Is it a good time to start accepting BTC?

[BroganWessex]

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!

[mocacinno]

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 guess it's never a bad time to start accepting bitcoin. I have setup a store that accepts bitcoin for somebody i know IRL and i help her quite often with the technical aspects.
If you have faith that bitcoin will sooner or later go to the moon, you can keep the btc... If you don't like the price fluctuations, you can sell it for FIAT after receiving it (or use a payment processor that takes care of this for you).

The site i set up uses btcpayserver, and i know my friend keeps the btc she makes... But again, that's completely up to you...

[NeuroticFish]

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?

If you use a third party service and you get fiat then I guess you already have nothing to lose, although such services may be more and more avoided by bitcoiners because of the ever growing KYC requirements.

If you decide to keep the coins yourself or exchange (parts or all) yourself then the recommended software is BTCPay server, but that's about investing and it's a decision you have to make for yourself. Also in this case you have to find out how will the accountancy look like.

However, it's said that it's always the good time to start with bitcoin.
Whether it worth it or not? It's hard to tell, it may depend on each and every one's goals.

Whatever is your choice, good luck!

[LoyceMobile]

Those who accept Bitcoin - is it worth it?

Yes.

And do you accept Bitcoin straight to your wallet

Yes.

Question for you: what do you want to accept Bitcoin for? It's a payment, and you can exchange it. I could accept payment in any form, as long as I can convert it into something I want. Bitcoin works, euros work, dollars work.
If you mean accepting and keeping it, it's only a good idea if you can afford to risk price drops.

[livingfree]

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.

The price of bitcoin has always been volatile, so if that's worrying you, you'll keep worrying because that will always change and the characteristic of bitcoin being like that will never change.

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's always worth it to receive bitcoin as a payment. Whether it's for products you sell, services or just a gift. You should practice receiving it directly on your wallet because that's how it goes, there's no one that should receive it for you even you use an address from an exchange, it will still count as your receiving address.

But technically, you don't own your bitcoin there if it's a centralized exchange because you don't hold the key.

[ABCbits]

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?

If your main concern is volatile Bitcoin price, you could either find custodial Bitcoin payment processor which automatically convert received Bitcoin to fiat or exchange it frequently. While there's no bad time to accept Bitcoin, i would recommend you to research how much your customer wants to pay using Bitcoin.

[Xxmodded]

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 guess it's never a bad time to start accepting bitcoin. I have setup a store that accepts bitcoin for somebody i know IRL and i help her quite often with the technical aspects.
If you have faith that bitcoin will sooner or later go to the moon, you can keep the btc... If you don't like the price fluctuations, you can sell it for FIAT after receiving it (or use a payment processor that takes care of this for you).

The site i set up uses btcpayserver, and i know my friend keeps the btc she makes... But again, that's completely up to you...

Good decision when accepting bitcoin as currency payment for your store, but some costumer not popular and know with bitcoin as digital currency payment and easy when adopting purchase on store. But applause what have did by your store when brave accepting bitcoin and looks become popular on your country later, by the way have terrible with legal currency payment with bitcoin on your country? worry if later have trouble and suspend by your government when accepting bitcoin as legal currency payment for your store.

[ChiBitCTy]

I don’t have a business where I accept (or don’t accept) bitcoin but I think now is no different than any other time. Bitcoin has always has a level of volatility that I don’t think now is really any difference than any other time. Bitcoin could just as easily go up right now as it could go down.

[Husires]

There is no perfect time to accept or not accept bitcoin, but now is the time to buy more bitcoin and not spend it because the price is much lower than what it was several months ago.

people do not tend to spend a lot of bitcoin and may prefer to pay with paper money if there is an option.

my advice to you

• Try adopting the Lightning Network to make the charges zero.
• Give discounts for Bitcoin.
• Do not convert those coins into cash and wait for several years.
  

[Sterbens]

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!

Bitcoin is not for the indecisive. If you're in doubt just because the problems out there are temporary in my opinion, fix your mentality regarding Bitcoin long-term perspective. Don't compare it to a short duration as it's irrelevant for Bitcoin.

If you are aiming to invest then get to know them all, not because of the hype or the news at a glance. Your money means control is yours. Bitcoin does not have time to explain to doubters.

