Crypto as job salary - Yay or Nay? - page 6.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

This has been discussed, and there is already an existing topic about it, but for the sake of the question, will I accept bitcoin or any other crypto currency as a salary? No, why? Well, it's because my salary is my stable income, and we know that crypto currency is volatile, and any minute your salary could change depending on the movement of the market, along with transaction fees and conversion fees. So you think that if you have your own stable income and need to wait for a few days in order to receive your salary in the form of crypto, Well, for me, it is not practical. I know how to invest in crypto currency, and I already do that, but I want to separate my crypto life from my stable income because sometimes I get a small portion of my salary in order to invest in crypto, and I already have an established crypto currency fund where I think I don't need my salary to be in the form of crypto. Many are saying that it's fine with them, but didn't you think about the factor or effect of it? I don't disagree with crypto; it's just that it's not a practical way, I think.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

I'd just consider the government and local position regarding Bitcoin adaption which is why I still prefer to pay in fiat than BTC (or any stable currency).

Reasons:
- BTC is not accepted yet as a mode of payment
- I still need to spend a few bucks to convert it into fiat money
- volatility of the price

This is a salary that I expect should be the intact amount I received but if the BTC payment is pushed through, that possibly be changed due to its volatility and some extra trx fees. I believe the best option remains to fiat unless the employer covers all the extra fees that may happen.

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I’m sure lots of people would be attracted to the thought of earning cryptocurrencies however let us think about it from a realistic perspective. If I were to choose bitcoin or ethereum, both coins have an insane amount of transactions and gas fees. If I had to take out some of my salary for daily expenses and other bills, it would take so much fees from my salary which is something I do not want.

Maybe I would want it via other altcoins and then I could take out a small amount and then buy the rest of bitcoin.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

If I have only one income, it seems more logical to choose fiat and buy Bitcoin with the amount I increase. People who want to save Bitcoin already know how to buy Bitcoin and allocate a certain amount of their salaries as investments. While answering this question, it should not be forgotten how variable the crypto market is. Investments are personal decisions and everyone should make this decision with their own money.

Maybe this question will be answered differently 10 years from now, but it seems better to choose fiat now.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

Since I already am accumulating bitcoin and would want to be able to hold more then surely I would choose bitcoin. Of course there’s risks however I could think of it as dca strategy as my profit comes in at regular intervals. It is up to me how would I maximize my earnings but I just need my employer to give me my salary, not in fiat, but in crypto and specifically bitcoin.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

It solely depends on how I'd wanna utilize my salary and when it normally comes... If it's a monthly payroll, and I prolly have something else that fetches enough, I'd choose to HODL the Golden coin!
At that, I'm not expecting to break the bank anytime soon, but like i said earlier, it depends on the period though.

Quote from: Zlantann on May 14, 2024, 03:18:51 PM

One can earn in fiat but keeping or saving your money in the bank will be a costly mistake.

You can only complain of the effects of inflation if you already have enough to spare. For me, it's about how extravagant one can be.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

The fact that I'm going to change it to fiat even after getting paid, I think I will just go for fiat if I am allowed to choose the currency I want to get paid with, but if I must be paid with bitcoin, I will accept it. because if my job is my only source of income, what will be the use of accepting my salary in bitcoin when I know I will not invest at that time? Furthermore, bitcoin is very volatile; the price can change at any time, so I think it should be better for me to go for fiat. Perhaps if I am ready to invest, then I can change the means of getting paid to maybe bitcoin or crypto that I want to invest in at that time.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Well it's depends to how usable that salary is to you because if it's something you depend on for your means of livelihood then I believe having it in crypto is probably not the best idea although their is still the choice you chosing to save part of it if it's in crypto and then maybe sell the rest and use it for whatever purpose deemed fit. If am to choose the cryptocurrency then I think Bitcoin or USDT will probably be the option I would go for.

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Quote from: adaseb on May 14, 2024, 10:52:53 AM

Getting paid in crypto doesnt really matter. There are tons of signature promoters on bitcointalk which get paid in cryptocurrency. The issue lies more what you do with it after you receive your pay check.

This is also my stance on this topic. Whether paid in cryptocurrency or in fiat, you can swap between them. So, it all boils down to what the receiver wants. To save in bitcoin or in fiat. With the instance adaseb gave, you can understand that some signature campaign participants do not even spend from their earnings. They allow it to grow with bitcoin while some send direct to exchanges and convert to fiat. But keeping part in bitcoin and the spendables in fiat seems a nice idea.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

I don't really care about the currency, what matters is how much I am being paid. If I am paid in Bitcoin or other cryptocurrencies I will still have to convert some to fiat to enable me to use them for my daily expenses. If I am receiving payment in fiat I will still have to convert some of them to Bitcoin as my investment. My major focus or concern will be to have a high-paying job that can cater to my needs and still provide some amount of savings for my investment in Bitcoin and others.

Quote

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

One can earn in fiat but keeping or saving your money in the bank will be a costly mistake. Inflation leads to the loss of value of many fiat currencies. It will be better to invest in a sector that will bring profits to help cushion the effect of currency loss of value and Bitcoin has proved over the years to be a good hedge against inflation.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Actually everyone is entitle to decide what is best for him/her in my own opinion I prefer to be paid in fiat, reason is because you can't really predict the future of bitcoin. because the value can drop at any given time, you know bitcoin value is not stable always it varies secondly even when you get paid in btc before you can use it you will still need to covert it and this process is still going to cost you some amount of money and after this whole process you won't get that exact amount that they paid you as your salary. that is why is good to check the advantage and also the disadvantage before making any decision.

