Is it a good time to start accepting BTC?

[Fatunad]

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.

Doesnt matter if bitcoin is price high or lower.
1 BTC = 1 BTC

It do only differs on USD value which we do really matter the most but if you are really on that decision or plans on accumulating profits in long term basis
then holding or accumulating as much as you could would really be idea but if not then you could make use of third party providers which could make out
instant conversions to fiat if you are really that worrying that much.

Its up to someone on how much risk they could able to put in related into their own business.

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[Taskford]

Bitcoin price has become acceptable in all countries of the world. Because all the developed countries have given cryptocurrency legitimacy in almost all the countries but all the underdeveloped countries? Cryptocurrency has not been legalized. Because they can't support the cryptocurrency that the banks of all the developed countries can't support because updating the cryptocurrency will bankrupt the bank.

Due to which developed countries are less likely to accept bitcoin support but also in developed countries or cryptocurrency is certainly supported.

By now its good to start accepting it knowing the price is so cheap compare before and we are facing down trend so I guess it will be beneficial for a company or business to do it right away because if the price pump more harder as we know bitcoin has capabilities to have a bull run for sure those companies who accept bitcoin when the price at cheaper price will earn more from it. For now do more studies because and also ask yourself first if you can handle the market pressure since we know price of bitcoin is so volatile.

[qwertyup23]

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!

From an investment standpoint, some might argue that accepting BTC directly may be a bad move, but to others (including me) this is a dream come true waiting to happen. The beauty in investing into BTC is primarily due to its inflationary nature and volatility. Many have experienced that their investments skyrocket due to BTCs volatile value and nature.

Personally, investing into cryptocurrency is definitely risky but it is definitely worth it due to the potential of earning thousands to millions. From my experience also, my BTCs go straight to my wallet and no third-party services (e.g mixers, etc.) have been used to transfer such.

[famososMuertos]

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!

Your question is very acceptable but it denotes "distrust" if there is fear it is better not to enter the business of payments with bitcoin for services, but although the current situation does not seem to look good it is perhaps the best time, but it is not so easy in the sense from the backing of liabilities, that is, debt payments, inventory acquisition, payment of employees, if you currently receive payments in BTc you should have a backing of liabilities and assets in Fiat, but surely in the medium-long term you will obtain profitability.

[GigaBit]

Cryptocurrency is a High Volatility trading platform. There is a fear of losing huge as well as a possibility of profit. According to my experience, those who hold BTC they never make loss if they hold it for long time. Because last year we see the ATH of btc price. The current market condition is not positive and btc price is lower so this is the proper time to buy or accept btc.

[uelque]

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!

Maybe it depends on what kind of business you are up to and if people are also willing to pay bitcoin for whatever kind of service you are offering. If your business is somehow on the technology side then I think bitcoin as payment might be worth it but if the business you are taking about need a monthly capital and you only support it through the income itself of the business then, therefore, I think it's going to be hard. You should not also forget that bitcoin's price is extremely volatile and it can really affect the way you handle your business. But if you are willing to take the risk then why not?

And if you really like to accept bitcoin, then I think it is much better if you are being paid directly to your wallet and don't use third-party services as it will cost customers additional fees which for sure they are not going to like.

[Issa56]

I think is not really a bad idea accepting bitcoin as your payment method, is not really too early and is not to late to accept bitcoin, if you are scared bitcoin will dump after accepting it then after payment have been made, you can easily convert it to fiat which is stable, but if you believe in bitcoin and you won't really be needing the money soon then you can leave the money in bitcon because if you can hold for long term you will definitely be in good profit. Also make sure you get a expert which will help you set up your bitcoin payment method and make sure you secure your private key to your wallet.

[bangjoe]

I think is not really a bad idea accepting bitcoin as your payment method, is not really too early and is not to late to accept bitcoin, if you are scared bitcoin will dump after accepting it then after payment have been made, you can easily convert it to fiat which is stable, but if you believe in bitcoin and you won't really be needing the money soon then you can leave the money in bitcon because if you can hold for long term you will definitely be in good profit. Also make sure you get a expert which will help you set up your bitcoin payment method and make sure you secure your private key to your wallet.

