Accepting Bitcoin

[TimeTeller]

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.

There's no harm done if they will try to accept bitcoin in their tailoring shop.
But the OP should check out the legality of the use of btc in their country.
If they have no sanctions towards the use of btc, that's fine, and there's no punishment regarding the use of crypto.

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[lalabotax]

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

Do you mean that your country does not allow the use of Bitcoin as a currency or means of payment? If it's not allowed, in this case it's illegal, isn't it risky for your mother's tailor business if you openly accept Bitcoin as a currency? And what about the environment in your area, do many people know and use Bitcoin? Indeed, the desire to introduce Bitcoin to more and more people is a very good thing, we are very supportive. But keep it in portion and not push too much. But if indeed this is possible and will not be a problem for you and your mother's next business, then continue and be patient until more and more people know and use Bitcoin.

then for the problem of holding Bitcoin, this can be done anywhere and anytime so there won't be a problem in my opinion.

[romero121]

Accepting bitcoin into business is always a right choice, but it needs to happen in one's own business. In my understanding the mom should be taught about bitcoin, and then it is her own interest that needs to make her accept bitcoin. Getting into his mom's business is not good choice. OP could learn and develop something and offer services in exchange for bitcoin. Already there were good number of services offered by people in exchange for bitcoin. Even there is a thread in which a person from Nigeria that have been accepting bitcoin into her tailoring service.

[Stalker22]

I intend on explaining it to her first then if she agrees I will pay for the Bitcoins she gets from customers

But in your first post, you mentioned that "Bitcoin investments in your country are not easy due to your currency value, and the government is not very supportive." So, if investing in Bitcoin is challenging in your country, how do you intend to buy bitcoins from your mother? Moreover, if your country does not support Bitcoin, it is unlikely that it's even legal for your mother to accept bitcoins as payment for her services.

If you have the funds, my suggestion would be to purchase BTC directly from a seller. It is best to respect your mother's wishes and not involve her in this service if she is not comfortable with it.

[serjent05]

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 would be best to see the effectiveness of accepting Bitcoin as option of payment to your mom's business.  Together with that, your mom must also learn how Bitcoin payment works so I suggest that you learn about bitcoin as currency and how it can be beneficial to your mom's business.  It is not about you wanting to invest in Bitcoin but rather how Bitcoin will help your mother to cater more customers.  If you are able to provide result from studies that accepting Bitcoin is beneficial to your mon's tailoring business then I your mom will consider your suggestion.

[ajiz138]

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.

The OP didn't mention which country it was, but only a few countries that accept bitcoin as a means of payment can be said to be counted as countries that legalize bitcoin while there are many prohibitions on bitcoin in various countries, so if the OP is in a country that prohibits bitcoin as a means of payment then it will be difficult and it is true that you said that potential problems will come later if the government knows about it.

For me, who already knows bitcoin, who doesn't want their business to accept bitcoin, but this is constrained by several state regulations that make it difficult for them to adopt bitcoin for payments, but it would be better if it comes from a physical store income and then invests in bitcoin, so that method is also good for future.

[albon]

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

Suppose your government does not give Bitcoin acceptance and a green card. In that case, it is not a good idea to make it the primary payment method for your mother's tailoring shop. Also, the customers can deceive your mother because she does not understand anything about Bitcoin and its transactions and the like. I advise you to make the tailoring shop payment method in any acceptable currency in your country by the government, and through the store’s revenues, you can invest in bitcoins; there are many safe ways, such as exchange platforms and others. Also, if you want to invest in Bitcoin and you and your mother do not blame you for wasting the store’s revenues because, as you know, the Bitcoin market is volatile and involves risks. You have to gain experience, learn the basics of investment, educate yourself from popular books and YouTube, and then invest what you can lose, not the entire revenue, but the small amount you want to hold for the long term.

[EFS]

Accepting Bitcoin for goods and services are banned in Türkiye. If your country have similar laws you can't accept Bitcoin. Otherwise there is no reason to not accept it. In fact, making such an innovation puts you one step ahead in that sector. Of course, the country also needs to be advanced in Bitcoin awareness and ownership.
This is of little use if the number of Bitcoin users in your country is low or the internet usage rates are limited.

[lienfaye]

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

The Government is not supporting but I assume it's not prohibited so you can still use Bitcoin, am I right? As you've said, you're convincing your mom to accept Bitcoin as payment, that means the customers can also use it without issues about the legality.

Well, there's always a way to accumulate Bitcoin if you really want to. Accepting Bitcoin in your mom's tailoring shop is another one, however since it's your mother's business, I think she prefer to get paid through fiat. Thus, you have to explain the pros and cons incase she agreed. We know Bitcoin is high volatile and the value can turn ups and down so it's a must that she understand this before making a decision. Unless you're willing to pay her cash and you'll be the one getting the Bitcoin since you also want to invest.

[CryptoBuds]

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.

If bitcoin is not legal or restricted in OP's country, then it's better not to use bitcoin for his mother's business. Using p2p and quietly does not benefit his mother's tailor shop, on the contrary, it is more risky. It's a disproportionate trade-off in terms of what we can lose and what we can gain in return. Instead, the OP should convince his mother to learn about bitcoin and possibly use the money to invest bitcoin silently.

OP, as you say, your country's currency is seriously depreciating, I would recommend investing in bitcoin or other stable assets if you don't want more trouble in the future.

[Patrol69]

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 illegal in your country, accepting bitcoins at your mother's tailor shop may be a bad decision for you. Because accepting bitcoins in your tailors shop will create a lot of discussion around you due to which you may get into administrative trouble. To avoid this administrative hassle you can take another approach like you can convert the amount of money that your mother gets from the tailors shop to Bitcoin so that no one but you will know about your investment in Bitcoin. If you can be patient and regular and hold that investment then the future will be positive for you.  .

