Topic: Do you think shops should accept bitcoin? (Read 550 times)

With the situations of the economy globally, i believe fiat currency is risky for a business owner while bitcoin is not despite its volatility in nature but business owners need to be well educated about cryptocurrency and how to cut losses/save their funds before accepting it as payment.

Some shop and store owners in the countries where bitcoin is legalized are already accepting it as payment. However, the current price will be profitable for shops owner and if we compare the economy with bitcoin current price accepting crypto is still better than fiat.

Very useful information. So sellers and service providers don't need to worry anymore about high volatility if they can change it instantly.
Well, everyone has their choice, even though it looks complicated because in my opinion using the national currency is more effective. If we want digital transactions we can use e-money. Basically, I prefer to position cryptocurrency as an investment, so I'm not too interested in using cryptocurrency as a means of payment. Besides its limited adoption, I also consider its effectiveness.

Bitcoin prices that go up and down are already a risk and characteristic of bitcoin. Traders who accept bitcoin payments for goods or services they sell can use the Coinbase Commerse platform, which makes it easy to make transactions using bitcoin and convert them directly to stable coins to overcome the high bitcoin price voting. there are still many platforms besides Coinbase Commerce that make it easy for traders to manage their payments. For buyers who use bitcoin as a transaction have personal authority or their own desire to use transactions with bitcoin or other coins.

Seems a little too soon for shops to start accepting bitcoins,with price fluctuations and all..its risky

It is a risk only if seller not selling his Bitcoin instantly to local currency and decide to hodl.
In past i was thinking all sellers should adopt Bitcoin. I don't think that now, Bitcoin is like digital gold/store of value, it doesn't suit purpose of fast and huge volume transactions, lighting network build on top of Bitcoin can do that, not Bitcoin directly. Higher layer is needed for shops to use Bitcoin.

Stores that accept payments in bitcoin will at least anticipate the problem by implementing a system created to immediately convert bitcoin to fiat, so they don't hold it because of course it will be risky and in addition also because stores require fast money turns. That way, implementing bitcoin as a means of payment is at least very possible but the problem here is that they only consider bitcoin as an asset, instead of spending it would be better at holding and that is the case that I have at least found several times.

You can't just apply this price history thing why should a merchant or store accepts bitcoin as a mode of payment.

They are doing business and not to hold bitcoin for a long period. Since bitcoin price is volatile, how can they maintain their capital?

They can accept bitcoin but all payments will be instantly converted to fiat. After all, they add it to make convenience for those who owned bitcoin but no fiat available on-hand.

I don't think accepting payments with BTC is the right thing to do. There are many reasons for this.

First, business should be profitable. But the price of BITCOIN is constantly changing, by the minute. Therefore, the payment of BITCOIN for shops will be able to turn from being profitable to loss due to the price of BITCOIN falling.

Second, about splitting. Bitcoin can only be broken down in the millions and cannot be broken down. So what happens if the price of an object is less than the smallest split unit of Bitcoin? (satoshi-sts)

Tuesday, on time confirmation - complete the transaction. As we all know, moving BTC will take time. Therefore, if the BITCOIN network is congested, payment in BTC will be a problem because the buyer has paid but the seller has not received it. So how does this handle?

Above are my comments. We hope that everyone will contribute and contribute to our problems being clarified. Thanks

this is a topic that is discussed every year and I believe that most people would be satisfied if bitcoin were accepted as a means of payment and all countries in the world. But breaking the barrier of high volatility won't be easy anytime soon because in this crypto market people enter with the hope of making a lot of money and there are whales that focus on manipulating the price to make a lot of money. Imagine the trader who loses 40% in just one day because the bitcoin price dropped 40% in just one day because some whale manipulated the price? it really is a pitiful situation

Already some shops are accepting bitcoin in some countries. It is left to the customer whether to purchase or not if bitcoin value increase or decrease seller need not worry about it.
There is risk seller should no the proper strategy. Even though bitcoin price goes down one it becomes double anyway seller will be more profitable.

Stablecoins aren't a solution, they are just as centralized as fiat payment systems, with KYC, account seizing and all that stuff. If I were a merchant, I'd rather use Visa than stablecoins - at least it's managed by a large company that can be held accountable, unlike stablecoins that can disappear if something happens to their company.


