Calculating the amount of BTC

**MuscleMonkey** · 06-19-2022, 03:19 PM

Curious about how our sponsors like this done, since most accept BTC. The problem is with BTC being so volatile right now, I can purchase $100 in USD which is worth $50 USD by the time I can attempt a transfer.

**P_Labs** · 06-19-2022, 08:33 PM

(06-19-2022, 03:19 PM)MuscleMonkey Wrote: Curious about how our sponsors like this done, since most accept BTC. The problem is with BTC being so volatile right now, I can purchase $100 in USD which is worth $50 USD by the time I can attempt a transfer.

You can buy a little more than you need, or use a bitcoin atm.

It may cost a little more, however the security for both buyer/ seller is worth the extra.

Which btc service are you using to transfer?

**MuscleMonkey** · 06-19-2022, 09:30 PM

I'm fine with using BTC, but maybe not right now. It sounds like you would like the USD value at the time of xfer?

I've been using Coinbase, but like I say, with BTC doing nothing but headed down, down, down, I can't see it being a good value right now. For example, I originally purchased $300 USD, but while waiting for Coinbase to let me transfer, the value is now less than $200 USD.

No worries, it's gotta hit bottom sometime and hopefully head back up (says the optimist), so I'll continue to try and purchase on the dip.

**01dragonslayer** · 06-20-2022, 10:52 AM

(06-19-2022, 09:30 PM)MuscleMonkey Wrote: I'm fine with using BTC, but maybe not right now. It sounds like you would like the USD value at the time of xfer?

I've been using Coinbase, but like I say, with BTC doing nothing but headed down, down, down, I can't see it being a good value right now. For example, I originally purchased $300 USD, but while waiting for Coinbase to let me transfer, the value is now less than $200 USD.

No worries, it's gotta hit bottom sometime and hopefully head back up (says the optimist), so I'll continue to try and purchase on the dip.

I agree. I've been waiting along time to dump some money in my account but when is it gonna hit the bottom.....it keeps dopping.

**scoobs88** · 06-20-2022, 01:43 PM

This is a good question you bring up. It has to be based off the value it was worth at the time of transfer Id think cause like ya said, you send 100 and by the time it goes thru all its confirmations its now 70 or whatever. It works the other way tho as well. I could send 100 and by the time it goes thru all the confirmations its now 120 when it lands.

I realize BTC is King but there are better coins for transferring funds....LTC for example is less volatile and Ive always thought XLM would be real good for this type of stuff....cheap and faster transfer speed.

Far as BTC bottom these days, hard telling. Will it hit 10K or are we sitting right now close to bottom? Who knows. When I see whales start to jump in with 500M buys on BTC, Ill think we are close. The last time BTC went from 60K to 30K last year I saw a few of these buys and said we must be at bottom and guess what.....went back to 60K in 4 months or whatever it was. Just something to pay attention to. When whales start scooping shit up, we just may be there. Just my observations.

Stock market stinks right now as well tho. Crypto is the stock market on steroids. Time will tell on the bottom. You can always average down when these things tank.

**P_Labs** · 06-20-2022, 04:05 PM

(06-19-2022, 09:30 PM)MuscleMonkey Wrote: I'm fine with using BTC, but maybe not right now. It sounds like you would like the USD value at the time of xfer?

I've been using Coinbase, but like I say, with BTC doing nothing but headed down, down, down, I can't see it being a good value right now. For example, I originally purchased $300 USD, but while waiting for Coinbase to let me transfer, the value is now less than $200 USD.

No worries, it's gotta hit bottom sometime and hopefully head back up (says the optimist), so I'll continue to try and purchase on the dip.

Another option you can try is https://localbitcoins.com

You can buy btc direct from another person locally. This will minimize the time it takes to transfer to your account so you'll be able to use it right away.

Nobody knows what the value of btc will be at a certain time. It's all based on luck and speculation. While the btc trend throughout the years has always been going upwards; it's always best not to depend on luck.

**scoobs88** · 06-20-2022, 05:08 PM

@P_Labs or any other sponsor that wants to chime in.......

Seems all sponsors accept BTC. Is there a reason sponsors cant accept other forms such as an LTC, XLM, etc,? These coins have less expensive fees, less volatile, and faster transaction speeds. Just curious if there is a reason most only use Bitcoin.

**MuscleMonkey** · 06-20-2022, 07:45 PM

Bitcoin is losing favor on Darknet markets (click the link for the article).

**P_Labs** · (This post was last modified: 06-21-2022, 04:10 AM by P_Labs.)

(06-20-2022, 05:08 PM)scoobs88 Wrote: @P_Labs or any other sponsor that wants to chime in.......

Seems all sponsors accept BTC. Is there a reason sponsors cant accept other forms such as an LTC, XLM, etc,? These coins have less expensive fees, less volatile, and faster transaction speeds. Just curious if there is a reason most only use Bitcoin.

Because BTC is more popular, and can be used in various ways. The less popular coins would have to be converted to something more accepted like BTC.

Also technical integrations like payment processors. Not much availability for less popular coins.

**cereal** · 06-22-2022, 02:15 AM

This brings up a great sub form @scoobs88 suggested for investments/crypto. Might be some great conversation there.

On the question of BTC purchase for products, I personally just purchase as needed. Always 1:1 that way without loss. I have watched a lot of people get burned on crypto pump and dump so I am leery to “invest.”