Will you accept bitcoin as your salary? - page 73.

TastyChillySauce00

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Quote from: bitlancr on September 08, 2016, 03:01:23 AM

Quote from: Yutikas_11920 on July 29, 2016, 09:50:08 AM

Quote from: asriloni on July 29, 2016, 09:37:56 AM

I'll never wanna to accept bitcoin become my salary caused by 1. the price is volatile 2. there is no offline store of very rarely to finding the store can accept bitcoin 3. bitcoin not giving a guarantee for me.

I think it may be true, But you need to know from you complaining in the bitcoin. I had a few things from the advantages of using bitcoin. 1. even though the price is unstable, but it is so beneficial for us in having a very good patience. 2. Indeed it is still rare, because very few companies that still accept bitcoin. But this can be overcome by swapping bitcoin to fiat. 3. did not have warranties, but the big advantage of promising bitcoin when we can wait

For me it would not be a smart choice to select Bitcoin as my salary, in my country there is almost nothing that you can do with Bitcoin.
So I would have to sell them all the time which is going to be annoying in the long run.

there's bitcoin debit card that you can top up easily through bitcoin as long you have bitcoin in your account and when loading you just need to click "load"button and then giving the exact amount,i think it's really simple so you don't need to sell your bitcoin through an exchanger or whatever that make it more complicated

resilientknight

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Yes, in theory it would be amazing to have BTC as a salary. Some points may bring many benefits, because we know the efficiency of Bitcoin as a payment method, but in practice it could not work at the time, because of the price instability that we are usually seeing.

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Quote from: delliaerd on September 08, 2016, 05:22:05 PM

Obviously there is some advantages and disadvantages from receive salary in bitcoin. 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. But when you receive it as salary and suddenly one day the price of bitcoin drop you will lost a big part of your money.

Actually for me, it's a little off, imagine, you have to accept your salary in bitcoin and yet you are going to use it in real life and convert it to fiat to use it, that's a little hassle and may waste some part of your money if you would use it in small amount at a time... I'd rather receive it in fiat and then buy a few coins from my savings for a long term keeping...

Quote from: CloudStrife on September 08, 2016, 08:19:04 PM

The use of bitcoin certainly may change things a lot in the future, and I would say in a near future. But there is still a high risk on accepting Bitcoin as your salary these days, since the price is unstable, it may inflate or fluctuate, affecting considerable your total salary.

Fluctuation doesn't matter much, what matters is how you will use your salary... If everything in this world is not yet payable with bitcoin, then I think there's no good in accepting it as a salary... IMO...

madwica

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Quote from: CloudStrife on September 08, 2016, 08:19:04 PM

The use of bitcoin certainly may change things a lot in the future, and I would say in a near future. But there is still a high risk on accepting Bitcoin as your salary these days, since the price is unstable, it may inflate or fluctuate, affecting considerable your total salary.

Even the price of bitcoin will goes stable in the future it is risky and complicated to received salary into bitcoin and more hassle in exchanging into fiat. That is why we need to as is what our salary received as this moment.

CloudStrife

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The use of bitcoin certainly may change things a lot in the future, and I would say in a near future. But there is still a high risk on accepting Bitcoin as your salary these days, since the price is unstable, it may inflate or fluctuate, affecting considerable your total salary.

delliaerd

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Obviously there is some advantages and disadvantages from receive salary in bitcoin. 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. But when you receive it as salary and suddenly one day the price of bitcoin drop you will lost a big part of your money.

Supercrypt

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Quote from: Noctis Connor on September 08, 2016, 06:04:09 AM

Quote from: InsideBjorn on September 07, 2016, 10:53:00 AM

No I would not do this because its not easy to pay with it right now, you will have to transfer it to all kind of currency's.
If I can pay my expenses with the bitcoin I would consider it.

Yuh because it easier to use bitcoin to pay expenses every day so that you can accept your salary to bitcoin and the best thing here if your bitcoin wallet are based on your country and that bitcoin wallet are patnered in some banks or remitance center wheere you can easily pay bills then thats awesome because here in my country we can now pay our bills using our bitcoin wallet.

