Post
Topic
Board Economics
Re: The best way to get Bitcoin is not to buy it!
by
Hatchy
on 16/07/2023, 06:24:34 UTC
I understand your point and you're correct that this method of acquiring Bitcoin by accepting it as payment may primarily apply to people involved in business or trading. However, there are individuals who are not interested in trading but prefer to hold Bitcoin as an investment.

What happens, when your customers are not familiar with digital currency like Bitcoin. Do you then Force or impose Bitcoin on them just to acquire it? For example if you want to restock your business and your supplier doesn't accept Bitcoin, you would need to convert it to traditional currency. This conversion process can result in additional exchange fees potentially reducing your profits.

While acquiring Bitcoin through payment options is a good idea it shouldn't be the only method you rely on. Buying Bitcoin directly is a major means of acquiring it and it may be more suitable for individuals who are not actively involved in business or trading.