Getting paid in Bitcoin vs getting paid in Fiat - page 2.

slaman29

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Quote from: stomachgrowls on August 03, 2021, 05:35:50 PM

Not to break on that optimistic behavior of yours but dont expect much for this thing to happen because not all companies would really be that positive towards volatility aspect of crypto and we know that primary concern

or priority of company is to make profits which should really be stable and wont really be something that moves neither positive or negative which would highly affect their revenue.

I wont say that all would be having that kind of mindset but for sure there are still some companies would really be having that consideration.

Exactly. In fact, when I have seen on the rare chance working freelance in 2018 for crypto companies, you even get the complaint more from the employees who get paid in crypto. Companies just buy the crypto at a fixed price so it's not so important for them, but by the time they send it to you, and you pay the fee to send it to an exchange, the volatility might mean you can lose 10% easily on a single day if it's highly volatile.

molsewid

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Quote from: worldofcoins on August 03, 2021, 07:20:58 PM

It's better to have your options of payments and will do you good if you include bitcoin or another crypto in your list looking at how far IT has progressed since 2010 especially the Internet speed and Cryptocurrency, I wonder how many options for Services and Marketplace it has opened for IT world.

I currently earning a salary from my clients which chooses to pay me with cryptocurrency though I prefer to get a salary in a fiat basis but it's what my client prefer and all I can do is to teach myself how to transact it into fiat. SO far base on my experience this is better though I am not that good enough to handle the volatility of the cryptocurrency but at least I can invest some portion of my salary in that token which in some cases could give a profit and some are not and it's totally fine. Somehow, it is good to have an option which you would like to prefer to receive your salary but either getting fiat or cryptocurrency it is totally fine.

Reatim

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when the pandemic starts , we have a meeting about this if who wants to receive payments from bitcoin or fiat.

sad to say the majority wins and that is fiat( because only few of us knows and understand crypto while all of them were not.

Quote from: fuguebtc on August 03, 2021, 10:54:47 PM

Bitcoin is really good, but because of bitcoin's volatility it's not suitable for salary payment. No one will feel happy if their salary evaporates by 10%, 20% even 50% in a few days. Instead, they can use fiat to buy bitcoins for their own purposes.

if you are only relying on your monthly wages then yeah volatility will be your issue but if having another income like business or second job, maybe volatility will be your partner in which you will pray about the constant price drops.

19Nov16

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Quote from: Issa56 on August 03, 2021, 05:24:36 PM

From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.

For those who have transacted fiat and bitcoin, of course they feel very different, bitcoin is better in many ways, speed, no errors, and of course very safe even though sending or receiving with large amounts, hopefully Amazon will be a pioneer of e-commerce transaction systems so that it makes bitcoin is increasingly being used.

fuguebtc

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Bitcoin is really good, but because of bitcoin's volatility it's not suitable for salary payment. No one will feel happy if their salary evaporates by 10%, 20% even 50% in a few days. Instead, they can use fiat to buy bitcoins for their own purposes.

BuNga_cute

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Quote from: milewilda on August 03, 2021, 07:35:22 PM

Quote from: worldofcoins on August 03, 2021, 07:20:58 PM

Quote from: rosebrand on August 03, 2021, 05:35:14 PM

Everyone has their own choice to make, well not everyone will accept bitcoin as payment because of it's price fluctuations, but a real crypto enthusiast will always choose getting paid in bitcoin over fiat because there know surely it will be beneficial, bitcoin is an asset and also a form of investment tho there are risk involved, for me I will choose getting paid in bitcoin because I know surely with time the initial payment I got will produce more income.

It's better to have your options of payments and will do you good if you include bitcoin or another crypto in your list looking at how far IT has progressed since 2010 especially the Internet speed and Cryptocurrency, I wonder how many options for Services and Marketplace it has opened for IT world.

There are already some companies that do pay with crypto.
https://www.euronews.com/next/2021/07/14/paying-with-cryptocurrencies-these-are-the-major-companies-that-accept-cryptos-as-payment
Yes, this is directly into their service but we dont know if their employees are accepting the same or would really be having some option between fiat and crypto and that would
really be great.

It is true that there are some companies that give their employees the choice of whether they want to be paid their salaries with fiat or crypto.
Not even only company employees are starting to get paid with crypto, however there are some sports athletes who are starting to accept
payment of salaries with Bitcoin. Hearing all the news I was very happy, because crypto is heading in the right direction. So this proves
the future of Bitcoin is indeed very bright, we really have to be patient until really all companies can finally provide salary payments with Bitcoin.

milewilda

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Quote from: worldofcoins on August 03, 2021, 07:20:58 PM

Quote from: rosebrand on August 03, 2021, 05:35:14 PM

Everyone has their own choice to make, well not everyone will accept bitcoin as payment because of it's price fluctuations, but a real crypto enthusiast will always choose getting paid in bitcoin over fiat because there know surely it will be beneficial, bitcoin is an asset and also a form of investment tho there are risk involved, for me I will choose getting paid in bitcoin because I know surely with time the initial payment I got will produce more income.

It's better to have your options of payments and will do you good if you include bitcoin or another crypto in your list looking at how far IT has progressed since 2010 especially the Internet speed and Cryptocurrency, I wonder how many options for Services and Marketplace it has opened for IT world.

