Am just curious, how would I go about this

[Z-tight]

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.

[Onyeeze]

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

[letteredhub]

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.

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.

[batang_bitcoin]

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.

[Reatim]

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?

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.

[Hewlet]

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?

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.

[Swordsoffreedom]

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?

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.

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.

[Barikui1]

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?

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.

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.

[fikrett]

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?

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.

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.

[Alone055]

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

Bitcoin: A Peer-to-Peer Electronic Cash System

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a
financial institution.

Bitcoin Whitepaper 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.

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

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.

so there is no evidence to show my bitcoin is not meant for investment from satoshi

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

[Z-tight]

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

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.

[Solokan]

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.

[AVE5]

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?

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.

[MarjorieZimmermanGinger]

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.

[jcojci]

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.

[Outhue]

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?

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.

[Smartvirus]

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?

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.

[m2017]

Bitcoin as the first cryptocurrency was not just created for investment purpose, it was actually created as a means of payment

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.

and to be honest, the adoption process isn't as fast as expected,

Reality doesn't necessarily have to match expectations.

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.

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.

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 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.

[Nrcewker]

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.

[Nwada001]

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.

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.