Will you accept bitcoin as your salary? - page 56.

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Quote from: bravehearth0319 on September 25, 2016, 11:08:09 PM

Quote from: groll on July 04, 2016, 07:50:27 PM

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?

Yes! I will accept bitcoin as my salary if the price of bitcoin is 1000$ fixed/stable. With that amount many employed people will be happy including me because we will encounter and experience the benefits of bitcoin.

Well.. i think it will be hard for bitcoin's price become stable for $1000 and in my opinion getting salary in bitcoin is bad idea for right now, because as we know bitcoin has fluctuation price and it is not safe for becoming salary.

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Quote from: groll on July 04, 2016, 07:50:27 PM

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?

Yes! I will accept bitcoin as my salary if the price of bitcoin is 1000$ fixed/stable. With that amount many employed people will be happy including me because we will encounter and experience the benefits of bitcoin.

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Quote from: dmarine on September 23, 2016, 02:37:36 AM

I would like to receive payments on bitcoin, it would be easier to receive every month. But I'd rather wait for the price to stabilize.

I think if you wait bitcoin prices stable to sell then you're going to sell every few months. because I think a stable price will be temporary only and occur within a few months.
if companies require salary with bitcoin, maybe I should have a bot to convert it directly to fiat

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Quote from: The_Dark_Knight on September 25, 2016, 09:56:38 AM

Quote from: mirakal on September 23, 2016, 12:18:23 AM

Quote from: The_Dark_Knight on September 22, 2016, 10:15:52 PM

Quote from: resilientknight on September 21, 2016, 08:12:41 PM

Right now, I would say no. If you ask me why, as you can see the price is going up and down and not just by small amounts. Let's say you're paid one hundred dollars in bitcoin and then something happens that reduces the price of the bitcoin and you end up with a lot more that a hundred bucks, but the main thing, for me, would be the price jumping and falling.

Well, you say right now but in my opinion, bitcoin will need a t least 15 to 20 years to become stable and if that is the case then you will not be accepting bitcoin any time soon.

Time is the element here and we cannot predict how many year will have to pass to make this a mainstream currency, maybe we just need to continue supporting it so in the right time it will grow and be successful as like what we wanted it to happen.

Correct, but support needs to come from different directions too, if we want to support bitcoin then we need not only to pay for bitcoin, but to accept bitcoin as payment even if you will eventually sell it for fiat.

If finally you are going to sell them for fiat to spend them then there is no point in accepting salary in bitcoins and you can also support bitcoin by investing in it and using it as a currency and it won't decrease its popularity if you don't accept salary in bitcoins.

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Quote from: mirakal on September 23, 2016, 12:18:23 AM

Quote from: The_Dark_Knight on September 22, 2016, 10:15:52 PM

Quote from: resilientknight on September 21, 2016, 08:12:41 PM

Right now, I would say no. If you ask me why, as you can see the price is going up and down and not just by small amounts. Let's say you're paid one hundred dollars in bitcoin and then something happens that reduces the price of the bitcoin and you end up with a lot more that a hundred bucks, but the main thing, for me, would be the price jumping and falling.

Well, you say right now but in my opinion, bitcoin will need a t least 15 to 20 years to become stable and if that is the case then you will not be accepting bitcoin any time soon.

Time is the element here and we cannot predict how many year will have to pass to make this a mainstream currency, maybe we just need to continue supporting it so in the right time it will grow and be successful as like what we wanted it to happen.

Correct, but support needs to come from different directions too, if we want to support bitcoin then we need not only to pay for bitcoin, but to accept bitcoin as payment even if you will eventually sell it for fiat.

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Quote from: bhadz on September 24, 2016, 07:52:56 AM

It is not going to be a good way to accept your salary with bitcoins. Because that is going to be a risky thing if you decided your company to pay you with bitcoins. And when the price of bitcoin falls then it tends that your salary is going to be paid at low rate also but the advantage is when the price increases then your rate increases too.

Even companies will keep in their minds the factor of price volatility as they will the one who will be investing huge in bitcoin to pay their employees, and if price falls then its gonna huge loss for them too.

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It is not going to be a good way to accept your salary with bitcoins. Because that is going to be a risky thing if you decided your company to pay you with bitcoins. And when the price of bitcoin falls then it tends that your salary is going to be paid at low rate also but the advantage is when the price increases then your rate increases too.

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Quote from: coszy on September 24, 2016, 07:27:07 AM

Quote from: groll on July 04, 2016, 07:50:27 PM

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 matter what the price of Bitcoin, wages will have to pay for the course. That's just what people will do with these coins? Yet the time has come when the bitcoin can replace real money. In humans, except for payments for online purchases or what the online store, there are other needs that require for real money.

