Do you accept crypto as a payment method, as a freelancer? Accepting crypto can be a good way to get paid but a lot of buyers may be reluctant to send the money before hand, due to the lack of buyer protection.

I'm very open to crypto payments, but I understand that some buyers are concerned about the security of crypto transactions. To mitigate risk, I introduced escrow services to my client. At least, it will ensure transparency and trust.

Nowadays every forums and sites are accepting crypto currency as a payment option. Are you using crypto for receiving and sending payments?

You answered your own question. ;)

 

But I don't and doubt I will in the future.

I’d rather accept Monopoly money sent to me in the mail ahead of any crypto currency.

No, I’m not accepting crypto currency as a payment option on my forum.

 

 

What forums and sites do you see offering this option?

No.

 

Short and sweet answer.

Lot of yall missed the boat.

 

Had I not invested in shitcoins or followed John McAfee (of the anti-virus variety) into what I knew were pump and dumps — thinking I could dump — I'd have well over a million dollars, maybe 2, in monopoly money all from $0 cause I got free coin airdrops using my spam bot email list.

 

I've been able to spend thousands per year and still have quite a bit of fake money left over.

 

Last spike (to 70kish, the first time), I converted a lot of it to gold and silver, so it's not so much monopoly money anymore. Unsure if I'll get another 100oz silver bar and some 1 oz rounds from the sale of an NFT (of which I own a few) that I bought for 0.08 ETH or like $200-300 at the time, and is now 1.2 ETH, or wait for a better opportunity.

 

I'll take crypto all day cause I'm excited to see what highs we hit if the 1,000,000 BTC US reserve goes through.

Lot of yall missed the boat.

 

Had I not invested in shitcoins or followed John McAfee (of the anti-virus variety) into what I knew were pump and dumps — thinking I could dump — I'd have well over a million dollars, maybe 2, in monopoly money all from $0 cause I got free coin airdrops using my spam bot email list.

 

I've been able to spend thousands per year and still have quite a bit of fake money left over.

 

Last spike (to 70kish, the first time), I converted a lot of it to gold and silver, so it's not so much monopoly money anymore. Unsure if I'll get another 100oz silver bar and some 1 oz rounds from the sale of an NFT (of which I own a few) that I bought for 0.08 ETH or like $200-300 at the time, and is now 1.2 ETH, or wait for a better opportunity.

 

I'll take crypto all day cause I'm excited to see what highs we hit if the 1,000,000 BTC US reserve goes through.

Maybe if you’d send me one of your BTCs I’d change my mind.

[mention=39]frm[/mention]

 

I think the OP was asking in reference to using crypto on your website.

 

Not in how much you made in crypto. Everyone and their brother knows of and/or invests in crypto.

Lot of yall missed the boat.

I didn't. I made a conscious choice not to get in on this in 2009 when I absolutely could have.

 

The only mistake I made is assuming the bubble would get this big before the inevitable happens. This is why I don't use it for anything.

I didn't. I made a conscious choice not to get in on this in 2009 when I absolutely could have.

Riskier it is the more reward to have. Even $10 could've been 6 figures or more by now.

 

I have $30,000 still in AMC and GME, with a high that I could've sold at nearly $200,000, but I chose to stay in because I'm of the opinion it's not done yet. All technical analysis points up, and with them both doing financially better off than during the pandemic, it's a powder keg. NFA.

 

The only mistake I made is assuming the bubble would get this big before the inevitable happens. This is why I don't use it for anything.

As you would with even any index fund, dollar cost averaging in, just dollar cost average out on the way down to get something as the inevitable will come (I think it's going to be the US doing the biggest rug pull ever after they obtain the 1,000,000 BTC to pay off debt, call me coo-coo there), but there is still more on the table to be had. I've exited at great opportunities, converting it from 1s and 0s on a computer screen to gold and silver safely tucked away.

 

Just my opinion.

It’s not about the risk/reward for me. It’s about the ethics and sustainability of the thing.

 

See also how many crypto currencies are, and continue to be, active scam projects.

Crypto coins are like Vegas casino chips,...

 

They're only good at the casino, and you can lose em all in an instant.

It’s not about the risk/reward for me. It’s about the ethics and sustainability of the thing.

Then just invest in reputable ones like Bitcoin, ETH, and even Ripple (as they've been actively fighting in court). You can ignore the rest.

 

The statement you made about ethics and sustainability could apply to practically any market, including the stock market, as there are OTC, and hedge funds manipulating every ticker to make it do what they want to make a quick rack while you make or lose a penny.

 

This only leaves you left with T-bills as an investment vehicle. But, do you trust the government to not collapse under trillions of debt? The ethics of T-bills are that you're also funding bombs being dropped all over the world.

 

Making money is never ethical. There is always a link in the chain where ethics are blurred. But, I guess that's okay if you don't think about it too hard.

 

Heck, even my investment in gold and silver can be unethical. I don't know where the raw materials were sourced. If I thought about that, I'd be a poor man sitting on cash that's losing value as each passing day goes by.

