Bitcoin Forum
May 01, 2024, 04:33:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: How do they managed ?  (Read 419 times)
Peanutswar
Legendary
*
Offline Offline

Activity: 1526
Merit: 1034


Top Crypto Casino


View Profile WWW
January 23, 2024, 12:49:35 PM
 #41

Companies or organizations accepting bitcoin knows already the possible chance of loss due to market volatility, seems like they are exchanging immediately those assets into fiat or stable coins to make sure to their net income is still good while supporting BTC as a payment method, and still, people have the option to accept another form of payment but still people need to consider the markets activity imagine you make a transaction with the BTC to buy items and still there's no confirmation at least but you already sent the funds it takes a lot of time consumes possible to get the item you bought and to get paid in the counter due to market congested.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
1714538032
Hero Member
*
Offline Offline

Posts: 1714538032

View Profile Personal Message (Offline)

Ignore
1714538032
Reply with quote  #2

1714538032
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Minor Miner
Legendary
*
Offline Offline

Activity: 2268
Merit: 1012


Be A Digital Miner


View Profile
January 23, 2024, 01:11:30 PM
 #42

I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?
No one tells us how they do it, it all depends on what the adopter's goals are.
If it were me, maybe I would hold it and not sell it until a certain time limit or at least when I make a profit instead of immediately converting it into fiat. This is a double opportunity to earn profits in addition to profits from the goods I sell. It's just that you still have to have a reserve budget to cover your business needs so that it continues to run according to plan.

There are risks to consider regardless of what decision the adopter makes, so it's up to them to do it as long as it's good for their business. Selling immediately or holding bitcoin long term is fine as long as they believe it is best to keep their business running.
What is clear is that the goal is to make a double profit, apart from making a profit from the goods sold, they can also make a profit when the price of Bitcoin has soared. In theory they don't need to bother buying Bitcoin, this advantage can make it easier for them to collect Bitcoin without having to go directly to the market.

In business there are always risks that need to be considered, those who accept Bitcoin as a payment medium have considered the risks involved. The percentage ratio of risk is smaller than the profit obtained based on their research on Bitcoin resistance to pressure pressing from various directions, makes them very confident in the marketing strategies used in business.

I do not agree with your thinking, I do not think that accepting bitcoin payments is for the purpose of increasing profits from bitcoin, but they want to diversify payment methods to increase the number of customers significantly. Additionally, if they really want to invest in bitcoin, investing in bitcoin directly is much better instead of accumulating bitcoin by accepting payments. There are too many problems to solve if we want to accumulate bitcoins by collecting them from businesses. Incorporating bitcoin investments into your business is no different than taking your everyday spending money to invest in bitcoin, and we always consider it a bad idea,IMO.

Let's do a small example: if you received payments when bitcoin was priced at 48k last week and now the bitcoin price is under $39k. And if bitcoin continues to drop to $25k, where will you get the money to supplement your business budget? How can you think that the risk ratio will be low using this method? By the way, do you own a business that accepts bitcoin?

Miles2006
Full Member
***
Offline Offline

Activity: 224
Merit: 149


Cashback 15%


View Profile
January 23, 2024, 01:25:00 PM
 #43

Since you used business as a reference, I believe those business cannot hold each bitcoin sent or rather they'll sell cause demand never seems to end and just imagine you keep holding bitcoin what will you use to buy the goods, note you're dealing with business not personal use, I believe each time they get paid with bitcoin they convert the bitcoin to fiat to be able to rebuy those goods.
Hardly I see small shops accepting bitcoin and mostly supermarket that accept bitcoin as a means of payment so you don't have to worry seeing a mall or supermarket accepting bitcoin, in any situation where you see a little shop accepting bitcoin then the person is a bitcoin enthusiast and they also have some strategy of handling such.

Onyeeze
Full Member
***
Offline Offline

Activity: 490
Merit: 151



View Profile
January 23, 2024, 11:15:54 PM
 #44

I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?
we are even predicting that in future bitcoin will be generally been acceptable because it is something that I have a very big Legacy so many companies would like to embrace Bitcoin and also ensure that a Bitcoin will help them to survive or to rise whenever they have a downfall because of what bitcoin is all about,so therefore companies will accept bitcoin and that will make the adoption of bitcoin to change from what it's now to another.

pawanjain
Hero Member
*****
Offline Offline

Activity: 2660
Merit: 713


Nothing lasts forever


View Profile
January 24, 2024, 03:22:44 PM
 #45

I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?

