Accepting Bitcoin

[Ryu_Ar1]

I don't really understand about the word not much support in this case, is it really something that allows prohibition or not. because if it is interpreted by not supporting the same as prohibition then why force this to be a means of payment there because investing alone is very difficult if you see from your story, what do you expect from trying to make this a means of payment for your mother's sewing shop because it will make it even more complicated actually.
I would rather you work on yourself than dragging your parents into this because if there is a ban in the end then your mum will also be dragged into this.

[cabron]

How about you also do the Taylor services and you be the one who accepts BTC. This however is not a guarantee whether there are people going to shops and paying in BTC, is the adoption good that crypto is very common in your country?

Since it's not banned, my guess is that there are apps that citizens can use to make transactions already, this is gonna make stuff easy for you.
One suggestion is to meet up with the local board members from your country and buy some BTC from them.

[Mate2237]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

What do you mean when you say its not easy to buy bitcoin because of currency value ?
It doesn't matter what is the currency value unless you are from Venezuela.
If there are people interested to buy/sell bitcoins then you can surely buy some BTC for yourself.

Op is lieing. This is just a fabricated story. Bitcoin investment is the easiest thing to do. And the only thing that can make it difficult to invest is network. When you want to invest and there is no network in the location you are, then it will be hard for you to invest.  But if there is network then you can buy from exchange and sell it from the exchange so what is there that is making it difficult. When you talk about the value of the National currency then you are not ready to buy bitcoin. This is where I said your story is fabricated because the more your country currency is devalue the more bitcoin price is high the country so you use the amount you have to buy the unit of bitcoin you want.

[Frankolala]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop

Are you sure that you wouldn't be putting your problem into problem here because if she get caught by the government she will be arrested. Don't rush into it,first tell her the basic concept of bitcoin and allow her to decide if she will adopt it or not. You should also put in mind that bitcoin volatile nature makes it risky to accept it in business. If they understand the risk involved then she can make her choice.

 

i Also intend on hodling those Bitcoins

Which bitcoin do you intend to hold ? Those bitcoin that your mom will be paid with in her business ? Then you must be kidding me,what if your mom don't listen to you. This means that you depend on your mom to be a bitcoin holder. Big up man,your mom's bitcoin isn't yours,you should try and buy yours so that whatever happens to your investment,you bear the risk alone and don't invest with your mom's funds. I am just kidding, if she accepts you should make sure that you keep it safe in a noncustodial wallet,where only you have access to your bitcoin.

[jrrsparkles]

am currently working on convincing my mom to accepting Bitcoin in her tailoring shop

What is the method, and who will prepare and organize the acceptance?

A Bitcoin wallet and printed QR code of the address is enough to organise this payment system however I won't really force others income to invest on something that I am interested in. And how can you hold the assets of someone even if it's your mom especially when the asset is highly volatile which will definitely not suitable for small scale level business or unless your mom has other income source and the tailoring income is just going to sit in the bank account.

[SmartCharpa]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

You can start investing in bitcoin with the smallest amount you have if you really want to. It doesn't matter how much money your country's currency is worth; Similar to my country, the government does not support bitcoin because it is illegal, a lot of investors nevertheless keep making investments. You can't let the government's rules prevent you from achieving your goals, so if you really want to invest in bitcoin, you can start with the smallest amount you have.


Do you believe it was a smart idea to convince your mum to convert her business to a cryptocurrency by having her functioning shop start accepting bitcoin? Does she know about bitcoin? If you really want to persuade her to embrace bitcoin, I think you still need to explain to her the risks involved because the majority of parents don't comprehend it or know its value.

[Hamza2424]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

A good initiative but I would like to say buddy don't force yourself and your Mother as well, because we know it's a risky market I know BTC is far more reliable but as you know if you need money and market dumps it can be troublesome for you and family. Still, currently, the market is in good motion so giving it a Try is not a bad idea. But you said you are interested in the Holding then I would strongly recommend you rather than putting those assets in a savings account BTC is a more valuable choice.

[WatChe]

A good initiative but I would like to say buddy don't force yourself and your Mother as well, because we know it's a risky market I know BTC is far more reliable but as you know if you need money and market dumps it can be troublesome for you and family. Still, currently, the market is in good motion so giving it a Try is not a bad idea. But you said you are interested in the Holding then I would strongly recommend you rather than putting those assets in a savings account BTC is a more valuable choice.

I think OP need to revisit his idea of accepting BTC as payment option since the government is not in favour of Bitcoin. There is nothing wrong in HODLing coin for long duration but since you are violating the law by accepting Bitcoin then anytime you can be in jail. Its not something surprising for me as there are many countries where Bitcoin is not allowed legally, so staying precautionary is best option. There are ways to grab Bitcoin even if its not allowed in your country like by participating in signature campaign on bitcointalk.   

[sokani]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

What do you mean by saying Bitcoin investment in your country is not easy? Is it illegal? If it is then I don't think it's advisable to encourage your mom to accept Bitcoin as a means of payment in her local business, to avoid get getting into problems with the authorities. You also talked about wanting to buy Bitcoin, what's stopping you from making the bold step? Don't you think it would be wise for you to buy and hodl first before encouraging someone else to do same? Don't forget to enlighten her about the volatile nature of Bitcoin and how to keep it safe.

[Aikidoka]

Why is it not easy to buy Bitcoin as a currency? Does it relate to the value of the currency? I don't understand that point and I hope you can explain it more. Could it be that the government doesn't allow people to buy crypto, or is there another reason?

If you want to convince your mom to accept Bitcoin in her shop, it's a great idea but you should also have a clear understanding of how to use Bitcoin, especially when it comes to its security. Make sure to explain all the details of how Bitcoin works to your mom so that you don't encounter any issues later on. Overall, conducting business using Bitcoin is a good idea, but do you think there are many customers in your country who use Bitcoin? and are they interested in using their Bitcoin?

