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BFT3K · 04-19-2013, 08:13 AM

I am not a gambling man. If I were to ever use bitcoins as a payment option for a site membership, I would never hold any bitcoins in reserve.

A person pays $10 to $20 in bitcoins, and as soon as humanly possible, I would want that money wired into my account.

I think coinbase pays out once daily (but I could be wrong). There is always the chance that the exchange goes up or down a bit before you get paid, and that is a risk, but if you cash out on a daily basis the risk is relatively low. Even if the currency crashes 100% the most you would lose is one day of bitcoin join sales, so no big deal.

I would not trade or horde bitcoins however, as again, I am not a gambling man.

04-19-2013, 08:13 AM
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	I am not a gambling man. If I were to ever use bitcoins as a payment option for a site membership, I would never hold any bitcoins in reserve. A person pays $10 to $20 in bitcoins, and as soon as humanly possible, I would want that money wired into my account. I think coinbase pays out once daily (but I could be wrong). There is always the chance that the exchange goes up or down a bit before you get paid, and that is a risk, but if you cash out on a daily basis the risk is relatively low. Even if the currency crashes 100% the most you would lose is one day of bitcoin join sales, so no big deal. I would not trade or horde bitcoins however, as again, I am not a gambling man. Last edited by BFT3K; 04-19-2013 at 08:16 AM..