Tips on Btc?

[The 2g]

Does anyone have any beginner tips on btc? like should i wait till i exchange my btc to irl etc?

Just a few questions i have:

Should i exchange my BTC as soon as i get them for irl? Or wait till the price rises a bit

Is it worth accepting BTC over say.. PayPal?

Should i be scared of BTCs crashing?

 

[Xier0]

Does anyone have any beginner tips on btc? like should i wait till i exchange my btc to irl etc?

What do you mean by wait?

 

[The 2g]

What do you mean by wait?

Like doesnt the price of btc fluctuate?

 

[Xolr]

www.weusecoins.com is a good start for btc.

Furthermore you'd get more answers if you asked specific questions.

Yes the price of BTC fluctuates; but so does gold, silver, Euros and USD...

 

[The 2g]

www.weusecoins.com is a good start for btc.

Furthermore you'd get more answers if you asked specific questions.

Yes the price of BTC fluctuates; but so does gold, silver, Euros and USD...

edited my post for some specific questions, thanks

 

[RLdiamond]

The beauty about Bitcoins is it makes many online payments much easier and allows you to expand your market whether you receive or make payments...

I myself have no trust in bitcoins and I never allot my wallet to exceed 1k$... but if you are talking about small amounts up to 1 max 2 BTC, you shouldnt worry much because if bitcoin crashes, it wont be anytime soon. Minor decrease in its price wont affect your small bankroll much.

 

[The 2g]

The beauty about Bitcoins is it makes many online payments much easier and allows you to expand your market whether you receive or make payments...

I myself have no trust in bitcoins and I never allot my wallet to exceed 1k$... but if you are talking about small amounts up to 1 max 2 BTC, you shouldnt worry much because if bitcoin crashes, it wont be anytime soon. Minor decrease in its price wont affect your small bankroll much.

thanks for the input bro!

 

[Aelytic]

The price of cryptocurrency does fluctuate a lot, however I'm not scared of holding any Bitcoin personally. The reasoning being, that there is pretty much equal opportunity for it to both rise or drop.

It might drop by 5%, it might rise by 5% - it's simply a gamble you take when using Bitcoin. I think Bitcoin is more likely to rise in the long term as well.

If you're selling goods, it's always great to accept Bitcoin as there's no risk of chargeback, there's lower fees and you can find additional customers by doing so.

 

[Xolr]

There are exchanges that instantly convert bitcoin to USD to and from bank accounts without worry. For example, with an online store a customer can buy a product or service with bitcoin and you can have USD in your bank account the next day with little to no fee. This prevents any worry from fluctuation in price.

 

[The 2g]

Ty for the good tips, this site is very active

 

[Paper Town]

BTC isn't consistent so I would sell it for what you get it for, unless the price is already dropped a lot and it's not worth it.

 

[The 2g]

BTC isn't consistent so I would sell it for what you get it for, unless the price is already dropped a lot and it's not worth it.

Thanks that it probably what i will do.

 

[Electrum]

I believe Bitcoin has come to the stage where you shouldn't be "scared" of it, just refer to it as another currency, yes it fluctuates but it has always came back etc. No one can tell you wether to hold it or not, no one else knows if it will drop or rise etc. I would suggest holding onto it though, that's just my opinion. Do your research and learn about it. #1 TIP!!! DO NOT BE SCARED