Is it a good time to start accepting BTC?

[Joswa Russell]

I don’t think your business will survive if bitcoin is doomed. It would be better if you invest the small portion of what you are earning.

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[kro55]

I don’t think your business will survive if bitcoin is doomed. It would be better if you invest the small portion of what you are earning.

The existence of a business has nothing to do with accepting bitcoin. I think the op is looking to use bitcoin as a payment method for his business besides fiat. Accepting bitcoin payments will not affect or hurt the business, but simply expand the payment method to attract more customers. If the op is living in a country where bitcoin is legal, this is a good decision as he will have another customer for his business, bitcoiners.

[TimeTeller]

I don’t think your business will survive if bitcoin is doomed. It would be better if you invest the small portion of what you are earning.

The existence of a business has nothing to do with accepting bitcoin. I think the op is looking to use bitcoin as a payment method for his business besides fiat. Accepting bitcoin payments will not affect or hurt the business, but simply expand the payment method to attract more customers. If the op is living in a country where bitcoin is legal, this is a good decision as he will have another customer for his business, bitcoiners.

It also depends on how the OP looks at this market, does he believe that btc has future?
Because if he is not convinced with this market, better keep his payment method in fiat.
I do agree that it will just open for another payment method in his shop.
But it doesn't mean, it will have significant effect on his business.
So whether the OP will add btc payment, is all up to him. Because this is just another payment opportunity for him

[Sebas.tian]

I think, accepting bitcoin in your business is more favourable in this season of bearish in the community, because those business men that accepted bitcoin as a payment are really improving in profits making compared to those that only accept fiat money in their businesses. Now that Bitcoin is more popular in the whole world, it will be a good choice for you to accept Bitcoin in your business so that you will start enjoying what other people that accepted bitcoin in their businesses are enjoying in the environment.

[Adrian Genty]

As ordinary investors, it is difficult for us to judge when the real "valuation bottom" and "valuation top" will occur.
If you force yourself to "buy the bottom" and "escape to the top", it is often prone to hesitation and anxiety. And if we calm down and look at every market ups and downs from a longer-term perspective, we will find that temporary fluctuations may just be "small pits" in the market.
Therefore, to do a good job in asset allocation planning, the level of valuation is not a point that needs to be particularly tangled.

[lepbagong]

I think, accepting bitcoin in your business is more favourable in this season of bearish in the community, because those business men that accepted bitcoin as a payment are really improving in profits making compared to those that only accept fiat money in their businesses. Now that Bitcoin is more popular in the whole world, it will be a good choice for you to accept Bitcoin in your business so that you will start enjoying what other people that accepted bitcoin in their businesses are enjoying in the environment.

of course what you say is very true, friend, that accepting bitcoins in every business that is run will certainly make it easy for many people and obviously makes it easier for those who want to use it is something that should be done for business people. but not all countries can accept it as a recognized means of payment, of course this is also an obstacle in itself. so it really has to be adjusted to the country where we run the business whether we can fully accept bitcoin.
in principle it is clear that progress regarding bitcoin should be able to be adopted by business people to be able to adapt to this progress and that is necessary.