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42 sats \ 3 replies \ @eddie28 8 Oct \ on: Rick from CryptoCloaks - I don't what I'm doing but I print stuff AMA AMA

What is the hardest thing about accepting bitcoin payments as a business?

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307 sats \ 2 replies \ @CryptoCloaks OP 8 Oct

Honestly the hardest part is getting too many orders in Bitcoin and needing fiat to pay the bills. Every now and then you have to take out a fiat loan to cover.

I just hate selling bitcoin and having to deal with the taxes.

Using Strike for Lightning Orders and having it auto convert to fiat helps cover the gap a bit.

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21 sats \ 1 reply \ @eddie28 8 Oct

The taxes do sound unpleasant. Do you have any advice on the bitcoin loan front? I've always been a little nervous about the idea.

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123 sats \ 0 replies \ @CryptoCloaks OP 8 Oct

Yeah... I honestly stay away from Bitcoin Loans. Seen to many people lose their bitcoin to companies getting rekt.

I think as time goes along, there will be more reliable places, but I just can't shake losing the stack due to a market crash.

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