And small businesses don't sit on piles of cash, they actively use their income to maintain their operation or expand.

Why not? I know that the seller have the huge disadvantage here but in terms of the pandemic that we are facing right now, I guess it is better if we have a lot of payment method to choose from including those crypto currencies or bitcoin that you can use. We should also forget the price change since it is aimed to be used in such transactions.

Before the bitcoin does not accept into our economy only a few people see the potential of this coin to make more earnings but now it is rapidly increasing the number of supporters of the bitcoin are increasing way back on the year of 2017 when the market orice of the coin rises on its highest market price it gives huge attention on the public and many people now getting curious what is all about this coin that we need to do. By the time goes by the market price of the bitcoin is increasing again it soon to hits back into the 10k market price. By that many people see the use the bitcoin and blockchain to make an additional process because its a lot of features like in the Bitcoin is like our real currency converted into the digital world that we can use to pay like in the real-time. Also with the help of the blockchain, all of the transactions today are transparently secured by the help of the algorithm and private keys it is harder to the people to access what is the content of this kind of transaction also you can see If the transaction getting active or pending or it is already canceled cause of some errors.


It is hard to use the cryptoxurrenxy on a company because the market is volatile and there is a chance that their funds and investors may lose up and this is a big deal into their company stocks and the whole organization and mostly the workers having a payment with the use of the fiat currency.

It is not about what we think but the company's opinion. If they think it will be a good investment then they will accept cryptocurrencies eventually.
Risks are always present, in all sorts of field. But it will be beneficial for crypto industry and more so for the promotion of decentralized transactions. Acceptance is the start of movement to decentralization.

Only, if I can come up with a contingency plan for such fluctuation. However, I bought many services with BTC. It is very risky from the seller point of view. I wouldn't do it as a seller. But will do any other stable coins like Tether.

It is to understand how risk is crypto and those small businesses will never risk their life into it. For this will be optional at this time and I know it could still be the same in the next years, decade. The volatility will still remain and this will keep business owners will tend to neglect. Though I could say that Bitcoin has a better or greener future but I don't see that everyone will fully accept this as a currency and even some countries will never give their support as well. This is to put into conclusion that Bitcoin won't ever replace FIAT.

It's been quite a topic in the past but just so you know Bitcoin adoption is really on going and we can't stop that, but some owners may accept it while some don't because they find it hard to manage once the transaction fees fires up it is due to the sudden growth of price of Bitcoin. The small fees you provide the less your transaction would be transacted fast unless you put a higher fee. Shop owners should know about the run and process of accepting Bitcoin as a payment before they apply it on their business.

For adoption they should, but for just joining the fame and fud maybe not since the risk to lose their capital is there since we don't know on what will happen on bitcoins on future and might they will suffer from financial loss if they are not prepared to deal with volatility. That's why I think its better to get a goods stance with bitcoin and widen up the adoption before merchants accepts it.

That is the risk in any business. The seller should know about that. But if he is okay with that, I think he can hold his bitcoin for some time until the price increase high so he can sell his bitcoin, and take another profit. But not all sellers will okay to see the price changes every day, and maybe some of them will shock to see bitcoin price can increase and decrease to any price in a second.

If the owner of the shop want to accept Bitcoin, he should know how the system works and the risks. Shops should accept Bitcoin but they wont ever accept without an exchange system, like Bitpay. That way, they get fiat from the transaction while helping people who want to shop with Bitcoin. But the only one who can lose here is the shopper, then. I think this should be an option everywhere, to be able even if it isn't without risk.

It is hard to accept Bitcoins due to is high fluctuations, But Some shop owners will accept if they will get proper knowledge about Bitcoins. If I have shop I can take payment in Bitcoins because I know how to handle Bitcoin payment. Depend on shop owner's think.

Why not just change the price?

You can't just put a price in Bitcoin the same as the price with fiat though it is true that it is a bit of annoying since you should be able to keep up with the price of it in the market and change the price of it in bitcoin depending on that change. It is a risk really for the reseller but in the long run, I guess it is the advantage of the seller. Another thing is that with the pandemic we are facing now, I guess shops should really accept Bitcoin.

Some shops have been accepting bitcoin as a payment, but of course, we cannot force every business to accept bitcoin. Those who accept bitcoin and other cryptocurrencies are already into it and are willing to risk. If you are a shop owner, why would you accept bitcoin if you are not aware of its volatility?

