Question to those who receive crypto as payment

[Shortie]

I have been curious about receiving payments in crypto or even payments I receive investing them in crypto and leaving the funds there. Still, I always worry about losing my money and have never done it yet.

For those of you who accept crypto as payment, do you keep your money in your account? How often do you lose anything? What crypto currency do you accept?

 

[joelr]

There is significant volatility in most crypto, and you can gain or lose day to day.

You can Google for things like BTC chart or LTC chart to see the day to day fluctuation for those two coins.

There are some crypto choices that are considered "stable coins" that are stable and mapped to the US dollar, however, I haven't seen anyone use these choices.

I would personally view receiving and saving crypto only as last resort, when you can't send it receive normal fiat currency. The only reason why you would want to keep in crypto is entirely because it's fun money.

 

[Henrywrites]

I do keep my payment in cryptocurrency, but I only use stable coins. Those ones are very important to me as they don't have the high fluctuations that you experience with the rest of the other coins. Keeping in USDT, for example, will save more money for you.

 

[Kennysplash]

When I receive my money in cryptocurrency, I either swap it to stable coins or sell for Fiat immediately. Stablecoin is not affected by the market volatility, so I can also use it to make long term investments later.

 

[Spartan]

I try to leave as much crypto untouched as I can, rather it’s left over cot something that I need to purchase via crypto or payment from crypto.

 

[Ravenfreak]

I'm slowly accumulating crypto, I'm just keeping what I have in my wallet for now. I want to invest in more coins though, I currently only have a little bit of Etherium.