Post
Topic
Board Bitcoin Discussion
Re: 1 year of accepting crypto payment in my fashion store
by
Slow death
on 29/07/2022, 22:24:19 UTC
I keep wondering how it is when someone, for example, buys something that costs 100$, that person pays 100$ in bitcoin and hours later the price of bitcoin drops a lot and you get 97$ in bitcoin, then you take the 97$ in bitcoin and will buy the thing for 98$ and then sell it for 100$. in this scenario you are at a loss and how will you deal with this situation for a long time? And if you accept bitcoin as a payment method, but when people pay and convert in USD right away, I wonder: what would be the point of accepting bitcoin as a payment method in this scenario?

Now that most volatile coins has dumped massively, how do you preserve the value of your coin?

I want to know that too