How many people here would choose bitcoin as their form of payment? - page 2.

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: BlackFor3st on April 06, 2020, 03:44:41 AM

It is not a problem with me if I will be paid 100% via bitcoin as I can just convert it right away into our local fiat upon receiving it. This scenario will happen only if I have expenses that I need to pay in fiat but if I can pay all my expenses via bitcoin then it will be better.

For others, volatility of price is their main reason why they didn't like to receive their 100% payment via bitcoin as they are afraid that their money will just shrink after they receive it.

That's the dilemma many face with the bolded statement. If I'm converting BTC to fiat, this is superb especially with the current uptrend.

But now I have fiat and I can't cash it out except in BTC, and I'd be losing value because of it.

rosealvina

newbie

Activity: 1

Merit: 0

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

The main benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin Ottawa transaction.
Crypto currency could be an efficient online currency exchange; on the other hand, buyers buy up bitcoins with the intention of investing much as they would with stocks. Some even think that bitcoin is a solid investment opportunity for retirement. Small investments and small steps will cover more ground.

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

It is not a problem with me if I will be paid 100% via bitcoin as I can just convert it right away into our local fiat upon receiving it. This scenario will happen only if I have expenses that I need to pay in fiat but if I can pay all my expenses via bitcoin then it will be better.

For others, volatility of price is their main reason why they didn't like to receive their 100% payment via bitcoin as they are afraid that their money will just shrink after they receive it.

Meowth05

sr. member

Activity: 854

Merit: 267

★777Coin.com★ Fun BTC Casino!

I don't have a lot of holdings right now so I will chose to not pay my bills with bitcoin, my country does not yet fully accept crypto as a means of payment so I will just have to stick to fiat for now.

Bitcoinislife09

full member

Activity: 1028

Merit: 144

Diamond Hands 💎HODL

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

I think there are only few people who would choose bitcoin as their mode of payment because bitcoin nowadays are not yet famous. many people know about bitcoin but they are not aware on how to access it. Through bitcoin payment you will no have difficulty in traveling and falling in lines to make your payments.

GDragon

full member

Activity: 658

Merit: 126

Quote from: KrisAlex18 on March 29, 2020, 03:41:41 PM

Actually this will only applicable if bitcoin has a fixed price but as we all know bitcoin and other cryptocurrency is volatile, which means its price changes seconds by seconds, so I don't think that it will be applicable as form of payment because once the bitcoin is dumping there would be no person that will use it to purchase some stuffs or will be a form of payment because they will lose their money if they do that and if we don't have choice to pay then we will surely lose our money. Bitcoin for me is only an alternative currency for fiat, it is only meant to be converted to fiat currency so we can use it to purchase some goods in real life.

I don't even think that there will be a lot of people choosing bitcoin here. If I would be given the option, I won't, for now. That's why I agree with this one, Bitcoin has a long way to go. Well, it depends really on the status of Bitcoin during the payout. There are so many aspects to think of before even thinking of accepting bitcoin as our salary. We all know about the volatility of it.

This will not work in my country too, I'm living in a 3rd world country. Few establishments accept bitcoin. Few people know about bitcoin. There are lot of people who didn't even own a phone. How would they accept bitcoin? I also need my salary as a whole and without the risk of losing it. I need it asap to pay bills, buy groceries, and other small transactions etc. Internet will also be a problem here. So it is more convenient to accept my salary in my local currency.

I'm also hoping for bitcoin to be accepted anywhere in the future, but not today. It's still a big risk.

coolcoinz

legendary

Activity: 2814

Merit: 1192

I would and I'm acually doing it to some extent.
If we count all sources of my monthly income, some of them will be Bitcoin sources, including this signature campaign that I'm in. This and another side job that I have pay me some money in Bitcoin. It's not a lot of money, but adds to about 20% of my income which I spend on stuff that I need or save up.
If I had only one job paid in fiat money, I'd really like to be able to get 10% in BTC every month. I know it's not an option for everyone because of the impact that volatility can have on your mental health and things like your relationships (wives don't like heaing that this month you brought home less mony because bitcoin lost value), but it is a good one for me.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

As of this moment, I think that most of us here will choose not to be paid in Bitcoin right now but in the future maybe some will do it.

I see two reasons why most will not choose Bitcoin as their form of payment especially in salaries.

1. Volatility - we know how volatile Bitcoin is. Today your Bitcoin's worth is $100 but tomorrow it can be halved or at the same time double. For some people, this is a bit risky because instead of having USD they choose to be paid in BTC and what if the value of Bitcoin lowered then they will receive a lower wage compare to if they just choose to be paid on USD which is less volatile.
2. Acceptance - not all establishments are accepting Bitcoin right now and it will be more hassle for them if they will choose Bitcoin as a form of payment because they need to convert it and then withdraw (unless they will transfer it to their cards). Now all establishments are accepting fiat currency so they will just accept USD as their payment instead of BTC.

1Dq

copper member

Activity: 475

Merit: 1379

Bitcoin Artist

If it was up to the number of people choosing this, then Bitcoin would obviously have become widely adopted, invested in and very soon the technology would get upgraded so that micro transactions would be fast and fees 0 (Lightning if not Light speed implemented haha). I'd totally sign myself up to that, but as it is now, I sadly couldn't survive.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

I am a bitcoin/crpyo holder and trader, but I will not choose bitcoin as my medium of payment in almost any of my physical transaction.

