Beginning my pay in bitcoin | Bitcointalksearch.org

Jumperman4

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Quote from: ?? on ??

Quote from: RapTarX on February 02, 2020, 12:14:57 PM

Sounds cool. I had never heard about this up until now.
Most of the times in last 2 years, I have been receiving my freelancing payments through Bitcoin, all the credit goes to my client who almost forced me to accept Bitcoin; otherwise, I would never bother much learning the amazing tech behind it.
I guess you have taken a great decision. That's where BTC enthusiast get the motivation.

Quote from: ?? on ??

I definitely don't see the point in this? Why automate it to where you get little choice of when you're actually making buys, I'd rather have the fiat to be be able to buy a dip or hold on buying a giant green candle we all know is about to drop.

Isn't it good to receive your salary with BTC? If everyone wants to receive fiat, how bitcoin global adoption will be increased? I guess these stuffs will work as influence for the future acceptance of BTC. Moreover, since OP will receive the payment through BTC in a specific time with a certain amount, he is going to follow the DCA method which is very much effective for long time holding.

Global adoption will increase through fundamentals and utility, along with basic supply and demand for the value to increase. Forcing an automatic buy is ridiculous, you can easily lose total Bitcoin accumulated through this method rather than calculated buy orders.

So the idea is to replicate my stock purchase methods, except for paying attention to quarterly earnings/ annual reports. When I decide to buy a companies stock I believe in it long term, and I dont get caught up over buying 10 shares at $200 or 10 shares at $175, I believe the stocks value lies higher maybe at $315. I apply this bitcoin I personally believe its value lies more so over 40k+ over the next decade as more people adopt for their own reasons or mine: to view it similarly to golds store of value. I also decided to go this route since it's easier to accumulate and not think about it.

FaithInCrypto

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mada mada dane

First time to hear or read about Bitwage today so I got curious and checked on their website. So it was like a third Party payroll application that handles your salary transactions, I think it could be compared to Paypal since they are accepting funds also in USD. I am not sure though if they do accept BTC as payment or they only convert to BTC if the user chooses BTC as OP do. Their conversion rate is much better than wire transfer based on what I see on their page but there are some fees involve especially if you are going to avail Premium services.

Docnaster

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Quote from: Jumperman4 on February 01, 2020, 08:24:40 PM

Hello world,
I'm a newbie here but a somewhat seasoned bitcoin hodler. I signed up for bitwage and will begin recieving my pay in 50% BTC and 50% in usd. I figure il keep it like this for the next year. How many people here use them as a way of automating you btc buys? For the last year I've been using exchanges and il say forsure picking opportunities to buy is successful, such as the 6k levels buying. But I was curious if anyone else uses the service?

I've been using this tool to track how much to invest in bitcoin every other week;

https://dcabtc.com/

Right now, I don't have a huge amount of money so I just invest around $50-100 biweekly. Started this almost a year ago and I'm already in a decent profit.

I think that Coinbase also has a regular investment option, for people who don't want to convert their salary straight into btc.

gentlemand

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Welt Am Draht

Quote from: cryiotic on February 02, 2020, 12:48:06 AM

Good try, good try.
I don't use such services. I'm not sure if this is more profitable or much more convenient.
Honestly, I don't see any advantages here.

Register and forget?

I can see why it appeals to some people but since it's free for private users I'd be intrigued to know whether they pad the exchange rate and whether it's an instant buy the moment you get paid. If both have some head room that could wind up being a lot more expensive that just buying yourself.

cynical

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I suppose this has its merits but also drawbacks, i have not heard of this before until this thread.

Do you get paid into a wallet of your choosing or into a wallet designated by bitwage?
that would be a disadvantage if you couldnt choose your own wallet.

RapTarX

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Activity: 1358

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Sounds cool. I had never heard about this up until now.
Most of the times in last 2 years, I have been receiving my freelancing payments through Bitcoin, all the credit goes to my client who almost forced me to accept Bitcoin; otherwise, I would never bother much learning the amazing tech behind it.
I guess you have taken a great decision. That's where BTC enthusiast get the motivation.

Quote from: ?? on ??

I definitely don't see the point in this? Why automate it to where you get little choice of when you're actually making buys, I'd rather have the fiat to be be able to buy a dip or hold on buying a giant green candle we all know is about to drop.

