Would you adopt Bitcoins flexibility?

[OcTradism]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

It depends on your business size that if is big enough, would be more easily to accept bitcoins as your company won't have big issue with money flow and store bitcoins received from customers or business partners as your company treasury as well as fees in Bitcoin transactions later.

The Bitcoin mempools have been so better recent months and transaction fees on chain were much cheaper than in the past years so it opens more chance for accepting Bitcoin.

Bitcoin is very helpful for any company that consider using part of their business revenue as long term investment in Bitcoin.
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y

[purple_sparkles]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

It depends on your business size that if is big enough, would be more easily to accept bitcoins as your company won't have big issue with money flow and store bitcoins received from customers or business partners as your company treasury as well as fees in Bitcoin transactions later.

The Bitcoin mempools have been so better recent months and transaction fees on chain were much cheaper than in the past years so it opens more chance for accepting Bitcoin.

Bitcoin is very helpful for any company that consider using part of their business revenue as long term investment in Bitcoin.
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y

Much depends on the expenses required to run a business. Unfortunately, not all companies currently accept bitcoin payments, and in addition to savings, working capital is also necessary. If part of the funds needs to be reinvested into operational activities, then paying in bitcoin is not the most convenient option. This, of course, applies more to production and procurement.

[free-bit.co.in]

In business, profit is the main goal, so what benefits and profits will accepting bitcoin bring to our business?

So, it will depend on the size of the business, the business model. There is no need to accept Bitcoin even if the government has legalized it if our business only sells simple, small items and the customers are only locals. They are not inclined to use bitcoin for payments, or do not want to spend their bitcoins.


Conversely, if our business is a multinational and regularly conducts online transactions, we may consider accepting bitcoin if it can save costs and time.

[traderethereum]

Acceptance by the government of the use of Bitcoin in payment. If they don't allow citizens to use it, I can not break it because that could risk me being confronted with their law. Legalization is important to Bitcoin because the government will not agree to something that they can not control.

I don't use Bitcoin for transactions and only hodl it. But I sell some  portion and make a profit from Bitcoin. I think that is the best thing that I can do now while waiting for their next regulation related to Bitcoin. Besides that, many people in my country still don't know much about Bitcoin and how to use it.

[WatChe]

Acceptance by the government of the use of Bitcoin in payment. If they don't allow citizens to use it, I can not break it because that could risk me being confronted with their law. Legalization is important to Bitcoin because the government will not agree to something that they can not control.

I don't use Bitcoin for transactions and only hodl it. But I sell some  portion and make a profit from Bitcoin. I think that is the best thing that I can do now while waiting for their next regulation related to Bitcoin. Besides that, many people in my country still don't know much about Bitcoin and how to use it.

We can use Bitcoin for day to day transactions only if government has legalised it's use in the country. Right now not many countries have legalised use of bitcoin, that's we have low rate of Bitcoin adoption around the world. Moreover we have also seen that how Bitcoin price has gone up since it's launch. Bitcoin price started it's journey from zero dollar and in 15 years it managed to make it to 124k, that's why majority are hodling it rather then using it for day to day transactions.   

[hero_the_bossman]

In business, profit is the main goal, so what benefits and profits will accepting bitcoin bring to our business?

So, it will depend on the size of the business, the business model. There is no need to accept Bitcoin even if the government has legalized it if our business only sells simple, small items and the customers are only locals. They are not inclined to use bitcoin for payments, or do not want to spend their bitcoins.


Conversely, if our business is a multinational and regularly conducts online transactions, we may consider accepting bitcoin if it can save costs and time.

Maybe people would be inclined if they got some more cashback / privileges to use BTC, because otherwise, it would probably be better in some cases, but all the people would know what fiat is and how it does things, then why is BTC there..

[Rockstarguy]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

I am not a business man in the sense that I don't have an online or offline store where I sell stuff but I am a business man on the sense that I sell my services to people via the skill I can offer and ofcourse I do accept Bitcoin as a medium of payment.
I think for even Crypto-currency enthusiasts out their the situation of adoption or Falling out with the government are the reason why they haven't openly made Bitcoin a means of payment for themselves.

The majority understand Bitcoin and know it is good for business, but the reason they haven't adopted Bitcoin as a method of payment is because the government hasn't declared acceptance of Bitcoin. Some business people may be accepting Bitcoin from a few individuals, but this is at a low level, and they wouldn't want to make it public.

So, it is because of the government that Bitcoin is not leading as a major payment option. It is difficult to adopt Bitcoin for payment in business because in places where Bitcoin is not fully adopted, the government sees it as a threat.

[betswift]

The majority understand Bitcoin and know it is good for business, but the reason they haven't adopted Bitcoin as a method of payment is because the government hasn't declared acceptance of Bitcoin. Some business people may be accepting Bitcoin from a few individuals, but this is at a low level, and they wouldn't want to make it public.