Since bitcoin's price changes easily, it depends on the owner if they are willing to accept it. Although I have not personally encountered some small-scale businesses who accept crypto, it would be great to know that some businesses are adopting it. From a seller's point of view, a sudden drop may be a loss to them but if you will just hold it for the long-term, you can gain higher profit. That's why it depends on the shop, and if I were to make my own business, I will be glad to accept bitcoin payment as well.

Yes, I agree that accepting Bitcoin as a mode of payment for a certain service or product pose risks on Business. Although, I don't think that as of now, small businessmen will not accept Bitcoin as their mode of payment because of the fact that their capital is low and they cannot afford to hold their Bitcoins and wait for it to rise because they only have limited amount of capital that they immediately need to purchase raw materials.

Yes, if the store accepts payment in bitcoin, it will be quite risky. Because the value of Bitcoin is not stable, it fluctuates. Who is going to suffer losses if Bitcoin drops in price? Moreover this is very inconvenient for retail shops and even for shoppers. And for large businesses that can pay with cryptocurrency.

I'm sure the bitcoin community really wants all shops to accept payments with bitcoin. Because with many stores that accept
payment by bitcoin, this will make bitcoin growth more rapidly. If the issue of bitcoin prices can go up or down suddenly, this
can be overcome by converting bitcoin to fiat instantly when the seller accepts payments with bitcoin.

Yes But

Shop is Regular Business. their Business is sell something.

Accepting bitcoin is Not Primary Business.

If some company or Platform Give Immediately USD Settlement. Then They Might be Instrested

Or They Get Choice in Platform Hold or Auto Selling When they Received payments.

    

No one will need to convert to fiat with the right Bitcoin ecosystem. If we have multiple stablecoins backed by national currencies on Bitcoin network, people could accept Bitcoin or their "national stablecoins".    I think I would prefer to aThe ccept Bitcoin and automate it to convert, maybe 50—70% to stablecoin whenever I receive payments. I wouldn't trust leaving all my funds in fiat currencies long-term

Because of volatility Bitcoin still represents a risk for merchants and not much of them.are willing to accept Bitcoin as payment method. Also, mostly online shops accept Bitcoin and in physical stores that is very rare.
I think there should be bigger number of shops who accept Bitcoin but there should be some campaigns.that would encourage them and thus they would attract more customers, especialy younger generations so it would be worth for them.

I am interesting in having online shop because my Cousin is already establishing His own and there are really good profit inside
Online business.

And asking about Bitcoin acceptance as payment for Business?of course this is advantageous because i have enough capital
that can take those Bitcoin payment into another investments of mine.

so i invested in Online shop and also for Bitcoin holding isn't that a great idea?

But immediately converting it into fiat will make them more vulnerable to the fees, so maybe they will just save or hold it for awhile and they will convert it altogether when its price is reasonable for a profit. Also a business that accepts crypto will really grow from time to time, they just need to comprehend how bitcoin moves in the market so that they know what to do with them. Although a small business will do, but you need to become more flexible and you learn how to adjust for your small business to grow. For a big companies, it is not that hard for them to make profit using cryptocurrency because big companies have business partners and that will make them to promote more and gain cryptocurrency when they know that people are using it as a payment in transactions.

There are big problems when shops accept bitcoin for the payment of the customer, the feature of bitcoin being volatile makes it a big problem for the seller. I don't think that there would be a customer that will buy their products when the value of the bitcoin goes high, they will wait for the price of the bitcoin to goes low before they buy something. The seller won't make a profit from accepting bitcoin.
That is a great idea if they are going to have a fixed price of Dollars on the product and they will let the customer pay bitcoin, the seller won't lose their money from it but the customer would also wait for the price of the bitcoin to goes high.

There are already existing shops that accept bitcoin for payment, there is some hotel that uses bitcoin to pay for the reservation, there are also some schools that accept bitcoin as payment for the tuition, and many other things.
You have mentioned the risk of accepting the bitcoin for payment so there are still many shops that do not accept cryptocurrency for payment, but if they are going to make it like this, the example they offer payment for coffee then they are going to give the coffee and exact price example $1 then they may but it using bitcoin at least the seller won't lose from doing that.
They will be having plans with those things in the future, bitcoin is really great from payment purposes, it makes the transactions easier and faster compared to fiat currency.

