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Topic: Crypto as job salary - Yay or Nay? - page 7. (Read 794 times)

legendary
Activity: 2534
Merit: 1338
May 14, 2024, 12:37:52 PM
#26
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.
Where I live there are very limited options when it comes to using my coins directly to buy what I want, so in the case I wanted to make even some of the smallest and simplest transactions you can imagine, I will still need to convert my coins to fiat, so when you add the all the fees I would need to pay and the inconvenience of doing so, I will still like to receive my salary in fiat, and once I pay for all what I need, I would then allocate a portion of my remaining capital to buy more bitcoin.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
May 14, 2024, 12:07:54 PM
#25
It is my salary and I need some of it to get by each month so I will have to take some in fiat. If I am allowed to pick a percentage, I will take 70% in fiat and 30% in Bitcoin. No other cryptocurrency will be considered.

If I have to pick one, I will take 100% in fiat then buy bitcoin with the amount I want to from each pay cheque. This will change as my financial outlook changes.

- Jay -
I'd also do this, if it's my salary and my main source of income. Then, I'd just get a portion of fiat and Bitcoin from it. Well, that will be hassle to the company to cut the other and do the rest in fiat but if that's the incentive that they're giving to employees like me then I'd gladly accept that. But just as you've said, if it's going to be crucial for me and my situation that I have to pick one and in times like this. I'm good with my current BTC holdings so I'd choose fiat as well and will do the cut on my own for doing DCA for my additional BTC holdings.
full member
Activity: 5
Merit: 0
May 14, 2024, 11:42:58 AM
#24
It's actually interesting, the only thing that's stuck in my mind is what about fluctuations? The price of crypto certainly won't be the same every month, so if the salary for a job using crypto will definitely be a different amount every month, it might be a bit troublesome in my opinion. I can't imagine the details of the method for paying job salaries with crypto. But I've read that software development service provider Sequoia Holdings LLC allows employees to receive part of their salary in the form of cryptocurrency or digital currencies such as Bitcoin. They use a third party to run a salary payment program with crypto and the salary will be transferred to a recognized digital wallet. For now I choose payment by fiat because I don't know the detailed method yet, but it doesn't rule out the possibility that in the future I will also want to pay my work salary using crypto. And of course I will choose bitcoin and ethereum which I think are more secure.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
May 14, 2024, 11:06:14 AM
#23
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?
I prefer to be paid in BTC. I'm already used to it due to signature campaigns' payments, and it doesn't bother me in anyways. I learned how to organize my budget properly, converting the sum of money I need for daily expenses into fiat currency, while keeping the rest in BTC currency untouched. When you earn in Bitcoin, I feel like it encourages to invest more and spend less.

Also, it's much more accessible to invest when you receive your money in Bitcoin, than having to be paid in fiat to purchase Bitcoin right after, especially nowadays with the government crazy to tax and track all your investments' steps. Moreover, taxes are really abusive over crypto investments, so it's better that you are paid in Bitcoin and cashout it into fiat in small amounts, always you need the money.

On long run there is also another advantage, which is the fact your money is gaining more value when kept in BTC currency. On the other hand, you would be losing purchasing power by letting your money idle or invested at traditional investments categories at fiat banks, due to inflation.
hero member
Activity: 3108
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Leading Crypto Sports Betting & Casino Platform
May 14, 2024, 11:05:13 AM
#22
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?
I'd prefer to get paid with Bitcoin or any other crypto as long as it's an option or if the company will ask us weekly if what we prefer. But if it's a permanent thing then it won't be a problem to me whatever they prefer as long as it's BTC or any of the top altcoins. We've been used to it so that's not going to be a problem to me.

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
That's fine, I've been used to the risk and volatility of the market so it won't bother me anymore. Receiving crypto as a salary is a YAY and it sounds good, actually better if you're also a crypto investor. You don't need to think about purchasing it as you can basically hold it for your convenience as you treat it as an investment.
sr. member
Activity: 672
Merit: 416
stead.builders
May 14, 2024, 10:53:10 AM
#21
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?

I will prefer being paid in bitcoin, because i have a lot of prospects in using a decentralized digital currency like bitcoin than when i chose being paid in fiat under a centralized financial system.

If you'd prefer crypto payment, which currency would you choose and why?

bitcoin still remains and I've already stated the reason for that above.