Bitcoin is not widely used and accepted at a moment so there is no point in accepting salary in bitcoins as to spend them we need to convert them to fiat first, so as of now its better to get paid in fiat money.

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Quote from: hendra147 on September 23, 2016, 02:36:03 PM

Quote from: dandroid on September 23, 2016, 02:32:16 PM

At this time, no I would not. Bitcoin is so volatile right now, the risks outweigh the positives. Yes, I could make thirty percent profit in fiat in a day, but I could also lose the same.

bitcoin will be volatile forever, the price will be unstable forever.
bitcoin is decentralization system so no people can control bitcoin supply or bitcoin price.

yap bitcoin become famous because no one can control bitcoin even sometimes we are think if the price are manipulated by big trader but that are still a rumours.

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Quote from: groll on July 04, 2016, 07:50:27 PM

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 matter what the price of Bitcoin, wages will have to pay for the course. That's just what people will do with these coins? Yet the time has come when the bitcoin can replace real money. In humans, except for payments for online purchases or what the online store, there are other needs that require for real money.

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Quote from: Mr. Big on September 24, 2016, 03:42:13 AM

Quote from: goinmerry on September 24, 2016, 03:35:55 AM

If the job is just an online part time job then I might accept it. I dont want to be going full time and risk my salary into bitcoin. I would prefer doing the exchange myself. If it is not that large then why not.

Yup, exactly...In online jobs, bitcoin is the best as it is not too big, and if it is big atleast it wasn't your whole money... Fiat can be used anywhere, and that's what the bitcoin should solve first before we could try accepting it as salary...

Earning part time income from bitcoin is really good at a moment and I don't think we need to accept salary in bitcoins as it has not reached everywhere yet and also its usage is limited.

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Quote from: goinmerry on September 24, 2016, 03:35:55 AM

If the job is just an online part time job then I might accept it. I dont want to be going full time and risk my salary into bitcoin. I would prefer doing the exchange myself. If it is not that large then why not.

Yup, exactly...In online jobs, bitcoin is the best as it is not too big, and if it is big atleast it wasn't your whole money... Fiat can be used anywhere, and that's what the bitcoin should solve first before we could try accepting it as salary...

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If the job is just an online part time job then I might accept it. I dont want to be going full time and risk my salary into bitcoin. I would prefer doing the exchange myself. If it is not that large then why not.

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Quote from: ObscureBean on September 24, 2016, 12:32:45 AM

Quote from: Hanfonan on September 23, 2016, 01:50:44 PM

Quote from: livinglegend on September 23, 2016, 01:11:35 PM

Perhaps it's not a very good idea to take such measure now. The high volatility can bring too much instability on your earnings, not only positively but also in a negative manner.

If you just accept 10% of your salary in bitcoin. That is similar to buying the bitcoin and invest in it, it could be a good idea.

Yes indeed that would probably be the best solution, just have a small portion of your salary in Bitcoins it doesn't matter how much as long as you have enough in fiat to pay rent/bills and last you through the month. You could literally forget about the Bitcoin and just let it pile up, that's what I would do anyway. I would only have look at my stash and its worth in like 5 years or so Cool

That's something anyone can do though, even if you don't get paid in Bitcoins. You just have to be disciplined and consistent in converting a fixed percentage of you salary every month.

That is just manageable in my own opinion, instead of spending that amount to worthless things better hold it for the future, just do not thing to much of the amount you invested because time will come at the right time that you can accumulate already a big amount and that would help you to be rich or achieve financial success.

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Quote from: Hanfonan on September 23, 2016, 01:50:44 PM

Quote from: livinglegend on September 23, 2016, 01:11:35 PM

Perhaps it's not a very good idea to take such measure now. The high volatility can bring too much instability on your earnings, not only positively but also in a negative manner.

If you just accept 10% of your salary in bitcoin. That is similar to buying the bitcoin and invest in it, it could be a good idea.

Yes indeed that would probably be the best solution, just have a small portion of your salary in Bitcoins it doesn't matter how much as long as you have enough in fiat to pay rent/bills and last you through the month. You could literally forget about the Bitcoin and just let it pile up, that's what I would do anyway. I would only have look at my stash and its worth in like 5 years or so Cool

That's something anyone can do though, even if you don't get paid in Bitcoins. You just have to be disciplined and consistent in converting a fixed percentage of you salary every month.

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Quote from: Zadicar on September 24, 2016, 12:17:00 AM

Quote from: Noctis Connor on September 23, 2016, 09:03:29 PM

Quote from: JessicaSe on September 23, 2016, 09:21:55 AM

Quote from: bitlancr on September 23, 2016, 09:02:21 AM

No I would not accept anything in bitcoins from my salary because it does not help me or something.
If I would get this I had to transfer it all to another currency, and I think that is not smart.

