Started getting paid 100% in Bitcoin starting with my last paycheck - page 4.

panju1

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Quote from: Possum577 on January 10, 2015, 04:40:20 PM

Quote from: exocytosis on January 08, 2015, 04:41:35 PM

Quote from: Kipsy89 on January 03, 2015, 03:36:17 PM

Interesting! Make sure you have at least a nominal amount of regular FIAT money so you are not screwed in case the Bitcoin experiment goes belly-up at any point! It is an interesting ride, but we should never forget about the volatile and experimental nature of this whole endeavour!

Bitcoin is destined to completely replace every kind of fiat currency by the end of 2015. It can't go wrong.

Only if countries disappear. What makes you think that countries would just abandon their currency for one they cannot control?

If all world trade starts happening in BTC and there are tangible benefits associated with adopting BTC, I am sure countries will have an open mind.

Possum577

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Loose lips sink sigs!

Quote from: exocytosis on January 08, 2015, 04:41:35 PM

Quote from: Kipsy89 on January 03, 2015, 03:36:17 PM

Interesting! Make sure you have at least a nominal amount of regular FIAT money so you are not screwed in case the Bitcoin experiment goes belly-up at any point! It is an interesting ride, but we should never forget about the volatile and experimental nature of this whole endeavour!

Bitcoin is destined to completely replace every kind of fiat currency by the end of 2015. It can't go wrong.

Only if countries disappear. What makes you think that countries would just abandon their currency for one they cannot control?

neurotypical

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Quote from: Elwar on January 09, 2015, 05:17:31 AM

Quote from: cakebet on January 08, 2015, 11:47:26 PM

Whats the first thing you bought with your bitcoin paycheck?

I spend bitcoins all the time, it's like pulling out a credit card by now. The first thing after my last paycheck was probably a plane ticket to London for the London expo using cheapair.com

If people got paid in BTC they would spend them on regular comodities too. Unfortunately if you own Bitcoin, most likely you paid for it with fiat, so most likely you are going to treat it as something rare, not worth spending it in something mundane so you rather hoard it. Thats what I do unless I find a way to get paid with BTC.

countryfree

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Your country may be your worst enemy

Quote from: Elwar on January 09, 2015, 05:12:24 AM

Quote from: countryfree on January 08, 2015, 05:50:09 PM

Congratulations Elwar! You're the most ardent BTC's fan I know.
If there were thousands like you, price of BTC would quickly jump back above $1,000.

One little question about bitwage: are they fast? How long does it take between the moment your employer pays them and you get the money in your wallet?

It is very fast. My company sends out the payroll on Thursday and I usually get paid on Friday, but looking at my e-mail, the first check showed going through on Friday my second check showed it going through on Thursday. Some of my co-workers use USAA so they get paid on Thursday, most regular banks have always given me a delay.

If you are looking for a better estimate I will pay closer attention to the time next paycheck.

Oh, very good. Thanks for info. If it's only a day, that's fine. I was afraid it would take much longer.

Elwar

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Viva Ut Vivas

Quote from: cakebet on January 08, 2015, 11:47:26 PM

Whats the first thing you bought with your bitcoin paycheck?

I spend bitcoins all the time, it's like pulling out a credit card by now. The first thing after my last paycheck was probably a plane ticket to London for the London expo using cheapair.com

Elwar

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Viva Ut Vivas

Quote from: countryfree on January 08, 2015, 05:50:09 PM

Congratulations Elwar! You're the most ardent BTC's fan I know.
If there were thousands like you, price of BTC would quickly jump back above $1,000.

One little question about bitwage: are they fast? How long does it take between the moment your employer pays them and you get the money in your wallet?

It is very fast. My company sends out the payroll on Thursday and I usually get paid on Friday, but looking at my e-mail, the first check showed going through on Friday my second check showed it going through on Thursday. Some of my co-workers use USAA so they get paid on Thursday, most regular banks have always given me a delay.

If you are looking for a better estimate I will pay closer attention to the time next paycheck.

cakebet

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CakeBet Bitcoin Casino

Whats the first thing you bought with your bitcoin paycheck?

countryfree

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Activity: 3066

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Your country may be your worst enemy

Congratulations Elwar! You're the most ardent BTC's fan I know.
If there were thousands like you, price of BTC would quickly jump back above $1,000.

One little question about bitwage: are they fast? How long does it take between the moment your employer pays them and you get the money in your wallet?

exocytosis

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Activity: 476

Merit: 250

Quote from: Kipsy89 on January 03, 2015, 03:36:17 PM

Interesting! Make sure you have at least a nominal amount of regular FIAT money so you are not screwed in case the Bitcoin experiment goes belly-up at any point! It is an interesting ride, but we should never forget about the volatile and experimental nature of this whole endeavour!

Bitcoin is destined to completely replace every kind of fiat currency by the end of 2015. It can't go wrong.

mlferro

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Activity: 252

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Quote from: maurya78 on January 04, 2015, 11:30:00 PM

That's awesome
I frankly would not have the guts to commit more than 10-205 of my fiat earnings to btc

I also do not, not today. But who knows in a near future.
Anyway, I just have to thank the shared experience.

dmugetsu

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Just save some FIAT

In bitcoin world,we never know what might happen

Elwar

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Viva Ut Vivas

Quote from: steelhouse on January 05, 2015, 02:32:07 AM

Quote from: Elwar on January 04, 2015, 03:39:40 AM

Actually, for me it is fairly different. I live overseas so I do not pay income tax up to my first $100k of income. I live in Germany where Capital gains on bitcoins is zero after a year. So I can buy and hold all year with these coins and spend my other coins. Simple enough to keep track of with one address for income. I can just change addresses in a year and start spending this income.

If you are a U.S. citizen, you must pay capital gains at the U.S. rate.

Yes, as long as I follow the same process of FIFO or LIFO. I think LIFO makes it easier for keeping close to the price I paid when I spend.

steelhouse

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Quote from: Elwar on January 04, 2015, 03:39:40 AM

Actually, for me it is fairly different. I live overseas so I do not pay income tax up to my first $100k of income. I live in Germany where Capital gains on bitcoins is zero after a year. So I can buy and hold all year with these coins and spend my other coins. Simple enough to keep track of with one address for income. I can just change addresses in a year and start spending this income.

If you are a U.S. citizen, you must pay capital gains at the U.S. rate.

activebiz

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you should always keep enough fiat in hand.

maurya78

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That's awesome
I frankly would not have the guts to commit more than 10-205 of my fiat earnings to btc

BitUsher

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I do the same but keep a little bit of fiat around for days like today when bitcoin is a bit lower. When bitcoin increases , everything becomes cheaper Wink

EvilDave

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Nice one, Elwar !

This is precisely what BTC needs right now, some positive pressure. If every Bitcoiner with balls enough was to do this, this would go a long way to giving BTC some much-needed stability.

knight22

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--------------->¿?

Quote from: gkv9 on January 04, 2015, 12:18:36 PM

Dude, congrats on your win in this race going on to make BTC usable at such extent...

Is it available for Indians too?

Not now. They only support US employers ATM but they do plan expanding internationally.

http://www.reddit.com/r/Bitwage/comments/2r6c6b/any_plan_to_support_canadian_employers_in_the/

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Dude, congrats on your win in this race going on to make BTC usable at such extent...

Is it available for Indians too?

knight22

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--------------->¿?

Why don't you use https://bitreserve.org to hedge volatility?

Topic: Started getting paid 100% in Bitcoin starting with my last paycheck - page 4. (Read 7074 times)