Bitcoin investment is kind

[Emmanuelex]

Good luck with your car business. Accepting Bitcoin for your business is a good idea, as long as you have done your homework and you're very sure that it is a good payment method to consider, then you should go with it.

[Out of mind]

If you have such a plan then I think it will be a great initiative for you where you will accept payment by Bitcoin at the store. Moreover, if you want to accept payment with Bitcoin, you may face a lot of problems, especially high transaction fees. But I think if you take such an initiative it is good for you, but many people will hesitate to pay there due to high transaction fee in Bitcoin. However, since it is January 2024, there are currently not too many transaction fees if you wish to complete this initiative. However, since you will officially recognize your bitcoins, it is the best decision for you to accept payments in your store. This plan of yours was really interesting and if you can continue with one you will definitely get good profits in the future when the price of Bitcoin goes higher.

[Kakmakr]

You should consider using the Bitcoin Lightning Network for payments, because it is much faster than Blockchain transactions at the moment.

Also consider offering some kind of discount to people, if they are willing to pay with Bitcoin to incentivize the adoption of Bitcoin. (Example 15% off for people paying with Bitcoin)  

[GeorgeJohn]

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.

You have said my mind, because as far as the bitcoin price continues to go up the price of all cryptocurrency will follow the same dimensions and I believe that the price of bitcoin is something I know quite that will continue to increase to increase and the fee will follow the same step of increase...let us flash back and realise that when the price of bitcoin was low many bitcoin transaction does not stay up to some minutes before it die off, secondly the price of bitcoin works in accordance with the price situation of bitcoin market.

[Sanitough]

You should consider using the Bitcoin Lightning Network for payments, because it is much faster than Blockchain transactions at the moment.

Also consider offering some kind of discount to people, if they are willing to pay with Bitcoin to incentivize the adoption of Bitcoin. (Example 15% off for people paying with Bitcoin)  

I would also advise the same, use Bitcoin Lightning Network for instant payments plus lower transaction fees compared to what we experienced using Blockchain transactions. That way, users will feel more convenient to pay bitcoin.

However, having discounts is a good option but it should also be limited. Let’s say the first 20-30 customers per day will get a 15% off so that everyone will be encourage to buy at your shop using bitcoin payment.

[kro55]

You should consider using the Bitcoin Lightning Network for payments, because it is much faster than Blockchain transactions at the moment.

Also consider offering some kind of discount to people, if they are willing to pay with Bitcoin to incentivize the adoption of Bitcoin. (Example 15% off for people paying with Bitcoin)  

I would also advise the same, use Bitcoin Lightning Network for instant payments plus lower transaction fees compared to what we experienced using Blockchain transactions. That way, users will feel more convenient to pay bitcoin.

However, having discounts is a good option but it should also be limited. Let’s say the first 20-30 customers per day will get a 15% off so that everyone will be encourage to buy at your shop using bitcoin payment.

But from what I see, Lightning Network is still not popular and widely used even among veteran investors like us, let alone newbies. The idea of accepting bitcoin as a payment method is becoming a challenge as bitcoin transaction fees are getting higher and higher. I think if OP wants to invest and hold bitcoins, it would be much better if he bought them directly with fiat instead of just accumulating them through the route of using bitcoins as payment for his store.

[EarnOnVictor]

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 have ever known Bitcoin as one of the best investment means of the 21st century and has helped further in cross-border payments and even intradealers' arrangements that are making payment settlements easy for people. I have seen people giving the best testimonies of it and the transaction fee is still low even with this congestion compared to other means of old payments like the use of Western Union and Bank wire transfer and others. This makes me appreciate Bitcoin so much as there is nothing you can use fiat to do that it will not do or at least try to do.

About your plan, well, it is a very good one, and I hope one day too, I can move further in my usage of Bitcoin and create a business around it. But be sure that you understand the nitty-gritty of what you are about to do, you must know the feasibility of your customer accepting it, the risk involved due to the volatility of Bitcoin and the best gateway you use for it so that it will not be a discouragement for your customer's and intending ones.

