Should PROPERTY Wholesalers Accept Bitcoin

Bitcoin is hot. So should investors wholesaling properties be scrambling to accept bitcoins or could it be another major pitfall to avoid?

The buzz about bitcoins seems to only be growing, in the same way the virtual currency is rocketing in value. Just what exactly are the real advantages and disadvantages of dealing in this digital currency for those wholesaling houses? Is it an absolute must have or must avoid?

There are actually benefits of incorporating bitcoins into business for all those wholesaling properties.

This includes:

ï¿½ Rendering it easier for more individuals to get from and invest with you

ï¿½ Cashing in on the dramatic increase in bitcoin price

ï¿½ Increased press, brand visibility and viral spread

ï¿½ Attention from tech savvy investors and buyers

Of course many wholesaling CEOs are simply discovering what bitcoin is about. Unfortunately, much of that is by means of negative media surrounding the recent shut down of Silk Road, arrest of Charlie Shrem and mega-million dollar bitcoin seizure.

On the bright side, those that have followed this news will undoubtedly be aware that this all had little related to using bitcoins, and everything to do with the illegal activities being bought and sold. In fact, the fact that the federal government is reportedly selling the digital coins it swiped makes bitcoin legitimate.

It's becoming very easy to accept bitcoin, and more and more businesses in a variety of industries are adopting it. There is an amazing chance for riding on the coattails of the currency and press by firmly taking it. For website , it could be their best marketing move of the year, and really help launch their businesses to another level. Needless to say this won't be a door or opportunity open for long. We have been talking weeks and months before the novelty wears off and many people are doing it.

There are a few critical considerations to bear in mind though. Many may prefer spending and accepting bitcoins for privacy. However, while Bitcoin Magazine reports 90% of these in existence are being hoarded, there's the prospect of big fluctuations.

During the last year it has worked in the favor of bitcoin owners and miners. Coins that were worth just a few, or few hundred dollars this past year are trading for hundreds and thousands of dollars. Because of the limited amount of people holding them you will find a lot of control in several hands.

So recognize the worthiness of with them in wholesaling properties, but think about the consequences of holding too much in virtual money.

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