UFC fighters will get their bonus pay by Bitcoin

bakasabo

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Quote from: SpenserReed on April 25, 2022, 06:01:28 AM

Quote from: judeafante on April 07, 2022, 08:30:02 PM

Do you think the majority of athletes not only from UFC will be happy to accept their bonus by Bitcoin?

I don't understand what's the difference between BTC bonus and USD bonus. Bonus stays bonus in any currency Grin

When you receive USD bonus, your manager get a check from UFC. Fighters goes to bank and cash out it, or the manager gives him fiat and keeps check for other cases. The whole situation is transparent. But when fighter receive your bonus in BTC, I dont know who is the owner BTC address. Fighter create wallet by himself? Saves seed phrase, sets all the protection and etc? This whole headache is up to manager. But when comes time to share bonus with manager, coach, team mates, doctor and etc, it might be quite hard to explain to everyone how $50k bonus turned into $48,345 and/or why everyone gets less or more.

Dont forget, that when you get X USD bonus you can spend X USD, but when you get X BTC bonus, no one can predict how much you bonus will be tomorrow

SpenserReed

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Quote from: judeafante on April 07, 2022, 08:30:02 PM

Do you think the majority of athletes not only from UFC will be happy to accept their bonus by Bitcoin?

I don't understand what's the difference between BTC bonus and USD bonus. Bonus stays bonus in any currency Grin

Lucasgabd

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There's no need to be upset

Quote from: goldkingcoiner on April 20, 2022, 06:25:53 PM

<..>
That is exactly right! Politicians doing PR for Bitcoin is pure gold! Politicians also are just "influencers" who have a bigger fanbase aka the whole country's population

Just watch, There is a chance that Mexico makes Bitcoin legal tender in the near future, and as that happens I think it might create a pump up to 20-43x for the Bitcoin price.
I get my numbers from the population and GDP relativity. But my math does show me a definite pump over the possibly upcoming Mexico news.

Remember the impact on current price that the El Salvador news had about making Bitcoin legal tender?

yes! didn't know about the Mexico news so went to search
Mexican Senator Proposes Bill to Make Bitcoin Become Legal Tender in Her Country

sounds big if approved and this just confirms that we are now on a domino cascade, El Salvador just dropped the first piece, trend will keep going.

it'll be interesting to watch, for sure.

TheNineClub

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Quote from: judeafante on April 07, 2022, 08:30:02 PM

Do you think the majority of athletes not only from UFC will be happy to accept their bonus by Bitcoin?

The thing is, those bonuses (those specific ones listed) did not exist before and were created specifically for the partnership with crypto.com, so it's not like they won't be paid in dollars but crypto, they were never paid in dollars for this bonuses. So I doubt they will have anything against it. Especially UFC fighters, they are paid so little, they will, unfortunately, take whatever they can get.

OgNasty

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Quote from: retreat on April 22, 2022, 02:21:39 PM

Quote from: Nitt371 on April 22, 2022, 08:20:47 AM

Great idea, only I’m not so sure a lot of athletes (especially UFC fighters) know a lot about crypto. But I guess they have agents or managers or something, who can help them with that. In any case, it’s a good marketing move from crypto.com.

I really salute crypto.com, the money (bitcoin) they spend to pay bonuses for UFC athletes is definitely not small. they are really doing great things to encourage mass adoption. I believe this (paying fighter bonuses with Bitcoin) will have a big impact on the price of bitcoin going forward.

I haven't read how much they'll be paying, but I assumed it wasn't more than the regular bonus and the news is that they can be paid in Bitcoin. This is probably a bad idea for the fighters to be honest, because the amount of money is small, they'll need it to pay for training, and if the value drops they'll be on the hook for taxes that could potentially be more than the value of the Bitcoin when they cash it out. I can understand for athletes that make a lot of money a program like this could be great, but these fighters are very publicly underpaid and I doubt many of them can afford to sit on Bitcoin through downtrends without having to cash it out at a loss to pay expenses. If this was going for athletes like Connor McGregor it would be great, but something tells me Connor won't be accepting any bonuses in Bitcoin for his fights.

