Bitcoin Forum

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?

It varies depending on the store and the number of daily Bitcoin transactions. Some stores rely on processors to transfer cryptocurrencies to the bank account once they are accepted, while others consider Bitcoin as an investment and since Bitcoin transactions may not exceed 10% of the total transactions, they are good as a medium or long-term investment. Some sell Bitcoin on a weekly or daily basis as the price of Bitcoin may not differ much on a daily basis.

Just like someone who decide to invest in Bitcoin, they should only use idle money, which mean they have emergency funds.

In business is same, you also need to have emergency funds too instead of going all in and having no money to prepare with the future. If the business have no money left and all of them are in volatility assets, the business has a bad money management.

If a business has money management problem, the owner should recruit financial planner.

Maybe for ordinary Bitcoin users this feels quite difficult and can be stressful if the price of Bitcoin is falling because there is no profit from selling using Bitcoin as a means of payment, plus not preparing an emergency fund that can cover if this happens and it will definitely happen because the price of Bitcoin is not easy to predict and only fools will do this because it risks causing frustration if they don't think and make a very mature strategy and plan for the future to anticipate if this happens. If not, I think the store will not be able to buy back the item to sell, and will not convert it to fiat to be able to buy it because it will be a loss.

Only people who have a lot of money or are indeed very rich can do it and also love Bitcoin who can do it, and do it with very mature planning, have a good strategy and also have a large emergency fund if this happens. And besides that, the person took the initiative because of his love for Bitcoin, aiming for everyone to know that Bitcoin can be used as a means of payment, and know and also have a strong belief that if that happens in the end the price of Bitcoin will rise again which will provide extraordinary benefits in the end.

Beforehand you need to see the government regulations in the country where you live, whether bitcoin is legal for transaction processes and if not then I am sure you will have problems with the law. Doing something that is prohibited will not be profitable even though we know that bitcoin has provided many benefits and you need to review this first before deciding to accept or pay for something using bitcoin. If you are just a small investor then using bitcoin as a means of payment will not be profitable because of volatility.

The simple logic is like this, when you run out of bitcoin stock to pay and the value of buying bitcoin at that time is high then when the price drops and you have to pay for purchases using bitcoin you will most likely lose. My understanding is that it would not be profitable for small investors to condone bitcoin as a means of transaction but it is much better for investment.

I've thought about this myself, and I believe the crucial thing is to hedge your funds.  If you take Bitcoin, get ready to swap some of it for a more stable currency right when you get paid.  That'll help soften the blow of any price changes. Also, to my understanding most places that take Bitcoin use some form of payment processor to automate everything.

So, whether some businesses or individuals choose to invest in Bitcoin and hold it for a longer period is unrelated to whether they accept Bitcoin as a payment method for services and products.

The possible solution is to use bitcoin payment processors which means even if the customers pay you in bitcoin or in any other crypto the payment processor will convert them into fiat at that time of payment and you can withdraw them as fiat in your end so by doing this customer can pay with crypto and you don't have to worry about the volatility.

Another suggestion:

If you're really a bitcoin enthusiast but also don't want to take too much risk then take the safe path of only converting your profits into bitcoin and let the remaining funds to cover the expenses, salary, and restocking so by this you don't have to worry about restocking when there's a dip and you also have your bitcoin that's coming entirely from your profit.

Let's say if your monthly revenue is $50000 and 20% is your profit

then use the payment processor to convert 80% which is $40,000 to convert into fiat

Keep the remaining 20% which is $10,000 in bitcoin itself.

You don't have to use Bitcoin as your main payment system because you still have fiat so your customer can use fiat to pay while you can holds Bitcoin until the price increase and you can sell it to take a profit. As a business man, you need to watch and adapt the current situation so you can running your shop without a problem and if you see Bitcoin price is down, you can still buy all the goods needed in your shop.

You must allocate an emergency funds to cover up for the shortage so you will not have a problem if you want to buy something for your shop. As a business man, you need to think if you are in that situation so you can solve the problem immediately and nothing happen to your shop.

No, if you have read the Bitcoin's White Paper, you will know that Satoshi never mentioned creating Bitcoin and using it for investment purposes. The sole purpose he created it for was to be a peer to peer currency but we turned it into an investment from day one and maintain it to this day. We have turned bitcoin into a volatile asset class, which is good for investment purposes but has inadvertently made it difficult to use as a means of payment.


That's why I don't really welcome or like the idea of ​​using bitcoin as a means of payment for businesses. Because if we don't have a specific plan and strategy, rushing to adopt bitcoin as a payment method will cause a lot of difficulties for our business. People in the position of customers or buyers may support this idea but if they are in the position of business owners, they will realize that there are many challenges they face with the volatility caused by bitcoin.

Some people came up with the idea: as soon as we receive bitcoins, we will immediately exchange them for fiat. That way we can avoid the volatility of bitcoin, but if we do that then what is the point of using bitcoin as a means of payment?

The adoption process is faster than it was expected. It's a brand new currency compared to gold and fiat but has a market cap that's higher than 1 trillion dollars.
There are two options for you if you are in e-commerce:
1) Integrate Coinbase Commerce on your website - When someone pays with Bitcoin on your website, then Coinbase will automatically convert crypto into USD and you won't have to worry about volatility.
2) Integrate BTCPayServer on your website - When someone pays with Bitcoin, you'll have total access to your wallet and you manually send coins from your wallet to an exchange, convert and then withdraw fiat.

If I were you, since the volume of Bitcoin transactions is low in every store, I would HODL coins that I'd receive via my website. HODL means long-term holding, for example 3-4 years.

Business is full of uncertainty and you only have Bitcoin instead of currency with stable price, it's like taking double risk. Similar to taking a loan to invest in business or Bitcoin, either you go big or you go home. Most sellers that accept paying in Bitcoin, they're using third party and they will receive in fiat since the third party will convert Bitcoin to fiat.

However, if you have in such situation, just sell your Bitcoin even you're sell it at loss because you have no choice and selling Bitcoin at cheaper price isn't always bad.

When a merchant accepts bitcoin as one of their payment. They should have the best way to settle with bitcoin's fluctuation. They can avoid this by using a scalable payment system. It will process their bitcoin transactions in seconds, then convert them to fiat. This is because the price of bitcoin can fluctuate even more than cc's processing fees.

And based on your illustrations, i'd blame the merchant. They should have converted their bitcoin to fiat in a matter of seconds instead of holding it.  :D

It really depends on the person, their business and how much of their revenue is going to come from bitcoin payments. For example I knew someone some years ago who had a computer shop and was accepting bitcoin payments. They barely received any bitcoin payment and they saw that as an investment itself. They basically said they were going to buy bitcoin with the profit from their business anyway so why not receive it directly like this and avoid the hassle of buying bitcoin later.

