Bitcoin investment is kind

[tottong]

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.

You believe how strong our understanding of bitcoin can provide confidence to get involved in it and that is how one makes plans when they want to own bitcoin.
Bitcoin is quite risky and will also be quite profitable, these two patterns will be arranged and run when someone knows what to do while in it.
If our sense of humor is the same as the way we carry out fixed investments, we will continue to laugh when we see that the amount of our holdings is almost far from the basic capital when the market is badly corrected.
Unfortunately, people who don't understand Bitcoin's journey in this condition will panic and try to do something that will ultimately result in losses. Remember that this asset is quite volatile and depends on how one handles it properly.

When you decide to accept payments using bitcoin, you need to pay attention to how your customers respond and if they accept it well then continue with your plan.

[Natsuu]

It's great to see your forward-thinking approach in embracing Bitcoin for your vehicle parts shop, OP! Adapting to cryptocurrency trends can indeed open up new opportunities. Make sure to stay updated on the evolving landscape, and I wish you success with the official opening on January 16th!

[so98nn]

It is good step towards “collecting” bitcoin but to earn profits you still need to do one vital step: hodl. Those who you mentioned in the post are the long term holders of bitcoin whose getting benefits today. In similar ways you will be earning profits only after some time is passed. No one can predict what is the price in January 2024, no one knows what it would be right after you collect few million sats or whole bitcoins. The price at which you are receiving them is equally important to know. Many investors intentionally buy bitcoins at different periods by looking at the prices. They try to do DCA so that they will keep the BEP way lower. In the meantime its but obvious bitcoin will play its crucial role of getting valued more and more.
Just keep that math in mind so that you can have this payment system set properly.

[Jegileman]

What you’ve thought about bitcoin increment over the next year is true and accurate but if you want to check the mempool transaction fees rate before embarking on this payment method, you won’t get to be accepting payment with bitcoin because as the number of bitcoin users is increasing, we will see more transactions coming into the mempool which will automatically increase the transaction fees of bitcoin. I will advise you to use an exchange wallet for funds you’ll need to be sending out and in during transactions and keep long term savings in your external wallet, that will make the business flow faster without bothering too much about the transaction fees.

[Dr.Bitcoin_Strange]

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 not a bad idea to introduce the acceptance of Bitcoin into your business, but the challenge is that the fee is high, and some of your customers will not agree to pay in Bitcoin because of the high transaction fee. Normally, accepting Bitcoin in business places helps create awareness. Since I introduced accepting Bitcoin into my business, most people have been convinced to invest in it, and some other people have also developed an interest in it. Your idea is cool, but the fee is not friendly. My advice is that, since it's the first time you are introducing this payment method to your business, you should also add some other crypto like BNB, USDT, Ethereum, TRX, or Doge. Though it is based on preference, if you don't want, you can stick to Bitcoin. Despite the fact that the fee is high, there are still people covering the fee; if you have such customers, they will pay the fee. For me, I am considering stopping accepting Bitcoin for now until the fee becomes normal.

OP, if you consider accepting Bitcoin payments in your business, you may still have the need to convert to fiat any time you are buying more products for your business. Now that the Bitcoin fee is high, if you accept other cryptocurrencies for payment, you can still trade in Bitcoin if you want.

[UchihaSarada]

It's not a bad idea to introduce the acceptance of Bitcoin into your business, but the challenge is that the fee is high, and some of your customers will not agree to pay in Bitcoin because of the high transaction fee.

You are a business operator and receiver of Bitcoin transactions and payments from your customers, will not want to spend like $20 to move your bitcoin too.

You receive your bitcoin and if your business does not have deep budget, you will have to sell your bitcoin to have cash for purchasing necessary things for your business. It will be your pain to pay high transaction fee on Bitcoin blockchain if mempools won't become less congested.

[Hewlet]

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.

interesting!

Hope you know that before thinking of including the use of Bitcoin as one of the payment channels in your business, you need to have carried out thorough research t know if the prospective customers in your chosen field of business knows about Bitcoin, have bitcoin and will be willing to make purchase with their bitcoin.

You should understand also that even though I have huge amount of bitcoin, I doubt I would want to give it ou in exchange for any goods I intend buying. Have you considered that even if your prospective clients have bitcoin, some of them would wand to hodl it and wouldn't want to use it for any mode of exchange.