Yes it is quite easy to do if we know how to do it. But for beginners, it will certainly be confusing to do it.
What I'm worried about is that the op doesn't know about the steps to take if implementing this kind of strategy. Not to mention regarding wallets requiring private keys, I hope the op didn't miss out on that.

[RealMalatesta]

Bitcoin is money and it depends on what you are selling in your store and the platform at which you accept the Bitcoin, I know a shop that accepts Bitcoin but the only challenge used to be the price fluctuations since the shop sells groceries and receives a small amount in Bitcoin on some goods so sending the Bitcoin to exchange before converting to cash used to cost her extra cost, ever since the payment now go straight to an exchange address the conversion process is less costly and business is moving fine for her. So ultimately it depends on you what you want and how you want to go about it on a general note everyone will say Bitcoin payment is the best for a retail shop.

Digital ones will be something a lot better because it will make you a lot more money. I personally believe that bitcoin should be used in digital places, websites, ebooks, stuff like that which you could basically give it to people right away when they pay you in bitcoin. I did that back in the day with a software for example, a trading bot, you would get a license of it as soon as you paid in bitcoin and it was a great deal.

Unfortunately I stopped because I am not a good salesperson and my SEO is not that great so it was just an expense for me and there was no income for me at all, that is why I stopped doing it all together.

[m2017]

I think is not really a bad idea accepting bitcoin as your payment method, is not really too early and is not to late to accept bitcoin, if you are scared bitcoin will dump after accepting it then after payment have been made, you can easily convert it to fiat which is stable, but if you believe in bitcoin and you won't really be needing the money soon then you can leave the money in bitcon because if you can hold for long term you will definitely be in good profit. Also make sure you get a expert which will help you set up your bitcoin payment method and make sure you secure your private key to your wallet.

If a person has questions like this, then most likely now is the right time to start accepting payments. So OP is already ready for this. But in the post he wrote, there is no information on what goods or services he would like to sell for bitcoin. It seems to me that bitcoin would be best suited for paying for the results of intellectual labor or skills, such as the ability to program or draw. That is, something that doesn't require cash costs, such as the production of donuts (sorry for this example ), which require money for ingredients to bake, not to mention the associated costs. I fully accept and consider it acceptable to accept payments for the sale of e-books, digital paintings or photographs, as well as music, videos, games and something similar in digital versions. In this case, fluctuations in the rate of bitcoin will not have an impact and will not require large expenses, as with the sale of physical goods that need to be made from something and stored somewhere, which entails monetary costs. I would suggest minimizing costs when accepting payment at bitcoin in the first place.

[taufik123]

the right time or not depends on the regulatory conditions in your country and also your readiness to accept bitcoin with rapid price fluctuations.
this really needs to be thought about and prepared. using a third party service or not is your policy as a shop owner or business owner, but using an integrated third party service will be better and more efficient and at a lower cost.

[Abiky]

Was there ever a bad time to start accepting bitcoin? It's an extra payment method. This means there are more customers who'll be willing to buy your products. For example, me. Whenever I want to buy something via the internet, I check if it can accept bitcoin instead, and if it does, I choose to. Even if I don't for some reason, I will feel a preference to that store; accepting bitcoin shows you respect my privacy.

If you sell products that don't cost a lot ($1-$50), consider accepting Lightning payments as well.

If you don't care about BTC's price relative to Fiat, then it's the perfect time to start accepting it as payment method. But most merchants rely on Fiat to survive, so they would hesitate to accept BTC when prices are always unstable. After all, the whole world goes around Fiat. Things would've been different if we were living on the Bitcoin standard. Goods and services would be paid for using Bitcoin without ever needing to cash it out to Fiat ever again. That would only happen if Fiat collapses in its entirety (which you and I know this is very unlikely to happen anytime soon).

