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.
Everything depends on you to make a choice on how the volatility will affect or play a good role in your business. If your goods are in fixed price and you receive payment with bitcoin and the price of bitcoin drops, and you feel if this happens it will affect your business. I will advise you no to do what you feel it will affect your business if their is shortage. But if your business is big and you have enough money at hand and volatility won't be a problem to you and even if the price falls you can have patience to wait till it comes up then it will be good to accept Bitcoin as payment.