Bitcoin investment is kind

[radjie]

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.

Bitcoin is able to open up business opportunities for anyone, many people have started their business by providing alternative transactions using Bitcoin, but until now the problem of high transaction costs still continues to occur so that most people are better off holding onto the Bitcoin they have

It would be much better if you continued to add investment assets to Bitcoin rather than opening a business by providing transaction services using Bitcoin

[Learn Bitcoin]

Op, when you mentioned "criteria," does that mean you'll only accept payments in Bitcoin?

100% No. He clearly mentioned in his post that Bitcoin is going to be one of the payment methods. When he said "One of", you should understand that this is not going to be the only payment method. I won't discourage him if he wants to accept Bitcoin as one of the payment methods. He may pick the lightning network as an alternative but not many people lightning Bitcoin network yet.

I agree with you in the other part where you mentioned the mempool congestion part. Yes, indeed, spending more than $10 as a transaction fee is not worth it. No one would pick this option while they have many other options like cash payment, card payment and others.

[Assface16678]

Well, its a good thing that you added bitcoin payment as a mode of payment in your business. I guess you know what you are doing, and I don't think you didn't think through this decision. The thing is, it's good that maybe some of your customers will be curious and will try to use the crypto currency payment. As we know, bitcoin is very famous these days, so it is possible that you will meet someone or a customer that has been in the field of crypto currency also. I hope the transactions go well and good luck to your business. My only concern is: what will you do with the bitcoin that you have received from crypto payments? Will you hold on to it or will you do something with it, like invest in something so that it will grow? I would like to know and am curious because I see that you have more plans than your current business, and that's good.

[Rockstarguy]

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.

I appreciate you for accepting bitcoin as payment in your business, I think for you to make this decision it means your business is doing well to relate it with bitcoin which is another form of investment.  The price of bitcoin is going high and we are heading into the bull market and it is not a bad idea to invest in bitcoin.

Mempool is just the challenge that investors are facing right now with bitcoin,  but I hope this challenge won't last long for investors to be able to make transaction freely without difficulties.

[tbterryboy]

Here's a tip to you OP, don't advertise your service that you're accepting bitcoin when the price is this high and the potential that it goes higher is going to be high because you're not going to get big value because I assume that you're not going to quickly sell those bitcoins, maybe you can say it here and there vut to actively tell them to pay you is a thing that you should do when the price is really low and the overall market sentiment is so low and bearish, there you can get more value out of your services.

In my opinion, it is better to advertise it no matter what is the value of Bitcoin because many people are not yet familiar with it. So if they are able to learn and master it as early as possible, they can also start using it immediately. Bitcoin is very unpredictable, so I won't say that when the price is high, it will continue to increase more. Actually, it is more prone to dumps.

There are still services that let you sell your Bitcoins automatically right after you have received them. The only thing is that when the price of Bitcoin is high, its transaction fees can also be a little costly, and this can still prevent some Bitcoin users to make a transaction.

[naira]

For now, it is better to use existing payment methods even if your goals are very good there are several things you need to consider because congestion will make your payment not in ideal conditions and the costs are high so the payer definitely doesn't want to pay a large fee which will be detrimental to him. regarding regulations in your country is it allowed to make transactions using bitcoin? because operations also need to be supported by your government policies. As a citizen, of course you must be able to balance legal transactions and currency recognized by the state. The country needs an economic turnaround that involves transactions using fiat.

[CageMabok]

Bitcoin is able to open up business opportunities for anyone, many people have started their business by providing alternative transactions using Bitcoin, but until now the problem of high transaction costs still continues to occur so that most people are better off holding onto the Bitcoin they have

It is not wrong and quite reasonable not to make transactions to any exchange at this time if it is absolutely not necessary to do so. Because when you remember that transaction costs are still quite high, of course everyone will think several times about carrying out their transactions at this time so the solution to keep holding on to them is quite wise in my opinion.

