Will you accept bitcoin as your salary? - page 57.

richardsNY

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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.

MONKEYJUNK

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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.

fkvidar

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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.

That's right and we can afford to receive salary in bitcoins only if our country is bitcoin friendly and if not then its never a smart decision to make to go for it as you won't be able to spend them directly.

Abbybenson

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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.

torrentheaven

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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.

Yes and your income will depend on the price of bitcoin and that makes it really risky as sometimes you will be earning higher amount and next month it can be far below your expectation level.

livinglegend

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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.

bitcoluck

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I have no problem getting my salary in bitcoin. I just love to collect bitcoins right now.I have to buy bitcoin with the money i save so if i directly getting bitcoin as salary then i dont had to buy them.

hendra147

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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.

dandroid

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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.

Hanfonan

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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.

livinglegend

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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.

tygeade

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Quote from: bamboylee on September 23, 2016, 10:31:42 AM

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.

We are already receiving bitcoin as salary. We are not getting paid in dollars in our signature campaigns pay. Even if you have a day job, we are already receiving part of our income in bitcoin. If my boss will offer to pay in bitcoin, I will accept it. I will just convert what I need in a month's budget. Then the rest I will hold. So even if the price jumps up and down short term, I will still have bitcoins that will profit in long term.

How can you compare the earnings from signature campaign to your full time job's salary, signature campaign doesn't take care of our living and its just an extra income for us and not the primary one.

serjent05

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Quote from: ObscureBean on September 23, 2016, 06:15:25 AM

Quote from: Rude Boy on September 23, 2016, 05:47:04 AM

I would accept if they send my salary equivalent amount of btc at the current rate of INR. I'll just convert it to fiat without delay. SO that i may not loss.

That would be pretty pointless though wouldn't it? I mean if the first thing you gonna do is convert them to your local currency why not just get paid in INR directly? Also, no matter how fast you are in exchanging them, there is always a small chance you could lose some money since BTC price changes pretty much every second. Plus not to mention it would be a ton of hassle especially if you need money urgently.

in my experienc i don't have any problem when I convert my bitcoin to fiat money. After confirming and sending the btc fund to be converted, i only need to wait 10 to 30 minutes to have a notification that I can withdraw the money from the outlet I choosed. Another problem would be if you are working for the company that pay Bicoin only, just for example is you, you cannot tell the sig campaign owner to pay you in fiat because the rule is to be paid with bitcoin.

bamboylee

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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.

We are already receiving bitcoin as salary. We are not getting paid in dollars in our signature campaigns pay. Even if you have a day job, we are already receiving part of our income in bitcoin. If my boss will offer to pay in bitcoin, I will accept it. I will just convert what I need in a month's budget. Then the rest I will hold. So even if the price jumps up and down short term, I will still have bitcoins that will profit in long term.

JessicaSe

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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.

bitlancr

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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.

stromma44

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Quote from: ronaldo40 on September 23, 2016, 06:48:31 AM

Quote from: Corenin on September 23, 2016, 06:38:46 AM

Quote from: ObscureBean on September 23, 2016, 06:15:25 AM

Quote from: Rude Boy on September 23, 2016, 05:47:04 AM

I would accept if they send my salary equivalent amount of btc at the current rate of INR. I'll just convert it to fiat without delay. SO that i may not loss.

That would be pretty pointless though wouldn't it? I mean if the first thing you gonna do is convert them to your local currency why not just get paid in INR directly? Also, no matter how fast you are in exchanging them, there is always a small chance you could lose some money since BTC price changes pretty much every second. Plus not to mention it would be a ton of hassle especially if you need money urgently.

Yes and you also need to pay transaction fees every time you convert them to fiat and may be if price falls then you need to wait longer to convert them and it would be horrible at the time of emergencies.

yes, it is a disadvantage when we receive a salary with bitcoin. in fact, the cost to convert fiat was about 1% and it was high enough, if every I convert my salary to fiat. especially if the price goes down, I will be more losses.

That's true and I think localbitcoins charges 2% transaction fees which is quiet high and not affordable to pay that high fees every time so I will prefer to receive salary in bitcoins.

Noctis Connor

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Quote from: tampazeus on September 20, 2016, 08:28:08 AM

Quote from: Noctis Connor on September 20, 2016, 08:26:08 AM

Quote from: martinacar on September 12, 2016, 03:27:25 AM

I will accept bitcoin partially as my salary cause it makes it easier for me. Right now I already convert part of my salary to bitcoin so why not have that automated right.
Better to do part then full because days like these it's dropping quite hard and we have to be careful where we put our money.

It is makes more easier for you because you are using bitcoin how those people who not using bitcoin ? then they forcing them selves to create a bitcoin wallet where they gonna accept their salary of bitcoin soon? better if not and accept real paper money.

People will prefer to accept salary in bitcoins only if they are aware about the concept of bitcoins and if not then they will never risk their income by getting paid into bitcoins.

This is true people are accepting their salary in bitcoin if they are using or awate of using it as currency but if they don't they will ask you what is bitcoin is that money too? lol people nowadays are wants sure money they dont want that their money are become stoned.

ronaldo40

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Quote from: Corenin on September 23, 2016, 06:38:46 AM

Quote from: ObscureBean on September 23, 2016, 06:15:25 AM

Quote from: Rude Boy on September 23, 2016, 05:47:04 AM

I would accept if they send my salary equivalent amount of btc at the current rate of INR. I'll just convert it to fiat without delay. SO that i may not loss.

That would be pretty pointless though wouldn't it? I mean if the first thing you gonna do is convert them to your local currency why not just get paid in INR directly? Also, no matter how fast you are in exchanging them, there is always a small chance you could lose some money since BTC price changes pretty much every second. Plus not to mention it would be a ton of hassle especially if you need money urgently.

Yes and you also need to pay transaction fees every time you convert them to fiat and may be if price falls then you need to wait longer to convert them and it would be horrible at the time of emergencies.

yes, it is a disadvantage when we receive a salary with bitcoin. in fact, the cost to convert fiat was about 1% and it was high enough, if every I convert my salary to fiat. especially if the price goes down, I will be more losses.

Corenin

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Quote from: ObscureBean on September 23, 2016, 06:15:25 AM

Quote from: Rude Boy on September 23, 2016, 05:47:04 AM

I would accept if they send my salary equivalent amount of btc at the current rate of INR. I'll just convert it to fiat without delay. SO that i may not loss.

That would be pretty pointless though wouldn't it? I mean if the first thing you gonna do is convert them to your local currency why not just get paid in INR directly? Also, no matter how fast you are in exchanging them, there is always a small chance you could lose some money since BTC price changes pretty much every second. Plus not to mention it would be a ton of hassle especially if you need money urgently.

Yes and you also need to pay transaction fees every time you convert them to fiat and may be if price falls then you need to wait longer to convert them and it would be horrible at the time of emergencies.

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