I would, no doubt. No way I'd choose fiat over BTC.
The change in total circulating USD is already showing its true face but people don't want to see the truth. Prices are going up, yet we're being told it's because of the pandemic. It is one of the reasons but not the only one.
Just wait until people start realizing this is not just a pandemic but also one of the largest economical crashes in our history.
Topic: How many people here would choose bitcoin as their form of payment? - page 4. (Read 880 times)
March 30, 2020, 12:35:14 PM
March 30, 2020, 12:12:29 PM
Question:
I was curious if given the opition would you or would you not get all pay in 100% bitcoin.
The price of Bitcoin is volitle so for me it is difficult to use as a means of payment due to the time to time fluctuation in its price. And this is especially difficult for bussines owners to deal with as it can cause losses especially when bitcoin prices start to fall. So for me I am not 100 percent sure I will use it as my main payment method. I was curious if given the opition would you or would you not get all pay in 100% bitcoin.
March 30, 2020, 11:02:45 AM
I would definitely choose BTC as my form of payment If I could. But it's barely impossible... I'm pretty happy that more and more places are supporting btc payments. Moreover, many of cryptocurrency exchanges have their own crypto debit cards which is perfect if you want to pay with your crypto. I've already pre-ordered mine on CoinDeal, check this out:https://coindeal.com/card/
March 30, 2020, 09:55:09 AM
If I could, I would choose the 100% in Bitcoin
It's so easy to get fiat out from crypto, nowdays, or even spend your crypto directly, that I have no barriers to accept crypto as the only value for any kind of payment
It's so easy to get fiat out from crypto, nowdays, or even spend your crypto directly, that I have no barriers to accept crypto as the only value for any kind of payment
March 30, 2020, 09:01:42 AM
At this moment, I believe that it would be more strategical not to made invest a 100% into just a particular venture or currency. It would be a wiser strategy not to put all of your eggs in a one basket. If I would be given the chance to choose as to what I am going to be paid for and to be used as payment as well, I would definitely prefer Bitcoin which I believe many would also prefer. However, that would only be applicable if everyone is familiar and starts acknowledging Bitcoin as a currency that is capable of circulating in the market along with flat currencies. Although, I think its volatility, slow transactions, high fees and legalization is hindering it from being fully supported by the entire community.
March 30, 2020, 01:51:47 AM
It depends on financial statuses and the ease of transacting in Bitcoin is ones home country. If I spent my income regularly and there is very little I can get in actual BTC currency, I would prefer to be paid in fiat or a portion in fiat and the other in BTC, rather than having to convert to fiat whenever the need arises.
It depends on the company that you're working for if they allow what you've said half portion of fiat currency and bitcoin. But what's the problem of converting to fiat? You can pay bills and expenses with the use of bitcoin for a less hassle transactions. During times like this, you are not allowed to go out so what do you think is the solution for that? That's why there are companies and businesses who accepts bitcoin as a payment, and bitcoin is a digital currency, besides of it being a store of value, it can also be used as a mode of payments.
My decision would also lightly depend on the organizations' relation of salaries to fiat, i.e, if salaries are permanently and averagely fixed in BTC values and would not be adjusted during a pump or a dump, I may consider getting my payment in Bitcoin.
Yeah, you should check first if the organization have the kind of attentiveness to that kind of idea. Some organizations are very strict and they just follow their rules and regulations without having any consideration to their workers. If I were you, I will choose bitcoin over fiat if you really want to have a bigger value. Also for you not to spend your money in some unuseful things and not be wasted. If you received bitcoin, it will just remain at your wallet and you can't spend it quickly because it will undergo so many process before you convert it into fiat currency.
March 30, 2020, 01:32:27 AM
If necessities or any goods can be paid now with Bitcoin or it's widely used as mode of payment and satoshis are much more valuable why not, I think that's the underlying purpose of Bitcoin. I haven't heard any country or even a state that solely accept Bitcoin as payment and still people are using goats, I guess we still have a long shot before we can see that a reality.
But still people will find alternatives since bitcoin has more features need for upgrades such as transaction speed to say the least.
But still people will find alternatives since bitcoin has more features need for upgrades such as transaction speed to say the least.
March 30, 2020, 01:06:50 AM
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.
In my opinion, the bitcoin is not yet ready to be used and I think cannot really use as a mode of payment because of the volatility of the market price of bitcoin.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.
Surely it is a big risk using this bitcoin as a mode of payment or either accepting bitcoin as payment because the value could go up or down easily so it is always a big risk.
I think it is much better to use bitcoin just an investment because it is better that way and not using it as a mode of payment surely you could also take advantage of this and just use bitcoin as a mode of payment when the market price of bitcoin is pumping.
March 30, 2020, 01:03:58 AM
It depends on financial statuses and the ease of transacting in Bitcoin is ones home country. If I spent my income regularly and there is very little I can get in actual BTC currency, I would prefer to be paid in fiat or a portion in fiat and the other in BTC, rather than having to convert to fiat whenever the need arises.
My decision would also lightly depend on the organizations' relation of salaries to fiat, i.e, if salaries are permanently and averagely fixed in BTC values and would not be adjusted during a pump or a dump, I may consider getting my payment in Bitcoin.
My decision would also lightly depend on the organizations' relation of salaries to fiat, i.e, if salaries are permanently and averagely fixed in BTC values and would not be adjusted during a pump or a dump, I may consider getting my payment in Bitcoin.
March 30, 2020, 12:32:45 AM
Right now,100% of my income is paid in BTC.I wouldn't divide it 50/50 or 60/40.I would only sell BTC for fiat if it's 100% necessary to pay for some food or bills.I have enough fiat savings to survive for 7-8 months.
