For the first time since 2022 I have officially put an end to Bitcoin payments on my business until further notice, I have gave few people some discount advantages to spread news about Bitcoin and now I am not so sure anymore, I can't even afford $5 per Bitcoin transaction, and also my customers that are surety when it comes to Bitcoin payment have all halt.
I guess that would be the better decision because in the end, your customers will also not want to give additional 5$ just for the transaction fees aside from the amount of the things that they will buy. I guess for now, it would be better to accept altcoins that has lower transaction fees, or let them transact using Bitcoin on weekends only since there are little transactions at that time. Currently, Bitcoin's transaction fees starts at $1.02 (27 sats/vB), and comparing to where it was a few weeks ago, that's already low.
Ordinals looks like it's here to stay, I don't believe that Ordinals is like ICO because they are different. And Ordinals came in a bear market, imagine what this will do to Bitcoin in a bull market.
If it will stay, I guess we expect high transaction fees again once the bull market starts.
On the other hand, this is just a theory, and anything can still happen. What if Ordinals will not be that popular in the future?
Is there any business owners accepting Bitcoin still? How are you doing it? Is there any way to go around this? I will appreciate, because I don't want to stop accepting Bitcoin, I have my long term plan and accepting Bitcoin as payment have helped so far.
I guess some business owners who are doing the same as you shared what they're doing here already.
Better to stop it temporarily, or if you really don't then it might be better if you find an alternative like an altcoin. On the other hand, you can still try and convince your customers to pay in Bitcoin, but don't make it mandatory. I mean let them pay if they wanted to because there might be some of your customers who still wants to pay thru Bitcoin despite of the high transaction fees.