I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.
Is this a good idea? Are there any risks (other than the volatility)?
Is anyone really going to use this?
I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.
Thoughts?
Thanks in advance
I think it's a good idea bitcoin if you do that just means you are investing your money in bitcoin and for now bitcoin is a good investment because of the supply and demand the price continues to increase over time. But at the same time, it is risky for a business if you don't have the extra capital or your business is not really that big. With the bitcoin volatility and also you cannot use the money that you earn in bitcoin because you need to invest it for the long term for profit and it's the reason why you accept bitcoin in your business. As long as you can sustain your business while accepting bitcoin is all good to do accept bitcoin in your store.