Business Raising money via Bitcoin markets - GoFuckYourself.com

daverock · 08-22-2014, 08:15 PM

Anyone have experience in this? IPO? Interested in sharing positive/negatives?

nmejia999 · 09-05-2014, 04:39 PM

Pros
- Can't be chargedback
- Buy cheap and sell when price goes high
- Faster and easier than PayPal.
- $100 Worth of Bitcoins equal to roughly $125 PayPal or in hand cash.
- Pretty easy to implement
- Many web hosting companies and domain providers no accept Bitcoins so you can remain 100% anonymous when making a purchase.

Cons
- Prices can fall down
- You do not know who made a transaction on the site unless you use something like Bitpay
- If you lose access to your computer wallet then Bitcoins can never be recovered
- If you are using an online wallet then you still have ways to get the account back however if the company/website gets shut down then you lose your Bitcoins.
- PayPal does not offer protection on Bitcoins
- Bitcoins are disallowed in very few countries (Columbia, and India).
- Not many porn addicts use Bitcoins even though they know what it is. Reason being is that most porn addicts aren't people who invest in currencies, etc.

08-22-2014, 08:15 PM	#1
daverock Confirmed User Industry Role: Join Date: Jan 2013 Location: Providence, RI Posts: 116	Raising money via Bitcoin markets Anyone have experience in this? IPO? Interested in sharing positive/negatives? __________________ With great power, comes great responsibility.

09-05-2014, 04:39 PM	#2
nmejia999 Registered User Industry Role: Join Date: Aug 2014 Posts: 6	Pros - Can't be chargedback - Buy cheap and sell when price goes high - Faster and easier than PayPal. - $100 Worth of Bitcoins equal to roughly $125 PayPal or in hand cash. - Pretty easy to implement - Many web hosting companies and domain providers no accept Bitcoins so you can remain 100% anonymous when making a purchase. Cons - Prices can fall down - You do not know who made a transaction on the site unless you use something like Bitpay - If you lose access to your computer wallet then Bitcoins can never be recovered - If you are using an online wallet then you still have ways to get the account back however if the company/website gets shut down then you lose your Bitcoins. - PayPal does not offer protection on Bitcoins - Bitcoins are disallowed in very few countries (Columbia, and India). - Not many porn addicts use Bitcoins even though they know what it is. Reason being is that most porn addicts aren't people who invest in currencies, etc.