Bitcoin is for HODL, not meant for spending...Eventually if the price reach at the level of your goal, that will help you retire young.

With this situation you can possibly loss when you use your bitcoin when it is on dip, if you have fiat you can use it instead of btc when it is on dip because its value will go up in the future, but if you don't have a reserve money to used in the times of dip then you can possibly loss.

All you need to do, if you find yourself in such situations, is to apply wisdom to have some emergency money you can use to buy goods to refill your store back because if you leave your store empty, and you don't want to sell your bitcoin just because of the dip, it will make you to lose plenty customers at that moment, but if you have emergency money at that moment, it will be easy for you to make use of the emergency money to refill your store and continue holding your bitcoin till the price hit profit point. Bitcoin is created to break down transaction delay not for profit making, but since many countries has made it illegal for any kind of transaction in their country, it has pushed many youths to discovered how to invest fiat money on bitcoin and other cryptocurrencies and hold for some months or years before they can trade to earn income which is the major thing that is changing other countries minds to unbanned bitcoin to boost their economy.

Yes, that's right and market players are not only those who have large assets continuously holding these assets but those who are retail traders also participate if someone comes to buy in small amounts. As you said if their asset stock is already in deficit, they just deposit again to meet the demands of their customers.

Very true Op the volatility of Bitcoin is the question if it's for business purposes. Wherein how it becomes safe and not affected on the market situation ?. :D  i think much better to use stable crypto rather than Bitcoin to make sure it's safe from the volatility if its all about fast transaction and privacy of costumers.

I think it will be better if you are accepting bitcoin as an alternative payment method, after payment you can convert your capital to stable coin and then keep your profit in bitcoin so that when you are short of stock, you can easily buy whatever you are lacking in your business.

However, anybody accepting bitcoin will also accept fiat and I believe that majority of customers will pay with fiat and not bitcoin. What I think will be the challenge when you are accepting bitcoin for payment will be high transaction fee that do happen once in a while. In such case, you will only accept fiat currency.

If it is not meant to be spent, then what is its purpose? And if no one is selling it, who are you going to buy it from to HODL?

Bitcoin needs both sellers and buyers. That's the only way it works.

The adoption rate of Bitcoin is actually faster than expected. It's not too accurate for a comparison of adoption rates between Bitcoin and the Internet, but let's check it and see how good Bitcoin adoption curve is.
Bitcoin vs Internet adoption curves (https://x.com/woonomic/status/1334809917211873285?mx=2)
Not Just A Fad: Bitcoin Adoption Curve Rivals The Internet (https://bitcoinist.com/not-just-a-fad-bitcoin-adoption-curve-rivals-the-internet/)
Bitcoin vs Internet adoption where does Bitcoin stand (https://coinchapter.com/bitcoin-vs-internet-adoption-where-does-btc-stand/)

Even fiats in these days are not stable and they are volatile. And I am using my country currency as an example to others. Last week, it was $1 = N1600 but in this week it is $1 = to N1700 and we don't know what will be the next move of the price. And if the price of Bitcoin was high when the seller bought the first set of goods and now that he wants to buy again, I believed the price of things would also reduce because products or goods also follow the movement of the currency.

Even the real life the prices of good and services follow the prices of the exchange rate and the transportation so if the price of Bitcoin is volatile then the goods and services will also follow suit.

Yeah, it was created as a means of payment, but due to its scarcity and how it is mined, people found it much more suitable using it as a store of value than using it as a regular currency. Bitcoin is also accepted in most places where cryptos are accepted but there are other coins that are much better when it comes to making payments due to fees and confirmation time. To answer your question, yes bitcoin is volatile and it is not a good idea for merchants to hold bitcoins. That is why most payment gateways that processes bitcoin transaction allows the merchants to instantly covert bitcoin to other fiat currency or at least to a stable coin. The merchants also has a choice to keep a % of the money received in bitcoin.  A smart merchant would keep most of their 'profits' in bitcoin in order to maximize their profits in the long run.

The volatility of this is one of the reasons why its development in terms of adaptation is weak. In fact, there are many merchants and companies that have tried this, but they see that consumers prefer fiat money over bitcoin. That's why we don't feel this kind of change in our community because most people still prefer using fiat money over bitcoin. And even though we encourage people to use this, it seems that they still perceive it primarily as an investment, not as a currency that can be used anywhere. 

Of course, we are looking forward to the expected changes, but I think it will take longer before it materializes as an alternative currency. 

The thing is your pegging the goods with your currency and not bitcoin, what you stated is the price of Naira depreciating or appreciating against US dollar while the goods follow the usd currency whereas that’s not the volatility with bitcoin. The price of a commodity can be stagnant but bitcoin price will increase or decrease in respect to the usdt price. Imagine buy or selling one loaf of bread for x amount in usdt but the price was paid in bitcoin when it was around $65k, then when the bitcoin price reduces to like $64k the list of bread would still be x amount but you might have lost due to the volatility of bitcoin and I think that’s the worry of bitcoin.

My advice to OP is just convert you needed funds in short term to fiat after maybe daily or weekly sales because bitcoin isn’t even that too volatile that it will raise or reduce excessively during this period. Then if you’re looking for a very long term holding position then stay in bitcoin

Currency values ​​will depend on that country's economy and just because your country's currency fluctuates wildly doesn't mean other currencies will too. Not to mention, even if they are volatile, they are not more volatile than bitcoin, can your national currency lose 5-10% in 1 day? But with bitcoin it is very normal and regular.
Bitcoin's volatility is huge and it would be a big risk if we don't plan well when using it as a company budget. Don't deny it because this is a real problem and that's why OP created this thread.

Do you own a business and have you ever used bitcoins as a payment method for your business as well as used them as a company budget? How can you be sure that there will be no problems using bitcoin as a means of payment?

You should have understood the turnover of capital and profit from the start, where the capital of one item can be calculated, and when it sells we can also say whether it is profitable or not, indeed calculating daily sales profits with btc payments is more difficult with fiat, so in my opinion if you open a shop by accepting btc. you already understand the consequences if btc experiences a decline, then automatically if your emergency funds are gone the only way is to close your shop until the btc price returns to normal and you have to overhaul your strategy so that there is no long-term loss due to capital being held back because the btc price has decreased

I don't think that's the best solution.
The key is the daily management of Bitcoin transactions in the store. If the use of Bitcoin in your country as a means of payment is not yet popular, Bitcoin transactions in your store will not be enough. And it depends on your plan. If you want to allocate Bitcoin for the short term with capital turnover to replenish the store. It is highly recommended to immediately convert it to stable assets or even fiat.
It will be different if your capital is strong enough. You can manage your Bitcoin in several more transactions first. The plan is a medium or long-term investment. So Bitcoin transactions in your store that are still not that many can be covered by the fiat transactions you get.

