Why can't mylot switch over to bitcoins for payment?
By Abishek S K
@Lignitecityabishek96 (7110)
Cuddalore, India
January 21, 2018 10:18am CST
As I have heard most of the sites were paying payment through Bitcoins instead of money.I think this would be a nice idea because Bitcoins have no restrictions like PayPal. Eventhough many countries haven't assigned it as a legal one there was no restrictions like PayPal .
I need to discuss this with admin .
Admin can you please answer this question ???
@GoAskalice
4 people like this
5 responses
@sjvg1976 (41131)
• Delhi, India
21 Jan 18
Bitcoin is not legal in many of the countries that may be one of the reason why they don't pay in cryptocurrency. Admin may give better answer for this. @goaskalice
3 people like this
@Lignitecityabishek96 (7110)
• Cuddalore, India
21 Jan 18
Whether I tagged properly in that post ?
1 person likes this
@Lignitecityabishek96 (7110)
• Cuddalore, India
21 Jan 18
@Danielclark691 What's your personal opinion on this ?
Can you please share?
1 person likes this
@Danielclark691 (1068)
•
21 Jan 18
Not a good idea. It is such a volatile stock that people should have the option not to take this risk. Cold, hard cash is unbeatable
2 people like this
@Lignitecityabishek96 (7110)
• Cuddalore, India
21 Jan 18
Yes I agree your opinion .Let's wait and see what admin says.
1 person likes this
@Lignitecityabishek96 (7110)
• Cuddalore, India
21 Jan 18
@Danielclark691 I can't understand .
Can you please elaborate
@Danielclark691 (1068)
•
21 Jan 18
@Lignitecityabishek96 I think the only possibility would be to allow Bitcoin payments only if you have received a PayPal payment, that way myLot know you are genuine user.
1 person likes this
@scarlet_woman (23465)
• United States
22 Jan 18
an option,maybe.but i don't want to be paid in bitcoin.
1 person likes this
@Lignitecityabishek96 (7110)
• Cuddalore, India
22 Jan 18
Many are against this.
But an option should be there
@louievill (28851)
• Philippines
21 Jan 18
It's very volatile and unstable. One way for us to get paid in bitcoins is if they make Alertpay a payment option. Actually in AP you would still be paid in dollars but you have an option to withdraw it as bitcoins to your wallet, it's what I did and what I still do with my Neobux payment after PayPal dropped them.
1 person likes this
@louievill (28851)
• Philippines
21 Jan 18
@JolietJake think it's got something to do with people who don't really need the dollars and prefer to hodl bitcoins hoping for another rise in price. It's very costly to use your dollars to buy bitcoins if you live in a country where they have no fiat to cryptocurrency exchange or where it's banned, the U.S. Is lucky they have Coinbase.
Yesterday's dip was nothing to hodlers, some got their stash when it was 1,000, 5000 dollars some got it much lower so they are still on the up side. Hodlers, including me lol! are unfazed by drops, we saw it so many times before and we see drops as an opportunity to buy more or to get more.
1 person likes this
