Post
Topic
Board Bitcoin Discussion
Re: Am just curious, how would I go about this
by
AVE5
on 03/10/2024, 12:51:41 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?

I think it would already become a mistake if a stock trader who accepts bitcoin for payments stores their funds bitcoin Instead of converting it to stable coins like USDT once received the payment.
It's only advised to let your funds be on bitcoin if you're ready to be a hodler which means you're alternatively diversifying your source of income to bitcoin and then you can always take your profits to promote your stocks.
Aside this hedging I don't think of any possible strategy to recover the lost unless you're ready to shutdown your stocks shop and focuses to hold on bitcoin investment and hodl untill you regain your losses.