Anyone have experience in this? IPO? Interested in sharing positive/negatives?
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With great power, comes great responsibility. -
Pros
- Can't be chargedback
- Buy cheap and sell when price goes high
- Faster and easier than PayPal.
- $100 Worth of Bitcoins equal to roughly $125 PayPal or in hand cash.
- Pretty easy to implement
- Many web hosting companies and domain providers no accept Bitcoins so you can remain 100% anonymous when making a purchase.
Cons
- Prices can fall down
- You do not know who made a transaction on the site unless you use something like Bitpay
- If you lose access to your computer wallet then Bitcoins can never be recovered
- If you are using an online wallet then you still have ways to get the account back however if the company/website gets shut down then you lose your Bitcoins.
- PayPal does not offer protection on Bitcoins
- Bitcoins are disallowed in very few countries (Columbia, and India).
- Not many porn addicts use Bitcoins even though they know what it is. Reason being is that most porn addicts aren't people who invest in currencies, etc.
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