Be careful when buying undervalued stocks.Some companies might not survive the crisis and their stocks might go into the trash.I've never used Bitwage and most likely I never will.It's more convenient for me to just sell a portion of BTC to fiat,instead of using a third party service I don't trust.
Be careful when buying undervalued stocks.Some companies might not survive the crisis and their stocks might go into the trash.I've never used Bitwage and most likely I never will.It's more convenient for me to just sell a portion of BTC to fiat,instead of using a third party service I don't trust.
March 30, 2020, 12:27:17 AM
Like anybody else response. There are divided conclusion for many people here. Some prefer fiat rather than spending their btc. Wise though since it hasnt have a fixed rate, cause you might spending double today than you purchase tomorrow.
Also on the other note, people should also consider the usage of btc since even we wanted to spend it on some goods and services, not all establishments and firm accepting it. Maybe in the future, but the topic denotes picking a choice between fiat or btc.
For now, Im into fiat but when the time comes, when mass adoption is reach is exponential usage. I can consider using my btc to buy starbucks coffee with QR code payment. But for the meantime, lets spend wisely and only if necessary to use our btc.
Also on the other note, people should also consider the usage of btc since even we wanted to spend it on some goods and services, not all establishments and firm accepting it. Maybe in the future, but the topic denotes picking a choice between fiat or btc.
For now, Im into fiat but when the time comes, when mass adoption is reach is exponential usage. I can consider using my btc to buy starbucks coffee with QR code payment. But for the meantime, lets spend wisely and only if necessary to use our btc.
March 30, 2020, 12:16:47 AM
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 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 do not think it is right to invest 100% in anything of value for money. It doesn't matter in USD, Euro, Gold, Bitcoin or stock. Their value may decrease over the time cycle.
And no, I don't think it's right to sell BTC right now. I think buying BTC is the right decision. For this reason, I do not need to use any platform as mentioned. But still, I use it to experience such platforms.
Selling BTC depends if you really need the money or if you need something to pay for. But it is true that buying is more important this time, as this is the opportunity for you hold more bitcoin. The only bad thing here is that we don't have any idea until when we will hold our BTC and some people tends to pay their bills with BTC because they find it less hassle to withdraw. In reality, bitcoin is useful as a digital payment but it is a store of value so you should not use it in some other unimportant businesses. Bitcoin is very volatile, its price in the market vary depends on its volume and market, that's why people are really having a hard time managing their BTC as they try to pay their bills with it or with their own fiat currency.
March 29, 2020, 11:10:18 PM
I have used my bitcoin to pay for some services because it is hassle free. You don't need to go and fall in line just to be able to pay your bills. But as far as accepting bitcoin as pay check, why not? The problem is that not many companies specially mid-tier see bitcoin as an option, but 100% is too much though. Probably just a small percentage of your bi-weekly or monthly salary should go to bitcoin and then the rest to regular fiat.
March 29, 2020, 10:43:35 PM
I won't use Bitcoin as a direct payment option to any services or goods. Instead, I always convert to fiat specially when the price is high, this is to avoid taking too much BTC from my wallet.
So, I always consider Bitcoin as a store of value rather than a currency to pay for something. Though I made a handful of BTC payment before, but I just realized how valuable having a piece of BTC today.
So, I always consider Bitcoin as a store of value rather than a currency to pay for something. Though I made a handful of BTC payment before, but I just realized how valuable having a piece of BTC today.
March 29, 2020, 10:43:10 PM
I was curious if given the opition would you or would you not get all pay in 100% bitcoin.
someone asked this a couple of years ago and interestingly enough my answer has not yet changed. and it is no, i consider going 100% in bitcoin to be bad. bitcoin itself is still risky and pretty volatile and i would sleep better if i only had invested in bitcoin what i could afford to lose. on top of that bitcoin's adoption is not yet that big for me to "use" bitcoin only. so i still need fiat and i would have to keep selling bitcoin for fiat which is not something i like to do on a regular basis.
March 29, 2020, 10:42:54 PM
Yes 50/50 would be a good ratio. We all know that bitcoin is not yet universally accepted ay payment option so I guess if given the chance to received a paycheck again? I would allot 50% of that and the rest fiat so that I can used it for my daily needs.
The beauty of it is that you can hedge at least 50% of your salary to bitcoin, some sort of savings in the long run.
The beauty of it is that you can hedge at least 50% of your salary to bitcoin, some sort of savings in the long run.
March 29, 2020, 10:31:25 PM
If the bitcoin payment method is available on a particular store, of course, I prefer bitcoin and many will use it. But now those stores and establishments are limited. But on online Goods (Like a domain name, etc) I guess there are plenty of online goods that you can buy with bitcoin, so I prefer bitcoin online. Also, I have a local crypto wallet that has a feature to pay for your bills I use it sometimes, But for now, I never touch the bitcoin I HODL because of the volatility of the market.
March 29, 2020, 09:34:27 PM
It's a priviledge to use bitcoin as a payment. I remembered doing it last year in gasoline station. Well, the feeling is good since the new technology makes it more efficient and convenient for us. But not all here in my place still not open for new cryptocurrency payments. In times like this ncovid crisis, I do hope some supermarket will reconsider and accept btc payments.
But, I have been doing it often in paying my bills. Good thing our local exchange provided it. Less hassle.
And still, aside from using it as an online payment method, I am also considering it as a store value.
But, I have been doing it often in paying my bills. Good thing our local exchange provided it. Less hassle.
And still, aside from using it as an online payment method, I am also considering it as a store value.
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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.
March 29, 2020, 05:23:32 PM
I would accept to receive payments in BTCitcoin 50% and 50% USD. Only in the present moment because there is a lot of instability. We have already learned to live with its volatility, but at present, trade is unpredictable. But I still believe in Bitcoin and I wish we have good news soon so I can see market opportunities grow again.
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