If you can get paid through cryptocurrency, do you still choose fiat currency? - page 4.

bryant.coleman

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Quote from: Kadal Ijo on August 19, 2021, 04:35:43 AM

I will accept fiat currency instead of cryptocurrencies, as we know that almost all of my current needs use fiat and crypto, I only use it for online transactions and long-term investments. anytime we can buy crypto but to buy anything we have to use fiat currency.

Most logical answer. Fiat currency can be used for 100% of our financial transactions. Although the acceptance of Bitcoin and the other cryptocurrencies are increasing, they can't be used everywhere. And another factor is the ease of making transactions. Who will be willing to pay a very high transaction fee and wait for 10-20 minutes to get their transactions confirmed? Also, it is always easier to convert your fiat to crypto, rather than doing the reverse. IMO, it is OK to receive a part of your salary in the form of crypto, but the OP hasn't given that option.

Rruchi man

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Quote from: EvieLannister on July 26, 2021, 11:00:19 PM

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 i work in a company, and they offer to pay me in the form of cryptocurrency, i'll love the idea but will also accept to receive a fraction or percentage in traditional fiat currency especially if the company salary is my sole source of income. My reason being that i like to consider any money that enters into my cryptocurrency account as an investment and a last resort and will not want to develop the habit of always selling my coins to get fiat that will result if i permit the whole payment in cryptocurrency.

Gases

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I prefer to use USDT instead of Bitcoin, which is highly volatile. At present, the US dollar is still the mainstream payment method.

King Khaizan

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Some argue that the use of Bitcoin in paying salaries will make it easier for the company concerned to attract new talent while retaining old employees.

One who believes this is Eric Piscini, a financial technology consultant from Deloitte Consulting LLP.

In addition, Rise People, a Canadian online recruitment software provider, said there are a number of advantages to implementing Bitcoin as a form of salary payment.

Some of them are easy to use, minimal additional costs, and can attract more new talents. Then, of course, this method can grow Blockchain technology and Bitcoin itself.

Even so, discordant voices regarding the implementation are still heard from various circles. Some mentioned that paying salaries with Bitcoin would put employees in a confusing situation.

The risk of receiving a salary using Bitcoin cannot be ruled out.

Its value, which can change drastically, is one of the scourges to be reckoned with for employees and companies that implement this policy.

Fortify

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Quote from: EvieLannister on July 26, 2021, 11:00:19 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."

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?

For most people, except those who are already wealthy enough to live independently, it is simply not feasible for them to be paid in cryptocurrency for a full time wage. As in most cases they will need to convert it back to fiat currency in order to pay regular bills like rent/mortgage, electricity, water bills and property taxes. That just adds extra transaction fees in the middle, before you even try to calculate the fluctuations that can happen very randomly - it's great when the value of your monthly salary goes up, but it can cause great anxiety when the price starts to go downwards. For peace of mind, if nothing else, people will be paid in relatively stable fiat currency long into the future.

swiftbits

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I would still choose fiat. Even though I have a vast interest in crypto, I would still choose fiat as it gives me more options on which type of coins I would buy and freedom on when I would practically buy them.

Partially is acceptable as long as it's one of the trusted coins.
I would never accept coins that could potentially lose much value in a short period.

realcrypto

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I will prefer to receive my salary Partially in cryptocurrency though it has to be bitcoin not any other cryptocurrency because I know no matter the dip it will definitely pump with time, while the remaining fraction can be paid in fiat to enable fast bill payment.

Ryker1

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Quote from: freedomgo on August 16, 2021, 04:41:36 PM

If in the future the adoption is big and everyone will accept crypto, then I would rather choose crypto, but I don't think it will happen easily, it will take some time for people to get adopted in crypto and fiat will still be the most widely used in the world.

For now, my principle is crypto is not good for spending, it's good for saving or holding for your future, if you succeed, that's the time you can spend whether fiat or crypto, it doesn't matter as long as you can spend the way you want it.

