Topic: Am just curious, how would I go about this - page 4. (Read 1192 times)

You seem to be missing the point because the post is talking about the feasibility of integrating Bitcoin payment in businesses considering the volatility. You can't treat Bitcoin that should be used in running a business daily the same way you will treat that which you are holding in your wallet. In addition, you mentioned emergency funds for a business that want to integrate Bitcoin payment, I don't know how you arrived at that and what will be the purpose of such funds. What I was expecting is that part of the funds should be held in stable coins or fiat while part can be left in Bitcoin, this way there will be no serious distortion of the cashflow when there is little drop in price.

It only allows if all transactions rely on bitcoin and bitcoin value in my opinion, it will be very difficult in the future if all of this depends on the value of bitcoin in terms of buying and selling or doing business because it has a very high price fluctuation, third party funds in cases like this are quite helpful in Make a repurchase, but it would be nice when someone bought better after that was converted directly with the currency that was trusted more stable. So there is no need to wait for the stock of goods in your store to run out then exchange the bitcoin, this will be a big risk if the Bitcoin sentiment from bullish to bearish.

That's not just all, OP always have his decisions to make in the sense that he must choose to either convert all his Bitcoin to Fiat or just some, with the expectation that the unconverted Bitcoin can still generate more profit to his business if the price of Bitcoin surges high. We know that the price of Bitcoin is dynamic, the Price can spike when you don't expect and it could happen just after converting your Bitcoin to Fiat or reverse can be the case.

Agreed that it's also created as a means of payments but holding it is very important to an individual and as well a business man but looking at the area of buying goods with it as it's not been converted to a simple fist currency could be very challenging and you need not to be in a rush. Mind you you can choose to purchase the goods in the shop by waiting awhile when everything goes down but again you can as well convert to another easier currency inorder to make payments. This is why it's advisable to have a third party funds that you can run to at anytime when such issues occur, having backup funds usually be of help in this situation do it depends on your decisions.

That's one fear many businesses have, that such drops in price will strongly hit their ability to restock or cover expenses. Using crypto payment processors-much like those instantly converting Bitcoin for a stablecoin or fiat-makes sense. This reduces the risk of holding volatile assets and ensures you have stable money to run your business. It further helps merchants balance the benefits that come with accepting crypto without the downside of price fluctuations.

Diversify the money you have in Bitcoin, get part of your money now into stablecoins or fiat for currently existing business needs and keep the rest of the funds in Bitcoin in your account in anticipation of growing its price. You will have both stability and the opportunity to go upwards according to market conditions. This is a case of flexibility and security whereby you are able to receive crypto payments without fully exposing your business to the volatility of the market.

I think people need to act very differently, when they buy Bitcoin as an investment and when they received Bitcoin as payment for their business. I didn't say that they can't do both at the same time, but the need to separate the fund.

What I am concern from your story is the bold part.

Although you can accept Bitcoin as a means of payment, you can break the rules of your country because Bitcoin is not legalize as a means of payment yet. That will makes you in troule with your government. I would suggest you to back to use fiat and leave Bitcoin as the investment. That will stay you away from trouble from your government.

A seller from other countries that can use Bitcoin as a legal thing will not have a problem from their government. That will be different with your situation so you can wait until your government make Bitcoin legal.

Without that, you will only breaks your country rules so that will harm your business. But that is up to you because we can only suggest you.

Hmmm, I guess having emergency funds in your bank account would be the best solution for this one.
What I mean is that emergency funds that's in fiat currency.

Can I ask though OP if the supplier also accepts cryptocurrency? I mean there isn't that many establishments out there that accepts cryptocurrency as a mode of payment, but if that's the case, I think having emergency funds in the form of fiat currency would be the best option for you while waiting for the Bitcoin that you're holding to go up again. Can I also ask OP if there's anybody in your store that uses Bitcoin or any crypto to pay their stuff that they're buying? I mean with the current situation of the market right now; it would be better to just hold our assets instead of using it to buy things because you might loss some potential profits if you're using it to buy anything.

