How many people here would choose bitcoin as their form of payment?

gmakaveli

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Quote from: Kurokonobasuke on April 08, 2020, 04:34:23 AM

When the bitcoin develops at 2008, many countries are adopted on it because it was a perfect used for all online transactions. As time goes by many people are using bitcoin nowadays specially on those playing e-gambling, because bitcoin is the most useful currency when playing e-gambling. Bitcoin is not yet spread over the world because there are some people that didn’t now on how to use bitcoin like poor people who doesn’t a deep knowledge about bitcoin because there are some countries doesn’t fully implement bitcoin in their countries.

Bitcoin gambling is huuuge now, and this is the only way I use BTC for now (and that's only because I can increase my BTC amount instead of buying it for fiat). I'd use it only whn the time comes, even if it's several years worth of wait

Kurokonobasuke

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When the bitcoin develops at 2008, many countries are adopted on it because it was a perfect used for all online transactions. As time goes by many people are using bitcoin nowadays specially on those playing e-gambling, because bitcoin is the most useful currency when playing e-gambling. Bitcoin is not yet spread over the world because there are some people that didn’t now on how to use bitcoin like poor people who doesn’t a deep knowledge about bitcoin because there are some countries doesn’t fully implement bitcoin in their countries.

Anonylz

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Exactly, volatility would be one major reason many people don't use btc as form of payment, as for me, I only use it occasionally to pay for online services and this is only when there is no option for fiat payment, though it feels good to be able to buy or pay for stuff with btc at the same time we will think about the fluctuations.

BTT4ME

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If you earned some bitcoin (due to the increase of btc's value), then by all means use it as a form of payment.

But due to volatility, depending on whether it's bear or a bull, converting to a stable coin might still be your best solution to avoid unexpected knee jerk loss from using your bitcoin as your form of payment.

Kelvinid

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I actually use Bitcoin to pay bills but it was of limited since not all establishments are accepting this option. Though we'd like to see that but somehow, we can't push owners to accept the risk knowing that its price isn't stable and might possible also that they suffer losses. This think will hold why establishments owners won't adopt the system instead of sticking into the old one. I believe the crypto market isn't mature enough for this and people are having less interest to adopt the system due its high risk.

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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.

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TheAndy500

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

Question:

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

You don't know what Bitcoin is until you get your first payments in Bitcoin, no middlemen, not much to pay for transfer fee and you get it in decent amount of time. I don't think getting everything in BTC will be great idea as we are very much dependent on cash to live our daily lives. I am happy to get 30% in btc while rest in cash.

ReiMomo

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We know that the Bitcoin price is very volatile, I will take the chance if ever my company want to pay a Bitcoin instead of cash. But, there is one condition, it should be a dollar base value of Bitcoin. You can benefit most if that is dollar base when the price of Bitcoin will down and then convert to fiat when it is going grow. There are too many stores as of now that will accept Bitcoin but the problem is, I don't think if dollar base value of a fix Bitcoin amount.

Bitcoin is a good choice to use as of now, fiat currency is very dirty at this moment. You may be infected of coronavirus while having physical contact on it.

valuater

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Quote from: joinfree on April 07, 2020, 10:20:08 AM

Well, I work with some companies in this industry and though I accept payment fully in Bitcoin and rarely Ethereum I still have to cash out in order to settle real-world debts like utility bills you know. Moreover, you still need to purchase groceries and all of that but I have planned to save 10% of every monthly pay for the long term holding.

With bitcoin means you can take advantage of what is one of the advantages when we use bitcoin in addition to just investing our funds in bitcoin, indeed with the current conditions where the corona outbreak is still widespread, we of course also have to think for the necessities of life.

But in addition to that, what needs to be paid attention to is when we invest funds in Bitcoin, the current price movements are relatively stable compared to currencies that are starting to sink.

joinfree

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Well, I work with some companies in this industry and though I accept payment fully in Bitcoin and rarely Ethereum I still have to cash out in order to settle real-world debts like utility bills you know. Moreover, you still need to purchase groceries and all of that but I have planned to save 10% of every monthly pay for the long term holding.