Well that's cool if you can do that already. Although the problem would then lie if your employer/boss/manager or however you call your "salary-giver" would want to pay you in bitcoin form. We already know that having to convince normal people about bitcoin takes quite the confidence and the level of patience, what more from someone who has a higher employment standing than you?

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Quote from: abayan on September 08, 2016, 06:20:19 AM

Quote from: tampazeus on September 08, 2016, 06:07:25 AM

Quote from: kidoseagle0312 on September 08, 2016, 05:28:05 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 I won't Accept it for now as payment in my salary, it will be too risky to me. because what if the price goes down all of a sudden. The problem with employee is the fluctuation I think. That's disadvantages of it.

Employee's income will be at the risk for sure and even employer will hesitate in paying them in bitcoins as they will be holding huge volume of coins to pay and if price drops it will be a huge loss for them too.

I agree the price really matters if the price goes down then your salary also goes down because it is based on the bitcoin but the good thing is if the price goes it is really goes up but i do prefer my salary is our own fiat so that it is stable there is no possibility that is going up and there is no possibilities that it is going down.

If country you are living in is not active in bitcoins then there is no point in accepting salary in bitcoins as you always need to convert it to fiat for spending and every time you have to pay conversion fees.

abayan

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Quote from: tampazeus on September 08, 2016, 06:07:25 AM

Quote from: kidoseagle0312 on September 08, 2016, 05:28:05 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 I won't Accept it for now as payment in my salary, it will be too risky to me. because what if the price goes down all of a sudden. The problem with employee is the fluctuation I think. That's disadvantages of it.

Employee's income will be at the risk for sure and even employer will hesitate in paying them in bitcoins as they will be holding huge volume of coins to pay and if price drops it will be a huge loss for them too.

I agree the price really matters if the price goes down then your salary also goes down because it is based on the bitcoin but the good thing is if the price goes it is really goes up but i do prefer my salary is our own fiat so that it is stable there is no possibility that is going up and there is no possibilities that it is going down.

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Quote from: kidoseagle0312 on September 08, 2016, 05:28:05 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 I won't Accept it for now as payment in my salary, it will be too risky to me. because what if the price goes down all of a sudden. The problem with employee is the fluctuation I think. That's disadvantages of it.

Employee's income will be at the risk for sure and even employer will hesitate in paying them in bitcoins as they will be holding huge volume of coins to pay and if price drops it will be a huge loss for them too.

Noctis Connor

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Quote from: InsideBjorn on September 07, 2016, 10:53:00 AM

No I would not do this because its not easy to pay with it right now, you will have to transfer it to all kind of currency's.
If I can pay my expenses with the bitcoin I would consider it.

Yuh because it easier to use bitcoin to pay expenses every day so that you can accept your salary to bitcoin and the best thing here if your bitcoin wallet are based on your country and that bitcoin wallet are patnered in some banks or remitance center wheere you can easily pay bills then thats awesome because here in my country we can now pay our bills using our bitcoin wallet.

kidoseagle0312

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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 I won't Accept it for now as payment in my salary, it will be too risky to me. because what if the price goes down all of a sudden. The problem with employee is the fluctuation I think. That's disadvantages of it.

chaosknight

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Quote from: dinda22 on September 08, 2016, 05:13:32 AM

Quote from: 20kevin20 on September 08, 2016, 04:56:22 AM

Quote from: greBit on September 08, 2016, 04:54:18 AM

Quote from: Watercooler on September 08, 2016, 03:19:20 AM

I wouldn't mind to get a part of my salary paid in Bitcoin, but still the majority in ordinary cash. It is still
easier to pay your mortgage, insurances, groceries etc with ordinary cash.

But I don't think that company will pay you a part of salary in bitcoins as they will never prefer to pay in two different ways, either they will full in bitcoins or in fiat.

