Is anyone Accepting Bitcoin for Cash Pay Pain Procedures?

[drusso]

---

Members don't see this ad.

 

[BobBarker]

I think it would be an accounting headache. I can think of ways to do it, but implementing it would be difficult.

 

[Baron Samedi]

No but I also don't accept Monopoly money or Beanie Babies.

 

[gdub25]

No but I also don't accept Monopoly money or Beanie Babies.

7th largest asset in the world, passed silver and Saudi Aramco in the last week, regulated by the SEC and has had the largest inflow of any ETF in history, was a policy topic for every major US presidential candidate and still saying it's Monopoly money huh? The adoption curve on Bitcoin is outpacing the internet and cell phones.

I will take the opposite side of the argument and say I'm all in on Bitcoin. Will be fun to see how it shakes out over the years. I don't accept it for procedures simply because it would be difficult to follow accounting but I really have invested heavily and think it will outperform all other assets.

 

[SSdoc33]

7th largest asset in the world, passed silver and Saudi Aramco in the last week, regulated by the SEC and has had the largest inflow of any ETF in history, was a policy topic for every major US presidential candidate and still saying it's Monopoly money huh? The adoption curve on Bitcoin is outpacing the internet and cell phones.

I will take the opposite side of the argument and say I'm all in on Bitcoin. Will be fun to see how it shakes out over the years. I don't accept it for procedures simply because it would be difficult to follow accounting but I really have invested heavily and think it will outperform all other assets.

maybe. but it is super-high right now. doesnt feel like the best time to buy into bitcoin

 

[MitchLevi]

7th largest asset in the world, passed silver and Saudi Aramco in the last week, regulated by the SEC and has had the largest inflow of any ETF in history, was a policy topic for every major US presidential candidate and still saying it's Monopoly money huh? The adoption curve on Bitcoin is outpacing the internet and cell phones.

I will take the opposite side of the argument and say I'm all in on Bitcoin. Will be fun to see how it shakes out over the years. I don't accept it for procedures simply because it would be difficult to follow accounting but I really have invested heavily and think it will outperform all other assets.

Agree

It would be foolish not to start buying BTC

 

[gdub25]

maybe. but it is super-high right now. doesnt feel like the best time to buy into bitcoin

There was a crypto thread a couple years ago here...that's when I was buying and continuing until about 6 months ago. If you don't have any then right now is a really tough spot to be in. It's up 100% on the year but could do another 200% from here or could crash 60% in a week.

 

[PinchandBurn]

Agree

It would be foolish not to start buying BTC

I hear the etf to buy is fbtc...thoughts?

 

[PinchandBurn]

There was a crypto thread a couple years ago here...that's when I was buying and continuing until about 6 months ago. If you don't have any then right now is a really tough spot to be in. It's up 100% on the year but could do another 200% from here or could crash 60% in a week.

Isn't musk and trump trying to push bitcoin to 100k? Possibly more. So dollar cost average it in maybe?

 

[pastafan]

Accept it with a 1 bitcoin minimum per procedure.

 

[gdub25]

I hear the etf to buy is fbtc...thoughts?

The ETF is just buying bitcoin through a traditional brokerage account, there are 7 or 8 of them, it doesn't matter which one you buy. IBIT is by far the largest.

Isn't musk and trump trying to push bitcoin to 100k? Possibly more. So dollar cost average it in maybe?

Not sure what you mean. They don't have any more control over what happens with Bitcoin than they do the stock market. If more people buy than sell the price will go up and vice versa. Trump has proposed no taxes on crypto and said he would be in favor of classifying Bitcoin as a currency rather than an asset. He also has said that the US will not sell any of the bitcoin seized from the Silk Road and will keep it as part of strategic reserve assets. Musk owns over 1 billion dollars in Bitcoin held on the balance sheet of Tesla, has had it for years now.

Earlier today the state of Pennsylvania introduced a bill that will allow the state to hold bitcoin on the balance sheet as well.

 

[kstarm]

I tried to invest at 13000 and I wasn't allowed due to being in a state that apparently doesn't allow it. Having some FOMO right now. I think one of the arguments against bitcoin has been how easy is it to get it out and turn it into dollars. I assume that is easier to convert it to real money right now?

 

[Ferrismonk]

I have never met anyone who has spent or collected bitcoin for payment of anything. There is no intrinsic value. It only goes up because of speculators. No way I'm ever using this stuff.

Also, many of my patients don't even have email addresses. I don't think it's the right population for bitcoin use.

 

[PinchandBurn]

TRuth be told. I have no idea about this stuff.

I just know musk likes this stuff.

Thus it may go up a lot.

Do you agree?

 

[Gauss]

Only an imbecile sells or uses their bitcoin for transactions at this time. It is not a currency, you only buy and hold it in this crony capitalist regime.

 

[Ducttape]

TRuth be told. I have no idea about this stuff.

I just know musk likes this stuff.

Thus it may go up a lot.

Do you agree?

yes.

but then again it may go down a lot. musk's record has some really big hits but also big losses.


Fidelity estimates that X value has dropped 80% since Musk bought it. Tesla value has fluctuated, went down a lot but is now almost to 2021 levels and may exceed. otoh, tesla's market share of the global market continues to drop. spacex has significantly increased in value.



my guess is that it will go up since he will be in government and will be able to favorably influence government policy to benefit his companies.

 

[cowboydoc]

I have never met anyone who has spent or collected bitcoin for payment of anything. There is no intrinsic value. It only goes up because of speculators. No way I'm ever using this stuff.

Only an imbecile sells or uses their bitcoin for transactions at this time. It is not a currency, you only buy and hold it in this crony capitalist regime.

Spoken like guys that never tried to buy anything on the Silk Road.

btw, thanks to whomever recommended "The American Kingpin." Enthralling read!

 

[Gauss]

Spoken like guys that never tried to buy anything on the Silk Road.

JFC - crypto is defined by IRS as a digital asset which is property, not currency, therefore selling trading or using it as payment results in a taxable event subject to capital gains. Anyone paying their office copay in crypto and incurring a taxable event is a fool. Again, it is an investment so buy and hold, it's delusional to not be long BTC now