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Originally Posted by JerseyPuma
at this point, youre not going to get rich just by accepting bitcoin as payment on a relatively small business. you should accept it if you are a believer in decentralized and trustless payment systems and want to do your part to see it advance. further, if you think bitcoin (or some other cryptocurrency) is going to appreciate in value vs. some other currency, fiat or otherwise, you should trade into it and make gains.
its clear you dont believe, and its clear that i do. so you should stay away, and i will not.
also, amazon does not accept bitcoin. but if/when they do, and you still maintain your position, there is nothing that i or anyone else can do for you on the subject.
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I did realize it after posting it about amazon but actually now thinking about it amazon is a great example of real world use. The reason they couldn't and wouldn't even consider it is because they are basically just middlemen. The volatility in bitcoin wouldn't work there.. They can't accept a price for their suppliers and come back a day later telling them they get less because bitcoin price dropped.
Quote:
Originally Posted by JerseyPuma
you're right. i haven't said anything intelligent or specific here at all. including the post from days ago where i said that i thought $3000 was looking like a good buy opportunity, especially since bitcoin dropped to $3000 this morning and currently sits around $3700.
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But you are talking profiting from the buying and selling of bitcoin itself. I've never knocked that game and props to any and all who make a living from it. But in the end even those who are just seeing it as an investment need real world use of it. And for real world use you need stability.