As long as volatility exists, the number of merchants accepting BTC as payment method would be extremely limited. Crypto often behaves in many strange and bizarre ways, so anything's possible in the future. Just my thoughts

[Ale88]

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!

It all depends on you, ask you wether you believe that bitcoin can actually make it or not. If the answer is yes, then start accepting them, otherwise just forget about them. I don't know what kind of business you have but are you sure that you're going to have so many bitcoin transactions that may become a problem for your financial situation in case the price goes down?

[Text]

It all depends on you, ask you wether you believe that bitcoin can actually make it or not. If the answer is yes, then start accepting them, otherwise just forget about them. I don't know what kind of business you have but are you sure that you're going to have so many bitcoin transactions that may become a problem for your financial situation in case the price goes down?

There is no mention of whether OP will use Bitcoin acceptance in a business, there may also be compensation for the service it offers, whatever or those. But as a general answer, it will be a financial problem if the price goes down. Therefore, before accepting or accepting Bitcoin or any other coin, he must know what the possible consequences are. But for those like me who are aware of the possibilities, I would like to still accept BTC, whether its price goes up or down due to preference.

[Scaterbrainn]

It all relies on the nature of the business and the need for replenishment. If you must buy back for more sales right away, I recommend exchanging your Bitcoin for money. You may make a plan to invest in Bitcoin. The current bear market is an excellent moment to BUY, yet you should use caution because the market could possibly fall further. In general, when investing in Bitcoin, as with any other asset, it is critical to invest only what you can afford to lose.

[dlightag]

Bitcoin is a universal digital currency, which can be accepted across the universe as a means of payment to your business and it also determine the size of your business, and is good a one, but always know that Bitcoin (BTC) has a high volatility which can be appreciate or depreciate at any given time.

[The Cryptovator]

I am wondering why are you looking for a bad or good time when you are going to accept Bitcoin. You are considering accepting Bitcoin means you are considering it as a payment method. So a payment method shouldn't have time to accept or deny. Just proceed. They are a couple of Bitcoin payment gateway that you use. Then you may store or convert for fiat. It doesn't matter what will you do with your funds. But holding it would give you more return, but it's up to you totally
 

[Fivestar4everMVP]

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!

For me, there is never a bad time to accept bitcoin, first and foremost, thinking of accepting bitcoin as a payment for goods and services simply means you are a bitcoin believer, if then, you truly believe in bitcoin, then the price fluctuations shouldnt really be a problem because there is a solution to it.
Like the first reply said...you have the choice of either keeping the bitcoins you earn from customers or selling them immediately for a stable coin or for fiat, it's all up to you either to choose to be on the saver side due to bitcoin price uncertainties or to choose to consider those bitcoins paid to you as your own investment in the asset.

[Smartvirus]

In my opinion, I think now is about the best time for anyone to accept or buy bitcoin. We are still in the bearish market and out of sentiment as I've got no proper analysis to back it up at the moment, the market is consolidating and the bulls seems to be gaining a little momentum hence, it is naturally expected that there would be a breakout and the bulls would push through towards a bullish direction.

Be the as it may, you might want to have some predictive ability about it in order to preserve the value of your coin if your receiving it in purchase for goods and perhaps just transfer to usdt but, when that is not the case, you can receive and hodl. Even as a merchant, you can hodl except you've got an urgent need that would require your replenishing of your goods. Either way, there ways to guide against them loses and your coin loosing value.

[boris singer]

In my opinion, I think now is about the best time for anyone to accept or buy bitcoin. We are still in the bearish market and out of sentiment as I've got no proper analysis to back it up at the moment, the market is consolidating and the bulls seems to be gaining a little momentum hence, it is naturally expected that there would be a breakout and the bulls would push through towards a bullish direction.

Agree with what you said. in this case of course it will be very good, the market is in a good condition to accept or buy bitcoins with these records kept until it is possible to make profits as desired.
Now if you look at this ath like a 50% discount then there is no reason to say this is not right and indeed this is very worth it to do in the long run if you have more money there