You have to do the needed research before making your final decision.

[Dunamisx]

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

This will actually be good for you, your business and the citizens of your country as well because bitcoin will gain more strength for it adoption and use by the people and it will be fast increasing when they are not having that fear if making use of bitcoin in the 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  January 16th to open officially.

That will not be the reason to make people not to use bitcoin in making transactions, the mempool challenge is still very small to what may be the reason why people may be discouraged about using bitcoin for making payments, there are alternatives to paying high transaction fee.

[Rruchi man]

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 ...

Having various means of payment is a way to make the payment process easier and to encourage purchase by customers. This is why options are always encouraged. Having bitcoin as one of the payment options will create awareness for people who own bitcoin and maybe due to emergency situation of things are forced to buy vehicle parts with some of the bitcoins they are trying to keep. These people will no longer need to go through the rigors of changing btc to fiat first before they can pay you. They will be able to pay you directly.

[Patrol69]

Investing in Bitcoin can result in both profit and loss because the market is about both profit and loss. The market doesn't just go up or the market doesn't just go down. If there was such a rule that the market would go up only one season and go down only one season then maybe no one in the world would be poor and everyone would be rich by investing. The market is changing every moment, now the market is in one position, in a few days the market may move to another position. If you try to know enough about the market, you may be able to predict the movement of the market, but predicting the movement of the market is not very useful in investing because the investment is usually planned for a long period of time. And in the short term plan little profit I sold my coins it is usually called tedding.

[Odusko]

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.

If you have carried out your physical and environmental evaluations of your environment and you see that more Bitcoin users is those who can buy your parts and have Bitcoin as payments and at the same time willing to bear the high fees using Bitcoin instead of the local currencies, because at the moment,  Bitcoin transactions is higher in fees per transactions compared to using your fiat currency.
This and many more are what you should consider before choosing Bitcoin as the primary payment method for your business, but if you use Bitcoin as an alternative it could be better, the reason being that not many use or know Bitcoin, and secondly not all will be willing to pay fees on Bitcoin payments for goods in your shop.

[albon]

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 [...]

Firstly, I wish you success in your business, and I hope there is increasing interest in the new store you have launched. The positive aspect is that your country allows the use of Bitcoin, putting you in a legal position to utilize Bitcoin as a payment method for your store freely. Indeed, I don't know how much vehicle spare parts cost in your country, but if the prices are significantly lower than Bitcoin fees, it would be a considerable loss for the customer initially. As someone suggested, you could wholesale items using Bitcoin or adopt it as an alternative payment method without abandoning it. You may also consider using BTC on the LN network to receive payments or even receive payment in stablecoins on economic networks with low fees and less congestion. Afterward, you can buy Bitcoin and invest without burdening the customer with fees and the current network congestion, which will be resolved soon with sufficient solutions in place.

[Mate2237]

Op are you dreaming or it is a fictional story with only one character which is you. I don't think anyone will pay with bitcoin in you plan of work or your vehicle parts business instead they will still pay with the fiat which is perfect and preferable payment method for now . Okay let's assume that the customer will pay with bitcoin but who is going to beat the transaction fee? Is it you or the customer? Op this your story is not real and can't be realistic but a fiction.

And if you want to acquire Bitcoin then it is very simple, just use DEX to purchase the Total number and send it to Electrum wallet if that is your favorite wallet. But if you are planning to sell your parts with bitcoin, guy that will be a big dream for now. The truth must be told.

[Ryu_Ar1]

Whether or not it is good when talking about investment depends on our own perception because it is only about the view whether being in bitcoin is good or not.
For those of us who are in bitcoin then surely this will be something very good but different from people who are still new to bitcoin or don't like bitcoin then indeed this could be the opposite of the arguments we have so in this case I think it depends on where we are and depends on how we take a stand from the bitcoin we have.

Opening a business by accepting bitcoin as one of the payment options still looks good and until now there have been several threads and several people who do that but indeed for now you also need to be aware of the large transaction costs that are owned so there needs to be consideration about the problem of transaction costs at this time but indeed this option is certainly very good to do. It just depends on where you live too because in the end when you apply bitcoin as an alternative payment from the business you are in a place that is not too friendly with bitcoin I don't think it will run smoothly.