Above all, for now, Bitcoin's new network is not just encouraging and businesses are moving away from it (for transactions, and not investments). Many companies mailed me late last year about their low preference for Bitcoin transactions due to how the fees are high and their customers are complaining. So if reputable companies that have used Bitcoin for over a decade could be complaining now, you might want to think through accepting it at this time for the sake of the businesses and that of your customers. This, of course, unless they can be using intra-payment options with the same exchange as yours that charges no fee.

[Pikachi42]

Yes I agree with your decision. But one thing that bothers me is that January 16th is very close. Will the traffic be reduced in such a short time? There are fears about this. You're going to increase usage by reducing customer transaction fees. But the market is not always the same. You should be aware that the price of any product is not stable.

[0t3p0t]

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.

Yeah high fees truly hinders our plans on using Bitcoin as payment method that is why some businesses are hesitant to accept Bitcoin payment. I think the best thing to do right now is wait for the opportunity.

[carlfebz2]

You should consider using the Bitcoin Lightning Network for payments, because it is much faster than Blockchain transactions at the moment.

Also consider offering some kind of discount to people, if they are willing to pay with Bitcoin to incentivize the adoption of Bitcoin. (Example 15% off for people paying with Bitcoin)  

I would also advise the same, use Bitcoin Lightning Network for instant payments plus lower transaction fees compared to what we experienced using Blockchain transactions. That way, users will feel more convenient to pay bitcoin.

However, having discounts is a good option but it should also be limited. Let’s say the first 20-30 customers per day will get a 15% off so that everyone will be encourage to buy at your shop using bitcoin payment.

But from what I see, Lightning Network is still not popular and widely used even among veteran investors like us, let alone newbies. The idea of accepting bitcoin as a payment method is becoming a challenge as bitcoin transaction fees are getting higher and higher. I think if OP wants to invest and hold bitcoins, it would be much better if he bought them directly with fiat instead of just accumulating them through the route of using bitcoins as payment for his store.

Even if LN is really that been used, i do have doubts that people would really be actively spending their coins on buying up something. Why? they do know that profit chances and gains could really be that
possible on just simply holding it for long term on which this is something that we cant really be able to deny yet we've seen on how far it did been able to reach up. Yes, its great that it would really be seen
into those payment options but i do highly doubt that people would really be that actively be using their coins on which on buying up something because as much as possible they would really be
accumulating it as much as they can. Even myself would definitely be doing this since we know about its potential..

You cant really just that afford yourself on spending into those coins if you do know that you can earn more money on just simply holding it for more years to come.
It is really just that a waste if you do just basically be using it on something which you can actually do it on using fiat or other possible methods or common ways.
Its not really that worth and this is something that mainly you do have in mind.

[kro55]

You should consider using the Bitcoin Lightning Network for payments, because it is much faster than Blockchain transactions at the moment.

Also consider offering some kind of discount to people, if they are willing to pay with Bitcoin to incentivize the adoption of Bitcoin. (Example 15% off for people paying with Bitcoin)  

I would also advise the same, use Bitcoin Lightning Network for instant payments plus lower transaction fees compared to what we experienced using Blockchain transactions. That way, users will feel more convenient to pay bitcoin.

However, having discounts is a good option but it should also be limited. Let’s say the first 20-30 customers per day will get a 15% off so that everyone will be encourage to buy at your shop using bitcoin payment.

But from what I see, Lightning Network is still not popular and widely used even among veteran investors like us, let alone newbies. The idea of accepting bitcoin as a payment method is becoming a challenge as bitcoin transaction fees are getting higher and higher. I think if OP wants to invest and hold bitcoins, it would be much better if he bought them directly with fiat instead of just accumulating them through the route of using bitcoins as payment for his store.

Even if LN is really that been used, i do have doubts that people would really be actively spending their coins on buying up something. Why? they do know that profit chances and gains could really be that
possible on just simply holding it for long term on which this is something that we cant really be able to deny yet we've seen on how far it did been able to reach up. Yes, its great that it would really be seen
into those payment options but i do highly doubt that people would really be that actively be using their coins on which on buying up something because as much as possible they would really be
accumulating it as much as they can. Even myself would definitely be doing this since we know about its potential..

You cant really just that afford yourself on spending into those coins if you do know that you can earn more money on just simply holding it for more years to come.
It is really just that a waste if you do just basically be using it on something which you can actually do it on using fiat or other possible methods or common ways.
Its not really that worth and this is something that mainly you do have in mind.

