Is it a good time to start accepting BTC?

[Fernando Gomez]

This is the right time to start their crypto journey and I know many who have just started. Investing at the time of bear market when the prices are low is a smart move.

[Eugene Buck]

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.

I agree! Many people are trying to get rid of bitcoins due to their low prices. And I think that it is a smart way of investing in bitcoin.

[Stella Mese]

yes, this is a good time, to buy bitcoin. and a good opportunity to invest in bitcoin. but of course we also have to be smart to choose the right time when buying. sometimes we always hesitate when going to buy especially during a bear market, sometimes because we are afraid the price will fall even more and not come back. but of course people's views are different. if I personally when the price goes down I am even more daring to buy. because in my opinion in the future bitcoin will be much higher in price.

[virasisog]

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 on your purpose. If you will reinvest the payments that you will receive then it will be the best time to accept Bitcoin payments. If you're going to use it to continue running your business or for purchasing items then you can choose a mode of payment that will suit your convenience. As long as you won't get charged extra transaction fees then you can choose either fiat or Bitcoin depending on your comfortability.

[Raihan050]

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!

Well, if you looking for hold it long term then it's the good time to start with bitcoin & for long term invest i will prefer to use own wallet.

[poldanmig]

yes, this is a good time, to buy bitcoin. and a good opportunity to invest in bitcoin. but of course we also have to be smart to choose the right time when buying. sometimes we always hesitate when going to buy especially during a bear market, sometimes because we are afraid the price will fall even more and not come back. but of course people's views are different. if I personally when the price goes down I am even more daring to buy. because in my opinion in the future bitcoin will be much higher in price.

If we think logically that now is the right time to buy bitcoin because the price is down, but not with some people who are actually hesitant and even afraid to buy because they think if the price of bitcoin might fall even lower, I personally see if there are still many of us who still doubt the future of bitcoin at this time so it seems that we continue to feel afraid to buy bitcoin even at a low price like today.

[amishmanish]

I think its best time to accept bitcoin for businesses, the current prices of bitcoin are low and any bitcoin transaction is bound to giver higher returns in term of bitcoin. Moreover these prices are bound to rise greatly in future, and this will help to give great gains. So if businesses accept bitcoin now, it will be a meaningful decision.

[virasog]

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.

I think here we are not talking about accepting bitcoin at an individual level. Yes, you can accept bitcoin anytime but if you have a shop or business then you should only accept bitcoin as a payment method if it is approved in your country. If you start accepting bitcoin in your business and your government does not legalize bitcoin usage, you can get into trouble.

[Osteoid]

If you can handle the price fluctuation in the market then you can definitely start accepting bitcoin. Remember that the value of these currencies can fluctuate frequently and badly.

[Abiky]

I think its best time to accept bitcoin for businesses, the current prices of bitcoin are low and any bitcoin transaction is bound to giver higher returns in term of bitcoin. Moreover these prices are bound to rise greatly in future, and this will help to give great gains. So if businesses accept bitcoin now, it will be a meaningful decision.

If businesses are thinking long-term, then accepting BTC as payment method today should be a no-brainer. But there are costs that need to be accounted for (utility bills, operational costs, etc), so most merchants/businesses will continue using Fiat as the payment method of choice. Stablecoins are an option, but UST's instability caused a certain level of distrust among the general public. Despite the limitations surrounding Bitcoin, it's still used by some as both a currency and a store of value. It's decentralized and open source, meaning you can do whatever you want with it (as long as it's legal, of course). Adoption for BTC is slowly increasing each day, so it's likely we'll see more businesses/merchants accepting BTC as payment method in the future. Just my opinion

[lienfaye]

If you can handle the price fluctuation in the market then you can definitely start accepting bitcoin. Remember that the value of these currencies can fluctuate frequently and badly.

Thats true. Its a must to know the risk of accepting Bitcoin because it is high volatile. But if you're a crypto enthusiast and believing of its potential then you can start accepting regardless of the price.

Currently the price is low, a good time to accumulate. Therefore accepting Bitcoin for your business/service is an advantage because the price has a high chance to increase in the future. Thus if you're prepared for the worse case and willing to wait just incase the value turn downward then you can do it.

[kamvreto]

If you can handle the price fluctuation in the market then you can definitely start accepting bitcoin. Remember that the value of these currencies can fluctuate frequently and badly.