BlackBaron

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Quote from: LUCKMCFLY on April 22, 2022, 12:52:56 PM

Thanks to crypto.com, the effect of the UFC if something is being adopted by the public or demand that was not prepared.

Your friend is one of the many people who want to know about bitcoin because of the main sponsor of Crypto.com in the UFC, I believe that there will be more interaction to grow new community members in crypto, apart from giving bonuses to UFC fighters but the strategy of distributing prizes in BTC to all viewers on a simple quiz program or other reward program will have a faster impact on adding new crypto communities around the world.

retreat

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Quote from: Nitt371 on April 22, 2022, 08:20:47 AM

Great idea, only I’m not so sure a lot of athletes (especially UFC fighters) know a lot about crypto. But I guess they have agents or managers or something, who can help them with that. In any case, it’s a good marketing move from crypto.com.

I really salute crypto.com, the money (bitcoin) they spend to pay bonuses for UFC athletes is definitely not small. they are really doing great things to encourage mass adoption. I believe this (paying fighter bonuses with Bitcoin) will have a big impact on the price of bitcoin going forward.

LUCKMCFLY

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Quote from: lixer on April 15, 2022, 12:18:04 AM

Quote from: Farma on April 14, 2022, 03:51:40 AM

I often watch UFC and I often see sponsors from crypto.com.
this may be a start in the use of crypto which will be huge in the future. Personally, I think that there will be a lot of sports in the future that will use bitcoin as their means of payment. whether it's a bonus, an incentive, or even their salary. well, basically it's a good thing to get people used to using crypto in the digital world. they will feel comfortable in making fast transactions using crypto. this will spread to those closest to them, and more and more. this is a good thing in the crypto world.

I do not watch UFC all that much, I follow just highlights but I do see them as well, but that doesn't mean that getting payments in bitcoin will become a common thing everywhere. I see crypto.com in NBA and in F1 as well but we do not see them getting paid bonuses in bitcoin there, which means that sponsorship do not really mean they would be getting in bitcoin, that is just getting the name of crypto out there and the name of crypto.com is great for that reason.

The trick is, here we are seeing fighters agreeing to it as well, or maybe they won't who knows but for now it looks like it is all understandable going smooth, and that is the main point, getting people to accept bitcoin payments.

I also have friends who don't watch much but the results of the UFC, and I have others who love the UFC and don't believe in BTC and have been sending me messages on my phone asking me again about Bitcoin, and I know it's because of the effect they have seen in the fights, I disinterestedly talk to them again and congratulate them, because I know that they have seen it through the UFC, The most common question they ask me is how much do I think Bitcoin can go up, when they I say that the next ATH can reach $100k or more, which is very likely, I think it makes them excited but they don't show it much, some ask how much is the minimum investment, I tell them from what they can. Thanks to crypto.com, the effect of the UFC if something is being adopted by the public or demand that was not prepared.

Nitt371

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Great idea, only I’m not so sure a lot of athletes (especially UFC fighters) know a lot about crypto. But I guess they have agents or managers or something, who can help them with that. In any case, it’s a good marketing move from crypto.com.

goldkingcoiner

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Quote from: Lucasgabd on April 20, 2022, 05:30:23 PM

Quote from: goldkingcoiner on April 19, 2022, 04:02:40 PM

Quote from: Cryptmuster on April 19, 2022, 03:15:36 AM

Quote from: Franctoshi on April 14, 2022, 06:24:12 AM

This is step in the right direction by crypto.com in her goal to creating more aweness for her crypto exchange and in other way increase cryptocurrency aweness and adoption. If other exchange or companies should join hand together or embrace other methods in pushing this Blockchain technology forward, this will help speed up adoption more than we expected.