[salad daging]

If you want to invest then do it yourself don't drag your parents especially if they don't understand of course this will be even more difficult to give the basic lessons to them and why do you want to invest while your parents are involved?

Does your country ban bitcoin, so you say it's not easy? If that's the case then never force your parents' business to accept bitcoin because it will face the government if caught because it is clear bitcoin in the country is prohibited.

Let the tailor's business that you manage and accept fiat money, while you can by yourself buy bitcoin with P2P exchanges.

[MiF]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

It is very simple to buy bitcoin why you say its not easy to invest in bitcoin, i think you are in a country that is not very much rich and you mean to say that you need a big amount of money in your curency to invest in bitcoin, your idea is good that you will accept btc on your tailoring shop and hold it the problem there is how long you can hold it bitcoin is high on volatility.

[Pokapoka124]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

If bitcoin is not accepted in your country, then it’s definitely not a good idea to start accepting bitcoin as means of payment in your business. If bitcoin is legal in your country, you should also consider how popular it is in your community and how receptive people will be of the idea of bitcoin payment.
Instead of convincing another person to accept bitcoin, you should start buying bitcoins for yourself in little fractions. Don’t fall into the trap of thinking the price is too high, it’s not a must to buy a whole bitcoin, you should buy only what you can afford.

[The Cryptovator]

If you plan to accept Bitcoin as a form of payment in a physical store, it indicates that your government permits the use of Bitcoin in your country. Without such approval, accepting Bitcoin as a payment method would be extremely challenging. It is crucial to adhere to government regulations to prevent any potential issues. Nonetheless, embracing and holding Bitcoin is a commendable step forward. It would be beneficial to assist your mother in understanding Bitcoin, enabling her to manage payments seamlessly.

[jeraldskie11]

I really admire those people who accepts Bitcoin payments. We know that it's a little bit hard to convinced people to pay using Bitcoin because most of them didn't know about this. So the best idea in order to make customers pay Bitcoin is to teach them about it, how to pay and how it benefits them. I know it's hard at first but trust me all your hard work will pay off in the future.

[Mr.suevie]

I really admire those people who accepts Bitcoin payments. We know that it's a little bit hard to convinced people to pay using Bitcoin because most of them didn't know about this. So the best idea in order to make customers pay Bitcoin is to teach them about it, how to pay and how it benefits them. I know it's hard at first but trust me all your hard work will pay off in the future.

The problem in some places is not actually the will to accepting bitcoin in your business but the major factor would be, are they bitcoin enthusiasts around in your locality that are willing to pay for services or business with their bitcoin knowing fully well that it is even prohibited by some government. But indeed having a business that accept bitcoin is a plus one to anyone who actually knows the full value of bitcoin.

[blackened515]

If you plan to accept Bitcoin as a form of payment in a physical store, it indicates that your government permits the use of Bitcoin in your country. Without such approval, accepting Bitcoin as a payment method would be extremely challenging. It is crucial to adhere to government regulations to prevent any potential issues. Nonetheless, embracing and holding Bitcoin is a commendable step forward. It would be beneficial to assist your mother in understanding Bitcoin, enabling her to manage payments seamlessly.

Mothers are the best gift of nature, if I happen to be in OP's shoes, I will do everything humanly possible to provide for her needs and wants to the best of ability. Buying bitcoin in countries where there's presence of strong prohibitions, we tend to face challenges in bagging bitcoin, however there's always a way out. Bitcoin is a top coin that ought to be used in developing and develop countries. Although some of these government issues restricted laws on the project because feared that it might surpassed their fiat currency.

[Bushdark]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

I still don't get why you want to convince your mother that is a tailor to invest in Bitcoin when you yourself does not have concrete understand about Bitcoin or it folks. You don't need to impress us or don't things that will make you look silly as a member of this community. You don't need to convince the innocent woman doing a work to earn money to pay her bills and face life challenges. The question is that must you force it convince her to invest in Bitcoin?

Can't you hustle your fund and use it to invest in Bitcoin since you are the one bringing the idea to her and the family to take a look on investing in Bitcoin. Ha e you ever asked yourself what if she invested and the falls drastically, what are you going to tell her?

[Yatsan]

Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move

To be clear, is it restricted to use in your country or is it jist that governments are not supporting its isage by means of advertisement and such? 'coz if it is just neutral then you're good to buy and hold it. And also, it would be better for you to make your own way to saave money than to push your mother to invest. First of all, it depends whether your parents are even aware of whaat Bitcoin is; not only awareness but also be knowledgeable of it in order for them to understand the advantage of doing so. Next is with business, ofcourse we would like this currency to be used as a mode of payment but if it would not be causing profit (volatile market price) from doing so, then you should understand it as well if your mother would refuse. A shop needs money for it to revolve in the business and it won't be easy if its funds will just be put in another investment.

[CryptSafe]

If you plan to accept Bitcoin as a form of payment in a physical store, it indicates that your government permits the use of Bitcoin in your country. Without such approval, accepting Bitcoin as a payment method would be extremely challenging. It is crucial to adhere to government regulations to prevent any potential issues. Nonetheless, embracing and holding Bitcoin is a commendable step forward. It would be beneficial to assist your mother in understanding Bitcoin, enabling her to manage payments seamlessly.

As OP said that their government frowns at Crypto which means that there is a possible ban or restrictions on Crypto placed by the government in their country and at such, they should apply caution if they should make bitcoin a payment option because if the government should get rid of it, it might cost them alot but if OP insist on accepting bitcoin, then p2p would be the best option and should be done quietly.