoin will be bright, maybe it is still red because investors are selling off the impact of inflation, but I believe when inflation ends then the price will skyrocket.

[kryptqnick]

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

If you have a business or work for a business in a position that enables you to suggest Bitcoin adoption, what do you have to lose from starting to accept Bitcoin? The price is currently low, so people who'll pay you might be hesitant, but you (or the business), on the other hand, have everything to gain if you hold these payments in BTC until it recovers. As for the question of the recovery, I have little doubt that Bitcoin will recover and surpass the previous ATH. It has always done it. The only consideration that might stop you is if accepting Bitcoin as payment is illegal in your country, and you might face repercussions for doing it. But that has nothing to do with the price.

[Rufsilf]

That can be a perfect time provided that you run this legally, not illegal. I hope that your government allows any business establishment or sector to accept Bitcoin for this is a big factor that could affect the results of your plan and likely be successful. But if the authorities in your country ban crypto, never continue your plan or create problems with them as at the end of the day, you are the one to suffer rejections.

I suggest discussing it first with the assigned division where you are going to process legal papers before doing it just to make sure that everything will be fined and ready to go.

[fauzan Ichsan]

That can be a perfect time provided that you run this legally, not illegal. I hope that your government allows any business establishment or sector to accept Bitcoin for this is a big factor that could affect the results of your plan and likely be successful. But if the authorities in your country ban crypto, never continue your plan or create problems with them as at the end of the day, you are the one to suffer rejections.

I suggest discussing it first with the assigned division where you are going to process legal papers before doing it just to make sure that everything will be fined and ready to go.

In this case the government plays the most important role, without any legality from them, then no matter how good an idea I think it is useless. for now the central bank states bitcoin is not a currency, although they are impressed with bitcoin's performance, and I think this will be a longer step because the current situation and conditions do not support bitcoin to be legalized let alone certify companies making payments with crypto, but we do not know future developments, along with relevant conditions later

[FatFork]

Yes and no. It depends on where you are in the world and what your target market is. There are a lot of companies using BTC right now as an alternative currency, and it's easy to start accepting BTC when you can integrate it into your checkout process, but it is still very new. People won't be ready to spend it in retail until it is more mainstream. However if your target market is people already using bitcoin then accepting BTC is a no-brainer.

[YOSHIE]

and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months.

Companies accept Bitcoin in their business, based on the price of the goods they sell and are measured according to hourly and daily Bitcoin prices, Bitcoin going up and down is not a barrier for companies to stop accepting Bitcoin.

For example:
Today Bitcoin $28k, item price $50, company accepts Bitcoin at current Bitcoin price of 0.00172btc, and so on if Bitcoin goes up by $100k, the company receives Bitcoin for 0.00049btc at the adjusted price of Item $50.

High price of Bitcoin and low price of Bitcoin, it doesn't matter to companies that accept Bitcoin.


So, do business and accept Bitcoin as a digital currency in your company, not only today it's worth using, whenever it's good to use, even though the price is high and low.

[|MINER|]

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

I will say yes ,bitcoin is always suitable for accepting in business but there is also some risk that is the market volatility. If the market volatility can't harm to your business then there's no risk and if it can then it can be a barrier to your business. So I think you should first know that, is bitcoin accepting  suitable for your business and if any action can be taken to make it suitable, then take the action first and then analyzing it and then accept.

[acroman08]

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months.

a lot of people have probably said the same thing in the past when bitcoin's price is going down. if you are too worried about the volatility of bitcoin, you can always immediately exchange the BTC you get.

Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

yeah, it is worth it. the manager of my signature campaign pays me directly to my wallet.

[Asiska02]

There’s never a good and bad time you start accepting bitcoin. Using bitcoin as a means of payment for services you render is a big plus for your business. People respect privacy a lot and accepting it can bring more customers to the services you are rendering. Accepting bitcoin and immediately changing it to fiat is the best for you as you’ll want to stock more products for sale as you’re selling off. This is best for you considering the market fluctuations currently, for you not to lose most of your profits in a blink of an eye. You can only keep for a while if you want to invest for a long time in the market having in mind that the market can either fall down or go up at any moment in time.

[skarais]

I don't think that this is a bad time to try to accept bitcoin as a means of payment, it's certainly a good time because now a lot of institutions out there are starting to adopt it. Especially for countries that have legalized bitcoin as a means of payment, you may be able to easily adopt it as an alternative currency in your business. But not for my current country which still has rules that prevent bitcoin users from using their bitcoin as a means of payment.

There’s never a good and bad time you start accepting bitcoin.

No, if many large institutions start to stop adopting bitcoin as a means of payment mainly because the government revoked its legality then it is not the right time to adopt it. But if you agree, I can't blame you one-sidedly.

[stomachgrowls]

There’s never a good and bad time you start accepting bitcoin. Using bitcoin as a means of payment for services you render is a big plus for your business. People respect privacy a lot and accepting it can bring more customers to the services you are rendering. Accepting bitcoin and immediately changing it to fiat is the best for you as you’ll want to stock more products for sale as you’re selling off. This is best for you considering the market fluctuations currently, for you not to lose most of your profits in a blink of an eye. You can only keep for a while if you want to invest for a long time in the market having in mind that the market can either fall down or go up at any moment in time.

Depends actually on someone's preference because majority of merchants or Business owners doesn't really like to get involved into something which could really give out chances of losing those things but there are some who are really that open-minded when it comes  to possible opportunities that they might able to get into.

It's up to him whether he accepts or not and I do agree that there's no good or bad time yet this is just an other alternative when it comes to payment gateway or method.It is really just Bitcoin does have other benefits where people do been thinking of.

[ninis45]

I understand that what I'm afraid of is the price that there may still be a deeper decline so that the op is hesitant to accept bitcoin but if you want to implement bitcoin payments then you also have to know how the bitcoin price travels which are very unstable, not as fiat, so you have to be able to apply it every time of course with a system that can be managed to avoid big losses from a payment and if that can be done then the op is making a big step for bitcoin

[KingsDen]

There's no better time to accept bitcoin in your business. It totally upto you and what you want. But let me drop suggestions below;

1. According to the context in Op, it is implied that the best time you want to accept bitcoin for business is when it attains some level of stability. It coul be when the last btc is mined or when there is massive adoption.

2. When you say business, treat business as business and nothing should stop your business from growing including bitcoin. If your customers don't need bitcoin as a payment method, please don't force it. Forget bitcoin and continue your business with fiat. But if you are unsure about your customers view, you can ask for their feed back through some questionnaires. It is your customers that will determine and not us here.

3. If you are to accept bitcoin, ensure you have means of battling volatility and reconciliation of accounts.

[noorman0]

Bear markets are a good time to start adopting bitcoins in business in the hope that they will grow when the price will recover. Regarding payment methods, I will look at several factors such as how interested people are in using bitcoin to pay for things and the habits of people using this type of wallet for transactions, as well as how you want to manage the bitcoin income itself whether you will hold it or reuse it to finance creating new products. This will determine the payment method you want to use for your service.

[mr_enoc]

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

You can accept bitcoin as payment but monitor the price of bitcoin. Bitcoin price always fluctuate, it is important to check the chart because there is a possibility that btc will go down again.