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.
I think those who accept Bitcoin as payment in their business are not to keep the BTC as an investment asset but directly exchange it for fiat and the decision to include BTC in one of their business payment systems is a form of opportunity to also get customers from people who like payments with BTC, so if you want to receive BTC in one of your business types, you will immediately exchange it for fiat as a form of protection from BTC volatility which can reduce your profits.