Bitcoin Forum
June 21, 2024, 05:06:26 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Transacting in Litecoin or Etherium?  (Read 2072 times)
BreathOfZen (OP)
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
May 26, 2017, 03:00:35 PM
 #1

Hello all,
I was looking to resume sales of various collectibles, but am very uncomfortable with relying on Bitcoin for transactions due to the lag and cost involved. Are people on these boards interested in using either Litecoin or Etherium to buy things as well?

Aoeui Artifacts
Iranus
Hero Member
*****
Offline Offline

Activity: 1848
Merit: 535


Leading Crypto Sports Betting & Casino Platform


View Profile
May 26, 2017, 03:46:18 PM
 #2

It's impossible to generalise with these things.

All I would do is offer to accept Bitcoin, Litecoin or Ethereum and specify a USD price based on a certain site to protect against volatility.

When someone offers to pay in Bitcoin, ask if they're willing to pay in Litecoin/ETH and if not, accept payment in Bitcoin.

You're much less likely to sell it accepting only altcoins, since the fees of sending Bitcoin to an exchange, converting currency and then sending is much higher than the fees of just sending Bitcoin.  Not everyone holds altcoins already, me included.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Kevin77
Legendary
*
Offline Offline

Activity: 1652
Merit: 1057



View Profile
May 27, 2017, 07:23:29 AM
 #3

Hello all,
I was looking to resume sales of various collectibles, but am very uncomfortable with relying on Bitcoin for transactions due to the lag and cost involved. Are people on these boards interested in using either Litecoin or Etherium to buy things as well?
There will not be any guarantee that there will be enough people for your business with altcoin payments. I agree we need to wait long for confirmations with bitcoin payments. But when you will be ready to pay higher fees, there will not be any problems. I guess you may plan to add more payment options for you business along with bitcoin payments.

It is always good to have more choices, so I suggest you to add new payment options but do not remove bitcoin payment options. Moreover, in quick time we are going to have segwit implemented then we do not need to face the problems of higher fees/long confirmation delays.
PremiumCodeX
Hero Member
*****
Offline Offline

Activity: 1204
Merit: 531


Metaverse 👾 Cyberweapons


View Profile
May 27, 2017, 01:31:55 PM
 #4

No need to repeat what members commented above me and I would welcome collectibles for altcoins like Litecoin and Ethereum, especially in Ethereum since I usually have funds in them.

However, calculate into your price that I prefer to pay in a coin that has an actual bump  Smiley

[TUTORIAL] How to steal $350 000?
Best OS for recovering stolen BTCs.
Visit our FREE Bitcointalk thread.
Gorgonio
Member
**
Offline Offline

Activity: 112
Merit: 100



View Profile
May 27, 2017, 04:17:23 PM
 #5

I'm doing the same thing with you,Obvious Ethereum would be better
raven7886
Legendary
*
Offline Offline

Activity: 1512
Merit: 1041



View Profile
May 28, 2017, 08:01:41 AM
 #6

I'm doing the same thing with you,Obvious Ethereum would be better
Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.
ViceOfBTC21
Sr. Member
****
Offline Offline

Activity: 438
Merit: 266


View Profile
May 28, 2017, 10:02:12 AM
 #7

I'm doing the same thing with you,Obvious Ethereum would be better
Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.
You should accept both Bitcoin and Ethereum though Ethereum is not a coin but platform on which you can build contracts. Accept also Litecoin though it isn't as popular as was years ago.
Yuhee
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250


View Profile
May 28, 2017, 02:13:07 PM
 #8

I'm doing the same thing with you,Obvious Ethereum would be better
Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.
You should accept both Bitcoin and Ethereum though Ethereum is not a coin but platform on which you can build contracts. Accept also Litecoin though it isn't as popular as was years ago.

