🛑 Aren't you doing this Mistake too?🛑 When Bitcoin is Payment System ✅

[pankowri]

I don't agree with you regarding this statement. Taking bitcoin as a payment is a great change to me to be digital. In here, our government has a vision to make our country digital within 2021. By the way, here cryptocurrency is not legalized yet. There has a price ups and downs issues because of market fluctuations. But you can count the current rate whenever customer will pay for it then you may recover. For creating more demand, Bitcoin can be accepted easily as a payment method.

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[witcher_sense]

I partially agree with the OP. Bitcoin is so volatile that its price may fluctuate substantially throughout a single day. That is true. Bitcoin and cryptocurrency market as a whole is a new asset class, which means not everyone understands it and is willing to take risks accepting it as payment. Many believe that bitcoin is more a market good, a profitable investment, a hedge against governments managing fiat economies. However, bitcoin is advancing, it is gradually evolving into a store of value, and after it succeeds, it will eventually become a means of payment. How can bitcoin volatility be decreased anyway? For bitcoin to be less volatile, the demand for it should be stable. In my opinion, those business owners who really believe that bitcoin is our future should accept it in payments in order to increase the demand for bitcoin and the level of its adoption.

[kotajikikox]

There are different reason why a Businessman will accept Bitcoin Maybe he wanted to accumulate bitcoin so He tend to accept Bitcoin as Payments but will just Let the coins in His wallet and the he will replace by fiat on his own pocket in this point He can purchase Bitcoin in lower value because the selling amount of each items is surely has added percent of his profit.

and also most people that accept Bitcoin as payment don't look at the value instead they take it as is.

I don't agree with you regarding this statement. Taking bitcoin as a payment is a great change to me to be digital. In here, our government has a vision to make our country digital within 2021. By the way, here cryptocurrency is not legalized yet. There has a price ups and downs issues because of market fluctuations. But you can count the current rate whenever customer will pay for it then you may recover. For creating more demand, Bitcoin can be accepted easily as a payment method.

His concern is about the volatility and the value in Fiat and not about the Bitcoin it self.
He has a point if the business is not yet stable and only starting,but if this is already a strong one?for sure accepting crypto as payment will never hurt the business in terms of sudden fall.

[Smartprofit]

Indeed, Bitcoin is currently not very good as a means of payment. 

Firstly, its price is very volatile. 

Secondly, it has great value as an investment asset.  Paying for goods and services with bitcoins is similar to paying for goods and services with investment gold coins.  This is spectacular and pretentious, but completely pointless. 

Third, the number of daily bitcoin transactions is limited due to the small block size.  There are technological restrictions on the use of Bitcoin as a mass means of payment. 

Fourth, Bitcoin has the potential to become the world's reserve currency.  Therefore, it is advisable to store the first cryptocurrency, and not spend it.

[doomistake]

Bitcoin will still have price fluctuations in the future since it is Bitcoin, and I just want to clarify that it's not risky to use a payment. Maybe what you were saying is that the profits you could have in the long run if you are not going to spend it in a bullish market, therefore it's risky. But still, it's a choice if you'll spend it or not.

For me, the only problem I do have why I don't use Bitcoin as a payment is that the transaction fee, I think I can't afford to lose additional money on transaction fee if there is still fiat as an option.