Quote from: xSkylarx on Today at 12:36:18 PM

Quote from: Detritus on September 14, 2022, 12:42:00 PM

Apart from a short explanation I have given to my employees on how to receive payment in BTC from customers, I have decided I will organize a special class to teach all my employees things they need to know in details About Bitcoin. The fact that I want to teach my employees things about Bitcoin and also accepting and exchanging Bitcoins for customers, do you think it's a risk am taking and should i discontinue the Business?

Educating other people about what is bitcoin is always a good deed. It will also lessen the increase of scam victims that involves crypto since we know that scammers commonly use it to deceive people on their investment schemes.

The only risk you have is bitcoin's volatility. Since its price fluctuates quickly, you could lose some profit if you received a bitcoin payment at a high price then it suddenly dumps.

At current market conditions when the price of bitcoin is not that high, this risk of bitcoin's volatility is minimized because the chances for bitcoin to dump are way less as compared to the chances for bitcoin to pump from the major support level. Anyways until the bitcoin is more adopted we have to face this challenge of bitcoin price volatility and business should incorporate this risk if they want to adopt bitcoin payments in their day to day business transactions.