Hello,
Until recently I had only vaguely heard of Bitcoin but during the course of starting up a new business we came across a web developer who requested to be paid in Bitcoin, thus marking my nose first dive into all things Bitcoin. I'm still incredibly new with all of it and at first it was more than a little overwhelming but I'm learning more and more and plan to continue doing so.
On to my first point, I was wondering if anyone had a strategy for buying Bitcoin... it seems to be a bit volatile to me so come on guys, what's the secret? Money is a little tight and I'm finding the fluctuations either cause quite a thrill or a sinking depression. Any advice?
Lastly, we're considering accepting Bitcoin in our new business. It's a largely online venture and it seems to be a good option for Bitcoin but I'm not sure if my excitement is getting the better of me, are there any intricacies or major complications for businesses and Bitcoin? Especially come tax time or maybe something else altogether I'm not thinking of?
Thanks for taking the time,
Grant
Until recently I had only vaguely heard of Bitcoin but during the course of starting up a new business we came across a web developer who requested to be paid in Bitcoin, thus marking my nose first dive into all things Bitcoin. I'm still incredibly new with all of it and at first it was more than a little overwhelming but I'm learning more and more and plan to continue doing so.
On to my first point, I was wondering if anyone had a strategy for buying Bitcoin... it seems to be a bit volatile to me so come on guys, what's the secret? Money is a little tight and I'm finding the fluctuations either cause quite a thrill or a sinking depression. Any advice?
Lastly, we're considering accepting Bitcoin in our new business. It's a largely online venture and it seems to be a good option for Bitcoin but I'm not sure if my excitement is getting the better of me, are there any intricacies or major complications for businesses and Bitcoin? Especially come tax time or maybe something else altogether I'm not thinking of?
Thanks for taking the time,
Grant
I think that right now is very good time to buy Bitcoins, because price is very low.
Generally, when price is low, it's always good time to buy and sell later, when price id higher
Regarding taxes, if you do bank wire, I guess, you will have to pay taxes but if you cash out your BTC at Bitcoin ATM, you don't need to pay anything.