hello Bitcoiners, I'm happy today because today marked one month since I started accepting Bitcoin payments in my company. I decided to accept Bitcoin as a means of payment because it is fast and secure, unlike the frequent delays and errors with fiat and banks. Few of my customers were really impressed with the new development when I first started last month, but since then I have had more than 13 customers paying me with Bitcoin and stable coins ( USDT ). I feel more safe using Bitcoin in my business because it eases the stress of holding a lot more cash, there is no more SMS notification and charge from the bank for payment, and no one has to know about my bank balance by spying on my phone. There is no monthly charge of any kind for Bitcoin transactions, unlike with the banks.
Knowing that the Bitcoin payment I receive from customers is not an investment but rather my business capital, what I do after receiving payment in bitcoin is convert my capital to a stable coin USDT and leave my profit in bitcoin. I do this to avoid running a loss in my business. If I decide to hold the whole bitcoin and, peradventure, the Bitcoin price drops, I might not have my exact capital any time I want to buy more goods. I wish to ask if this is the right approach I should take given that we are still in a bear market.
You are great, I also want to do the same as what you are doing, can accept Bitcoin as a means of transaction, but in my country, the regulations are very strict, if I use another means of the transaction as payment I will be subject to criminal penalties for a maximum of one year and $12,800 fine. Of course, this is very difficult for me.
If I did it secretly without other people's knowledge, maybe I could do it, but when neighbours or other people report what I did to the local police, I could be entangled in the law.
I appreciate your courage, one day I will also do the same thing as you when the legal regulations in my country have allowed it.