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H-why would anyone implement BTC as a form...
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Thread replies: 15
Thread images: 2
H-why would anyone implement BTC as a form of payment into their business?

Prices goes up and down by 50dollars a day. You just can't know what you get.
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Because you're a shitmunching dumbass. NEXT
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>>1088482
You set your prices in USD but accept bitcoins as payment. Transfer any BTC directly into USD after payment.

Why accept them? Why not? Accepting more currencies means more potential customers.
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>>1088482
do you have to pay tax for btc?
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>>1088614

Can BTC be realized as losses?
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>>1088616
i dont know, thats the reason im asking...

when i think about it... in germany BTC isnt money... so if you 'sell' something you dont get paid... it's just a trade. and then u dont need to pay tax?

am i right?
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>>1088625

I don't know.

I'm American and you have to pay taxes on money made illegally, but I don't know if bitcoin is considered a currency, or an investment, or just a product.

If it's a currency or investment yes to taxes...

I don't know what it is though.
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>>1088614
Germanfag here, and i think this counts for EU as well:
you have to pay tax here when earning btc commercially.
you also pay tax when speculating, which can just mean exchanging a greater amount.
I don't know how much this is, however. But I believe it's the same as with "normal" currency
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>>1088672

Can you realize losses though?
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>>1088672
Germanfag reporting in.
Was considering to add btc as payment method to my website. Lawyer said ok. Any sources on your statement?
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Btc - internet gold
Ltc - internet silver (might be displaced)
Eth - internet oil

To be decided:
Internet black market money, maybe dash

Cool outsiders/niches:
Nxt
Doge
Ppc
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>>1088514
>You set your prices in USD but accept bitcoins as payment. Transfer any BTC directly into USD after payment.

Just copy and paste this any time somebody asks why BTC should be used as a currency and the response is "Secure, stable, anonymous." It's a lot of things, but stable is not one of them.
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>>1088691
not him and not german

most western countries draw a line between investing and trading.

if investing, you have capital gains/losses and pay capital gains tax on them

if trading your gains are income and losses expenses


you will probably want another account for currency gain/loss assuming its possible for the price to shift between accepting btc and getting euro in your account
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>>1088727
>correction

ETH is internet everything.

As of right now the rest are all obsolete and could be implemented in a few lines of ETH code.
>>
I think the majority of places are using Coinbase to convert at the time of payment.
(At least bigger companies like Dell, Overstock, Expedia)

Businesses have no need to panic sell BTC, as they have other funds coming in from regular transactions. At some of the more independent stores, the owner is likely holding some percentage of their BTC as a long term investment.
Thread replies: 15
Thread images: 2
Thread DB ID: 503041



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