Finally got my boss to pay me in Bitcoin - page 4.

gantez

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Quote from: Cynthia_sinach042 on December 19, 2022, 01:57:44 PM

Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses

I see you that you have attempted to may trade or investing in bitcoin and now that you have it you need to be careful and don't invest what you can't manage if you lose. You can convert some of your payment to usdt to keep for any case that you lose the investment. Don't invest all at once and this is my advising to you. Congrats to convince your boss and the colleagues you have.

Marvelman

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It's great that you were able to successfully negotiate getting paid in Bitcoin. As a digital currency, Bitcoin can be a convenient and secure way to receive payment, especially for those who may not have access to traditional banking or financial services. However, it is important to remember that Bitcoin and other cryptocurrencies are highly volatile and can fluctuate significantly in value. This means that the value of your Bitcoin payment may go up or down over time. It is also important to be aware of the tax implications of receiving payment in Bitcoin. Depending on your location, you may be required to report cryptocurrency payments as income and pay taxes on them.

Ryker1

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Quote from: Cynthia_sinach042 on December 19, 2022, 04:40:46 PM

Quote from: Renampun on December 19, 2022, 04:13:33 PM

but are you sure that your boss won't blame you if the bitcoin price continues to decline, because many people always blame other people who invite them, especially in this crypto world. don't forget to remind your boss that investing in crypto has a big risk but the return is also big.

I tried as much as I could to let them know about how volatile the market is, and after experiencing it myself I think my loss story was a good example for them to understand, I also talked on privacy and other uses of Bitcoin and my boss was amazed as to the privacy Bitcoin has compared to how he was transacting. Also I put a disclaimer and I wasn't giving away any financial advice.

Explain everything about the disadvantage and advantages of bitcoin to your boss, I am afraid that someday your boss will blame you once there is a misunderstanding in bitcoin. In your country bitcoin is allowed to use? Because the disadvantage could be your boss has difficulties with the documents regarding the taxation on which your boss run a business. However for now --congrats that your boss does what you have suggested. Now you can tell your boss how bitcoin transactions will flow.

Cynthia_sinach042

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Quote from: Renampun on December 19, 2022, 04:13:33 PM

but are you sure that your boss won't blame you if the bitcoin price continues to decline, because many people always blame other people who invite them, especially in this crypto world. don't forget to remind your boss that investing in crypto has a big risk but the return is also big.

I tried as much as I could to let them know about how volatile the market is, and after experiencing it myself I think my loss story was a good example for them to understand, I also talked on privacy and other uses of Bitcoin and my boss was amazed as to the privacy Bitcoin has compared to how he was transacting. Also I put a disclaimer and I wasn't giving away any financial advice.

Renampun

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Quote from: Cynthia_sinach042 on December 19, 2022, 01:57:44 PM

Hello everyone I am very excited today as finally my boss has agreed to pay in Bitcoin. After losing at my first attempt in Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses I got a little job on the side although a small amount paying job I think it is okay for me and I can get back on my feet.

congrats cynthia, you are lucky to have a boss who is able to foresee well and also cares about the staff. I hope that a few percent of the bitcoins that employees get can be used properly and they can set aside some of the bitcoins which they earn in personal wallets.

Quote from: Cynthia_sinach042 on December 19, 2022, 01:57:44 PM

Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.

Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.

but are you sure that your boss won't blame you if the bitcoin price continues to decline, because many people always blame other people who invite them, especially in this crypto world. don't forget to remind your boss that investing in crypto has a big risk but the return is also big.

Cryptomultiplier

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If it is for a main job, then I hope the fluctuating rates doesn't affect bill payments and other investments one would be tempted to embark on right away. Otherwise getting paid as a side hustle is more appreciated for ease of saving it up or backup in case of another pandemic or something worse.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

it will be a great experience to receive Bitcoin from the work you do in your workplace. But did you also educate your boss beforehand about how much risk of losing value this poses to your boss? because cryptocurrencies have high volatility so prices continue to fluctuate. for some people this will be very disturbing and make them panic. they really have to understand the advantages and disadvantages of using cryptocurrency before carrying out full adoption, as well as the ultimate goal of what cryptocurrency they can be used for. Great experience to be a part of developing bitcoin payments.

Quote from: NeuroticFish on December 19, 2022, 02:49:50 PM

Quote from: Cynthia_sinach042 on December 19, 2022, 02:11:17 PM

I would really want to save the Bitcoin I get from there but in case of personal needs I would touch it

This is not really the best way to invest, since personal needs can happen and then you may have to sell at a loss.
But yeah, I wish you don't have unexpected expenses and the investment will stay there for long.

this will be a problem, which hinders the use of bitcoin as a long-term investment, because everyone's needs will be different. they will sell bitcoin at a lower value to meet personal needs. really have to do financial management that is used as investment and used for personal needs.

NeuroticFish

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Quote from: LoyceMobile on December 19, 2022, 02:04:43 PM

There are no accounts in Bitcoin.

