I'm trying to accumulate Bitcoins at this point. If I can get a few Bitcoins a week through the shop, I'll just keep them in Bitcoin.
Which is how I foresee this going down.
If I accumulate more than I expect, I'll need a good reliable conversion service.
But I don't think that will be necessary.
There are a lot of factors to consider here, and I don't really have any experience with this to give any good insight. Nevertheless, I guess your strategy will depend on what types of goods/services you're selling, what your expenses are, and how much financial security you need to maintain to protect yourself against temporary price variations and crashes, which
will happen anytime, anywhere, and most likely, when least convenient! As long as you include enough of a margin, use some kind of volume-weighted average price to moderate your prices, and regularly cash out to reduce your risk though, I would think you should do well with btc.
Most important though, I think, is to come up with a strategy for what to do if the price does go down and you have a significant btc holding. Do you cash out early to cut your losses or wait it out? The same for if the price goes up, at what price do you sell, and make sure you stick to that. On the other hand, if your intention really is to just accumulate bitcoins, perhaps your strategy should be to remain oblivious to the price and just focus on the amount of btc you have instead of the amount of fiat it's worth.
It may seem like I'm giving some conflicting advice, sorry, I'm just thinking out loud (so to speak). What you end up doing depends on what is most important to you and your specific situation. Perhaps if you link to your shop and give us some more information of what you want to get out of accepting btc we could give you some better tailored advice specific to you
