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Author Topic: A good way to promote Bitcoin or not?  (Read 597 times)
Crypt0Gore (OP)
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January 16, 2023, 08:36:27 AM
Merited by The Cryptovator (5), klarki (2)
 #1

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?

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January 16, 2023, 08:48:31 AM
 #2

I think it's a test you can run without causing yourself, your business, your clients or the community any harm (at least, if you don't use an external payment provider, don't accept 0 conf transactions, make sure you keep your wallet safe, and convert sufficient BTC to FIAT to make sure you can pay your own vendors/taxes/...).

Honestly, going on the little bit of experience i have by helping to setup and maintain a small online store, i don't think you'll make a lot of sales using BTC... But the cost of accepting bitcoin *can* be 0, so it's defenately worth a try. The more stores accepting BTC, the more "mainstream" we become.

Good luck Smiley

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January 16, 2023, 08:52:51 AM
 #3

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.

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January 16, 2023, 08:58:32 AM
 #4

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.

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January 16, 2023, 09:09:11 AM
 #5

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?

It is a great way to promote Bitcoin. You should definitely try that out but, keep your expectations low when it comes to sales via crypto. Online stores works the best for that(maybe set one up for delivery?) and is safer for you as well. You could wait for the confirmations first on blockchain and then start delivering the goods. Regarding those questions, you could set up a FAQ board along with a "Bitcoin accepted here and the QR code" sign.
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January 16, 2023, 09:17:03 AM
Last edit: January 16, 2023, 09:33:57 AM by headingnorth
 #6

You should also look into how to accept payments with bitcoin lightning network.
I believe the lightning network was created to allow more efficient means for retailers to accept btc payments.


Bitcoin Lightning Payment Solutions
A look at open-source and corporate point-of-sale systems from BTCPay to Confirmo, so any merchant can start accepting BTC in 2023.

https://www.coindesk.com/consensus-magazine/2022/12/16/the-best-bitcoin-lightning-payment-solutions/


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January 16, 2023, 09:21:34 AM
 #7

There's nothing new if you starts accepting bitcoin,well to my best knowledge it would be a win win move for you because those who wants to pay through bitcoin would be very much easier for them and also for you as the receiver, if bitcoin price soar along the line then you have more profits during conversion to USD or to your local currency (fiat). As well as giving bitcoin a maximum exposure within or around your locality.

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January 16, 2023, 09:42:27 AM
 #8

As long as you're confident that you can actually give great answers that doesn't make Bitcoin sound like a pump-and-dump scheme, then sure.

In my opinion, a quick conversation in your store isn't ample enough time for them to get a good grasp on what Bitcoin is and why it's important. Idunno, probably hand out small strips of paper with links to education material?

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January 16, 2023, 10:03:34 AM
 #9

Accepting Bitcoin as a means of payment is one way to bring publicity to the network and attract people to using it. You can also explore other options to make it more attractive to your customers like;

• Selling Bitcoin collectibles,
• Having Bitcoin themes designs in your store and possibly exploring NFTs (it has bad rep around here and has hit some downtime, but it's still an attractive option),
• Running Bitcoin quizzes and games.

All these are cost effective means if bringing attention to Bitcoin.

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January 16, 2023, 10:12:57 AM
 #10

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?
In such cases, I always think that YES instead of NO. Try to implement your plan and see where it leads. In my opinion, you have nothing to lose.

You can write down a discount for paying with a bitcoin as a benefit for buyers. Make a discount of at least a symbolic 5% and then it will be an attractive offer for them. To be honest, it seems to me that the discount should be higher, because people will lose on the commissions of exchangers, which will also push them away from paying in bitcoin. Calculate the approximate costs for the exchange rate + your discount and you will get the figure that will be of interest to buyers.

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January 16, 2023, 10:18:35 AM
 #11

If you have a business and regular customers, why not try adopting Bitcoin? You could put up a sign on the door or near the counter, saying "Bitcoin is accepted here", for starters. If you have an online shop as well, you could accept Bitcoin payments there directly (onto a Bitcoin address), given that waiting for it to be confirmed isn't an issue. If Bitcoin starts being accepted in the store, I think people will understand they can ask about Bitcoin there as well. Good luck!

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January 16, 2023, 10:28:56 AM
 #12

Any sign like BTC accepted here makes entire situation with bitcoin adoption better: people see that more and more places are bitcoin friendly. Of course it motivates them to know about bitcoin more. And one day the amount of places accepting bitcoin will be as big as popular fiat systems like Visa or Mastercard have.

We all remember how big impact has first deal of buying pizza for bitcoins. Each time it can be a small step, but if this step is in a right direction it is better to make it than not IMO.

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January 16, 2023, 10:35:29 AM
 #13

It depends on the place you're living thou. If the law and government of your country prohibit Bitcoin then you should be law abiding citizen first by not broadcasting what the government is against. But if you're allow free access to Bitcoin then you can give it a trial with extreme caution in order not to discourage your customers.

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January 16, 2023, 10:52:20 AM
 #14

...
But if you're allow free access to Bitcoin then you can give it a trial with extreme caution in order not to discourage your customers.

When you see a new label with a new payment method on a cashier's like Apple Pay or Samsung Pay are you really discouraged with that? Most people just ignore what is not interesting to them. I hardly can imagine that starting accepting bitcoin as a new payment option will negatively impact on customers: who will be curious ‒ can learn more about bitcoin, others will just overlook the label not interesting to them in person.

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DaNNy001
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January 16, 2023, 10:54:04 AM
 #15

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?
For me  i think its a good idea, because like you said they are lots of people there who still have the wrong perception towards bitcoin and still think its a scam project and are missing out on all the benefits one could get from bitcoin. Promoting bitcoin is a current trend that is going on currently in the  some places in my locality, i have been to many business place around me that offer the acceptance of bitcoin in return for their services.
  Creating a curiosity in the mind of people about bitcoin through your business is a very good idea especially when you have the right answers to address this this curios minds.

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January 16, 2023, 11:02:39 AM
 #16

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.

R


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January 16, 2023, 11:23:07 AM
 #17

It could be a good time to promote bitcoin in your city but you still have to follow the rules in your city so you don't break those rules.
For the initial stage, you can post a notification that you accept payments via bitcoin (if your country allows the use of bitcoin and it is legal there).
This will catch people's attention, especially if they see the bitcoin logo in front of your shop.
The benefit may be security as they don't need to carry cash to shop at any store that accepts bitcoins as payment.
But if your country hasn't allowed the use of bitcoins, you shouldn't because it could be against the rules.
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January 16, 2023, 11:43:54 AM
 #18

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 should depend on the environment in which you operate your business. If you see that you have more resources to launch your business while accepting bitcoin as payment, and ifms is acceptable to your customers, I believe that is not a bad idea. However, beware of scammers. Another advantage is that if you accept bitcoin as payment and keep it, the price may increase at any time.

R


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January 16, 2023, 12:01:17 PM
 #19

Simply put a sign in your door stating that you accept bitcoin, and you will undoubtedly have a lot of customers asking you questions; just put it up because most people are curious about it right now. Also, there is nothing wrong with it unless it is illegal in your country. The positive side of this is that it will attract more customers to you. Just prepare your answers about bitcoin and if they want to pay using it, as this is the most common question. Good luck with that, and please keep us updated about what is the outcome on this.
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January 16, 2023, 12:02:46 PM
 #20

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.

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