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Author Topic: A good way to promote Bitcoin or not?  (Read 601 times)
TimeTeller
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January 16, 2023, 08:54:26 PM
 #41

What do you think?
A big wine store means a single sale can be a huge amount of money on a good day and also means that there will be a lot customers to your store because people like different categories of drinks. Introducing bitcoins to your customers for payment is a great idea. The benefit to you is that it can reduce the stress with going to banks and help you avoid any third party challenges. The benefit to your customers is that it will introduce another payment option to them. It is a good way to promote bitcoin.

And it is not a new idea. We have seen in this forum alone, some shop owners are really trying to include btc in their payment method.
Even small shop is getting their hands on it. If the OP is already a crypto user, it won't be difficult for him to implement such idea.
He can even educate some of his willing customers on how to get a hold of btc and use it for payment.

To the OP, you can start this anytime and see what interest you will get from your community. There's no harm done in trying.
Also, make sure that when you offer your btc address, your wallet where you generate your address is not prone to possible hacking.
I read recently that one of the BMs here in the forum seemed to be hacked using his electrum wallet as hot wallet.
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January 16, 2023, 08:58:04 PM
 #42

Of course it is good to raise awareness of others about bitcoin on the sidelines of business, and again it's up to your environment and availability particularly time to teach customers some basic lessons. And you need to know, new people are usually more skeptical of financial matters. Here you are required to explain to them more carefully, maybe you will get some opposition from them fiat fanatics.
I think that in Bitcoin education YG teck the process of slow to impart knowledge of bitcoin to another person so many people find it very difficult to understand they measure with context to move further but will this point I believe that bitcoins have a long way to understand if you follow the normal process of it so teaching people Bitcoin or involving Bitcoin in your business is another room to advertise the product or bitcoin or to make bitcoin to be aware of your people

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January 16, 2023, 09:16:07 PM
 #43

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

What is bitcoin?

What benefits come from using it as payment?

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam.  What do you think?

I think you can have a test phase with your wife regarding accepting bitcoin for your store and surely before even testing it you need to have enough information about bitcoin and the bitcoin transaction yo use for your store. You can also use some pre-made bitcoin payment systems but all these methods need to bed tested by yourself to make sure if its suits you.
Also if you want to promote bitcoin you can give a simple paper with your products and in that paper, you can give some keywords about bitcoin to make people interested in it.

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January 16, 2023, 09:20:14 PM
 #44

It depends on where you live and whether there are a lot of bitcoin users in your area, or you can promote your trade through social media or where you trade with flyers so you can accept bitcoin payments.
and if your business always has a lot of people coming to buy i think there is nothing wrong with you doing that and i think now everyone knows what bitcoin is and what bitcoin is used for. And the advantage you get if you accept bitcoin as payment is, when the bitcoin price goes up, your previous profit will double according to the bitcoin price.
and I suggest you keep it for the long term, and if there is something to buy for your business, put it on fiat and let your bitcoin work and grow.
and ignore those who think bitcoin is a fraud because there are still many people who believe in it.
There is not much Bitcoin users in my area but I think idea will bring up some curiosity, there are smart students around my area for example and I believe they could develop some interest .

As for my business, I am thinking of an attractive offer that can make them want to buy Bitcoin and use Bitcoin to buy from me then this will even prompt them to look more into what Bitcoin is.




It is not rare for businesses to offer a discount if a particular form of payment is used, so if you can afford it you could offer a small discount for those which buy your products with bitcoin, for those which have no idea what bitcoin is this is going to be more than enough to cause them to look information on the internet about bitcoin or they could ask you directly, because at the end of the day who does not like the idea of enjoying a small discount if you are a frequent customer at a specific store? Now many will decide bitcoin is not for them but still every single effort done to promote bitcoin adds up.

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January 16, 2023, 09:21:29 PM
 #45

What do you think?

I think accepting Bitcoin is a good way to promote both Bitcoin and your store because

  • You can attract customers who are interested in using cryptocurrency for purchases.
  • You can also attract customers who wanted to venture a different method of payment.
  • It is also possible for your business to open globally or access international customers because Bitcoin is a p2p payment system that knows no boundaries.
  • It is also a good way to raise awareness about Bitcoin people will possibley become interested on Bitcoin whenever they see the banner of your store  stating that it is accepting Bitcoin

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January 16, 2023, 10:05:49 PM
 #46

Confidence...!

 There is no formula to promote, just believe and trust, put the notice in your business, that in itself is enough.

 We always see this request that you make on the merchant's side but rarely have I seen the story of someone walking into a business and saying "when are you going to accept bitcoin".

