Topic: Should I exchange one BTC for one month of labor? (Read 16323 times)
If it works for you then why not? But I wouldnt advise you do that every now and then because it stil depends on your status. You can do that once or twice a year because you still need fiat money to spend on your daily needs.
It is too much of a hassle imo to recieve your salary in bitcoin. It is not easy to use them daily and to pay your bills.
Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
It would depend on which country you do live in because on my place even i would accept bitcoin as my salary i could able to cash it out anytime without any hassle because its just a matter of clicks then you could recieve it, the advantage of accepting bitcoin is the value does inflates you could possible earn or get more amount.Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
May I ask where are you based? In China, that's not realistic because bitcoin is not allowed to denominate other goods.
It is too much of a hassle imo to recieve your salary in bitcoin. It is not easy to use them daily and to pay your bills.
Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
It would depend on which country you do live in because on my place even i would accept bitcoin as my salary i could able to cash it out anytime without any hassle because its just a matter of clicks then you could recieve it, the advantage of accepting bitcoin is the value does inflates you could possible earn or get more amount.Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
May I ask where are you based? In China, that's not realistic because bitcoin is not allowed to denominate other goods.
Just go for it man. Dont worry and dont think too much in investing in bitcoin. More you think ,more confusions you will get. So just give a shot and see. Its risk I know. But without taking risk in life you wont succeed. In my opinion BTC price will only grow. Remember one think, risk only what you can afford to lose.
It is too much of a hassle imo to recieve your salary in bitcoin. It is not easy to use them daily and to pay your bills.
Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
It would depend on which country you do live in because on my place even i would accept bitcoin as my salary i could able to cash it out anytime without any hassle because its just a matter of clicks then you could recieve it, the advantage of accepting bitcoin is the value does inflates you could possible earn or get more amount. Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
i think its okay to exchanges one btc for one month of labor because its hassle free .
It is too much of a hassle imo to recieve your salary in bitcoin. It is not easy to use them daily and to pay your bills.
Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
Recieving salary through BTC is not 100% good, You can not use BTC in real life, and again you need to convert it into fiat currency. And if the price is stable and it will not go down then we can try, But we can not predict the BTC price after you get your salary the next day the price fall means what you will do am I right. So I don't like to take my salary through Bitcoin. Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
It is too much of a hassle imo to recieve your salary in bitcoin. It is not easy to use them daily and to pay your bills.
Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.
I will go for it. I will exchange my labor into bitcoin. It is the same process of paying your work per day or per hour. It is profitable to pay you one btc a month. It is okay for me to do it.
I would say go try half of your bitcoin change to your fiat because we all know we have to everyone of us need to pay or buy something like food and bills to pay. But the only issue here I'm seeing is the unstable price of bitcoin maybe you can lose a few bucks here and there if you chance if right away then the next day the price rises. Losing a few bucks is already big for some people, but I guess the decision will likely depend on the current market price, it you think its high enough for your, then convert it to fiat, otherwise hold it.
Exchanging your bitcoin for a months labor is not a bad idea. Well many sites like sites that offers signature campaigns gives bitcoins as form of salary to the typist who applied under them. But if you are not comfortable with it then just pay them with your local fiat currency. You dont need to be troubled with such simple matters. After all if you keep your bitcoins you will earn more profit later and so its much better to pay them in fiat currency.
At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.
If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me
The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.
Do you think it's good idea to buy and hold on a monthly basis? like 1000 yuan a month?
it is hard to answer these things with just numbers, you should consider this in a percentage basis. for example you make some amount in total each month. lets call that 100%.
out of this amount you spend 70% of life utilities, and you are left with 30%.
from that amount you can invest either all of it or smaller portions. i do something like 20% investment and 10% goes into my bank so i can have access to cash directly without needing to liquidate my assets.
You should consider your life status, if you are single and don't have someone to support(e.g. wife or kids) and you have enough salary for a one BTC and an extra money to supply needs for one month, it is okie to exchange it. But if the risk is that you will have an insufficient amount of money for a month, you should reconsider.
A:50/50; 50% for BTC and 50% for the allowance in one month is a good choice tho'.
A:50/50; 50% for BTC and 50% for the allowance in one month is a good choice tho'.
At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.
If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me
The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.
Do you think it's good idea to buy and hold on a monthly basis? like 1000 yuan a month?
if you are making $2000 yuan a month and your expenses are not more than 1000 yuan a month then yes it is an excellent idea to buy and hold bitcoin with that excess amount each month.
although i'd suggest buying with 80% of the excess amount to be safer.
At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.
If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me
The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.
Do you think it's good idea to buy and hold on a monthly basis? like 1000 yuan a month?
I'd be happy to be paid with BTC. I've already asked for it, but the people I'm working with can't do it. It would just take some organization, with a monthly exchange of a part of my income into cash. Maybe in a few years...
You still have the opportunity to buy bitcoins with the money you receive in fiat or in other forms so don't get disappointed.
If we have large monthly expenses then it would not be efficient to be paid in bitcoin as we have to exchange them in fiat or making online payments through third party services like plastic or virtual bitcoin debit cards.
Whatever happens, even if the bitcoin price reaches the moon, I can't exchange 100% of my income in bitcoin unless I have a large reserve in cash or in local bank.
I'd be happy to be paid with BTC. I've already asked for it, but the people I'm working with can't do it. It would just take some organization, with a monthly exchange of a part of my income into cash. Maybe in a few years...
I think exchange all of your salary into bitcoin is not a good idea, and then with bitcoin you still won't be able to buy all your daily needs, so you can only hold your coin into investment, so only exchange the part where you want to keep it as investment and then we still don't know what could happened with bitcoin don't put all of your saving into bitcoin
At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
A sequence of number would cost me 22 days of working, that's a big decision to make.
http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor
It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.
If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me
The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.
If you get to exchange 1 bitcoin every month and this does not cause you any inconvenience, then you have a good income. I would also like to earn this way. I am confident that this is the right investment
Yes that's income cum investment as you get salary in the form of bitcoin and on the other end the value of bitcoin keeps increases with little dip occasionally and i am sure that the value of bitcoin will be around 2000 USD by the end of 2019 or mid of 2019 as per my prediction based on my research so if you earn 12 bitcoin for a year as salary and now the value of btc is around 1100 approx and by 2020 it would have crossed 2000 USD which will leave you with a profit of almost 5000 - 1000 USD without any investment or hardwork.
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