Quote from: Barikui1 on September 28, 2024, 07:16:49 AM

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 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?

Bitcoin price changes all the time, so what kind of investment an investor can make depends on his plan. And there are several strategies in investment including long term holding, short term holding, and trading that a person can invest based on his income and strategy. There are many investors who buy bitcoins long term and hold them for a long time, there are many who buy bitcoins and hold them for a long time rather than keeping money in the bank. So it usually depends on the plan who will invest how the biggest desire.