Although there is lightning network which can reduce high fees for bitcoin transaction but there just a few people who still interested to use the way.

It may lightning network is more centralized and make the user tend to avoid it. Whereas we need such platform, bitcoin's transaction is high already.

So, it will be hard if bitcoin used by online shop as mean of payment system. They may look an altcoin which has a low fees and fast for transaction process like XLM.

The store owner should be open-minded and knowledgeable about bitcoin for that to happen. If the owner knew the idea of bitcoin where it is volatile in the market, he will understand how to manipulate and get profit from it. There are more profit in bitcoin than you can imagine, there's something more about that, it is not just a digital currency, it can give changes in people's lives.

You're right that there are some stores that are already accepting bitcoin as a payment, I'm pretty sure that they will benefit that for so long because of what bitcoin can do to their business. People just need to adapt and believe in the ability of bitcoin in giving you profit. Never doubt bitcoin as it is the most famous and popular cryptocurrency in the market.

Many people are already investing to it, so if you're owning a business or store, learn and understand how bitcoin works in order for you to grow more in the near future.

Many online sites are now using Bitcoin as their payment system. It may happen in the near future, But it will take a long time to happen. I don't think it is likely to happen very soon. There is a fear that the price will go down. On the other hand, once the price goes up there will be some risk. This is normal. But the last thing is that if the current situation continues, it will never be possible.

Some stores already accepted bitcoin on shopping stores and it's a good way to spread awareness and adoption towards the future of cashless society. I don't see any objection of this kind of pursue towards bitcoin as the second source of payments but it still depends of the store if they accept or not. It still not globally accepted but one day it will become a reality despite the volatility negativity effect of it.

Majority of the shops actually do not want to accept bitcoin ot other crypto coins as a payment. You just said the reason: volatility.
 
 If one particular item will cost $5, and the market goes up or down, buyer will still pay btc/usd costing $5. It's still great and advantageous if the shop receives it at low market price and it surged up. But what if it was the opposite and they need to convert crypto right away? Those are the problems we can determine.
 Plus fees and waiting for that transaction to be confirmed.

Not thing yet because small shop is not stronger when accepted bitcoin as payment way because higher fees, many people not have the same payment without get fee for each transaction and better for small shop using cash money for transaction, I know easy and faster if using bitcoin but how to make charge fee little for many people only getting 100$ for each transaction, its enough they have pay fee more than $4?

So the seller can accept stable coins if he doesn't want to see the bitcoin price is volatile so after he gets his stable coin, he can hold the stable coin, or he can send it to the exchanges to buy bitcoin. The seller will have so many options for the coins that he wants to use as the payment system, and he doesn't have to used bitcoin if he worries with the fluctuated price of bitcoin.

Bitcoin price will be like that, while the seller can allow their customer to use cryptocurrency to pay whatever they buy from the seller. That can help cryptocurrency grows too so many people can know that they have another option to pay.

I think there is a seller who can accept the risk of the fluctuating of bitcoin price so they can still use bitcoin as the payment method.

But the price may become 100$ the next day haven't you think of that?

Bitcoin and crypto currencies are Volatile thats why things like this happens,but if you look for a long perspective then you will find whats the benefits of this.

Maybe this is not for those who wanted to invest and make a living here since this is not design for short term profiteering but still there are many advantage that we have to agree.


Just like what everybody says here (those who have been here and profiting for long time) that Invest what you can afford to lose and you must be willing to wait even if this may take long time to increase.

If you are the seller who will start accepting bitcoin payments then of course you should not be bothered in the first place because you are already aware of crypto's volatility. Also, don't worry about the pricing. As long as the buyer transfer you a $10 worth of btc for $10 worth of goods then you're good. So don't hesitate to do it because any kind of adoption, whether big or small, can help to grow our community . Just post "We accept Bitcoin" to your store today and wait for the right customer.

It's a matter of when are they going to use Bitcoin as a way of payment because eventually, merchants will find Bitcoin convenient for the users if Bitcoins popularity and adoption goes up even further. But the thing here is that, they will of course just makes Bitcoin as a way of payment rather than an actual price of Bitcoin. It might be a risky venture but it only is if they try to hold it.

