Bitcoin investment is kind

[FinePoine0]

Cryptocurrencies will continue to improve day by day in the future and Bitcoin will reach its highest growth target. Because in the modern era, now people will be touched by modernity, so it is very important to use bitcoin at this time, the more people use bitcoin, the more the number of transactions will increase and the mempool will continue to increase. A few coins in particular have pumped so their transaction fees increase slightly as transactions increase. So OP you are going to open a store that's great but you need to see if Bitcoin is legal in your country. If bitcoin is valid then you can openly accept bitcoin payments.

[salad daging]

This is the challenge for you with a vehicle spare parts store that accepts bitcoin payments but the mempool is really unfriendly, I'm sure your customers don't want to pay more than $10 per transaction, even if it's $2 I think your customers might be a little reluctant.

Then there are suggestions with lightning network payments, as we see in some Europe that has implemented it, but I don't know whether the Lighting network will be more widely used than onchain or not, because the lightning network is not yet fully perfect, there are still some shortcomings that I know.

Unless you prepare other altcoin options, and bitcoin payments are still there but it's up to the customer to choose which one.

[komisariatku]

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

Glad to hear you plan to accept payments in bitcoin, this is a good move especially if your country legalizes transactions using bitcoin. The problem is that transaction costs are still quite high, in my opinion it's just a matter of time until transactions return to as low as before. Apart from that, because you also accept payments in fiat, there is no problem because your customers can use fiat if they object to bitcoin transaction fees which are still quite expensive.

What you are doing indirectly is promoting bitcoin and this is a small step that will bridge between people starting to know bitcoin and being able to use bitcoin for their needs. Hopefully you can do and apply it well to your business. Goodluck buddy

[Adbitco]

Even as that there could be cryptocurrency payment option not only bitcoin because with the current network congest people would start asking over other network to pay with just as what is going on currently here in the forum where must of the manager's are looking for the other alternatives to pay their participants, if you only leave the option of bitcoin without including other currencies then i must say you will face a serious downtime for the network to scale through those your transactions or those that wants to pay with bitcoin. Even as that at the meantime you can use fiat to start with maybe when the network is free then people can start choosing that option as means of payment.

[Smack That Ace]

Where are you based by the way? Just don't commit the mistake of launching your vehicle parts shop that only accepts Bitcoin payment. If you do that, your shop might have few to zero customers. But if you accept Bitcoin payment alongside fiat payment, card payments, and other online payment options, then there's no problem and you are probably good to go. The mempool is still congested with more than 300,000 unconfirmed transactions. Fees are still high. This might discourage your customers to pay in Bitcoin.

I would even consider it a bad idea and that he is destroying his business if he just uses bitcoin as the sole means of payment for his auto parts store. Even if the mempool is not congested, bitcoin transaction fees are cheap, I believe it is still not common for people to use bitcoin for payment in most countries. Bitcoin should just be an alternative means of payment alongside fiat, it cannot completely replace the role of fiat money these days and we need to accept that reality. If OP does this then he is really hindering his own work.

[kojektea]

it's good if emotions are controlled. for example, we are ambitious people who want wealth quickly. People like this are not very suitable for investment here, even when I tried at the beginning I always lost money just because I sold too quickly. when I held it went down but after selling it went up. This is just a matter of trust in predictions and patience in consistently taking profit targets. As long as emotions are stable then it's time for crypto investments to run smoothly, this is very good for people who are early adopters who will definitely be helped a lot by that.

[Asuspawer09]

Probably many people has invested in bitcoin and they got profit and some also got loss for the investment, also some people have converted their business payment with bitcoin instead of making payment with fiat currency but nevertheless you can not decide to follow a steps of someone who benefited with bitcoin and open a shops and demand payment with bitcoin,

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

For me as an investment, Bitcoin was actually great when it comes on investing, its probably one of the one investment that could easily gives you profit if you are lucky, and compared to other cryptocurrency Bitcoin was probably the safest cryptocurrency investment that you could do.

But when it comes to using Bitcoin as a mode of payment in a business I do think that it is not yet ready for that since there are so many things that is not right until now, like what you mentioned the fees have a lot of problems, especially today where the fees could skyrocket when the network was congested if your going to use that on your business that could easily be a problem in the future, Also if your going to accept Bitcoin as a payment that is just way too risky since its a business you always need to have liquid cash if something occur, but if they use Bitcoin as a payment you cant really just sell it immediately since that is just going to lose you money, accepting Bitcoin as a payment means all of that payments are going straight as your Bitcoin invement.

