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Topic: I did not understand something with the Bitcoin (Read 3646 times)

sr. member
Activity: 553
Merit: 250
November 28, 2016, 08:50:04 PM
I am also new to bitcoin not yet 5 months, a lot of things and terms that I do not understand, but with the existence of this forum is largely already answered. Thanks forum.
full member
Activity: 190
Merit: 100
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

well that is one of the risk of using bitcoin, but when you got bitcoin and you don't have any urgency it is better to keep your coin, because the bitcoin price can go up someday, so as long as you are patience you can gain more profit with bitcoin

you are right, someday the bitcoin price can go up but whether the price of bitcoin in someday ca go up? if go down? we don't know about that. So, I think using bitcoin like another currency or you save bitcoin and when the price bitcoin begin to go down you sell the bitcoin.
legendary
Activity: 1666
Merit: 1001
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

well that is one of the risk of using bitcoin, but when you got bitcoin and you don't have any urgency it is better to keep your coin, because the bitcoin price can go up someday, so as long as you are patience you can gain more profit with bitcoin
legendary
Activity: 1274
Merit: 1004
there are some ways users van follow
1. collect your koney till the price gets up again
2. gamble and try to make how much you faced into the recession that is something like 1-2%
3. do not care about the price drop and do the normal trading
sr. member
Activity: 812
Merit: 252
The wonderful thing about Bitcoin is how easy the transactions can be, it just need to be confirmed by the blockchain and voila, bitcoins appear in your wallet. That's why I think it's okay to be paid in bitcoin rather than real money because it's much easier. Just send the address and boom, money. In your point of view, I was also concerned about that, but since the price of bitcoin can either go up or go down, the question remains "When are you going to exchange it?" or better yet "Do you need FIAT over Bitcoin now?" It's all about timing and the necessity of things. Just remember to be responsible on it.

If you have fiat money or bitcoin he doesn't matter, is the way your manage your money. The price of bitcoin can change rapidly in minutes but is also true for the forex exchange as well. Your right that is very convenient to get paid in bitcoin because is easy and fast to receive it into your wallet.
copper member
Activity: 2786
Merit: 1256
Try Gunbot for a month go to -> https://gunbot.ph
The wonderful thing about Bitcoin is how easy the transactions can be, it just need to be confirmed by the blockchain and voila, bitcoins appear in your wallet. That's why I think it's okay to be paid in bitcoin rather than real money because it's much easier. Just send the address and boom, money. In your point of view, I was also concerned about that, but since the price of bitcoin can either go up or go down, the question remains "When are you going to exchange it?" or better yet "Do you need FIAT over Bitcoin now?" It's all about timing and the necessity of things. Just remember to be responsible on it.
hero member
Activity: 742
Merit: 526
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
In Australia, the employees could choose whether receive their salaries in fiat or get paid in bitcoin. Well, I don't know exactly how it works, but there are some point of it and seems you could set how much amount of your next pay in bitcoin. The idea is you could use bitcoin or hold it as the value always increase but if the price suddenly drop in one night, it doesn't matter as you already divide your salary (received in fiat and bitcoin), just hold up and wait until the price recover again. There are plenty of reasons why get paid in bitcoin, you can check at getpaidinbitcoin.com.au

Obviously, there is no such law in Australia that would oblige local employers to ask their employees which part of the wages they would like to accept in bitcoins. It must be an initiative of a few employers acting on their own, or, maybe, just one such employer. In any case, could you expand more on that if you know the specifics?
newbie
Activity: 42
Merit: 0
There's something i really dont understand something about bitcoin. If how bitcoin mining works?Except here in the forums, Is there any ways or sites on how to understand more about bitcoins?

Will you please share any ideas you have guys so that later or sooner i will understand deeply about bitcoin. Thank you Smiley
If you like to mine bitcoin then I will say it's not profitable if your electricity is very expensive but if your electricity is not too expensive maybe you can mine bitcoin, there are many good hardware that you can use to mine but I think it's 1 year before you ROI it, here's some good guide about mining bitcoin; https://www.weusecoins.com/en/mining-guide/ https://www.bitcoinmining.com/getting-started/
So maybe i would not prefer for mining. As you said, it is not profitable so better i will do, is to look any other activities that can gain more profit. Because i know, using bitcoins is very risky everything is risky.  But anyways, thank you that you share your ideas to me. I really appreciate it. Maybe the time goes by, i can find some activities that is worth my bitcoins.
hero member
Activity: 1092
Merit: 501
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