Anyway, good luck with your business, and I hope that it will be more profitable for you if you integrate Bitcoin in your payment system.

To answer your questions if my supply accept Bitcoin as payment, No, in my country it's not legalize as means of payment yet.

I brought this here because in as much as i trade and also hold Bitcoin as investment purpose, I also have a business running for me, a customer of mine is aware of the fact that I am into cryptocurrency, so he brought the suggestion of paying  for a large amount of goods he took in my shop with Bitcoin, which I agreed, he did the transfer as we agreed, so I was just thinking that how will I restock my shop if more of the same transaction comes in, and when am ready to restock, the price have dip, how would I navigate my way around such situation, and to also know how those business owners do in countries that accept Bitcoin as payment in such a scenario, that's the main reason I brought it here

Wait, does your supplier accept BTC payments as well? Can't you just convert the BTC to fiat when the BTC price is higher and buy items for your shop with fiat? I agree that most people fail at timing the market and sometimes the BTC price faces bear markets and severe drops, but there must be a way around this. BTC shorting is a thing. The BTC sellers could short their BTC to hedge the risk of a sudden price drops.
I also don't understand why do you have to adopt BTC as a payment method in your shop. Do you get more customers? I don't think so. Nobody would spend BTC for goods and services, if the BTC price goes up by 30% tomorrow.

This is a very critical question that does demands one to think outside the box. But on admittance I think this establishes one of the flaws of bitcoin in terms of using it in running business. So the solution should be that since bitcoin is not highly volatile as  altcoins are, the business man shouldn't stack like a normal bitcoin holder but should always endeavor to convert to stable coin at the shortest period of within 24hrs to avoid the risk of making loss after sells in bitcoin instead of waiting till he is ready to restock before doing so.

That is true because I have also asked consumers about this issue and most of them prefer to use fiat currency compared to bitcoin. Encouraging the use of bitcoin in a buying and selling capacity will be a little more difficult because now people understand fiat more than bitcoin, especially if local government regulations prohibit the use of bitcoin as a legal means of transaction. It will take more time to develop this possibility because new things are not easy to implement even though bitcoin has been around for several years.

Anyone may be interested in using bitcoin as a means of investment, but not everyone is willing to use bitcoin as a means of transaction. For example, I am also still quite interested in investment users compared to transaction users such as fiat because there may be several reasons for this.

Well I have been looking at all the replies here and it has really been helpful, and what I observe is that accepting Bitcoin as a means of payment can be really problematic for a business,  if you want to make use of the money in a short period of time,  unless the money is converted to fiat immediately.
Then another problem here is why can't Bitcoin strive without the fiat in business? Because the financial cost of receiving it as payments and still convert  to the fiat will definitely be there, unlike when you make a direct sells of your product in your shop receiving only fiat.

But in a situation like this, it makes perfect sense in receiving Bitcoin as payment, because they intend keeping it for a very long period of time, which I think it's the ideal situation.
But accepting it for short term use can really be more expensive for a business that wants to do a quick turn over.

For now there's no specific strategy or method to strike a balance between using bitcoin as a means of payment in a business and using it to restock your market, the only solution for someone who wish to use bitcoin as a means of payment both receiving and sending is if the trader he makes purchases from understands the market volatility and fixes the price of his goods to be in commensurate with the current price of bitcoin as at the time the buyer is making purchases.

Originally a currency, the falling and rising value of Bitcoin can become real problems for businesses that accept it as a form of payment and then convert their fiat currency, if its value drops severely before you do so. You may not recover your costs.

You should come up with a mechanism whereby you immediately change the Bitcoin into fiat once you receive it. This will minimize risks such as depreciation, and you are sure to have resources at hand with which to maintain your inventory. Some traders achieve this by using stablecoins, which are pegged to the value of fiat. It becomes very easy to trade using this means without having the volatility that characterizes Bitcoin.