Good point. At the first read I thought the account in discussion is bitcointalk account. But yeah, it may be an account at a centralized exchange or the wallet mistaken for account.
@Cynthia_sinach042, can you please clear this out? Since it's not advised to keep big amounts of bitcoins on centralized platforms, you may consider getting a hardware wallet...

Quote from: Cynthia_sinach042 on December 19, 2022, 02:11:17 PM

I would really want to save the Bitcoin I get from there but in case of personal needs I would touch it

This is not really the best way to invest, since personal needs can happen and then you may have to sell at a loss.
But yeah, I wish you don't have unexpected expenses and the investment will stay there for long.

Quote from: Cynthia_sinach042 on December 19, 2022, 02:11:17 PM

but for now am very glad he agreed to pay in Bitcoin, not many employers where I am from would agree.

Not many agree that in the whole world, not yet. But we'll get there too someday, not too far in the future...

Cynthia_sinach042

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Quote from: NdaMk on December 19, 2022, 02:32:23 PM

Quote from: Cynthia_sinach042 on December 19, 2022, 02:11:17 PM

Well this is my side Job but it's all I have now I also do some other job too but it has it's period, I don't know what the future holds but I am taking it one step at a time, I would really want to save the Bitcoin I get from there but in case of personal needs I would touch it, but for now am very glad he agreed to pay in Bitcoin, not many employers where I am from would agree.

Getting paid in your preferred currency (bitcoin) seems a great feeling to you so congrats. My question is are you paid in dollar equivalent of Btc or the payment is an greed Btc. My advice is since this is your only major source of income at the moment and you will need some to pay bills it will be better to set side the amount yoh wish to save every pay time and then convert the rest to either stable coins or Fiat for daily use. Although we will wish to have everything in Bitcoin but its volatility won't allow that now. Also when you have some spend able amounts in fiat it gives the freedom to hodl for long.

Yes I am actually paid the Dollar equivalent of my salary in Bitcoin and I know about the volatility, I plan to split it into two ways then save some in Bitcoin the other half for miscellaneous stuff.

I think time would tell and hopefully it works, I am mostly excited not only about the pay but that I have reached out to those in my work place about Bitcoin.

NdaMk

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Quote from: Cynthia_sinach042 on December 19, 2022, 02:11:17 PM

Well this is my side Job but it's all I have now I also do some other job too but it has it's period, I don't know what the future holds but I am taking it one step at a time, I would really want to save the Bitcoin I get from there but in case of personal needs I would touch it, but for now am very glad he agreed to pay in Bitcoin, not many employers where I am from would agree.

Getting paid in your preferred currency (bitcoin) seems a great feeling to you so congrats. My question is are you paid in dollar equivalent of Btc or the payment is an greed Btc. My advice is since this is your only major source of income at the moment and you will need some to pay bills it will be better to set side the amount yoh wish to save every pay time and then convert the rest to either stable coins or Fiat for daily use. Although we will wish to have everything in Bitcoin but its volatility won't allow that now. Also when you have some spend able amounts in fiat it gives the freedom to hodl for long.

Awaklara

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I hope you also tell your Boss about the risks of Bitcoin assets that he uses to pay you and some of your fellow workers.
it might be fun to work with your boss. he has good communication with his employees. or you may be good at persuading people.
if your company is a provider of services or goods. maybe your Boss can also consider accepting payments using Bitcoin.

Cynthia_sinach042

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Activity: 22

Merit: 42

Quote from: NeuroticFish on December 19, 2022, 02:02:18 PM

Well, congrats! Is this payment for the side job or for the main job?
I'm asking because for the side job it's just the perfect way to do it (imho), but for the main job, getting the full pay in bitcoin is a bit risky unless you can live from other funds and keep the bitcoins untouched for a couple of years.
However, interesting move!

Well this is my side Job but it's all I have now I also do some other job too but it has it's period, I don't know what the future holds but I am taking it one step at a time, I would really want to save the Bitcoin I get from there but in case of personal needs I would touch it, but for now am very glad he agreed to pay in Bitcoin, not many employers where I am from would agree.

LoyceMobile

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Quote from: Cynthia_sinach042 on December 19, 2022, 01:57:44 PM

Assisted him in creating his account

There are no accounts in Bitcoin.

Do you really want your boss to be able to follow your money after he pays you?

NeuroticFish

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Quote from: Cynthia_sinach042 on December 19, 2022, 01:57:44 PM

just got my first payment in Bitcoin this evening

Well, congrats! Is this payment for the side job or for the main job?
I'm asking because for the side job it's just the perfect way to do it (imho), but for the main job, getting the full pay in bitcoin is a bit risky unless you can live from other funds and keep the bitcoins untouched for a couple of years.
However, interesting move!

Cynthia_sinach042

newbie

Activity: 22

Merit: 42

Hello everyone I am very excited today as finally my boss has agreed to pay in Bitcoin. After losing at my first attempt in Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses I got a little job on the side although a small amount paying job I think it is okay for me and I can get back on my feet.

Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.

Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.

Topic: Finally got my boss to pay me in Bitcoin - page 4. (Read 586 times)