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.
it will be very profitable, moreover, you will have a lot of support from the community for your merchandise, volatility issues must be considered because it may be a measure of loss or profit in your business, I thought so for a while. But maybe what can be a solution for this is that you have a benchmark price with a relatively stable value even though the payment uses bitcoin, just like you adjust it with the fiat currency in your country or the dollar to set the value of goods and even so the payment must be in bitcoin. To protect your money, you may, when someone buys, exchange it directly for stablecoins or direct fiat currency to continue the production of your merchandise.