[JoyMarsha]

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.

OP, I was thinking that you would still gonna accept the payment method of fiat instead of Bitcoin because of the way you sounded, it is just like you can not decide to follow the steps of others who accept bitcoin payment in their business. But here you are doing the same thing in your about-to-launch vehicle parts shop by 2024. I am kinda surprised anyway that you want to follow the same step as others that you want to condemn indirectly at accepting bitcoin payment instead of fiat as a mode of payment in their business. Nevertheless, every one of us is free to choose whatever payment method we want in our business as long as bitcoin is legal in our country.

[The Cryptovator]

Though I welcome and appreciate accepting Bitcoin as a payment method, due to the recent congested network, it has become hard to accept Bitcoin. Because even though you have been trying to accept Bitcoin in a real store, there is a chance of double spending. Transactions are going to delay a lot, and transaction fees is too high as well, and the sender has to wait a long time to get transaction confirmation on the blockchain. I don't see any possibility of seeing low transaction fees and fast transactions very soon. However, you may start accepting Bitcoin payments and share with us what difficulties you are facing. So, based on the situation, we may find a solution.

[Onyeeze]

OP you need to use what is obtainable now to draw your analysis of the decision you choose to make, though the congestion is mempool will reduce from time to time but I don't see it dropping anytime soon and January is almost around the corner so you should have an alternative should if the congestion and high transactions fees continue till the date you wish to establish the use of Bitcoin for you business so that you don't find it difficult to relate with customers who will be ready to patronize you through the use of Bitcoin.

The congestion now should not make someone to dislike bitcoin or make a transaction with the person that want to do transactions with bitcoin, its obvious and understanding that bitcoin is something that is good for investment despite the high fee of the transactions I think that many people do cherish and ensure that they have transact with bitcoin and also make a profit,  when you reason the congestion I don't think that it have to do with establishments of business with options of bitcoin payment

[2Pizza410000BTC]

OP you want to start bitcoin transaction in your business it's not a bad idea it's definitely a good idea. But currently the Bitcoin mempool is very high, there is no guarantee that the Bitcoin mempool will decrease anytime soon. But in this situation if you start your business only bitcoin transaction then maybe you will not get very good response in that case you must also start payment method in unique currency so that customer can make you unique crypto currency transaction very easily. I always wish you good business.

[Nwada001]

It's good that you want to start using bitcoin as a means of payment in your new shop starting next year, but to be honest, if you do that, you have to checkmate how the fees are by that time, because with the recent fee increase, it's not profitable for business people to still be accepting bitcoin as a means of payment.
 
Who will pay the high fee? Will it be deducted from the purchase amount, or will the customer have to pay it, or will you guys have to send it using a low fee, for which there won't be any guarantee as to when the transaction will be confirmed?
 
Unless you are ready to use a centralised means of accepting payment, maybe at the end of the day or week you can send the bitcoins over to a private wallet. If not, right now, fiat and altcoins are the best option to be used to accept payment in any sales shop right now; it's cheaper.

[bocyaj]

What you’ve thought about bitcoin increment over the next year is true and accurate but if you want to check the mempool transaction fees rate before embarking on this payment method, you won’t get to be accepting payment with bitcoin because as the number of bitcoin users is increasing, we will see more transactions coming into the mempool which will automatically increase the transaction fees of bitcoin. I will advise you to use an exchange wallet for funds you’ll need to be sending out and in during transactions and keep long term savings in your external wallet, that will make the business flow faster without bothering too much about the transaction fees.

The reason for the growth is the adoption of the bitcoin by the new users around the world.If the trader want to earn some extra money from the cryptocurrency,the bitcoin will be the first option for them.Because of the longer term volatility and sustainability, the bitcoin market was the wider and decentralised in nature.Eventually the transaction fee of the bitcoin was increased because of the demand,it was the master move to get your valuable bitcoin for the fee.

If you calculate the current transaction fee,the minimum the bitcoin trader should possess 12$ as fee to the faster transaction.This move by the exchange owners leads to spoiling the decentralised behaviour of the bitcoin in current market.If you able to exchange the coin using the swap option will be better to use to reduce the transaction fee.