Isn't it good to receive your salary with BTC? If everyone wants to receive fiat, how bitcoin global adoption will be increased? I guess these stuffs will work as influence for the future acceptance of BTC. Moreover, since OP will receive the payment through BTC in a specific time with a certain amount, he is going to follow the DCA method which is very much effective for long time holding.

Artemis3

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Quote from: Mandoy on February 01, 2020, 10:51:11 PM

Quote from: Jumperman4 on February 01, 2020, 08:24:40 PM

Hello world,
I'm a newbie here but a somewhat seasoned bitcoin hodler. I signed up for bitwage and will begin recieving my pay in 50% BTC and 50% in usd. I figure il keep it like this for the next year. How many people here use them as a way of automating you btc buys? For the last year I've been using exchanges and il say forsure picking opportunities to buy is successful, such as the 6k levels buying. But I was curious if anyone else uses the service?

I am not using bitwage and I have no idea how it works. I am glad you post it here and I think I am going to check it out. But I do suggest if you want to know how many are using the services then you should make some pool in this forum so you can have an idea as to how many people are using it. Well I guess you should start doing a pool sooner so your curiosity will be answered.

Its just another freelancer site. I signed there ages ago but as usual, too few job offers. In my case i cannot accept USD (no easy or cheap or safe way to get them) so it has to be 100% bitcoin. Then i can exchange only whats needed into fiat but only the day its going to be spent.

Jumperman4

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Quote from: blckhawk on February 02, 2020, 05:34:05 AM

Isn't 50% too much from your wage? I advice you to reconsider and recalculate your benefits and risk, and re-assess that 50% on Bitcoin.

However, if you don't care much about that salary, and have lots of extra money and liquid assets, and you just want to invest, 50/50 might be already good. It still depends on your situation.

So currently I'm a younger guy, about just over a year out of the military, I do collect on a disability rating. I'm able to live at home for the next few years and during this time I'm building my portfolios. I'm pretty much 70%fiat, mainly holding stocks, IRAs, and tsp. And 30% cryptocurrency... I'm only looking to accumulate at 50% for anywhere between 6 months- 18 months depending on how long we can stay below 10k. Once we go above it, I will be dropping my allocations to/ or under 20% into cryptocurrency. I already own two btc at a cost average of about 8.3k. I'm splitting up the distributions 50% to my bank, 40% BTC and 10% ETH. I can manage the risk because at my age I believe that I could dump everything I have in a fire, and still be successful. I do appreciate the advice, and do respect it.

crwth

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https://linktr.ee/crwthopia

It's my first time reading about this "Bitwage" and did a couple of searches and lead me to their website. https://www.bitwage.com/

For those who are interested in how it works, you could check out this YouTube link: https://youtu.be/mUmKHVNooaM

I didn't know that they have been doing this already, maybe because, in our country, it's not that known yet. At least, a lot of international people would benefit from that and easily get paid within hours. I'm just worried that it's not yet updated because their site is still in 2019.

I'm quite interested in how they progressed over the years.

blckhawk

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Isn't 50% too much from your wage? I advice you to reconsider and recalculate your benefits and risk, and re-assess that 50% on Bitcoin.

However, if you don't care much about that salary, and have lots of extra money and liquid assets, and you just want to invest, 50/50 might be already good. It still depends on your situation.

pakhitheboss

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Quote from: Jumperman4 on February 01, 2020, 08:24:40 PM

Hello world,
I'm a newbie here but a somewhat seasoned bitcoin hodler. I signed up for bitwage and will begin recieving my pay in 50% BTC and 50% in usd. I figure il keep it like this for the next year. How many people here use them as a way of automating you btc buys? For the last year I've been using exchanges and il say forsure picking opportunities to buy is successful, such as the 6k levels buying. But I was curious if anyone else uses the service?

50 percent of your salary is a big commitment, ensure that you keep your Bitcoin in a safe and secure wallet and also keep aback up of the wallet.
Just wondering don't you have bills to pay in fiat?

Kupid002

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Quote from: Jumperman4 on February 01, 2020, 11:50:35 PM

Quote from: joniboini on February 01, 2020, 11:34:08 PM

Did Bitwage give you bank details with the same legal name as yours? My freelance project currently pays me to my US bank account via Payoneer, but it's not possible to change it. I've been thinking of doing another project but most of them accept Paypal or Payoneer only. I could talk to the HR to ask whether I can change my bank account as long as it has my name printed on it and not something like 'Bitwage Bank xyz'.