It's just another marketing ploy, but I can't understand how it can affect the UFC fights themselves, or the fighters. Yes, there will be additional bonuses that's good, but it won't solve anything. For the fighters themselves, if they are not crypto enthusiasts, then these bitcoins will not solve anything, they will either exchange them for fiat, or simply leave them on hold as some kind of investment in the future. Or maybe when they own bitcoin, then they will begin to study what it is. )

Any PR is good PR. Especially for Bitcoin in the hands of influencers and big names like UFC fighters. Not only does this create the chance that the fighters will become Bitcoin fans but they will spread that Bitcoin hype to their fans. And then we have an entirely new network of Bitcoin hodlers. Thats a big deal.

So basically the only statement of your post that I can fully agree with is the very first and last sentence. Everything else is plainly wrong. Mass adoption needs us and we should be pushing it as much as we can. Every hodler has this noble duty and every little bit helps.

So please don't be so pessimistic

I agree with goldkingcoiner here but also worth remembering the best CMOs for bitcoin:
politicians

no better marketing for a censorship-resistant store of value than politicians printing a lot of money, devaluing the currency, sanctions, so forth and so on.

That is exactly right! Politicians doing PR for Bitcoin is pure gold! Politicians also are just "influencers" who have a bigger fanbase aka the whole country's population

Just watch, There is a chance that Mexico makes Bitcoin legal tender in the near future, and as that happens I think it might create a pump up to 20-43x for the Bitcoin price.
I get my numbers from the population and GDP relativity. But my math does show me a definite pump over the possibly upcoming Mexico news.

Remember the impact on current price that the El Salvador news had about making Bitcoin legal tender?

Mahanton

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Quote from: Finestream on April 19, 2022, 04:57:58 PM

Quote from: bittraffic on April 07, 2022, 09:09:07 PM

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down. Having the stablecoin, they will still have the chance to trade it to BTC when they change their minds. I believe the crypto.com will pay them thru the crypto.com app, right?

I think their managers are already knowledgeable about it that they can explain well to their team members. And to think that its only a bonus, the athletes are free to keep it or convert it into fiat when they need it the most. But it will be more valuable if they learn to start it as an investment, i guess athletes are smart enough so when it comes to crypto, maybe they know a little bit of it.

You could really learn up bitcoin with just few line of sentences on what it is all about and its not really that hard to understand on what it is, i dont see for it to be that relevant or much interesting for them since
its not really that much a big amount where it would be usually to be ignored but honestly it isnt really that a bad idea or initiative in speaking on spreading bitcoin adoption or exposure.
Hope that there would be some things more than on this one where companies would make out the same step on what they had done.

Lucasgabd

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There's no need to be upset

Quote from: goldkingcoiner on April 19, 2022, 04:02:40 PM

Quote from: Cryptmuster on April 19, 2022, 03:15:36 AM

Quote from: Franctoshi on April 14, 2022, 06:24:12 AM

This is step in the right direction by crypto.com in her goal to creating more aweness for her crypto exchange and in other way increase cryptocurrency aweness and adoption. If other exchange or companies should join hand together or embrace other methods in pushing this Blockchain technology forward, this will help speed up adoption more than we expected.

It's just another marketing ploy, but I can't understand how it can affect the UFC fights themselves, or the fighters. Yes, there will be additional bonuses that's good, but it won't solve anything. For the fighters themselves, if they are not crypto enthusiasts, then these bitcoins will not solve anything, they will either exchange them for fiat, or simply leave them on hold as some kind of investment in the future. Or maybe when they own bitcoin, then they will begin to study what it is. )

Any PR is good PR. Especially for Bitcoin in the hands of influencers and big names like UFC fighters. Not only does this create the chance that the fighters will become Bitcoin fans but they will spread that Bitcoin hype to their fans. And then we have an entirely new network of Bitcoin hodlers. Thats a big deal.

