Is there any disadvantages or advantages of receiving BTC as a payment?

Freshmen

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Quote from: sheenshane on November 26, 2017, 06:26:21 AM

Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

The disadvantage of bitcoin by using in paying bills is not reliable, because bitcoin is volatility the price is not fix when you pay that items. And also no refund once you've got error in typing an wallet address when making transactions. Beside that disadvantages bitcoin also have advantage on us. Faster and easy paying bills, profitable and also you might be saved and invest for your brighter future. Bitcoin also helps our daily needs.

Bitcoin is the perfect currency which has no disadvantages and the reason behind so much following of bitcoin is its perfection and volatility is the best benefit of bitcoin as it deliver so much profit by varying its prices and when it comes to me and my region we will gladly accept bitcoin payment because bitcoin is best mode of payment and wallet address related issues are technical issues those will sorted out easily.

sheenshane

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Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

The disadvantage of bitcoin by using in paying bills is not reliable, because bitcoin is volatility the price is not fix when you pay that items. And also no refund once you've got error in typing an wallet address when making transactions. Beside that disadvantages bitcoin also have advantage on us. Faster and easy paying bills, profitable and also you might be saved and invest for your brighter future. Bitcoin also helps our daily needs.

dawoodkhan97

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Bitcoin as a mode of payment for the client is not suitable
as due to no refund option and increased chances of scam.

Bitcoin for merchants is a good option due to the volatility
in its price, privacy and no charge back option.

I guess it all depends on who you're dealing with and how
well you know them.

Delarock

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I'd rather focus on the value of BTC. The advantage lies in the increase of Bitcoin's value. If the value of Bitcoin is going high, what you have received as payment of what you sold is considerably multiplied.

DoublerHunter

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The disadvantage that i know for accepting bitcoin as a payment is you are risking your possible profit or money in volatility because the volatility can give you either profits or losses so it is a high risk if you are very concern in money. The advantage of getting bitcoin as a payment is, it is fast and cheap in terms of fees so you don't need to worry for going out just to make payment because you can finish the payment in your home.

fishbonez11

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The advantages of receiving bitcoin as payment includes fast and easy transaction and lower transaction fees compared to other payment methods. You can offer this option so that it will a lesser transaction fee for whoever will shoulder it. Some disadvantages includes that not all people use bitcoin, or uses bitcoin but is not very technical, amd the price is not stable so may receive a lower amount as payment. So you may need to adjust your pricing for a threshold.

DewiKirana

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The advantages and disadvantages of the bitcoin depends on where we live (the country) we live in. Since there are several countries that support and legalize bitcoin, it certainly makes bitcoin has more dominant advantages. So the shortcomings and the advantages of bitcoin vary in each region.

erickkyut

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Yes there are advantages and disadvantages when receiving Bitcoin as mode of payment. The advantage is that it is easily accessible and very comfortable to use. The disadvantage is that the price is very volatile. It changes every minute so there is no definite value as to what you are going to receive. Another disadvantage is the very high transaction fees.

100%succes

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Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

which I experienced, the advantages of buying in bitcoin easier and faster transaction so as to make it convenient in transactions safe and reliable.
loss, when selling bitcoin and later on the bitcoin price went up. all that happens because of the uncertain bitcoin price.. which every month goes up and down.

filharvey

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It would be an advantage of receiving BTC as a payment if its price suddenly increases and it would be a disadvantage and loss if the price of bitcoin suddenly falls.

Another advantage is that our payments received in bitcoins would be tax free unless bitcoin gets regulated in our country.

Disadvantage is that even if we receive our payments in bitcoin,we would have to convert it in to fiat currency to spend it as we don't have enough stores accepting bitcoin payments.

AmXProX

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Both an advantage and disadvantage is the change in prices from time to time, if you sold a product for $100 it will not be the same amount by tomorrow it may cost more or less. You can consider this as an advantage or disadvantage but if you use it right you will definitely earn more if you accept bitcoin as a mode of payment.

Immakillya

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Yes, there is. That's why we see only few business are accepting this kind of payment. They are hesitant because of it's price. The fluctuation of price can make their business unstable. If they accept bitcoin while it's still high and then it drops drastically. That's messed up. You lose your income and even capital. But some are brave to accept bitcoin as a way of payment be ause they know they could get a huge profit in return.

Some business that accepts Bitcoin has third parties. Some of them have partnership with exchanges which they are able to convert Bitcoin to fiat immediately as soon as they receive the payment. Alibaba for example. But the reason why it's not happen is because of exchange ban in China. Alibaba is a Chinese company. They were unable to get third party since exchanges there are banned.

sofi@

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The advantage and disadvantage of receiving bitcoin as a mode of payment will be based on how you will handle it if you convert them when the price is low then you incurred loss but when then price is high the other thing around happen. The nature of bitcoin is fluctuating value but it is both for good and bad depends on you

jekjekman

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Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

Disadvantage would be not receiving a fiat. Especially if you are selling goods that you bought
with fiat that you need to rebuy another stocks after selling it. Advantage is that you has a chance
of earning more on the sale that you made, on top of the mark up amount that you added on the price,
bitcoin price might also chance with will add or subtract from your income.

hacker1001101001

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Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

I think it is profitable as bitcoin is a currency which does not have stable price if a person gets bitcoin worth 100$ today it can also reach 120$ the next day this gives profit for the user, and using BTC for transaction will also decrease the fee required to change the bitcoin to cash or normal currency.

gabmen

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Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

If there are, the advantages well outweighs the disadvatages. Ease, security and quick transactions would be the most liked factors about sending and receiving money through btc aside from thr fact that the price grows in time so you'll ve receiving a growing amount as payment

potatocorner

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The advantages of receiving bitcoin as payment is it maximizes the use of bitcoin and it allow users to engage transaction between cryptocurrencies. The disadvantage of it that its value cannot be controlled so it will rise or fall anytime, in the times you needed a cash, the value of bitcoin may not be that great.

RayvenPierre

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The biggest advantage and disadvantage of bitcoin is that it has a very high volatility. The price varies from time to time and if you are gonna be making a transaction, you would not be able to avoid having the value of your bitcoin be lessen if the price went down and on the other hand if the price went up the value of the transacted coin increases as well.

0t3p0t

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Quote from: Jaycee99 on September 17, 2017, 07:52:47 PM

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

Yes of course because in every assets there is always advantages and disadvantages especially transactions like sending and receiving Bitcoins. Based on my experience, these are the things I had observed. First, let me tell you the advantage that is good on our side as receiver. When we received our payment from anywhere we get it from or maybe like payments from signature campaigns or from selling goods, then suddenly from the current price skyrocketed let's just say into like an all time high so we have now our profit. Second the disadvantage is when the price drops from the time we receive the Bitcoin payments. Bitcoin is volatile so therefore, up's and down's may happen anytime. Same with the sender volatility is a problem too plus the transaction fees that is so high these days.

ajmapalo22

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I only see advantage in receiving bitcoin as a mode of payment but the one who receives must know when is the right time to convert them, right now the value of bitcoin is in the increasing track the fluctuations is only a sort of opportunity for those who wants to invest but in the end bitcoin falls on appreciation so when you receive bitcoin as a payment I'm sure after few more months you will earn good profit from it.

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