accepting bitcoin for storage???

in bitcoin •  7 years ago 

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So it's the begging of a new month and my boss is thinking of accepting bitcoin as payment for storage. Don't know if it's a great idea since bitcoin is bouncing around every where. I'm not to versused in the subject. So everybody who knows a little about the subject please comment below. Have a good day!

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If you accept Bitcoin as cash you can instantly convert it back to fiat (dollars) and save yourself the volatility. Smart venders do this, the unwise ones hold onto it hoping the price will go up but usually end up losing money on the swings.