Is it a good time to start accepting BTC?

[fiulpro]

Considering that most people here who works in the signature campaigns are paid in Bitcoins primarily I do think that am well qualified to answer this question:

1. Accepting BTC is not honestly a bad thing since the price crashes are not that sudden in a day it's more or so +2% or -2% thus if you are worried you can encash it in a matter of seconds and would be able to keep it in fiat.

2. You can also open your own wallet which means that it can be taken as a long term investment and it's not on the market, it's on you how far you want to hold

3. You can also trade and encash in so many currencies making it far more better for an international business as well !

4. If you want you can put 50% in an investment in Bitcoins and 50% you can encash and this dividing would decrease the chances of loosing everything if you are so scared of that.

[OgNasty]

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!

Depending on how you accept it, it's always a good time.  You don't have to hold the BTC you receive, or you could hold only a portion of it in BTC.  The preferred method of course is to hold it forever, but sometimes as a business you've got to cash out a little to pay the bills.  I'd say to make a clear plan of what your goals are and then budget your BTC accordingly.  Whether that's BTC from new sales or just BTC you're holding on your balance sheet.

[carlfebz2]

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 on you if you could able to bare the risk of volatility or not and as a business owner/merchant then most likely you would really be minding off about profits which should really be on that assured mode

or being stable thats why lots are really in doubt when it comes on accepting bitcoin or crypto as a whole due to that reason aside from regulation issues.If you could handle the risk then go ahead.
Some might be using those 3rd party provider which they do accept bitcoin and directly converted to fiat value or simple directly accepting it on your own personal wallet.

[isaac_clarke22]

~

You might just need to adjust the price a lot since people are used to looking at the price of Bitcoin which is just normal as it is. If you can help yourself using non-web wallet, do it as much as possible so that you won't encounter any problems in the future since some web wallets are too strict with KYC that they might freeze your wallet at anytime and that is not going to be great in the flow of whatever business you're running.

[KennyR]

When you accept bitcoin directly into your business, you're eliminating the third party service provider. In most cases it'll be the banks, for example a consumer pay you in fiat. The fiat gets received by the bank and it is processed and reflected on your account. This happens in a very short time period, but the intermediary have control over your funds.

When the transaction is done in terms of bitcoin, you control your account and holdings. Here there is no time period to start accepting bitcoin, because whether you start accepting bitcoin today or later you're gonna eliminate the third party involvement that's it.

[hatshepsut93]

Does it cost you much to start accepting Bitcoin? If you pay once to set it up and then it just works, then the sooner you start accepting Bitcoin - the better, because it would increase your sales, even if by a small margin. But if there are maintenance costs, then you might indeed consider delaying the launch. The best way to make this decision is to ask businesses that accept Bitcoin in the same sphere about their Bitcoin volumes during bear market.

[Fortify]

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!

Sure it's a better time than any other to adopt and accept Bitcoin because there are so many developers in the sector. There are a whole range of solutions available depending on your business and personal needs. If you just want to accept Bitcoin as another payment method then you should probably seek a company that allows you to sell it immediately on receipt, with all the appropriate fees factored, because volatility might see you lose (or gain) money from price movements. If you're more interested in accruing Bitcoin over time then you might simply want to accept it to your private wallet, as long as you take reasonable steps to secure it.

[niceli]

I have been personally accepting bitcoin for around 4 years now and never felt any problems with it. I am in marketing and that means I will be able to do the work and get paid accordingly, if I do a great job then I get paid a lot, if I do a horrible job then I will not be paid well. This dynamic deal, plus being able to find jobs all around the world and working in front of my PC without ever leaving my house is the reason why I love bitcoin so much. I get to not only earn bitcoin from doing this, but also spend it back again to grow bigger and become a bit more famous and end up with bigger customers thanks to it.

[ololajulo]

There are some interesting things about bitcoin lately; that more than 12 million bitcoin has not moved in a year and it keeps leaving the exchanges. Grayscale has released the plan to sell bitcoin if it goes below 21k, which is a depressing news to the space with the amount of bitcoin in there custody, it is like going to dump bitcoin lower than 15k price. This premise give a disturbing view on the dip in this market for bitcoin. Some expect the lowest dip between November and February 2023.