As you also mentioned, an emergency fund is very important. It may help bridge shortfalls. when unexpected market changes occur Keeping yourself up-to-date with market trends and limiting the time in which you can cash out your Bitcoin also helps.



It is intelligent to treat Bitcoin as a HODL investment rather than a ready way to buy real estate. Due to its volatility, you need to maintain a strong emergency fund in fiat currency, so you can restock without being influenced by price fluctuations.

It is a lesson in financial planning for understanding potential risks from combining Bitcoin trading with purchases. This kind of process, therefore, allows businesses to take advantage of possible price rises while always avoiding losing money. can It is advisable that any businessman who considers Bitcoin must have a strategy in which to integrate its budget for operations with financial assets. Have you considered spelling out a specific method?

Bitcoin is not a stable coins so if you are accepting it as a means of payment for your business let it be that you are taking it as a means of HODLing instead of receiving and using it to make purchases of your goods again. However, you should know that as you are accepting Bitcoin that you won't use it to restock your goods again if volatility pushes the price downwards and while accepting Bitcoin as a means of payment you should make enough provision for emergency funds that will cover up your purchases for a long time so that you won't be affected when the price of Bitcoin falls. Accepting Bitcoin as a means of payment and using it to buy goods is almost same as trading which can lead to losses so in order not to be stucked in-between, you should have enough funds in Fiat to restock your goods when you run out of stock.


Yeah, the price of Fiat also fluctuate but you can't compare it with the volatility of Bitcoin or other crypto assets because cryptocurrencies can skyrocket very high or fall extremely low within a short period of time while Fiats experience sluggish upward and downward movement due to Economic activities

You bring up a very good point and I believe this is a mistake many people are making. Many people seem to be getting too greedy thinking that they can use bitcoin as a means of payment and can also leverage it to make profits by holding those payments as an investment. But things often don't go as they expect and when bitcoin enters a correction phase, they get into trouble and complain.

That's right, if we use bitcoin as a payment method then we should not consider it as an investment. This is the only and best solution for anyone who wants to apply bitcoin to their business.

In addition, I would like to suggest that it is best not to mix investment budget with business maintenance budget, we should separate them completely for convenience in management as well as to avoid unwanted risks.

That is one way to address the situation, once you received the payment, you can easily convert it to your fiat so the volatility factor is not much to be worried about. You may lose some in the conversion but the difference should be small. So when it comes to business, you can still accept crypto but you also need to convert it to your fiat right away. But when you just collect and store it, it means, you are ready for the possible decline or increase of its value in the market depending on when will you trade with it.

If you want to or if you are going to accept Bitcoin as a means of payment in your business, then you must not handle it as an investment. What I mean is that, when you want to invest into Bitcoin, you always have the plans to hold it until the value pumps and surpass the amount you bought it, but when you are just accepting it for your business, you can convert it to fait once you receive the payment. That's the way to save your capital from being affected by the volatility.

I don't think that's the best solution.
The key is the daily management of Bitcoin transactions in the store. If the use of Bitcoin in your country as a means of payment is not yet popular, Bitcoin transactions in your store will not be enough. And it depends on your plan. If you want to allocate Bitcoin for the short term with capital turnover to replenish the store. It is highly recommended to immediately convert it to stable assets or even fiat.
It will be different if your capital is strong enough. You can manage your Bitcoin in several more transactions first. The plan is a medium or long-term investment. So Bitcoin transactions in your store that are still not that many can be covered by the fiat transactions you get.

You should have understood the turnover of capital and profit from the start, where the capital of one item can be calculated, and when it sells we can also say whether it is profitable or not, indeed calculating daily sales profits with btc payments is more difficult with fiat, so in my opinion if you open a shop by accepting btc. you already understand the consequences if btc experiences a decline, then automatically if your emergency funds are gone the only way is to close your shop until the btc price returns to normal and you have to overhaul your strategy so that there is no long-term loss due to capital being held back because the btc price has decreased