.....Do you convert to fiat immediately or do you hodl the crypto payments you receive? If you choose the latter, how do you keep record of your actual profits?
You don't present your financial transaction in crypto so profit or loss computation should be the value of BTC in USD at the time you received it less the current USD value or the time you converted it to fiat. This will entail a lot of work if you're going to do this manually.
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?
He's already thinking of a payment gateway deal with an exchange.
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?
He said online banking payments are terrible during weekends according to his post so accepting crypto makes complete sense.