It would be much better if you continued to add investment assets to Bitcoin rather than opening a business by providing transaction services using Bitcoin

Opening a business by providing transaction services using Bitcoin is actually not wrong if it can make things easier for business owners and also the customers of the business itself. But if this is still quite difficult for customers, of course only the customer has to make considerations about making transactions, while the business owner only needs to wait and serve those who come to make transactions. Although it is also not wrong to continue adding Bitcoin investment assets while running any business for now.

[Kelward]

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.

This is a good move for a Bitcoin holder to take, because by accepting Bitcoin as a payment option, when your customers make payments with it, you're also using the opportunity to accumulate it in readiness for the coming ATH bull run. Although you'd need to purchase your vehicle parts from the manufacturers with fiat currency, so that payments made in Bitcoin by your customers can be solely hodled for bull run, this is just an advice on my part. You however have to consider the Bitcoin high transaction fees, this can be a disadvantage for now since the fees is still quite high, and introducing lightening networks and other alternative means of evading the high fees can be cumbersome, because we don't know for sure when the mempool will dicongest.

[AnonBitCoiner]

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 are pretty lucky if your country permits cryptocurrency transactions. because a lot of countries don't do that. which is slowly changing but still.
Now Lets talk about accepting bitcoin as a form of payment for your vehicle part shop. like most of the people said here. Bitcoin's transaction fee are very high and is not suitable for everyone to pay in Bitcoin. Paying in Fiat is more convenient for normal people.
You can consider accepting other coins which have low transaction fee.
but if I wanted to own some crypto currencies or Bitcoin. I would simply buy that using the fiat money I earned from my Shop.

[Zoomic]

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.

It is quite thoughtful of you to device a means of of acquiring and earning more Bitcoins but you also need to consider how to grow your business too if you are actually serious about it. For a business that is just starting,  it is not adviceable to make strict rules like making Bitcoin a criteria for payment, it will be best making it an option considering the fact that Bitcoin is yet to gain general acceptance.  It depends on your country and the level of acceptance there anyway. Again, the transaction fees which is currently high might be a discouraging factor for prospective customers. While trying to have enough Bitcoins to invest, also focus more on how to increase your customer base and earn more profit.

[CryptopreneurBrainboss]

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.

We're incharge of  making Bitcoin accepted and popular in countries provided the government hasn't banned Bitcoin in our jurisdiction. You have done well by planning to accept Bitcoin in your shop, although it's a small gesture but it'll contribute its part to the adoption of Bitcoin in the society. If everybody does what you're thinking of doing we'll have achieved Bitcoin been accepted locally and then what'll be left is for the government to give it's approval.

As for the mempool, the congestion would keep been there until the craze around the BRC-20 tokens on the Bitcoin Blockchain is reduced but it seems more tokens are been launched so we won't be seeing reductions in the congestion soon. Ordinals are trending at the moment, probably other NFT/tokens will get hyped as ordinals keep becoming a success.

The high fees of Bitcoin would definitely affect people that have interest in paying in Bitcoin but there are alternatives that you can use to keep receiving payments especially when they're small payments that paying fees for will be weird as the fees will be bigger than the amount you're paying for the goods that you want to buy or service you'll be receiving.

[sokani]

Op, this is a good initiative and you shouldn't allow the mempool congestion and the high transaction fee discourage you from integrating bitcoin as a payment option in your business. I believe a solution will be reached soon concerning the ordinals spams and the transaction fee will return back to normal. So get your ads running in other to create awareness to your customers, when the ordinals attack have been addressed, they'll patronize you.

[tjtonmoy]

Fees and mempool congestion won't be a problem if you do it in a smart way. You can accept various cryptocurrency and altcoins as a payment method. (Be sure to choose something that is reputable and has a good history. Could be a stable coin or something like BNB, ETH, SOL etc.)
Your main goal for accepting cryptocurrency should be for people to be able to pay without any hassle with cryptocurrency. When you have various options for payment with cryptocurrency, people will show more interest in it. And when the payment is done, you can always take all the cryptocurrency to a single exchange wallet and convert it into something that you want to hodl. Let's say it's Bitcoin. You can convert it to Bitcoin and hodling it as long as you want.