So, it is because of the government that Bitcoin is not leading as a major payment option. It is difficult to adopt Bitcoin for payment in business because in places where Bitcoin is not fully adopted, the government sees it as a threat.

Agreed.

As for now, in many places, BTC would be seen as going into the grey zone, which the govs wouldn't like, and would probably see it as a casus belli to look into your finances more thoroughly.

[passwordnow]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

The acceptance as per area where we at is one of the reasons why many merchants don't accept it yet. Maybe on special occasions that they are accepting it if a customer voluntarily asks them to get paid in Bitcoin. But we're already going there, more and more merchants we see them accepting Bitcoin to their businesses and so, they can also have it as a holdings. Some of those that are accepting it doesn't mind getting paid with it because they'll convert it asap through a third party.

[john_egbert]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

The acceptance as per area where we at is one of the reasons why many merchants don't accept it yet. Maybe on special occasions that they are accepting it if a customer voluntarily asks them to get paid in Bitcoin. But we're already going there, more and more merchants we see them accepting Bitcoin to their businesses and so, they can also have it as a holdings. Some of those that are accepting it doesn't mind getting paid with it because they'll convert it asap through a third party.

Usually if individual merchants do it, they do it without the gov having its share of the pie in the matter, and that's what may bug them off.

For that reason BTC should be regulated to be an alternative to be used, not some asset that everybody just has - but can use too.

[bitbollo]

In my country they have left some "unclear" laws about the argument.
Just few tax attorney are able to comply with such regulations (and I guess they are trying to be over compliant because everything is "in doubt")
In any case, excluding just specific purchases, I have seen rarely people trying to pay with bitcoin.
You can just exchange for cash... it's much easier and even cheaper. Many years ago, I tried to buy a second hand car but they charged +20% if paying directly with bitcoin.
After my laughs I pay with Fiat

[batang_bitcoin]

As for now, in many places, BTC would be seen as going into the grey zone, which the govs wouldn't like, and would probably see it as a casus belli to look into your finances more thoroughly.

And they are not willing to do it because for them, it's going to invade what the attributes the government has like in its traditional assets and investments. While citizens are open and welcoming to it but not them. We would and have been flexible into its adoption, whether we receive pay or we pay using Bitcoins. We're very flexible and we're into both of it.

[hero_the_bossman]

As for now, in many places, BTC would be seen as going into the grey zone, which the govs wouldn't like, and would probably see it as a casus belli to look into your finances more thoroughly.

And they are not willing to do it because for them, it's going to invade what the attributes the government has like in its traditional assets and investments. While citizens are open and welcoming to it but not them. We would and have been flexible into its adoption, whether we receive pay or we pay using Bitcoins. We're very flexible and we're into both of it.

They would want to have their shares in it, if even allow it at all - and if they would go for the path where our BTCs turn back to fiat while we use it, it would be not worth it at all.

[passwordnow]

The acceptance as per area where we at is one of the reasons why many merchants don't accept it yet. Maybe on special occasions that they are accepting it if a customer voluntarily asks them to get paid in Bitcoin. But we're already going there, more and more merchants we see them accepting Bitcoin to their businesses and so, they can also have it as a holdings. Some of those that are accepting it doesn't mind getting paid with it because they'll convert it asap through a third party.

Usually if individual merchants do it, they do it without the gov having its share of the pie in the matter, and that's what may bug them off.

For that reason BTC should be regulated to be an alternative to be used, not some asset that everybody just has - but can use too.

It doesn't have to be regulated but what government needs to regulate are the exchanges themselves. And that's why the other people that are still skeptic of Bitcoin is because with government's hand on it, making it look like something bad. And we cannot force everyone to use it because for as long as it's been used as an asset nowadays, many will also do the same thing because they see the bigger value from it.

[Iranus]

Most people don’t understand that Bitcoin is money , digital cash. They think it’s unstable and volatile, and that it’s only for speculation. buy low, sell high. Many believe it’s just a payment network, blockchain, crypto, or even a stock. They completely miss the point that Bitcoin is a monetary system and money. Most people don’t even understand inflation or how fiat currencies work, so they assume fiat is stable while Bitcoin is unstable.That volatility of Bitcoin’s price against fiat currencies discourages and scares many. But once you go deeper down the rabbit hole, you realize that Bitcoin is actually a much more stable form of money than fiat currencies, which are inherently insecure, volatile, inflationary, and constantly losing value.

It will take quite some time for people to realize that Bitcoin grows long-term against the dollar and other fiat currencies, and that it will not collapse. Once people understand that Bitcoin is a reliable store of value, they will want to use it as a medium of exchange. Every form of money must first prove itself as a store of value, only then can it become a medium of exchange, and finally a unit of account.

I believe most people understand that bitcoin is money, it is peer to peer currency but they don't want to use it that way. Because frankly, using bitcoin as a currency doesn't offer any greater benefits than using it as an investment. So don't assume that the crowd just wants to invest in bitcoin and not use it as a currency because they don't understand it.