XCANA

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Currently I would rather do with Bitcoin as a method if payment than any other method because its faster than the others. For most of my purchases for now when it come to online, I usually make use of cryptocurrency available payment method at the moment.

Although, most if these services are not available for us as citizens here because of the government restrictions. Vendors aren't available also to make the process available for us but only for the online. If this service were to be available in my country, I would prefer Bitcoin to fiats anytime any day.

pawanjain

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'As form of payment' Yes I would love to get bitcoin as a form of payment. But the better option would be to get the payment as partially in bitcoin and partially in fiat as of now. Bitcoin is not yet fully established hence it would not seem wise to have the payments fully in bitcoin. You would definitely to convert it to fiat for some of the payments. Getting the payments fully in fiat also would not seem wise because as a bitcoiner I would want to buy some bitcoins with the foat money and hence I would have to pay a fee to buy BTC. Hence getting the payments partially in BTC and rest in fiat would be the best thing.

FlightyPouch

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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.

Well, I will be choosing to pay using my bitcoin. The fact that Lightning Network is developed is for this reason. I am not just making my transactions more convenient and efficient I am also helping in a way to circulate bitcoin more. I just hope people would accept bitcoin more here in our place, the thing here is that despite people having a lot of debit cards, they are still using the method of using cash.

plvbob0070

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

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

It depends on the people who will receive the payment. Not everyone wants to receive bitcoin as a whole payment because of its volatility. Not everyone would take that risk. But for me, I will agree to receive 100% bitcoin for the payment because I agree with the other members here, which if you already know the value of bitcoin why you should not choose it over the fiat. I mean, I know how the market works, and I have been holding bitcoin and other cryptocurrencies, so it's not something new if I would accept a hundred percent bitcoin payment. However, the only problem with this is the price, which we all aware that it's too volatile that's why it somehow too risky to accept bitcoin. Like what I have said, not everyone is willing to take that much of a risk unless you are used to it.

Sanugarid

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Quote from: sheenshane on April 06, 2020, 06:55:23 AM

Quote from: Meowth05 on April 06, 2020, 03:17:21 AM

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.

That's it, this will be a case to case basis. We can use Bitcoin as payment if there are many merchants near in our country that accepting Bitcoin as a payment. But unfortunately, they are also affected by this current pandemic lockdown. I don't also use my Bitcoin as a mode of payment, because for me, this can be valuable stuff that can I preserve and gain profit in the future.

It really depends in the place where you situated at, for some bitcoin spending is as convenient as the fiat but that's not always the situation. I'd just spend a cryptocurrency like bitcoin or ethereum since it is the most accepted ones when I got a win with it, more of like spending what I earned from the price fluctuation so the value won't decrease. However, converting it to fiat will be a better move isn't it?

Quote from: sheenshane on April 06, 2020, 06:55:23 AM

Most of the crypto enthusiasts that own Bitcoin, some of them are holding and using it for trading, not for the daily expenses. And, I'm the of them.

same, I've seen the potential of bitcoin less as a currency and more like of investment. You just need to ride the wave from people to get earn with it. Bitcoin as a currency right now is still vague as it is volatile as it was in the beginning.

Ridwan Fauzi

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That is something that will be hard to do, like @Yatsan said above me bitcoin transaction proccess is very low and also its not suitable to be used to pay some stuff with a small amount.

Bitcoin is really suitable as an investment/trading place thus far especially for me. I've done it for at least two years and so far I can slowly bought everything as I want. So, I think I'll be prefer to choose bitcoin as an income place instead of payment system.

fiulpro

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The only way I would choose Bitcoins as a payment system is when the one person am sending payment to decides to pay 100% of the fee .

At the same time , it is so much cheaper and easier to send Bitcoins overseas and with the lightning payment integrated in the normal wallets the fee part doesn't even bother anyone.

Also , you can actually just encash the Bitcoins right at the moment the payment is actually sent ...