There are only 2 ways to get around this.

1. Exchange crypto to fiat on regular basis so that fiat value doesn't change much.
2. Keep holding until you are in profit and then exchange to fiat.

Depending on the individual's preference they can opt for any.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
yazher
Hero Member
*****
Offline Offline

Activity: 2170
Merit: 585


You own the pen


View Profile
January 24, 2024, 05:02:32 PM
 #46

We might not know but it looks like they have lots of extra income to cover their loss also they already calculated all of what would happen if the result failed and the conclusions would still be best for them to accept bitcoins as mean payments in their companies. Nevertheless, all they have already predicted is profit while doing it and they also want to be one of the major holders of bitcoin while accumulating it from their sales throughout the years. Since others are already doing it, the short explanations as to why and how they able to manage it, because they don't want to be left behind especially if it's come to earning more money.

.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
Shamm
Sr. Member
****
Offline Offline

Activity: 1064
Merit: 343


Hhampuz is the best manager


View Profile
January 24, 2024, 06:37:27 PM
 #47

I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?

There are only 2 ways to get around this.

1. Exchange crypto to fiat on regular basis so that fiat value doesn't change much.
2. Keep holding until you are in profit and then exchange to fiat.

Depending on the individual's preference they can opt for any.
Yeah and that's the reason why other businessman and businesswoman are too successful cause they are accepting bitcoins for the mood of payment which is pretty good enough cause they can hold the Bitcoin until the price will go up higher and then the merchant get another income for the prices going up. But for me it's hard to do it cause we all know that Bitcoin is for long term so there's a chance that you can not hold all your Bitcoins from the buyers cause you need to roll out your capital in order to grow your business.

█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█                             █
   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄          █
            ▄▄████████▄▄     █
     ▄▄▄▄▄▄██████████████▄   █
          █████▀▀  ▀▀█████▄  █
          █████      ██████  █
          █████▄▄  ▄▄█████▀  █
     ▀▀▀▀▀▀██████████████▀   █
            ▀▀████████▀▀     █
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀          █
█                             █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
|ROLLBOTS||
▄▄██████████████████████████▄▄
▀▀██████████████████████████▀▀
██████████████████████████
██████████████████████████
███████▀▀▀▀▀▀▀▀▀▀█████████
████████▀▀▀  ▄▄▄  ████████
████████▀▀▀  ███  ████████
███████▀▀▀▀      ▄████████
██████████████████████████
██████████████████████████
██  ██████████████████  ██
▀▀  ██████████  ▀▀
▀▀  ██  ▀▀
NEW|
       RLB      
WHITEPAPER
RLB LOTTERY
█▀▀▀











█▄▄▄
.
PLAY NOW
▀▀▀█











▄▄▄█
tygeade
Legendary
*
Offline Offline

Activity: 2086
Merit: 1058



View Profile
January 25, 2024, 03:18:32 PM
 #48

It depends on those who are accepting Bitcoin, I suspect that most of them will change the Bitcoin back to stable coin instantly right after the transaction is successful while some will want to hold, this is something I use to do before the high transaction fee made me stop, right now I prefer accepting Fiat and use that to buy some Bitcoin on Binance until I am ready to move the Bitcoin back into my hardware wallet.

Right now, my customers who are used to paying me with Bitcoin have changed their minds since the high transaction fee on Bitcoin Network, it's pretty hard to accept Bitcoin as means of payment now because many customers wont be ready to pay you using Bitcoin, they would rather use other means and hold their Bitcoin.

Bitcoin as a payment option only makes sense if the product they want to buy is very high in value, like in thousand of dollars then using $10 per transaction will be good or even more, but trying to buy anything in the hundred of dollars makes no sense to many and I don't blame them.
You could very well accept bitcoin directly into your exchange account, which means that you would be able to actually make any type of situation that would be just trading fee. If you get bitcoin to your binance account for example, you can trade between btc to usdt right away, and pay a very very few tiny amount for trading fee, insignificant amount to you, and you will be fine. I am not saying they all do that, I am just saying that this is one of the possibilities and shouldn't really be a trouble.

