dansbanners wrote on 15
th Jan, 2017 at 9:41pm:
Exactly how does it work using Bitcoins as the payment processor? I was thinking since the price is very high at the moment, wouldn't that work to your disadvantage if you use it as a processor? Am I missing something here? Thanks.
It can work against you because it is always fluctuating but if you take it from the perspective that it will always be growing in value then it is worth taking the risk now
For bigger purchases in the hundreds, I'll usually transfer the money into btc the same day and then to the vendor. That way you are not risking much volatility.
At this point I have built up a float that I will keep in BTC and then use my PTC cash flow to put and take from that. I've determined to already keep a certain level for my BTCs believing that it will continue to grow so as long as I keep that level as a minimum, I don't worry about the fluctuations
Because I am keeping the float, when I transfer bigger amounts to BTC I don't need to wait for the money to clear and I usually get credited for the amount transferred in right away