Post
Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin
by
BVeyron
on 01/09/2023, 21:44:54 UTC
Since I joined this forum I have always wanted to invest in Bitcoin however Bitcoin investments in my country is not easy because of our currency value and the government is not in much support am currently working on convincing my mom to accepting Bitcoin in her tailoring shop i Also intend on hodling those Bitcoins

I would appreciate any advice on this my move



I think that it would be a good idea, but the thing you should take into account is the legal status of cryptocurencies in your country. There are many legal issues with cryptocurency in any country, so these things are better to be clarified before starting such initiative. Moreover, its essential to predict income rise folowing the introduction of direct crypto payment (it may bring thousands of new customers in some areas, while in some other places it won't change income rate at all). As for hodling, you are right, I assume that long-term hodling is the best strategy if you have BTC.