Topic: Should I exchange one BTC for one month of labor? - page 4. (Read 16323 times)
I think yes you should as bitcoin price tends to go up with time, you may get more than what you have agreed in terms of USD by end of the month. Also i think you also save tax on your income if you get paid in 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.
A sequence of number would cost me 22 days of working, that's a big decision to make.
that means going all in bitcoin and i never suggest that to anyone.
price still is volatile and that makes it hard to rely on bitcoin as all your money to have and when the amount grows your headache grows with it also. because if you have for example 0.1BTC and price moves up and down then not much problem but when you have 1BTC or 10 and so on the smallest change is stressful unless you had that amount a year ago and are already in a huge profit which is not the case for monthly payments.
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.
A sequence of number would cost me 22 days of working, that's a big decision to make.
I think in this year we might see some price fluctuations in the price chart and thus there will be some entry and exit opportunities. If you can manage to go with SIP (systematic investment plan) which focuses on buying in small quantities but in higher frequencies then you will have a good average price at the end. (It's my personal opinion and do your own research before investing).
one problem with bitocoin only salary is that you need to spend money to stay alive! like buying groceries and paying the bills and stuff. and for all of these things you need fiat.
so you either have to keep exchanging bitcoin for fiat and buy with it or you have to go through a third party that offers some kind of card you can use and end up paying higher fees.
another problem is the price. lets say you got paid at 8000 yuan and 5 days later you wanted to buy something and price was at 7800 CNY what will be the plan!
so you either have to keep exchanging bitcoin for fiat and buy with it or you have to go through a third party that offers some kind of card you can use and end up paying higher fees.
another problem is the price. lets say you got paid at 8000 yuan and 5 days later you wanted to buy something and price was at 7800 CNY what will be the plan!
If you feel yourself comfortable with the price then go for it. The price is quite good to profit you much higher, because we are in the zone were bitcoin is found above $1000 since February 14. So based on the needs its good to exchange to fiat, also etf approval is nearing which might give positive or negative effect though majority of users believe that etf gets approved.
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.
A sequence of number would cost me 22 days of working, that's a big decision to make.
i think you don't have to buy a whole of bitcoin but you can make order buy in small parts of bitcoin so you can have your salary to filled your need in daily. its not good to risk your salary just to buy bitcoin although you are tempting with the increasing of price and if you only buy bitcoin with your one month salary, then how you can filled your need for daily if you don't have money to buy something? be wise and not too greedy just to see bitcoin price is good for now but its up to you, i only can give this advice to you and i hope you can understand.
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
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