A lot of important are now investing in Ethereum let alone btc that has countries investing in it. Ethereum recently has a high price increase rate so i think it is gaining a lot of attention and trust to some investors. altough i would agree that litecoin now is on a low profile but in terms also of increase rate it has a positive mark during the past days but not close enough to its highest peek.
betlord90
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


View Profile
May 28, 2017, 02:23:40 PM
 #9

I'm doing the same thing with you,Obvious Ethereum would be better
Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.
You should accept both Bitcoin and Ethereum though Ethereum is not a coin but platform on which you can build contracts. Accept also Litecoin though it isn't as popular as was years ago.

A lot of important are now investing in Ethereum let alone btc that has countries investing in it. Ethereum recently has a high price increase rate so i think it is gaining a lot of attention and trust to some investors. altough i would agree that litecoin now is on a low profile but in terms also of increase rate it has a positive mark during the past days but not close enough to its highest peek.


Ethereum are quitely popular nowadays and theirs no doubt on its huge adoption that will occur on it in future since mostly it was been the most outrageous coin among other alts who competing bitcoins right now and it gets positive repsonse right now due to its outstanding price rice happening right now. But for Litecoin well i cannot guarantee anybody to put their trust 100% on it since we know litecoin is little more strugling to risen up himself and surely people will just think that this coin is just an alternative for their coin to be traded  with.
dihari
Hero Member
*****
Offline Offline

Activity: 910
Merit: 525


View Profile
May 28, 2017, 03:35:30 PM
 #10

When you start dealing any transactions using altcoins, especially Ethereum all people here will follow your rules with no doubt. No one can argue with popularity of Ethereum with all the advantages, fast, easy, low fee etc.
I think people on this board is welcoming any future and various payments for easy transactions.

lllaqpt
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
May 28, 2017, 04:08:35 PM
 #11

When you start dealing any transactions using altcoins, especially Ethereum all people here will follow your rules with no doubt. No one can argue with popularity of Ethereum with all the advantages, fast, easy, low fee etc.
I think people on this board is welcoming any future and various payments for easy transactions.

Everybody wants easy transactions, but this issue has not yet been resolved. I have heard a lot about the fact that some holders of crypto currency prefer to use alternate currencies in order to avoid long transactions.

SATURN
Liquidity providerfor crypto markets Cross-chain Exchange & OTC trading Platform
────────  Facebook Twitter ♦  Telegram ♦  Blog ♦  Bitcointalk   ────────
KennyR
Hero Member
*****
Offline Offline

Activity: 2310
Merit: 532


Enterapp Pre-Sale Live - bit.ly/3UrMCWI


View Profile
May 28, 2017, 04:38:20 PM
 #12

Recently a large user base turned towards the ethereum for all the transaction requirement as the value increased along with the faster confirmation with less fee than bitcoin. Now the volatility over ethereum is found high and the value decline would happen any time because of bitcoin price drop. This has made people come back to bitcoin..

█████████████████████
█████████████████████████
█████████▀▀▀▀▀▀▀█████████
██████▀███████████▀██████
█████▀███▄▄▄▄▄▄▄███▀█████
████████▀▀▀▀▀▀▀▀▀████████
█████████████████████████
█████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████
█████████████████████████
██████▄███████████▄██████
█████████▄▄▄▄▄▄▄█████████
█████████████████████████
█████████████████████
 
    CRYPTO WEBNEOBANK    
▄▄███████▄▄
▄███████████████▄
▄██████░░░░░░░░░░███▄
▄████▄▄███████▄▄░░░██▄
▄█████████████████░░░██▄
████░░▄▄▄▄▄▄▄▄▄░░░░░░░░██
████░░██████████░░░░░░░██
████░░▀▀▀▀▀▀▀▀▀░░░░░░░░██
▀█████████████████░░░██▀
▀████▀▀███████▀▀░░░██▀
▀██████░░░░░░░░░░███▀
▀███████████████▀
▀▀███████▀▀
lionheart78
Legendary
*
Offline Offline

Activity: 2898
Merit: 1152



View Profile WWW
May 28, 2017, 09:18:06 PM
 #13

I agree to the early replies that it would be better to have multiple option in terms of payments.  This way you can cater different altcoin community in your store.   Instead of choosing one of many altcoins try to cater as many mode of payment as you can.  In business world, it is always good to have a wide range of target customer.


