Accepting Bitcoin for freelance work a good idea or waste of time?

25 replies
I've been coming across a trend lately and I don't know if it's worth it to mention it here. I was just wondering how many of you use bitcoin to pay for freelance work. Lately I've had issues with this as some people say they want to pay using it, but I really don't understand it. It seems like it might be more trouble than it's worth.

However if it's something that will give me an edge in terms of getting more work, then I don't want to be without it. Any thoughts on this?
#accepting #bitcoin #freelance #good #idea #time #waste #work
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  • Profile picture of the author DWolfe
    Bitcoin is very volatile right now,just read the price trends this week. (Note it has been going down) Are you going to constanly change your charges to adjust for the changes? What happens if someone pays you $50.00 for your time, than a few hours later you find your bitcoin value dropped $10. can you handle that type of loss as you convert it to cash ? What happens if they want a refund can you adust fot that if the value changes again. Until the wild fluctations stop it would be more trouble than it is currently worth, just to gain a few customers.
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  • Profile picture of the author Jeffery
    "Never accept wooden nickels."
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  • Profile picture of the author PurePay
    If you have time to wait do it, if you want money fast don't do it
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  • Profile picture of the author OptedIn
    Have you read todays news? It's in a free fall.
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  • Profile picture of the author luciesmazanska
    pheonix44 I would say its good as when you are accepting any other payment ...just dont make it as a primary or only one option for customers
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    • Originally Posted by luciesmazanska View Post

      pheonix44 I would say its good as when you are accepting any other payment ...just dont make it as a primary or only one option for customers
      I agree. It's good to have it as an option if it can get you more customers. Just think of bitcoin as money you can afford to lose. If it increases in value, that's great. But you don't expect it to or else you'll just end up disappointed.
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  • Profile picture of the author anasmalik1231
    well bitcoin is shaky at this time you cannot say anything sure about this. But i think it is a risk taking bitcoins....
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  • Profile picture of the author FaelTheBoss
    It's a good idea if you want to engage in following of the trends and trading cryptocurrencies You can accept bitcoin but my recommendation is to sell it for regular money immediately.
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  • Profile picture of the author Rob Hunsons
    Well, it's not bad, but you have to learn more about crypto, as it constantly changes its value.
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  • Profile picture of the author superowid
    If you want to accept BTC, you have to use your own TOS to your clients to eliminate any exchange troubles.
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  • Profile picture of the author Rose Anderson
    Do you like to gamble? If so, you might want to accept some and see what happens. It's been a roller coaster ride. You have to be willing to risk a loss.

    I wouldn't count on it to pay the rent next month or buy groceries this week. I'd limit it to a small percentage of income such as 5% or any amount that you don't need to pay the bills.

    It can be a hassle, though, so you might find it not worth the extra trouble.

    Rose
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    • Profile picture of the author OptedIn
      Originally Posted by Rose Anderson View Post

      It can be a hassle, though, so you might find it not worth the extra trouble.
      Precisely. One of the main rules of business: KISS.
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      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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  • Profile picture of the author pheonix44
    Bitcoin is very volatile right now,just read the price trends this week. (Note it has been going down) Are you going to constanly change your charges to adjust for the changes? What happens if someone pays you $50.00 for your time, than a few hours later you find your bitcoin value dropped $10. can you handle that type of loss as you convert it to cash ? What happens if they want a refund can you adust fot that if the value changes again. Until the wild fluctations stop it would be more trouble than it is currently worth, just to gain a few customers.

    All of what you said in this post rings very true. My worst fear would be the value going down. It's like shorting a stock and having the price go up significantly shortly thereafter.
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  • Profile picture of the author Ronish Baxter
    You should wait because bitcoin is in kind of shaking. If you want to use don't use it as primary option otherwise you might loose.
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  • Profile picture of the author pheonix44
    People keep saying it's volatile, but isn't this the nature of all such currency? I wouldn't expect it to just keep going up and up or stay where it's at long term.
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  • Profile picture of the author OptedIn
    Today's headline: "Bitcoin skids to a 13-month low, nearing $5,000" - CNBC

    That's down from $20,000. Who needs it?
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    "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

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  • Profile picture of the author Obermair
    Not worth it... potential clients wanting to use bitcoin is way to small - notwithstanding the cost of the transaction and volatile conversion price.
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  • Profile picture of the author schwartz
    It is risky to accept bitcoins, especially with this volatility.
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  • Profile picture of the author Brent Stangel
    I wouldn't touch it with someone else's ten-foot-pole.

    Brent
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  • Profile picture of the author greatness008
    It's a GREAT idea. Don't listen to the naysayers, crypto is here to stay and will only become bigger and more mainstream with time. Right now it's in a bear market and dirt cheap. 2019 Bitcoin will rocket past 5k by the first half of the year. Your future self will thank you.
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    • Profile picture of the author OptedIn
      Originally Posted by greatness008 View Post

      It's a GREAT idea. Don't listen to the naysayers, crypto is here to stay and will only become bigger and more mainstream with time. Your future self will thank you.
      My basement is for rent. Keep it in mind.
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  • Profile picture of the author Brent Stangel
    2019 Bitcoin will rocket past 5k by the first half of the year.
    I've always wanted a future-telling crystal ball...will you sell yours? I'll pay in BrentBux.

    Brent
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    • Profile picture of the author OptedIn
      Originally Posted by pheonix44 View Post

      What's brentbux?
      So much for your crypto expertise. Epic fail.
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