Man i closed my first successful business last year to think what i what i want to do next.
So you are not teaching me anything.
If you are talking about an Amateur business owner that’s what they do.
Professionals have a fucking lawyer saying what they can do and what they cant.
That’s bullshit what you are saying, my lawyer that is a very good friend teached me well..
It’s from my experience talking with small business owners around about them potentially accepting #Bitcoin payments.
That’s why they are small, if they don’t want to learn, they will be small forever 😉
Congratulations!
It’s not a question of amateur/pro or large/small, or lawyer or not, it’s a question of operating margin relative to bitcoin’s volatility, or more generally short term bill volatility resilience I think. Is it not?
Yes it is
Professionals don’t care about volatility
And professionals never sell, they only buy
How would, for example, small pub operate if their customers pay in #Bitcoin, they never sell, but their suppliers want fiat, their rent and utilities are denominated in fiat and needs to be paid in fiat?
You need to understand small business’s will not turn down FIAT, and they use FIAT for everything, that’s why..
They can use FIAT money to pay bills and keep the money that SMART people gives to them, EASY
That’s with assumption that only very small percentage of their customers pay in #Bitcoin and fiat income is enough to cover all expenses.
Do you ever opened a business?
Do you have experience to manage finance and never get your people out of money because of you?
My first employee was making more money that me, because what i wanted in the first business were the LESSONS, not the money
That is true, only a small percentage have #Bitcoin to pay in #Bitcoin
That’s what separates reality from dream’s
That’s not how you convince merchants to start accepting #Bitcoin - don’t worry about volatility, nobody will pay you in #Bitcoin anyway.
Numbers differ from event to event - during Baltic Honeybadger conference in Riga few months ago total turnover for street food merchants was above 1 BTC in a few days (see BTCPay Server report), they weren’t bitcoiners, they wanted fixing price in fiat, so there were configured automatic swaps to USDT on Liquid.
Do you have the numbers?
Less than 5% of people of the world have #Bitcoin
Go see the numbers, numbers and code never lie in #Bitcoin