I agree with you. In fact, here we always support the idea of using bitcoin as a payment method, but we ourselves would not use bitcoin for payment even if we came across a store that accepted bitcoin. This is a reality that many people are in denial about because we all want to accumulate as many bitcoins as possible. No one will spend bitcoin when everyone knows about its potential and more specifically, the new bull season is coming closer than ever.

Honestly, it would be embarrassing to say outright that I support ideas like the OP's but I also wouldn't use bitcoin to make purchases. It's really a waste of bitcoin when we can do it with fiat.

[rodskee]

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.

Have not you consider about the transaction fees nowadays? because if does then you should
know that the business will hardly operate if you are even charge higher than the amount you needed to send or receive ?

Hard to accept now but this is the problem using bitcoin in such time , when there are congestion
everything is affected and most specially to mention about sending and receiving so try to look again in your business plans
because you might get hurt about  the fees.

[MarjorieZimmermanGinger]

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,

It's up to people whether they want to make payments using bitcoin or not and it has nothing to do with how they decide on that desire. The question is whether bitcoin is legal for payment processing in your country and whether the understanding of the people around you about bitcoin is strong enough to contain positive value. If you are not able to convince buyers of this, customers will try to find other places to shop and in the end Bitcoin will not be something that can change your life.

In a general context Bitcoin looks quite perfect as an investment step, but not all places are suitable for use as a means of payment. This is where we need to understand the conditions, not try to force something perfect to become more complicated. Pay attention first to whether using payments in bitcoin can benefit your business, if not why force it?

[HajiBagi]

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.

Wow, that's great, buddy. Everyone will want to follow your lead because you have a well-thought-out plan and demonstrate that in addition to conducting business, you will also find a way to make your company better. Taking bitcoin as payment in your business is also a smart move because, should you decide to invest in bitcoin, you won't have to go back and buy it; as long as your country permits it, you are free to do so. Furthermore, even though you are aware that the price of bitcoin can fluctuate at any time, you shouldn't panic and, in my opinion, you will make a significant profit.

I think that soon all countries will accept bitcoin because I have seen some that I had thought would not allow it, but have now decided to do so. If bitcoin is accepted everywhere, even investors and those who are unaware of it will be inclined to invest in it, making bitcoin one of the best investments available anywhere in the world in the near future.

[Blitzboy]

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 have ever known Bitcoin as one of the best investment means of the 21st century and has helped further in cross-border payments and even intradealers' arrangements that are making payment settlements easy for people. I have seen people giving the best testimonies of it and the transaction fee is still low even with this congestion compared to other means of old payments like the use of Western Union and Bank wire transfer and others. This makes me appreciate Bitcoin so much as there is nothing you can use fiat to do that it will not do or at least try to do.

About your plan, well, it is a very good one, and I hope one day too, I can move further in my usage of Bitcoin and create a business around it. But be sure that you understand the nitty-gritty of what you are about to do, you must know the feasibility of your customer accepting it, the risk involved due to the volatility of Bitcoin and the best gateway you use for it so that it will not be a discouragement for your customer's and intending ones.

Above all, for now, Bitcoin's new network is not just encouraging and businesses are moving away from it (for transactions, and not investments). Many companies mailed me late last year about their low preference for Bitcoin transactions due to how the fees are high and their customers are complaining. So if reputable companies that have used Bitcoin for over a decade could be complaining now, you might want to think through accepting it at this time for the sake of the businesses and that of your customers. This, of course, unless they can be using intra-payment options with the same exchange as yours that charges no fee.

I understand your Bitcoin concerns. It changed foreign payments for me, too. Low costs and ease of usage make it superior to older approaches. Bitcoin stands out because of its versatility and cost-effectiveness, right? It liberated me during numerous transactions.

Have you tried using Bitcoin for business? I have. Attention to detail is key. You must know your market, recognize the risks (particularly Bitcoin's price swings), and choose a user-friendly payment gateway. A delicate balance, yet possible. Being open with clients about volatility and having a backup plan helped.