If you want to or if you are going to accept Bitcoin as a means of payment in your business, then you must not handle it as an investment. What I mean is that, when you want to invest into Bitcoin, you always have the plans to hold it until the value pumps and surpass the amount you bought it, but when you are just accepting it for your business, you can convert it to fait once you receive the payment. That's the way to save your capital from being affected by the volatility.

That is one way to address the situation, once you received the payment, you can easily convert it to your fiat so the volatility factor is not much to be worried about. You may lose some in the conversion but the difference should be small. So when it comes to business, you can still accept crypto but you also need to convert it to your fiat right away. But when you just collect and store it, it means, you are ready for the possible decline or increase of its value in the market depending on when will you trade with it.

You bring up a very good point and I believe this is a mistake many people are making. Many people seem to be getting too greedy thinking that they can use bitcoin as a means of payment and can also leverage it to make profits by holding those payments as an investment. But things often don't go as they expect and when bitcoin enters a correction phase, they get into trouble and complain.

That's right, if we use bitcoin as a payment method then we should not consider it as an investment. This is the only and best solution for anyone who wants to apply bitcoin to their business.

In addition, I would like to suggest that it is best not to mix investment budget with business maintenance budget, we should separate them completely for convenience in management as well as to avoid unwanted risks.

Bitcoin is not a stable coins so if you are accepting it as a means of payment for your business let it be that you are taking it as a means of HODLing instead of receiving and using it to make purchases of your goods again. However, you should know that as you are accepting Bitcoin that you won't use it to restock your goods again if volatility pushes the price downwards and while accepting Bitcoin as a means of payment you should make enough provision for emergency funds that will cover up your purchases for a long time so that you won't be affected when the price of Bitcoin falls. Accepting Bitcoin as a means of payment and using it to buy goods is almost same as trading which can lead to losses so in order not to be stucked in-between, you should have enough funds in Fiat to restock your goods when you run out of stock.


Yeah, the price of Fiat also fluctuate but you can't compare it with the volatility of Bitcoin or other crypto assets because cryptocurrencies can skyrocket very high or fall extremely low within a short period of time while Fiats experience sluggish upward and downward movement due to Economic activities

Originally a currency, the falling and rising value of Bitcoin can become real problems for businesses that accept it as a form of payment and then convert their fiat currency, if its value drops severely before you do so. You may not recover your costs.

You should come up with a mechanism whereby you immediately change the Bitcoin into fiat once you receive it. This will minimize risks such as depreciation, and you are sure to have resources at hand with which to maintain your inventory. Some traders achieve this by using stablecoins, which are pegged to the value of fiat. It becomes very easy to trade using this means without having the volatility that characterizes Bitcoin.

As you also mentioned, an emergency fund is very important. It may help bridge shortfalls. when unexpected market changes occur Keeping yourself up-to-date with market trends and limiting the time in which you can cash out your Bitcoin also helps.



It is intelligent to treat Bitcoin as a HODL investment rather than a ready way to buy real estate. Due to its volatility, you need to maintain a strong emergency fund in fiat currency, so you can restock without being influenced by price fluctuations.

It is a lesson in financial planning for understanding potential risks from combining Bitcoin trading with purchases. This kind of process, therefore, allows businesses to take advantage of possible price rises while always avoiding losing money. can It is advisable that any businessman who considers Bitcoin must have a strategy in which to integrate its budget for operations with financial assets. Have you considered spelling out a specific method?

For now there's no specific strategy or method to strike a balance between using bitcoin as a means of payment in a business and using it to restock your market, the only solution for someone who wish to use bitcoin as a means of payment both receiving and sending is if the trader he makes purchases from understands the market volatility and fixes the price of his goods to be in commensurate with the current price of bitcoin as at the time the buyer is making purchases.

Well I have been looking at all the replies here and it has really been helpful, and what I observe is that accepting Bitcoin as a means of payment can be really problematic for a business,  if you want to make use of the money in a short period of time,  unless the money is converted to fiat immediately.
Then another problem here is why can't Bitcoin strive without the fiat in business? Because the financial cost of receiving it as payments and still convert  to the fiat will definitely be there, unlike when you make a direct sells of your product in your shop receiving only fiat.

But in a situation like this, it makes perfect sense in receiving Bitcoin as payment, because they intend keeping it for a very long period of time, which I think it's the ideal situation.
But accepting it for short term use can really be more expensive for a business that wants to do a quick turn over.

That is true because I have also asked consumers about this issue and most of them prefer to use fiat currency compared to bitcoin. Encouraging the use of bitcoin in a buying and selling capacity will be a little more difficult because now people understand fiat more than bitcoin, especially if local government regulations prohibit the use of bitcoin as a legal means of transaction. It will take more time to develop this possibility because new things are not easy to implement even though bitcoin has been around for several years.

Anyone may be interested in using bitcoin as a means of investment, but not everyone is willing to use bitcoin as a means of transaction. For example, I am also still quite interested in investment users compared to transaction users such as fiat because there may be several reasons for this.

This is a very critical question that does demands one to think outside the box. But on admittance I think this establishes one of the flaws of bitcoin in terms of using it in running business. So the solution should be that since bitcoin is not highly volatile as  altcoins are, the business man shouldn't stack like a normal bitcoin holder but should always endeavor to convert to stable coin at the shortest period of within 24hrs to avoid the risk of making loss after sells in bitcoin instead of waiting till he is ready to restock before doing so.

Wait, does your supplier accept BTC payments as well? ;D Can't you just convert the BTC to fiat when the BTC price is higher and buy items for your shop with fiat? I agree that most people fail at timing the market and sometimes the BTC price faces bear markets and severe drops, but there must be a way around this. BTC shorting is a thing. The BTC sellers could short their BTC to hedge the risk of a sudden price drops.
I also don't understand why do you have to adopt BTC as a payment method in your shop. Do you get more customers? I don't think so. Nobody would spend BTC for goods and services, if the BTC price goes up by 30% tomorrow.

To answer your questions if my supply accept Bitcoin as payment, No, in my country it's not legalize as means of payment yet.

I brought this here because in as much as i trade and also hold Bitcoin as investment purpose, I also have a business running for me, a customer of mine is aware of the fact that I am into cryptocurrency, so he brought the suggestion of paying  for a large amount of goods he took in my shop with Bitcoin, which I agreed, he did the transfer as we agreed, so I was just thinking that how will I restock my shop if more of the same transaction comes in, and when am ready to restock, the price have dip, how would I navigate my way around such situation, and to also know how those business owners do in countries that accept Bitcoin as payment in such a scenario, that's the main reason I brought it here

Hmmm, I guess having emergency funds in your bank account would be the best solution for this one.
What I mean is that emergency funds that's in fiat currency.

