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    Should Real Estate Wholesalers Accept Bitcoin

    Bitcoin is hot. So should investors wholesaling properties be scrambling to accept bitcoins or is it 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. So what are the real pros and cons of dealing in this digital currency for all those wholesaling houses? Is it an absolute must have or must avoid?

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

    This includes:

    � Making it easier for more people to get from and invest with you

    � Cashing in on the dramatic increase in bitcoin price

    � Increased press, brand visibility and viral spread

    � Attention from tech savvy investors and buyers

    Of course many wholesaling CEOs are simply discovering what bitcoin is about. Unfortunately, much of that is in the form 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 be aware that all had little to do with using bitcoins, and everything to do with the illegal activities being bought and sold. Actually, the fact that the government is reportedly selling the digital coins it swiped makes bitcoin legitimate.

    It's becoming super easy to accept bitcoin, and more and more businesses in various industries are adopting it. Right now there is an amazing chance for riding on the coattails of the currency and press by taking it. For many, it may be their best marketing move of the entire year, and really help to 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 prior to the novelty wears off and everyone is doing it.

    There are some critical considerations to bear in mind though. Many may prefer spending and accepting bitcoins for privacy. However, while Bitcoin Magazine reports 90% of those in existence are increasingly being hoarded, there is the potential for big fluctuations.

    During the last year this has worked in the favor of bitcoin owners and miners. Coins that were worth just a couple of, or few hundred dollars a year ago are trading for hundreds and tens of thousands of dollars. Because of the limited number of people holding them there exists a large amount of control in a few hands.

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

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