And now you just summed up why I have no investment vehicles.

And now you just summed up why I have no investment vehicles.

That's on you then. If you think a cost of living adjustment or raising your prices each year will allow for a better retirement along with cash only, unless you are already a millionaire (as I dont think 6 figures will cut it) you're going to be sadly mistaken while eating Top Ramen into retirement till the day you die.

 

Just saying... to each their own.

That's on you then. If you think a cost of living adjustment or raising your prices each year will allow for a better retirement along with cash only, unless you are already a millionaire (as I dont think 6 figures will cut it) you're going to be sadly mistaken while eating Top Ramen into retirement till the day you die.

 

Just saying... to each their own.

The actual current numbers are that less than 4% of the population has a million or more in a retirement account. The vast majority retire with a lot less than a million. And 40% of current retirees have nothing but SS or less, probably still working.

If your in your 20's and 30's and not saving your guts out for the future by maximizing a 401k, IRA , and Roth, then don't expect much of a future.

 

Play crypto only with 'spare' money.

If your in your 20's and 30's and not saving your guts out for the future by maximizing a 401k, IRA , and Roth, then don't expect much of a future.

 

Play crypto only with 'spare' money.

All good advice. But, I'd be concerned with someone who has "no investment vehicles" (as that means they have only cash), because the age to collect SS might rise between now and then, along with the amount you receive reduced, as we are in a debt crisis and need to pay it somehow, so some people are going to take cuts.

 

All my spare money goes into investing. I can heavily invest my income because I learned to, and still do, live well below my means, with 30% of it going into riskier assets like LEAPs (options contracts), because the projection is still a $2.5m retirement account by 65, so I won't have to rely on SS if it's not there for me by then (I think it's 67 1/2 now).

 

As far as my crypto goes, it's in cold wallets (I have $10k of SYSCOIN locked up because I lost the key, but that's another matter that I'll address if it grows more than that). My hot wallets aren't linked to anything, and I make decentralized swaps here and there between cryptos to gain more, or, make trades with a bullion dealer for gold/silver. I got what I have from exactly $0, but I did invest time in a grey hat effort to collect (as a group) millions of Stellar (now Lumens) from their 1000 STR (XLM) airdrop per email address, and having done blackhat SEO before, I had access to plenty of email accounts. So, I took that and put it into BTC, etc., and the rest is history. I didn't know at the time a couple of hours of organization/work would have led to such a great amount... but here I am. Had I known how to purchase Bitcoin at the time, I would've at least bought $10 worth and just forgotten about it. Somehow, it slipped under my radar until it was too expensive (but in retrospect, not) to take the risk.

 

But, if they aren't concerned with keeping cash only, then I shouldn't either. I'm not a certified CPA/CFP (though I could be if I wanted to take the time for that, with really no upside except an extra suffix to add to my name), nor their accountant, just looking out for their wellbeing... but if they don't seem to have a care for it, then neither should I.

Edited December 21, 2024Dec 21 by frm

That's on you then. If you think a cost of living adjustment or raising your prices each year will allow for a better retirement along with cash only, unless you are already a millionaire (as I dont think 6 figures will cut it) you're going to be sadly mistaken while eating Top Ramen into retirement till the day you die.

 

Just saying... to each their own.

I’m an Elder Millennial, any belief that I would ever be able to afford to retire disappeared around the same time I got ousted from my former workplace at Lehman Brothers.

Yup I accept crypto on my website for all kinds of purchases. I think it's the way of the future, especially with the new Trump administration being pro crypto.

This thread just feels like a Trump crypto pump.

Well what do you expect when the Biden administration turned it's back on the cryto industry. Trump is going to regulate the Crypto industry which can only be a good thing. The industry has been crying out for some regulation for years, and now we have pro Crypto President that will do all the right things.

The whole point of crypto was to avoid regulation in the first place. Even if you go back to Nakamoto’s white paper, the key point of avoiding a central trust authority is embedded at the core - if you have no central point of trust, you cannot regulate it centrally. That’s by design, not by accident.

I dropped 1 of my NFTs today... from my last post about it, it went from 0.8 to 1.4 ETH, so I decided to take some off the table. An annualized return of 100% and overall 800% ROI.

 

[ATTACH type=full" alt="1734937744507.webp]1018[/ATTACH]

 

Annualized return of 100%, total 800% ROI.

 

the key point of avoiding a central trust authority is embedded at the core

And that's a good thing.

 

I don't trust the dollar unless it's on a blockchain. The Pentagon can fail 7 audits in a row. That's my money that they can't seem to tell me what they did with it. If I failed 7 audits in a row? Probably would be in prison for tax evasion.

 

It's going to make them rethink CBDCs, except hopefully with pushback to not be centralized with the Federal Reserve (which I also have a problem with), and to be transparent.

 

I'd much rather be back on the gold reserve, where you could take any bank note to a bank and exchange it for gold/vice-versa if you wanted to, than CBDCs, but that's not going to happen.