Can I ask though OP if the supplier also accepts cryptocurrency? I mean there isn't that many establishments out there that accepts cryptocurrency as a mode of payment, but if that's the case, I think having emergency funds in the form of fiat currency would be the best option for you while waiting for the Bitcoin that you're holding to go up again. Can I also ask OP if there's anybody in your store that uses Bitcoin or any crypto to pay their stuff that they're buying? I mean with the current situation of the market right now; it would be better to just hold our assets instead of using it to buy things because you might loss some potential profits if you're using it to buy anything.

Anyway, good luck with your business, and I hope that it will be more profitable for you if you integrate Bitcoin in your payment system.

What I am concern from your story is the bold part.

Although you can accept Bitcoin as a means of payment, you can break the rules of your country because Bitcoin is not legalize as a means of payment yet. That will makes you in troule with your government. I would suggest you to back to use fiat and leave Bitcoin as the investment. That will stay you away from trouble from your government.

A seller from other countries that can use Bitcoin as a legal thing will not have a problem from their government. That will be different with your situation so you can wait until your government make Bitcoin legal.

Without that, you will only breaks your country rules so that will harm your business. But that is up to you because we can only suggest you.

That's one fear many businesses have, that such drops in price will strongly hit their ability to restock or cover expenses. Using crypto payment processors-much like those instantly converting Bitcoin for a stablecoin or fiat-makes sense. This reduces the risk of holding volatile assets and ensures you have stable money to run your business. It further helps merchants balance the benefits that come with accepting crypto without the downside of price fluctuations.

Diversify the money you have in Bitcoin, get part of your money now into stablecoins or fiat for currently existing business needs and keep the rest of the funds in Bitcoin in your account in anticipation of growing its price. You will have both stability and the opportunity to go upwards according to market conditions. This is a case of flexibility and security whereby you are able to receive crypto payments without fully exposing your business to the volatility of the market.

I think people need to act very differently, when they buy Bitcoin as an investment and when they received Bitcoin as payment for their business. I didn't say that they can't do both at the same time, but the need to separate the fund.

Agreed that it's also created as a means of payments but holding it is very important to an individual and as well a business man but looking at the area of buying goods with it as it's not been converted to a simple fist currency could be very challenging and you need not to be in a rush. Mind you you can choose to purchase the goods in the shop by waiting awhile when everything goes down but again you can as well convert to another easier currency inorder to make payments. This is why it's advisable to have a third party funds that you can run to at anytime when such issues occur, having backup funds usually be of help in this situation do it depends on your decisions.

That's not just all, OP always have his decisions to make in the sense that he must choose to either convert all his Bitcoin to Fiat or just some, with the expectation that the unconverted Bitcoin can still generate more profit to his business if the price of Bitcoin surges high. We know that the price of Bitcoin is dynamic, the Price can spike when you don't expect and it could happen just after converting your Bitcoin to Fiat or reverse can be the case.

It only allows if all transactions rely on bitcoin and bitcoin value in my opinion, it will be very difficult in the future if all of this depends on the value of bitcoin in terms of buying and selling or doing business because it has a very high price fluctuation, third party funds in cases like this are quite helpful in Make a repurchase, but it would be nice when someone bought better after that was converted directly with the currency that was trusted more stable. So there is no need to wait for the stock of goods in your store to run out then exchange the bitcoin, this will be a big risk if the Bitcoin sentiment from bullish to bearish.

You seem to be missing the point because the post is talking about the feasibility of integrating Bitcoin payment in businesses considering the volatility. You can't treat Bitcoin that should be used in running a business daily the same way you will treat that which you are holding in your wallet. In addition, you mentioned emergency funds for a business that want to integrate Bitcoin payment, I don't know how you arrived at that and what will be the purpose of such funds. What I was expecting is that part of the funds should be held in stable coins or fiat while part can be left in Bitcoin, this way there will be no serious distortion of the cashflow when there is little drop in price.

Bitcoin price is not fixed.  So if a businessman accepts payment through bitcoins then he has to convert those bitcoins into a stable coin immediately.  Otherwise, it will become very challenging to manage his stock regularly because short-term investment in bitcoins most of the time brings losses.  And a businessman will never be able to hold the money from selling his goods or services for a long time.  Because his money has to be re-invested by the representative.

If @OP is too afraid to lose when the price of Bitcoin dip, the only way for him to avoid that is the instant conversion of the payment in Bitcoin.  He can modify the setting if he wants to preserve some percentage of transaction in Bitcoin in case @OP decided to hodl some part of the Bitcoin transaction.

One thing should @OP make sure of is his supporting fund for his business, he should allocate the same amount of money as backup for his acepted Bitcoin payment if he decided to hodl so that his business won't lose its fundings.

I've also thought about this before. But if you are actually interested to accept bitcoin, do not just see it as a means of payment but use it more as your long-term investment. Yes, it's highly volatile so you have to set a limit on the amount you will receive whether for daily or weekly basis, and still reserve some fiat funds so that you can still cover up your expenses and roll your funds to make your business stay longer and prosper more.

There are 2 ways to look at this.

1. When Satoshi created bitcoin, he had a vision in mind that bitcoin should be used as a P2P payment method.
So it does not depend on any other asset or any 3rd party to derive it's value. We are the one who derive the value.
If you are selling something for bitcoin then you should know how many satoshis you want to sell your product.
It doesn't necessarily has to be a USD equivalent amount but an amount in BTC directly.
For example: 0.001 BTC will always remain 0.001 but $100 worth of BTC will keep changing according to the exchange value.

2. On the other hand, bitcoin has allowed us to use it for multiple purposes and not just what it was intended to.
Bitcoin has enabled us to use it for cross border payments but with the catch that we have to exchange it to fiat regularly to get the fiat value of it. So if you are someone who has to get the fiat value then you have exchange your coins regularly.
The frequency of exchange obviously depends on your personal choice.

The solution to this is very simple, businesses can convert their Bitcoin to fiat quickly from an exchange, they can use popular exchanges for this. That way, they can not only accept Bitcoin, but also overcome the problem of sudden price drops when they hold it for a long time. Because in accepting Bitcoin as payment in business there are several things to consider, since it is different from fiat, so businesses that accept Bitcoin in their business need to think of some ways to overcome the problems that may arise when they accept Bitcoin as payment in their business - and whether they accept/not Bitcoin, as a business, they need emergency funds and it is the main thing in business to prevent financial problems.