[bayu7adi]

Does your mother understand Bitcoin? Is she not afraid of Bitcoin's volatility?

Accepting Bitcoin payments cannot be prohibited in some countries, as long as there are no laws explicitly forbidding it. However, this is not about our idealism concerning Bitcoin. We might obtain something more advantageous than embracing a new payment method.

I do not intend to paint a negative picture when you use Bitcoin as a payment gateway. But please understand that there are other ways to utilize Bitcoin and regard it as an investment asset. It would be wise for you to carefully consider your decision to adopt Bitcoin as a payment method in your mother's tailor shop.

[laurenB7742]

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 illegal in your country, accepting bitcoins at your mother's tailor shop may be a bad decision for you. Because accepting bitcoins in your tailors shop will create a lot of discussion around you due to which you may get into administrative trouble. To avoid this administrative hassle you can take another approach like you can convert the amount of money that your mother gets from the tailors shop to Bitcoin so that no one but you will know about your investment in Bitcoin. If you can be patient and regular and hold that investment then the future will be positive for you.  .

From what he said, their government doesn't support bitcoin, they don't ban it outright. But since this is his mother's shop, I think it will be inconvenient to apply for bitcoin payment because it is also a problem to convince her to learn about bitcoin because old people still like to use fiat.
I encourage OP to invest and store bitcoin instead of fiat because fiat is dying as we all know. But it would be better for him to invest the money than to convince his mother to accept bitcoins for the shop. I have the same advice for OP as you.

[rat03gopoh]

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.

But isn't there another process like verifying transactions, right? OP's mom's ability needs to be questioned first, if she's not too old then teaching the things needed to adopt bitcoin in business might not be too bad. Most of the older people in the neighborhood aren't very used to operating e-finance apps, there is skepticism everywhere about this.

[Oasisman]

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 can see a little bit of contradictory statement here. You said it's not easy to have bitcoin in your country plus your government does not support cryptocurrency - so that means, there are only a slim chances for people to choose to pay in bitcoin.
Not unless if your tailoring service caters a massive amount of clients, big clients who pays in bulk orders, then I guess there might be someone who is wealthy enough to have bitcoin and may possibly use it to pay for your service.
But good luck in convincing your mom anyway. That won't gonna be easy.

[rojan]

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.

Investing in Bitcoin is not a difficult task. But investing for a long time is a difficult task. I have seen some investors who can't wait long after investing and sell them for some reason. I think investing requires enough time and patience.  If there is, money can be made successfully. And if you lose patience and sell, there will be a possibility of huge loss. We always have to investment carefully.

[Litzki1990]

Since you have enough interest in investing in Bitcoin, you can invest in Bitcoin in any way you like. As per your description your mother owns a tailors shop and you have not mentioned any of your work here so we understand that your family depends on your mother's tailors shop. You need to think about how much support you will get if you start trading bitcoins at a tailors shop. Because if your mom's customers don't know much about Bitcoin, introducing a Bitcoin transaction system in your tailor shop won't do much good. In this case, you can invest a part of your mother's monthly income from your mother's tailor shop and the money that survives without family expenses and other expenses in Bitcoin and save the other part. If you can do this then your investment dreams will come true and you will be able to save some money for future.

[Reatim]

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

Never force anyone to invest in bitcoin mate . better to let your mother learn crypto first and understand what is underneath so there will be no blaming when bitcoin goes downwards than upwards.

Does your mother understand Bitcoin? Is she not afraid of Bitcoin's volatility?

Accepting Bitcoin payments cannot be prohibited in some countries, as long as there are no laws explicitly forbidding it. However, this is not about our idealism concerning Bitcoin. We might obtain something more advantageous than embracing a new payment method.

I do not intend to paint a negative picture when you use Bitcoin as a payment gateway. But please understand that there are other ways to utilize Bitcoin and regard it as an investment asset. It would be wise for you to carefully consider your decision to adopt Bitcoin as a payment method in your mother's tailor shop.

that is correct , she must know this first .
and also the risk of crypto , there are many that gets nothing but losing that those who earn because they are pushing to understand this market instead of learning little by little.

[Mr. Magkaisa]

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 Bitcoin is not easy there in your area or country? Why is Bitcoin ban in your country? So don't even think about convincing your mother about Bitcoin because you have no obligation to do that and Bitcoin is not designed for that.

Why is your currency too weak when it comes to dollar exchange? What country are you in mate? But you know I think you still need to go a lot deeper into learning about Bitcoin first, just in my opinion.

[Nwada001]

I would appreciate any advice on this my move

You intended to convince your mom to start accepting Bitcoin in her tailoring shop? It might sound like a good idea, but to me, it is actually not one.
First, the business is not yours; accepting Bitcoin in a business is in the owner's best interest if the owner of the business is the one who wants to start accepting it, so full responsibility will be on the owner. If there is anything negative that comes after, no one will be to blame.
 
You convincing your mother into accepting Bitcoin in her tailoring shop means you are going to assure her about the only positive things it comes with without letting her know about price movement or how to manage her wallet. If she happens to agree to your idea and start accepting Bitcoin as a payment option, what do you think will happen if she wants to make use of her funds, which are in Bitcoin, and as of the time she wants to use them, the Bitcoin price is down? She will have to hold you responsible for misleading her into doing something she never planned on doing.
 
To me, it will be good if you could just tell her what Bitcoin is, how it works, the little benefits it comes with, and the risks involved, and then allow her to make her own choice if she wants to start using it in her daily life or not. That should be a choice she needs to make on her own.