[CageMabok]

Probably many people has invested in bitcoin and they got profit and some also got loss for the investment, also some people have converted their business payment with bitcoin instead of making payment with fiat currency but nevertheless you can not decide to follow a steps of someone who benefited with bitcoin and open a shops and demand payment with bitcoin,

Every person who has made a new step in their own business must have previously given good consideration to the step they are creating. As you have said, there are some people who have converted their currency to Bitcoin as a form of their business in terms of investment and there are also those who have directly invested in Bitcoin without having to make any form of conversion. And for those who want to accept Bitcoin as payment in businesses they manage themselves, this is something that is very common in several other shops in the world.

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

It seems like you have a better plan for yourself at the start of next year and also want to make a big change by accepting Bitcoin into your business payments. I also feel quite impressed with this because I also have a hobby of modifying the motorbikes that I have so that all the motorbikes that I use now are really no longer in factory standard condition.

[lovesmayfamilis]

I’m wondering: are there really people now who will pay with Bitcoins? Knowing the commission prices. And then, people who own Bitcoin probably purchase it as an investment; that is, they are interested in long-term holding. Are auto parts such a scarce commodity that you need to spend bitcoins on them?
OP, no offense, but I wouldn't buy with Bitcoin. Now it's more of an investment, but you, OP, can continue; everyone has the right to a dream.

[Gaza13]

Where are you based by the way? Just don't commit the mistake of launching your vehicle parts shop that only accepts Bitcoin payment. If you do that, your shop might have few to zero customers. But if you accept Bitcoin payment alongside fiat payment, card payments, and other online payment options, then there's no problem and you are probably good to go. The mempool is still congested with more than 300,000 unconfirmed transactions. Fees are still high. This might discourage your customers to pay in Bitcoin.

It's true what you say, of course someone will think twice about transacting this asset with fees that are still quite high. Personally, of course I don't want to pay for Bitcoin, because I know this asset is very, very rare, so now it's better for me to hold it for a longer period of time. Of course, as a customer, it's better for me to just use cash, because the cost difference is enough to buy another product.

For Op, the breakthrough is very good in the Crypto currency payment industry, but you need to remember that if you make transactions with customers, what do you do with Bitcoin and hold it longer or what?. As we know, prices fluctuate greatly. What if prices fall sharply, Do you have emergency funds to cover product shortages in your store?

[bitzizzix]

I think you are taking a good initiative and it seems like you are also very enthusiastic about Bitcoin, so you plan to use Bitcoin as a means of payment or transaction in the vehicle spare parts shop that you will set up.
And I hope that the problem of increasing transaction costs will not be an obstacle in carrying out your initiative, the important thing is that you have introduced Bitcoin by implementing alternative payments or transactions using Bitcoin in your business. And hopefully your business will soon be carried out according to your plan, and without any obstacles, and regarding the problem of expensive transaction fees, we all hope that this problem will recover quickly and return to normal.

[moneystery]

current fees are not very friendly to senders. just imagine for now, if you make a transaction, you will be charged a fee of 8 dollars and i'm not sure that any of your customers will want to pay fees of that amount just for their transaction. unless they send bitcoin via binance pay, perhaps fees won't be a problem for them because it's free.

and you can consider opening payments for altcoins. because with the increasing number of crypto payment options for your customers, maybe they will be more interested in paying with you in crypto. you can use binance or other exchanges for these payments and easily convert them directly to bitcoin if you want. but if that's too complicated for you, sticking with bitcoin payments is fine too.

[passwordnow]

So myself I have decided to launch a vehicle parts shops in my city by January 2024 and I have decided to use Bitcoin as one of the criteria of payment because of what I'm seeing for bitcoin increment and my country that permit for cryptocurrency transaction in my country, secondly I want to start having my own bitcoin with the payment of my vehicle parts, I don't know if mempool of bitcoin I have being hearing will still continue by next year 2024 because I sense that it's what will bridge people not to make a payment with bitcoin if i open by January 16th, because all the necessary arrangements has already put in place and  awaiting for January 16th to open officially.

It's okay that you will accept Bitcoins for paying for those vehicle parts that you will sell. That's just gonna be another alternative for your customers but whichever they prefer to pay you then that's okay. You'll just have to display the QR on your shop and put the logo of Bitcoin because it adds exposure to Bitcoin there and who knows if you'll be able to meet other people that are bitcoin investors there too.