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

if i cant afford to hodl in bitcoin and needs money for my daily needs, i will immediately convert some amount to USDT and and use them for up keep and for exchange purpose, while the ones i needed to safe up will remain in bitcoin as a log term investment.
legendary
Activity: 3808
Merit: 1723
May 14, 2024, 10:52:53 AM
#20
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.

Most people will just send to an exchange and sell it to a stablecoin or fiat and withdraw to their bank account. There are a few that hold the cryptocurrency for a while but those obviously are people who have some other income stream and dont depend on the paycheck to pay their bills. Since you can't really use bitcoin to pay your mortgage, car payment, grocery bill, etc.
hero member
Activity: 840
Merit: 932
May 14, 2024, 10:52:21 AM
#19
To be honest I am deeply invested in Bitcoin but at this moment in time I prefer my salary in fiat. It’s too much of a problem to have my whole salary in Bitcoin, it makes taxes complicated & I can't pay most of my bills with Bitcoin so I prefer to buy Bitcoin with a % of my monthly wage & get the rest in fiat.

If it’s even the only income coming then fiat could be the way out at least whenever you choose to invest in bitcoin you can still easily buy with fiat from different exchanges. The stress sometimes of converting every time to fiat will be much. Also the tax conversion burden is another issue again. If I had multiple income streams then the one that offers me bitcoin option might be the one I will take.

If anyone thinks I will choose Bitcoin here, then that person(s) must be a joker. I will go for the coins whose transaction speed is faster and will afford me a very low fee. Litecoin or Ripple will do.

Picking other fast or less fee Altcoins ahead of bitcoin is probably because you want to be converting to fiat all the time maybe because it is your main source of income. If it is then why go through that route when there is fiat option available to pick and safe the hassle. Those picking bitcoin are definitely those that want to hodl and are not regular converters. I don’t see any reason why someone will pick bitcoin or Altcoins when they don’t intend to hold them
hero member
Activity: 1652
Merit: 569
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May 14, 2024, 10:43:25 AM
#18
I would personally like to recieve 75% salary in my local currency and remaining 25% into Bitcoin because that's what I usually save or invest hence the 25% would be considered as an investment and I can still live comfortably without that 25%. I think everyone should risk only what they can afford to lose because if we opt for entire salary in Bitcoin and it's bearish run then what would you do?
legendary
Activity: 3262
Merit: 1614
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May 14, 2024, 10:32:50 AM
#17
To be honest I am deeply invested in Bitcoin but at this moment in time I prefer my salary in fiat. It’s too much of a problem to have my whole salary in Bitcoin, it makes taxes complicated & I can't pay most of my bills with Bitcoin so I prefer to buy Bitcoin with a % of my monthly wage & get the rest in fiat.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
May 14, 2024, 10:17:15 AM
#16
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?   
For me, I am indifferent about Fiat and Crypto payments, all that matters is for my money to reach me one way or the other. This is because my cryptos can be converted into fiat, and so is my fiat currency, it can be easily converted to any cryptocurrency of my choice, which makes this no big deal at all.

Quote
If you'd prefer crypto payment, which currency would you choose and why?
If anyone thinks I will choose Bitcoin here, then that person(s) must be a joker. I will go for the coins whose transaction speed is faster and will afford me a very low fee. Litecoin or Ripple will do.
sr. member
Activity: 2520
Merit: 280
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May 14, 2024, 10:06:47 AM
#15
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 we are talking about our main source of income then I would prefer the Fiat because we yet to see Bitcoin can be used for payments in day to day life, so if you recieve salary in Bitcoin then you have to convert them into fiat in anyway so you may spend extra while trading fee and withdrawal fee if there's any.

Instead you can use the salary to buy Bitcoin that you intend to save any amount from your salary for future use.
legendary
Activity: 3332
Merit: 3116
May 14, 2024, 09:59:49 AM
#14
would you prefer that or would you rather still be paid in fiat?
I have worked for a bitcoin salary in the past, and there is no difference between getting paid in bitcoin or in fiat if you will spend the money. There could be a difference if the goal is to hold, but it's hard to hold when you have to pay bills, house rent, and other stuff.

