My dream business succeeded

[SatoPrincess]

Nice to hear that your father used the public funds meant for the development of the citizens to open a bar for you to increase the drunken in the society. Bar is always to attract more drinkers.

This got me rolling on the floor On a serious note, OP did mention his father has strings of businesses and companies. To be fair, it’s possible the money was profit from those businesses.

And I will advise you not to take Bitcoin as your payment option for now because of the tx fee. And why did you use the money to invest in Bitcoin and just relax and Monitor the market because that bar business will stress you. You have to buy fuel and pay workers but in investment you would not do all this.

Not everything should be about bitcoin investment. People need jobs and businesses to earn a living. Having a steady income is very important even for a hardcore bitcoiner. Because if you don’t have income, how will you be able to afford the bills without selling your bitcoins.

[famososMuertos]

Someone who knows what they're doing could surely pay you a bill at your business at some point.

You already got the hardest part, now with a pride I shouted "we accept bitcoin here".

You could sell consumer memberships, with an associated discount, if they pay in bitcoin.

Well done. May you succeed in your entrepreneurship.

[Agbe]

It is generally believed that all politicians in Africa are corrupt because bribery, looting and corruption are popular in government. But I am happy to know that your father is not part of the corruption that has kept Africa in perpetual poverty and underdevelopment. Tell your dad to keep up the good work.

Do you even think that her father is a real politician as she is claiming? Or it is for formality. Because from the way I observe and analyse the thread, I don't believe the story. Because a potential or influential politician daughter or son will not come to this forum to look for... There are some stories someone will tell me here that I will believe and not this type nof stories.

...my dad is an influencial politician in my state.]

Op do you really understand this statement in politics, and influential politician daughter or son is here. How? Is it that you are here to learn Bitcoin? If it to learn Bitcoin then you welcome but if it is the opposite then your story is a fallacy. And I will put your on my watch list to know if you are really an influential politician daughter or son. And things you discussed here will also showcase your identity as a politician daughter or son.

[Assface16678]

I don't know, but the thing is, you just started your business and accepting bitcoin as a payment may be too early for your business. I get the thought that you want to have other payment options and hold bitcoin, but the thing is, you already just started your business and you need funds or income to circulate in your business money so you can operate for a long time, but like you said, a high transaction fee is a hindrance, right? In my opinion, it is still not feasible for you to accept bitcoin payments. Imagine that someone will pay using their bitcoin asset despite the high fees. Maybe there are some, but do you think it is worth it? I think not, but still, it's not bad to still offer the option of payment; you should not decide without prior consideration of your current standing in your business. Remember,  you are just starting, building solid income first, and having the goal of earning the initial capital, or ROI, or return on investment.

[Pokapoka124]

And I will put your on my watch list to know if you are really an influential politician daughter or son. And things you discussed here will also showcase your identity as a politician daughter or son.

I think OP is just doing what he has seen others do in the past to farm merits. This type of topics used to work in the past, members are easily moved by bitcoin adoption threads and showed them with merits. This is why I think this story is a ploy to fish merit since OP didn’t get enough merits on the last one he created.

[Cryptoprincess101]

And I will put your on my watch list to know if you are really an influential politician daughter or son. And things you discussed here will also showcase your identity as a politician daughter or son.

I think OP is just doing what he has seen others do in the past to farm merits. This type of topics used to work in the past, members are easily moved by bitcoin adoption threads and showed them with merits. This is why I think this story is a ploy to fish merit since OP didn’t get enough merits on the last one he created.

if you feel this post was created in other to farm merits then there's absolutely no problem but put yourself in a scenario whereby you are telling the truth and every one begins to read meaning in what you are saying simply because maybe they feel you didn't present yourself well in other for them to believe your story. Every thing a wrote here is real and not done on purpose.

It is generally believed that all politicians in Africa are corrupt because bribery, looting and corruption are popular in government. But I am happy to know that your father is not part of the corruption that has kept Africa in perpetual poverty and underdevelopment. Tell your dad to keep up the good work.

Do you even think that her father is a real politician as she is claiming? Or it is for formality. Because from the way I observe and analyse the thread, I don't believe the story. Because a potential or influential politician daughter or son will not come to this forum to look for... There are some stories someone will tell me here that I will believe and not this type nof stories.

this isn't for formality legend, it is a crime to share one's achievement here in the forum. You may not believe me but I didn't actually create this thread to impress anyone, it was out of joy and excitement that made me share this but if you think it's a "cook and bull" story, then it's fine. My dad being influencial doesn't really mean I can't be involved in some social lifestyle with other people. Besides if there are some errors I made while creating this thread it's only to be corrected besides I'm new to the forum it's not as if I'm a pro.

