This topic explores the feasibility and experiences of webcam models accepting Bitcoin and other cryptocurrencies as payment. Members share a range of opinions and experiences, highlighting both the potential benefits and downsides of incorporating digital currencies into their payment options.
- Some members have started accepting cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), with a strategy of saving a portion as an investment while converting the rest to fiat currency.
- There's a discussion about the future of cryptocurrency in the industry, with some seeing it as inevitable and others expressing concerns over its volatility and current lack of widespread customer adoption.
- Concerns are raised about the speculative nature of cryptocurrencies and the potential impact on earnings due to market fluctuations. One member cited a significant loss in value of Bitcoin received as payment over a few months.
- Despite offering discounts for payments made in cryptocurrency, one member notes that most customers prefer not to use it, viewing their crypto holdings more as investments than currencies for transactions.
- The discussion also touches on the challenges of relying on digital currencies for income, especially considering the unstable nature of the crypto market and potential difficulties in converting crypto to fiat currency in a timely manner for expenses.
- Stablecoins like USDT are mentioned as a potentially safer option due to their price stability compared to more volatile cryptocurrencies like Bitcoin.
Overall, the thread presents a mixed view on accepting Bitcoin as payment, with considerations for its investment potential against its volatility and current customer reluctance to use crypto for transactions.