Post by Cue4cheap » Wed Dec 30, 2020 3:09 am

As a general question and discussion how many of you all are accepting crypto currencies now or plan on it in 2021?
I have been thinking about this for more years than I can remember and I am thinking 2021 will be the year I will start to accept them. Anyone have any insights, thoughts, concerns, tales of good or bad?
Thank you,
Mike

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Post by straightlight » Wed Dec 30, 2020 3:19 am

Cue4cheap wrote:
Wed Dec 30, 2020 3:09 am
As a general question and discussion how many of you all are accepting crypto currencies now or plan on it in 2021?
I have been thinking about this for more years than I can remember and I am thinking 2021 will be the year I will start to accept them. Anyone have any insights, thoughts, concerns, tales of good or bad?
Thank you,
Mike
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Post by henry-chinaski » Wed Dec 30, 2020 5:17 pm

Cryptocurrency is the future.


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Post by Cue4cheap » Wed Dec 30, 2020 10:54 pm

henry-chinaski wrote:
Wed Dec 30, 2020 5:17 pm
Cryptocurrency is the future.
Ok but that doesn't give much info. Do you have an opinion or information on what I asked above?
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Post by straightlight » Wed Dec 30, 2020 10:58 pm

Cue4cheap wrote:
Wed Dec 30, 2020 10:54 pm
henry-chinaski wrote:
Wed Dec 30, 2020 5:17 pm
Cryptocurrency is the future.
Ok but that doesn't give much info. Do you have an opinion or information on what I asked above?
Mike
The opinion and / or information has been provided from my post above.

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Post by Cue4cheap » Wed Dec 30, 2020 11:01 pm

straightlight wrote:
Wed Dec 30, 2020 10:58 pm
Cue4cheap wrote:
Wed Dec 30, 2020 10:54 pm
henry-chinaski wrote:
Wed Dec 30, 2020 5:17 pm
Cryptocurrency is the future.
Ok but that doesn't give much info. Do you have an opinion or information on what I asked above?
Mike
The opinion and / or information has been provided from my post above.
Correct, but that is your opinion and while I respect that, I also am looking for more than just one or two peoples opinion and experiences, general thoughts.
Mike

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Post by Cue4cheap » Fri Jan 01, 2021 10:19 pm

Any other thoughts now we are into 2021? Best extension to use? Or anything esle?
Thanks!

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Post by straightlight » Sat Jan 02, 2021 12:33 am

Cue4cheap wrote:
Fri Jan 01, 2021 10:19 pm
Any other thoughts now we are into 2021? Best extension to use? Or anything esle?
Thanks!
2021 will be the same as 2020 as long as Google's still alive.

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Post by Cue4cheap » Sat Jan 02, 2021 8:37 am

straightlight wrote:
Sat Jan 02, 2021 12:33 am
2021 will be the same as 2020 as long as Google's still alive.
So what you are saying is you have no insight to give in real world use... Thanks for your input. But again I am looking for a general discussion with people who are using crypto currency, what extension they use and why, etc.
Please let the discussion continue if others wish to contribute or if you have those insights please add them to the discussion.
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Post by Burt65 » Sat Jan 02, 2021 10:09 am

Cue4cheap wrote:
Wed Dec 30, 2020 3:09 am
As a general question and discussion how many of you all are accepting crypto currencies now or plan on it in 2021?
I have been thinking about this for more years than I can remember and I am thinking 2021 will be the year I will start to accept them. Anyone have any insights, thoughts, concerns, tales of good or bad?
Thank you,
Mike
Crypto currencies doesn't do it for me.. In a nutshell, I can't see it, I can't touch it and if the power goes off, you got nothing... I guess that's why gold, at the moment is doing so well.. Technologies and ideas do change constantly. Bitcoin is just one of them, like VHS or Blu-ray. Some, survive a bit longer than others, but in the end...

What did make you change your mind for 2021? I mean, what is the difference from before?

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Post by Cue4cheap » Sat Jan 02, 2021 11:18 am

Burt65 wrote:
Sat Jan 02, 2021 10:09 am
What did make you change your mind for 2021? I mean, what is the difference from before?
The belief that too many people and companies are starting to use or accept crypto currencies. Even paypal is taking it.
Also there is a bit of "maybe I'll get more sales because others do not accept it". That is getting less of a thought as it is more acceptable though.