Thats true. Its a must to know the risk of accepting Bitcoin because it is high volatile. But if you're a crypto enthusiast and believing of its potential then you can start accepting regardless of the price.

Currently the price is low, a good time to accumulate. Therefore accepting Bitcoin for your business/service is an advantage because the price has a high chance to increase in the future. Thus if you're prepared for the worse case and willing to wait just incase the value turn downward then you can do it.

As a crypto user I don't mind bitcoin either. Bitcoin still has a good future, there will be new ATH always being achieved. A good time to start stacking bitcoins for the long term. However, to accept Bitcoin or as payment adoption for the Business or services we manage, it still requires clear regulation. Without clear regulations, it will violate the law. Each country has its own regulations regarding the rules for accepting Bitcoin.

[minairia3]

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!

Are you talking about investing in or accepting bitcoin for your business? If you are interested in investing, a bear market is a good time because you do not have to wait to buy because bitcoin is extremely inexpensive to purchase and hold. In terms of accepting bitcoin for business, you can start whenever you are ready to do so. If you are worried about the price movement of bitcoin then after receiving your payment in bitcoin you can convert them to fiat right after, very easy and fast.

[Derbind]

It’s never a bad time to start accepting bitcoin. In fact, bitcoin has always been a matter of peak hype as many people regard it as a valuable asset against inflation. Currently as the value of bitcoin has fallen and the market is in a bearish stage, it is the best time to buy bitcoin at a lower price. Analysts expect and are pretty positive about the hope that bitcoin will recover soon and reach the $48k mark by the end of the ear.

[danadc]

I see that the time to accept bitcoin is now, and those who do not implement payments with bitcoin will lose the opportunity, right now bitcoin has a good price, some say it is cheap, if we consider that bitcoin can reach more than 100,000 dollars so yes, it is very cheap, because 20,000 dollars at the possible price that we all expect would be a win, I always seek to have a bitcoin, it is difficult and the road is quite hard, but I want to have bitcoin before it reaches that incredible price, because I know it will be more difficult to reach 1btc.

[Nicholas Schaefer]

If you are thinking of accepting bitcoin in business you are comfortable. When the market price of bitcoin it will compensate for the price of the product you’re selling.

[Isoprofit]

If you can wait for a while, you will be fine as per me. Bitcoin is showing downward movements at the moment and we cannot be sure about how it is going to behave in the future. If it keeps going down, you may be at a loss.

[m2017]

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!

Are you talking about investing in or accepting bitcoin for your business? If you are interested in investing, a bear market is a good time because you do not have to wait to buy because bitcoin is extremely inexpensive to purchase and hold. In terms of accepting bitcoin for business, you can start whenever you are ready to do so. If you are worried about the price movement of bitcoin then after receiving your payment in bitcoin you can convert them to fiat right after, very easy and fast.

What is the point for a business to accept the bitcoin as a means of payment if it is immediately sold? When converting to fiat, even immediately, you will need to pay an exchange commission, which means that there are some losses. No business likes losses. For the most part, I think that the acceptance of bitcoin by businesses is mostly a PR stunt to attract new customers. On the other hand, if a business accumulates btc for hold, received for the sale of its services or goods, then these funds are in some way “frozen”, because they cannot be spent on business development and you have to wait in anticipation of a profit.

[xSkylarx]

Despite its volatility, accepting bitcoin as form of payment on your business is always a good decision. If you want to avoid its quick ups and downs, you can just immediately convert it to fiat or stablecoin to not lose profit. If you have a deep capital on your business, then you can save some percentage of it for the future. It can also help to attract more customers to support your business once they knew you are spreading awareness about bitcoin and cryptocurrencies.

[Raflesia]

Despite its volatility, accepting bitcoin as form of payment on your business is always a good decision. If you want to avoid its quick ups and downs, you can just immediately convert it to fiat or stablecoin to not lose profit. If you have a deep capital on your business, then you can save some percentage of it for the future. It can also help to attract more customers to support your business once they knew you are spreading awareness about bitcoin and cryptocurrencies.

If BTC is directly converted to fiat, why not pay fiat directly if you don't want to lose when prices are unstable?
I know every business must have a desire from the owner to be appropriate with btc payments so I think it's good to save it for the future even though it doesn't maintain stability in the near future.
But I don't know how many other businesses that accept btc are they selling it immediately or are they still holding it.