Bitcoin will be risky to adopt in a country that hasn't accepted yet Cryptocurrency as payment. So my answer is no, shop owners should only accept Bitcoin if their government decides to make it as an alternative currency for goods and services like Zimbabwe or Venezuela and Italy.

Hello everybody. Personally, I think that any stores and services, sooner or later will definitely accept cryptocurrency, it will not necessarily be bitcoin. This is a necessity that we are all moving towards.

Volatility is indeed an obstacle for cryptocurrency if used as a means of payment. The fact is there are people who are willing to accept the consequences, by exchanging other conveniences that cannot be obtained national currency. I prefer to use cryptocurrency as an investment tool, besides the crypto adoption as a means of payment is still very limited. Payment using national currency and e-money is quite effective and legal, this depends on each choice. Ah, I remember Pizza day, and I don't want to be a person who regrets using BTC carelessly

We cannot tell them what to do because it's their own decision but they can use a payment gateway that will instantly convert their coins to fiat to mitigate the risk of a loss.

Accepting Bitcoin could put the business on the map and give it an edge over the competition.

Of course shops or merchants should accept payment by bitcoin, because it can increase sales. And also financial transactions
with bitcoin can prevent the spread of the corona virus. To deal with volatile bitcoin prices, after receiving payment with bitcoin
soon selling bitcoin became stablecoins or fiat.

If you are saying shops SHOULD accept bitcoin, it doubts to be happening. We know the risk in crypto and even big business institutions are still not finding it safe. Having Bitcoin or cryptocurrency isn't just pushing to us to use it but only to consider an optional way of making transactions an example for bills payment. We find that some establishments are having it already accepted but quite just a few of them.

Maybe we can see more shops/establishments will take this option but not this year or even next year. It probably when the time that crypto is fully developed and when that volatility rate will slow down.

Businesss accepting Bitcoin as a payment means, is a milestone we have been waiting for, and it would be a great thing if such happens.
 Talking a about the price fluctuations, you've hit a point, but that's what we have cryptocurrency exchange platforms.
 If we are looking at a global adoption of Bitcoin, there should be a means of integrating these businesses to exchanges, to allow for the instant change, to fiat, whenever a user makes payment with Bitcoin. This way, the seller doesn't have to worry about price fall, unless he decides to hold the Bitcoin for the long run.
 I really think it would work.

why not tie the price to usd or to any fiat because they are stable  .

 in that way the price of the product will still be the same no matter what happens on the price of btc   . the only change that will be made here is the fee   ,  the fee can be expensive or lessen depending on the price of btc   .

 this is the risk for the buyer and not for the seller anyway       .    many  shops right now are accepting btc    .  not just btc but altcoins  too    .

Small businesses can catch up without incurring losses from the exchange rate.

They just need to use an instant service of converting bitcoin to fiat to the time the purchase was made. There are lots nowadays that offer such a service.

If direct BTC transfer, no API, no third-party, then we can say that the merchant is ready to deal with the risks.

A fitting question would be 'would' in this case, given that most shops trying to accept bitcoin are at the mercy of volatility. Anyway though, I think this could be resolved if real-time conversion of BTC to fiat from third-party payment processors were to be implemented, and not 'until X amount of confirmations were checked' or 'price as of X hr.' Bitpay is as close as to getting that formula however they don't want to since a part of their income mainly comes on delayed conversion of BTC to fiat, which sucks ass to both the merchant and the buyer, forcing them to just neglect the possibility of bitcoin as a form of payment.

There may even be some shops that are willing to take the L for some time and hold bitcoin as is, so there's that too. They're quite rare though but they do exist.

Yes, if we want to spend our bitcoin on purchasing of items then it would be a great idea to see online stores integrating the payment of bitcoin and other digital currencies into their system. I am sure they make use of coinpayments platform in accepting cryptocurrencies.

Why do you think, you notice, we always have to pay a fee, different types of fees in different countries, as I give the example of the name of a country here, to explain how long ago this rule existed in Saudi Arabia, and now there is The rule is that if someone buys a product or anything from a shop, they have to pay 5% VAT to the government of that country, and now it has increased to 15%! So 10 is much less than that. Because if you buy 1 million here, but your fee will be only 10 $, but if you have to pay 15%, then calculate how much you have to pay, so if the shops accept Bitcoin will benefit in many ways.

usually when a shopkeeper accepts payments in bitcoin or other cryptocurrencies, he uses the instant exchange between fiat-crypto so as not to lose the value in fiat currency, obviously he loses or gains as a percentage of how much the bitcoin value increases or decreases

They have it now where sellers get paid at the moment it was sold.