Receiving Bitcoin in the amount of $1 is much more valuable than receiving millions of Shitcoin. Because Shitcoin cannot offset $1 in Bitcoin.

Whether to choose third-party or P2P services depends on your own preferences and needs. It doesn't matter as long as the Bitcoins arrive in the wallet with the amount we ordered.

[Pmalek]

If you are worried about the current price levels, why didn't you integrate Bitcoin into your shop when it's value was over $60.000? I am joking, of course.

What kind of business are you running? You need to ask yourself, would Bitcoiners and other crypto holders be interested in my products and services? Some marketing that your shop is accepting Bitcoin could also help. After that, you have to decide if you are going to keep the coins you receive or convert them immediately to fiat. Many shops use payment processors that convert crypto to fiat and that way they don't have to worry about the volatility. Besides the inflation that is already eating up your spending power.

[Wiwo]

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.

[Doan9269]

Those who accept Bitcoin - is it worth it?

it really worth investing and now is the best time to give a try on it, bitcoin is profitable if investment on a long run, it's incomparable to other cryptocurrencies, it's a digital decentralized currency for a good store of value and assets that appreciate with time, your privacy and security is never compromised while using bitcoin.

And do you accept Bitcoin straight to your wallet, or do you use third-party services?

it is better to make use of a p2p decentralized exchanges in procuring bitcoin and it is advisable for you to understand the difference between Centralized exchanges and Decentralized exchanges the wallets required to use for privacy and security of your coins whereby you have access to your keys is with the use of hardware wallets and you can as well read about Wasabi wallet and how to make use of   bitcoincore with coinjoin for maximum security and privacy that gives you access to download the full blockchain and run a full node, don't ever make use of a centralized exchange in mistake for a centralized exchange because that is you giving the third party full access to your coins.

[pawanjain]

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!

Changed so much as in ?
It's the same bitcoin as it was in the previous years and the only thing that's changing is it's price.
Right now is a great time to start accepting BTC because the price of bitcoin is low.
You will get more number of coins right now than what you will get when the price increases.

[Zilon]

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 am wondering why you doubt this will be a cool time to accept Bitcoin. It's best appreciated i the dip. Although there is no right of wrong timing to transact in crypto but if you must accept crypto directly into wallet you should also be a good market analyst to know when to go stable since it's not an investment tool but a legal tender at the moment. But generally there is no bad time to accept Bitcoin in exchange for goods and services

[TheNineClub]

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!

Accepting it as what? A payment for something? I personally never invested but rather got payed in crypto a while back and decided to just keep it and see what happens. It really depends on your goals weather you want to get payed in btc or not, and it depends if this is just a one time thing or a long term commitment. All those factors come into play.

[evichi]

It all depends on the business and the urgency to restock. If you urgently need to buy back for more sales, then I suggest you exchange your Bitcoin for fiat for that purpose. You can have a plan to keep some Bitcoin as a form of investment. The current bear market is the time to BUY, though you have to be cautious because the market can still move lower. Basically, having Bitcoin as an investment, just like any other investment, it is important to invest what you can afford to loose. 

[BlackHatCoiner]

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.

[naira]

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!

How much time do you need to learn Bitcoin and understand all the ins and outs of bitcoin?
If you are still in doubt, then there is no need to rush there is still plenty of time to match what you really need. If what you need or seek to benefit from is in Bitcoin then why not start with a small amount?

Everything also needs real action to find out whether it is good or not. As @mocacinno said if you don't find it suitable then you can swap it back to fiat. Maybe the soul of your investment is in another area.

[LegendaryK]

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!

Depends,

1. Are you just using it as a way to grow your % of bitcoin,
or
2. do you need the money to be used quickly to maintain the function of your business?
*If you can't afford an entire month with no pay, then you fall under option 2.*

If your answer is 1 , then straight to a wallet you control would be fine.
As you are prepared to hold thru any collapse in price verses fiat and don't need the income to maintain your business.

If your answer is 2, which for the majority of small business it will be,
Holding btc after a transaction is a dangerous position,
As a price collapse of btc verses fiat could turn a profitable business into a failure.
If you still want to offer accepting btc or any crypto, you need to use a 3rd party service that immediately converts to your local fiat,
that way you can accept crypto without worry of the price fluctuations destroying your business.