A company outside the U.S. owes me money. They want to send it to me with Bitcoin. It appears to me the value of a bitcoin varies greatly from one day, or sometimes one hour, to the next. My question is, if the company pays me in bitcoins what happens if the value drops significantly before I can sell them and convert them to cash? Also, where is a trusted place to sell bitcoins?
Thank You
how about spending the bitcoins on stuff.
I had this argument with someone who posted something on my local kijiji classifieds and I asked them if they would be interested in trading anything when they came to drop off the item to my house, they said no without stepping through the door, they only wanted cash. I then pointed out to them, what do you want cash for, if not to buy things? They thought a second and said, hey your right! came into my garage and saw I had 4 tires for a car i had sold, and he needed them. He pointed out that he only wanted the cash to buy tires anyway, and said that he never really thought about barter.
So instead of getting hung up on pulling dollars out of bitcoins, why not just relax and buy something with them....
Isn't it a lot of hassle,much more than $ or plastic? If it wasn't for the crazy run-up in price and a hope for a lot more or a personal need for the underground economy,why bitcoins? Bitcoins seem to be time consuming to use.Plus the horror stories of wallet rip-offs,key-stroke thieves and other situations with little legal remedies,along with lost passwords.Speculation seems to be the only reason to bother.