Here's the reason why:

It's not convenient to use bitcoin in any micro-transaction considering that it's fee is very expensive
The transaction speed is very slow! imagine you are going to wait 20-30mins just to pay something
Not all of the time you have internet so that might be a problem too.

Yes bitcoin is very good in transferring large amount of money but using it to buy goods in small quantity is not advisable. Bitcoin is just good here in the internet as a mode of payment, no hassle and anyone can use it.

Coyster

legendary

Activity: 2184

Merit: 1302

If I have just one source of income, I would not want to receive it in bitcoin, that is a very risky thing to do, I can only accept my wages in bitcoin if I have numerous sources of income and I dedicate the one I receive in bitcoin as a form of investment, which I'm just going to be accumulating BTC and not converting it to fiat.

But all my needs are mostly solved using fiat, if I receive my primary payments in bitcoin, I'm still going to have to convert it to cash frequently and with bitcoins volatility, I would be liable to loss.

Initscri

hero member

Activity: 1582

Merit: 759

I have, and always will, take jobs for Bitcoin. I'm a web developer / programmer and currently have jobs right now where the payment is processed in Bitcoin.

I see it as an easier payment method to fiat payment methods IMO, especially when dealing with people around the world. So 100% I would take Bitcoin payments for just about anything.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

I don't mind either tbh. If its BTC, then so be it, if its USD, so be it. The only fact that makes the option of accepting payments as BTC both risky and enticing is when the market price starts fluctuating, whether it be towards the positive side or negative side. Naturally, I think most would actually accept USD instead of BTC, all because of its volatility. Some may not even use the received funds to trade, but rather for other things, so USD would be the best way to go. If somehow, one way or another, BTC started to stabilize at a certain range of price, then most would probably accept BTC instead of USD, I of which would be one of them. But currently, there isn't really that much of an advantage of choosing either, nor a disadvantage, so I opt to choose whichever is pretty much available.

Gladiator25

full member

Activity: 232

Merit: 113

★777Coin.com★ Fun BTC Casino!

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

Having bitcoin as the mode of payment surely is faster because it is done through online or with the use of internet. Though paying in fiat will give you much safer and secured transaction because you see what happens to your money. Since here in our place, there is no much establishments or organization that accepts bitcoin as payment. If it does, I'd love to.

wozzek23

sr. member

Activity: 1568

Merit: 283

I don't see the need to be asking others, sure there is nothing wrong to ask for opinions, but what I'm trying to say is that at last you're still the one that's going to make that decision for yourself judging from the circumstances at hand.

If you are sure that after having up to 50% in BTC and 50% in USD that you will be able to survive with the USD that's left if in case the one you invested in bitcoin should fall, then you can go ahead and do that. It's good to always make calculations before taking risks. If you're jumping into bitcoin because you think the price will go up and you will get rich, well that's very possible, but think twice.

tbct_mt2

hero member

Activity: 2366

Merit: 838

There are two sides:

- Most of newbies in crypto want to do their exchanges in bitcoin. They don't trust altcoins, if they have faith and hope in altcoins, it does not because they trust altcoins, it is only kinda FOMO.
- Most of exchangers (not newbies) want to finish their trades in bitcoin because it is less volatile than altcoins. And bitcoin price tends to be stronger than altcoins. Altcoins themselves have their own advantages, cheap fees, fast transaction speeds but most of people tend to use Bitcoin more than altcoins.
It is always a bigger deal to get a good rate for deals via altcoins but things are more easily with bitcoin.

Marystpatrick

newbie

Activity: 26

Merit: 5

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

The end goal is for you not to sell your bitcoin during the dip, that is why it is better for you to accept 50% BTC - 50% USD.

This will enable you to sell your bitcoin when you have profited not to sell cause you are in need.

Hannu

hero member

Activity: 1063

Merit: 502

RIP: S5, A faithful device long time

Its nearly the same if pool pay toilet paper coins, worth of USD Roll Eyes

Zionatin

sr. member

Activity: 906

Merit: 263

The places I work online already work well for me thanks to bitcoin. I am able to be paid easily in bitcoin. There so many ways to be paid and most of the websites are enabling bitcoin and even other crypto as a payment option for withdrawing. Payment processors like payeer and webmoney already include some of these options.

XCANA

full member

Activity: 1470

Merit: 148

Quote from: Little Mouse on March 29, 2020, 08:16:25 PM

I would take BTC as payment from my boss if I was able. Here, BTC is illegal and I can not think of that. But when I get my salary and the price is low enough for me, I purchase some time to time. Still it is very hard because I have to find someone looking for sale.

Yeah, I can still remember that, years ago I had to buy some goodies with bitcoin and this happened few years back but till now there is no merchandise who involve into bitcoin payment method due to the high volatility of these coins. We the followers of Bitcoin would have love to make use of this payment method but most merchant don't make this available. Hope this happen in our areas in order to promote Bitcoin to the grassroots.

Topic: How many people here would choose bitcoin as their form of payment? - page 2. (Read 869 times)