ASIC SHARE COIN (High Risk Coin)

[rdyoung]

Will not look each day for exchange rate thats the reason I have put in 10$

The exchange rate should be updated by your payment provider. Something is very wrong here, hopefully you will get it sorted out soon.

[gotram]

Ok ok.. let's not turn this into a pissing match. Basically it doesn't matter if it's USD or BTC. You can set a products option for different values for different options. So if you have batch 1 and batch 2 set as options for the product you can set batch one, if chosen, to be priced at $5 and batch 2, if chosen, to be set at $5.50. Or whatever price your little heart desires

Yes, I know you can do different price but when shop is based in $ and exchange rate change then I will not receive 0.0195btc.
Wordpress allowed only one base currency.
May be there is plugin for two currency, but found nothing.

The currency is set to btc as far as I know. Like I and @lothendriel have said, you can setup the coinpayments plugin to price things in BTC rather than dealing with USD. Dealing with conversion between USD and BTC is a very big headache and a LOT of accounting that I try to avoid at all costs.

You can test on your shop: setup only one of your products in $

[rdyoung]

Everything you sell is bought via and priced in BTC. Now that you have an option to change the shop to USD, you should do so. It would make your life so much easier.

[gotram]

Everything you sell is bought via and priced in BTC. Now that you have an option to change the shop to USD, you should do so. It would make your life so much easier.

Iam reseller from Miningsweden and I must offer near same price, like Tommy is selling.
Thats the reason shop is in $

[lothendriel]

You're misunderstanding me. You don't have to price it in BTC. You can price them both in USD. You're charging $10 on there now.

Like I said. You can have the product be different prices based on the batch. If I choose Batch 1 it'll default to $5 USD. If I have choose Batch 2 then the price would change to $6 USD.

[rdyoung]

I presume you pay him in btc? Why aren't you and he pricing things in BTC? dealing with exchange rates between fiat and crypto for things that payout in crypto is overkill and a pain in the ass.

[lothendriel]

No.. we're big boys. We can talk about this like gentlemen. Or can't we?

[rdyoung]

Nothing I have said is over the line or top. No need to get worked up here. @lothendriel and I are trying to share our experiences with this. I had CSC priced in USD at first, that turned out to be a BIOTCH so when we started coloredcoin.io I set the price and left it as soon as we were able to lock things down to BTC.

[gotram]

You're misunderstanding me. You don't have to price it in BTC. You can price them both in USD. You're charging $10 on there now.

Like I said. You can have the product be different prices based on the batch. If I choose Batch 1 it'll default to $5 USD. If I have choose Batch 2 then the price would change to $6 USD.

Yes, I know but then I must alltime look for exchange btc/$
You must think in your shop, price show up in btc, but you want exatly 10$
You can do?

[rdyoung]

Yes, I know but then I must alltime look for exchange btc/$ You must think in your shop, price show up in btc, but you want exatly 10$You can do?

Explain why you NEED exactly 10$ to the penny? You shouldn't have to look for the exchange rate.
We don't worry about the USD value of the assets we buy/sell. If we paid 0.01btc for an asset, we decide on a price in BTC based on what we think it will sell for and what kind of profit we want/need from it.

[lothendriel]

Yes, I know but then I must alltime look for exchange btc/$ You must think in your shop, price show up in btc, but you want exatly 10$You can do?

If you price in USD then your payment gateway takes care of the USD/BTC conversion rate itself

[gotram]

Yes, I know but then I must alltime look for exchange btc/$ You must think in your shop, price show up in btc, but you want exatly 10$You can do?

Explain why you NEED exactly 10$ to the penny? You shouldn't have to look for the exchange rate. We don't worry about the USD value of the assets we buy/sell. If we paid 0.01btc for an asset, we decide on a price in BTC based on what we think it will sell for and what kind of profit we want/need from it.

Calculation for Asic share coin is done, thats the reason.

[gotram]

Yes, I know but then I must alltime look for exchange btc/$ You must think in your shop, price show up in btc, but you want exatly 10$You can do?

If you price in USD then your payment gateway takes care of the USD/BTC conversion rate itself

Price in shop show $ for this product, but I need in btc.
I cant do. Its not a big problem I calculate self.

[rdyoung]

They pay in btc, why do you need to calculate in usd? It shouldn't matter. If the coin is going to look to acquire ltcgear accounts and split the proceeds if/when they pay, it could be priced in peanuts or bananas, it doesn't matter. What does matter is how you calculate what you charge people and your current method is overcharging people, even if you give them 80% more of the asset to account for, that doesn't make it right.

[gotram]

They pay in btc, why do you need to calculate in usd? It shouldn't matter. If the coin is going to look to acquire ltcgear accounts and split the proceeds if/when they pay, it could be priced in peanuts or bananas, it doesn't matter. What does matter is how you calculate what you charge people and your current method is overcharging people, even if you give them 80% more of the asset to account for, that doesn't make it right.

Its not a big problem, I cant setup price in btc. I calculate self.

[lothendriel]

I'm going to say this one last time and then I'm done. You can charge USD and then at checkout the Coinpayment.net or GoURL payment gateway handles the conversion rate in BTC.

[rdyoung]

Its not a big problem, I cant setup price in btc. I calculate self.

I can't and won't tell you how to run your store, but my advice would be to change the base currency to btc and deal in that. It removes a LOT of headaches.

[gotram]

Its not a big problem, I cant setup price in btc. I calculate self.

I can't and won't tell you how to run your store, but my advice would be to change the base currency to btc and deal in that. It removes a LOT of headaches.

Yes, I must think about base currency in webshop, may be its better with btc.

[gotram]

Now filled up exchange with sell orders
https://cloud.gethashing.com

[Viturrex_Eugene]

I'm going to say this one last time and then I'm done. You can charge USD and then at checkout the Coinpayment.net or GoURL payment gateway handles the conversion rate in BTC.

I use the coinpayment.net gateway for payments and only have good things to say about it. It has an option where it will forward payments automatically to your preferred address as soon as the transaction has 3 confirms so you do not have to keep your coins on their site. There are fees but the pro's are worth it.

I also found that it triggers the stock manager correctly which makes running the sales much easier.

Still liking this idea All the best