▄▄███████████████████▄▄
▄█████████▀█████████████▄
███████████▄▐▀▄██████████
███████▀▀███████▀▀███████
██████▀███▄▄████████████
█████████▐█████████▐█████
█████████▐█████████▐█████
██████████▀███▀███▄██████
████████████████▄▄███████
███████████▄▄▄███████████
█████████████████████████
▀█████▄▄████████████████▀
▀▀███████████████████▀▀
Peach
BTC bitcoin
Buy and Sell
Bitcoin P2P
.
.
▄▄███████▄▄
▄████████
██████▄
▄██
█████████████████▄
▄███████
██████████████▄
███████████████████████
█████████████████████████
████████████████████████
█████████████████████████
▀███████████████████████▀
▀█████████████████████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀

▀▀▀▀███▀▀▀▀
EUROPE | AFRICA
LATIN AMERICA
▄▀▀▀











▀▄▄▄


███████▄█
███████▀
██▄▄▄▄▄░▄▄▄▄▄
████████████▀
▐███████████▌
▐███████████▌
████████████▄
██████████████
███▀███▀▀███▀
.
Download on the
App Store
▀▀▀▄











▄▄▄▀
▄▀▀▀











▀▄▄▄


▄██▄
██████▄
█████████▄
████████████▄
███████████████
████████████▀
█████████▀
██████▀
▀██▀
.
GET IT ON
Google Play
▀▀▀▄











▄▄▄▀
Yutikas_11920
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500



View Profile
May 28, 2017, 09:57:58 PM
 #14

Hmm, indeed some time now this bitcoin experienced quite a long transaction level. So all of that can make us lose some of the funds or the opportunity to gain a greater advantage, but indeed this is a concern because it is based on a system that exceeds the charge so that the system now is going very heavily. For transactions using other currencies, I prefer to ethereum. Because the Eth has almost the same opportunity with bitcoin
 
TheButterZone
Legendary
*
Offline Offline

Activity: 3010
Merit: 1031


RIP Mommy


View Profile WWW
May 28, 2017, 10:10:27 PM
 #15

I wonder how long this would take (if the receiver ultimately only wants BTC, rather than take altcoins directly from you, you have them converted to their BTC address): https://www.coinpayments.net/supported-coins-convert-XRP-BTC

Saying that you don't trust someone because of their behavior is completely valid.
arpon11
Sr. Member
****
Offline Offline

Activity: 882
Merit: 282



View Profile
May 29, 2017, 09:31:45 AM
 #16

Hello all,
I was looking to resume sales of various collectibles, but am very uncomfortable with relying on Bitcoin for transactions due to the lag and cost involved. Are people on these boards interested in using either Litecoin or Etherium to buy things as well?
for me I will be happy buying things in litecoin as I hold value in it. You can really succeed in your business idea if you really have a long term investment views. Most of the coins are still at the infancy stage and many people may not patronising you from beginning as they may not have litecoin or Ethereum to buy with.
chineseprancing
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


View Profile
June 20, 2017, 09:10:11 AM
 #17

Of course Ethereum even though the price of litecoin were started to raised up, I think it was for mean time not for long time. Not like ethereum that price until now were steady and ready to raised up any time.
reflector
Sr. Member
****
Offline Offline

Activity: 826
Merit: 263



View Profile
June 20, 2017, 10:45:14 AM
 #18

Of course Ethereum even though the price of litecoin were started to raised up, I think it was for mean time not for long time. Not like ethereum that price until now were steady and ready to raised up any time.