Bitcoin is a digital currency, it's not like Fiat so if anyone should introduce the use of bitcoin for their business then let your vendor also be a bitcoiner since you want to use bitcoin for trading so that when the price of bitcoin falls after you bought your goods at higher price, the vendor will have an understanding with you and also reduce the price when you want to make new orders. You see this is one of the challenges that people who uses bitcoin as a means of payment will face because it will take someone who understands volatility to be able to apply adequate measures when the market goes sideways.
         Another thought i have is what if after your vendor reduces the price of his markets and sell to you and the price skyrockets again which means you will also be selling your products at high price to your customers and this doesn't really make a balance equation because some times you will experience losses and sometimes you also gain. I think bitcoin stands better in the hodling aspects than trading. You shouldn't even have the thought of using your emergency funds to restock your market because the reason while emergency funds are being set aside is for unforseen situations that may occur in time coming, expenses you didn't bargain for like health issues and all that so if you tamper with it and an emergency need comes how will you be able to manage such situation?

Long-term Bitcoin investors have more benefits than short-term investors, and people accept Bitcoin as a medium of exchange, especially for people controlling small-scale businesses that depend on the money made to buy new goods to keep the business running.

If you don't have another means of getting money for your Business, then accepting BTC as a payment method might not favor you if the market trend is downward; but for people who have enough money outside their business money that they might be willing to use for Bitcoin investment, they can accept the BTC payment and use their money to replace the money for the business, but if you don't have enough money, it is better you use some of your profit to buy Bitcon using DCA method because if you as a small scale business person accept Bitcoin, you will lose some money due to transaction fee whenever you are withdrawing your Bitcoin and if the market is down, then it is another lost.

The problem that OP is facing comes from using 2 different systems at the same time. OP wants to use bitcoin as payment for goods, but also fiat money to get supplies.
Any problems that come from difference in prices over a period of time can be easily avoided by using 1 system. OP should simply strike deals with suppliers that accept bitcoin and are willing to allow advances, so that when OP feels like he can get more goods for bitcoin than he'd on average on that given year, he can order another shipment in advance.

For those lazy people, there are payment processors, so they can act like they accept bitcoin but transact in fiat.

Although simple, it may be much more difficult when practiced directly because sometimes there are limitations in understanding technological needs. Not all places are suitable for accepting payments using bitcoin because of various problems that occur and maybe the trust of people who do not fully understand bitcoin speculation. I want to give an example of something simpler and perhaps for the area where I live, using legal payments with bitcoin is prohibited and if done, it will actually have an impact on the applicable legal process.

But even if people insist on using bitcoin payments, they should have alternatives. For example, having a reserve fund to fill bitcoin and that too is saved as an effort to avoid emptiness when the price of bitcoin experiences a maximum increase.

This is a great topic of discussion and one in which I have more questions that answers myself.  One thing that I would say is I like the fact that you pointed out that bitcoin, the very first virtual currency, is not just an investment, or inherently and investment but at it's core it was created to be a digital currency.

Perhaps you could start off small and accept a smaller amount of bitcoin payments until you started feeling more comfortable with the whole process.

I think that's called having a diversified portfolio or/and risk management. Having no cash is never a good idea because you'll never know when you'll see a new bargain. What happens they your favorite asset tanks in price? You sell/short it? If you do that you'll never get rich. A smart investor buys cheap and sells high. If the asset is solid fundamentally, you should buy more when it tanks.

That's exactly how you run a real business too. Let's say you own a shop that sells various stuff. When do you restock your inventory? When the prices are low or high? You do that when the prices are low and dump everything when the prices are high. The same logic applies to investing as well.

As a business man before accepting bitcoin for payment their is need to have understanding of bitcoin that it is volatile and since bitcoin is volatile in nature it is important to make plans , if you are accepting bitcoin to hodl bitcoin or if you are accepting it for payment to spend it immediately or convert it to any other currency, there must be reason why you are accepting bitcoin for payment, maybe it is the available currency a customer has for the moment to make payment and you just have to accept it and after accepting it you must have plans on what to do. If it is a business which you depend on the profits to stuck back your business and if the price drops, it can affect your business for you to put back things.

For business people who will always need money for business,  I think after accepting bitcoin from customers their is no need to hodl the bitcoin if you are not ready to invest it for longterm because if it is money you will still need at any moment and the price of the market falls it can keep you stranded.

Adaption not as fast as whom expected?

But anyway, i don't think that the end game theory of bitcoin was thought out. It makes sense as "digital gold", but given the fact that no one knows what the max marketcap for this could be, it doesn't make much sense to use in similar way as fiat money. People seem to think that fiat money is worthless because it has inflationary mechanics, but that's actually why it's useful, and why people want to spend it. If it didn't have inflation, or if it would work similar to bitcoin or gold, people would rather hoard it.

I have always not been a fan of accepting Bitcoin as settlement of trade for goods and services but some people like the idea of accepting Bitcoin for settlement which I see as a choice and what you ask really matters. What I know some of the people that accept Bitcoin to for goods and service does is that they accept Bitcoin because they want to accept it and keep, they have extra cash somewhere to restocked their goods and things they sell to customers.

They keep this Bitcoin until another bull market before they sell them off since they would have made alot of return on their investment. Some of them do this things because of love for Bitcoin and not really because of the adoption because it does make sense for a business owner that want to make money everyday and rebuy the items on his shop every day to generate profits for sustenance and take of his bills.

As a merchant that accepts BTC, if so many of your customers pay with BTC, then i believe you should use a payment processor to convert the coins you receive into fiat, except you have external funding that can keep the business running, without necessarily liquidating your BTC. I have heard from some bitcoiners that accept BTC in their business and they more or less take it as an investment, since majority of customers pay with fiat, they just hold the BTC.

There is no evidence to prove that bitcoin was not created for investment because satoshi nakamoto programmed a bitcoin to the extent that it will serve for different option that is why currently you can use Bitcoin for both investment and also for exchange of goods and services even for purchasing of things I will say that there's nobody that knows the plan of satoshi to bring Bitcoin as a currency, for me I will say that he brought bitcoin for investment majorly and also for transaction between intercontinental countries so that it will be a fast approach of people to receive it currency from their country to another country without weekly delay or monthly delay before they will receive what has been sent to them, even investment is one of the things that made the Bitcoin to be into existence today, so there is no evidence to show my bitcoin is not meant for investment from satoshi

Bitcoin isn't the first cryptocurrency created, there has been some previous which failed,  bitcoin got to be a success opening the floodgate which today many say it's the first cryptocurrency to be made. Whether it was created for investment or as a means of payment it doesn't really matter, what matters now is what you choose to use it as to meet your financial challenges in the backdrop of fiat failure. As businessman receiving payment with bitcoin on order to prevent losses when price falls due to the volatility of bitcoin, am instant conversion to stablecoin is a seamless way to save losses in as much as you don't planned on hodling the coins.

Adoption isn't fast? I don't think so, we've got a lot of these huge financial companies that have started to adopt it. Understanding the topic from the perspective of the businessman receiving payments in Bitcoin and due to its volatility is one risk being a recipient of it. This is where it should that everyone who deals with this kind of transaction should have spare funds for supporting the business in anyway whether it's with buying stocks. I think it's on point and many don't see this risk before deciding to just receive payments through Bitcoin. In that means, one way is to just go with a third-party and have it converted in real time into stable currency, USD, etc.