[BitcoinPanther]

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 think, the time when you are convinced that Bitcoin holds more value is the best time to start accepting Bitcoin.  Aside from that, it is always a good time to accept BTC during bear trend.  That way, your product will cost more BTC due to the BTC price collapsing.

[NicNacCoin]

Yes, of course. This is enough time to accept Bitcoin.Some people still say bitcoin will be dumping more. Those who want to invest in Bitcoin can make a long term investment by buying Bitcoin.The market may be pumping from time to time. Then you will not be able to buy and will have to buy at a higher price later.If you want to make a long term investment then I would say buy Bitcoin and invest in this market.

[Dr.Osh]

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!

whenever would be a good time to receive bitcoins, or have them in your wallet. Questions like these will continue to exist until you start accepting bitcoins, or owning them. for now, the price is even discounted quite far from the ATH price, so this might be an opportunity for you.
Besides, if you feel that it's too late because the bitcoin price has fallen far short of its ATH price, when is the best time for you? is it when the bitcoin price reaches $10k, or when the bitcoin price reaches $100k? Such questions will reappear when the bitcoin price has reached one of these prices. So, it's never too late when you start.

[lornadane]

Yes, of course. This is enough time to accept Bitcoin.Some people still say bitcoin will be dumping more. Those who want to invest in Bitcoin can make a long term investment by buying Bitcoin.The market may be pumping from time to time. Then you will not be able to buy and will have to buy at a higher price later.If you want to make a long term investment then I would say buy Bitcoin and invest in this market.

From the past bitcoin has always remained the same right? Bitcoin is indeed a decent place for any investment. Whether it's in the long term or even in the short term, bitcoin is indeed worth defending, even though at this time the market seems to be in conflict, but everything will pass over time.

[Accardo]

You need to observe the reaction of people that accepts Bitcoin when the price was 40k and they are still accepting it till date. In my opinion, it matters to save those bitcoins and use fiat to run your business i.e if you accept both. Some businesses accept only cryptocurrency and they may not be affected by the price because the digital money they accept can get traded for byproducts or materials used in production.

When stacking the bitcoin then it's a bit risky and fully profitable on the other flip. When selling the bitcoin to purchase things (not bad) you may regret it when you see how much the $1k worth of bitcoin transacted now has become when the price hits 40k per bitcoin.

[goldkingcoiner]

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!

Why would you need third party services for Bitcoin? Do you need legal reassurance that a third party won't lose your Bitcoin? Do you trust yourself less than some strangers saying give us your money and everything will be ok? I could understand the fear if it wasn't missplaced fear.

It appears you have not understood the very point of Bitcoin and crypto in general. Be your own bank. Nobody else should control you, your money, your proof of transactions or your wallet.
Or in the case of other cryptos, privacy.

Time to start living a free man. Man.

But thats on you.

[aylabadia05]

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 will also not be a problem, but it's better if you avoid using third party services.
It's better if you receive it directly.
There is no need to hesitate on Bitcoin because Bitcoin is an asset that will always have value even though there have been many changes in recent months.
That's a brief explanation from me, my friend, that Bitcoin will always be valuable so you don't have to hesitate.

[worle1bm]

For sure when you have this thought in your mind to accept bitcoin as mode of payment it's the right time but what's the adoption or awareness level about bitcoin in your locality? Even if small percentage of people are willing to pay in bitcoin you could keep them safe in your wallet and hold them for long term if you are afraid of volatility at this time because in long run you will have profits over your btc.But you can also convert them to fiat but accepting it is best choice you can make.

[pooya87]

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?

It depends on what you expect from bitcoin. Considering you are so concerned about the short term volatility it seems like you haven't understood what bitcoin is.
If you are expecting to make a lot of profit by receiving bitcoin payments (from price rise) then the answer is not, it is not a good time to accept bitcoin.
Bitcoin is the only decentralized currency and you should only accept it if you are seeking financial sovereignty.

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

There is no point in using a third party to receive bitcoin, you might as well continue accepting fiat.

[Mr.sprin]

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!

the choice is yours when the time is right only you can determine it, now bitcoin is going down maybe some of these people are currently accepting bitcoin or investing in bitcoin but for me personally I have a target that doesn't depend on rising or falling bitcoin prices.

[glendall]

I think this is the right time if a business receives btc where currently btc is experiencing a decline, we indirectly invest in BTC, but return to what business you are going to establish in order to make a profit