If you'd prefer crypto payment, which currency would you choose and why?
I would prefer a coin with fast confirmations and low fees, something like dogecoin or litecoin, because Bitcoin can be slow and expensive, so, it is not a good option at all.
legendary
Activity: 1456
Merit: 1108
Use chips.gg
May 14, 2024, 09:46:57 AM
#13
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?
I will accept a larger percentage in fiat based on the new regulations concerning P2P in my country, which would make it a bit difficult to trade cryptocurrency to fiat once the policy gets into full effect or use fiat to purchase cryptocurrency.

I will accept more in fiat, like 80%, and then the remaining 20% in BTC.
hero member
Activity: 2632
Merit: 833
May 14, 2024, 09:36:59 AM
#12
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 you can have 50/50, fiat and BTC then it might be good for you. But I don't think there will be company willing to do that, I mean it should be 100% Bitcoin or fiat per se. And I think if I'm not mistaken, there are history as well with mayor in the US willing to received their salary on Bitcoin crypto and other sports personalities as well. They know the risk involved as well and they are willing.

Mayor Adams to Receive First Paycheck in Cryptocurrency.
sr. member
Activity: 1638
Merit: 364
https://shuffle.com?r=nba
May 14, 2024, 09:32:06 AM
#11
I think this topic has been discussed many times here in Bitcointalk. My answer will always be the same. If I were into investment at the moment, I would receive my salary and have a choice between BTC and fiat. I would pick BTC. I would only choose fiat if I really needed it for daily use. I prioritize Bitcoin over fiat currency for long-term holding, only converting to fiat when needed for daily expenses.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
May 14, 2024, 09:18:06 AM
#10
For real I will certainly I would accept bitcoin specifically as payment method or as salary and I can also accept a stable coin as salary.

But the truth is that it doesn't matter what currency I get paid with whether crypto (bitcoin) or fiat but where it begins to matter is when I want to keep them, perhaps I would never save a dime for future purposes in fiat as they are all known for getting inflated over time but bitcoins volatility can be a good one as long as I'm keeping it for long but if I'm not going to save for up to 4-10 years then I would save in a stable coin but certainly not fiat.

A better option would be what the first person commented which is taking all payments in fiat then use them to purchase as such as you can.
legendary
Activity: 1890
Merit: 1102
Free Free Palestine
May 14, 2024, 09:14:21 AM
#9
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.

Many people will come and tell you that fiat currencies are losing value due to inflation and they will choose bitcoin. But if it were me, I would still choose to receive my salary in fiat currency because I don't want the value of my salary to fluctuate too much. What happens when you receive your salary in bitcoin and immediately after receiving it, the price of bitcoin adjusts by 10% or even 30%? Meanwhile, that salary is not only used for investment but also for daily living needs, and losing 30% of its value is something not everyone can endure. Meanwhile, with fiat currency, I can actively invest in bitcoin after completing my monthly spending plan.


For me bitcoin is more suitable for use as an investment asset, it is not suitable as a currency because of its volatility.
sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
May 14, 2024, 09:02:27 AM
#8
Bitcoin - yes, crypto - no. I'm totally okay with payments in Bitcoin, although I must admit that tax-wise and even simply comfort-wise it's easier to get local fiat currency as payment because then you can easily use it directly for anything. But even with that, I wouldn't say no to Bitcoin payments, as it's fairly simple in my country to exchange Bitcoin for local currency when needed. So the only issue is those rare times of extreme fees.
If you can receive your bitcoin through your salary, it's good, not bad if you actually want to invest in Bitcoin with part of your salary.

It is unrealistic and also unsafe to use all salary for investment in Bitcoin so the wise deal is receive only part of your salary in Bitcoin, the rest part is in your fiat currency to use directly without needs to make any on-chain transaction or to pay any tax from selling your bitcoin for fiat currency.

Quote
Importantly, it's always possible to just buy some BTC with whatever you're getting your salary in, so it's not a major issue.
You will have to pay fee to purchase Bitcoin from your salary but if you receive your salary in Bitcoin, you will not have to pay that fee.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 14, 2024, 08:52:20 AM
#7
Considering the exorbitant taxation on bitcoin transactions in my country and that it is accepted by literally no merchant, I would prefer having fiat as a salary, if I am in a job.

So it all boils down to these factors,
whether bitcoin or crypto is accepted by most merchants and shops in your city?
Are the exchanges and the government in good terms about crypto?
and maybe some more.

Since salary is the biggest source of money to be spent over the month, you want it in something that you can spend easily - for groceries, food and daily needs.
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