Accepting Bitcoin as Payment: Smart Business Move or (HUGE) Mistake?

Is Bitcoin the future and should you accept cryptocurrency as payment for your services? ► If you need help growing your business check out my ad agency Neil Patel Digital https://npdigital.com/ ►Subscribe: https://goo.gl/ScRTwc to learn more secret SEO tips. ►Find me on Facebook: https://www.facebook.com/neilkpatel/ ►On Instagram: https://instagram.com/neilpatel/ It's Neil Patel here for another Q and A Thursday video. I'm here with Adam LoDolce from https://viewership.com/. And this weeks question is from Maxell Graves, and the question is basically, what are the steps in accepting Bitcoin for payment after service is rendered. Basically, should you accept Bitcoin as payment? Here's the thing, I do believe cryptocurrency is a large part of the future, of blockchain, is. But there's a big problem right now with accepting Bitcoin as payment. You as a business have a specific profit margin. That profit margin could be five percent, 10 percent, 30 percent. Although I do believe it is the future. But what I would do if I were you is, I would not take Bitcoin as payment right now. It's risky because it fluctuates so much. And it was like the stock market. What most people don't realize about the stock market, is if you think back into the 50's, 60's, or 70's, or whenever the stock market was a lot newer, there wasn't as many people trading. Take cash payment and then if you want more Bitcoin, use the cash to buy it. But at least you know if something happens to Bitcoin in a day, and it drops 50 percent, I'm giving a crazy extreme, at least you're not out 50 percent, and you lost money on a transaction. You don't want to lose money because that could make your business go bankrupt. You want to ideally take USD for now, unless you're super cash rich and you don't have to worry about that. Take the USD, then if you want Bitcoin, use the cash, use the profits to buy more Bitcoin. Because even if you take Bitcoin as payment, if you live in the U.S., what you're su