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RE: Selling Physical Goods for Bitcoin or Crypto Currency? As a Small Business, a Little Guys Outlook.

My suspicion, and this may be coming from an unusual place, but it's probably unwise to try and get ahead of your clients in terms of what currencies they want to give you. If there was a demand for your services being delivered in bitcoin, if people had asked repeatedly if they could buy a CNC with bitcoin, it would be a different thing.

But as a small business owner, you know that if there's no demand for a product it doesn't matter how much you want to sell it to them – they won't buy it. They have no need for it. They have no passion for it. As such, they don't want to use it.

This is a harsh truth, but it's absolutely true.

As a small business owner, you can't afford to tie up physical resources that could go toward improving the business that you do chasing some imagined business that you don't. Luckily, it's really easy to keep a bitcoin wallet for the business stuck over to the side and it costs you nothing to maintain.

Here's the honest truth: most people don't want to pay with bitcoin because the service fees in the overhead and the hassle are a bloody nightmare. As a consumer, you never know what the value of the stuff in your wallet is going to be from day-to-day or week to week, and as such you can't make good, informed decisions about what reasonable costs are. Similarly, as the business owner, because of the crazy volatility and the absurd transaction fees, you can't decide from day-to-day how much something should cost. Without the ability to gauge costs, you can't run a business.

So if the question is "how can I explain the process of buying bitcoin and sending bitcoin in such a way that a normal consumer would feel comfortable using the platform to make purchases?" You can't.

That's because a rational consumer wouldn't feel comfortable using the platform to make purchases.

This is probably not the answer that you wanted to hear, but it is a true answer.

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It is true that I have not had requests to buy the CNC for bitcoin before this point.

There is demand for the product specifically, I have had a good amount of inquires about the promotion and I do decent in sales for traditional currency.

About bitcoin specifically it just seems like it is intimidating for them.

Your answer is very true though.

We are not specifically worried about the volatility of bitcoin or our physical stock because we are supported by a parent company.

We are not planning on converting any bitcoin gained from the sales into USD.

At least that is my understanding from the conversations I held with the co-owners regarding this move.

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