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The daily variance of USDBTC is around 2.3% - over a multi-week crowdfunding campaign the volatility of Bitcoin could easily cost you vastly more than payment p
by ig1 12y ago
The daily variance of USDBTC is around 2.3% - over a multi-week crowdfunding campaign the volatility of Bitcoin could easily cost you vastly more than payment processing fees and is unpredictable.
- modeless 12y agoVolatility is not a reason to avoid accepting Bitcoin for payments. You don't have to hold any bitcoins at all if you use a processor like BitPay or Coinbase; it couldn't be simpler. If you want to get more complicated there are plenty of other options too, like Coinapult locks, Bitreserve, or hedging with derivatives on an exchange.