I believe that the best thing we could do at this moment would be just realizing that we are going to end up with a greater return one way or another, and should keep it going as much as we possibly could go for as long as possible.

Hyphen(-)
Hero Member
*****
Offline Offline

Activity: 798
Merit: 725



View Profile WWW
January 25, 2024, 03:55:52 PM
Merited by The Sceptical Chymist (4)
 #49

Companies or organizations accepting bitcoin knows already the possible chance of loss due to market volatility, seems like they are exchanging immediately those assets into fiat or stable coins to make sure to their net income is still good while supporting BTC as a payment method, and still, people have the option to accept another form of payment but still people need to consider the markets activity imagine you make a transaction with the BTC to buy items and still there's no confirmation at least but you already sent the funds it takes a lot of time consumes possible to get the item you bought and to get paid in the counter due to market congested.
If they will convert the Bitcoin to fiat or stable coin like USDT then why are they accepting the BTC payment method? and why not just accept fiat if they will convert it to fiat immediately?

We cannot completely say that this is why most companies accept BTC payments, but we can predict based on our points of view.
Bitcoin price is volatile and everybody knows, these companies accepting BTC payments are probably into bitcoin investment so that they will use that method to accumulate their desire for Bitcoin instead of going through p2p or going to centralized exchanges to expose their privacy. They will have extra money for their business to replace all the payments that are been made through the Bitcoin payment method to hold the BTC they accumulated.

Small-scale businesses without big capital may not survive this BTC payment method especially due to network congestion, market volatility, and price instability.If such businesses accept the BTC payment method, they will end up selling the bitcoin immediately to keep the business moving, and doing so might affect their business because the Bitcoin price might drop down before they sell.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK  
          100%   MULTICHARGER  
kryptqnick
Legendary
*
Offline Offline

Activity: 3080
Merit: 1384


Join the world-leading crypto sportsbook NOW!


View Profile
January 25, 2024, 05:42:13 PM
 #50

I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?
There are indeed a lot of strategies here. I think the most common option I've seen is using a payment system that instantly converts the payment back to fiat. This way, a customer can pay in Bitcoin, but the business gets fiat and keeps everything in fiat. Some, of course, allow themselves a little diversification, keeping some funds in Bitcoin and considering it an investment. That can also work quite well, considering that Bitcoin tends to eventually recover from the bear markets. I've also seen some companies keeping their budget in Bitcoin, but those were small businesses, and I do think that's too risky.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
Zoomic
Sr. Member
****
Offline Offline

Activity: 420
Merit: 252


My post made philipma1957 wear signature


View Profile
January 25, 2024, 06:14:47 PM
 #51

I believe any company or organisation who decides to accept Bitcoin as a means of payment already knows what is at stake and how to go about it. If Bitcoin payments was giving them issues, they would have scrapped the idea out immediately. It will be very difficult for small businesses to succeed with Bitcoin as a means of payment, considering the price volatility of Bitcoin, except the business owner just wants to gather Bitcoins temporary for holding while running his day to day business with Fiat.

For big organisations,  they can actually do this without feeling the impact. It's either they hold Bitcoins in their reserves or convert to Fiat immediately since the value the customers will be paying in Bitcoin will be same in Fiat.

Asiska02
Hero Member
*****
Offline Offline

Activity: 798
Merit: 673



View Profile WWW
January 25, 2024, 07:46:52 PM
 #52

I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?

Any company accepting bitcoin as a means of payment must have thought about it, the volatility nature of the market and how it will affect their business if the price of bitcoin keeps depreciating. Big companies that have large inflow of money in and out won’t be affected by the little volatilities we see in the market as it will not have enough impact on their total funds saved in bitcoin.

I am sure they have different strategy on how to still get their profits at the end of the business after collecting payment in bitcoin. This is something that needs an expert to know how to play around with the market and also the crypto market to arrive at a good profit at the end of the day. Collecting bitcoin through exchanges, converting to stable coins and other methods can all be used in their own advantage if they know how to manage it well.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!