Topic: If you can get paid through cryptocurrency, do you still choose fiat currency? - page 2. (Read 1541 times)
September 29, 2021, 08:41:17 PM
This is worth to think of since it is really volatile and the same time fees are getting higher which means that you can receive a money that would be higher or lower. But i think my decision for now is no since i always in need of money but if i am getting paid higher like double my salary to day i think i could consider it since i could really save and hold it
September 29, 2021, 06:59:29 PM
If in our country Bitcoin is recognized by banks as well as Transfer, then I have no reason to believe in Fiat currency.
You still have to take that fact that fiat exists. But if most of the banks in your country are against to bitcoin and they're unlikely to recognize its potential.You'll have to accept that fact.
Bitcoin and other currencies are much better than Fiat.
They are as an investment and soon if adoption increases, we can pay it anywhere but this is for the most popular cryptos like bitcoin/eth, etc.
Banks will still conduct their operations in fiat currency, regardless of whether you believe in fiat currencies or not This is because banks do not operate in an airless space, but on the territory of certain states, and these states recognize only fiat currencies and require the same from banks, with very rare exceptions that only confirm the rules. In any case, even if banks recognize bitcoin and cryptocurrencies, they still conduct their operations in fiat currencies, exchanging for them at a certain stage, because the supervisory authorities or regulators will not allow otherwise. 
September 29, 2021, 04:59:25 PM
If in our country Bitcoin is recognized by banks as well as Transfer, then I have no reason to believe in Fiat currency.
You still have to take that fact that fiat exists. But if most of the banks in your country are against to bitcoin and they're unlikely to recognize its potential.You'll have to accept that fact.
Bitcoin and other currencies are much better than Fiat.
They are as an investment and soon if adoption increases, we can pay it anywhere but this is for the most popular cryptos like bitcoin/eth, etc. September 29, 2021, 04:06:29 PM
I definitely will consider getting my payment in bitcoin if I ever get the offer from my boss. Of course, that' will serve as another huge opportunity of multiplying my bitcoin assets as buying with oneself money may be hard sometimes.
For those people who do know about the opportunities of bitcoin profits in near future will surely prefer on accepting this kind of pay but for those who doesnt have any idea will always prefer fiat.So it all matter with preference but of course those decisions will really vary on your knowledge on certain things because its normal that you would be having that kind of decision if you dont have any idea at all.
But if you are a long time crypto user, you may prefer receiving fiat because you can always do your own trade and maybe get better rates than what your company is giving you. You can weigh better options when or where to buy your own crypto. But for some, they will opt for direct crypto payment so as to avoid the hustle of dealing with it. So yes, it depends on the preferences of the employee, where he will get much better deal.
You clearly have a point there. But despite the fact that I've known crypto for 4 years plus now. Somebody like me will still prefer to be paid in crypto. Not only because I know the potentials of Bitcoin but rather the fact that I someway, somehow value Bitcoin than fiat itself. I don't know why but that's the honest truth..
September 28, 2021, 06:50:13 PM
I definitely will consider getting my payment in bitcoin if I ever get the offer from my boss. Of course, that' will serve as another huge opportunity of multiplying my bitcoin assets as buying with oneself money may be hard sometimes.
For those people who do know about the opportunities of bitcoin profits in near future will surely prefer on accepting this kind of pay but for those who doesnt have any idea will always prefer fiat.So it all matter with preference but of course those decisions will really vary on your knowledge on certain things because its normal that you would be having that kind of decision if you dont have any idea at all.
But if you are a long time crypto user, you may prefer receiving fiat because you can always do your own trade and maybe get better rates than what your company is giving you. You can weigh better options when or where to buy your own crypto. But for some, they will opt for direct crypto payment so as to avoid the hustle of dealing with it. So yes, it depends on the preferences of the employee, where he will get much better deal.
September 28, 2021, 03:59:13 PM
I definitely will consider getting my payment in bitcoin if I ever get the offer from my boss. Of course, that' will serve as another huge opportunity of multiplying my bitcoin assets as buying with oneself money may be hard sometimes.
For those people who do know about the opportunities of bitcoin profits in near future will surely prefer on accepting this kind of pay but for those who doesnt have any idea will always prefer fiat.So it all matter with preference but of course those decisions will really vary on your knowledge on certain things because its normal that you would be having that kind of decision if you dont have any idea at all.
September 28, 2021, 03:03:37 PM
I definitely will consider getting my payment in bitcoin if I ever get the offer from my boss. Of course, that' will serve as another huge opportunity of multiplying my bitcoin assets as buying with oneself money may be hard sometimes.
September 28, 2021, 12:41:16 PM
Hehe 
I would prefer cryptocurrency reasons because most at time the market could be on a bull and this would allow you earn more after initial salary or wages paid to you. By this process you could save some crypto coin, maybe payment night be with BNB or ETH either any other reputable currencies, while company could possibly pay in a stable coin.
I think we all understand this so this is not the problem, the issue is that unless you are living at El Salvador you are going to have lots of problems to pay for the products you need and you will need to convert your cryptocurrencies to fiat and this is going to cause fees that you will need to pay, so I think the best choice for the majority is to still receive their pay in fiat and then convert all the money they can save from their paychecks to bitcoin when they have the opportunity. I would prefer cryptocurrency reasons because most at time the market could be on a bull and this would allow you earn more after initial salary or wages paid to you. By this process you could save some crypto coin, maybe payment night be with BNB or ETH either any other reputable currencies, while company could possibly pay in a stable coin.
September 28, 2021, 07:37:40 AM
It would be great to have a portion paid directly in Bitcoin. That way I would save on fees, and it would be an automatic DCA.
Not 100%, because many things are still not payable in Bitcoin. I would treat it as an automatic savings account.
