Should I take crypto payment?

Scorpion Ghost · Dec 5, 2020

I have a customer who pays me in USD, but I receive it in EUR. Currently the USD has fallen quite a lot, and I'm considering having the customer pay me in crypto.

He should be able to send me Bitcoin, Ethereum or Litecoin.

So Bitcoin is quite high at the moment, people talking about it may go back down soon.

Ethereum I saw something on the forum about Ethereum 2.0 coming soon and could boom price increase. Also from what I read on the forum Ethereum is reliable and here to stay.

And Litecoin, I don't know much about it.

Should I stick with USD? Should I take crypto? If crypto, which one is good to take at the moment considering current values and future predictions/possibilities/guesses.

Thanks

alurosu · Dec 5, 2020

Scorpion Ghost said:
And Litecoin, I don't know much about it.

LTC is a dead project since Charlie Lee left. The only purpose of investing in it is to make a quick buck from the people that join after you. I would stay away from it, if you don't know what you are doing.

CM27 · Dec 5, 2020

I would go with USD just to be safe. USD might be falling a little bit but it will always come back up. Where as crypto you just never know.

alurosu · Dec 5, 2020

CM27 said:
I would go with USD just to be safe. USD might be falling a little bit but it will always come back up. Where as crypto you just never know.

If you want to be safe, keep multiple coins. There's a speculation china will become the new world order. USD may fall as a pair for international trade.

CM27 · Dec 5, 2020

alurosu said:
If you want to be safe, keep multiple coins. There's a speculation china will become the new world order. USD may fall as a pair for international trade.

I believe that. However I don’t see that happening any time soon.

alurosu · Dec 5, 2020

CM27 said:
I believe that. However I don’t see that happening any time soon.

The economic hit after covid is yet to come. Be smart, nobody is going to save you

Rey Roy · Dec 5, 2020

bitcoin is too volatile

Scorpion Ghost said:
I have a customer who pays me in USD, but I receive it in EUR. Currently the USD has fallen quite a lot, and I'm considering having the customer pay me in crypto.

Crypto is too volatile, you can lose your ass there and when you convert it into real money, you'll lose a serious % too. EUR is going up atm, I would take it. Join an online multiply currency transfer/exchange platform and you'll be able to convert many major currencies at almost banks/FX rates in case you want USD or something else later on, and then transfer it to your bank account of your choice...

EroMediaBV · Dec 5, 2020

id only take it to convert quickly to USD but then whats the point if the customer will pay you in USD already

Petlit · Dec 5, 2020

Yes, you can take in crypto, but there can be problems with exchange to USD. Plus bitcoin price can go down, currently btc price is very high.

salamat · Dec 5, 2020

Not a good idea to get Bitcoins when it's in peak value. I will go down - that's for sure. But if you will withdraw it right away, why not.

Struggle · Dec 5, 2020

Mate cmon, take crypto and euros.
If crypto will go down, we all know it is for a time until it recovers.
Just hold on it if you can

Should I take crypto payment?

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