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?

The crypto market is not stable as the market always goes up and down and the price of the currency fluctuates so investors prefer to invest in bitcoin for the long term. In business if you have bitcoin in such a situation you will get better results if you keep it for long term without taking any risk. When it comes to payment most people prefer fiat to buy things with cash, but it's entirely up to you. To get something good, people have to work hard. Go ahead with the plan and hold on to the bitcoins instead of selling them.