Is there any disadvantages or advantages of receiving BTC as a payment?

[Jaycee99]

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

[ramsdaj28]

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

In the very beginning, everything has its cons and pros. I'll be honest to you: bitcoin as a payment is sometimes not good, especially at this point. Why? Here are some reasons:

First, bitcoin is known for its volatility, which means that its value might change from time to time. If you receive bitcoin (or satoshis) as payment, one  possibility is that you might receive lesser money (since bitcoin value changes from time to time - almost every minute). The tendency, you'll not earn profit, instead, you'll lose some (although it wouldn't be that much).

Second, online transactions are not always reliable compared to peer to peer transaction. You can't just give your trust to someone you talk with through social media. If you are going to sell (or buy) a thing, it's still better if you meet the one who you're transacting with.

Another one, if you're not well knowledgeable about bitcoin (its features, wallets, etc), then you shouldn't transact through bitcoin. You should always put this in your mind: bitcoin transactions are non-reversable, meaning once you click DONE (or SEND), you can not take back your money. If you've entered the wrong amount (or wrong wallet address), you're the only one liable to it.

Despite those disadvantages, bitcoin is still one of the best invention of the new era especially in the world of economics. It gives ease on people's daily transactions, making it fast and hustle-free.

[Shamie1002]

Both may be an advantage or this advantage when it comes to the inflation and deflation of prices. It's either prices are sinking but they paid for something worth more. Or an advantage when they paid you and prices soared higher making you profit from it.
Another thing is we don't have a sure prediction. There are chances of higher prices. But we did not predicted about China banning ICOs. That was a shock for everyone

[Bagaji]

There are numbers of advantages of both receiving bitcoin as a payment and using bitcoin as a mode of payment for either products or services. When you receive bitcoin as a payment and maybe its market value rise, let say from $3000 to $5000, in this case the receiver has end up making profit because bitcoin serve as a store of value. And if you receive bitcoin as a payment for products or services and its market value depreciate drastically, then you will be at lost at the end of the day.

[altcoinbeat]

You never really know who's on the other side of a BTC transaction. There's a ton of trust that must be involved when using BTC. Unless you're experienced with Crypto you shouldn't be executing large transactions. If you send it to the wrong address, use the wrong coin, get scammed, etc. there is no third party who can help you.

[emuLOAD]

Well, as always these are complicated questions with very different answers, most of which can be valid for different people.

If you want to run a business as a retailer (or in general if you want to sell regularly) receiving payment in bitcoin, you can do it (though usually I'd suggest relying on a trusted intermediary platform if you don't have the skill required to maintain your own system--which you do not).

What you have to be careful about is how you manage your business, in particular your cashflow and capital. Considering Bitcoin is highly volatile and (in general) useless for purchasing stock, you need to make sure you are selling with a larger than minimal margin (compared to a regular seller), and you have to be diligent in liquidating incoming bitcoin as soon as they are earned. Now, you don't have to convert 100% of your revenue if your goal is to gamble on bitcoin's future growth, but you absolutely must convert right away whatever amount you need to cover your operating and stocking costs, plus whatever salary you need to survive.

Not easy, can be done. As with all business, it's up to you to make it succeed.

[Golftech]

Its the fluctuations that affects the value I guess so whatever direction the current movements goes that's can be a pro or con if value jumped up you will earn aside from getting it as payments but if the value falls your service will be devalueted since the price will also go down same with the value of the coin, its your good judgement though if you love holding then you can always wait for your gains.

[AlienSeeker]

Yes, there are advantages and disadvantages. I'll just give one reason for each. The advantage of paying or buying in bitcoin is that it is more convenient and for easier transactions. You can pay just having their wallet address unlike in fiat that you need to know who to send and where to send. However, its' disadvantage is that, you'll never know the real price of it, since bitcoin's price is not stable, you may buy it in a smaller price now, but you'll regret tomorrow if the price becomes higher.

[Hallmader]

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

I'd rather focus on the value of BTC. The advantage lies in the increase of Bitcoin's value. If the value of Bitcoin is going high, what you have received as payment of what you sold is considerably multiplied. But if the price goes down, then there is the disadvantage. You will end up losing.

[HabBear]

Sure man, and it all hinges on how and where you spend your money. Can you spend your bitcoin for everything you need? Or do you have to exchange your bitcoin to a fiat currency to buy what you need?