What I can tell you is a way to prevent ending up in this situation. Once you get the payment in bitcoin, you can exchange at least a percentage of that bitcoin to stablecoin or fiat whichever you want to serve as a back up plan. Don’t hold everything in bitcoin as we all know the value is indeed volatile and while using it as a payment method we can’t deny that it still has its risks.

You would also need to come up with strategic purchasing of supplies. Depending on the nature of your business if you can buy as much when bitcoin’s price is still high then by all means do that so you wouldn’t experience shortages.

this is one factor you have to consider while trying to use Bitcoin as a medium of payment in your business because it must certainly play out since Bitcoin is a volatile asset. I would rather have Bitcoin as one of my payment option and not the only payment option due to it volatility and the fact that transaction fee can possibly go high at the point I might be in need of the funds for possible restocking. Two scenarios can possibly happen. It's iether the volatility goes in my favour or goes against my favour.

Can we say that as it stands now, Bitcoin can be used as a payment option for the short term? I doubt it will work well. Though with the expectation that Bitcoin will surge up comes to need to accept as much as one can get but that's only best if you're accepting it for the long term. Business need cash that's floating so when you're in need of cash immediately, you wouldn't sell in loss just because you're in a DIP at the time. My conclusion is that bitcon might not necessarily be the best option to be considered when you're intention is to do regular buys and sells since it's possibly it can DIP at any time.

Like you, I don't like the idea of ​​using bitcoin as a means of payment for businesses. As far as I know, not many people like to use bitcoin for payment, most of them just want to keep bitcoin as an investment to earn profit, they are very reluctant to spend their bitcoin. While some people will use a converter and convert bitcoin to fiat immediately after receiving payment, why don't we just use fiat to avoid the hassle?

Also, if they really want to invest in bitcoin, it would be wiser for them to proactively buy bitcoin instead of accepting bitcoin as a means of payment and turning it into an investment. Because in my opinion, if we actively buy bitcoin, we will have the opportunity to buy at a cheaper price.

You have actually pointed out another major obstacle that I think is definitely going to be a problem in using it for your day to day running of your business, which is his transaction fee, just as you rightfully pointed out, business needs cash that is floating, and the volatility of it can really be unpredictable, though it might go in your favor, but when the dip comes, the dip will be too heavy for you to carry, mostly when it's not what you planned.

Then as for the transaction fee, it's actually another problem when doing business with it, especially when it has gone high, because you will be asking yourself how much you want to gain that you will be paying such a huge amount as transaction fee when it transaction fee has gone high, so in essence of what am trying to say is that it's really not ideal to use in running a business daily, because the way Bitcoin is structured, it's more favourable to long term holder than those that are trading it daily.

Yeah, there should be a supply of stables or fiat to cover that up, just like you said.
Otherwise, the volatility of the BTC would ruin the business of a person.

Bitcoin Whitepaper (https://bitcoin.org/bitcoin.pdf) by Satoshi Nakamoto

This statement above from the original Bitcoin whitepaper should be enough proof that Bitcoin wasn't created to become an investment asset, however, Satoshi or his colleagues, friends, and companions might have known that Bitcoin would be a volatile asset based on the fact that it has a limited supply, and when supply is limited and demand increases, the value tends to go up.

If I remember correctly, I read somewhere that Satoshi once said that within a decade from now, there will either be a lot of transactions in the blockchain or none. My reference might not be perfect, but he meant that Bitcoin would either be too famous or no one would know about it.


We use Bitcoin as an investment asset because it has gained so much attention around the world and it has a limited supply so it tends to go up in value over time when the demand increases further, but you are wrong when you say it was created majorly for investment purposes because that isn't true.


I just showed you the proof above that Bitcoin wasn't created to become an investment asset.

As the merchant, it is your customers that have to worry more about tx fees, because they cover the fees when they are spending in your store and you only have to cover fees when you want to liquidate your BTC for fiat.

The question you should ask yourself is how many % of your customers pay with BTC, if the number is not much, you can then liquidate BTC only on a mothly basis, that way you'll be lucky enough to carry out your tx when the mempool is free and you will have enough fiat to take care of your business without being in a hurry to sell off your BTC. Now if most of your clients pay with BTC, which is unlikely, use a payment processor.

Bitcoin is a digital currency and indeed many people now use BTC for investment assets, but there are also those who use BTC as a means of payment. Yes, the process of adopting BTC definitely takes time and up to now of course there are still people who don't know about BTC. but of course over time I think the number of people adopting BTC is increasing and of course this is good progress.

Indeed, a businessman will certainly think twice about using BTC as a means of payment because yes, the reason as you mentioned is because of the fluctuations in the price of BTC, which of course means that people who receive payments in BTC will have the potential to make a profit or potentially lose because of course the BTC price is the same. always up and down.

In my opinion, if a company or shop accepts payments in BTC, it will certainly have the potential for bigger profits, but of course for people who can sell BTC prices when the price rises. And of course, it is also possible for a company or shop to receive payments in BTC, which will potentially suffer losses if it sells BTC when the price of BTC is falling, for example receiving BTC payments when the price of BTC is $60k but the BTC is sold when the price is $58k. In my opinion, if a company or shop wants to accept payments using BTC, of ​​course it needs very large capital and the capital must be really large with the aim that when we fill our empty merchandise we don't sell BTC if for example the price of BTC is falling. So of course, only sell BTC when there is a profit, so in my opinion, in this case, large capital is what is really needed for companies that are interested in accepting payments using BTC.

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.

He should also understand the extent to which customers are willing to accept bitcoin payments because forcing bitcoin payments should not make his business worse. Not all places people choose to pay for things with bitcoin and it would be very dangerous if he forced people to use bitcoin and should have offered the option as a convenience measure for his customers. Many people prefer bitcoin as an investment asset rather than using it as a means of transaction like fiat in general.

The reason is because of the habit of everyday use which makes people a little worried about this method. This is different if this is the case in El Salvador because it does not have an official currency like most countries so implementing bitcoin as a means of purchasing would be much more easily accepted.

In this matter, it is better to still use fiat than moves into Bitcoin because there are an unstable fees that happen to Bitcoin. We may not know when that will appear but that can happen anytime. Yes, it is better to hold Bitcoin for a long term than receive as a means of payment. If you still want to do that, make sure Bitcoin is legal in your country but I see in @OP's country, Bitcoin is illegal so that will not good for him to accept Bitcoin as a mean of payment no matter if his customer asking for that. And with the volatility of Bitcoin price, that will not make someone happy to pay a high fee of transaction so he will choose to hold his Bitcoin than to use it as a mean of payment.

