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Topic: Will you accept bitcoin as your salary? - page 106. (Read 183553 times)

full member
Activity: 145
Merit: 100
August 03, 2016, 09:05:44 AM
yes. I agreed with you and I appreciate your opinion. the percentages of tax has been one of the reasons the most peoples on overseas would choosing bitcoin as main payments. I see that.

but for me who working at my own country, would prefer to using fiat instead of choosing bitcoin as payment because if a price down suddenly, what does I do? what I will waiting bitcoin up to price up? how long I did should wait.
member
Activity: 95
Merit: 10
August 03, 2016, 08:56:13 AM
I receive my salary in bitcoin. I have a foreign employer and I convert it basically right away. It makes for instant paychecks and no foreign fees.
hero member
Activity: 826
Merit: 502
August 03, 2016, 08:48:19 AM
Right now, I'd say no. Why? Well as you can see the price is going up and down and not just by small amounts. Let's say you're payed 100$ in bitcoin and then something happens that reduces the price of the bitcoin and you end up with a lot more that 100$, but the main thing, for ME, would be the price jumping and falling.
You can actually convert the bitcoin when you receive it. So if you get 100$, then you'll get 100$ fixed. I think you don't like playing with the charts, people see this as a chance to fill in their stash. With the growing community of bitcoiners and investors, there's no other way for bitcoin but to go up eventually. There might be a harsh dip like this one but just wait for a while and the price will be high up there again.
legendary
Activity: 1176
Merit: 1024
August 03, 2016, 08:44:38 AM
If you're holding a bitcoin debit card, then accepting your salary in bitcoin would be more beneficial than getting it in fiats as of now. Because, in my case I am converting my salary into bitcoin for my saving and for gambling spending. If I do directly get bitcoins that would save more time for me which is usually occurring with conversion.
But how you can fill up your daily needs, are you sure, you can exchange your bitcoin into the fiat for everytime you needs?
and does it's just waste a lot of your time, it's fine for your to accept your salary into btc but you need to consider about next problem you can get from that.

Thing is, there isn't an economy built around Bitcoin yet; so i can't spend BTC to pay for my daily needs; at least not here in France.
Not just in France but even in 90% of countries there are no actual places where we can spend bitcoins.
In fact I maybe be a bit harsh but other than online development bitcoins physical development has been very slow.
newbie
Activity: 6
Merit: 0
August 03, 2016, 12:23:33 AM
Yes. Anyone hiring? I'm a closer, get me a coffee.
legendary
Activity: 3122
Merit: 1140
August 02, 2016, 11:58:55 PM
With this fluctuated condition also the down trend ofcourse not
I got my 1 bitcoin as my salary when price 650 and sudddenly price go 520 WTF, i dont want it

That's the downside if we would receive bitcoin as salary... Price moves drastic..Unless, if what you eat, what you pay are all priced in bitcoin..That way, you are not affected even if price moves like a saw in one hour... But since the commodities and everything that we buy was priced in local currency, then we still have a problem if our salary is in bitcoin...

Take a look at the bitcoins price as of now, it drastically goes down which is not good especially if you  prefer to recieve your salary in bitcoin it would do also affect you salary since your  salary depends on bitcoin price. Ex. our signature campaign earnings as serve as daily salary then the bitcoins price  as of now is  low then  the rate of your  bitcoin earnings would also be low, just the same  in real life.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
August 02, 2016, 11:26:30 PM
Right now, I'd say no. Why? Well as you can see the price is going up and down and not just by small amounts. Let's say you're payed 100$ in bitcoin and then something happens that reduces the price of the bitcoin and you end up with a lot more that 100$, but the main thing, for ME, would be the price jumping and falling.
sr. member
Activity: 336
Merit: 250
August 02, 2016, 08:38:45 PM
With this fluctuated condition also the down trend ofcourse not
I got my 1 bitcoin as my salary when price 650 and sudddenly price go 520 WTF, i dont want it
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
August 02, 2016, 08:31:42 PM
But I very curious to hear opinions from some people in here, and in this time about the bitfinex cases the price of bitcoin is dropping drastically and whether the people is still wanna to receiving their payment or salary into BTC form? Grin
full member
Activity: 242
Merit: 100
Extended Reality Advertising
August 02, 2016, 07:14:09 PM
If you're holding a bitcoin debit card, then accepting your salary in bitcoin would be more beneficial than getting it in fiats as of now. Because, in my case I am converting my salary into bitcoin for my saving and for gambling spending. If I do directly get bitcoins that would save more time for me which is usually occurring with conversion.
But how you can fill up your daily needs, are you sure, you can exchange your bitcoin into the fiat for everytime you needs?
and does it's just waste a lot of your time, it's fine for your to accept your salary into btc but you need to consider about next problem you can get from that.