The problem has to be the exchange rate. Paying the salary as BTC might be a big mistake. If you received right now $1k in BTC and the price fell to $250, you would have LESS THAN HALF OF YOUR SALARY! What can you do with $400?! Nothing!

if I may be unwilling to accept a salary with bitcoin. price volatility is the main reason for not receiving salaries with bitcoin.
even investors and big companies will think with bitcoin prices volatility,because it can be a big loss for them.

Yeah and if price falls then it will also reduce your income and it will disturb your financial plans, so its very risky to accept salary in bitcoins as you never know what will happen in future.

dinda22

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Quote from: 20kevin20 on September 08, 2016, 04:56:22 AM

Quote from: greBit on September 08, 2016, 04:54:18 AM

Quote from: Watercooler on September 08, 2016, 03:19:20 AM

I wouldn't mind to get a part of my salary paid in Bitcoin, but still the majority in ordinary cash. It is still
easier to pay your mortgage, insurances, groceries etc with ordinary cash.

But I don't think that company will pay you a part of salary in bitcoins as they will never prefer to pay in two different ways, either they will full in bitcoins or in fiat.

The problem has to be the exchange rate. Paying the salary as BTC might be a big mistake. If you received right now $1k in BTC and the price fell to $250, you would have LESS THAN HALF OF YOUR SALARY! What can you do with $400?! Nothing!

if I may be unwilling to accept a salary with bitcoin. price volatility is the main reason for not receiving salaries with bitcoin.
even investors and big companies will think with bitcoin prices volatility,because it can be a big loss for them.

20kevin20

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Quote from: greBit on September 08, 2016, 04:54:18 AM

Quote from: Watercooler on September 08, 2016, 03:19:20 AM

I wouldn't mind to get a part of my salary paid in Bitcoin, but still the majority in ordinary cash. It is still
easier to pay your mortgage, insurances, groceries etc with ordinary cash.

But I don't think that company will pay you a part of salary in bitcoins as they will never prefer to pay in two different ways, either they will full in bitcoins or in fiat.

The problem has to be the exchange rate. Paying the salary as BTC might be a big mistake. If you received right now $1k in BTC and the price fell to $250, you would have LESS THAN HALF OF YOUR SALARY! What can you do with $400?! Nothing!

greBit

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Quote from: Watercooler on September 08, 2016, 03:19:20 AM

I wouldn't mind to get a part of my salary paid in Bitcoin, but still the majority in ordinary cash. It is still
easier to pay your mortgage, insurances, groceries etc with ordinary cash.

But I don't think that company will pay you a part of salary in bitcoins as they will never prefer to pay in two different ways, either they will full in bitcoins or in fiat.

tomwoodservices

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I regularly do accept Bitcoin as a payment method simply because there is no competition to its fees, there is no hassle with working with clients overseas and being compensated and overall it is just very convenient.

Watercooler

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I wouldn't mind to get a part of my salary paid in Bitcoin, but still the majority in ordinary cash. It is still
easier to pay your mortgage, insurances, groceries etc with ordinary cash.

bitlancr

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Quote from: Yutikas_11920 on July 29, 2016, 09:50:08 AM

Quote from: asriloni on July 29, 2016, 09:37:56 AM

I'll never wanna to accept bitcoin become my salary caused by 1. the price is volatile 2. there is no offline store of very rarely to finding the store can accept bitcoin 3. bitcoin not giving a guarantee for me.

I think it may be true, But you need to know from you complaining in the bitcoin. I had a few things from the advantages of using bitcoin. 1. even though the price is unstable, but it is so beneficial for us in having a very good patience. 2. Indeed it is still rare, because very few companies that still accept bitcoin. But this can be overcome by swapping bitcoin to fiat. 3. did not have warranties, but the big advantage of promising bitcoin when we can wait

For me it would not be a smart choice to select Bitcoin as my salary, in my country there is almost nothing that you can do with Bitcoin.
So I would have to sell them all the time which is going to be annoying in the long run.

Schuyler

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I would still choose fiat over bitcoin as salary because I could simply just buy bitcoin with what I earn. I don't think that would be very practical for me to accept bitcoin as salary because of its limited acceptance and its being very volatile by nature.

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