[Dzwaafu11]

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,

People have invested in bitcoin, and at the same time, some people have sold their own investment. That is how the market works, in my opinion. When other people are selling, people are buying. However, what you said is right, and it's a new thing that some people may gain and some people will lose. That is how it works, we all know, but we pray to always be on the safe side.

However, people who make a decision to receive payments in bitcoin while selling goods or services for people are at their own choice. We can’t force people to do that because they accept bitcoin in the region. Not everyone has knowledge of bitcoin, and not everyone has bitcoin to purchase something and pay back in bitcoin. So you can see that if a person wants to do such business, they indicate that they accept bitcoin and fiat as a method of payment. If not, I don’t think that business will go well for such an investor or businessman.

[oktana]

Well, network congestion can really be a pain in the a*s, especially in this context where you’re dealing with a customer, and not a friend. With the way it is currently, it would make more sense if what is being paid for is worth a little bit more, then one can try overlook the fee. About holding Bitcoin, don’t forget that you will need to exchange some Bitcoin and buy back the products you sell to your customers. So it’s not as if you get to save everything Bitcoin that comes in. Just make your plan well and you can find a suitable percentage you can leave as Bitcoin investment.

[FinePoine0]

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.

I respect your decision because you want your auto parts store to take payment in Bitcoin. This decision will definitely drive you to improve because you need to present all kinds of information about Bitcoin to your customers, especially if you add more online business to your store. On 16 January 2024, you should continue to do the transactions in the correct manner. You must take care of the trust mempool and transaction fees so that you don't face losses sooner or later. Grow your business further,

[gunhell16]

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.

Don't expect fees to go down any time soon. If prices continue to go up, it's almost guaranteed that people will be transacting more and more. You're likely going to end up accepting BTC payments for wholesale orders.

That's right, that's the way it is. As the price of Bitcoin rises, more and more people will make transactions with it when they know that they have a good profit to be made from it and they are satisfied, and that's when they decide to sell.

I just hope that when the value of Bitcoin increases, there will not be an issue with its bitcoin fee in the bitcoin network as well, as we know that when the network becomes congested, there will suddenly be a crisis in the fee because of ordinals and inscriptions.

[nimogsm]

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.

Due to the fact that there are problems in the network, it is worth having alternative options in another crypt, the idea is good with opening a store and paying for goods in Bitcoin.
But carefully study the market in your area, how solvent are those who will pay with cryptocurrency? Perhaps this is an alternative savings? not a payment method for other people. In any case, this is an interesting function and news about your store will spread very quickly.

And if the local media writes about it, good advertising is guaranteed for you, good luck to you.

[bettercrypto]

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.

With each passing day, the number of people who are interested in investing in Bitcoin is increasing, especially with the approaching Bitcoin halving, and after that, the bull run is the next thing that everyone expects, which will continue to increase. raising the price value of Bitcoin in the market.

And that's what always happens every time there is a halving in Bitcoin, but this time there are actually more people who are interested in Bitcoin, and not just investors but also big companies known all over the world came in to invest in Bitcoin because of the Bitcoin spot they expected.

[Wiwo]

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.

I appreciate you for accepting bitcoin as payment in your business, I think for you to make this decision it means your business is doing well to relate it with bitcoin which is another form of investment.  The price of bitcoin is going high and we are heading into the bull market and it is not a bad idea to invest in bitcoin.

Mempool is just the challenge that investors are facing right now with bitcoin,  but I hope this challenge won't last long for investors to be able to make transaction freely without difficulties.

It's been a while since I checked the mempool to see what the level with the crisis in the network,  I have stopped to move coins around for now until this whole network thing settle down and normalizes again and I am worried for those businesses who just started accepting Bitcoin before this network crisis began.

I am curious to know if there are coping with the fees or they have suspended the Bitcoin payment method for now dye to the congestions.

Although we have to be settle between two things,  and that are,  either we accept for the customer to pay the fees or use another available payment method, I the company take it upon themselves to settle the fees,  I have seen companies such as stake.com paying for player extra charges aside from the one from the casino.