You can just give them a warning that paying right now is going to cost them some bucks. And it's up to you whether you'll add also some other payment options for altcoins or stable coins and then when you think that the time is right, you'll be the one to convert it to Bitcoin if ever you think that you'll be investing on it because everyone is aware of what's coming to Bitcoin.

[traderethereum]

With the high cost of bitcoin transactions now, people feel uncomfortable using bitcoin as a means of payment. They would be happier if they could pay using fiat and keep their bitcoins as an investment.
Later, after transaction costs decrease, they will want to use bitcoin as a means of payment.
But a bitcoin investor would rather keep his bitcoins than pay for what he bought, especially if he doesn't have a lot of bitcoins.
But that is @OP's wish and hopefully his customers will use bitcoin to pay for what they buy.

[kryptqnick]

It's always nice to see businesses adopting Bitcoin as a form of payment. Your shop sells parts for vehicles, so I assume transactions won't be particularly small? In that case, on-chain fees might be okay, although it can still be inconvenient for people to wait for a transaction confirmation if you simply use a BTC address. So you'd need to figure out for yourself how to do it best. Maybe an off-chain solution, maybe pre-payments online, maybe zero-confirmation transactions below a certain amount of money.

[yazher]

Of course, those who took the risks and didn't care about all the FUDS that have been happening in the crypto market throughout the years are living their happy life right now because they are patient and know exactly what to do whenever bull runs occur. in the end, they are the ones who always get high profits from that event and when the price of bitcoins goes lower, they mostly buy a decent amount of it and repeat that cycle of investment until they get enough profit to withdraw it and enjoy their earnings. It's as simple as that but most people don't want this investment so they often fall into the trap of altcoins where they want to rush their profit instead of waiting for it rightly.

[bluebit25]

The OP can do that as long as it fits within the legal framework in the local area, but it seems from time to time they are also widely accepting bitcoin. But I have to share that paying with bitcoin has its own challenges, and don't expect too much, but a far-fetched ideal is more realistic as long as it's convenient for businesses and customers. I also encountered many similar topics and most of the disagreements between the parties made the payment solution not always convenient and preferred. Many people know about bitcoin and gradually switch to it in the form of assets. It's not universally applicable, but there are still solutions you can do with small deals, but you won't always meet customers who are in tune with this ideal.

Anyway, this is only a small part of your business. The more important thing does not come from this issue, but focuses more on the quality of service, whether the payment solution is there are so many contributions? Let's be more honest with this issue.

[bussybuddy]

By opening your doors to Bitcoin, you're not just accepting a payment method, you're planting a seed of innovation that could blossom into something truly groundbreaking. This is a visionary move, and I applaud your courage and foresight!"

But, accepting Bitcoin can be a strategic move for your vehicle parts shop, but it's best approached with a balanced, data-driven approach. Start small, offer multiple payment options, and prioritize compliance. Remember, it's not just about hopping on the crypto bandwagon; it's about understanding your customer base, managing risks, and ultimately, making your business thrive.

[majeed]

Looking into Bitcoin for your auto parts store? I applaud your boldness! Don't get ahead of ourselves. Understanding the Bitcoin mempool is essential. This is where transactions are pending confirmation. Yes, crowds cause delays and higher expenses. The huge "but" is that this doesn't mean the end for your business because Bitcoin is a revolution, not simply a currency. Its worth is in long-term investment, not quick transactions. Your strategy to accept Bitcoin is sound - you're investing and earning. As governments legalize crypto, you're on the correct route. Be ready for turbulence. It's part of Bitcoin, but the upside? Huge.
Final tip: keep educated and flexible. Crypto is changing fast, so should your company plan. Watch Lightning Network and other off-chain developments. They could revolutionize transaction efficiency. Remember, Bitcoin success requires patience and agility. You have the vision; now monitor the pulse. Welcome to business's future!

[barisbilgili]

it's good if emotions are controlled. for example, we are ambitious people who want wealth quickly. People like this are not very suitable for investment here, even when I tried at the beginning I always lost money just because I sold too quickly. when I held it went down but after selling it went up. This is just a matter of trust in predictions and patience in consistently taking profit targets. As long as emotions are stable then it's time for crypto investments to run smoothly, this is very good for people who are early adopters who will definitely be helped a lot by that.

If we cannot control our emotions in investing, we will be very greedy both in investing and in other things. Of course, it is very important to be able to control our emotions so that things that we don't want don't happen when investing. In my opinion, knowledge is also very important in making investments because without knowledge, of course we will not be able to hold the investment and will tend to sell more quickly because we don't understand well what we are doing.