Suppose I am doing business through an online Facebook page and website and want to accept Bitcoin. But now if I look at cryptocurrencies it comes with high volatility, and I have doubts whether accepting Bitcoin will be profitable for my business.
I really want to know your opinion on this and what are the initial steps I should take if I adopt cryptocurrency for my business? Because I see many people on the forum are taking steps to accept Bitcoin for businesses and that's why these questions araised in my mind.
Profit will depend on how many customers you have and when you are going to do business and buy and sell something you must use the money regularly as there is no chance to hold your money for a long time so Bitcoin will be very profitable for you. It has no guarantee. To get profit from Bitcoin you must hold it for some time so it is not possible to tell how much profit Bitcoin will give you in this business if you accept btc for payment.because you have not given any indication of what kind of business you are going to do.