British Businesses Lured to Bitcoin Amid Falling Pound While Libdems Shockingly Top Poll | Crypto Craft

  • British Businesses Lured to Bitcoin Amid Falling Pound While Libdems Shockingly Top Poll

    From trustnodes.com

    A new start-up is trying to capitalize on the falling pound by offering businesses the ability to accept bitcoin and receive the payment in pounds. “Now is the right time for businesses to get on board with Bitcoin and to take advantage of what has become a $154 billion crypto market,” says Danny Scott, CEO and Co-Founder of CoinCorner, before adding: “There are many reasons to accept it as a payment method, with the most important being that it brings competitive advantage. Whatever the industry, customers look to use companies that are digitally relevant and make online shopping as easy as possible; offering ... (full story)

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fxsport
Jun 2, 2019 6:44am
Permalink
Quoting Not-KPMG
{quote} You have a minor point there.... And few really stupid points. Lemme help Yes bitcoin can go down.... 😱😱 ...and up 😂😂😂💰 You have problems ??? I don't 😂😂😂 Yes it's volatile .... So???? Hedge it 😨😨😨😨 Buy options (which just expired last big ones)....😂😂😂 Yes bitcoin needs STABILITY . You waiting on God to show a sign ???? Lookie here on 32nd March 2020 bitcoin will be stable ????? 😂😂😂😂😂...
Once AGAIN you demonstrate your ability to only see things/situations thru your lens//prism. It's obvious to me that you don't own or run a business that deals in transactions on a daily basis. A currency should NOT be so volatile because that volatility hurts a companies ability to do business because a rise in Bitcoin may be good for a long investor but it will kill a company that agreed to pay 5 Bitcoin for a good/service when the value of Bitcoin increases by 20+%

Bitcoin, USD, EUR, GBP, all these fiat currencies are essentially useless pieces of paper whose only value is what the Forex market tells them.
Reply
fxsport
Jun 1, 2019 5:15pm
Permalink
While this sounds good for a business owner it most certainly isn't good.

Let's say I accept Bitcoin in lieu of $ for a BMW. We agree on a price of $42,500 or 5 bitcoin based on a 8,500:1 exchange with the USD.

What happens in 2 weeks when bitcoin drops to 8,000? That means a loss of $2,500 for what?!!!!

Bitcoin can not become mainstream until it STABILIZES . Until then it is merely a buy and hold and hope bitcoin doesn't turn out to be the tulip craze of the 2010's..
Reply
gold2011
Jun 2, 2019 5:22am
Permalink
Quoting Not-KPMG
Above guy made me laugh with his petty concerns. 500 dollars drop??? WTF. Noone cares about 500 green papers. 😱😱😱👍👍 Here's what i wanted to say. Few months ago some liars promised pound at 1.45 and bitcoin crashed to sub 1000. Dollars. 😂😂😂😂😂😨😨😨😨 Whaaaaaaaaaaaat happeneeeeed 😂😂😂😂😂 LOL. Did i make my point?? 👏👏👏👏👏🍻
They are not liars Not-KPMG, they are called speculators. Who's saying the pound won't go to 2.00, speculating 1.45 is weak, speculate 2, lol
Reply
Not-KPMG
Jun 2, 2019 9:59am
Permalink
Quoting fxsport
Once AGAIN you demonstrate your ability to only see things/situations thru your lens/prism. It's obvious to me that you don't own or run a business that deals in transactions on a daily basis. A currency should NOT be so volatile because that volatility hurts a companies ability to do business because a rise in Bitcoin may be good.. .
Hi
Not bad phrasing pal.
You sound super well educated? 👏👏
You used the word "prism". It's used in only 2-3 industries 😉😉
Take this as honest compliment .

I'll admit I'm also super educated. On paper yes. Tons of paper .😯
I remember what a "stupidly educated as.hole" I was.

Now i don't care about that. 😂😂😂😱

I care about my profit, my time.

I turned down offers to rise in management positions in my company.
Managing stupid (technically people but i doubt it) is not for me. 😂😂😱 sorry.

So yes, I'm not RUNNING BUSINESS. LOL.

But I do know how to run business (they pay me to advise - go figure). 😱😱😱💰💰

For a big business to accept bitcoin is tremendous profit - cut all bank charges. Throw away risks like chargebacks 😭😭 bad money , liars, non-payers, weekend delays etc.
Use LN - faster than any bank.
Need low volatility - buy options. Sell crypto the moment it comes to you ....

Small business ??
Same benefits . Need to transfer the crypto to fiat on smaller chunks though , so arrange an automatic conversion with a broker .
Fee is 0.2% and going down . Not sure withdrawal fee.

WTF should you (business ) pay 3% to a sh!tty bank to scam you????

Banks are going the way CandleMakers went.

😂😂😂😱😱😱😨😨😨

And why should i be ashamed to point the way??

Volatility ? Who cares ? Smart people find their way.

Think of electricity - it's sooooo volatile .
It changes polarity about 60 times per second 😱😱😱😱😱😱😱😯😯😯

Ohhhhh nooooooo electricity is soooooo vooooolatile 😱😂😂😂😂

Catch my drift?