Bitcoin is good for a business owner or runners too, you just have to understand what you are getting yourself into.

1. Make sure your customers are ready to pay you in BTC.
2. Make up your mind on what to do after every successful transactions, exchange to USDT or move into your cold storage for long term.

I am a fashion designer and I still accept Bitcoin as means of payment, but since the last high congestion on Bitcoin network accepting BTC have reduced a lot, here is what I always do with my Bitcoin.

Once a customer paid into my BTC address I store the profit in a hardware wallet and swap the rest to USDT, I have to, this is the only way to use the money to restock some goods back in store, and patiently pray for another customer.

Being a business man, you ought to understand that in business, you either loss or make profit. It’s just how it is when it comes to money.

What’s there to also know is that, if your accepting Bitcoin for a means of payment for goods and services as a merchant, you ain’t taking just the currency but actually reinvested in a digital asset which in this case is Bitcoin.
Variety in means of payment is mostly due to customer and merchant convince but, Bitcoin payment extends to an investment.

If you’re concerned about volatility, your best option would be to sell the coins you received or perhaps swap it for a stablecoin and hold till you’re ready to restock. Otherwise, you’ll just be well grounded on how the Bitcoin price works and be open to its outcome when you’re ready to restock. It’s always going to be a profit or loss outcome.

Actually, bitcoin was never created for investment purposes. You correctly noted that the initial idea put into bitcoin was a means for payments for goods and services.

Reality doesn't necessarily have to match expectations. :)

For any business that accepts bitcoin as a means of payment, volatility is a headache. I believe that all income received in bitcoin should be classified as investments (for several years ahead, at least) and excluded (temporarily) from the business turnover. Because when the price falls, it will be unprofitable to "cash" these bitcoin and, in a sense, the income received in bitcoin is temporarily "frozen", because it cannot (unprofitably) be "extracted" into profit or directed to support and development of the business.

It is better not to allow such a situation, for which it is necessary to have reserves, and income in bitcoin should be “temporarily excluded” from the company’s cash flow.

I believe very few people use Bitcoins as a mode of payment. Bitcoins are very rare and fixed in number. So people know that if the demand increases, the price will increase. Hence, people treat Bitcoins as only a digital asset to make money. I know that some businesses accept Bitcoins as a mode of payment, but you also need to understand that these are big brands. For the stock shortage, they have hard cash/fiat to fill up the shortage. They have just added Bitcoins as a source of payment to increase their sales and revenue.

It's for holding for those that have enough money to hold and not for small business starters that might just want to start accepting bitcoin for their business for such kind of people they need to sell sometimes in order for them to restock their shop. 
 
But if it's for those businesses that use bitcoin as a point of reserve, then they will only consider selling when they have made enough profit and not thinking about how the price of bitcoin is moving.

What we have seen companies do is to sell their bitcoin immediately as they receive it, so there is no large difference between the price at which they got that bitcoin and the price at which they sold it, this allows them to avoid the volatility as much as possible while they retain the fiat value of the bitcoin they got this way, which I think it is a fair compromise, as even if I believe in bitcoin and what it represents, that does not mean that businesses have to hold the same opinion I have.

Using Bitcoin as a digital asset is what is trending and not using Bitcoin as a mode of payment. There was a time when everybody wanted to accept Bitcoin as a mode of payment and company usually announce this decision but something changed and they began to pull back. The congestion became a problem and the delay in transaction too. Other mode of payment are looking more better than Bitcoin presently and we shouldn't expect business to leave those options and go for Bitcoin that can make them to lose the values of the profits that they have made when they hodl Bitcoin. They can also make more but people prefer to look at how much they're going to lose.

First of all the Dollar itself already losses its value for decade now, and Bitcoin payment is not new Country like El-Salvador using bitcoin as legal tender but the other gov seems don't like it, there is news that tell The IMF has been asking El Salvador for changes regarding bitcoin since 2021, when the Central American country established it as a legal tender. https://finance.yahoo.com/news/imf-urges-el-salvador-again-215246529.html

And as for now there are bunch of processing payment like the well known bitpay or coinbase commerce that basically can turn your bitcoin into fiat directly after the transaction so you don't really care about the up and down

This can be a cause of concern as businessman will have to re-import their products when their service ends. It will also affect those who are small traders or businessman. It would be beneficial for a trader if he can make bitcoin transactions at regular intervals without having to use bitcoin regularly. Or if he sells 10-15% of his business through Bitcoin he can retain that money which will also help his Bitcoin investment. He will be able to make more profit than his business through that investment. But after keeping 10-15% in Bitcoin he must consider whether the amount he is profiting is causing any problems in running his business. Because there are many businessmen who are not able to run the business without a certain amount.

The volatile exchange rate is something that can definitely make it difficult when having to buy supplies for your business that are priced in fiat. When you are selling a product, ideally, you want to have good margins. If your margins are too slim that you would lose money when the price goes down, I would consider swapping some of the BTC you received into stablecoins or fiat. Keep a small amount of BTC for savings and use the fiat to pay your expenses.

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.

Not 'also', because that sounds that the currency use of BTC is only secondary, when in fact it was main. People who hold a BTC can have two reasons. One does it for investing, while the other is idling it for a while, for later use. Each BTC feature has their own importance but even without a BTC, it is still possible for us to live and there are people who are not even in BTC yet but still does well in life.

There are also people whose life was ruined by BTC, though it is also their fault on why it happened. BTC is now known and like we said earlier it is a currency, so we can just use it directly. I agree that it's important to have a backup fund (preferably fiat), since it was physical and ready to use anywhere.

People who have thought wisely will always make a plan that is so good and also mature enough for the long term when they want to invest. And in terms of choice, of course, it will be more directed towards Bitcoin because now there are many people who have realized that Bitcoin can indeed be relied on for long-term investment even though its price changes are always there and always visible in the market. But choosing Bitcoin as an investment will always be more appropriate for every investor so that now there are still many investors who buy Bitcoin and try to save it for the long term as their own best asset.

Your narratives is one big reason Bitcoin should be mostly viewed on a long term perspective, a lot of people makes that mistake of thinking that they can easily rush in and out with Bitcoin whereas the reverse is mostly the case, surely it is a digital payment method but yet volatile in nature which is more like a factored functionality which has made it very interesting. However, since Bitcoin was not created to fight against fiat system but to offer certain level of financial freedom from government authorities such as banks, it gives higher level of privacy when it comes having a total control of our money, personally it is best that we figure out what Bitcoin can really do for you as every point in time which might be different from others. Holding Bitcoin has always been the best option for value appreciation over time, working towards building an emergency funds some where to 3 to 6 months worth the size of your living expenses is always advisable which is to be kept where it can be easily accessible.

