Post
Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
bitmover
on 28/08/2020, 20:45:59 UTC
I'm going to revive my domain name sales business, and I want to offer Bitcoin as the primary payment method. I may expand this to allow some other altcoins in the future, but I want to stick with Bitcoin initially. The problem is pricing in a volatile market. I believe that Bitcoin is going through a correction at the moment, but will increase in value significantly towards the end of the year. Of course that is guesswork on my part, and it is subject to 20-30% volatility. So how so you decide on the price? If I believe a name is worth (say) £5,000, do I ask for 0.6 Bitcoin, or do I make an allowance for price drops or increases? I don't want to quote the price in US dollars or Sterling.

Put the price of your product in dollars, and the conversion to BTC will be automatically using many softwares such as btcpayserver.org

If you are worried about holding bitcoin due to it volatility, just create an account in a reputable exchange such as coinbase and sell the bitcoin as soon as you receive them. Not much of a problem.

Bitcoin can be just a new payment method, cheaper than paypal Smiley