If they are going to be converting it to fiat at the end of the day, then it’s of no need. It would be better for them to just accept fiat and nothing else. And moreover, there is a fee that is being charged when you try converting your coins to fiat or another cryptocurrency.

Cryptocurrency is good, but I won’t recommend it to a small business. A small business that is making use of cryptocurrency might be experiencing loss, because of the processes that will be involved in converting and withdrawing their money. Big businesses are the ones that can accept Bitcoin, because they will still cover up the fees and wouldn’t mind if the price of Bitcoin drops.

Yes, they should accept bitcoin! I have seen shops where they accept bitcoin and when asked what do they do with the bitcoins, they said that they accept bitcoins from their clients but actually receives fiat currency in return. There are thirdparty companies that will accept Bitcoin on behalf of them and instantly convert them to fiat currency based on the average rates. So I think think so shops would be affected that much due to price volatility.

That's why shop or merchants supporting bitcoin payment is partnered with a crypto company or services. They need this partnership with a crypto company so that they can instantly convert the bitcoin they will receive from their buyers to fiat.

Here in our country, there are now lots of merchants online that support bitcoin payment. There is a third-party company, a crypto service, that will serve as the payment processor and will instantly convert our bitcoin to fiat after confirming everything.

And shop owners are already aware of those risks if they will consider adding bitcoin as a mode of payment. They sure study the risks.

This is a really bad of thinking about it, business owners aren't long-term investors, they are mostly focused on short term. Just look how covid-19 impacted small business, so many of them were forced to close because they can't afford a month or two of rent when they have no income. The same can easily happen with Bitcoin - imagine a business that mostly accepts Bitcoin and doesn't convert it, and one month Bitcoin crashes by 50% - now they are at a loss and will have to take loans or get closed, but it's still a risk because there's no guarantee that Bitcoin won't fall further.

If a shop wants to accept BTC, they need to be smart about it, have a solid strategy for converting to fiat, prepare for it legally, maintain proper security, etc.

There's a solution to this, the automation to convert it into fiat/dollars as said by ranochigo. It's not that hard to understand the concept. The shops should be willing to accept it first and understand the basics of bitcoin so they are not walking blindly and just go with the go because bitcoin is the most popular cryptocurrency. They are accepting because they know that it's convenient for some people that owns it, not just go with the flow.

For a seller it is not going to have a price drop on their product, obviously their prices will based on their local currency for example USD it will be a fixed value. With bitcoin payment added to their option, it is a risk to their fund, basically it is their total revenue at risk since the volatility is in the topic.

If you are thinking that accepting bitcoin as a payment now, then you're not thinking right. With so much volatility in bitcoin market right now you could be in a deep mud if you are willing to accept bitcoin as a payment for your store. And I don't think people who has bitcoin is willing to spend it because the blockchain is congested and spending/sending it would not be that worthy at all. We can always say that bitcoin isn't going below $2000 or $3000 but man it is bitcoin, if you see it skyrocketting in $20000 then expect it to not plummeting to $2000.

As you talked about the seller will run at lose; you forget to mentioned the same as the seller will gain double if the price hit a higher node. This is simple, when the seller want to hold for a long-term then should be ready to wait for the appointed time to sell, but if not, the seller can exchange the $10 in Bitcoin to fiats immediately when the transaction is receive. If transaction confirmation is to be talk about, the seller should use LN for the transactions.

Yes, that's right. Maybe this is one of the main reasons why a lot of merchants are still hesitant to accept bitcoin as payment method. The volatility is real and most of them can't afford to have that in their business, because they need to survive. So hopefully, in the coming years, we will see more of a stable price for bitcoin or maybe people will be more understanding regarding btc price volatility.  

In my opinion, it seems that volatility are more appropriate as the main reason and transaction speed is the second. The reason is, the price of bitcoin will continue to fluctuate even though there are many transactions that are stuck and I dont think that transaction bottlenecks can affect the price of bitcoin. But on the contrary, when the price of bitcoin up, transactions will be slower and stagnant and this is a fact. Meanwhile, I think LN will also help bitcoin users to get transaction speeds and transaction costs low.

