Post
Topic
Board Economics
Re: The best way to get Bitcoin is not to buy it!
by
knowngunman
on 16/07/2023, 09:21:37 UTC
Bitcoin, the revolutionary digital currency, has captured the world's attention as a decentralized and secure way to transfer value. While many people have traditionally acquired Bitcoin through exchanges and investments, there's a lesser-known yet powerful method to obtain this coveted cryptocurrency: receiving Bitcoin as payment for goods and services. In this guide, we will explore why earning Bitcoin through transactions is the best way to get your hands on this digital gold.

Again, this post will be suitable for bitcoin discussion board which I think you should move it here .

Accepting bitcoin as payment for your goods and services is a nice idea and you got some important point in your post but have you think about it negative side as well? Like the negative impact it will have on your business? Well, I will talk about few now.
firstly, if your business is about selling goods then this will certainly not work for you well because you will need to buy goods after your stock finish  and you will pay them (by bitcoin if they are accepting or by converting it which is another waste of time) to buy new goods. At the end of the day, you'll only have a meager quantity of bitcoin which you will feed from it too. it will take you a decade before you accumulate a reasonable portion of bitcoin. In this case, you can only buy bitcoin to aquire more bitcoin.

Secondly, you'll lose some customers who are not familiar with crypto. If you are living in a country where bitcoin is not legalized, it is another challenges. You might wake up one day and see that you've killed your own business by looking at your wallet and see $0.05 as your balance just like Luna did and you won't be able to buy goods again. Lol  Grin

The point I'm trying to make is that, you should consider the negative impact as well.