Quote from: Nrcewker on August 20, 2022, 07:51:53 AM

Quote from: Superdoctor on August 20, 2022, 06:32:42 AM

I’ve been a merchant wholesaler for the past four years now. A lot has changed in my business since I introduced Bitcoin as a means of payment. I receive money quickly, I’m able to save up by storing and holding my bitcoins and I can withdraw from my account at my convenience, no limit options. This is far beneficial to me than when I was using banks. Within the first two years Of starting my business I always go to the bank to increase my account limit and set up other necessities. Sometimes it doesn’t get effective immediately I have to wait for 48hrs or the next five working days before it works and still I do have some issues from time to time. This year I decided to start receiving Bitcoin as a means of payment. All I did was print out my wallet address, pasted it on the wall and my customers who knew about Bitcoin already was so delighted I introduced Bitcoin as a means of payment and for those who didn’t have an idea,I educated them on how Bitcoin works and how it can be useful to them.. Everything has been going swiftly,I’m so glad I made this great life changing decision of making Bitcoin a payment method in my business.

Glad to listen that Bitcoins have helped you so much in making your business so smooth.
Only negative factor of Bitcoins is that the price inflation or fluctuation, for which if you ever need to cash out you might end up with some losses.
But yes if you manage to hold the Bitcoins that you get from your payments for at least 4-5 months, then definitely you will get twice the amount that you held earlier.
Nevertheless it would have been great if you could share with us the exact figure that you receive from cryptos on average in a month. It would have been motivated more business dealers to integrate Bitcoins in one of their payment method also.

I agree with the overall idea of accepting Bitcoin for payments but the fear of some with Bitcoin as you have also alluded to is the volatility in price especially in a bear market season like this so this brings me to the point you made about hodlin for some months 4-5 months to be precise, this doesn't necessarily translate to profit if those months are in a bear season unless the merchant is able to hodl till a reverse market price trend.