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 be growing, just as the digital currency is rocketing in value. So what are the real pros and cons of dealing in this digital currency for those wholesaling houses? Is definitely it invaluable or must avoid? 

There are many benefits associated with incorporating bitcoins into business for those wholesaling properties.

This includes:

? Making it simpler for more individuals to buy from and invest with you

? Cashing in on the remarkable increase in bitcoin price

? Increased press, brand awareness and viral spread

? Interest from tech savvy shareholders and buyers

Of course many wholesaling CEOs are just discovering what bitcoin is focused on. Unfortunately, much of this with the form of negative media encircling the recent close of Silk Road, arrest of Charlie Shrem and mega-million dollar bitcoin seizure.

Upon the bright side, those which may have followed this reports will be aware that this all had little to do with using bitcoins, and everything to do with the against the law activities being bought and sold. In fact, the fact that the federal government is reportedly selling the digital coins it swiped makes bitcoin legitimate.

Is actually becoming very easy to simply accept bitcoin, and more and more businesses in various industries are adopting it. Right now there is an incredible window of opportunity for riding on the coattails of the forex and press through it. For many, it could be their finest marketing move of 12 months, and really help to launch their businesses to the next level. Of course this won’t be a door or opportunity open for long. We are speaking weeks and months before the novelty fades and everyone is doing it.

There are several critical considerations to keep 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 is the potential for big variances.

Over the last yr this has worked in the favor of bitcoin owners and miners. Money that were worth simply a few, or few hundred or so dollars a year in the past are currently trading for hundreds and tens of thousands of dollars. Credited to the limited quantity of folks holding them there is a lot of control in a few hands.

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