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

[Oneandpure]

Seems amazing with your business have accepted bitcoin in September 2021 and more than one year keep exist priority bitcoin as currency payment, but would be better when you explore about how percentage chart your business growing up after accepting Bitcoin as payment tender.

I am little doubt with many respond above need your proof from transaction or you have picture showed about how your business accepted bitcoin and want to know your costumer feedback, are them happy when transaction using bitcoin as payment transaction than usually using fiat for all transaction. Lets clear here and respondens will believe with your story.

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[Lucius]

~snip~
I'll HODL until the day I die.

Maybe you will leave all your wealth to your children, there is nothing wrong with that - but on the other hand, money is to be spent and to fulfill some wishes in life, not only for yourself but also for others while you are alive.

I am out of words
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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

It would certainly be better if he just made an update to the last topic, but for some reason he decided to open a new one. Maybe the OP doesn't know how to find his old threads, and I wouldn't be surprised if this is exactly the reason for this behavior. Given that the threads are from 2021/22, I'm not sure how the mods would react - but if you think it makes sense, you can try reporting.

[alastantiger]

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.

Some time ago I read that people who accept Bitcoin as a payment option in their business have the advantage of seeing an increase in the revenue streams. So this update by the OP is just what everyone who needs that push to accept Bitcoin as a payment option in with your business next step would read to take the next step.  The OP.has already given two hints - 1. He/she uses a ColdCard mk4 to keep my funds safe. 2. And doesn't spend any of it. They Hodl. You too can take a cue from this. I am pretty sure that customers Who return to buy goods with Bitcoin, would also refer their friends.

One thing I that is missing from this update is the challenges the OP faced and is facing with this aside the price volatility.

[CoolBoybd]

Great work from you and I appreciate it as a crypto lover. I also want to pay in Bitcoin but in my country it's officially illegal to make any transection through cryptocurrency. And that's disappointed me a lot.

[jrrsparkles]

Great work from you and I appreciate it as a crypto lover. I also want to pay in Bitcoin but in my country it's officially illegal to make any transection through cryptocurrency. And that's disappointed me a lot.

If its completely illegal then keeping bitcoin under your custody can be punishable too so make sure you don't leave any traces which linked with your KYC wallets like exchange's wallet that is the only possibility for the government to track your real identity until that keep Holding surely there will be a day when government forced by the people to make it legal then you can spend bitcoin as you wish until that keep accumulating as OP.

[lionheart78]

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?

I think not all sales are paid in Bitcoin and most probably only a certain percent of the total sales is paid in Bitcoin and the profit that were paid in cash can cover the one that is paid in Bitcoin so it is really possible that he can just keep the BTC and recycle the profit from the cash purchases.

Okay, if you're planning to hodl till you die, what's the point?

I think that is just an expression that he is willing to hodl Bitcoin for decades.  Besides if @OP earns enough from his Business then it is possible that he can hodl BTC and pass it to his favorite kids or grandchildren. People who have enough can keep any investment untouched until the day he needs fund badly.

[The Cryptovator]

It's not necessary to create a ton of threads, though. Simply you updating your old thread will cut down on spam. It's great that your business accepts Bitcoin payments. Therefore this is a win-win situation. You are indeed adopting Bitcoin and receiving payment in it. It has assisted in introducing Bitcoin to new people. Keep it up.

[Fivestar4everMVP]

If you are gonna be holding bitcoin till the day you die, please don't forget to let your family know about where you store your bitcoins and also how to access it, else, all that you labored to achieve while you are alive will simply end up being a complete waste and loss to your family, aside the business you are leaving behind.

And next time, an update like this is better done on the same thread where this same topic started from, creating a new thread to post an update on something you've discussed about before in another thread, doing this could be considered as spamming and merit phishing.

[Furious 7]

His condition is still the same as the others who have done the same thing by doing that.
I'd still say it's pretty good and really doable but on the other hand threads like this are too many now and why not just do it in one place where there is already just for sharing and merging.
I'm okay with this because it's possible that you have long term plans to make some updates but judging from previous threads the updates weren't even there which I think is just one way to put the action and writing to merit.

[Yatsan]

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.

As others have mentioned, if your intention is to encourage people to do so, it would be much better showing proofs or hints of the progress. Not to doubt but I really think it will be hard to sustain a business such as what you have said; you did not spend any amount, then how come you have sustained your hardware shop? How did you manage to buy stocks for your store? This would only be possible if your supllier also accept crypto as mode of payment but would still be in contrast of not spending any amount. You may enlighten people having the same question.

Accepting this technology as a mode of payment is just okay as long as you will be able to sudtain it such as with maintaining it in general. On my end, i view the possibility of doing so, thru service-baded business wherein dervice is being paid but I doubt if it would be on sales 'coz you'd be needing to refill what your customers have bought from your store. Keep in mind that converting your crypto is situational due to the market price volatility wherein there is always a better time to do so and times you'd hesitate.

[Artem Sereda]

Seems amazing with your business have accepted bitcoin in September 2021 and more than one year keep exist priority bitcoin as currency payment, but would be better when you explore about how percentage chart your business growing up after accepting Bitcoin as payment tender.

I am little doubt with many respond above need your proof from transaction or you have picture showed about how your business accepted bitcoin and want to know your costumer feedback, are them happy when transaction using bitcoin as payment transaction than usually using fiat for all transaction. Lets clear here and respondens will believe with your story.

Accepting payments in cryptocurrency always empowers your customers. It is also very convenient, and nowadays very easy. There are various plugins or cryptoprocessors. They do not raise much doubt since they do not use your personal information, use a large pool of cryptocurrencies other than bitcoin, don't have transaction fees, allow partial payments, and much more. For example, this crypto payment processor - good option