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Poll
Question: For people who do business in btc, what percentage of your revenue do you cash out?
100% (bitcoin is just a convenient transaction medium) - 1 (2.9%)
75% - 5 (14.7%)
50% - 4 (11.8%)
25% - 9 (26.5%)
0% - 15 (44.1%)
Total Voters: 34

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Author Topic: Your Business Risk Management Strategy?  (Read 1242 times)
carbonpenguin
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May 24, 2011, 12:11:27 AM
 #1

Curious to see what others are doing (25% for me)...
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carbonpenguin
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May 24, 2011, 11:34:05 AM
 #2

Looks like a large chunk of people are keeping all the coins you earn. Is that because you can meet your business expenses in bitcoins, or are you meeting them in another currency and simply saving your coins? I'm curious as to why people are doing what they're doing...
edd
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May 24, 2011, 11:40:00 AM
 #3

I chose 75% even though it's closer to 95%. I believe bitcoins will keep growing in value and would like to save more but, unfortunately, I don't have the capital necessary to continuously be reinvesting my own money into a Bitcoin only business. In other words, revenue goes right back in.

Still around.
FreeMoney
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May 24, 2011, 11:40:29 AM
 #4

I think a different strategy will become the norm soon. Buy a bunch of slightly out of the money puts. You will be guaranteed to be able to get, say, 90% of what you expect, but you can keep the upside until the very minute you actually need the money.

All we need is a good site to trade options at and a really intuitive retail interface for merchants for whom currency speculation is not their thing. I bet we see it in a month or two.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
carbonpenguin
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May 24, 2011, 12:02:04 PM
 #5

I chose 75% even though it's closer to 95%. I believe bitcoins will keep growing in value and would like to save more but, unfortunately, I don't have the capital necessary to continuously be reinvesting my own money into a Bitcoin only business. In other words, revenue goes right back in.

I'm doing something of the same by cashing out 25% - enough to meet most dollar expenses (t-shirts, shipping, envelopes, etc.), but keeping the profits in btc because I'm also long-term optimistic as to their value.
carbonpenguin
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May 24, 2011, 07:51:20 PM
 #6

BUMP for folks who haven't voted yet...
carbonpenguin
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June 02, 2011, 09:35:56 PM
 #7

Any others want to weigh in?
Astrohacker
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June 02, 2011, 10:25:26 PM
 #8

Can you explain with a risk management strategy is? I don't know what this 25% is of.

edit: Sorry, I didn't see the poll at the top. So you cash 25% out and consider that profit?
carbonpenguin
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June 03, 2011, 02:25:51 AM
 #9

Can you explain with a risk management strategy is? I don't know what this 25% is of.

edit: Sorry, I didn't see the poll at the top. So you cash 25% out and consider that profit?

More like I cash out 25% to cover the lion's share of my $ expenses, but keep the profits in btc...
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