Thing is, there isn't an economy built around Bitcoin yet; so i can't spend BTC to pay for my daily needs; at least not here in France.
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
August 01, 2016, 12:35:40 AM
If you're holding a bitcoin debit card, then accepting your salary in bitcoin would be more beneficial than getting it in fiats as of now. Because, in my case I am converting my salary into bitcoin for my saving and for gambling spending. If I do directly get bitcoins that would save more time for me which is usually occurring with conversion.
But how you can fill up your daily needs, are you sure, you can exchange your bitcoin into the fiat for everytime you needs?
and does it's just waste a lot of your time, it's fine for your to accept your salary into btc but you need to consider about next problem you can get from that.
sr. member
Activity: 378
Merit: 250
August 01, 2016, 12:16:31 AM
In Europe there is a hot new pertaining to a company whose going to introduce paying bitcoins to their employees. But given the instability of the bitcoins market value is it an advantage for the employees or an disadvantage. In my opinion this kind of payment for salary is not yet beneficial to employees not until bitcoins price has become stabled. Though if bitcoin will start to increase its monetary value it can be advantageuos but if not then it is a peril to the employees. So what do you think, what is your opinion on this matter?
No I won't because the price fluctuates a lot.

While it may be good for a trader, I don't think I would want it as my salary. It's is bit like getting shares for your salary.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
Not only you save your time, you also save from fees on every conversion you have to make. Plus sometimes on exchange, the price is of bitcoin is higher than it really is. So, you can add that to your savings. Directly receiving bitcoin as salary has advantages especially if you are spending bitcoins directly.

Maybe for some people who live in developed countries that already have a physical store that accepts bitcoin can directly spend their bitcoin. But how to developing countries new to bitcoin? because it would be difficult to find a physical store that accepts bitcoin there. And with it if we want to spend a bitcoin then we have to replace it in advance by fiat if a salary in the form of bitcoin. So the conclusion is easy or not is relative depending on each individual.

There are advantages and disadvantages on recieving  bitcoin as a salary it depends on what country do you live and it also depends on what would be the price of bitcoin. As you said there are countries are still developing to accept bitcoin payments they need to exchange  it first to fiat  before buying on a store. It really depends on persons choice.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
Not only you save your time, you also save from fees on every conversion you have to make. Plus sometimes on exchange, the price is of bitcoin is higher than it really is. So, you can add that to your savings. Directly receiving bitcoin as salary has advantages especially if you are spending bitcoins directly.

Maybe for some people who live in developed countries that already have a physical store that accepts bitcoin can directly spend their bitcoin. But how to developing countries new to bitcoin? because it would be difficult to find a physical store that accepts bitcoin there. And with it if we want to spend a bitcoin then we have to replace it in advance by fiat if a salary in the form of bitcoin. So the conclusion is easy or not is relative depending on each individual.
hero member
Activity: 1148
Merit: 504
If you're holding a bitcoin debit card, then accepting your salary in bitcoin would be more beneficial than getting it in fiats as of now. Because, in my case I am converting my salary into bitcoin for my saving and for gambling spending. If I do directly get bitcoins that would save more time for me which is usually occurring with conversion.