Plus I have another theory.... This may be hogwash but I think it has merit.
I play poker. Why do you think they don't have you use money at a casino? I think it is because it makes it less like spending real money and willing to spend (or bet).
Some of the stuff I sell can run into the thousands of dollars for each. II believe people have crypto currencies they are wanting to spend and it just might make it a little easier to spend that amount if it is a fractional part. I.e. 0.10 of a bitcoin.

And that is why I am looking into it again but a few concerns
1) What if I choose the wrong "processor" and they charge too much or any other number of issues of trust (so if others are using one of the services that would be good to know which ones they like).
2) Losing value. I would want to "Cash out" of most of the sale but keep a small percent for my own speculation and use.

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Post by Burt65 » Fri Jan 08, 2021 6:11 am

Cue4cheap wrote:
Sat Jan 02, 2021 11:18 am
Burt65 wrote:
Sat Jan 02, 2021 10:09 am
What did make you change your mind for 2021? I mean, what is the difference from before?
The belief that too many people and companies are starting to use or accept crypto currencies. Even paypal is taking it.
Also there is a bit of "maybe I'll get more sales because others do not accept it". That is getting less of a thought as it is more acceptable though.

Plus I have another theory.... This may be hogwash but I think it has merit.
I play poker. Why do you think they don't have you use money at a casino? I think it is because it makes it less like spending real money and willing to spend (or bet).
Some of the stuff I sell can run into the thousands of dollars for each. II believe people have crypto currencies they are wanting to spend and it just might make it a little easier to spend that amount if it is a fractional part. I.e. 0.10 of a bitcoin.

And that is why I am looking into it again but a few concerns
1) What if I choose the wrong "processor" and they charge too much or any other number of issues of trust (so if others are using one of the services that would be good to know which ones they like).
2) Losing value. I would want to "Cash out" of most of the sale but keep a small percent for my own speculation and use.

Mike

Ok. For start Paypal does Not take Bitcoin as a form of payment, but you can however use Paypal to purchase bitcoin or sell bitcoin and have the payment going into Paypal, (Read Here)... Either way you need to use one of the other payment processing system (Braitree Coinbase and BitPay) to which Paypal is connected but not related.. So you can't have a bitcoin balance on your Paypal account.

The reason why casinos use chips instead of cash is clearly explained HERE. So yes, your theory is correct as the psychological part is mentioned as N1.

But I think your analogy between bitcoin and casino is spot on. Taking Bitcoin it truly is, just another form of gambling.. It has all the ingredients to make it a memorable moment or a massive disaster, just like when you play poker..

And it is this sinister similarity to gambling that perhaps has been keeping lots of people away from bitcoins..

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Post by johnp » Sat Jan 09, 2021 8:07 pm

I or my clients don't take or aren't interested in Cryptocurrency. Whether we want it or not I fear it will be forced on us . I got sent to the World Economic Forum Great Reset website. If one is to believe what they're proposing it looks like we won't really have a choice. Personally I'm all for cash and the main credit/debit card systems we have now but there does seem to be a push to go fully Crypto. I think they'll be a push to promote crypto as "interest free" but if you look at the proposed transaction charge it's still a system that will make money for the issuer. I don't think the average man/woman/all others will ever be free of the big money straglehold. All IMO.

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Post by Cue4cheap » Sun Jan 17, 2021 11:19 pm

johnp wrote:
Sat Jan 09, 2021 8:07 pm
I or my clients don't take or aren't interested in Cryptocurrency. Whether we want it or not I fear it will be forced on us . I got sent to the World Economic Forum Great Reset website. If one is to believe what they're proposing it looks like we won't really have a choice. Personally I'm all for cash and the main credit/debit card systems we have now but there does seem to be a push to go fully Crypto. I think they'll be a push to promote crypto as "interest free" but if you look at the proposed transaction charge it's still a system that will make money for the issuer. I don't think the average man/woman/all others will ever be free of the big money straglehold. All IMO.
Sorry took me a bit to get back to you... But I think it is something that will stay around for a while no matter what. Even if it doesn't go fully that way I think it will always be there. AND I 100% agree the issuer, or processor, is making a killing.
I still see people that will have their money in crypto and would rather spend it versus try and transfer it out.
I still have not set it up yet as I have a couple of concerns about processors. There was one that gave a great rate for processing / taking money out but it looks like they went under. Coinbase, their fee is in line wiht others but the free extension is retired and the paid one is $99.
About ready to pull the trigger and certainly before I get my next high $$ item to sell. Just need to figure out what processor / wallet to use.
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