So basically the only statement of your post that I can fully agree with is the very first and last sentence. Everything else is plainly wrong. Mass adoption needs us and we should be pushing it as much as we can. Every hodler has this noble duty and every little bit helps.

So please don't be so pessimistic

I agree with goldkingcoiner here but also worth remembering the best CMOs for bitcoin:
politicians

no better marketing for a censorship-resistant store of value than politicians printing a lot of money, devaluing the currency, sanctions, so forth and so on.

haasanjui

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Ultimate fighting championship has accepted bitcoin to give bonus in bitcoin to the fighters. It is good news because UFC is sport field and BTC is now regulated in MMA.

BlackBaron

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Quote from: Finestream on April 19, 2022, 04:57:58 PM

I think their managers are already knowledgeable about it that they can explain well to their team members. And to think that its only a bonus, the athletes are free to keep it or convert it into fiat when they need it the most. But it will be more valuable if they learn to start it as an investment, i guess athletes are smart enough so when it comes to crypto, maybe they know a little bit of it.

I'm sure the athletes will learn it because they already have the assets from the bonus given, I think it's not much if it is converted to fiat because they already have a lot of fiat money in the account, if they benefit from the bonus because they are still holding in the coins then they will promote the profits because his expectations were actually achieved.

Finestream

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Quote from: bittraffic on April 07, 2022, 09:09:07 PM

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down. Having the stablecoin, they will still have the chance to trade it to BTC when they change their minds. I believe the crypto.com will pay them thru the crypto.com app, right?

I think their managers are already knowledgeable about it that they can explain well to their team members. And to think that its only a bonus, the athletes are free to keep it or convert it into fiat when they need it the most. But it will be more valuable if they learn to start it as an investment, i guess athletes are smart enough so when it comes to crypto, maybe they know a little bit of it.

Kasabus

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Quote from: Wexnident on April 07, 2022, 10:28:03 PM

Since it's just a "bonus", I don't think there's much to complain about it. Converting it to fiat if needed shouldn't pose that huge of a problem for them imo, and I don't think they have to worry about it's value if they were to convert it to fiat immediately. Maybe have some of their managers handle that issue, ask the athletes what they really want and then let the managers handle the specific details themselves. As for being happy or not, well, it is a bonus, pretty sure most of them would be happy whether it was in cryptocurrency or not.

Bonus in bitcoin could mean a lot if they keep it as an investment but if they chose to convert it to fiat afterwards, i guess that won't be a problem. After all, its a reward for them for showing their efforts and skills. Well, crypto.com has made its perfect decision to start crypto awareness through sponsoring a world event. Imagine a lot of audience will be able to witness the presence of crypto.com and know its existence, so this could be very helpful in achieving faster adoption for crypto worldwide.

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Quote from: Cryptmuster on April 19, 2022, 03:15:36 AM

Quote from: Franctoshi on April 14, 2022, 06:24:12 AM

This is step in the right direction by crypto.com in her goal to creating more aweness for her crypto exchange and in other way increase cryptocurrency aweness and adoption. If other exchange or companies should join hand together or embrace other methods in pushing this Blockchain technology forward, this will help speed up adoption more than we expected.

It's just another marketing ploy, but I can't understand how it can affect the UFC fights themselves, or the fighters. Yes, there will be additional bonuses that's good, but it won't solve anything. For the fighters themselves, if they are not crypto enthusiasts, then these bitcoins will not solve anything, they will either exchange them for fiat, or simply leave them on hold as some kind of investment in the future. Or maybe when they own bitcoin, then they will begin to study what it is. )

Any PR is good PR. Especially for Bitcoin in the hands of influencers and big names like UFC fighters. Not only does this create the chance that the fighters will become Bitcoin fans but they will spread that Bitcoin hype to their fans. And then we have an entirely new network of Bitcoin hodlers. Thats a big deal.

So basically the only statement of your post that I can fully agree with is the very first and last sentence. Everything else is plainly wrong. Mass adoption needs us and we should be pushing it as much as we can. Every hodler has this noble duty and every little bit helps.