If you wanna know about in bitcoin, you must be observant in this forum or you can proceed or may ask in the member here about the thing that you wanna know. Just feel free to ask only. Just simple, bitcoin is the future money of all countries. That's it!
hero member
Activity: 1036
Merit: 514
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
In Australia, the employees could choose whether receive their salaries in fiat or get paid in bitcoin. Well, I don't know exactly how it works, but there are some point of it and seems you could set how much amount of your next pay in bitcoin. The idea is you could use bitcoin or hold it as the value always increase but if the price suddenly drop in one night, it doesn't matter as you already divide your salary (received in fiat and bitcoin), just hold up and wait until the price recover again. There are plenty of reasons why get paid in bitcoin, you can check at getpaidinbitcoin.com.au
hero member
Activity: 1092
Merit: 500
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

For me I'm not gonna agree to pay me in my work  through bitcoin, it is not advisable for now. Though we knew Bitcoin is volatile like most people said here so meaning much better for us now to keep it and held it for a while until the price increase.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

if bitcoin is available in many places in the world, so we can accepted bitcoin as our payment but for now, i think bitcoin is the other side money and still not using as payment for the jobs in real life.

but if somehow bitcoin is going to be our payment for the jobs and its decrease, i think i will sell it for the money and maybe i will save the money against bitcoin for this. but you know what, i think its need a time before we see bitcoin can be a payment for our jobs.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Nothing is 100% safe and everything has some risk,even fiat money system can collapse in a few years from now and the dollars you own will have zero value.


I agree with you, you can never bee 100% secured. Fiat currencies can also colapse, big economic crysis could burst any time.
But if you have a regular job you can get paid in fiat and you can find another job or part time job that is paid in bitcoins, so you can combine currencies and not be entirely dependent on none of them.
newbie
Activity: 56
Merit: 0
You know, thats a problem we are facing right now. Its very volatile. We cant control its price so if the value drops thats a loss. But bitcoins are good because it can recover so quickly and earn back what you have loss. Its just a matter of time before you earn some profit and its worth it because you can earn big amount if you reach the higher price. I dont get discouraged when the price drops because i know it will regain its normal price.

Get out of here scammer
hero member
Activity: 546
Merit: 500
The problem with using bitcoin as a wage pay is that the wage is usualy to small to cover the expenses. So having it even smaller, by price of bitcoin falling down is a big of a deal. But if you would have a wage that is enough to keep some as savings, being paid in bitcoin is very good option, as it was proven that bitcoin is excelent form of savings.
hero member
Activity: 644
Merit: 500
Transact Safer / Chase Better
Simple answer is you have to wait because it won't take much long to increase price in bitcoin. Not only you many people are holding bitcoin to increase it's price.
hero member
Activity: 840
Merit: 520
You know, thats a problem we are facing right now. Its very volatile. We cant control its price so if the value drops thats a loss. But bitcoins are good because it can recover so quickly and earn back what you have loss. Its just a matter of time before you earn some profit and its worth it because you can earn big amount if you reach the higher price. I dont get discouraged when the price drops because i know it will regain its normal price.
hero member
Activity: 994
Merit: 544
Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

I think you should keep a little bit of money in fiat for this very reason otherwise you must just wait for the value to increase. Also check how well your local currency is doing , sometimes even if bitcoin went down in $ the $ could be stronger so you get more in your local currency. This is just a smaller margin though.

Yes being diverse in investment is the wisest thing and the safest thing to do. Keeping your eggs in one basket is risky since if its gone or the price deflate then you ended of losing. But if you have diverse storage you have in banks in fiat form and cryptocurrency in bitcoin form then if the bank gets bankrupt you still have bitcoins, if bitcoins price deflates you still have money in the bank.
copper member
Activity: 2044
Merit: 591
🍓 BALIK Never DM First
There's something i really dont understand something about bitcoin. If how bitcoin mining works?Except here in the forums, Is there any ways or sites on how to understand more about bitcoins?

Will you please share any ideas you have guys so that later or sooner i will understand deeply about bitcoin. Thank you Smiley
If you like to mine bitcoin then I will say it's not profitable if your electricity is very expensive but if your electricity is not too expensive maybe you can mine bitcoin, there are many good hardware that you can use to mine but I think it's 1 year before you ROI it, here's some good guide about mining bitcoin; https://www.weusecoins.com/en/mining-guide/ https://www.bitcoinmining.com/getting-started/
newbie
Activity: 42
Merit: 0
There's something i really dont understand something about bitcoin. If how bitcoin mining works?Except here in the forums, Is there any ways or sites on how to understand more about bitcoins?

Will you please share any ideas you have guys so that later or sooner i will understand deeply about bitcoin. Thank you Smiley
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