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?
Buddy I believe many community members here has responded to this thread and given there insight and opinion to that effect, I want you to understand something, before a business owner decide to accept bitcoin as a mode of payment such business owner may not care about the volatiltiy of a thing because i believe the business owner is aware of bitcoin fluntuations and would want to use that opportunity to acquire and accumulate Bitcoin, if you're talking in terms getting more good when he might have sold out the available ones through bitcoin payment process, you should know that he can't embark on such mission without a back up plan on how to refil his business and keep making his sell knowing fully well that he will benefit in a long-term, Bitcoin is a long-term asset as such i believe that any decision taken by a bitcoiners should be targetted at yielding fruit in a long-term.