There are already some companies that do pay with crypto.
https://www.euronews.com/next/2021/07/14/paying-with-cryptocurrencies-these-are-the-major-companies-that-accept-cryptos-as-payment
Yes, this is directly into their service but we dont know if their employees are accepting the same or would really be having some option between fiat and crypto and that would
really be great.

worldofcoins

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Quote from: rosebrand on August 03, 2021, 05:35:14 PM

Everyone has their own choice to make, well not everyone will accept bitcoin as payment because of it's price fluctuations, but a real crypto enthusiast will always choose getting paid in bitcoin over fiat because there know surely it will be beneficial, bitcoin is an asset and also a form of investment tho there are risk involved, for me I will choose getting paid in bitcoin because I know surely with time the initial payment I got will produce more income.

It's better to have your options of payments and will do you good if you include bitcoin or another crypto in your list looking at how far IT has progressed since 2010 especially the Internet speed and Cryptocurrency, I wonder how many options for Services and Marketplace it has opened for IT world.

retnoanjani

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Quote from: rosebrand on August 03, 2021, 05:35:14 PM

Everyone has their own choice to make, well not everyone will accept bitcoin as payment because of it's price fluctuations, but a real crypto enthusiast will always choose getting paid in bitcoin over fiat because there know surely it will be beneficial, bitcoin is an asset and also a form of investment tho there are risk involved, for me I will choose getting paid in bitcoin because I know surely with time the initial payment I got will produce more income.

although I am a crypto fan, I prefer to earn in fiat. because I only allocate 10% of my salary for btc investment, the rest I use to meet daily needs. it's easier because electricity, gas, water bills, all using fiat, and e-money being the best choice for online payments.
as you said, this choice depends on each person. our needs are different, as well as the rules that apply in each country there are different.

stomachgrowls

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Quote from: Issa56 on August 03, 2021, 05:24:36 PM

From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.

Not to break on that optimistic behavior of yours but dont expect much for this thing to happen because not all companies would really be that positive towards volatility aspect of crypto and we know that primary concern

or priority of company is to make profits which should really be stable and wont really be something that moves neither positive or negative which would highly affect their revenue.

I wont say that all would be having that kind of mindset but for sure there are still some companies would really be having that consideration.

rosebrand

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Everyone has their own choice to make, well not everyone will accept bitcoin as payment because of it's price fluctuations, but a real crypto enthusiast will always choose getting paid in bitcoin over fiat because there know surely it will be beneficial, bitcoin is an asset and also a form of investment tho there are risk involved, for me I will choose getting paid in bitcoin because I know surely with time the initial payment I got will produce more income.

Issa56

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From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.

Issa56

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From my own experience and from what I believe I think paying in bitcoin will be better and I believe in future the payment method will change from fiat to bitcoin because I believe more companies are beginning to accept bitcoin as there payment method so I believe with time they will also start paying there staffs with bitcoin which will be very nice.

Sihab76

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Undoubtedly, cryptocurrency transactions are much easier and safer than Fiat.But in countries where cryptocurrency is not approved at all, Fiat is far more important than cryptocurrency.There is no cryptocurrency approval in my country so Fiat is much better than cryptocurrency here.However, in the near future, cryptocurrency will be approved in our country.

Shenzou

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Unless its a secondary job that does not ensure i eat or live for the night than i don't want to be paid in bitcoin, the reason for that is because in the real world you still can't buy the necessary needs or the day to day transactions with bitcoin, sure there are ways to go around this but what happens when you want to go and buy something for 10 dollars and the transaction fee turns out to be 4 dollars or it takes hours for it to be confirmed, bitcoin should be considered as an investment for the time being and not something that you have all your worth in it at least not at the current time, but i hope that someday we will be able to use it in our daily lives without worrying about transaction fee or time.

Dewi89

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Quote from: Dewi Aries on August 03, 2021, 11:37:06 AM

Too bad in my country bitcoin only can be used as an assets and not for payment. Maybe if can be payment, there are a lot of companies which made by some cryptocoiners can pay they employee with crypto. If me i really support if can be paid in crypto especially bitcoin, means people who know and who don't know if there are general companies can adopt it. About sell or not it is all depends on each employees.

Many countries may not legalize the regulation of paying salary with bitcoin due to restrictions on using crypto only as an investment, even if you don't receive salary in bitcoin but if your intention is to invest part of your salary in bitcoin then you will definitely buy bitcoin every month.

Yatsan

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Being paid in Bitcoin have both pros and cons od you will be better think of it for we all know that its value is really volatile so you maybe take it into advantage or the other way around. While on the other hand, being paid in terms of fiat which is a more stabilize value can also have both pros and cons in a sense that its value is stable that is cannot progress that far making you have greater value in your hand for it is what it is upon given into you unlike having Bitcoin that have greater possibility of increasing during the green market. Both are just fine as long as it is the free will of the employee to choose into what currency does he wanted to take his salary with.

Macadonian

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I wish I was paid in Bitcoin I would be willing to take a pay cut to be paid in Bitcoin not much but enough that it would still benefit me because I would not need to pay fees when buying Bitcoin from a exchange.

Dewi Aries

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Quote from: Abiky on July 30, 2021, 11:35:08 AM

Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.

Too bad in my country bitcoin only can be used as an assets and not for payment. Maybe if can be payment, there are a lot of companies which made by some cryptocoiners can pay they employee with crypto. If me i really support if can be paid in crypto especially bitcoin, means people who know and who don't know if there are general companies can adopt it. About sell or not it is all depends on each employees.

bosede1

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Fortunately, I hope my country will be developed to the extent that private companies will be paying in bitcoin because if so I will prefer to get paid in bitcoin than fiat currency.

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