It's been over 16 years and more and more people are losing interest or newbies don't know the original purpose of Bitcoin. So I think bitcoin cannot become a currency one day.

[batang_bitcoin]

As for now, in many places, BTC would be seen as going into the grey zone, which the govs wouldn't like, and would probably see it as a casus belli to look into your finances more thoroughly.

And they are not willing to do it because for them, it's going to invade what the attributes the government has like in its traditional assets and investments. While citizens are open and welcoming to it but not them. We would and have been flexible into its adoption, whether we receive pay or we pay using Bitcoins. We're very flexible and we're into both of it.

They would want to have their shares in it, if even allow it at all - and if they would go for the path where our BTCs turn back to fiat while we use it, it would be not worth it at all.

They understand it wrongly if they want to have shares in it. What they should do is to acquire it on their own having their own budget. Because that's how it goes and most of them will enjoy the profits if they'll continue to accumulate and have nothing to do but wait. It will be worth it for them by simply understanding how its charts went from zero to hero for the past decade and if that won't motivate them, I don't know anything about them anymore.

[Adams0001]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

Most people don’t understand that Bitcoin is money , digital cash. They think it’s unstable and volatile, and that it’s only for speculation. buy low, sell high. Many believe it’s just a payment network, blockchain, crypto, or even a stock. They completely miss the point that Bitcoin is a monetary system and money. Most people don’t even understand inflation or how fiat currencies work, so they assume fiat is stable while Bitcoin is unstable.That volatility of Bitcoin’s price against fiat currencies discourages and scares many. But once you go deeper down the rabbit hole, you realize that Bitcoin is actually a much more stable form of money than fiat currencies, which are inherently insecure, volatile, inflationary, and constantly losing value.

It will take quite some time for people to realize that Bitcoin grows long-term against the dollar and other fiat currencies, and that it will not collapse. Once people understand that Bitcoin is a reliable store of value, they will want to use it as a medium of exchange. Every form of money must first prove itself as a store of value, only then can it become a medium of exchange, and finally a unit of account.

Exactly, that is what some people that don't understand Bitcoin. They think is another method of getting money thy didn't know that you can make transactions with it that is why knowledge is the key to success. And some people that know bitcoin is used for transactions they can't do it because the country don't accept Bitcoin transactions in the country and businesses people don't accept it that is why he usually difficult for people to know value of bitcoin.

When you understand Bitcoin very well you will wish that all country to accept it and make things easier, but many government believe that when anytime they accept Bitcoin, paper money won't have any value anymore because Bitcoin will overtake them up, and local bank won't function like before anymore. everyone will turn to Bitcoin transactions and savings there funds in the wallet, anytime they have the used they will just run transactions with it, but he will always be difficult for all country to accept Bitcoin because the government doesn't have rights to control it. and that is what will be savings Bitcoin because if people are controlling it as how Paper money is. he will definitely reduce value. But I just get believe that one day Bitcoin will be the best in every country.

[uchegod-21]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

One reason is government's restrictions. Bitcoin is not officially recognised as a means of payment in my country, it is not a legal tender and does not have the support of the government. Infact, government officials see bitcoiners as suspects. As a business person, I can't make anyone pay me in bitcoin except they are willing to make payments in bitcoin. But who would want to patronize me, paying bitcoin for what they buy when the few bitcoiners around see it as an investment as not as money? The thought of this does not encourage me to make bitcoin a payment option.

Another reason is how knowledgeable people around me are about Bitcoin. Only few persons understand what Bitcoin is and how to use it. No matter how hard I try, bitcoin will not be a preferred choice for people who want to make payments.

[goldkingcoiner]

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

I think most people do not want to hassle with new technology. That is like 99% of all the reasons most people have when it comes to the question of why they continue using fiat vs cryptocurrency. Both the business owners as well as the customers are reluctant to leave behind an old system just because they have gotten used to it in time. The newer generation business owners which we will see in the coming years might think differently on this matter. But I doubt we can convince most of the old generation.

[Donneski]

what's stopping you from accepting Bitcoin for your business transactions?

Let me speak for most according to my observations
1. Ignorance about Bitcoin
2. Demonization of Bitcoin by their Governments and Central banks. Some countries still deem Bitcoin as illegal.
3. Some of them feel or think that the process using or carrying out Bitcoin transactions is too technical for a layman
4. Yes we are in 2025 but some business lack the infrastructure to accept online payments. Shocking, innit?

The issues you raised are very real and relatable especially for people in rural regions with limited access to internet. Some of these business owners the areas I mentioned don't even believe in Bitcoin is existence. To them, it is an illusion that has no physical backing (like gold or land), so they call it imaginary money that can disappear to thin air which is why they don't wanna adopt it.

As a freelancer, accepting money in Bitcoin haven't been my problem, infact, I prefer being paid in Bitcoin than in fiat. That said, I think it's important that we continue to sensitize as many people as possible about Bitcoin so they'll also join in adopting it.