Actually, it is not that big a concern because in the end when a merchant wants to start adopting bitcoin as a payment option, of course they are aware that there must be a situation and condition that is indeed unexpected or some problems like this are certainly a consequence so they have certainly thought of alternatives for this.

There are several things that can be done such as when trying to directly transfer their daily transactions or making some optional by adjusting the circumstances because even though traders adopt bitcoin as a legal tender does not mean they do not apply business management considering they do it for profit and for now the adoption of bitcoin as a legal tender by some traders is actually not motivated by those who are trying this as something that should be but this is also a promotional event for them to have an attraction among consumers because most of what I see now paying in bitcoin until now the main reason is sometimes just wanting to try it so that when there is a shop or shopping center that uses bitcoin as a payment method it will be considered to have its own appeal.

Yeah, I also saw a thread about it there, a car shot had a BTC option as method to pay, it's cool, but if you are not the owner, it may be seen as to avoid taxes and such ;D
I do think that the adoption of BTC will continue, however, it will be a strategic resource, digital oil, whereas some other coin better suited to be a currency would take that place. LTC, for example.

If you have to buy new stock frequently for your business and a lot of your customers pay you in BTC, at least > 40% of payments received is in BTC, then you have to use a payment processor and convert your BTC to fiat immediately you recieve it. However, like i and a few others have already said in this thread, if only a small portion of your customers pay in BTC, you can hold the coins for a longer time and buy new stock with fiat.

Yeah, it all depends on the business we are talking about, realistically, many factors should be taken into account before even proceeding with BTC as the payment or the main source of it.
And yet, which business would have >40% of its pay got from BTC, I wonder..

Yeah, that's another thing, very few, if any. Right now so many bitcoiners want to hold their BTC for profit alone, and they are unwilling to spend it, but it is understandable if you look at it. I know there are businesses around the world that receive payments in BTC, but i don't think payments in BTC will be even close to 20-30% of payments they receive, however, this stat should improve in the future.

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.

For now, that remains a dream unrealized. Maybe in the future, this will change, but I wouldn't believe in it, rather doubt it ;D

There is still a risk even in the long term. Many just don't realize that we're all taking risk even if we're holding for so long because we've just learned it as our patience taught us to be.

Just always stock some cash if it's about to support the financing of a business. It's true that most people still prefer to pay things with cash but we're starting to see that the adoption is increasing and therefore, at some point in time, there will be folks that will like to pay in BTC or any preferred crypto to at least support the crypto economy by spending.

When a businessman accepts bitcoins as payment for his business, he must automatically convert bitcoins into stable coins after making bitcoin transactions, otherwise, if bitcoins fall during dumping, his business may suffer huge losses.
Moreover, this is the biggest hindrance in the case of business because if you want to accept Bitcoin as payment, you must face this problem and the businessman who accepts Bitcoin as payment must face losses when calculating at the end of the business because Bitcoin constantly goes up and down, in which case a businessman has his capital up and down. If he does, he will definitely suffer heavy losses during dumping at some point.

Bitcoin adoption will indeed continue and will continue to expand until Bitcoin has more holders at some point. However in terms of paying for anything I would still rather use something else than throw away Bitcoin to get something else because Bitcoin will not be equivalent to anything else and will not be interchangeable with anything else despite the many other terms that many people can say about it. LTC is good, but it is only an option to throw away or to pay for something rather than exchange Bitcoin for something.

If we intend to convert bitcoin into stable coins after making bitcoin transactions, why don't we pay in fiat from the beginning to avoid wasting time or unwanted incidents? What is the benefit of using bitcoin? Honestly, I don't see any benefit of using bitcoin in this case.


In my opinion, if we do not plan to use bitcoins paid by customers to turn them into investments and hold them for the long term. We should not adopt this idea because using volatile assets as a payment method for businesses will only bring more trouble than the benefits we get. We need to consider the pros and cons of using bitcoin in our business, the company's interests must come first, don't use bitcoin just because it's our hobby.

This is good if you are accepting bitcoin only for the sake of having it as a mode of payment. But if you have another goal why you chose to accept bitcoin, like holding a sufficient amount of it and just sell when there is new ATH, then having it's volatility is a good option. However, the best solution I can suggest is set a limit amount for bitcoin that you will receive per daily transaction, and not just accept every now and then until you realized in the end that you have no fiat available but all have been paid in bitcoin that becomes a threat when volatility becomes high.

As you portrayed above, that bitcoin will be advantageous, yes of course, bitcoin yield positive if you know the systematic ways to apply bitcoin to your investment, their is every tendency that if you use bitcoin as means of accepting payment in your business, it can enhance the success of your business during the time the price will skyrocket or experience a bullrun, the thing is that people always taught of the disadvantages aspects of bitcoin but they don't think of the advantages impact of bitcoin when it come in terms of business, when you have extra funds to run your business, I can encourage you to accept Bitcoin as a means of payment because of its volatility, because once you are a bitcoin holder and probably the price increases in the market, its obvious that you will be a beneficiary of the sudden increment.

You can be different and it will attract customers to you. I do not know which region you are located at but if you are in a region that the government are not against Bitcoin, you can accept it for your business as it also helps in the adoption of Bitcoin because we need smaller businesses to start accepting Bitcoin since the bigger businesses are not accepting Bitcoin. You can accept Bitcoin and not lose  because you are not thinking about selling now but hodling for Bitcoin to get to new highest price before you sell. There are many users that are looking for where to spend their Bitcoin and other cryptocurrency therefore if you provide a place for that to happen, you can make a money from the small commission or charges that you will be adding to the service that you are offering.

I know by holding it bitcoin alone then you can still made profit from it, but you missing the point frennn the OP Asked "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?"

Meaning that the merchant always needs fresh cash to keep the store running. I mean accepting bitcoin as payment and turn back into fiat is okay In my opinion this is the first step.
The best option in my opinion is just to keep the slice of profit in the bitcoin so you just don't turn all the money into fiat

Overall, the ultimate goal is that we should try to hold as many bitcoins as possible and hold them for as long as possible to make a profit. If that's what you mean then I think we just need to run the business well and use the profits to invest in bitcoin. We don't need to complicate holding by applying bitcoin to our business.

I don't know what OP's purpose is in applying bitcoin to his business. But if the purpose is just to collect and hold bitcoins, he can buy and hold whenever he wants, he does not need to make bitcoins a payment method for business.


OP, Satoshi created bitcoin as a means of payment but I guess he didn't think it would be so volatile, and I think with the high volatility of bitcoin it's really not suitable as a means of payment or currency. It brings more risks than benefits when we use it as a payment method for our business.

The trader's math is fast and I think if the OP is ready it's no problem and even if the goods the stock in the store runs out can submit several options to the distributor in terms of payment with fiat later. In addition, traders usually have reserve cash that can be used at any time without having to sell their BTC ownership from the sale of goods in their store when the price is corrected.