Quote from: Japinat on June 05, 2022, 08:12:27 PM

Quote from: BroganWessex on May 25, 2022, 11:18:00 AM

Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!

Its always reasonable to accept bitcoin direct into your wallet, regardless of its present value. If you have physical store, or just accepting bitcoin for investment or for future pension, i believe its definitely worth it. Everyone is eager to have it, so why do you hesitate to accept it? If you are worried because it can never be used as payment in most stores, then spend fiat and save bitcoin. There's always a brighter future for bitcoin than fiat indeed.

This could really work out only if the owner will get the perfect balance of bitcoin and fiat payment. In a business, most particularly with stores that offer products, the owner is required to restock so that the customers can have a wide variety of options to choose from. If most payment would be in crypto, he won't be able to buy immediately the things needed in the store because he first have to exchange it.

Hence, it should be balanced. Or at least have a margin for every bitcoin payment so that you won't be the one losing if ever you'll have to pay for transaction fee for converting it back in fiat. This will also serve as your bounce back if ever bitcoin will suddenly decrease in price.