I don't understand how you could lose money doing this?
EDIT: Oh, you instantly transfer and sell on an exchange. There are services that will cash your coin out for you and take the hit so you don't have to.
Topic: Bitcoin sucks! - page 5. (Read 3222 times)
BitPay could convert
How BitPay is better of other exchangers?
What is the actual Exchange rate there?
I have heard that BitPay could convert between BTC and local money on the spot. Have you tried it yet before completely abandoning Bitcoin?
usually the auto conversion is fast enough to avoid losing money and with the current Bitcoin swings you should not lose much
also you must consider the time where you sell when the value go high I'm sure you would be + ev there
anyway if we're a business i would hold to squeeze as much as possible from my revenue, selling now in a uptrend market is stupid
also you must consider the time where you sell when the value go high I'm sure you would be + ev there
anyway if we're a business i would hold to squeeze as much as possible from my revenue, selling now in a uptrend market is stupid
Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
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