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
Hi - the volatility of bitcoin is the issue. They could send you the bitcoins at a value and it could drop greatly, or, it could in fact increase greatly. Essentially to clear the debt, say it's $100 you might say 1btc for $100. By the time you "convert" it might be 95 it might be 105.
fastcash4bitcoins is my preferred vendor.
I checked out fastcash4bitcoins but they appear to have a problem keeping enough funds on hand. Their PayPal payout option runs out of funds just a few hours after they refund it. Do you know of any other vendors that have a PayPal payout option?