Quote from: bdbabiak77 on February 11, 2019, 04:49:32 PM

Quote from: Beman30 on February 10, 2019, 06:09:08 PM

Quote from: bdbabiak77 on February 10, 2019, 05:59:18 PM

Healthcare provider here. Just use BitPay or Coinbase Merchant. They both convert right away into fiat. I've been doing this since 2011 - I can count on one hand the number of times it's been used, and I've always lived in the biggest, tech-savvy, progressive, young cities. It's not likely to affect your practice at all, however since it's just another payment link/option, it doesn't negatively affect your practice in any way. It does make taxes on your schedule C (or S-corp LLC) far more complicated - I use CrytpTrader.tax - it's very effective and audit-proof. You have to file 8949s for any and all 1099-Ks you get.

Thank you very much, very appreciated. May i ask you, if you sell some of your service online?

Yes, the patients can pay their copays through a patient portal. I have debit/credit, PayPal, e-check, and crypto possibilities. Venmo and Paypal get way more use among millennials. Even though no one uses crypto really, it does seem to give the aura of "hipness" and cutting-edge tech, which is useful as advertising. I've have had some older people (fox news types) refuse to see me because of crypto's scammy reputation, but with my native personality and edgy political/economic ideas, I'm sure it would have been a bad fit anyway. But taking crypto is definitely a two-edged sword in medical practice, much like advertising.

The thing is crypto is going to sink back to its true value. It definitely has a future, but more like a 5-year to 10-year span. I sold out my first wave of bitcoin at $1000. I think that's its true value now. I think we're going to sink to the 2000s at least in the near future. I would leave like 10-20K each on 10 different exchanges (not too much at one exchange because a loss is very likely at an exchange) to buy back in at around 2k, maybe even with limit orders. If it never rebounds just take your money back in two years. I wouldn't leave anything in crypto holdings now because you'll lose capital.

I feel that taking crypto is the best way to move it forward. This is dot com all over again. I made good money off the future FANG same way at the end of the 90s. Just because something's true (like crypto) doesn't mean everyone sees it yet - markets are moved by the masses, not individuals. Patience and precision are key.

thanks again, very usefull informations.