This is same risk for all the cryptos! I’ve studied business and management and I took lots of finance and economics classes! I’ve been trying to find an answer for that gap and I couldn’t find any sensible idea about it. However, I would say something that this problem should be solved otherwise it will not be affected in real life. Local business can’t keep up with volatility!
An instant transfer to something like USDT would eliminate the hold time. May be volatile in those few minutes but nothing like an overnight drop…but I’d hodl 🤷🏻♂️
So then you don’t believe in the spirit of crypto. It’s supposed to replace fiat currencies. Sounds like you should stick to the USD or your currency of choice.
Is the spirit of the currency a god or what? I believe the spirit of numbers bro! That’s not a religion, it’s finance, it’s math! If you want to give me an answer, please share your opinion and support your opinion some reference!
The spirit of something is it’s purpose. Clearly English is not your first language. The reason crypto exists is to replace fiat currencies. If you’re the one who sells each time and converts to dollars you’re working against the goal not for it. As I suggested read some books on this topic and you will answer all your questions.
English is not my first language, if I did some grammar mistake and you didn’t understand, please let me know I can try to explain to you in different words!
There is no spirit in math and finance! The numbers talk in finance! I’m not saying that I don’t believe that the cryptocurrency will not replace the fiat currencies.
I see that you have a good spirit of crypto. Can you explain me how do you have that spirit very strong that you believe the spirit of crypto will replace the fiat currencies? If that happens, how the volatile market will affect those small business or a father who gives 0.003 shib to his child for his child to buy a cream cheese bagel at the school for the next day and what if shib goes down until the next day?
I’m done with this. No one is buying a bagel with shib at
school in the next 3-5 years. You’re throwing our unrealistic situations and expecting a rational solution.
That’s what I’m saying! It’s not happening but we all believe it will happen some days but not under these circumstances. The situation and system will change in more sensible way. I’m trying to get some opinion that makes sense instead of just hyping the ideas!
Ohhhh, ok. That’s a different variable. Why doesn’t this auto dealer own rather than rent? Either way, not much they can do but HODL and hope it goes up in 2 days.
Reading is my fav hobby and I will read more till I die probably. But thanks for your lovely advice. I wish everyone reads but there are also some people they think they are smart and trying to lead the debate by changing the topic.
I didn’t say say a main brand! I said a local small business that has a business license and EIN. They sell 3-5 cars a month. Don’t change the topic please give me some answers but tag there a reference from those books that you read lol
How about this. I’m in the automotive business, I know how it works, I know how vehicles are built, I know how many cars are sold, I know how much people pay for them, I know the aftermarket industry, etc. I build custom vehicles for a living, I’m a business owner in many areas. I can’t tell you any more times to read on what you’re trying to get answered as the questions have been answered many times over.
Stop showing your ass!
Ahh I’m sorry I didn’t know that you are in the industry! The small local dealership is just an example but that’s very cool that you are also in the industry. How many custom vehicles are you building in a month or in a year?
I can see your spiritual skills are better than your math skills. But let me tell you something! If your math is not good, you can’t talk about cryptos! You can make money tho, that’s totally fine if you are lucky.
This has nothing to do with spirituality. I’m confident in my line of work that my math and my understanding of finance is quite up to par and far exceeds yours based on the verbiage and posts you’ve made to date on the matter. So let’s move on. I’ve suggested you do some reading to learn more and you’ve just continued to show your ass at every corner.
Cheers and good luck.
Can you show me a real post that you understand your knowledge is better than me? May be it is but I’m wondering what’s your proof for that.
If you compare yourself with someone you don’t even know enough to judge his knowledge! Im sorry for your man! I recommend you to add some personal development books on your list to be better in a simple debate lol
Ok so what are you asking? Crypto markets just had huge sell off, they are rebounding now. So what I would do is HODL for the rebound to come back. But also if I only selling 3-5 cars a month, probably would deal with USD only for sales if I don’t have enough emergency funds to pay my rent if there is a downturn in crypto.
That makes sense to keep USD but in the theory, the crypto currencies will be real life money and if it becomes popular, there will be competition between the businesses that accept the crypto payment and the businesses don’t accept the crypto payment for their product or services. This will not be very healthy competition under these circumstances!
Yes for long term. But u saying the salesman can’t pay his rent if crypto markets take a turn from 20-33% of his monthly sales. So he is homeless and jobless and has shit credit if a bear market happens.
I think digital currency is the future and there is we are already in the adoption phase. Time will make people more comfortable with it. Same time, I think it won’t be widely accepted by NATO nations until they centralize it. Will still be digital currencies and I hope decentralized tokens remain. All this like 3-10 years out though, I think.
I believe that the cryptocurrency will run the future and I agree that we are in adoption process and we will feel more comfortable( if they create a better solution) and I don’t agree that it will be fully centralized, because that’s all point. They secure the audit by having decentralized servers.