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Quote from: milewilda on May 14, 2024, 02:13:03 PM

Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Would be going with fiat because you dont want for your salary to shrink or would be dropping its price on the time that you do receive it on which we do know crypto that it could really be able to happen
on where several minutes or hours will really be something ends up on some correction. Same goes with pumping market then it could potentially be able to give out that kind of gains too
but even as a crypto enthusiast, you cant really be able to deny that you would really be that still preferring fiat. You could still have the option whether you would investing on crypto later
on or would really be tending to get that full amount or fixed ones. It will really be that falling into someones preference and need in the end of the day.

if stablecoin is considered crypto, receiving stablecoin as a salary would be much preferred. its value remains as is regardless of the fluctuating crypto markets. stablecoin will be the preferred one for employees.

but i'm wondering which company is going to be doing this. unless it's an online job it's going to be logical. if there is just a platform for employers to look for users accepting stablecoin, i think many of us are already in that platform looking for a job.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Both fiat currencies and cryptocurrencies are very liquid, so it's not so important how you get paid. You can convert between them quite easily. I already have Bitcoin and I need fiat to pay my bills and buy things, so if I were paid in Bitcoin,I would just convert it to fiat.

Getting paid in Bitcoin makes sense for someone who does DCA, but they wouldn't want they whole salary paid in BTC - only the amount they allocate each month.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Would be going with fiat because you dont want for your salary to shrink or would be dropping its price on the time that you do receive it on which we do know crypto that it could really be able to happen
on where several minutes or hours will really be something ends up on some correction. Same goes with pumping market then it could potentially be able to give out that kind of gains too
but even as a crypto enthusiast, you cant really be able to deny that you would really be that still preferring fiat. You could still have the option whether you would investing on crypto later
on or would really be tending to get that full amount or fixed ones. It will really be that falling into someones preference and need in the end of the day.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

Over the course of last year and the year before that, we had celebrities that wanted their wages to be paid by them promoters using Bitcoin, even some of the sport guys too, mainly baseball. This did make the news and trend for a while before it gradually didn’t feel like anything new. It’s a rare opportunity but, it ain’t anything new to receive your payment in Bitcoin.

If you happen to be working with any organization or corporation that gives you the leverage to choose a payment media in cryptocurrency, of course it would be best you go Bitcoin today or any other day. You should make certain considerations though, like the network fee which might serve some delays but, you’ve still got some benefits.

Like, you don’t get to plan on how you’re going to reinvest or invest in Bitcoin no more. The most you would find yourself doing is, withdrawing just what you need and being a hodler on the rest. It plays into having a good Bitcoin investment plan without any actual planning.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

I'd choose bitcoin of course, so the answer is yay. Since we're in "bitcoin discussion" I wouldn't want to be paid in crypto, but I'd like to be paid in bitcoin.

Quote from: blckhawk on May 14, 2024, 08:19:14 AM

With how volatile the cryptocurrency market is, I don't think that it's ever a good idea to be doing that,

Oh really? And fiat money is the stability you're looking for, right?

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You could've put a poll to get a more clear answer to this question OP but to me I think that it's going to be a nay for me, we have to remember that cryptocurrency is a volatile asset which means that it can be going up today and it could suddenly go down in an hour, the movement of the price is unpredictable even if there's some reliable technical analysis that's involved, the inherent volatility of most cryptocurrency is just too much which can only mean that if it's going to be your salary, you're going to have a hard time balancing your basic needs and your payment for house or rent if you've got a cryptocurrency for salary, remember that what you need for your salary is something stable enough that you won't starve or become homeless.

Maybe you can get away with doing that if that salary is from a side hustle but other than that, you got to be kidding me to be doing that with your main job so it's going to be a no for me.

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I prefer to be paid in fiat because I can control how much fiat I will use to invest in Bitcoin. I will manage that salary and adjust it to my family's needs. After that, I will know how much money I can use to invest in Bitcoin.

If Bitcoin has become a means of payment in my country and my company replaces my salary using Bitcoin, I will accept it. But if my country or company doesn't use Bitcoin, I prefer to stick with fiat. It depends on the situation and conditions in our respective places.

We have to look at the situation in our country first before deciding to accept a salary in Bitcoin. If receiving salary in Bitcoin is permitted, we may receive it in Bitcoin.

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Quote from: Muchiratsky on May 14, 2024, 08:07:33 AM

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

For example, if you are paid in crypto currency, what if there is a transaction or a heavy spike during delivery, will the company cover all of this? Of course not, the company will incur extra costs to send it. What if there is a reduction, who will be the loser? We should get the appropriate salary standards. Meanwhile, we need it for daily life at a price that is quite expensive due to inflation every year. Indeed, this asset is quite good for investment, but this method is not good in my opinion. Of course the company will comply with the rules that apply in its country regarding fiat money.

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Yay!

If there is an option to receive USDT, I think this will be a better option and then you have the chance to choose which crypto to invest for yourself.
I would probably provide a USDT wallet from an exchange if this is what my purpose would be just so I could easily try investing without having to send them to an exchange.

Topic: Crypto as job salary - Yay or Nay? - page 6. (Read 797 times)