I started accepting Bitcoin at my store in September 2021, here's an update.

[wnet]

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble , I'm out.

[UchihaSarada]

I am out of words

I want to implement Bitcoin payments in my hardware store.
My hardware store now accepts Bitcoin!
What is the best Bitcoin hardware wallet to use as a vault for a company?
Update on my hardware store which accepts Bitcoin
and this topic is a fifth topic of yours about accepting Bitcoin at my store, in my business.

 

Did you read forum rules that duplicated topics are not allowed. You duplicated topics in a same board (4 topics in Bitcoin discussion) and in different boards (1 topic in Beginners & Help)

12. No duplicate posting in multiple boards (except for re-posting topics in the local language boards if they're translated and re-posting marketplace topics in the altcoin boards if altcoins are accepted).

[mk4]

It would be great to at least see some numbers or at least more details instead of just saying "I hodled the bitcoin" and some added fluff to make the post longer. This is barely an "update" my dude.

[daweller1]

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble , I'm out.

can you post a link to the store?

[Nwada001]

Hello all, I wanted to give an update about my hardware store.

To me I could have suggest you add this post under "I want to implement Bitcoin payment in my hardware store.
Since it's just the progress regarding your achievement and implementation so far. 

[Pmalek]

You could have posted a few pictures from your store so we can see how it looks. If you have a bitcoin accepted here logo or something, take a photo of that as well.

I recently invested in a ColdCard mk4 to keep my funds safe.

Cool. Take a look at Show off your hardware wallet and take part if you want.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it.

How is that possible? If you run a store, don't you have expenses and obligations towards the state and your employees (salaries and taxes)? Do many people come to your store and pay with bitcoin and do you just not declare that as income?

[Rikafip]

This can hardly be called an update since you didn't even mention any numbers, like the amount of customers that payed with bitcoin or what kind of percentage of your customers used bitcoin etc.

How is that possible? If you run a store, don't you have expenses and obligations towards the state and your employees (salaries and taxes)? Do many people come to your store and pay with bitcoin and do you just not declare that as income?

If what he saying is true, he probably has enough cash on his hands to cover all the merchandise sold via bitcoin and additional expenses so he wasn't forced to sell any of the bitcoin received.


I don't know about the others, but this whole story smells fishy to me as according to OP, on the very same day he implemented LN, 4 persons used bitcoin in his store.

I would like to thank the people who replied to my topic where I asked a few questions regarding the implementation of Bitcoin. Putting that aside, I have successfully implemented "Lighting Network" Bitcoin payments in my hardware store. Already 4 different persons have used Bitcoin as a payment today.

[UchihaSarada]

I don't know about the others, but this whole story smells fishy to me as according to OP, on the very same day he implemented LN, 4 persons used bitcoin in his store.

By looking at his post history as I saw he got many merit, I found he created many duplicated topics about accepting Bitcoin at his store.

More fishy to see he barely replied in his past topics. He simply created a topic to announce, update and he was out.

[Bananington]

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention.

It is good that you have not faced any major challenge, but you should be afraid also if you have not yet experienced any challenges, because challenges are always expected to happen in business and with mostly new introduction to a business, that is when new things are introduced. If you have not faced any challenge, expect them and hope that the day they come, they do not become challenges that you are not ready to handle.

I'll HODL until the day I die.

They say HODL as much as you can, not HODL till you die. What will be the point of holding bitcoins until your death when it has no use to you then?

[Husires]

@OP I hope you are honest, otherwise you may get a negative trust that may lead you to not be able to participate in any future signature campaign or benefit from the merit points you have collected.
+ people will not help you in the future.

I am out of words

They seem to be posts to get merits, unfortunately I believed it and may do it again if he creates the same topic.
How did you manage to remember him?

[Coin_trader]

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it.

How is that possible? If you run a store, don't you have expenses and obligations towards the state and your employees (salaries and taxes)? Do many people come to your store and pay with bitcoin and do you just not declare that as income?

Agree on this. I have a shop accepting Bitcoin myself and the only I manage to not convert Bitcoin payment into Fiat is because I use my job salary to cover it so that we will save transaction fee. This kind of update seems too good to be true and everything seems a very fancy story.

I’m having trouble myself on getting client that pays Bitcoin despite my customer is purchasing via online. I wonder what kind of hardware he has which attracts buyer to purchased using Bitcoin since most of the customer of hardware is non-techy person since they are involved on hard labor.

[livingfree]

That's certainly a little update you've made.

I hope that it goes well and those questions that has been asked by our other co-forum members, you can answer that. Well, since you've said that you've accepted since 2021.

It's really curious to know on how much sales you've made from accepting bitcoin. The people that have paid you through it, well, you're not obliged to answer that but if so, you'll satisfy our curiosity. 

[Despairo]

I would like to know how much the percentage people are using Bitcoin and fiat in your store, also did these customers wasting your times by asking many questions to pay using Bitcoin? if not many customers are using Bitcoin and they're wasting a lot time, I don't think it's worth to accept Bitcoin as an alternative payment option.