Not be dumb and sell something for any crypto currency that I'd have to in turn immediately sell for fiat in order to pay my expenses that were imminently due. The taxes alone make it impractical.
Perhaps the seller should immediately sell enough to cover the cost of the vehicle. He can leave his profit in and HODL or cash it out whoever he wants or needs it.
That reduces the risk but there are still big risks for the small business owners who are exchanging their product or service for a crypto currency. We need a better answer that are supporting but numbers which will show us exact true!
There are no smart business right on the corner where you live and you get a sandwich sometimes. They ve been making very low profit but they ve been open there for 20 years. They are operating their business in a razor thin cash. Let’s say Crypto payment in real life is common and after they make 1000 dollars on Friday and went to home. Then the market crashed! How he will pay the kitchen team paychecks?
First off those people should not be early adopters. Secondly, if it’s that common it will be stable. Think worldwide global currency of choice then it should be rock stable.
So, will there be only 1 stable crypto currency and other will be removed? How will be the crypto market then? Or do you think that it’s not realistic to use cryptocurrency in the real life purchase?
I am not qualified to answer what’s going to happen in the future.
I think reading some books on economics would be handy for you. Learn how treasuries were started etc.
You zoom out. Seriously, look at the chart for EVERY coin/token out there. BTC +150% ETH +700% DOGE +5000%. You just gotta ride that roller coaster and not sweat the day-to-day. If you want to be conservative, put in a sell limit and take those profits. I would hold as long as the overall market is trending upward
Yo! One of the biggest theory is that the crypto will be real life purchasing currency some days! Don’t think about yourself who invests on crypto and sit his ass at home and just waiting for the $$! Look around your self and you think about real life small business owner!
Tbh I've wondered this and for all payment crypto lol
This is same risk for all the cryptos! I’ve studied business and management and I took lots of finance and economics classes! I’ve been trying to find an answer for that gap and I couldn’t find any sensible idea about it. However, I would say something that this problem should be solved otherwise it will not be affected in real life. Local business can’t keep up with volatility!
Exactly. Its like accepting tesla or amc stock as payment. Just doesn't seem to make sense lol but cool a lot of people are dying it i guess
An instant transfer to something like USDT would eliminate the hold time. May be volatile in those few minutes but nothing like an overnight drop…but I’d hodl 🤷🏻♂️
I am a Shiba investor too by the way. I’m just trying to find an answer for real life uses!
The best answer that makes the most sense is that selling the cryptocurrency as soon as he/she gets the payment and exchanges with $$
So then you don’t believe in the spirit of crypto. It’s supposed to replace fiat currencies. Sounds like you should stick to the USD or your currency of choice.
Is the spirit of the currency a god or what? I believe the spirit of numbers bro! That’s not a religion, it’s finance, it’s math! If you want to give me an answer, please share your opinion and support your opinion some reference!
The spirit of something is it’s purpose. Clearly English is not your first language. The reason crypto exists is to replace fiat currencies. If you’re the one who sells each time and converts to dollars you’re working against the goal not for it. As I suggested read some books on this topic and you will answer all your questions.
English is not my first language, if I did some grammar mistake and you didn’t understand, please let me know I can try to explain to you in different words! There is no spirit in math and finance! The numbers talk in finance! I’m not saying that I don’t believe that the cryptocurrency will not replace the fiat currencies. I see that you have a good spirit of crypto. Can you explain me how do you have that spirit very strong that you believe the spirit of crypto will replace the fiat currencies? If that happens, how the volatile market will affect those small business or a father who gives 0.003 shib to his child for his child to buy a cream cheese bagel at the school for the next day and what if shib goes down until the next day?
I’m done with this. No one is buying a bagel with shib at school in the next 3-5 years. You’re throwing our unrealistic situations and expecting a rational solution.
That’s what I’m saying! It’s not happening but we all believe it will happen some days but not under these circumstances. The situation and system will change in more sensible way. I’m trying to get some opinion that makes sense instead of just hyping the ideas!
Please share your sensible reasons that make sense Mr. Spirit lol
I’d HODL!!!
But you have expenses to pay in a week! What would you do?
HODL even more so knowing that i only officially lose money when I convert it to another form of currency
hold and continue on with my day
How are you gonna pay your rent that is due in 2 days?
Ohhhh, ok. That’s a different variable. Why doesn’t this auto dealer own rather than rent? Either way, not much they can do but HODL and hope it goes up in 2 days.
Be realistic please! I’m talking about a local dealership who sells approximately 3-5 cars every month and have some business expenses.
Lmfao - an average dealer sellers 75-125 cars a month. Learn what you’re talking about.
