Topic: How do you like your sig campaign payments. USD vs. BTC - page 3. (Read 952 times)

Getting payment with BTC fix rate will be very beneficial for those who choose to save their BTC for long term, will gain more USD if the BTC price goes up.
Using USD rate will make the companies that conduct campaigns will be able to do the campaign in the long run.
Company will make calculation from campaigning for their business as well as the funds that must be spent
BTC or USD is not a problem for me.

what about this scenario :

pay rates is $50/week @0.005
3 months get paid by USD total $50x12= $600 , @0.005 x 12 = 0.06

assuming during the campaign bitcoin price dropped several times and it makes the amount of bitcoin we received a little bit increased higher.
if you get paid by USD in this scenario you probably get additional bitcoin which if you keep holding it until certain date -i would take an example when bitcoin price dropped to below $4000 at january 2019 to march 2019 and get doubled up at april to this date @$8000 , guess how much additional benefit you have received with my scenario above? of course really significant and that is why maybe i prefer with USD in hopes having extra bitcoins to hold .

Its very rare to see campaign nowadays that do offer those high rates on a campaign.If theres one then they do have strict
requirements like merits and reputation.Even on current year signature campaign earnings are still lot more better than
on most day jobs globally coz not all living on 1st world countries that why they do find it sufficient for them.I'd accept
either btc or usd as long im earning.

It was indeed pretty nuts during the last bull run. For a short while it paid more per week than most jobs I could find in my part of the world. If you were in somewhere in the developing world you would've easily been out earning your local judge or doctor.

I never expected any campaign to get above the equivalent of $50-100 per week in BTC or USD but plenty have.

For a short-term campaign, I'd prefer a fixed amount of Bitcoin. For a long-term campaign, I don't think it's realistic to expect a fixed Bitcoin amount.
The first campaign I was in, lowered the monthly amount of Bitcoin several times during the 2017 bull run. But even after lowering it several times, the dollar equivalent was still higher than when the campaign started.
My current campaign has never changed the rates, it's fixed in Bitcoin. If it stays like that in the next bull run, it's going to be a monthly Lambo

paying based on USD value is obviously more beneficial to the advertisers since bitcoin overall movement is rising and price keeps going higher so they will be paying less and less. conversely paying in BTC is more beneficial to the users. so obviously i prefer payment in BTC not USD equivalent.

with that said and keeping in mind that bitcoin is a currency itself and should be treated as such, i think for certain businesses it does not even make sense to pay in USD value.

we can categorize them into three:
1. a business that is running based on USD value. for example a shop selling goods that change value based on bitcoin price like steam selling games.
in this case it makes perfect sense because if price goes up, they earn less bitcoin so they can pay less bitcoin to their advertisers and vice versa.

2. a business that is running purely with bitcoin and is either not affected by its price at all or the effects are minimal. for example a gambling site or a mixing service. the former is affected a little by the price and the latter not at all.
in this case it makes no sense to pay in USD equivalent. the business is earning bitcoin and that amount is not affected by bitcoin price fluctuations. the only effect it may have is when we have a gigantic price rise like from $800 to $20,000 otherwise their revenue stays the same when price goes from $8k to $10k for example so their payment should not change.

3. like 2 but the effects are in reverse meaning if price goes up, the revenue of the business grows.
for example an exchange, when bitcoin price went from below $1k to above $10k levels their revenues (purely in bitcoin) grew a lot. these businesses paying in USD is absurd!

Most campaigns also don't raise payrates often, but I personally prefer payment calculated in just BTC as it's nice, simple and consistent for everyone, and even though it does suck to get paid in terms of dollars less when prices drop, my ultimate goal's just to stack more Bitcoin for the future more than anything, so it's not as much of a problem to me. A temporary difference of a few dollars won't matter in the future when Bitcoin moves to a price above where we're at now, though at the end of the day it's very opinionated and I suppose it just matters how you think about it.

BTC pay rates imo are better because there are more times when the price increases after the payments are given out but as someone mentioned there's also the downside of getting less than usual if prices dips down in the wrong time. For USD pay rates it's the opposite but I like the fact that you know the specific amount you're getting every week. I remember last year when Bitcoin went down to $5000 or less there's a few campaign participants asking for a small increase.

In every market the us dollar is the dominant and the most liquid currency, so you can understand why it's used to benchmark the value of an asset.

Another advantage of everything being calculated in us dollars is the fact that your own native fiat currency will likely lose a few percent value against the us dollar, which means that you can get more of your own native fiat currency by selling the asset you got priced against the us dollar value. It's a major win. I personally calculate everything against the us dollar even though my native fiat currency is the euro.

I always ask for payments in Bitcoin when I'm dealing with people on the internet. I'm not worried about volatility at all. I focus on the long term and hold firmly through bull and bear market.

I never understood the meaning of converting to dollars, if only because it is not my native currency. I know people who trading on Forex convert the balance into dollars also and trade in them. But this is a forum dedicated to Bitcoin, why there is a need to fix values in dollars. Who needs he can convert in what currency is convenient for him.

Seems like I am the first one suggested it and also voted on it.

Like I said earlier having fixed value for every week in USD will be better for BTC campaigns.

My very basic plan was to leave it open until the next big swing (up or down) and see where things went.
Also, added poll.

-Dave

There was a time altcoins was the best reward for bounty campaign and there were cases of 2-3x on exchange listing asides the fake prices and volume that exchanges put up now. For the moment, BTC is the best payment, the most profitable and reliable coin to hold in the market, the liquidity is well assured. Participant can decied to hold reward as long as possible without fear,the confidence to hold bitcoin is higher than ever and accumulation had double,

I used to join BTC paying campaigns before. but nowadays there is not so many BTC campaigns. the few campaigns over there. but they are all full. that time I only cared about BTC amount. and that's what I would still do if I get a chance to join a BTC paying campaign.
right now I am in a token bounty signature campaign. I have no idea how much will it pay at the end. finger crossed.

I have already see that Fixed usd value sig campaign pay and fixed BTC.Which one i would choose? BTC for sure.Im aware on the risk but also it can possibly go either ways.
If you can handle it out then i do much prefer on receiving btc.Its up to campaign management if they do lower it since they would pay up massive amounts in usd
if they do retain to such pays.The campaign which do really impress me the most is on Chipmixer, they are fixing 0.0375 max per week no matter what would be the price.

Even though Bitcoin is volatile, it can easily tip in either directions. But instill prefer getting paid in Bitcoin Paying in Bitcoin makes it easier for the campaign to maintain a fixed payout amount without stress. When a fixed USD rate is used, it means there will be constant calculations before payouts are made. 

I do collect BTC just to trade and increase my portfolio so to me the USD/BTC rate doesn't really matter. It only matters for people who spend it as soon as they receive it.

Also given that we are paid weekly, even thou someone were to earn $120 worth of BTC per week and the price moved up or down by 10 percent right after we got paid, that's just + or - 12 USD which isn't so significant since sometimes the movement can be in your favor while other times not.

It's has to be a win win situation. We all want a fixed BTC campaign but if this will hurt the company that you represent because of the price of BTC that keeps on fluctuating, it would be safe for the company to offer payments equal to USD. We have to think about the campaign too, if not and we just want what we want them to pay us then more likely campaign will not last for a long period of time.

It would be better if he asked to answer a poll rather than asking for suggestions which leads to repetitive things in different ways.

IMO,having fixed amount of USD per week and paying it in BTC the best choice because the signature company can plan their budget accordingly and no need to keep changing the reward amount after huge bump.

As long as the question is open-ended, we'll see streams of those.