Let's put heads together and actually analyse this thread of mine I understand that if more and more companies are to accept Bitcoin as a means to pay for goods and services ots good for Bitcoin and Will have positive impact on Bitcoin but if we look at it from some other angles as a business owner I don't actually find it totally worth the risk because in as much as Bitcoin’s price is always going up.and it is considered a.form of investment the price is still very volatile and you have a business to run
If someone pays 1 btc for a goods you offer (I'm just making an example)
And let's say the cost of the good is actually equivalent to.the price of.that Bitcoin what will happen when the price of Bitcoin is in a bearish trend won't he be in a lose for.that good or.will he just have to hold on to.the btc till the price goes up but if he does this he has a shop to.run and needs the money to get more goods
Abi na lie I talk
What is your take on this?
Aside from looking at bitcoin from the angle of bitcoin volatilities as a risk measures for business accepting bitcoin for payments of goods, let also consider another vital aspect which have been the reason many businesses that accepted bitcoin before are now closing their door in bitcoin acceptance which is the network fees in paying for good using bitcoin, sometime the network fees in the bitcoin network can be so high that it may exceed the amount you bought the goods you want to pay for if you want the transactions to get mind a d confirmed ASAP, you have to pay the high fees, this has been the major set back with bitcoin acceptance in business.
I believe that bitcoin is best taken as a form of investment, much more than using it for paymentss, and also bitcoin movement is easy but at the same time risky, and expensive at the moment, so best to hold bitcoin for long term and if you want to shop for good best to use fiat currency.