Leatherwork And Crypto Currencies

[Tramps Leatherworking]

I respect Beaverslayer trying to increase his investment, but I guarantee you folks, that anyone pushing Bitcoin to you has a vested interest in it, they either mine them and/or trade them... Their success in making money depends on their ability to increase the use of this digital currency... I will never accept anything but cold hard cash, there is no good reason to get involved in this --- If this can be easily converted to cash, then the people who have them can convert them and pay me... I have done lot's of research on this, so it is not just my opinion...

[Troy I]

I'm with you Tramps....Beaverslayer is trying way too hard to sell this venture...not worth the risk...besides what is wrong with established currencies, why do we need something else...I'll tell you...it is because a select few will make millions while the masses are left holding the bag.

My advice is to run away very fast.

This is just my opinion, so take it for what it is worth.

[Beaverslayer]

I respect Beaverslayer trying to increase his investment, but I guarantee you folks, that anyone pushing Bitcoin to you has a vested interest in it, they either mine them and/or trade them... Their success in making money depends on their ability to increase the use of this digital currency... I will never accept anything but cold hard cash, there is no good reason to get involved in this --- If this can be easily converted to cash, then the people who have them can convert them and pay me... I have done lot's of research on this, so it is not just my opinion...

As I stated before Tramps, I respect your opinion (and what you stated above....IS YOUR OPINION)

I do not respect you assuming my sole intention for "Informing" and "Helping" people look into another form of increasing sales and marketing their goods as "Beaverslayer trying to increase his investment". This is what I would consider an attack on me personally. Everything I have ever done or posted on this forum was for the sole intention of "Helping" other leather workers...always has been always will be...

You personally have decided that Bitcoin (and most likely credit cards and PayPal and such) are not for you and only accept "Cold Hard Cash" for your goods, this is all well and fine. But....yes BUT, there is a whole other world out there, and in that world there are many many many other forms of payment that are accepted and people use every day of the week.

When it comes to "Mining" Bitcoin, today it is not worth a individuals time nor money to even consider mining them, this is done by companies that have invested millions of dollars into mining them. I, as stated above "Mine" Altcoins (they are like Bitcoin but only a few are accepted like Bitcoin) and I trade those on an exchange for other Altcoins and when needed I convert those to Bitcoin and sell them.

If you truly believe that by me posting here on this forum trying to get people to use Bitcoin to make the price of Bitcoin go up so I make more money, well, I'm sorry but that really does make me laugh. Even if 500 of the people that frequent this site were to accept Bitcoin and use it on a daily basis, this would have zero effect on the daily price of Bitcoin. The price is determined by people who trade millions of dollars worth of Bitcoins hourly, not by retail sales people. It's like when people complain about the price of gasoline and blame the big oil companies for the price...it is not the oil companies, it is the people who trade "Futures Contracts" of oil and gasoline who determines the price of gasoline and oil, just like any other commodity.

Your opinion of "If this can be easily converted to cash, then the people who have them can convert them and pay me" is no different that saying if you have a credit card/debit card or PayPal, then use it and convert that to cash and pay me with the cash.

[Beaverslayer]

I'm with you Tramps....Beaverslayer is trying way too hard to sell this venture...not worth the risk...besides what is wrong with established currencies, why do we need something else...I'll tell you...it is because a select few will make millions while the masses are left holding the bag.

My advice is to run away very fast.

This is just my opinion, so take it for what it is worth.

Troy I,

I don't see where I am "Trying way too hgard" to sell this venture. I posted about Bitcoin and accepting it as a payment method for custom leather work done by people who frequent this forum as another way to increase sales and market their goods. People responded with questions and concerns and I posted replies to those.

Just in this section of the forum there are 320 topic posts related to "Marketing and Advertising" with 3,349 replies to these posts. All these posts are about Marketing and Advertising, this is just another one of those posts that gives leatherworkers the opportunity to look at another form of payment.

You ask what is wrong with the currencies we have today and why do we need another one. Well, you may want to ask the people of Cypress about that, also the people of Zimbabwe, they will be more than happy to explain to you exactly what happened to the money that their Governments printed for them.

When it comes to "Needing" a new currency, nobody is saying that we need it, but it is there for your use should you decide to use it. Who said we needed credit cards and debit cards? why have so many people stopped using "Cash" and instead pay with a debit card? It's called "Progress" and adapting new technology to the ever changing world.

Do you truly believe that companies like Microsoft and Overstock.com only accept Bitcoin in hopes of driving the price of Bitcoin up? no they accept it as a payment means because they realise that their sales will increase and their cost of making that sale will decrease. Sure there are people who are involved with Bitcoin that are going to make millions of dollars, no different thatn the banks and credit card companies have been doing for years.

