Is it a good time to start accepting BTC?

[Mahanton]

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 true and btc earnings is real as well. Knowing bitcoin is all worth it even if i encountered lot of losses but I also gain as well. Bitcoin investment is good if you hold it and invest it in a good timing.

Invest on what you can afford to lose as always and when you do step your foot into crypto then be prepared with volatility risk which had been always the issue when it comes this.
Start on accepting bitcoin or crypto on your business is a personal choice and just like been said by others that if you do able to bare the risk then its your choice to make to accept it
but if not then you can opt not to adapt or integrate it on your business. Good time isnt something could be determined because this market had been unpredictable from the start.

[1715223032]

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[Vaskiy]

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 true and btc earnings is real as well. Knowing bitcoin is all worth it even if i encountered lot of losses but I also gain as well. Bitcoin investment is good if you hold it and invest it in a good timing.

Unlike the market the Bitcoin earning and the value it holds is real. When we discuss about bitcoin for payment, more number of businesses have begun to accept it. Fearing the volatility, businesses aren't getting much into direct acceptance and are using third party service providers. When we get into direct bitcoin acceptance we need the patience, because the volatility can make changes. If the business received $20 and it turned $15 tomorrow we should have a backing to hold until the price bounces back.

[smartaction]

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 bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

[AicecreaME]

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 depends. I guess this is a subjective matter which highly relies on the situation of a place where you plan to adopt bitcoin as payment method. If you are going to use accept bitcoin in exchange for products or services, then your rate shouldn't be fixed because it could cost you your supposedly profit if the value of btc is low.

Processing time and fee could be a problem if the network you'll use is usually crowded. In addition, the price fluctuations could be a factor too since most people tend to panic over sudden drops, hence, not really a good time to pay with crypto resulting with probably lower transactions if you're planning to solely set up a payment method with it. If you'll use it as an alternative, perhaps it could work out depending on the network you'll use and strategy you're going to make.

[ReiMomo]

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 bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

Yes, as number of Bitcoin investors and number of people who are aware of bitcoin, have significantly increased through out the world, yes its needed to start accepting BTC everywhere. Yes, we have heard few countries already accepting Bitcoin. Really happy to see them doing so. Yes there are huge challenges with the governments. Wish a team from Crypto takes charge and mingles with govts to utilize Bitcoin everywhere.

[danadc]

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 bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

Yes, as number of Bitcoin investors and number of people who are aware of bitcoin, have significantly increased through out the world, yes its needed to start accepting BTC everywhere. Yes, we have heard few countries already accepting Bitcoin. Really happy to see them doing so. Yes there are huge challenges with the governments. Wish a team from Crypto takes charge and mingles with govts to utilize Bitcoin everywhere.

I think that if BTC should be accepted under any method, it is through the use of the wallet or the use of a third party for the means of payment, one that would like it to become famous for this type of payments would be with LN, I know that with Time will be achieved.

For every business that has to do with any item or product to sell I would take advantage of the payment with BTC because it would be faster, safer and would not pay any percentage to the bank, the best of all is that it would not have to adjust accounts with the Banco would make a very large sale, because in several countries when sales are registered for 10 thousand dollars, sometimes the bank must go to the bank, because otherwise it becomes a follow -up problem.

[Japinat]

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!

Its always reasonable to accept bitcoin direct into your wallet, regardless of its present value. If you have physical store, or just accepting bitcoin for investment or for future pension, i believe its definitely worth it. Everyone is eager to have it, so why do you hesitate to accept it? If you are worried because it can never be used as payment in most stores, then spend fiat and save bitcoin. There's always  a brighter future for bitcoin than fiat indeed.

[AicecreaME]

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!

Its always reasonable to accept bitcoin direct into your wallet, regardless of its present value. If you have physical store, or just accepting bitcoin for investment or for future pension, i believe its definitely worth it. Everyone is eager to have it, so why do you hesitate to accept it? If you are worried because it can never be used as payment in most stores, then spend fiat and save bitcoin. There's always  a brighter future for bitcoin than fiat indeed.

This could really work out only if the owner will get the perfect balance of bitcoin and fiat payment. In a business, most particularly with stores that offer products, the owner is required to restock so that the customers can have a wide variety of options to choose from. If most payment would be in crypto, he won't be able to buy immediately the things needed in the store because he first have to exchange it.

Hence, it should be balanced. Or at least have a margin for every bitcoin payment so that you won't be the one losing if ever you'll have to pay for transaction fee for converting it back in fiat. This will also serve as your bounce back if ever bitcoin will suddenly decrease in price.

[Ziskinberg]

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 believe in bitcoin that would create a huge price in the future which will eventually change your life, then you should not be skeptical in the first place. Accepting bitcoin direct to your wallet or even thru an exchange will always be worth it knowing it can be very useful not only as a payment or as a tool for investment, but it can be a good source for your retirement too. So start taking the risk and always aim for a brighter future with bitcoin.

[dezoel]

"How" was the first thing that came to my mind. If you accept only bitcoin and only on legacy network for example for the things that you sell physically, doesn't that sound a bit wrong? Or if you sell digitally and offer 20+ different coins and have bitcoin with segwit as well, wouldn't that be better?

I feel like that should be the case for most people and that is what I believe is our problem. We just want bitcoin to be accepted everywhere and tell people to accept it, but we never question how optimized it could be and inefficient way of accepting bitcoin would not really increase the adoption too much, it would just be a hassle for people.

[Betwrong]

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$31k is quiet low compare seeing the price last year on bitcoin so maybe we can still say that its safe for starting up merchant to accept this because they might see more better result once bitcoin recover backs or hit more huge figures in future. Also this will be beneficial for merchant to accept this because curiosity will start to build up and they might be drag to the hype of bitcoins once its fame spread to their neighborhood also in global markets.