Well considering this on my side on a case-to-case basis. Why?
Because not all countries have the same treatment of bitcoin and other cryptocurrencies --some of them considering as legal and also there are some thinking bitcoin is illegal and unacceptable. But if everything is good, why not if they will pay you bitcoin and besides you can spend whatever you want since bitcoin is a part of one of the most valuable cryptocurrencies. Fiat or crypto does not matter to me, as long as I have a source of income.

freedomgo

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If in the future the adoption is big and everyone will accept crypto, then I would rather choose crypto, but I don't think it will happen easily, it will take some time for people to get adopted in crypto and fiat will still be the most widely used in the world.

For now, my principle is crypto is not good for spending, it's good for saving or holding for your future, if you succeed, that's the time you can spend whether fiat or crypto, it doesn't matter as long as you can spend the way you want it.

Ruvi2000sew

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Because traditional money is accepted, I will be able to purchase cryptocurrencies at a convenient time using my saved money market analysis. This, in my opinion, will allow for greater profit and a greater quantity of overall assets. Because of the unpredictability of bitcoin pricing, accepting traditional money appears more sensible if you have the expertise and experience.

milewilda

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Quote from: dimox on August 13, 2021, 04:29:01 PM

paid in fiat is good than crypto, because you can separate how much you buy bitcoin, and for daily life. also, too little for people want to paid via crypto, minimum information or they know how these two things work.
we already know how it feel, paid in crypto from this site. in a fact, mostly, exchange to fiat for life.

You are definitely right on this one rather than on accepting crypto directly which would involved some fees when making out some conversion which simply means its a gross income compared when you do tend to accept
fiat as usual then you could always have the option on allocating those funds on investment,emergency funds, savings and other purposes you may have.So i do still prefer to get paid in fiat in the end of the day
but if ever there would be some alterations or changes then you wouldnt have any choice but to deal with it but talking about preference then most people do know on which one they would gonna choose.
We do really stick into traditional side of things.

dimox

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paid in fiat is good than crypto, because you can separate how much you buy bitcoin, and for daily life. also, too little for people want to paid via crypto, minimum information or they know how these two things work.
we already know how it feel, paid in crypto from this site. in a fact, mostly, exchange to fiat for life.

Cling18

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I find it risky because the market is volatile. I would prefer getting paid in fiat so I'll have my salary in a fixed amount. I could actually invest it with Bitcoin alone. It will also be hard for each company to pay with Bitcoin because most companies are regulated by the government but I also consider the fact that this kind of adoption could happen in the future.

uneng

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Quote from: Maslate on August 13, 2021, 12:01:29 PM

it was already more than 10 years that been receiving fiat money for my salary, and maybe it was time to get paid with crypto instead of fiat but it was all just a dream as it was impossible for now since this was not already introduced to our government concerning with that system. Until there is no support from the employers and the government, this couldn't come into reality. Maybe this could work several years from now but I'm not sure if I'm still working or already passed away.

Well, at least you are getting paid in crypto through signature campaign in this forum. It's a good beginning for those who can't get paid in bitcoin on their main jobs yet. In my opinion it's a big advantage just like OP said, you don't need to wait for the best moment to buy bitcoin, as you are weekly or monthly accumulating crypto payments in your wallet. Furthermore, you don't need to send money from your bank account to an exchange platform and you don't need to convert your funds from fiat into crypto, cutting taxes and increasing your profit this way.

Anyway it's really interesting how we have access to a wonderful feature like this (getting paid in crypto) in this forum right now, while most people in Earth will only become aware about this possibility in many years yet. The technological gap among people is huge even in a globalized world where everyone is connected to the internet 24 hours a day.

Maslate

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it was already more than 10 years that been receiving fiat money for my salary, and maybe it was time to get paid with crypto instead of fiat but it was all just a dream as it was impossible for now since this was not already introduced to our government concerning with that system. Until there is no support from the employers and the government, this couldn't come into reality. Maybe this could work several years from now but I'm not sure if I'm still working or already passed away.