[cgleathercraft]

If I remember correctly the amount of bitcoins are finite. meaning no more will be created only their value will increase (or decrease) depending on what we put in and take out (except whatever is left to be mined). Basically the value of a bitcoin is based almost entirely what we invest into it. The more people that buy in the more its worth. The more people withdraw the more it goes down.

While I might accept it as a form of payment, it won't bring much value to the bitcoin world because I wouldn't just leave the coins to sit. They will find their way directly into my bank account and it will be a one way transmission.

[Tramps Leatherworking]

As I stated before Tramps, I respect your opinion (and what you stated above....IS YOUR OPINION)

I do not respect you assuming my sole intention for "Informing" and "Helping" people look into another form of increasing sales and marketing their goods as "Beaverslayer trying to increase his investment". This is what I would consider an attack on me personally. Everything I have ever done or posted on this forum was for the sole intention of "Helping" other leather workers...always has been always will be...

You personally have decided that Bitcoin (and most likely credit cards and PayPal and such) are not for you and only accept "Cold Hard Cash" for your goods, this is all well and fine. But....yes BUT, there is a whole other world out there, and in that world there are many many many other forms of payment that are accepted and people use every day of the week.

When it comes to "Mining" Bitcoin, today it is not worth a individuals time nor money to even consider mining them, this is done by companies that have invested millions of dollars into mining them. I, as stated above "Mine" Altcoins (they are like Bitcoin but only a few are accepted like Bitcoin) and I trade those on an exchange for other Altcoins and when needed I convert those to Bitcoin and sell them.

If you truly believe that by me posting here on this forum trying to get people to use Bitcoin to make the price of Bitcoin go up so I make more money, well, I'm sorry but that really does make me laugh. Even if 500 of the people that frequent this site were to accept Bitcoin and use it on a daily basis, this would have zero effect on the daily price of Bitcoin. The price is determined by people who trade millions of dollars worth of Bitcoins hourly, not by retail sales people. It's like when people complain about the price of gasoline and blame the big oil companies for the price...it is not the oil companies, it is the people who trade "Futures Contracts" of oil and gasoline who determines the price of gasoline and oil, just like any other commodity.

Your opinion of "If this can be easily converted to cash, then the people who have them can convert them and pay me" is no different that saying if you have a credit card/debit card or PayPal, then use it and convert that to cash and pay me with the cash.

What I stated above "IS NOT" just my opinion --- you stated in an earlier post that you mine and trade these, so you DO have a vested interest in increasing their value... If someone on here wants to invest in any commodity, then that is their choice, I just feel people need the whole story before making such a decision. Making people think there is NO risk to this is just not being honest.

This all I will post on this subject, and like I said, "Good Luck" with your investment.

[leatherwytch]

Beaverslayer,

Thanks. If I need your assistance I will contact you. i do have websites and I do them myself. I will be adding bit coin to my websites.

It was good he was able to put it that I could visualize it and it was so much less confusing than I felt it would be.

The risk involved in this is maybe holding it instead of changing it over to Fiat. But it can also be a benefit. Unlike currency the bottom won't fall out but it can go higher or lower. it is a combination of playing the barter stock market.

I like it does not cost me a cent to hook it up to my business. It only costs a miniature amount of money per transaction. I don't believe I will get a million transactions off the bat.

Edited February 6, 2015 by leatherwytch

[Constabulary]

--- If this can be easily converted to cash, then the people who have them can convert them and pay me... I have done lot's of research on this, so it is not just my opinion...

My words! I absolutely don´t see why I should do it. I somehow have a "Sales Show" feeleing here.

We have a saying here: "Wes Brot ich ess, des Lied ich sing" or freely translated: "Whose bread I eat his song I sing"

Some interesting aspects here (I don´t eat their bread but worth reading it)

http://www.tradingacademy.com/resources/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx

Good luck with this stuff - I´m out.

[leatherwytch]

Constabulary,

No one HAS to do it. It was mainly a suggestion. I surely doubt 5000 people will come thundering to my site because I have bit coin. I am putting it there because it is not a pain in the butt to transpose to fiat. If I can make more money by running it, then why not. If I don't have to pay taxes on it, even better. We are all adults it is each persons individual choice to do it or not. Beaverslayer was just giving us a heads up on how to move business forward. If it works it works. If it doesn't, no harm, no foul. It doesn't cost me anything and that is good with me.

[Thor]

Haha those Calgary guys had a winter impact..

Bitcoin blabla.. When you mention bitcoin as an alternative to other payment methods you should mention the risks as well and especially in the last little while it was in the media and a few guys and companies seemed to loose a little too much with it.

Constabulary seems to be from northern Germany. Tough to convince these guys. Almost as tough as convincing a swiss person ;-)

Again common sense isn't all too common anymore, but it must be used to understand the system. This looks like catch22. Marketing must be done for every product but this goes a bit overboard, which makes it suspicious. Reminds me on one of these MLM systems. But to befair, we all said the same about PayPal a few years ago.