Subliminal
Autocross Champion
- Location
- Vegas
- Car(s)
- Slow FWD VW Hatch
Besides the fees, it's an incentive he's offering because it will be less hassle all around (for what the seller wants to do w/ the money)Because OP believes that Bitcoin will continue to rise and rise. $37,999 in cash stays that if you stick it in a bank. You'll see modest increases if you have a high yield savings, and modestly more significant increases if you're investing in ETFs or stocks, but even then, it's slow goings.
Lets use BTC's performance last month. Totally ideal example, of course. If OP accepted $32,999 in Bitcoin one month ago, OP would have about 0.79BTC. That same amount of BTC would be worth ~$51,500 today. That's why OP would give a discount if a buyer pays in BTC, because OP expects this to happen.
If OP had gotten cash asking and stuck $5k in BTC last month, they'd only have ~$46,000 total between cash and BTC today.
Edit: Never mind, misunderstood your question.
I'll leave the math up, though. I guess OP wants to avoid exchange fees. But exchange fees wouldn't be more than $5k on a $38k BTC purchase.... so not really sure why OP is offering such a steep discount.
Option A: Get a check, deposit it, wait for it to clear, wire the money to the exchange, then finally be able to purchase the BTC on the exchange, just to turn around and transfer the BTC from the exchange to his digital wallet.
Option B: Send me BTC straight from your wallet to my wallet and call it a day.
Plus BTC is currently setting new all-time-highs so the sooner he can get the bitcoin the better, because it might be an extra $10k+ in a week or two.
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