So please don't be so pessimistic

carlfebz2

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Quote from: Lucasgabd on April 19, 2022, 03:25:47 PM

Quote from: Vaskiy on April 19, 2022, 09:19:53 AM

Quote from: cheezcarls on April 19, 2022, 06:19:22 AM

Regardless if the UFC fighters have knowledge in crypto or not, the BTC bonus is a great perk for them. However, it is much better if these UFC fighters must start learning about Bitcoin, cryptocurrencies, etc., especially in using Crypto.com. What matters is that UFC has embraced Bitcoin and cryptocurrencies in open arms, as they finally understood the technology and future of it.

These days UFC fighters are well aware about cryptocurrencies, because majority of the players were sponsored by crypto firms and the jersey carry cryptocurrency ads. This is a big step forward and benefitting the UFC fighters. Same as this, such bonuses need to be availed in other sectors. This will give more exposure to bitcoin.

do we have a list in some place with all the UFC fighters that mentioned or are involved with crypto until this day?
would be interesting to see.

same for other kind of sports people or even celebrities

Im giving links based on what you had requested.

https://www.forbes.com/sites/jackkelly/2022/01/30/sports-stars-and-politicians-are-taking-their-pay-in-bitcoin-and-other-cryptocurrencies--would-you/?sh=24629d3e1679
https://markets.businessinsider.com/news/currencies/professional-athletes-bitcoin-crypto-salary-risks-btc-odell-beckham-2022-1

There are already a good number of athletes and celebs who do accept nor get involved with crypto and as to expect these numbers would bloat
out on future years to come.

Lucasgabd

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There's no need to be upset

Quote from: Vaskiy on April 19, 2022, 09:19:53 AM

Quote from: cheezcarls on April 19, 2022, 06:19:22 AM

Regardless if the UFC fighters have knowledge in crypto or not, the BTC bonus is a great perk for them. However, it is much better if these UFC fighters must start learning about Bitcoin, cryptocurrencies, etc., especially in using Crypto.com. What matters is that UFC has embraced Bitcoin and cryptocurrencies in open arms, as they finally understood the technology and future of it.

These days UFC fighters are well aware about cryptocurrencies, because majority of the players were sponsored by crypto firms and the jersey carry cryptocurrency ads. This is a big step forward and benefitting the UFC fighters. Same as this, such bonuses need to be availed in other sectors. This will give more exposure to bitcoin.

do we have a list in some place with all the UFC fighters that mentioned or are involved with crypto until this day?
would be interesting to see.

same for other kind of sports people or even celebrities

uneng

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Quote from: Vaskiy on April 19, 2022, 09:19:53 AM

Quote from: cheezcarls on April 19, 2022, 06:19:22 AM

Regardless if the UFC fighters have knowledge in crypto or not, the BTC bonus is a great perk for them. However, it is much better if these UFC fighters must start learning about Bitcoin, cryptocurrencies, etc., especially in using Crypto.com. What matters is that UFC has embraced Bitcoin and cryptocurrencies in open arms, as they finally understood the technology and future of it.

These days UFC fighters are well aware about cryptocurrencies, because majority of the players were sponsored by crypto firms and the jersey carry cryptocurrency ads. This is a big step forward and benefitting the UFC fighters. Same as this, such bonuses need to be availed in other sectors. This will give more exposure to bitcoin.

Probably sportsmen are the most immersed class in cryptocurrency among all. Crypto gambling has been gaining strength on sport scene every new year, many athletes are already partnering with crypto ads and companies, like you said. And talking about fighting sports specifically, those athletes are the most interested ones in investing their money, because they know their careers don't last too long, since it's an exhausting activity, which harms and injure the body considerably. When they don't have knowledge and experience with investments, they hire financial managers who take care of their funds and will go for bitcoin investment without blinking an eye.

Topic: UFC fighters will get their bonus pay by Bitcoin (Read 929 times)