@OP I hope you are honest, otherwise you may get a negative trust that may lead you to not be able to participate in any future signature campaign or benefit from the merit points you have collected.

Assuming if the @OP is lying and create a fake story, it doesn't deserve to get negative trust because he doesn't scam anyone or have a high chance to make people lose their money. If you want to leave a trust to his account, you need to use neutral trust, not negative.

[DanWalker]

I'll HODL until the day I die.

And I will tell you, bitcoin is useless to you. Bitcoin is money, it is just a tool to help us have a better life, it is not a religion or god for us to worship and never use it. Honestly, I invest in bitcoin because I want to have a better life, financial freedom, and control of my own wealth without government or bank intervention. I know, everyone has their own opinion, but I really don't like people making statements like that. I find it pointless to hold bitcoin, money, or any other asset to death, IMO.

[xSkylarx]

Can you give us like photos or data like shows how many transaction youve made like receiving bitcoin or like any graphics that makes us amaze. It is kind  of normal update and nothing more fancy on it but anyways congratulations on it i hope you still continue to accumulate it and  hold it until you die(I know it is just personification) but dont forget to spend it to treat your self or your store .

[lovesmayfamilis]

@OP I hope you are honest, otherwise you may get a negative trust that may lead you to not be able to participate in any future signature campaign or benefit from the merit points you have collected.
+ people will not help you in the future.

I am out of words

They seem to be posts to get merits, unfortunately I believed it and may do it again if he creates the same topic.
How did you manage to remember him?

I don't think OP can get negative trust. Fantasies are not punished here. In addition, I think he has a couple of accounts that also wake up from time to time and create beautiful stories, as a result of which he receives a good amount of merit. Look who the OP gave a lot of merit to.
But even this does not mean anything, since the OP is difficult to call a malicious spammer, on the contrary, he can be called a successful liar that periodically makes people believe him. Until he gave a single piece of evidence of his possession of the store, he is a liar. But he did nothing bad to anyone.
The question is different: how many people here are ready to believe him?

[DaNNy001]

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble , I'm out.

I.must confess, your story is quite convincing but I also remember it doesn't remove anything from you, for you to at least show the community some proofs when presenting a thread like this. I mean what you are doing is just increasing some users thought about the authenticity of your story and write up and I guess no one  is to be blame if they actually feel you lying about your story. I mean anybody who is good in thinking and structuring of lie could simply cook up a story like this and share it to the community in other to achieve so many goals which I believe such terms is classified as spamming in the forum. Bro if I were I would just make the thread and story a little bit realistic and maybe add up one or two images or proof to back up my claims.

[cryptomaniac_xxx]

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble , I'm out.

So it's like a 6 month journey accepting bitcoin as payment, good for you and up to now you are still holding on it and that is also very nice as obviously you know that we are going to enter a bull run in 2024-2025, so this is just a delay gratification on you and for those who are still holding their precious bitcoin.

Let me guess though, I reckon that you might have said like 0.1 BTC in that course as payment? 

[m2017]

Hello all, I wanted to give an update about my hardware store.

I started accepting Bitcoin payments in september 2021 and it has been a very nice journey learning about this wonderful invention. I recently invested in a ColdCard mk4 to keep my funds safe (using it fully airgapped). It really made me understand how Bitcoin works, I learnt that cryptography is literally what holds Bitcoin together, which I find awesome.

Unfortunately, I didn't follow your previous topics and I don't know anything about your store. What exactly are you selling?

I've built up a pretty nice amount of Bitcoin over time and I have never spent any of it (except when purchasing my coldcard). I know for a fact that one day Bitcoin will be worth so much more, cryptography is the future. I'll HODL until the day I die.

Really? Why do you need bitcoin if you are never going to use them for their intended purpose, namely, for buying and selling. Ok, for sale, you are using, but what about buying? Will you be satisfied with the feeling that you have a certain amount of bitcoin?

It's pretty nice too because customers who know about and pay with Bitcoin at my store tend to come back when they need to purchase something and pay with Bitcoin.

So yeah, this was my little update, thanks for listening to my ramble , I'm out.

What percentage of buyers pay in bitcoin? What do your customers say about being able to pay with it?

[kryptqnick]

Okay, if you're planning to hodl till you die, what's the point? It's like not having this money at all because money is a means of exchange, something you give to someone in exchange for something meaningful for you (goods or services). If you don't want to sell Bitcoin for fiat, it's okay. If you want to hodl for a while, it's fine. But hodling till the rest of your life is meaningless, unless you want someone specific to inherit the funds (they were never meant for your own benefit) and have made arrangements in place.
As for the update on accepting Bitcoin since September 2021, I'd like to hear more! Have you analysed the percentage of customers that pay in Bitcoin or the average number of Bitcoin payments you get per month/quarter? Is your revenue in BTC a sizeable amount, comparable to your revenue in fiat? It would be great to hear how accepting Bitcoin in a physical store works out for you in practice and how many people use this option. I'm sure I'm not the only one here who'd be interested to hear about it.