...my dad is an influencial politician in my state.]

Op do you really understand this statement in politics, and influential politician daughter or son is here. How? Is it that you are here to learn Bitcoin? If it to learn Bitcoin then you welcome but if it is the opposite then your story is a fallacy. And I will put your on my watch list to know if you are really an influential politician daughter or son. And things you discussed here will also showcase your identity as a politician daughter or son.

Rhetorically, you mean influencial people's children doesn't have anything to do with platforms of this nature, I mean that's a wrong assumption!

[bitzizzix]

If I were in OP's position, I would use that much money to buy Bitcoin and invest for the long term, because currently having a business is not as easy as we imagine, whether the business will be successful or not. Especially if you don't have experience and knowledge in the field.
Apart from that, I think using Bitcoin as a means of payment is currently not the right time because congestion and high transaction fees are reasons and also full considerations. Because nowadays most people will reduce transactions or not do them at all because of the high fees and prefer to use fiat and accumulate more Bitcoins for the long term and the fees return to normal.
And the reason I chose this money to buy Bitcoin is because it is more promising, especially in the long term, and while waiting for big profits. I will study the business I will create as a whole that will allow me to run both to success.

[REDice]

put dancing naked woman and man in your bar. a lot of costumer coming there.

[pinggoki]

Wow, you've got a fully furnished bar and establishment for that amount? Now I want to know where you're from because I want to live there, I could probably retire with my money there if I wanted to because I feel like you're getting a really good value out there. Congratulations on your part, would've been more awesome if you've done the hardwork for the money but nonetheless, congratulations on the business and may you become successful.

put dancing naked woman and man in your bar. a lot of costumer coming there.

Calm down with your suggestions, do it yourself if you want to but it's definitely a good suggestion, make sure that you're getting the most attractive ones though, don't want seeing unattractive attractions you know.

[Agbe]

I think OP is just doing what he has seen others do in the past to farm merits. This type of topics used to work in the past, members are easily moved by bitcoin adoption threads and showed them with merits. This is why I think this story is a ploy to fish merit since OP didn’t get enough merits on the last one he created.

I don't want to say anything on that magnitude because that is what basically and the core reason of the thread and it is obvious. Well there should be no big argument again. Op congratulations for opening a bar that accepting Bitcoin. We can now buy bear with cryptocurrency and I am very happy. Op @Cryptoprincess101 from your historical posting, I noticed that you are close to me, please can you drop the location of the BAR so people that are nearby can visit to have some funs and hangout.

[EluguHcman]

It is a new phase to excel on your possessions my dear.
I would just have to say... Congratulations on your new beginning.
I hope you would make proefficient counts out of your endivoirs.
Atleast the opportunity for your patronages to pay you with Bitcoin is another dimension to enable Bitcoin owners for easy transactions and so also, it serves a medium to contributing the speculations of Bitcoin.

I hope you don't only see Bitcoin specifically as a measure of transactions but also find it known that you can accumulate, hodl with the intense of making profits out of your hodling for investments.
Once again, Congratulations.

[Natsuu]

I don't know, but the thing is, you just started your business and accepting bitcoin as a payment may be too early for your business. I get the thought that you want to have other payment options and hold bitcoin, but the thing is, you already just started your business and you need funds or income to circulate in your business money so you can operate for a long time, but like you said, a high transaction fee is a hindrance, right? In my opinion, it is still not feasible for you to accept bitcoin payments. Imagine that someone will pay using their bitcoin asset despite the high fees. Maybe there are some, but do you think it is worth it? I think not, but still, it's not bad to still offer the option of payment; you should not decide without prior consideration of your current standing in your business. Remember,  you are just starting, building solid income first, and having the goal of earning the initial capital, or ROI, or return on investment.

Right. Think about sticking with regular payments for now to keep the cash flowing smoothly in your new business. Even though accepting bitcoin sounds cool, those high fees could be a bit much at this early stage. Get your financial base solid before diving into different payment stuff. But don't ditch the idea completely! Just be mindful of those fees while exploring cool payment options for your startup.

[Die_empty]

Wow, you've got a fully furnished bar and establishment for that amount? Now I want to know where you're from because I want to live there, I could probably retire with my money there if I wanted to because I feel like you're getting a really good value out there. Congratulations on your part, would've been more awesome if you've done the hardwork for the money but nonetheless, congratulations on the business and may you become successful.