👏👏🍻🍻
Reply
TudorIoan
Jun 3, 2019 10:51pm — Edited
Permalink
Quoting Guest
The business experiences no volatility. You convert into fiat the second you get it - if you choose too. When bitcoin started it was worth .01 - now worth over $8,000. At the same time $20 bought more items. Now $20 buys a Netflix subscription and maybe some chewing gum. Meanwhile you still "think" you have a dollar. Your 100k salary now is actually the equivalent of about $35,000 in 1990. A dollar 50 years ago, has a different value than a dollar 15 years ago, has a different value than the dollar right now. But as long as you keep visualizing...
I'm sick of you pseudo-educated shmucks, advocating for the crypto robbing tool like some blind cult believers!
Inflation is possible even if there will be only 21M bitcoins, you morons, because inflation is basically an economic phenomenon caused - among other things - by crazy (subprime) lending, credit, labour market... the prices will skyrocket anyway because they don't entirely depend on the money supply, inflation is not a money endogenous phenomenon!
And show up your face here, coward!
Reply
smikester
Jun 3, 2019 4:36am
Permalink
Quoting Guest
The business experiences no volatility. You convert into fiat the second you get it - if you choose too. When bitcoin started it was worth .01 - now worth over $8,000. At the same time $20 bought more items. Now $20 buys a Netflix subscription and maybe some chewing gum. Meanwhile you still "think" you have a dollar. Your 100k salary now is actually the equivalent of about $35,000 in 1990. A dollar 50 years ago, has a different value than a dollar 15 years ago, has a different value than the dollar right now. But as long as you keep visualizing...
I'd like to buy a Netflix subscription and some chewing gum with Bitcoin. How would I go about it?
Reply
gold2011
Jun 2, 2019 5:17am
Permalink
With Nigel Farage in the scene, things are slightly to change in the Brexit negotiations. A real deal on its way to deliver to Europe. Don't ask me why the British want to this, maybe to stay away from corrupted E.U. in the near future.
Reply
gold2011
Jun 2, 2019 5:31am
Permalink
Quoting Not-KPMG
Above guy made me laugh with his petty concerns. 500 dollars drop??? WTF. Noone cares about 500 green papers. 😱😱😱👍👍 Here's what i wanted to say. Few months ago some liars promised pound at 1.45 and bitcoin crashed to sub 1000. Dollars. 😂😂😂😂😂😨😨😨😨 Whaaaaaaaaaaaat happeneeeeed 😂😂😂😂😂 LOL. Did i make my point?? 👏👏👏👏👏🍻

Or the other way around... £1.50 to 1 euro. Euro is strong and weak at the same time. Harmful the way the Euro is played in Forex.
Reply
Trader#908B
Jun 2, 2019 5:34am
Permalink
How can anybody with even remote experience in management or mid/large companies and particularly with the treasury function in mid/large companies not realise that any allocation of exposure to cryptocurrency volatility would be insane. Sometimes it seems the retail trading community live in their own worlds
#ffw
Reply
Not-KPMG
Jun 1, 2019 7:13pm
Permalink
Above guy made me laugh with his petty concerns.
500 dollars drop???

WTF.
Noone cares about 500 green papers.
😱😱😱👍👍

Here's what i wanted to say.

Few months ago some liars promised pound at 1.45 and bitcoin crashed to sub 1000.
Dollars.

😂😂😂😂😂😨😨😨😨

Whaaaaaaaaaaaat happeneeeeed 😂😂😂😂😂

LOL.

Did i make my point??

👏👏👏👏👏🍻
Reply
gold2011
Jun 2, 2019 5:38am
Permalink
The Rothschild are in silent mode... they are like volcanoes ready to erupt.
Reply
gold2011
Jun 2, 2019 5:46am
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America should come up with one coinage, as they did, called OneCoin.

EuroCoin - BitCoin - OneCoin

THESE COINS HAVE NO TENDER. NOR GOLD OR OIL TO BACK IT UP.
Reply
Not-KPMG
Jun 1, 2019 7:09pm
Permalink
Quoting fxsport
While this sounds good for a business owner it most certainly isn't good.... . What happens in 2 weeks when bitcoin drops to 8,000? That means a loss of $2,500 for what?!!!! Bitcoin can not become mainstream until it STABILIZES . Until then it is merely a buy and hold and hope bitcoin doesn't turn out to be the tulip craze of the 2010's..
You have a minor point there....
And few really stupid points.

Lemme help

Yes bitcoin can go down.... 😱😱
...and up 😂😂😂💰
You have problems ???
I don't 😂😂😂

Yes it's volatile ....
So????
Hedge it 😨😨😨😨
Buy options (which just expired last big ones)....😂😂😂

Yes bitcoin needs STABILITY .

You waiting on God to show a sign ????
Lookie here on 32nd March 2020 bitcoin will be stable ?????
😂😂😂😂😂

Don't work that way.

Use it or lose it 😂😂😂
Opportunity pal.
Reply
Trader#DB7F
Jun 2, 2019 3:22pm
Permalink
The business experiences no volatility. You convert into fiat the second you get it - if you choose too.

When bitcoin started it was worth .01 - now worth over $8,000. At the same time $20 bought more items. Now $20 buys a Netflix subscription and maybe some chewing gum. Meanwhile you still "think" you have a dollar.
Your 100k salary now is actually the equivalent of about $35,000 in 1990.
A dollar 50 years ago, has a different value than a dollar 15 years ago, has a different value than the dollar right now. But as long as you keep visualizing that piece of paper that says its a dollar, you still think it's a dollar.
Reply
Trader#F85C
Jun 1, 2019 3:15pm
Permalink
The digital gold project is more interesting if someone takes this project seriously in all countries there can be one currency.
Reply
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