Post
Topic
Board Bitcoin Discussion
Re: bitcoin investment
by
bitzizzix
on 10/01/2024, 14:31:48 UTC
im very excited to share about one of my friends condition.
he lives in an asian country where bitcoin is not legal to government.
he invested in bitcoin and he owned a second hand motorbike shop.
now he wants to dealing with crypto for his shop.
in this circumstances what should he do or which step best for him.
expect better suggestion from good people
You can use Bitcoin as a means of payment in your used motorbike repair business, because you said Bitcoin is illegal in the country where your friend lives. And what your friend needs to know is the law that applies if Bitcoin or crypto is used as a means of payment, and your friend must know this in detail for his safety and also the risk of being caught by the authorities if he finds out.
And to make Bitcoin your business transaction, you and the seller or buyer must have a Bitcoin wallet to be able to carry out transactions with the consent of both parties carried out privately. Plus currently Bitcoin transaction fees are very expensive, and this is also something you have to think about.