Why do gold sellers accept crypto during volatile times?

Discussion in 'Market Discussion' started by AQ_unique, May 11, 2020.

Why do gold sellers accept crypto during volatile times?
  1. Unread #1 - May 11, 2020 at 3:26 PM
  2. AQ_unique
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    AQ_unique Member

    Why do gold sellers accept crypto during volatile times?

    I’ve come across many gold merchants who make $0.01 profit per mill 07 sold, yet they still take crypto on days where it’s not stable. I do understand crypto is the best medium of exchange rn for these type of transactions with pp/bank transfers being a pain in the ass to use; however, it still confuses me when they’d be better off holding their crypto.


    Sorry if this has been asked before, just curious.
     
  3. Unread #2 - May 13, 2020 at 7:53 PM
  4. bargain booze
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    Why do gold sellers accept crypto during volatile times?

    probly because its more stable than paypal ect who can just freeze all there assets
     
  5. Unread #3 - May 18, 2020 at 2:52 AM
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    Why do gold sellers accept crypto during volatile times?

    I wouldn't sell anything via paypal(unless highly trusted) over btc just for the fact of charge backs, might lose a bit from price fluctuations but at least I have some form of control over btc, recently I've actually gained a bit more from btc going up
     
    Last edited: May 18, 2020
  7. Unread #4 - May 18, 2020 at 5:58 AM
  8. ding_dong
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    Why do gold sellers accept crypto during volatile times?

    Safe from taxes lel
     
  9. Unread #5 - May 19, 2020 at 6:29 PM
  10. YoHoJo
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    Why do gold sellers accept crypto during volatile times?

    Smaller fees and no chance of chargeback with crypto.
    You can exchange your crypto to "more stable" local currency after receiving it.
     
  11. Unread #6 - May 25, 2020 at 5:05 PM
  12. JD1
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    Why do gold sellers accept crypto during volatile times?

    i always wondered this, thanks for the info in the posts above all!
     

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