Right, accepting BTC can be beneficial not only because you can double up your earnings(if you hold it until the inevitable future ATH), but also because attracting Bitcoin enthusiasts to your place. Put a sign on your door "Bitcoin accepted here", and rumours will spread like wildfire among Bitcoin admirers. They will not necessarily pay you in BTC, but they will definitely visit your place and maybe buy something with fiat money, which would be also good for your business.

[kotajikikox]

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!

Been following bitcoin for quite some time but still not know what and how this works? and yeah you are doubtful ? then forget about Bitcoin if you are not ready for any losses in terms of conversion to fiat.
because what you need to be here is a strong will and dedication as the market is volatile and may go up and down in time you dont expected .

[KaliLinux]

currently panic has become an obstacle for the value of BTc itself where the value of btc is getting lower to 28k-29k$, hopefully this is the lowest value of BTC, my advice if you are going to buy bitcoin when the rising wave is visible, don't now there is still a possibility that btc is still going down

Like most have said, I think any time you buy Bitcoin is a good time because you should be looking at a long term HODLing and not for quick turnover, and from your statement, you would rather buy when the market has started going up and how do you know that it will continue on that upward movement and not that is was a fake-out like what some will say happened yesterday 06 July 2022 compared to today's BTC price?

[lixer]

This could really work out only if the owner will get the perfect balance of bitcoin and fiat payment. In a business, most particularly with stores that offer products, the owner is required to restock so that the customers can have a wide variety of options to choose from. If most payment would be in crypto, he won't be able to buy immediately the things needed in the store because he first have to exchange it.

Hence, it should be balanced. Or at least have a margin for every bitcoin payment so that you won't be the one losing if ever you'll have to pay for transaction fee for converting it back in fiat. This will also serve as your bounce back if ever bitcoin will suddenly decrease in price.

You could always have USDT or BUSD or any other stablecoin directly converted system? I mean that way the owner would be able to accept 100+ different coins, which is awesome for the offer, and I did it, I accepted 100+ different coins when I was selling something. Then what happened? I just clicked a button that said "automatically convert to USDT" and that was it. Then I was able to pay the person I got the item, buy more, and resell it again and again.

Turned 1 item that I bought into 73 of them in my hand at some point, without spending a single dime, all paid by the customers I sold to, all automated converted into usdt. After that I stopped and just got rid of the inventory for very cheap and went back to my original job which is writing, and I love it.

[n0ne]

Their is No time that is bad to accept bitcoin. Accepting bitcoin depends on you if you need bitcoin or how you can be able to used it expecially when the market is bearish. If someone decides to send you bitcoin it is up to you to know what to do with it.

Yes, when someone sends bitcoin or any other cryptocurrencies during the bear market, and we've got the ability to hold then it'll give much added profit in the long term. As said there is no specific time period to accept bitcoin or other cryptocurrencies into business or in common.

When accepting bitcoin what needs to be analysed is the government norms, because if we're in a crypto legal country then it is fair. If not, this could bring problems. So, already certain things to be kept ready to face such situations.

[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!

It completely depends on what you're going to do with the Bitcoin on whether you should accept it. If you are selling goods or services, the method of payment does not matter a whole lot if you're going to convert it straight into fiat using one of the many payment processors available for this job. As long as you have factored in all the associated fees into the end price, you should probably accept bitcoin and other crypto because it's possibly another unique selling point you have over rivals. If you are accepting Bitcoin and keeping it, you are vulnerable to all the price fluctuations that come with it - good and bad.

[bitterguy28]

Their is No time that is bad to accept bitcoin. Accepting bitcoin depends on you if you need bitcoin or how you can be able to used it expecially when the market is bearish. If someone decides to send you bitcoin it is up to you to know what to do with it.

what if you are not using bitcoin instead for investing purposes in long term? does this need to be decided according to the demand and desire?
bitcoin can be bought and keep there is no need for using for a time being , there are so many successful people in crypto world in which they are into holding and made it x10-x100 in 4-10 years.

[Iranus]

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 anytime if you have bitcoin available as a payment method, which will help you gain more customers from bitcoiners and converting bitcoin to fiat is also very simple.

I would recommend learning more about bitcoin if you are considering investing in it, looks like you still don't fully trust bitcoin. You have been following bitcoin for a while but how long and do you understand how it works? I guess you still don't fully understand it. Once you get the hang of it, you can hold bitcoin as it is a long term investment, in the short term it can hurt you a bit.

[Abiky]

Accepting bitcoin is always good idea. If you run a service and people are willing to accept it via Bitcoin then this is good for you. I plan to have a car showroom and put bitcoin there as payment method. Which would make me more profitable than Fiat cash money.

If you don't care about Bitcoin's price in Fiat terms, then there should be no problem accepting the cryptocurrency as payment method. But most merchants and businesses need to pay their bills and several other costs which can only be paid in Fiat. You can't sustain your business if Bitcoin goes all the way down the drain in an instant.

For this and many other reasons, Bitcoin acceptance will remain low for the foreseeable future. The only way this would change is if the world begins relying on Bitcoin as a standard unit of account. But everything still moves around Fiat, so the odds of this happening are very slim. Hence, accepting both Bitcoin and Fiat would be the only way to go. Just my opinion

[Quippery]

Well, it could be because a lot of people would already be trying to get rid of their bitcoins at the moment. Since the bitcoin prices are going down, many traders have a feeling that it is not a good asset to keep. But if you ask me, I would suggest taking advantage of the situation and collecting as many bitcoins as you can. Once the bitcoin winter is over, you will enjoy the spring.