Not only you save your time, you also save from fees on every conversion you have to make. Plus sometimes on exchange, the price is of bitcoin is higher than it really is. So, you can add that to your savings. Directly receiving bitcoin as salary has advantages especially if you are spending bitcoins directly.
hero member
Activity: 1246
Merit: 588
If you're holding a bitcoin debit card, then accepting your salary in bitcoin would be more beneficial than getting it in fiats as of now. Because, in my case I am converting my salary into bitcoin for my saving and for gambling spending. If I do directly get bitcoins that would save more time for me which is usually occurring with conversion.

you have a good point their chief. If you are one of those who uses bitcoin as savings it would be a great thing for you to consider bitcoin price might go done but we know that the chance for bitcoin price raises also.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
100% YES ofcourse because if they pay me bitcoin it 100% awesome hopefuly that my company pay me with bitcoin because bitcoin is not stable how if bitcoin increase price Smiley a liitle bit then you have a like bonus for your monthly salary and if bitcoin dicrease price it's your bad day but hold it until bitcoin increase the price again Smiley that's awesome for sure
You do not need a fiat for daily used? because when the price goes down you said you will keep it and wait for the price increase? And i do not think company will pay you with more than your salary right now they used converting fiat into bitcoin and that is only equal to you monthly salary.
it's fine for me if they pay me equal to my monthly salary because for example my monthly salary is PHP (30,000) per month because im from ph and it's only 1 bitcoin or (620 dollar) if they give me that equal i will accept it because you don't know if how bitcoin will increase again just keep the bitcoin for future purposes  Grin
Even my company will pay me equal to my salary i do not accept in terms of bitcoin because there is a charge if i exchange it into fiat that is why i did not received my salary as whole like what i received now. i think you did no consider that that is why you want to accept bitcoin as your salary.
They charge only small amount of fee I think if it's already happen ,same fee when you widraw using your ATM when you work at factory or any other company.
hero member
Activity: 714
Merit: 531
100% YES ofcourse because if they pay me bitcoin it 100% awesome hopefuly that my company pay me with bitcoin because bitcoin is not stable how if bitcoin increase price Smiley a liitle bit then you have a like bonus for your monthly salary and if bitcoin dicrease price it's your bad day but hold it until bitcoin increase the price again Smiley that's awesome for sure
You do not need a fiat for daily used? because when the price goes down you said you will keep it and wait for the price increase? And i do not think company will pay you with more than your salary right now they used converting fiat into bitcoin and that is only equal to you monthly salary.
it's fine for me if they pay me equal to my monthly salary because for example my monthly salary is PHP (30,000) per month because im from ph and it's only 1 bitcoin or (620 dollar) if they give me that equal i will accept it because you don't know if how bitcoin will increase again just keep the bitcoin for future purposes  Grin
Even my company will pay me equal to my salary i do not accept in terms of bitcoin because there is a charge if i exchange it into fiat that is why i did not received my salary as whole like what i received now. i think you did no consider that that is why you want to accept bitcoin as your salary.
sr. member
Activity: 630
Merit: 267
Just follow the rules
100% YES ofcourse because if they pay me bitcoin it 100% awesome hopefuly that my company pay me with bitcoin because bitcoin is not stable how if bitcoin increase price Smiley a liitle bit then you have a like bonus for your monthly salary and if bitcoin dicrease price it's your bad day but hold it until bitcoin increase the price again Smiley that's awesome for sure
You do not need a fiat for daily used? because when the price goes down you said you will keep it and wait for the price increase? And i do not think company will pay you with more than your salary right now they used converting fiat into bitcoin and that is only equal to you monthly salary.
it's fine for me if they pay me equal to my monthly salary because for example my monthly salary is PHP (30,000) per month because im from ph and it's only 1 bitcoin or (620 dollar) if they give me that equal i will accept it because you don't know if how bitcoin will increase again just keep the bitcoin for future purposes  Grin
legendary
Activity: 2940
Merit: 1083
I like bitcoin and bitcoin is money and at the same time an investment asset so why not?  I don't see any problem with accepting bitcoin as my salary because i can always convert it to money when i need one.  It would be an issue if bitcoin will no longer be converted to money.

But what about during the day you will convert the bitcoin. occurs constraints, such as the example of your internet access is down, or the service you use is under maintanance at the same time with the bitcoin prices fell sharply. You do not have a problem with that?
Yup, agree with that. Bitcoin as salary is very inconvenient. First you have to make it as cash and i have a hard time to find where to encash. Second the fees you have to pay when you withdraw your bitcoin. Third if the sudden drop occurs im worrying about that coz instead you earn, it will decrease coz sudden drop occurs

Very good thinking. Why not just do it yourself right? I prefer it that way. With an automatic bitcoin exchange in your salary you cannot control it. What if you dont want to buy yet and waiting for the lower price.
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