Post
Topic
Board Bitcoin Discussion
Re: Advantage of Bitcoin as a business man or woman
by
₿itcoin
on 12/07/2025, 08:58:52 UTC
Bitcoin is a good way of promoting your business.there are no delay during payments, onlike are local banks that go on Holidays, Bitcoin doesn't go on holidays. The are  available 24/7. Let's all make good use of Bitcoin in our business. Bitcoin transactions can cost just fractions of a cent and it's really good for international payments.

But you have to understand that it's not instant as well, and there are fees that you need to pay and it's not constant as it depends on the network congestion. Not sure if you have been here last year when the fees are very high because of the ordinals and the constant and deliberate attack on the network. So just imagine if you are business that accepts Bitcoin that time, you might have to turn it off because no customers are willing to shoulder that huge fees. And probably this is the major reason why there are only few businesses that readily wanted to accept Bitcoin as a payment scheme. Another thing is that it's volatile and unpredictable. Not saying that it's bad for Bitcoin, but as a business owner you really need to understand how Bitcoin works.

CamilaStar is right, Bitcoin is really a revolution for international payments; it is something brouhaha our old banks can only dream of, no holiday breaks or something like that. You can send kitty worldwide, without the habitual middleman fees that eat into your profits, which is a sweet deal when tryin to move large sums worldwide or get payments faster than a snail's pace.

But cryptomaniac_xxx is not wrong about these fees. I could recall last year, when the entire ordinals craze slapped, right? it seems, the network was stalling like a bad hand, and the fees were skyrocketing, making small tx suffer like you were gambling the house. Yes, it is true businesses gotta be smart, understandin that while it is usually brisk (much faster than a bank wire atleast), it is not each time speedy, and tx costs are not a fixed bet, they could spring back around with network traffic. So when there is a chance of a royal flush for bitcoin dealings you have to play really smart, know when the fees are low, or you could use something like LN for them to play fast, cheap.