Yeah, it was created as a means of payment, but due to its scarcity and how it is mined, people found it much more suitable using it as a store of value than using it as a regular currency. Bitcoin is also accepted in most places where cryptos are accepted but there are other coins that are much better when it comes to making payments due to fees and confirmation time. To answer your question, yes bitcoin is volatile and it is not a good idea for merchants to hold bitcoins. That is why most payment gateways that processes bitcoin transaction allows the merchants to instantly covert bitcoin to other fiat currency or at least to a stable coin. The merchants also has a choice to keep a % of the money received in bitcoin.  A smart merchant would keep most of their 'profits' in bitcoin in order to maximize their profits in the long run.

The thing is your pegging the goods with your currency and not bitcoin, what you stated is the price of Naira depreciating or appreciating against US dollar while the goods follow the usd currency whereas that’s not the volatility with bitcoin. The price of a commodity can be stagnant but bitcoin price will increase or decrease in respect to the usdt price. Imagine buy or selling one loaf of bread for x amount in usdt but the price was paid in bitcoin when it was around $65k, then when the bitcoin price reduces to like $64k the list of bread would still be x amount but you might have lost due to the volatility of bitcoin and I think that’s the worry of bitcoin.

My advice to OP is just convert you needed funds in short term to fiat after maybe daily or weekly sales because bitcoin isn’t even that too volatile that it will raise or reduce excessively during this period. Then if you’re looking for a very long term holding position then stay in bitcoin

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

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.

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.

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?

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.

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.

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