Quote:
Originally Posted by woj
Everything you said is more or less true, but doesn't change the fact that as long as you use some common sense there is $$ to be made with relatively low risk from jumping on the bitcoin bandwagon...
For example, if you run a paysite, you start accepting bitcoins, and withdraw all income in USD regularly, likely you would score some easy sales with pretty much no downside... what's the worst that could happen? Even if everything implodes overnight, at worst you will lose few days worth of sales that likely you wouldn't have had in the first place?
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WOJ I completely agree! Infact i've invested money in Bitcoin & Litecoin and I sell everytime it hits a certain point, even though putting any fiat into Bitcoin/alt currencies is high risk it's also high reward.
I took exception of being called an idiot by GFYs favourite troll because all he does is pump the pros and takes extreme offence when anyone points of the cons, many of which he doesn't even understand.
Totally agree, there is no reason not to add bitcoin to paysites atm. It's worth it just for the free publicity. You're absolutely right, very little risk on the side of paysite owners to accept it with BitPay or whatever alterative anyone favours.
Anyone who runs a cam site should look at the Bitcoin tipping system Reddit has implemented, that would do great on cam sites!
Quote:
Originally Posted by helterskelter808
This is about Bitcoin being a currency, not a commodity. In terms of being a currency, Bitcoin would be far better off without the exchanges.
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It started as a currency but it's being traded as a commodity hence the volatility. You're correct that without the exchanges and the massive inflow of money within the past year (worth over 20x what it was this time last year) then it wouldn't even be on any governments radar but it would still exclusively be a play thing for geeks & criminals etc
Quote:
Originally Posted by mayabong
The allure of bitcoin is that it's not controlled by a bank.
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And the problem is banks want to control everything and it has been freely admitted on this very forum by Franck one of the weakest points of Bitcoin currently is that Mt Gox control 70 - 80% of trade volume.
So when they get attacked, bad news story anything really then the price drops.