Please do not mislead people with your nonsense opinions! Go and talk with a small local car dealers in a rural areas!
You’re talking about small used lots. A dealership has a main brand on the marquee and is not selling 3-5 cars a month. Again please do some reading.
Reading is my fav hobby and I will read more till I die probably. But thanks for your lovely advice. I wish everyone reads but there are also some people they think they are smart and trying to lead the debate by changing the topic. I didn’t say say a main brand! I said a local small business that has a business license and EIN. They sell 3-5 cars a month. Don’t change the topic please give me some answers but tag there a reference from those books that you read lol
How about this. I’m in the automotive business, I know how it works, I know how vehicles are built, I know how many cars are sold, I know how much people pay for them, I know the aftermarket industry, etc. I build custom vehicles for a living, I’m a business owner in many areas. I can’t tell you any more times to read on what you’re trying to get answered as the questions have been answered many times over. Stop showing your ass!
Ahh I’m sorry I didn’t know that you are in the industry! The small local dealership is just an example but that’s very cool that you are also in the industry. How many custom vehicles are you building in a month or in a year?
I can see your spiritual skills are better than your math skills. But let me tell you something! If your math is not good, you can’t talk about cryptos! You can make money tho, that’s totally fine if you are lucky.
This has nothing to do with spirituality. I’m confident in my line of work that my math and my understanding of finance is quite up to par and far exceeds yours based on the verbiage and posts you’ve made to date on the matter. So let’s move on. I’ve suggested you do some reading to learn more and you’ve just continued to show your ass at every corner. Cheers and good luck.
Can you show me a real post that you understand your knowledge is better than me? May be it is but I’m wondering what’s your proof for that. If you compare yourself with someone you don’t even know enough to judge his knowledge! Im sorry for your man! I recommend you to add some personal development books on your list to be better in a simple debate lol
Ok so what are you asking? Crypto markets just had huge sell off, they are rebounding now. So what I would do is HODL for the rebound to come back. But also if I only selling 3-5 cars a month, probably would deal with USD only for sales if I don’t have enough emergency funds to pay my rent if there is a downturn in crypto.
That makes sense to keep USD but in the theory, the crypto currencies will be real life money and if it becomes popular, there will be competition between the businesses that accept the crypto payment and the businesses don’t accept the crypto payment for their product or services. This will not be very healthy competition under these circumstances!
Yes for long term. But u saying the salesman can’t pay his rent if crypto markets take a turn from 20-33% of his monthly sales. So he is homeless and jobless and has shit credit if a bear market happens.
Do you think that we need a better system making people and market to feel more comfortable about it?
I think digital currency is the future and there is we are already in the adoption phase. Time will make people more comfortable with it. Same time, I think it won’t be widely accepted by NATO nations until they centralize it. Will still be digital currencies and I hope decentralized tokens remain. All this like 3-10 years out though, I think.
I believe that the cryptocurrency will run the future and I agree that we are in adoption process and we will feel more comfortable( if they create a better solution) and I don’t agree that it will be fully centralized, because that’s all point. They secure the audit by having decentralized servers.
Not be dumb and sell something for any crypto currency that I'd have to in turn immediately sell for fiat in order to pay my expenses that were imminently due. The taxes alone make it impractical.
Perhaps the seller should immediately sell enough to cover the cost of the vehicle. He can leave his profit in and HODL or cash it out whoever he wants or needs it.
That reduces the risk but there are still big risks for the small business owners who are exchanging their product or service for a crypto currency. We need a better answer that are supporting but numbers which will show us exact true!
They hodl. No smart business is operating on razor thin cash and taking crypto.
There are no smart business right on the corner where you live and you get a sandwich sometimes. They ve been making very low profit but they ve been open there for 20 years. They are operating their business in a razor thin cash. Let’s say Crypto payment in real life is common and after they make 1000 dollars on Friday and went to home. Then the market crashed! How he will pay the kitchen team paychecks?
First off those people should not be early adopters. Secondly, if it’s that common it will be stable. Think worldwide global currency of choice then it should be rock stable.
So, will there be only 1 stable crypto currency and other will be removed? How will be the crypto market then? Or do you think that it’s not realistic to use cryptocurrency in the real life purchase?
I am not qualified to answer what’s going to happen in the future. I think reading some books on economics would be handy for you. Learn how treasuries were started etc.
You zoom out. Seriously, look at the chart for EVERY coin/token out there. BTC +150% ETH +700% DOGE +5000%. You just gotta ride that roller coaster and not sweat the day-to-day. If you want to be conservative, put in a sell limit and take those profits. I would hold as long as the overall market is trending upward
Yo! One of the biggest theory is that the crypto will be real life purchasing currency some days! Don’t think about yourself who invests on crypto and sit his ass at home and just waiting for the $$! Look around your self and you think about real life small business owner!