The fluctuating spending power of bitcoin is the only risk. Some months it's more valuable tomorrow than it was today, in other months (like this month of September) it's less valuable today than it was yesterday.

Fiat is always less valuable today that it was yesterday, but the swings just aren't as great.

[Daffadile]

I guess maybe if the value goes down after the trade, but then again another trade might go up in value afterwards ?
I can't really see any disadvantages which is a really good thing since I use and love bitcoin.

[BittBurger]

Have been a merchant who accepts BTC for years now.  The downside is that not many people use it still.  Downside for them is that they can't do a chargeback.   But I am always honest with my customers so that's not a risk for them. 

-B-

[jc89]

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

Sure, everything do have advantages and disadvantages and that includes transacting with Btc. For the advantages, if you're a merchant who accepts btc as payment, of course is that there is a possibility that your income will increase depending on the value of btc.

Here's a situation. If you accepted cash from a customer, say for example you sold a laptop for $1,000 with a capital of $900 then you got $100 profit from it. On the other hand, you sold the same item but accepted btc instead of cash. Let's say $1,000 is 0.3BTC at the time of purchase then you got 0.03 profit. If the value of btc increases then your profit will also increase and might be doubled in time unlike in cash it will just be fixed profit of $100. And as for the disadvantage, well you get the picture just turn the situation the other way around. If btc deflates then your 0.03 profit will dwindle.

[boyptc]

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

There are disadvantages and advantages in receiving bitcoin as a payment. If you have a business and you have an option for bitcoin, there are few disadvantage on it because you are just giving the people to have some other option for their payment. Another disadvantage is the price of bitcoin can change immediately, it may go up and low and it can even go beyond from the original price of your service or product to offer.

[jakoylantern]

For me there is an disadvantages and advantages of receiving bitcoin as a payment.  Because the bitcoin price doesn’t have a constant price. Sometime the price goes higher and higher and other times the price is getting lower. 

[The Monkey King]

As I scan and read forums I got curious here.

Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.

I guess the biggest disadvantage for getting paid with bitcoins is the wallet or the links with the wallet. Since not all wallets can be linked with other wallets when you need to move your bitcoins when trying to get your payout if the bitcoin cannot be transferred to your chosen currency or country. There is also the banks when chosing the bank to get linked to, some banks are not listed and has to go to the nearest bank. But if the wallet is very great like the one i know, i can easily transfer the currency to my chosen currency and get it through remittance centers.

[Wind_FURY]

For selling something that you can accept credit cards for, like all of the online webshops, there is no clear advantage. But if you are a dark market vendor who sells drugs, you see that there is a very clear advantage.

Bitcoin does not need to have a banking partner, you can be anonymous and the value is very easy to move worldwide. Bitcoin has everything every criminal organization needs.

[xx-man]

I think to do a job with paying Btc will not feel very loss, because I think Btc is a very good online payment for now and in the future, maybe now you can see many sites that have received Btc as a tool to buy and sell. , I see they do not feel the losses and losses, because they know the price of bitcoin is currently down, but they think it will not be long and btc will show a very good price in the future.

[Pursuer]

if you want to invest in bitcoin then it is a lot better to instead get paid in bitcoin because simply that will remove additional steps that you must take to buy it. for example if you do jobs that get you some money or even your salary, if you can get them or a part of your salary in bitcoin, it means you don't have to go on an exchange take the risks, sign up, and pay fees to buy bitcoin. you just have bitcoin directly as your investment.

the disadvantage of this is the fact that you can not choose the price you get paid at. for example you may want to buy bitcoin in the dip like what we had recently because of FUD @ $2970 but when you get paid, you may get paid @ $3500 because that is the market price of that time. but this usually is not a serious thing for 99% of the time.

[reliable]

For me there is an disadvantages and advantages of receiving bitcoin as a payment.  Because the bitcoin price doesn’t have a constant price. Sometime the price goes higher and higher and other times the price is getting lower. 

Bitcoin price is a volatile which is the one the highlights of Bitcoin . You need to have a little risk taking capacity if you deal in Bitcoin . Yes overall there are many advantages of accepting Bitcoin as the value in near future may go up. You can buy altcoin converting your Btc to it . You can make payment to your local stores who accept it.

Also check your government rules how they treat Bitcoin .