Should Real Estate Wholesalers Accept Bitcoin?

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Bitcoin is hot. Should investors selling wholesale properties therefore accept bitcoins or is it another major trap to avoid?

Interest in bitcoins seems to be growing, just as virtual money is skyrocketing. What are the real advantages and disadvantages of using this digital currency for wholesalers? Is it a must have or should avoid?

There are actually many advantages to incorporating bitcoins in companies for these wholesale properties.

This includes:

· Facilitate the purchase and investment with more people

· Take advantage of the spectacular rise in the price of bitcoin

· Increased press, brand visibility and viral spread

· Attention from investors and technology-savvy buyers

Of course, many wholesale CEOs are discovering what is bitcoin. Unfortunately, much of this is in the form of negative media surrounding the recent closure of Silk Road, the arrest of Charlie Shrem and the seizure of a mega million dollars in bitcoin.

On the bright side, those who have followed this information will know that all this has very little to do with the use of bitcoins and all that relates to illegal activities bought and sold. In fact, the fact that the government sells the digital coins that it has slipped makes bitcoin legitimate.

It is becoming very easy to accept bitcoin and more and more companies from various sectors are adopting it. At present, there is an incredible opportunity to take advantage of and benefit from the benefits of money. For many, this could be their best marketing move of the year and really help launch their businesses to the next level. Of course, this will not be a door or an open opportunity for long. We are talking weeks and months before the novelty disappears and everyone else does it.

However, some important considerations must be kept in mind. Many may prefer to spend and accept bitcoins for more privacy. However, although Bitcoin Magazine indicates that 90% of those that exist are being amassed, there is a potential for large fluctuations.

Over the last year, this has favored bitcoin owners and miners. Coins worth a few hundred or even a few hundred dollars a year ago are currently trading for hundreds and tens of thousands of dollars. Because of the limited number of people who hold them, there is a lot of control in a few hands.

So recognize the value of using them for wholesale property, but think about the consequences of too much holding of virtual money.


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