Also it gives you amazing opportunity to connect with people overseas which increases your jobs opportunities at the same time if you are looking to hire someone it is more convenient .

perfect999

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You can’t put 100% of your money in Bitcoin. I don’t even know how much you have in fiat either, so I wouldn’t say that 50% in Bitcoin and 50% in fiat is also a good idea. Just like me, I don’t think my money in Bitcoin is up to 10% of what I have in fiat, but that doesn’t mean the money I have Bitcoin isn’t big, it’s also big in some way.

You just have to know how much you can afford to put in Bitcoin. And Bitcoin is not the only investment I am into, sometimes I buy lands when I feel like, right now I have two lands that are untouched and their worth has increased. I have also invested in gold but not as much as I have done in Bitcoin. I try to diversify as much as I can.

sheenshane

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Quote from: Meowth05 on April 06, 2020, 03:17:21 AM

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.

That's it, this will be a case to case basis. We can use Bitcoin as payment if there are many merchants near in our country that accepting Bitcoin as a payment. But unfortunately, they are also affected by this current pandemic lockdown. I don't also use my Bitcoin as a mode of payment, because for me, this can be valuable stuff that can I preserve and gain profit in the future.

Most of the crypto enthusiasts that own Bitcoin, some of them are holding and using it for trading, not for the daily expenses. And, I'm the of them.

UserU

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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

Zionatin

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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

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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.

michellee

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I think for people who involve in crypto would prefer to use bitcoin than the other payment. But I don't think that people out there will also use bitcoin for payment because they still use fiat as the payment. Besides that, they don't know much about bitcoin, and they are busy to learn about bitcoin. Maybe they will learn about bitcoin and try to use it after their government accepted bitcoin as the payment. I think, for now, it is better to save bitcoin for a while after the price increase because if we can hold it until the price increase, we will make a big profit and that means, we are going to have much money Grin

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

Question:

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

Nope i will not even choose more than 50% of my payments to be in crypto because My family needs to eat since i am the only one working in family(but my wife had a small business at home online).
all my profit here in crypto remains Holding this is the agreement we made when i started investing here(but of course in emergency i need to convert some of my holding)so i think 50% of my paycheck will be enough for me to be in Crpyto like Bitcoin ,ethereum or even EOS.and the remaining will be going to my wife for Budgeting .

Cryptwerk

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i don't know about the people

but on Cryptwerk.com we collected about 4000+ different merchants (online/offline/b2b) that already choose Bitcoin as a form of payment)

Pay with Bitcoin >>>

Lizzylove1

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Christ The King

I do demand my brother always send fund via bitcoin and not through the traditional system which carries too high transaction charges and use the official exchange rate set by the bank, which is not actually the good exchange rate. I hate remittance through the bank.

camito

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Activity: 301

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DAEFROM.com

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.

Choosing Bitcoin as a form of payment is considered mostly of those users who have firsthand experience on it. Shopping, small retail transactions, and even payment for water and electricity bills. Considering this, any Bitcoin or Ethereum user would definitely not invest their 100% on something except for those who take risks. However, being in the crypto world and I think for every market, it is important to play safe while earning the right amount. We all would want gain anyway, and having the situation today, it is better indeed to sell and hoard rather than buy.

Janation

hero member

Activity: 1722

Merit: 528

This really depends on the place you are in.

If you are in a place that it is legalized, then we should look at how they would be using Bitcoin if they will be accepting Bitcoin every time. Would they be able to use Bitcoin directly or they still need to convert it to fiat to be able to use it? Here in our country, I would accept Bitcoin but not at 100%. Despite the fact that I can use exchanges to pay bills using Bitcoin, there are still those doubts that it might fall or dump at the time you really need it so I still need to accept fiat for spending and also for saving.

rezakurnia66

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Activity: 644

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Crypto assets are very popular in these few years (especially Bitcoin). Since 2017 Bitcoin has become an attractive asset for trading because of the price movements that can soar. So I also think Bitcoin will be developed as a means of payment. Many people who have Bitcoin will make it easier for them to make buy and sell transactions. Such as online shopping and transportation payments are online. For me this really agrees, let alone many people are using Bitcoin for payment media (there are already some stores that accept Bitcoin payments).