And the fact is we cannot spend them directly at physical places and if have to spend them we need to convert them to fiat first so in that case it doesn't make any sense in accepting salary in bitcoins.

That's true but if bitcoin can spend trough internet to buy online gadgets and if bitcoin can use as physical value to shop or to buy in groceries maybe someday i will accept bitcoin as my salary but if we need to convert them all to fiat it makes more hassle and it takes mroe fees to withdraw our money

You are right somehow bitcoin gives convenience when purchasing stuff online but as we all know there no much stores do accept bitcoins on their services thats why we cant active spend our bitcoins directly and not only that , we must consider the movement of bitcoins price its too risky to accept bitcoin as our salary.

That is the fact in bitcoin that there are only few stores that do accept bitcoins but there are exchange websites that we are able to sell it once we need cash.

So for me, as long as I am going to be paid whether it be cash or by bitcoin I am going to accept that willingly and thankfully.

Because your boss or the company is the one to decide if they are going to pay you with bitcoin or fiat. And you can't do something about it and if you are going to complain you are going to have problem with it.

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Quote from: Noctis Connor on September 23, 2016, 09:03:29 PM

Quote from: JessicaSe on September 23, 2016, 09:21:55 AM

Quote from: bitlancr on September 23, 2016, 09:02:21 AM

No I would not accept anything in bitcoins from my salary because it does not help me or something.
If I would get this I had to transfer it all to another currency, and I think that is not smart.

And the fact is we cannot spend them directly at physical places and if have to spend them we need to convert them to fiat first so in that case it doesn't make any sense in accepting salary in bitcoins.

That's true but if bitcoin can spend trough internet to buy online gadgets and if bitcoin can use as physical value to shop or to buy in groceries maybe someday i will accept bitcoin as my salary but if we need to convert them all to fiat it makes more hassle and it takes mroe fees to withdraw our money

You are right somehow bitcoin gives convenience when purchasing stuff online but as we all know there no much stores do accept bitcoins on their services thats why we cant active spend our bitcoins directly and not only that , we must consider the movement of bitcoins price its too risky to accept bitcoin as our salary.

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Quote from: JessicaSe on September 23, 2016, 09:21:55 AM

Quote from: bitlancr on September 23, 2016, 09:02:21 AM

No I would not accept anything in bitcoins from my salary because it does not help me or something.
If I would get this I had to transfer it all to another currency, and I think that is not smart.

And the fact is we cannot spend them directly at physical places and if have to spend them we need to convert them to fiat first so in that case it doesn't make any sense in accepting salary in bitcoins.

That's true but if bitcoin can spend trough internet to buy online gadgets and if bitcoin can use as physical value to shop or to buy in groceries maybe someday i will accept bitcoin as my salary but if we need to convert them all to fiat it makes more hassle and it takes mroe fees to withdraw our money

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Quote from: MONKEYJUNK on September 23, 2016, 05:39:25 PM

Quote from: livinglegend on September 23, 2016, 03:42:12 PM

I think it is not the best decision at the time. The main reason is that bitcoin is a highly volatile currency, so I could not take the risk of having it as my salary, because the price may change every time that I get it, and manage it will be really difficult.

What about the bank taxes? You can be free Wink

I don't think the montly ups and downs can affect a lot your life at all, don't kno where's the difficult here.

for me it does not matter to receive a salary with bitcoin for this moment for salary given was clear. if you're afraid of the instability of the price, then you can exchange bitcoin is given to you in the form of dollars. so you do not have to worry about the price. however, if my salary in the form of bitcoin, I would still hold bitcoin because it has the potential to generate extra money when the price goes up

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Quote from: richardsNY on September 23, 2016, 05:49:48 PM

Quote from: Abbybenson on September 23, 2016, 04:15:20 PM

I am against the idea of distributing the regular salary in the form of Bitcoins. There are many drawbacks. I can't use BTC for retail shopping or to purchase bus tickets. Every time, I may need to convert my coins to fiat, which is expensive and time consuming. After 10 or 15 years, I may support this idea. But definitely not now.

You forget to mention the volatility aspect that is also a huge factor as to why it's not interesting and smart to have Bitcoin as main salary. It's horrible if you get like $2500 worth of BTC, and in the next few days that the value of the salary dropped to $2100. Especially when you are dealing with monthly returning bills like rent and stuff.

Yeah price volatility is an major issue in not accepting salary in bitcoins as it can affect our monthly income if price falls dramatically in future and then it will difficult to manage our expenses.

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