Not 100%, because many things are still not payable in Bitcoin. I would treat it as an automatic savings account.
September 26, 2021, 11:21:20 PM
Personally, I don't agree with the boss's use of cryptocurrency as salary, which will make me lose the flexibility of assets. Since the price of cryptocurrency is not as stable as fiat currency, salary is a necessity to maintain daily life. If the price of cryptocurrency drops when I need to buy daily necessities, it will inevitably make me suffer losses. On the other hand, there are many channels for buying cryptocurrency. I can choose the appropriate funds to buy cryptocurrency at the right time according to my own investment plan. Using cryptocurrency as a salary will reduce the flexibility of my assets.
September 26, 2021, 09:01:24 PM
I still choose fiat currency to pay. Bitcoin has not yet been fully popularized, and only a few stores will use Bitcoin. Fiat currency can satisfy any payment, and you can also buy the currency you want to trade or invest.
Although Bitcoin is a very valuable asset, its price volatility is risky. When the price of Bitcoin drops, the wages paid in Bitcoin will be less than the original funds, and there will be a loss.
Although Bitcoin is a very valuable asset, its price volatility is risky. When the price of Bitcoin drops, the wages paid in Bitcoin will be less than the original funds, and there will be a loss.
September 25, 2021, 01:05:40 PM
Quote
Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
Yes. Its going be on trend in very near future. If my company is going to be pay my salary in crypto, certainly I would demand 100% of my salary in crypto coin as fiats requirement for my monthly commitment may differ, so will convert needed crypto into fiats and will hold back the rest of crypto in wallet which will certainly double up if the market is going fine.
September 25, 2021, 11:54:22 AM
Quote
Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
September 25, 2021, 11:02:56 AM
It depends on the cryptocurrency. If it is Bitcoin or any other cryptocurrency that is volatile, then I would certainly like to continue with fiat currencies. Because it wouldn't be very ideal for me to keep all my money in a volatile cryptocurrency. It is a really silly risk to take in my opinion. When Bitcoin price drops sharply, I would be in a big trouble in that case.
If we have option then surely in current situation mostly peoples will love to have fiat because they feel cryptocurrency is volatile but in some other situation mean if we have all on fiat rate, and we are able to sell this as we want than It's also not bad at all because we are taking this into our rate not in cryptocurrency, so it's not going to damage us even we can store our extra income for investment and for regular use we are good to go after sale of our cryptocurrency.One thing is sure if we have some surely then surely mostly peoples will go with fiat because in many countries still many issues regarding crypto and bitcoin and new rules and regulations also coming which are not good for crypto.
September 25, 2021, 07:01:28 AM
Quote
Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
I will definitely choose to get paid in fiat currency instead of crypto simply because you still need to convert it into fiat to be able to use it to buy goods and services here especially if your country does not consider any crypto as a legal tender. Moreover, the market is very volatile and it will have a significant effect on the value of your salary so I think it would be better just to stick with stable currency when it comes to your salary.
September 25, 2021, 05:57:40 AM
I will choose cryptocurrency over fiat currency. I think this is a good offer if I work and get paid for cryptocurrencies, this will get us used to investing so that we can get a lot of profit, of course I only want to get paid from coins that already have a good reputation like bitcoin, Binance or XRP .
September 24, 2021, 09:31:51 PM
I will still choose fiat currency. Cryptocurrency is highly volatile, and receiving it as income has certain risks, and economic losses will occur when the price drops. Not only can the use of legal currency meet the daily consumption, but also diversified investments can be made by analyzing the encrypted market to make more profits.
September 24, 2021, 12:09:00 PM
Yeah, I'd still choose fiat. Why? One of many reasons is that in the real world, not all are accepting cryptos as a mode of payment. Let's say here in the Philippines, since the Government itself is quite cautious about or in dealing with crypto they advise the public to be somehow cautious as well. So it's not that advisable for us to depend on crypto itself.
But, others might say that we can convert it via P2P or trading. Yeah, I'd agree but it's quite a hassle due to the P2P procedure. Especially, when it comes to emergencies. Hence, I'd like the of getting paid by crypto it's just not ideal where we are at.
But, others might say that we can convert it via P2P or trading. Yeah, I'd agree but it's quite a hassle due to the P2P procedure. Especially, when it comes to emergencies. Hence, I'd like the of getting paid by crypto it's just not ideal where we are at.
September 24, 2021, 11:46:07 AM
Hehe
I would prefer cryptocurrency reasons because most at time the market could be on a bull and this would allow you earn more after initial salary or wages paid to you. By this process you could save some crypto coin, maybe payment night be with BNB or ETH either any other reputable currencies, while company could possibly pay in a stable coin.
I would prefer cryptocurrency reasons because most at time the market could be on a bull and this would allow you earn more after initial salary or wages paid to you. By this process you could save some crypto coin, maybe payment night be with BNB or ETH either any other reputable currencies, while company could possibly pay in a stable coin.
September 24, 2021, 11:14:59 AM
No. I will always choose cryptocurrency only if the altcoin is not a dollar.
The dollar is the only currency in which I am ready to accept payments of funds, otherwise I will be happy to receive a salary in cryptocurrency.
However, under the current realities, cryptocurrency will always be converted to fiat money before being paid out.
but it's actually very nice if we are asked to choose in salary. and indeed what you say is true, but when we are asked to choose between crypto and fiat does not mean we choose one and leave the other.The dollar is the only currency in which I am ready to accept payments of funds, otherwise I will be happy to receive a salary in cryptocurrency.
However, under the current realities, cryptocurrency will always be converted to fiat money before being paid out.
Even though fiat still dominates now, it doesn't hurt when we take into account crypto because even though it is volatile, that's what makes it beautiful.
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