*Important* Convince Video Producers to Accept Bitcoin as Payment

[TropicThunder]

Or you could hold your BTC and wait for the value to increase.

Let's say you sold a video last year for $10 when Bitcoins were valued at 1 cent. So, you received 1,000 Bitcoins. You decided to hold your Bitcoins as an investment. Then, a year later, you saw Bitcoins were valued at $10.

Congratulations! Selling that 1 video earned you a profit of $10,000.

That works both ways. You could hold onto your bitcoins and watch the price dramatically decrease and you would lose out in the end. That wouldn't really be worth the risk, IMO.

 

[Jagermeistered]

That works both ways. You could hold onto your bitcoins and watch the price dramatically decrease and you would lose out in the end. That wouldn't really be worth the risk, IMO.

That's why Bitcoin(although, virtual currency), should be backed by commodities(gold, silver, copper, etc...). This is why fiat monetary interest rates are obsolete. It should be determined on savings(Risk and Time-preference)... That's the only thing they lack!

 

[BellybTickler]

It's official, Skynet is self-aware.

 

[metalgod]

That works both ways. You could hold onto your bitcoins and watch the price dramatically decrease and you would lose out in the end. That wouldn't really be worth the risk, IMO.

True, but if you're watching the market, you can pick your times to convert to cash and pick your times to hold wisely to maximize profits.

 

[TropicThunder]

True, but if you're watching the market, you can pick your times to convert to cash and pick your times to hold wisely to maximize profits.

Still sounds too risky.

 

[Jagermeistered]

It's official, Skynet is self-aware.

Actually, they have been self-aware since 1913. The banking bailouts was just too fix the "bugs". 😉

 

[metalgod]

Still sounds too risky.

Is there a risk to having BTC immediately converted to cash as long as you report your earnings in April?

 

[metalgod]

Bump. By the way, this Bitcoin thing aligns with the Occupy Wall Street movement.

 

[metalgod]

Thought I'd bump this to say, "I told you so."

 

[metalgod]

Are any video producers kicking themselves for not listening to me?

 

[metalgod]

I'll take the silence as a yes.

Sorry, I tried to help... 🙁

 

[evilthought]

Are any video producers kicking themselves for not listening to me?

Great idea. I actually have the email of clips4sale owner (his name is Neil) and all he said was that he will add bitcoin once they are regulated (presumably by US govt)

Meanwhile, I started a bitcoin c4s (like) site where sellers can sell their amatuer clips and get 91% of the commision.

http://fap4coins.com/

Lets get more sellers on the site.

 

[asutickler]

I don't make videos, but I do enjoy finding lucrative investment opportunities.

Your post was the first time I'd ever heard of Bitcoin. I thought the idea sounded cool and resolved to learn lots more about it... But then I got distracted by other stuff and never got around to acting on that impulse. I've been kicking myself a LOT for that, lately.