In addition to Bitcoin, payment media will be a valuable asset investment. Bitcoin as a payment medium or as a trading asset, as long as it remains a valuable asset, of course, has a good future.

Tiews223

newbie

Activity: 26

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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.

Bitcoins are great to use when you don’t have actual bills with you because the nearest ATM is broken or that you’re too busy to drop by the bank at the moment. Actually, with the current condition, where there is a pandemic and one of the fastest ways to transmit the virus is through physical contact by handling out objects, like money. Bitcoins are of great help for the no-contact. Bitcoins are good to store in your eWallet for emergencies or for other payment options.

Ridwan Fauzi

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Activity: 1330

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For me I want choose bitcoin as my payment system.

I can use bitcoin at least for two function, one function is I can still hold it and make it as an investment place that I can guarantee with 100% I'll get profit.

Second function, I can still use bitcoin as payment system. Online shope platform are appears especially ib my country and there is a platform who use bitcoin as payment tool.

XCANA

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Activity: 1470

Merit: 148

Quote from: FanatMonet on March 31, 2020, 07:30:24 AM

In our country, it’s quite difficult to buy anything for cryptocurrencies, I would choose fiat, and I would buy some cryptocurrencies for it, it would be even better because I would not have to mess with exchanges and lose money on commissions of these exchangers.

.

More like mine but not ban like other countries. The government here will not disturb anyone holding Bitcoin or associated with the said Bitcoin, but for the acceptance of Bitcoin from merchandise aren't available for our use. Am a bitcoin faithful since inception but have never purchase items with the said Bitcoin but always exchange my portfolios to fiats currencies before embark on payment. Hope to see more improvement on the part of the government in accepting the technology and enforcing it acceptance across the nation.

rathaha10

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Activity: 616

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io.ezystayz.com

Well, with volatile nature of the cryptocurrency market, i wouldn't advice anybody to keep all their eggs in it's basket. in as much as cryptocurrency offers a decentralized and a more anonymous form of financial system, it doesn't beat FIAT when it comes to security. Bitcoin might loose or increase value any day and so is any other cryptocurrency out there. In keeping your cryptocurrency, your wallet might get compromised or exchange you frequently used might get hack leading you to lost all your assets which in the case of FIAT, The risk is not that much. So i'd advice 50/50

FanatMonet

hero member

Activity: 742

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In our country, it’s quite difficult to buy anything for cryptocurrencies, I would choose fiat, and I would buy some cryptocurrencies for it, it would be even better because I would not have to mess with exchanges and lose money on commissions of these exchangers.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: iRaMMuS34 on March 29, 2020, 03:00:21 PM

Not yet, my friend. For now I'm just hoarding bitcoins untill it gets to a point when I'm sure this won't be another 250 btc for a pizza moment

Sometime this month you might need to sell though. I am not sure how diversed your fiat and BTC is but at some point of time this coming month you might need to sell especially that we're under pandemic issue right now.
I have seen some people posting here from New York that they're selling their BTC now, and I don't think that entails panic but just a natural reaction for satisfying their needs and not purely reaction from "emotion".

amishmanish

legendary

Activity: 1918

Merit: 1161

This is a completely hypothetical scenario for me as i have few avenues to use BTC for daily necessities. If i had the option to do that and actually spend it for things like grocery purchases on amazon through purse.io, pay for restaurant trips, uber trips, tech stuff etc, I'd be comfortable taking some portion of salary as BTC. I wouldn't say it'd be 100% BTC because eventually you need to pay some people off with fiat for their services.

The whole crypto-economy with its concepts of micropayments, streaming payments etc is built on the existence of a solid market and a macroeconomic scenario where the printing of money isn't an unlimited power with the banks. This culture where people are so dependent on paycheck to paycheck that a few months of shutdown needs trillions of dollars of dole-outs to companies and individuals is fundamentally wrong. Unfortunately, it is a system that the biggest economies of the world have built up. This is what bitcoin is supposed to change by showing people that they can save value in an inflation-resistant asset which won't be at the mercy of uncontrolled fiat injections.

