Post
Topic
Board Bitcoin Discussion
Re: Am just curious, how would I go about this
by
rhodelmabanal
on 28/09/2024, 11:25:34 UTC
Bitcoin as the first cryptocurrency was not just created for investment purpose, it was actually created as a means of payment and to be honest, the adoption process isn't as fast as expected, but one thing that am very curious about and I have been thinking on how to go about it as a business man while accepting it as a means of payment is it volatility, though it might be advantageous for holders, but am not that certain for a business men.

In a situation whereby you accept it as a means of payment while sell off your goods, then when  you are out of stock, so you decide to restock your shop, so by then price of Bitcoin has dip so much that you can't buy all the goods needed in your shop, due to the fact that your money has depreciate in value because of the dip, what is the way forward in such a situation if your emergency funds can't cover up for the shortage?
With this situation you can possibly loss when you use your bitcoin when it is on dip, if you have fiat you can use it instead of btc when it is on dip because its value will go up in the future, but if you don't have a reserve money to used in the times of dip then you can possibly loss.