Topic: Paying my staff in BTC -- effects? - page 2. (Read 3697 times)
Considering there is no transaction fee you could pay them every day/week which would mitigate issue at least partially.
So i have a few staff members across the country that we are considering using BTC as currency.
If i were to send 1600USD per week in BTC (currently ~290 btc); and then they were to immediately turn around and sell all or part of them for their currency (either GBP, EUR, etc);
What effect would this have on the market if the buys and sells were almost back to back? looking at the trade history -- just curious if 1600 back and forth is enough to cause problems for either party using BTC
RW
Edit: I think that their arent enough buy/ Sell orders for the conversion to be comparible. I think that the buyer would end up paying way more than what the seller would be able to flip them for.
RW
If i were to send 1600USD per week in BTC (currently ~290 btc); and then they were to immediately turn around and sell all or part of them for their currency (either GBP, EUR, etc);
What effect would this have on the market if the buys and sells were almost back to back? looking at the trade history -- just curious if 1600 back and forth is enough to cause problems for either party using BTC
RW
Edit: I think that their arent enough buy/ Sell orders for the conversion to be comparible. I think that the buyer would end up paying way more than what the seller would be able to flip them for.
RW
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