 OP
.  Another context same story "hit" and "acclaimed" 1000 times on this board

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January 16, 2023, 10:10:06 PM
 #47

I think that the best way of promoting Bitcoin is by investing in Bitcoin and the ocean shall the awareness of bitcoin to other people because I couldn't remember how it got viral  through the process of letting people surrounding you or around you to know the importance of Bitcoin

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January 16, 2023, 10:16:25 PM
 #48

I think any method in which bitcoin is used as a means to transact is a good enough way to promote its usage to the general public. Although I think it would suffice if steps on how to create bitcoin wallets as well as funding them to let the ones who are not that savvy with bitcoin know. Cause in my opinion it would only cater towards those who already have bitcoin in their pockets. I think a huge signage or a poster on your store where you let people know you accept bitcoin payments could be good too.
Confidence...!

 There is no formula to promote, just believe and trust, put the notice in your business, that in itself is enough.

 We always see this request that you make on the merchant's side but rarely have I seen the story of someone walking into a business and saying "when are you going to accept bitcoin".

 OP
.  Another context same story "hit" and "acclaimed" 1000 times on this board
This is good. that actually makes sense.
If Bitcoin is legal in your country, this is a wonderful way to promote it. You can write something like "Bitcoin accepted here, pay in Bitcoin get 10% discount". Those who acknowledge Bitcoin will pay you in Bitcoin. Those who are unfamiliar with Bitcoin will be inspired by it. If this is the case, they may inquire about Bitcoin and conduct their own Google search. This indicates that you are directly adapting Bitcoin. On the other hand, it will assist in the expansion of your business. People will talk about you accepting Bitcoin and spread the word. As a result, you may gain more customers.
Exactly, discounts on bitcoin payments could work too so people are urged to use bitcoin as a payment option, and a good way to entice those who are not using bitcoin as well. Pair this with a good infographic on how to create bitcoin wallets as well as how to fund them, and your target demographic is set!

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January 16, 2023, 10:16:49 PM
 #49

Small steps taken forward by businesses run by people like and you and me will help much in the real-time usage of bitcoin. While making a bitcoin accepted sign it is also good to add how things work with bitcoin in a step by step guide. Maybe that'll avoid you briefing the process involved during the transaction to customers who prefer to know about it. From that we can understand how much is people interested into it, because only the people who willing to use it further request the help from you to know better about it.

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January 16, 2023, 10:31:56 PM
 #50


I think accepting Bitcoin is a good way to promote both Bitcoin and your store because

  • You can attract customers who are interested in using cryptocurrency for purchases.
  • You can also attract customers who wanted to venture a different method of payment.
  • It is also possible for your business to open globally or access international customers because Bitcoin is a p2p payment system that knows no boundaries.
  • It is also a good way to raise awareness about Bitcoin people will possibley become interested on Bitcoin whenever they see the banner of your store  stating that it is accepting Bitcoin


from the several points you mentioned, increasing awareness of the use of bitcoin is the main purpose why adoption is done. Ordinary people who don't understand bitcoin don't know how useful bitcoin is for payment and is an option for payment today. not only as a means of payment, but also can be used as a good investment tool if you can manage it properly.
The stores that start accepting bitcoins depend on the regulations of their respective countries. Most of those who have adopted bitcoin are from countries that fully accept bitcoin. But some developing countries only allow bitcoin and other cryptocurrencies only as commodity tools and may not go beyond that.
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January 16, 2023, 11:15:40 PM
 #51

This is actually a good idea. Some small stores near my place is actually doing this to promote crypto and it feels awesome to see a Bitcoin logo every time I pass by that store. Unfortunately, I haven't tried it yet since I'm on the hodler side and I keep my BTC in exchangers I trust, not in my wallet  Grin

It's good to have another payment option that's different on what we often use everyday, and I find cashless payment convenient every time.
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January 17, 2023, 12:37:05 AM
 #52

I think it's a good way to promote bitcoin, later people will definitely ask you questions about bitcoin, and indeed lately many people are promoting bitcoin to the public but in different ways. and I think what you do is the most unique, I wish you success with your endeavors.

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January 17, 2023, 06:55:50 AM
 #53

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

What is bitcoin?

What benefits come from using it as payment?

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam.  What do you think?

Know first if there are huge number of people using bitcoin on your place since if you just introduce bitcoin without knowing its demand maybe you are just wasting your time for doing that because for sure people will just ignore it and use the traditional method they use.

To create noise about possible adoption on your store scout first the people around you since if there's a bunch of bitcoin user in your place for sure you will be the talks in the town for accepting it on your store.
One person per month is my goal, it's not entirely about accepting bitcoin as means of payment, I want to use this to spread the news about Bitcoin and have some discussion, if I can get someone every month to discuss Bitcoin with then it's for the greater good.

I will introduce discounts with Bitcoin payment, people love discounts I believe, so this will force them to want to know what Bitcoin is all about and how they can get it.

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davis196
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January 17, 2023, 07:18:11 AM
 #54

That seems like a great idea. People who buy wine tend to have more money to spend on investments, and tend to be more educated which means they are more open to learning about something like bitcoin and using it.

