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Author Topic: Dentist accepting bitcoins (or other cryptocurrencies)  (Read 686 times)
coolcoinz
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February 10, 2019, 04:50:54 PM
 #21

I wouldn't worry about volatility because it's a sword that cuts both ways. Since the price goes up and down, you can be sure that in time it will go back to where it was. It's important to have enough money on the side to be able to buy supplies while the prices are down, and I know how much medical supplies can cost you. It's basically half of what a dentist charges. There are countries in the EU that are very open to crypto businesses and have minimal taxation, like Malta.

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Huskarls
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February 10, 2019, 04:58:04 PM
 #22

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!

Well, in my opinion, things like this would not be possible to really be applied, even some customers might find it difficult to use your services. Has payment for cash been difficult for you so far ?
This is about how your customers satisfied with your services, as long as they good with it, just use it.
Beman30 (OP)
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February 10, 2019, 05:10:04 PM
 #23

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!

Well, in my opinion, things like this would not be possible to really be applied, even some customers might find it difficult to use your services. Has payment for cash been difficult for you so far ?
This is about how your customers satisfied with your services, as long as they good with it, just use it.

Anything new Is tough. I would Be Happy with a 1% customers using it. Than working on It to make It become 5% in a couple of years.

Someone talked about Malta, nice Place for Dental tourism. Attracting people All around the world could Be usefull.
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February 10, 2019, 05:53:02 PM
Last edit: February 11, 2019, 07:55:58 PM by KingScorpio
 #24

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!

so you are letting yourself being ruled and defined by the cryptocurrency index?

or in other words, those that where able to list their token high up in the corrupt index will have good teeth and the rest will have bad teeth?

thats a good justice

bdbabiak77
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February 10, 2019, 05:59:18 PM
Merited by Beman30 (1)
 #25

Healthcare provider here. Just use BitPay or Coinbase Merchant. They both convert right away into fiat. I've been doing this since 2011 - I can count on one hand the number of times it's been used, and I've always lived in the biggest, tech-savvy, progressive, young cities. It's not likely to affect your practice at all, however since it's just another payment link/option, it doesn't negatively affect your practice in any way. It does make taxes on your schedule C (or S-corp LLC) far more complicated - I use CrytpTrader.tax - it's very effective and audit-proof. You have to file 8949s for any and all 1099-Ks you get.
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February 10, 2019, 06:09:08 PM
 #26

Healthcare provider here. Just use BitPay or Coinbase Merchant. They both convert right away into fiat. I've been doing this since 2011 - I can count on one hand the number of times it's been used, and I've always lived in the biggest, tech-savvy, progressive, young cities. It's not likely to affect your practice at all, however since it's just another payment link/option, it doesn't negatively affect your practice in any way. It does make taxes on your schedule C (or S-corp LLC) far more complicated - I use CrytpTrader.tax - it's very effective and audit-proof. You have to file 8949s for any and all 1099-Ks you get.

Thank you very much, very appreciated. May i ask you, if you sell some of your service online?
Beman30 (OP)
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February 10, 2019, 06:37:16 PM
 #27

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!

so you are letting yourself being ruled and defined by the cryptocurrency index?

Could you explain a Little further please?
hxtop
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February 10, 2019, 09:33:54 PM
 #28

I congratulate you on your interest in the technology and courage you have shown. Although many companies think of using bitcoin as a means of payment, they are not taking any steps and your attempt will be encouraging others to take a leading role on this matter.
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February 10, 2019, 09:55:19 PM
 #29

Good idea. The spread of bitcoin depends only on us, and if we try to promote it in different industries, it will contribute to its scalability. That's great. Therefore, I fully support your idea.