Vendor/Merchants have their maintenance cost; they can't sit on BTC and look for BTC price goes up once BTC goes down. It's very risky for any business to accept BTC without any middlemen like Bitpay. They could have lost a big of their profit; sometimes it can be their capital too. Unless BTC gets the main currency; 1 BTC = 1 BTC, the chances are too low to be used as direct payment option for most of the merchants.

Yes but imagine everyone think in the same way. And over time this massive change with the previous year will be reduced. Because people aren't dumb. They will see what keeping digital gold means and they will reduce its value.

Yes, that is a major issue but the chance of $10 becoming $20 is also high. Considering the price of Bitcoin from 2010 till date it has always gone up.

For example let's look into the  price of Bitcoin on Bitcoin pizza day

2010: $0.0041
2011: $6.47
2012: $5.07
2013: $120.96
2014: $508.41
2015: $238.17
2016: $445.23
2017: $2,136.02
2018: $8,465.99
2019: $7,623.51
2020: $9,205.40

So, if a vendor accepts Bitcoin he/she will benefit and not incurr any loss.

Its up to the shop owner.

They are businessmen, obviously these guys wants to profit. So if I am like them as businessman and would like to own BTC, I would sell their products with stablecoin like USDT or whichever stablecoin as long as its on the chain. And then I can trade it to BTC whenever the price of BTC drops.

I think it all depends on the shop owner themselves.  If they know nothing about bitcoin at all, then I'd probably argue against it until they get some education under their belt.  You need to understand how things work first before ever buying or accepting bitcoin.  Once they know how it works, then it can either act as payment that can be cashed out right away (via an exchange) or a payment with an investment attached that you hold.

Fiat goes up and down too if put it side by side with something more stable.
If you could make the price of Bitcoin/crypto fluctuate moderately and consistently without losing its deflationary property, it could compete very well with fiat in that area.

There are a number of opinions that companies should not accept Bitcoin due to high price and fee volatility. It is certain, however, that as the Bitcoin network develops, this way of thinking will change in the future and there will be more and more companies that accept Bitcoin.

As a bitcoin lover I want to see accept bitcoin everywhere including local shops. But it's quite complicated for various reason. First thing is transaction speed, shopkeeper will have to wait for at least 1 confirmation before proceed, otherwise there is possible risk of double spend. I am not sure if SegWit would help to reduce confirmation duration.

Second concern is volatile, every shopkeeper won't bitcoin lover and likely they will not hold it. So they might loss due to volatility as well. There should be something to convert your bitcoin in fiat currency, like USDT. It's possible when governments allow bitcoin and they will have native digital currency. So bitcoin users easily convert their assets to local digital fiat and spend it. Otherwise there isn't very easy method to use direct bitcoin into local shops. A local digital stable crypto-currency would solve both issue regarding transaction speed and volatility.

It won't represent a loss. It would represent a profit IF you had keep them, but not a loss if you sold them. You wanted x dollars, what if the thing you sold now costs x + 100, it really doesn't matter.

No. As you already mention that are so risky. I saw, some days ago, bitcoin price droped around 11% within a day. So how could i suggest accept bitcoin for shopkeepers!? Even Buyer(before purchase anything) & seller both can face difficulty as btc price could drop anytime.

You mention the main risk about accepting coins, if the coin drops 30% then all your prices will drop that percent. And is a not cool loss at all.

Some people think it's possible if the value of the things is based in dollars and paid in bitcoins, but the only way to make this with low risk is by selling the btc at the moment you get the payment... But even if we do that and the price goes up after we sell then it will represent a loss.

Bitpay used to be able to offer instant exchange to fiat immediately after a transaction and this helped to eliminate that issue. It's true that Bitcoin can lose loads of value in a matter of hours but the same goes the other way. IMO, for most online stores, this may not be that big of an issue. Merchants has to pay the payment processors a cut from their profits either ways. If Bitcoin can provide faster settlement while having lower risk and fees, then it could be worth it.

For physical stores, it's not really favourable.

Bitcoin price goes up and down all the time. If someone buys something costing 10$, the next day it may cost less or more. So it's a risk for the seller.