Should I exchange one BTC for one month of labor? - page 2.

doomistake

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Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

Bitcoins price is always fluctuating, even though the SEC didn't approve that bitcoin ETF causing its price to decrease again, but right now, it is on its way on increasing again. So, investing your money in bitcoin is not a bad idea after all, because you are going to make profits here in the long run, though, my suggestion is not invest all of your one month labor for it because you are going to need fiat in your daily expenses.

Just half of it will do, or 3/4 of it, just not the whole salary that you are going to get in one month, because it is hard to invest it all while you don't have anything left in you to buy foods and stuffs that you need in order to feed yourself, or your own family if you have one.

vantyzz

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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

CoinFoxs

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I think it's totally up to you, you don't need others suggestion because if you feel that the price of bitcoin is good or high than your monthly income from labor then go for it and if you think that you can make more money than one btc then do work hard and make more money in yuan.

raven7886

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Quote from: geopolisch on March 12, 2017, 10:31:12 AM

buying bitcoins with one month's full salary once per years is the thing I also have done twice since 2013. But it will be purely up to the level how much we afford for spending.

How you are affording to buy bitcoins with one full month's salary, I just wonder it will be possible for me only if my signature campaign pays me some surprise bonuses. But there will be no big issues when you are still affording to do so with your other savings.

I just see these all as how much faith people are having with bitcoin and its future, really motivating me. Just get into some plans to buy more bitcoins with my few available resources.

qiwoman2

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I think it's a good idea, why not? I don't have a regular job where I would earn fiat currency. Any income I earn now is through bitcoin related projects, investments or other digital currencies. It's the panacea for the jobless as well as those in regular jobs.

Zadicar

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If i were you i would accept it as a form of payment to may hardwork from my job since we do all know bitcoins price does increase in future or longer runs which means our salary would potentially go even higher unlike on recieving fiat it would still remain unlike on bitcoin but still the risk of lossing part of your money would be still there.If you cant accept the risk then stick to local fiat.

geopolisch

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Quote from: Yakamoto on March 10, 2017, 10:34:38 AM

It might be worth it for some people. It's a huge decision. For others, not so much.

Only invest as much as you can afford to lose.

Most people go to the mistake of putting all their saving into bitcoin thinking that they are going to become rich of it because bitcoin is a sure thing but quite the opposite, the bitcoin involves a lot of risks and if you don’t play it smart and pick the right time to buy or to sell you could end up losing a lot of money.

Still, buying bitcoins with one month's full salary once per years is the thing I also have done twice since 2013. But it will be purely up to the level how much we afford for spending.

Kevin77

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Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

Well, see even if the price went down ( considering the worst case ) then the price wont just become 0 in no time, since that's not how bitcoins works and hence you can just keep them with you and when you see a continuous downfall you should sell them. The benefit you get doing this way is that you always have the luxury to enjoy high prices if they are reached while still having the ability to sell smelling a descend.

Quote from: erickkyut on March 11, 2017, 08:25:47 AM

I think it should depend on the kind of work and the work load. 1BTC is not bad for a month salary here in our country. It is already beyond the monthly minimum wage that an ordinary employee can earn but if the work load is far beyond the ordinary, 1BTC is not enought. You should ask first for the type of work.

In many developing countries, I guess it would be great achievement if they are able to get one full bitcoin as one month wages as per the current bitcoin price is staying above $1100 levels.

erickkyut

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I think it should depend on the kind of work and the work load. 1BTC is not bad for a month salary here in our country. It is already beyond the monthly minimum wage that an ordinary employee can earn but if the work load is far beyond the ordinary, 1BTC is not enought. You should ask first for the type of work.

marketone

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In this world the most valuable currency is bitcoin, so think twice before selling them because once you sell them it will be very hard to buy it back.
Because right now I am depending on bitcoin earnings only, so monthly I am using only the amount which is useful for my daily life and rest I am saving bitcoin in cold storage for my future needs.

izanagi narukami

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Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

Bitcoin is something unique and it has high value more than gold recently. Just make sure that you have made your decision before try to change into bitcoin
Goverment also take responsible for this as they legalize bitcoin and allow their people to use bitcoin for salary

7788bitcoin

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My option is that, if you need the salary for daily living, then forget about taking BTC. If you are really keen, maybe a fraction of a BTC?

Until now, investing in bitcoin is still risky. Same advise - never invest more than you could afford to lose...

neochiny

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Quote from: Yakamoto on March 10, 2017, 10:34:38 AM

Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

That's actually an incredible look into some of the stuff that goes on in China, surprising that something valued at $1.2k USD is worth more than a month of labour in one of the more wealthy countries throughout the world (based on total wealth). In another way it makes sense, since there are so many people wages are driven down and the wealthy will buy things like this up.

It might be worth it for some people. It's a huge decision. For others, not so much.

Only invest as much as you can afford to lose.

One month only? Lucky you. In my place, 1 Bitcoin's been going for about 2 months of work, based on the average wage here. It's been so since the year started. [sigh]
1 whole Bitcoin's basically become something to save up for, for several months. Grin

At this rate, $500 per BTC (1 month here)has become naught but a pipedream.

hl5460

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Quote from: Yakamoto on March 10, 2017, 10:34:38 AM

Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

That's actually an incredible look into some of the stuff that goes on in China, surprising that something valued at $1.2k USD is worth more than a month of labour in one of the more wealthy countries throughout the world (based on total wealth). In another way it makes sense, since there are so many people wages are driven down and the wealthy will buy things like this up.

It might be worth it for some people. It's a huge decision. For others, not so much.

Only invest as much as you can afford to lose.

People may put too much hope on ponxi scheme like MMM to make quick fortune, or a way to escape the class barrier.

Yakamoto

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Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

That's actually an incredible look into some of the stuff that goes on in China, surprising that something valued at $1.2k USD is worth more than a month of labour in one of the more wealthy countries throughout the world (based on total wealth). In another way it makes sense, since there are so many people wages are driven down and the wealthy will buy things like this up.

It might be worth it for some people. It's a huge decision. For others, not so much.

Only invest as much as you can afford to lose.

MWesterweele

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Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

yes you may , I have friends that quits their jobs for bitcoins, they earning bitcoins more than what they earn in their jobs. They can achieve their monthly salary for a couple of days only.

anonbit992

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I love bitcoin and would love to invest into them. But if I were you, I wouldn't do that because I will not be able to stand the volatility of bitcoin, I will find it very hard to sleep. If you can stand the volatility after investing a major portion of your salary, then go for it.

I know that it is kind of hard to decide. Why don't you simply toss a coin and when the coin is in the air, you will get the answer in your mind.

ice098

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Quote from: hl5460 on March 09, 2017, 09:55:42 PM

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

try not to quit your job for bitcoin, earn bitcoin in your free time
Make it as your hobby or your past time ,you are taking a rest but also earning.Make it as your alternative currency in case of lackness.

OhMyCoin

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Long live Bitcoin.

"Bitcoin looks evil in the eyes of the authority and it must be stopped."

Well, because they want to control everything...

arransiv

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Depending on where you live,there are countries where that would be a pretty sweet deal and I would definitely take it,then sell some of the BTC to support my needs and the rest I will keep,if in the country you live in it seems like a good opportunity go for it,I think it's pretty cool that you can work for BTC

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