[2014-02-14] Flower Shop Races to Convert Bitcoin Profits into “Real Cash”

[Ripdon007]

Does anyone else thinks that these guys accepting bitcoin for their flowers are scared outta their minds?  If you don't have the stomach to see bitcoin prices fall 20% in a day then you don't know bitcoin and should not be dealing with it! Nonetheless it's good to see more shops accepting bitcoin 

https://coinreport.net/flower-shop-convert-bitcoin/

[Gabi]

20% a day? Meh, saw it going from 30 to 2, seeing it at 600 can't scare me. From 30 to 600 

[Ripdon007]

20% a day? Meh, saw it going from 30 to 2, seeing it at 600 can't scare me. From 30 to 600  

lol i'm with you on that one for sure  

[Nagle]

If you don't have the stomach to see bitcoin prices fall 20% in a day then you don't know bitcoin and should not be dealing with it!

The whole point of Coinbase is to eliminate that risk. They'll guarantee a price for 10 minutes, Coinbase merchants are in and out of Bitcoin so fast they don't take a trading risk. Coinbase itself dumps the Bitcoins on an exchange within minutes, and pulls cash out of the exchange the same day.  At the end of each day, Coinbase deposits dollars to the merchant's account. Nobody in the Coinbase merchant world holds Bitcoins for more than a few minutes.

[guybrushthreepwood]

So why aren't they using a payment processor? I doubt the HK$600 they took in is going to break the bank either.