Bitcoin is hot. So should investors wholesaling properties be scrambling to accept bitcoins or is it another major pitfall to avoid? bitcoin forecast for 2018
The buzz about bitcoins seems to be growing, just as the electronic currency is rocketing in value. So what are the real pros and cons of dealing in this digital currency for those wholesaling houses? Is definitely it an absolute must have or must avoid?
You will find many benefits associated with incorporating bitcoins into business for those wholesaling properties.
? Making it simpler for more individuals to buy from and invest with you
? Cashing in on the remarkable increase in bitcoin price
? Increased press, brand presence and viral spread
? Focus from tech savvy shareholders and buyers
Of course many wholesaling CEOs are just discovering what bitcoin is focused on. Unfortunately, much of this with the form of negative media adjoining the recent power down of Silk Road, arrest of Charlie Shrem and mega-million dollar bitcoin seizure.
About the bright side, those that contain followed this media will be aware that this all had little to do with using bitcoins, and everything to do with the illegitimate activities being bought and sold. In fact, the fact that the govt is reportedly selling the digital coins it swiped makes bitcoin legitimate.
Is actually becoming very easy to simply accept bitcoin, and more and more businesses in various industries are adopting it. Right now there is an incredible window of opportunity for riding on the coattails of the forex and press if you take it. For many, it could be their finest marketing move of 12 months, and really help to launch their businesses to the next level. Of course this won’t be a door or opportunity open for long. We are speaking weeks and months before the novelty passes and everyone is doing it.
There are several critical considerations to keep in mind though. Many may prefer spending and accepting bitcoins for privacy. However, while Bitcoin Magazine reports 90% of these in existence are being hoarded, there is the potential for big changes.
Over the last 12 months this has worked in the favor of bitcoin owners and miners. Cash that were worth simply a few, or few 100 dollars a year back are currently trading for hundreds and tens of thousands of dollars. Credited to the limited amount of men and women holding them there is a lot of control in a few hands.