I guess the OP didn't keep his records accurately or the property might be his father's own. There is no way one could pay rent, furnish the bar and stock it with drinks with such an amount. The bar looks more expensive than the money OP claimed was used to set it up. However nothing is impossible, maybe he did most of the work at a cheap rate. 

I don't want to say anything on that magnitude because that is what basically and the core reason of the thread and it is obvious. Well there should be no big argument again. Op congratulations for opening a bar that accepting Bitcoin. We can now buy bear with cryptocurrency and I am very happy. Op @Cryptoprincess101 from your historical posting, I noticed that you are close to me, please can you drop the location of the BAR so people that are nearby can visit to have some funs and hangout.

OP doesn't need to give the address of the bar in a public forum, it might not be too good for his privacy. Don't forget that he also claimed to be the child of a rich politician in Nigeria, which means he needs to be conscious of his safety. If you want to patronise his business you could send him a personal message and if he is comfortable with your request, he can send the location of the bar.   

[Cryptoprincess101]

Wow, you've got a fully furnished bar and establishment for that amount? Now I want to know where you're from because I want to live there, I could probably retire with my money there if I wanted to because I feel like you're getting a really good value out there. Congratulations on your part, would've been more awesome if you've done the hardwork for the money but nonetheless, congratulations on the business and may you become successful.

I guess the OP didn't keep his records accurately or the property might be his father's own. There is no way one could pay rent, furnish the bar and stock it with drinks with such an amount. The bar looks more expensive than the money OP claimed was used to set it up. However nothing is impossible, maybe he did most of the work at a cheap rate.  

You're right about my dad owning the property, I only bought drinks, furnitures and upholsteries so you ain't far from the truth. How can that amount get me that kind of luxurious environment and still equip the place at same time it's impossible in my country.

[HajiBagi]

My major setback now is the high transactions fees and congestion in the mempool but I've made provisions for my BTC Address to customers but for now they're still patronizing me in fiat.

You opened a bar. A bottle of beer is not up to $1. 1 input and 2 outputs bitcoin transaction at 80 sat/vbyte cost 4.79 in fee. We all know that it is not possible to pay using bitcoin onchain transaction for some beers. In Nigeria, naira is more used for payment and using bitcoin is getting more discouraged with the high fee.

Although, there are expensive drinks and wines, but fiat transaction locally is instant and of very low cost. On Opay, Kuda and Palmpay and some other means of paying for goods and services, the fee charged for some number transactions per day or per month are free.

You're right, buddy, accepting payments from customers in fiat is the easiest way for you to get their money without having to pay exorbitant fees. However, accepting bitcoin is also a good idea because it can help you acquire some without having to buy it from someone else if you want to invest again, but regardless of how a customer completes a bitcoin transaction for you, he will still be responsible for paying the fees. The best online banks to use are opay, kuda, palm pay, and moni point, since they don't impose excessive transaction fees, and I think that's what most of your customers will use as well.

Nobody wants to be stressed these days, so I'm just saying that since you're starting a business, you should take it seriously in order for it to grow. Even if you want to accept bitcoin right away, I don't think you should; instead, you should wait to see how the business is doing before making such a decision. On the other hand, bitcoin is an unpredictable investment, so don't let the bull run or the increased price of bitcoin fool you. I wish you luck and more clients for your enterprise.

[Spaceman1000$]

I've been longing to Open my dream business for a very long time now, my dad is an influencial politician in my state. He has companies and some businesses and I've been pestering him to assist me with some funds to start my dream business of having my Own Bar but he never gave me a listening ear. Just on January 2 2024, He sent me #2,000,000 in my local currency which is about ($1560 currently in dollars and 0.037347 in BTC) to start up my dream business.
             I was so happy and thankful to him for giving this assistance after a very long time I've been requesting money from him to start up a business.

 Now I've furnished and equipped the bar with different brands of drinks. I was thinking of using Bitcoin as a medium of payment for my new business since there have been massive involvement of people from my country in Bitcoin after the initial ban placed on cryptocurrency in my country was being lifted.

My major setback now is the high transactions fees and congestion in the mempool but I've made provisions for my BTC Address to customers but for now they're still patronizing me in fiat.

The picture below shows the transaction I received from my dad and the setting of my bar:

 please help wish me well in my new achievement for the year 2024.