Freny250
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February 10, 2019, 10:34:02 PM
 #30

Once using cryptocurrency use token like usdt so as to minimize volatility to mininze risk and loss

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jerrison
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February 10, 2019, 10:54:45 PM
 #31

irrespective of the profession or skill or carrier or job or occupation or talent, it is all about payment and that is a business transaction and the best i know about business transactions is that payment is always involved and it has to be made through a medium as long as it has value. cryptocurrencies have value and it can be accepted by anyone who knows what it is and what values it has.

andieoke
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February 10, 2019, 11:35:37 PM
 #32

If you are a doctor and want to accept Bitcoin as a payment tool, that is a good thing. but if you have allowed Bitcoin transactions at the place where you are, because if the drug supplies run out you have to buy it with money. if in your country Bitcoin has been legalized or will be legalized, then accepting Bitcoin as a payment tool is a very brilliant idea.
michael23
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February 10, 2019, 11:39:38 PM
 #33

I would to come a dentist like that. You did the right thing that you decided to implement such rules in your profession. People need more places where they could pay with cryptocurrency. It's good that you encourage it.
CryptoToxicAvenger
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February 10, 2019, 11:58:13 PM
 #34

The most important thing that you then had no problems from the state for it. But if there are no problems, you have come up with a great idea. I'd be happy to pay crypto for dental work.
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February 11, 2019, 12:26:42 AM
 #35

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!
Even a dentist like you are now planning to accept bitcoin as payment. It seems that many more people are now adopting it. In my country, there is application that the bitcoin users are using in order for them to exchange goods and services. Coins.Ph is the most popular and reliable bitcoin application  in my country that can be use in order to send and receive bitcoins.

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February 11, 2019, 02:38:31 AM
 #36

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!

It's a great decision accepting bitcoin in this bear market because once the value will grow, you will surely earn a huge profit.  Cheesy
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February 11, 2019, 03:01:05 AM
 #37

so you are letting yourself being ruled and defined by the cryptocurrency index?

Could you explain a Little further please?

Ignore him. He's once again trying to spread his "coinmarketcap cryptocurrency index going to kill bitcoin and cryptocurrencies huehueuheuuehe" conspiracy theories.

Anyway, best of luck.

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Beman30 (OP)
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February 11, 2019, 09:44:56 AM
 #38

Thanks for all the support!

One thing that absolutely came to my mind is that this is a real community, you guys want to make it work and this is a great thing, being a community will make things easier and faster, for me and for you. We will be able to customize the service before making it "big". We will start with a very very narrow service (not scalable), while this will get bigger and bigger we will try to scale it.

I will follow the project personally and if needed i will come to visit you or the reference dentist with you. I am not trying to earn money, at the moment i would be more than satisfied to cover a part of the expenses associated with the project.

So enough talking, now you guys have to show me how serious are Smiley
We will try to make it real, the first thing is to test it out, in this way i'll be able to understand the weakness associated to the project, this is what i need:

1) one of you, friend, family member, you name it, who needs dental work, i am talking about "heavy" treatment not a filling, just to be clear.

2) I will find a dentist where you live, we will make a first visit an x-ray and a quote for free.

3) If the quote and the treatment plan will satisfy you,  we will start a payment plan all in Crypto, no "real" money involved

4) i will start to get a grasp about crypto flaws and good... at that point we will make some more test with different patients and dentists.

5) when we will have some numbers to "crunch" i will start to find professional help (maybe one of your contact) to be able to understand crypto deeply

6) to be continued...

Let's start to dance please if you are interested send a PM or wright it here on the forum.

GOOD LUCK EVERYBODY!!!
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February 11, 2019, 03:03:51 PM
 #39

Maybe only a few people will use it, not even everyone has a bitcoin or crypto currency, maybe because of the problem of legalization that is not so good in all bitcoin players, but I am very supportive of your idea as a dentist who has a bright idea, hopefully, success with your idea !!

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February 11, 2019, 03:42:29 PM
 #40

Hello everybody,
I am a dentist owning more than one dental pratices.
I am looking forward to start accepting cryptocurrencies into my business.
Actually i would probably accept part in real money (Say 30%) part in crypto.
I am also thinking about opening a sort of dentalplan (paying an annual fee, gives access to a lot of discounts and guarantees) in this casse It would Be 100% crypto.
What do you guys think about? Suggestion?
Thanks for your time!!
That's good, because people who come forward with acceptance of bitcoin into their own business were helping big in the growth as well in the spreading of cryptocurrencies and its needs. What you laid as the base will make more Marketplaces to accept cryptocurrency into their own business later on. Few of my friends were dentist, but they don't have any knowledge about it. Now a dentist accepting bitcoin is truly appreciable.
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