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Quote from: Crypto Library on January 02, 2023, 06:39:24 PM

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.

Bitcoin payment is like any other form of payment, just like paying with fiat. So payment gateway or method has nothing to do with the profitability of your business. If you want to profit in your business try and venture into a business that us profitable.
If you want to accept Bitcoin, conduct a survey among your customer base and ask them if they would want to be paying with bitcoin. Their replies will enable you make a better decision.

By keeping Bitcoin as a payment method, Bitcoin will work for personal profit and loss despite normal business profits. Because if you sell a product for $100 and the buyer pays the price via fiat, your $100 will always be worth $100. But if you take this payment through Bitcoin, then if Bitcoin pump 1000 dollars, you will gain a few more dollars by increasing that 100 dollars, then it will be worth more than 100 dollars. but if bitcoin price drop $1000 the $100 also will drop by a few dollars and then it will carry some less value of $100. So the profit and loss of the business plays a role in Bitcoin in many ways

The matter has been presented very nicely. It basically works like this. But if we go to consider another aspect, when someone does a business, he sells his company's products constantly and supplies the products again with that distorted money. So business don't keep money for long time they always use money and try to earn so when a businessmen sells a product for business purpose and accepts bitcoin as payment then of course he doesn't hold that bitcoin for a long time he again supplies the product through bitcoin will give So the pump and dump of Bitcoin won't be of much effect for him. But it is true that as long as those bitcoins remain in their funds, their funds will likely remain pump or dump

This is an important topic to discuss but as long as a merchant owns that Bitcoin, since Bitcoin is constantly going up and down in value, Bitcoin payments will always have some effect, be it positive or negative. In that case the less time a merchant hold those bitcoins the less chance of profit or loss but if a merchant hold longer then there will definitely be a profit and loss side but generally no businessman holds his money for a long time as you have already said.