So bitwage did give me their/ I should say my banking details with *their bank*. This is in my legal name, there is a routing and account number like normal banks. With what you asked I do believe this should work.

I only set it all up last night, so I should begin to see payments in a week or 2.

I only heard this bitwage today i want to knkw what kind of job available on that website and payment rate per finish job. I am interested to know more and want to try that website.

cryiotic

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Good try, good try.
I don't use such services. I'm not sure if this is more profitable or much more convenient.
Honestly, I don't see any advantages here.

Jumperman4

member

Activity: 66

Merit: 17

Quote from: joniboini on February 01, 2020, 11:34:08 PM

Did Bitwage give you bank details with the same legal name as yours? My freelance project currently pays me to my US bank account via Payoneer, but it's not possible to change it. I've been thinking of doing another project but most of them accept Paypal or Payoneer only. I could talk to the HR to ask whether I can change my bank account as long as it has my name printed on it and not something like 'Bitwage Bank xyz'.

So bitwage did give me their/ I should say my banking details with *their bank*. This is in my legal name, there is a routing and account number like normal banks. With what you asked I do believe this should work.

I only set it all up last night, so I should begin to see payments in a week or 2.

joniboini

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Did Bitwage give you bank details with the same legal name as yours? My freelance project currently pays me to my US bank account via Payoneer, but it's not possible to change it. I've been thinking of doing another project but most of them accept Paypal or Payoneer only. I could talk to the HR to ask whether I can change my bank account as long as it has my name printed on it and not something like 'Bitwage Bank xyz'.

Jumperman4

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Activity: 66

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Quote from: bg002h on February 01, 2020, 11:08:57 PM

Quote from: Jumperman4 on February 01, 2020, 08:24:40 PM

Make sure you get the bitcoins sent to your keys and that you have a very good system for maintaining your seed phrase secure. Send me a message if you want any advice …50% salary is a very big investment and you should match it with appropriate diligence in security.

I have multiple addresses, hardware wallets and shards of private keys. I'm tracking the level of security I need. I do appreciate it though. Say, even though this is the bitcoin talk, what's the opinion on ethereum? They seem to have alot going for them, I can easily see them staying #2 to bitcoin growing with it.

bg002h

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Quote from: Jumperman4 on February 01, 2020, 08:24:40 PM

Hello world,
I'm a newbie here but a somewhat seasoned bitcoin hodler. I signed up for bitwage and will begin recieving my pay in 50% BTC and 50% in usd. I figure il keep it like this for the next year. How many people here use them as a way of automating you btc buys? For the last year I've been using exchanges and il say forsure picking opportunities to buy is successful, such as the 6k levels buying. But I was curious if anyone else uses the service?

Make sure you get the bitcoins sent to your keys and that you have a very good system for maintaining your seed phrase secure. Send me a message if you want any advice …50% salary is a very big investment and you should match it with appropriate diligence in security.

Mandoy

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Aurox

Quote from: Jumperman4 on February 01, 2020, 08:24:40 PM

Hello world,
I'm a newbie here but a somewhat seasoned bitcoin hodler. I signed up for bitwage and will begin recieving my pay in 50% BTC and 50% in usd. I figure il keep it like this for the next year. How many people here use them as a way of automating you btc buys? For the last year I've been using exchanges and il say forsure picking opportunities to buy is successful, such as the 6k levels buying. But I was curious if anyone else uses the service?

I am not using bitwage and I have no idea how it works. I am glad you post it here and I think I am going to check it out. But I do suggest if you want to know how many are using the services then you should make some pool in this forum so you can have an idea as to how many people are using it. Well I guess you should start doing a pool sooner so your curiosity will be answered.

Jumperman4

member

Activity: 66

Merit: 17

Hello world,
I'm a newbie here but a somewhat seasoned bitcoin hodler. I signed up for bitwage and will begin recieving my pay in 50% BTC and 50% in usd. I figure il keep it like this for the next year. How many people here use them as a way of automating you btc buys? For the last year I've been using exchanges and il say forsure picking opportunities to buy is successful, such as the 6k levels buying. But I was curious if anyone else uses the service?

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