Post
Topic
Board Bitcoin Discussion
Re: Am just curious, how would I go about this
by
Oluwa-btc
on 29/09/2024, 13:06:05 UTC
In a situation whereby you accept it as a means of payment while selling 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?

Agreed that it's also created as a means of payments but holding it is very important to an individual and as well a business man but looking at the area of buying goods with it as it's not been converted to a simple fist currency could be very challenging and you need not to be in a rush. Mind you you can choose to purchase the goods in the shop by waiting awhile when everything goes down but again you can as well convert to another easier currency inorder to make payments. This is why it's advisable to have a third party funds that you can run to at anytime when such issues occur, having backup funds usually be of help in this situation do it depends on your decisions.