I see businesses abandoning Bitcoin for transactions as a rising inconvenience, not a catastrophic problem. Fees can be discouraging, but the big picture is important. Bitcoin's network is improving, so Im optimistic. Second-layer systems like the Lightning Network could revolutionize transaction efficiency. Staying educated and adaptable is key. Businesses eager to innovate may benefit from Bitcoin's future.

[peter0425]

Good luck with your car business. Accepting Bitcoin for your business is a good idea, as long as you have done your homework and you're very sure that it is a good payment method to consider, then you should go with it.

but for now you can only use Lightning network to save from fees but the problem is that only small amount per sending allows in LN so that how much you   can afford every dealings from your business.
but I still wish him best for His car business also mate.

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.

Yeah high fees truly hinders our plans on using Bitcoin as payment method that is why some businesses are hesitant to accept Bitcoin payment. I think the best thing to do right now is wait for the opportunity.

there are altcoins that taking place in some businesses now as a back up currency in case that congestion happens and we will be having trouble in fees like now.

[fuguebtc]

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.

Wow, that's great, buddy. Everyone will want to follow your lead because you have a well-thought-out plan and demonstrate that in addition to conducting business, you will also find a way to make your company better. Taking bitcoin as payment in your business is also a smart move because, should you decide to invest in bitcoin, you won't have to go back and buy it; as long as your country permits it, you are free to do so. Furthermore, even though you are aware that the price of bitcoin can fluctuate at any time, you shouldn't panic and, in my opinion, you will make a significant profit.

I think that soon all countries will accept bitcoin because I have seen some that I had thought would not allow it, but have now decided to do so. If bitcoin is accepted everywhere, even investors and those who are unaware of it will be inclined to invest in it, making bitcoin one of the best investments available anywhere in the world in the near future.

If bitcoin transaction fees do not increase significantly and remain stable , I will support this idea. But given the current situation and bitcoin transaction fees not going down anytime soon, I don't think using bitcoin as a payment method will benefit OP's business. In my opinion , if OP wants to own bitcoin. It would be better if he used fiat currency directly to buy bitcoin instead of accumulating it by using it for his business. To be honest, bitcoin is more suitable as an investment, a store of value than a currency or means of payment . As long as we cannot solve the problem of uncontrollably rising transaction fees, there is no point in trying to turn bitcoin into a payment method.

[Hypnosis00]

Yes I agree with your decision. But one thing that bothers me is that January 16th is very close. Will the traffic be reduced in such a short time? There are fears about this. You're going to increase usage by reducing customer transaction fees. But the market is not always the same. You should be aware that the price of any product is not stable.

If that is only a payment option, that won't bother you too much and the business continue. We can't still expect nor do we know how long the fees remain high but putting on the situation with OP, I would still pursue the plan and open the shop as scheduled. It was just an option for the clients if they used Bitcoin or fiat money as it was still accepted.

But having on the current situation of the market fees, that hold people from using it, $2-5 is huge enough to pay for a service.

[FinePoine0]

Yes I agree with your decision. But one thing that bothers me is that January 16th is very close. Will the traffic be reduced in such a short time? There are fears about this. You're going to increase usage by reducing customer transaction fees. But the market is not always the same. You should be aware that the price of any product is not stable.

If that is only a payment option, that won't bother you too much and the business continue. We can't still expect nor do we know how long the fees remain high but putting on the situation with OP, I would still pursue the plan and open the shop as scheduled. It was just an option for the clients if they used Bitcoin or fiat money as it was still accepted.

But having on the current situation of the market fees, that hold people from using it, $2-5 is huge enough to pay for a service.

I don't see any possibility of people going out of business with Bitcoin. Since you want to accept Bitcoin as money, you will definitely benefit if you are careful about gas fees. I support this auto parts store of yours, you have taken a great step that will set you up for even greater growth in the future. But with proper patience you will be strong with your business bitcoin trading and you will be able to make yourself known as a successful trader.

[Nrcewker]

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.

The best thing he can do is accept altcoins currently and convert them into Bitcoins as soon as possible. In this manner he can be saved from the high fees. Next I would suggest OP to carefully track all the Bitcoin payments. As there are some wallets present with which you can reverse the payment. At last don’t put a lot of pressure on you. Just focus on the business. You can also integrate Bitcoins at a later part of the work.