Bitcoin is hot. So, should investors in wholesale real estate scramble to accept Bitcoin, or is there another major pitfall to avoid?
Just as the value of virtual currencies skyrocketed, the buzz about Bitcoin seems to only get bigger and bigger. So, for those wholesale banks, what are the real pros and cons of using this digital currency for transactions? Must have or must be avoided?
In fact, introducing these bitcoins into the business can bring many benefits.
· Make it easier for more people to buy and invest from you
Profit from the sharp rise in the price of Bitcoin
·Increase news, brand awareness and viral spread
·Attention to technology-savvy investors and purchasers
Of course, the CEOs of many wholesale companies are just discovering the full meaning of Bitcoin. Unfortunately, most of this comes in the form of negative media, including the recently closed Silk Road, the arrest of Charlie Shrem and the confiscation of millions of dollars in Bitcoin.
On the bright side, people who follow this news will realize that all of this has nothing to do with the use of Bitcoin, but with the sale of illegal activities. In fact, the fact that the government is reportedly selling digital coins with its credit cards makes Bitcoin legal.
It has become very easy to accept Bitcoin, and more and more companies in various industries are adopting it. Now, there is an amazing window of opportunity to multiply the portability of money and hold on to it. For many people, this may be their best marketing move this year, and it really helps to push their business to new heights. Of course, this will not be a long-term door or opportunity. We are talking about the weeks and months before new things die, and everyone is doing it.
However, there are some key considerations to keep in mind. Many people may prefer to spend and accept Bitcoin to protect privacy. However, even though “Bitcoin Magazine” reported that 90% of people have been hoarded, there may still be major fluctuations.
In the past year, this has been supporting Bitcoin owners and miners. Coins worth a few hundred or a few hundred dollars a year ago are currently trading at hundreds of thousands of dollars. Since the number of people holding them is limited, few people can control them.
Therefore, recognize the value of using them in wholesale properties, but please consider the consequences of holding too much virtual currency.