Post
Topic
Board Bitcoin Discussion
Re: Reason why businesses should accept Bitcoin payment
by
jaberwock
on 12/10/2021, 08:19:27 UTC
Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
Yes, it’s good for companies to adopt Bitcoin as a payment method, but I think anyone that’s considering Bitcoin should look at it two ways and make sure that they are using it in a way that it is not going to be affecting their business, because if they are not careful it can affect their business.

The price of bitcoin is volatile and that means that apart from the fact that you can gain from the market, you’re also running the risk of losing money and it affecting your business at that point. So accepting bitcoin requires proper planning, in a way that if the price goes down, your business won’t be affected. But I think Companies that do accept it now will benefit long term.