TRANSACTION OF THE MONEY RECEIVED FROM MY DAD


THE SETTINGS OF MY BAR







Edit: after much deliberation and suggestions from responsible members that gave their individual opinion to me here, I have therefore retorted to use TRC 20-USTD and BNB for payment hence, I've removed my initial wallet address i made available earlier as my intended payments method but however, I'm optimistic to use bitcoin as a payment method for my business in the future when transaction fees will definitely reduce to a considerate price and probably no congestion in the mempool.

As a Nigerian that I am, I can relate to your story but one thing you should understand is that most of your customers will be dealing with fiat, is only a very few of your customers that will make transactions with Bitcoin, you will always need to do some level of advertisement, letting your customers know that they can also pay in Bitcoin if they don't have fiat. Since you said opening a bar has always been in your mind, if not I would have advised you to use a good part of the money your dad gave you to invest in Bitcoin outrightly, however opening a bar too is also a nice idea, at least you're business orientated.

[salad daging]

You're a lucky guy because you didn't start your business from scratch looking for capital, while your parents gave you the capital.

Regarding your business that accepts bitcoin payments, I think it is still very difficult in an undetermined period of time, why? Because it is always unpredictable mempool even the surge can go up to 100sat / vB or even more so this will not benefit you and your customers.

Maybe there will be more advice to the lightning network, but is the majority there already familiar with this network? Because in general, it is still the onchain network that they use more.

[Ndabagi01]

My major setback now is the high transactions fees and congestion in the mempool but I've made provisions for my BTC Address to customers but for now they're still patronizing me in fiat.

Congratulations on starting your dream business. After achieving your dream from the start of the year, 2024 will be a rollercoaster year. The congestion of the mempool, which results in high transaction fees for bitcoin, has been a significant setback for businesses that use bitcoin as a means of payment. Individuals cannot confidently pay or send money without incurring high fees. I don't think anyone will want to pay in bitcoin right now; just keep collecting your payments in fiat until further notice.

Edit: after much deliberation and suggestions from responsible members that gave their individual opinion to me here, I have therefore retorted to use TRC 20-USTD and BNB for payment hence, I've removed my initial wallet address i made available earlier as my intended payments method but however, I'm optimistic to use bitcoin as a payment method for my business in the future when transaction fees will definitely reduce to a considerate price and probably no congestion in the mempool.

It is good that you listen to the advice of forum members who know more than you; this will help your business grow and attract customers of various types who will use different methods of payment to pay for your services. I don't think the bitcoin price will fall anytime soon because of the growing number of users on the network as a result of its widespread adoption. We remain optimistic that the transaction fee will decrease in the future, but it does not appear that it will happen anytime soon.

[SatoPrincess]

Congratulations @cryptoprincess101, don’t feel bad about the negative comments, you don’t have to prove anything to anyone. And @Agbe, if I recall correctly, just a year ago you were making similar threads, pushing for bitcoin adoption in your community. Quit bothering OP. He doesn’t have to give you the bar’s location or hang out with you to prove his story is real. Privacy should be respected, no one should be forced to dox themselves to prove a point.

~snip~

It’s bad practice to quote the entire OP if you’re not responding to a specific text in the OP. The thread is becoming difficult to scroll through because of the large size of images you quoted.

[Y3shot]

It is generally believed that all politicians in Africa are corrupt because bribery, looting and corruption are popular in government. But I am happy to know that your father is not part of the corruption that has kept Africa in perpetual poverty and underdevelopment. Tell your dad to keep up the good work.

Do you even think that her father is a real politician as she is claiming? Or it is for formality. Because from the way I observe and analyse the thread, I don't believe the story. Because a potential or influential politician daughter or son will not come to this forum to look for... There are some stories someone will tell me here that I will believe and not this type nof stories.

...my dad is an influencial politician in my state.]

Op do you really understand this statement in politics, and influential politician daughter or son is here. How? Is it that you are here to learn Bitcoin? If it to learn Bitcoin then you welcome but if it is the opposite then your story is a fallacy. And I will put your on my watch list to know if you are really an influential politician daughter or son. And things you discussed here will also showcase your identity as a politician daughter or son.

Bro you sound so funny, what do you mean? Do you think influential people can be in the forum?. We are all here for our different reason and the people this forum accumudates are all from different backgrounds. If you are here for a reason, do not think everyone here are here for the same reasons you are here. This forum accommodates people with different occupation and career, different family backgrounds.  You this is an anonymous forum that you can't really tell who people are .