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: Asuspawer09 on March 30, 2020, 01:06:50 AM

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.

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.

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.

Its actually possible if you make partnership with local exchange, the bitcoin send to your address will automatically converted to fiat or your local currency everytime that someone send to your address.

This is just an option if the stored or those who accept bitcoin payment is affraid about volatile price of bitcoin. If they are not affraid about volatility they can accept bitcoin directly then no need to convert to fiat.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Gozie51 on March 30, 2020, 04:29:48 PM

Quote from: jumail on March 30, 2020, 04:02:01 PM

After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

I like to pay and receive bitcoin but the above is the issue. Not many have adopted it and that means at a point, you would need to convert to fiat so you can take care of daily needs. Certain little products you need can't be bought with bitcoin for now.

I think, I'll still opt for 50-50. Not 100% bitcoin, though as we all hope that if we choose all btc, there's a chance that someday it will increase its price, higher than when you received it. But yes, you need to pay bills and other everyday living expenses, so you still need your fiat as only few merchants are accepting crypto til now. Maybe, someday, I'll go for all btc, anyway as you said, we can always convert our crypto to fiat in case we need it.

Oceat

sr. member

Activity: 2506

Merit: 368

Ever since I know Bitcoin I have been spending most of it back in the days purchasing something from the internet but I just realized that I need to hodl Bitcoin since I saw the chance of it to be a good asset in the long run. Through Bitcoin payment most people would start to adopt and use it. There's a lot of usage of Bitcoin and cryptocurrency available these days so I think the adoption might be hasten.

Gozie51

hero member

Activity: 2660

Merit: 630

Quote from: jumail on March 30, 2020, 04:02:01 PM

After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

I like to pay and receive bitcoin but the above is the issue. Not many have adopted it and that means at a point, you would need to convert to fiat so you can take care of daily needs. Certain little products you need can't be bought with bitcoin for now.

jumail

member

Activity: 353

Merit: 28

Popkitty.io - Blockchain Social Media

Isn't the volatility too high? while we are working and waiting for the salary to be used immediately to fulfill our daily lives? It would be more effective if we ourselves are dividing the income in a certain percentage as needed, and set aside for example 10% to buy BTC as an investment, I think it is more effective. After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

Pixyoxx

full member

Activity: 291

Merit: 119

Well That Really Depends, We Do not have any surety that bitcoin won't come low and in my opinion i wont use it as a primary form of payment because the price is uncertain many times , as i would say you should also consider it as your backup form of payment because it is really unpredictable many people would want to use it as their primary form of payments but yeah for now i would consider Bitcoin payments as secondary.

madhavsinghrajput

member

Activity: 66

Merit: 30

Quote from: Chris Barth on March 29, 2020, 03:02:42 PM

Answering the question asked in the topic, everyone here would most likely prefer too receive their payment in bitcoin. Afterall, we all signed up here cause we all want something to do with bitcoin. Adding to that, if you had the chance to pay someone for some service or goods, it'd be cool if you ask the person if he or she would receive payment in bitcoin. And if the person is already familiar with receiving bitcoin, be happy to carry out the payment as it helps increase the rate at which Bitcoin is used for payment.

It depends on country and service.How can daily wages worker can accept his payment in bitcoin.Some doesn't even have there accounts in the bank also.I think people who are fond of mall and shopping and purchases gift cards regularly can purchase giftcards in BTC.Right now i don't think people will accept there primary income in Bitcoin.

20kevin20

legendary

Activity: 1134

Merit: 1599

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.

Gotumoot

sr. member

Activity: 1372

Merit: 261

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

Nawrod

jr. member

Activity: 135

Merit: 1

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/

big_daddy

hero member

Activity: 1680

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xUSD - The PRIVATE stable coin - Haven Protocol

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

joeperry

sr. member

Activity: 2296

Merit: 470

Telegram: @jperryC

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.

Latviand

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Activity: 1540

Merit: 219

Quote from: Upgrade00 on 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.

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.

Quote from: Upgrade00 on March 30, 2020, 01:03:58 AM

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.

rhomelmabini

hero member

Activity: 2058

Merit: 578

No God or Kings, only BITCOIN.

