Do you think myLot should add Bitcoin as one of payment method?

@tech40 (9775)
Philippines
June 23, 2016 6:51am CST
Nowadays bitcoin amount if getting higher everyday, Some people joined to website pays on BTC because the price of bitcoin is getting high! And it's time for them to get more BTC and sell it once the price of BTC get more higher. What if myLot add BTC as one of the payment here? Do you think it's good since the conversion of BTC to USD is getting higher than normal? Nowadays bitcoin address are mostly used than PayPal because in Bitcoin it doesn't requires you for credit card unlike on PayPal and on BitCoin it's easy to make your own Bitcoin wallet.
10 people like this
17 responses
@JolietJake (51104)
• United States
23 Jun 16
No, absolutely not. Since bitcoin does not have a fixed value, it would be a terrible mistake for myLot to use it as payment.
6 people like this
@tech40 (9775)
• Philippines
24 Jun 16
Oh. yeah you have a point on there.. you're right, Bitcoin changed every seconds..
2 people like this
@trivia79 (7888)
• El Segundo, California
23 Jun 16
it's not stable. that would be so risky for mylot.
2 people like this
@tech40 (9775)
• Philippines
24 Jun 16
Yeah I should agree with that, specially bitcoin currency changed every second
2 people like this
@trivia79 (7888)
• El Segundo, California
24 Jun 16
@tech40 yep! one thing is for sure, it is more than $200
@tech40 (9775)
• Philippines
24 Jun 16
@trivia79 Yep I think it's over $600 now
1 person likes this
@Mike197602 (13895)
• United Kingdom
23 Jun 16
If it 'aint broke don't fix it. No need to add any other payment method as paypal works fine.
2 people like this
@tech40 (9775)
• Philippines
24 Jun 16
I agree.. Paypal is more secured unlike other
2 people like this
@jstory07 (70104)
• Roseburg, Oregon
24 Jun 16
I agree with you if it is not broke do not change it. @Mike197602.
1 person likes this
23 Jun 16
Is it just me or when a company is doing just fine they add something then it all goes downhill because the new doesn't work as well as the old. Same thing with this topic.
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
I see and to make this short you're not favor for bitcoin right?
1 person likes this
24 Jun 16
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
@Antonius25 I see since bitcoin doesn't have fix amount like what JJ mentioned, this isn't good for myLot.
1 person likes this
@jaboUK (55053)
• United Kingdom
23 Jun 16
I'm perfectly happy with Paypal.
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
Yep paypal is more safer than other payment method
2 people like this
@jstory07 (70104)
• Roseburg, Oregon
24 Jun 16
I am happy with pay pal.
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
@jstory07 Yeah I'm happy with paypal too. :)
@shaggin (37848)
• United States
23 Jun 16
I have never heard of bitcoin I am not sure what it is can you explain a little more for me?
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
Bitcoin is a internet currency
1 person likes this
@shaggin (37848)
• United States
28 Jun 16
@tech40 Like paypal and alertpay?
@tech40 (9775)
• Philippines
29 Jun 16
@shaggin No it's different, Bitcoin is a internet currency
@ilocosboy (37540)
• Philippines
23 Jun 16
That is a nice idea because I wanted to learn the strategy in bitcoin. Any site you can recommend?
1 person likes this
@JolietJake (51104)
• United States
23 Jun 16
Actually, it is a horrible idea. Say myLot started paying 1/1000 of a bitcoin instead of 1/1000 of a cent. Now, supposed the value of a bitcoin suddenly doubles? All of the sudden, myLot has to pay twice the amount they were, and that leads to the site having to stop payment again. Just no.
3 people like this
@ilocosboy (37540)
• Philippines
23 Jun 16
@JolietJake the reason why I wanted to know more about bitcoin... including the disadvantage.l
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
@JolietJake I see, you have a great point there..
2 people like this
@just4him (127288)
• Green Bay, Wisconsin
23 Jun 16
I've only heard of Bitcoin as a site. I didn't know it was a payment method.
1 person likes this
@tech40 (9775)
• Philippines
24 Jun 16
Yep it's not a payment method but it is a currency, or a virtual currency that can be converted to real money
1 person likes this
@skysnap (18039)
24 Jun 16
Bitcoin can be troublesome with fluctuating rates. so i think paypal and payoneer good enough.
@tech40 (9775)
• Philippines
24 Jun 16
Yep with paypal it's a fixed amount unlike bitcoin
@skysnap (18039)
24 Jun 16
@tech40 i would love to have payoneer though.
@tech40 (9775)
• Philippines
24 Jun 16
@skysnap Agree payoneer offers card right?
@ridingbet (59691)
• Philippines
24 Jun 16
my son was given one bitcoin. i don't know the value of one bitcoin./
@tech40 (9775)
• Philippines
24 Jun 16
This moment 1 bitcoin = 683.51 USD
@ridingbet (59691)
• Philippines
24 Jun 16
@tech40 so, a bitcoin makes one richer in dollars
@tech40 (9775)
• Philippines
24 Jun 16
@ridingbet Yep because the currency of BTC is increasing, but there are times that the conversion of BTC is dropping, it's just forex
1 person likes this
@salonga (27955)
• Philippines
25 Jun 16
I am okay with paypal but if Bitcoin will be added for the benefit of others then it is okay with me.
@tech40 (9775)
• Philippines
25 Jun 16
Hehe but bitcoin doesn't have fix amount
1 person likes this
@salonga (27955)
• Philippines
26 Jun 16
@tech40 Ah! I am not familiar with Bitcoin.
@tech40 (9775)
• Philippines
26 Jun 16
@salonga Hehe it's ok, and its nice that you meet bitcoin hehe
1 person likes this
@Macarrosel (7540)
• Philippines
25 Jun 16
I don't think is a good option here for the value of a Bitcoin is not stable.
@tech40 (9775)
• Philippines
25 Jun 16
Yeah you're correct, yew months ago the value of bitcoin was totally down.. and today it raised up, and after the raise there will be another down.
1 person likes this
@acelawrites (12327)
• Philippines
24 Jun 16
I don't know, but I am using Paypal for so long.
@tech40 (9775)
• Philippines
24 Jun 16
Yah most of us trusted Paypal.. even me
@tzwrites (4954)
• Romania
23 Jun 16
It would be a cool idea although I'm unfamiliar with how Bitcoin works.
@tech40 (9775)
• Philippines
24 Jun 16
Yeah but it isn't a good idea since the bitcoin conversion keeps on changing
@DianneN (85485)
• United States
25 Jun 16
I'm not into Bitcoin, so prefer to stay with PayPal.
@jstory07 (70104)
• Roseburg, Oregon
24 Jun 16
I will stick to pay pal for my payments.
@akalinus (21396)
• United States
23 Jun 16
I remember reading that millions of dollars worth of bitcoin was stolen a while back. From what I understand, they are not traceable. Besides that, they go up and down in value. I do not trust them. How do you spend a virtual coin? I use pay pal. They say you can use Paypal anywhere which is not true. We tried using it in a fast food place once. The manager came out and said pay cash or leave even though the sign said they take it. So much for the lies about where you can spend it. It is probably the same with Bitcoin.