Etherum and litecoin seems to be promoting at many places in the forum apart from altcoin discussion section. In price wise also growth much faster than bitcoin. Yesterday only I noticed that Coinbase wallet implementing ETH and Litecoin account in one wallet. Whatever i expect bitcoin to be in top not altcoins.
AjithBtc
Sr. Member
****
Offline Offline

Activity: 1666
Merit: 276


Vave.com - Crypto Casino


View Profile
June 20, 2017, 02:44:19 PM
 #19

Recently when the price of bitcoin went higher people have started to hold ethereum along with bitcoin. This has helped people to use ethereum for the transaction purpose due to the faster​ confirmation than bitcoin.

johnwest
Hero Member
*****
Offline Offline

Activity: 1106
Merit: 503


BabelFish - FISH Token Sale at Sovryn


View Profile
June 20, 2017, 03:28:58 PM
 #20

Recently when the price of bitcoin went higher people have started to hold ethereum along with bitcoin. This has helped people to use ethereum for the transaction purpose due to the faster​ confirmation than bitcoin.

The problem with the delay in the transactions and higher fees are making people move on to altcoins, especially ETH and LTC. But most of them never reduced their BTC stash. Even ETH and LTC are growing gradually and there is a hype going around as hard fork is on the corner.

.USD Stablecoin Aggregator.                                              ▄▀▀▀▀▀▀█
                                            ▄▀      ▄
              ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄      █        █
          ▄▄▀▀▀             ▀▀▄▄    ▀▀▄   ▄▀       █
  ▄     ▄▀ ▄▄▄▄         ▀▄      ▀▀▄▄   █  █       ▄
▀ ▀▄ ▄▀  █ ▄▄ █         ▀ ▄        ▀▀▄█▀▀        █
█ █▄ ▀ ▄█ ▀▄▄▄▄▀   █  ▄    ▀▄        ▄          ▄▄
█ ██               █  █     █   ▄▄▀▀▀ ▀▄          █
█ ▀ ▄▄            █   █   ██▀▀▀     ▄ █▀▀▄       █
 ▀▀   ▀▄       ▄▄▀  ▄█▄▄▀▀  ▀▀▄  ▄▀▀ █    █      ▀
         ▀█▄▄▄▄▀ ▄▄▄▀         ▄▀▀▀  ▄▀      ▀▄     █
               ▀▀▀▄▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▀          █    ▀
                                               ▀▀█▄▄▄█
.BabelFish.█▀▀▀▀▀▀
█      ▀
 █        █      ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  █       ▀▄   ▄▀▀    ▄▄▀▀             ▀▀▀▄▄
  ▀▄       █  █   ▄▄▀▀      ▄▀         ▄▄▄▄ ▀▄     ▄
   █        ▀▀█▀▀        ▄ ▀         █ ▄▄ █  ▀▄ ▄▀ ▀
   ▀▄▄          ▄        ▄▀    ▄  █   ▀▄▄▄▄▀ █▄ ▀ ▄█ █
   █          ▄▀ ▀▀▀▄▄   █     █  █               ██ █
   █       ▄▀▀█ ▄     ▀▀▀██   █   █            ▄▀▄ ▀ █
  ▄█      █    █ ▀▀▄  ▄▀▀  ▀▀▄▄█▄  ▀▄▄       ▄▀   ▀
  █     ▄▀      ▀▄  ▀▀▀▄         ▀▄▄▄ ▀▄▄▄▄█▀
 ▄▀    █          ▀▄▄▄▄██▄▄▄▄▄▄▄▄▄▄▄█▀▀
█▄▄▄█▀▀
.FISH token sale at Sovryn.████████████████████████████
████████████████████████████
████████████████████████████
████████▀▀▄██████▄▀▀████████
███████  ▀        ▀  ███████
██████                ██████
█████▌   ███    ███   ▐█████
█████▌   ▀▀▀    ▀▀▀   ▐█████
██████                ██████
███████▄  ▀██████▀  ▄███████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀  ███████
█████████████▀▀      ███████
█████████▀▀   ▄▄     ███████
█████▀▀    ▄█▀▀     ████████
█████████ █▀        ████████
█████████ █ ▄███▄   ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!