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.

Asuspawer09

sr. member

Activity: 1876

Merit: 437

Catalog Websites

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.

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.

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.

Upgrade00

legendary

Activity: 2254

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Playgram - The Telegram Casino

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.

davis196

hero member

Activity: 3234

Merit: 941

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.

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

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.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: Nadziratel on March 29, 2020, 03:22:43 PM

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 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.

btc_angela

hero member

Activity: 2660

Merit: 551

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.

Oasisman

hero member

Activity: 2828

Merit: 553

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.

pooya87

legendary

Activity: 3472

Merit: 10611

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.

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.

Jating

hero member

Activity: 2842

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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.

LbtalkL

full member

Activity: 1176

Merit: 162

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.

maxreish

sr. member

Activity: 1358

Merit: 326

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.

Little Mouse

legendary

Activity: 2268

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

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.

verita1

member

Activity: 1358

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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.

Harlot

hero member

Activity: 1806

Merit: 672

I'll still prefer to use my cash if I still have fiat currencies to use, why? Even if we remove every problem Bitcoin will be facing from slow transactions, stores not accepting it, and to it being illegal I'll still prefer to use my cash first because in my own personal views I consider Bitcoin as my asset not some kind of quick cash I'll be happy to spend every time. If it weren't for the volatility and the potential gains I'll be having with it I'll be happy to spend it just like cash but that is not the case. Assets (besides cash) are not meant to be spent right away since you will just be wasting the opportunity to earn from it. I know that Bitcoin's purpose was to be an alternative to cash payments and to eliminate middlemen but the thing is Bitcoin is now even more compared to that and I'm happy that I treat BTC as an asset.

bL4nkcode

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Limited in number. Limitless in potential.

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

Question:

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

Sure. If bitcoin is already accepted in any store in my place, from the department stores to grocery supermarket and other restaurants, then why not? I'd rather scan a QR code to pay with my phone with BTC other than withdrawing first to convert to cash which is you need to got some atm machine first which I'm usually doing.

Eugenar

sr. member

Activity: 1274

Merit: 278

Well, if you mean bitcoin over fiat currency on payment, Yes I will agree, paying through bitcoin is such a good idea, bitcoin is so beneficial to each and everyone, besides it is more convenient compared to fiat currency in terms of transactions(paying bills, load, etc.) because it will happen through the use of internet, but the bad sides of bitcoin as payment is the securities, I don't believe so much internet in terms of securities because there are so many hackers and scammers in the virtual world, so you may be prone to be fooled in cryptocurrency.

KrisAlex18

full member

Activity: 742

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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.

carlfebz2

hero member

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For people who do know the value of bitcoin and its potential price in future then they would prefer on accepting their pays on btc form but the question is, would their employers consider such payment?
No they wont since we know that volatility wont really fit out not the same on traditional fiat so they would stick out on the old system no matter how we do like for such changes its still impossible for it happen.
Thinking of that not all wont be willing to get their salary which have volatility characteristic.Adoption is moving though but doesnt mean that we would get rid of the old fiat system.

Nadziratel

sr. member

Activity: 1568

Merit: 321

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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 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.

Chris Barth

member

Activity: 569

Merit: 88

Credibility: 999

Answering the question asked in the topic, everyone here would most likely prefer too receive their payment in bitcoin. Afterall, we all signed up here cause we all want something to do with bitcoin. Adding to that, if you had the chance to pay someone for some service or goods, it'd be cool if you ask the person if he or she would receive payment in bitcoin. And if the person is already familiar with receiving bitcoin, be happy to carry out the payment as it helps increase the rate at which Bitcoin is used for payment.

iRaMMuS34

jr. member

Activity: 55

Merit: 1

Not yet, my friend. For now I'm just hoarding bitcoins untill it gets to a point when I'm sure this won't be another 250 btc for a pizza moment

Jumperman4

member

Activity: 66

Merit: 17

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.

Topic: How many people here would choose bitcoin as their form of payment? (Read 909 times)