Botnake

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Quote from: Baihaki Khaizan on August 13, 2021, 09:37:14 AM

this is a difficult choice, if you look at the price of bitcoin now then I prefer to be paid with bitcoin, but if it turns out that one day the price of bitcoin drops drastically, surely everyone will still choose fiat.

So, choosing both is the best option.

In my case, since there are still no merchants in my place that come to accept crypto payment, i prefer to get paid in cash. It would be hard for me to puchase all my basic needs and necessities if i still have to process my bitcoin from a reliable exchange and still have to pay its high transaction fee.

However, i know i should also have some bitcoin in my wallet as part of my investment. Bitcoin is still incomparable if you consider it as an asset or investment so atleast we should also learn to balance bitcoin from fiat according from its real life uses.

jaberwock

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Quote from: LogitechMouse on August 13, 2021, 08:17:48 AM

Maybe for others, they will choose to get paid in fiat currency but in my part its very hard to choose to be honest.
I've being paid through cryptocurrency for more than a year already and I lived with it already. I already know when to convert into our own fiat currency and when not to. This isn't the case for most here because they choose to hold the cryptos that they are getting especially if its crypto.

Well to answer that question, I think I'd still choose to paid through fiat currency but if they can pay me half half then I would take it

. After all, both of them are currencies. Its just that Bitcoin has more risk because of its volatility.

When you start to get paid in crypto and live your life that way, it is really hard to go back, I have been doing it for 5 years or more right now and I got offers from regular companies that offered fiat and I had to decline them all. I usually go to interviews, which are online anyway for the past 1+ year, and they usually offer me more money than what I am making right now, one of them offered x2 more than what I am making right now, I still declined it.

It is not about money for me, I love my job, and if they offer me a job that I will love AND get paid more, I may consider it, since I am doing my job at home already, I could definitely manage them both at the same time, I would be doing my current job a little less but I could. However, NOBODY in the world would offer me more money for what I am doing right now, it is just an insanely good job and I am getting paid fully in crypto, hence there is no way I can ever go back to fiat.

Baihaki Khaizan

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this is a difficult choice, if you look at the price of bitcoin now then I prefer to be paid with bitcoin, but if it turns out that one day the price of bitcoin drops drastically, surely everyone will still choose fiat.

So, choosing both is the best option.

harizen

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Quote from: shogun47 on August 12, 2021, 11:27:15 AM

Maybe in 10 years from now literally every store has the infrastructure to facilitate quick and easy cryptocurrency transactions. I remember the times when debit and credit cards were a quite new thing and you couldn't pay with card everywhere. Nowadays it is the pervasive standard. I think the same will happen with cryptocurrencies and the required infrastructure.

However, also 10 years from now, digital fiat payment will be more fast and convenient. It's already improved honestly and that's what people want.

Not all employees don't like the idea of receiving crypto as salary even they are aware of the good future on it. Maybe because the opportunity to use it everywhere is still far from happening. The majority of regular employees spend their salary right away so no difference at all if they will be paid in crypto as they will convert it to fiat quickly.

Those who will accept crypto as salary are those who already lurk in the crypto-world for a long time as they more understand the market volatility.

LogitechMouse

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Maybe for others, they will choose to get paid in fiat currency but in my part its very hard to choose to be honest.
I've being paid through cryptocurrency for more than a year already and I lived with it already. I already know when to convert into our own fiat currency and when not to. This isn't the case for most here because they choose to hold the cryptos that they are getting especially if its crypto.

Well to answer that question, I think I'd still choose to paid through fiat currency but if they can pay me half half then I would take it

. After all, both of them are currencies. Its just that Bitcoin has more risk because of its volatility.

Topic: If you can get paid through cryptocurrency, do you still choose fiat currency? - page 4. (Read 1541 times)