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Accepting Bitcoin good for collecting

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  • matt_dacmatt_dac Posts: 961 ✭✭✭✭✭
    edited March 15, 2021 7:44AM

    @Tiggs2012 said:

    @matt_dac said:
    Unless of course the physical coin
    seller wants to accept the high risk crypto payment for the chance to get that high return.

    No, the reverse is actually true as its non-risk compared to risky cash. You can't reverse a crypto payment nor chargeback or cancel it. Plus, it adds further security, timeliness, etc. People are chasing a red herring with this volatility nonsense, amazing how its a non-issue for businesses like apmex, jmbullion, etc.

    A billion dollar transaction occurred this weekend with like 0.0000005% fees(50bucks) safely/securely, no merchant fees either. Great to see so much information here, tells me my bitcoin has more room to grow and still early. Backend adoption is increasing and accelerating, lots of people using it unknowingly.

    I don't know what you are replying to, but crypto is a high risk investment, with potential for great returns or losses. As a crypto investor, I would gladly accept BTC.

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    I hope this Bitcoin downturn picks up some speed so I can buy more Bitcoin.

    https://youtu.be/qMQETp7Dxyo

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Watching Bitcoin today is like watching paint dry.

    Come on, we need a little more volatility, for sport :o

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