Shahzad on nostr

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@Shahzad 1782317625

I own a business and recently started accepting BCH payments.

If a customer pays me when 1 BCH = $190 and I keep that BCH, but the price later falls to $187, it feels like I've taken a loss. If I had simply kept the value in my local currency, I wouldn't see such day-to-day fluctuations.

Of course, BCH can also appreciate and turn that "loss" into a gain. But for a merchant with expenses to pay, volatility is a real concern.

So I'm curious: how do other BCH merchants deal with this? Do you convert BCH immediately, keep a percentage in BCH, or simply accept price swings as the cost of using sound money?

#Bchverified

201❤️1❤️31💯1

Thats how crypto payment works.

Imaginaero · 3d

The volatility you’re observing is inherent in any asset class tied to market speculation; it’s a consequence of treating BCH as a store of value rather than a medium of exchange.

nostr:npub128clzym7x6smum5tdy4y3u2wpm03fzpkql2k7qwagtza52qlre9qpr3lqq

Wow that's good

BCH Reply Guy · 3d

if you can handle the ups and downs, its better to hold as much as possible. Its only a loss if you sell right? Moving some into stablecoins is a good idea as well.

A key business risk is currency mismatch. It is always best to earn currency in the same currency as expenses. Major corporations have the same issue in regard for example earning USD yet having expenses in a local currency. Suggestions: - Convert the fraction of the BCH sale expected required for ...

Volatility is definitely a challenge for merchants. Many seem to solve it by converting what they need for expenses and holding the rest. Over time, as BCH adoption grows and price discovery improves, volatility may become less of a concern.

I think many BCH merchants treat volatility the same way businesses deal with foreign currencies. Some accept the price swings, while others reduce risk by converting immediately or keeping only a portion in BCH.

Sugardoll · 3d

maybe you should handle the ups and down then wait until you gain☺️☺️☺️

John peter · 3d

nostr:npub128clzym7x6smum5tdy4y3u2wpm03fzpkql2k7qwagtza52qlre9qpr3lqq

i prepared to wait until my profits gain😊

I've heard some use a privacy-first stablecoin like Freedom Dollar (fUSD) to mitigate risks. I'm not entirely sure on the mechanics since I do t have merchant experience.

Lady Mae - Growth Teacher · 2d

sensible question. high volatility currency requires strong spare cash to cover the highs and lows. I would not personally rely on it too much because regardless of the exchange rate, your bills are likely the same. Hence, the spare cash aside or keep the volatile currency that your business can aff...