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.
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.
Topic: Crypto as job salary - Yay or Nay? - page 8. (Read 797 times)
It depends on how many marketplace or business that accept Bitcoin as alternative payment.
If most of businesses accept Bitcoin, I would choose to receive 100 in Bitcoin (30% in Lightning Network and 70% in on chain), so I only use 30% for my monthly needs.
If most of businesses didn't accept Bitcoin, it would be 30% in fiat and 70% in Bitcoin.
The good thing to receive salary in Bitcoin is helping people to automatically DCA-ing Bitcoin every month without need to spend time to buy it.
If most of businesses accept Bitcoin, I would choose to receive 100 in Bitcoin (30% in Lightning Network and 70% in on chain), so I only use 30% for my monthly needs.
If most of businesses didn't accept Bitcoin, it would be 30% in fiat and 70% in Bitcoin.
The good thing to receive salary in Bitcoin is helping people to automatically DCA-ing Bitcoin every month without need to spend time to buy it.
With how volatile the cryptocurrency market is, I don't think that it's ever a good idea to be doing that, another thing that's worth mentioning too is that you're going to need a stable income to be able to get yourself the essentials like rent, food, and some leisure stuff, this way you won't have any problem with them and you can invest without having to worry about selling at the wrong time because you've already covered that part. Make sure to cover the most basics first before doubling down on crypto investments, people seem to forget the risk involved that they're willing to lose a lot of money just to get in which isn't the right move.
I think it's easy if we have the foresight and have the spirit to invest, of course, the salary choice we take is in the form of cryptocurrencies that have long-term potential such as BTC, ETH, but if we don't have that soul, it's better to still receive a salary in Fiat instead of risking a decrease in value due to market fluctuations and later feel disturbed in carrying out work activities.
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 -
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 -
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 would be your hard-earned money that can either grow on its own or shrink in value within a small time.
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