How did you come up with that conclusion? Grin Are there any studies proving such correlation between win consumption and investments?
OP can do whatever he wants with his business. He knows his customers and he must decide whether or not to start promoting Bitcoin.
I can't see any clear benefit of promoting BTC in a wine store. Bitcoin has nothing to do wine and I don't really think that accepting BTC payments would boost OP's sales. He can try to educate some of his customers about BTC without having to expect any kind of direct benefit out of BTC adoption. There's nothing wrong with that.

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January 17, 2023, 07:23:40 AM
 #55

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

What is bitcoin?

What benefits come from using it as payment?

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam.  What do you think?
Are you the major wine brand in your country? Or at least one of the top player in this industry in local market? If not, then you can't promote bitcoin but instead, you can use bitcoin to promote your business. Bitcoin is an innovation for the society and even the word sounds innovative for those who don't know what it is.
The more payment options you have, the better for your business because if I am an user and want to buy your product but you don't accept my preferred payment method, then I'll start looking for your opponent companies in hope to pay with btc for example. When I find your opponents, there is a chance that I'll find their product more than yours and instead of you, I'll become their, who knows, maybe loyal customer.
So, yeah, accept Bitcoin and altcoins too. I guarantee you that you won't receive many transactions but this is what you can do to promote bitcoin and your business, all together:
1. A lot of TVs will accept your offer to film your viticulture where you can talk about how you produce it, what are the problems you face, what benefits you gain, you can also talk that you are the only one who accepts bitcoin and cryptocurrencies in this industry, etc.
2. You can also ask journalists of news websites to come with you, interview you where you'll talk about this innovative payment method. News websites are looking for clickbait, so, you give them a reason for this. Imagine this kind of title: Italy's famous wine company decided to accept bitcoin payments. Imagine something like this, I think it sounds great, right? So you know what to do Smiley

Wish you good luck Smiley

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January 17, 2023, 08:31:32 AM
 #56

I don't want to promote it like what other people promote it where they keep saying "oh you need to invest in bitcoin for you to make money" which is a very wrong approach to me because people will not become interested to it whenever they hear it. I want to promote it by telling them how it works, the technology behind it and the future of it. The mainstream media promote the Bitcoin in a bad way where the majority of the people in my country doesn't have any intention to use or buy it because they have fear of losing in their money. I tried to promote it to my friends by telling them personally how it works and my strategy works very well so it may also be a good use to you.

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January 17, 2023, 09:42:55 AM
 #57

a good idea in my opinion because it can provide convenience for people who currently don't have cash and sometimes for tourists who don't have local money
but behind all that you need to really explain what bitcoin is so you don't misinterpret the original purpose of bitcoin that already exists

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January 17, 2023, 10:01:48 AM
 #58

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

What is bitcoin?

What benefits come from using it as payment?

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam.  What do you think?
This question can indeed be an initial inducement from you to people who visit your shop to buy the items needed, because in the end they will definitely ask again about what Bitcoin is before judging it personally. Yes, it can indeed be the initial stage for you in promoting Bitcoin and making Bitcoin more famous in your environment when people who have visited your shop hear it from you. So if you like Bitcoin payments for items in your shop, then just post a little announcement that you want to accept Bitcoin as payment for those who don't carry cash.

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January 17, 2023, 10:50:08 AM
 #59

So my wife and i has a big wine 🍇 store and this includes other drinks as well, we sell in packs, and loads of people always come around to buy from us, I am thinking if this is a good opportunity to start promoting Bitcoin? I mean if some can pay Bitcoin for goods and services it will help even if they are few.

I believe this can make people start wondering what Bitcoin is and I will be waiting for questions like

What is bitcoin?

What benefits come from using it as payment?

Then I will give my answer and see if any people become more interested in it, some have heard about it but they have a wrong perspective of what Bitcoin is leading to believe it's a scam.  What do you think?

That's a very good move, and it will impact the stigma of your consumers, who will, by and large, be wondering what bitcoin is.

The wrong mindset from the point of view of your consumers is reasonable in my opinion, because maybe they don't know what bitcoin is in a complex way and of course they also don't know how to use it to make transactions.
The decision that I think is right if you don't change the payment focus on bitcoin but make bitcoin as an alternative payment for the wine you sell, so that consumers can choose the means of payment.

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jokers10
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January 17, 2023, 11:06:56 AM
 #60

I think that the best way of promoting Bitcoin is by investing in Bitcoin and the ocean shall the awareness of bitcoin to other people because I couldn't remember how it got viral  through the process of letting people surrounding you or around you to know the importance of Bitcoin

Investing in bitcoin is definitely not the best way of promoting it nowadays: may be earlier, when in was just developed... but now it has it's own value already and main idea is to spread in wider. To be more successful bitcoin needs more people having and using it and more places you can operate it directly.

Even one more small additional store is good in that way. One store in one place, one in another and bitcoins spreads wider in general, what is good.

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