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

@tech40 (23121)

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

16 responses

myLot Prince (LOL)

@trivia79 (7828)

• El Segundo, California

23 Jun 16

it's not stable. that would be so risky for mylot.

1 person likes this

@tech40 (23121)

• Philippines

24 Jun 16

Yeah I should agree with that, specially bitcoin currency changed every second

2 people like this

@tech40 (23121)

• Philippines

25 Jun 16

@trivia79 Yep I think it's over $600 now

1 person likes this

myLot Prince (LOL)

@trivia79 (7828)

• El Segundo, California

24 Jun 16

@tech40 yep! one thing is for sure, it is more than $200

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@Antonius25 (40)

•

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 (23121)

• Philippines

24 Jun 16

I see and to make this short you're not favor for bitcoin right?

1 person likes this

@tech40 (23121)

• 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

@Antonius25 (40)

•

24 Jun 16

1 person likes this

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@shaggin (72021)

• 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

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@shaggin (72021)

• United States

28 Jun 16

@tech40 Like paypal and alertpay?

@tech40 (23121)

• Philippines

29 Jun 16

@shaggin No it's different, Bitcoin is a internet currency

@tech40 (23121)

• Philippines

24 Jun 16

Bitcoin is a internet currency

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@jaboUK (64354)

• United Kingdom

23 Jun 16

I'm perfectly happy with Paypal.

1 person likes this

@tech40 (23121)

• Philippines

24 Jun 16

Yep paypal is more safer than other payment method

2 people like this

@tech40 (23121)

• Philippines

24 Jun 16

@jstory07 Yeah I'm happy with paypal too. :)

@jstory07 (139336)

• Roseburg, Oregon

24 Jun 16

I am happy with pay pal.

1 person likes this

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@Mike197602 (15505)

• 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.

1 person likes this

@tech40 (23121)

• Philippines

24 Jun 16

I agree.. Paypal is more secured unlike other

2 people like this

@jstory07 (139336)

• Roseburg, Oregon

24 Jun 16

I agree with you if it is not broke do not change it. @Mike197602.

1 person likes this

@ilocosboy (45156)

• 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

@ilocosboy (45156)

• Philippines

23 Jun 16

@JolietJake the reason why I wanted to know more about bitcoin... including the disadvantage.l

@tech40 (23121)

• Philippines

24 Jun 16

@JolietJake I see, you have a great point there..

1 person likes this

@salonga (27775)

• 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.

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@salonga (27775)

• Philippines

26 Jun 16

@tech40 Ah! I am not familiar with Bitcoin.

@tech40 (23121)

• Philippines

26 Jun 16

@salonga Hehe it's ok, and its nice that you meet bitcoin hehe

1 person likes this

@tech40 (23121)

• Philippines

25 Jun 16

Hehe but bitcoin doesn't have fix amount

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@skysnap (20153)

•

24 Jun 16

Bitcoin can be troublesome with fluctuating rates. so i think paypal and payoneer good enough.

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@tech40 (23121)

• Philippines

24 Jun 16

@skysnap Agree payoneer offers card right?

@tech40 (23121)

• Philippines

24 Jun 16

Yep with paypal it's a fixed amount unlike bitcoin

@skysnap (20153)

•

24 Jun 16

@tech40 i would love to have payoneer though.

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@DianneN (247186)

• United States

25 Jun 16

I'm not into Bitcoin, so prefer to stay with PayPal.

@Macarrosel (7498)

• Philippines

25 Jun 16

I don't think is a good option here for the value of a Bitcoin is not stable.

@tech40 (23121)

• 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

Valerie J. Routhieaux

@just4him (317004)

• 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 (23121)

• 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

@ridingbet (66854)

• Philippines

24 Jun 16

my son was given one bitcoin. i don't know the value of one bitcoin./

@tech40 (23121)

• Philippines

24 Jun 16

This moment 1 bitcoin = 683.51 USD

@tech40 (23121)

• 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

@ridingbet (66854)

• Philippines

24 Jun 16

@tech40 so, a bitcoin makes one richer in dollars

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@acelawrites (19272)

• Philippines

24 Jun 16

I don't know, but I am using Paypal for so long.

@tech40 (23121)

• Philippines

24 Jun 16

Yah most of us trusted Paypal.. even me

@tzwrites (4835)

• Romania

23 Jun 16

It would be a cool idea although I'm unfamiliar with how Bitcoin works.

@tech40 (23121)

• Philippines

24 Jun 16

Yeah but it isn't a good idea since the bitcoin conversion keeps on changing

@jstory07 (139336)

• Roseburg, Oregon

24 Jun 16

I will stick to pay pal for my payments.

@akalinus (43142)

• 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.