Would you like to receive your salary in BTC? - page 16.

Oilacris

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Quote from: bamboylee on October 01, 2016, 09:25:07 AM

Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Of course we will say no because of stability issues. But we are signature campaigners, and we are now already receiving bitcoin as payment for our services and we have no issues with that. If the price dumps then we get paid lower in value, but if it pumps we get higher in value.

I dont really have an idea since im just a newbie but you are right i heard about signature campaigns does pay bitcoin for each post and thats already considered as accepting your salary on bitcoin but in real life i think its not a wise decision when we intend to accept bitcoin as our salary because of volatility issues.

darklus123

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Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

What certain things that makes you consider that it is really a bad idea. If you are going to see things in a wider range you can really see that there would be no difference at all if you convert US$ for your currency cause it also fluctuates.

JumperX

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Quote from: Fatanut on October 01, 2016, 09:19:55 AM

Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Even fiat money doesn't have a stable price. There are still price inflation and deflation going on every single day. If Bitcoin gets a stable price, people would just lose interest. In the trading industry, Bitcoin would be basically dead if it gets a fixed price.

Quote from: tygeade on October 01, 2016, 09:00:30 AM

Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Exactly, this is not the right time to accept salary in bitcoin, as the popularity of bitcoin is limited and it is not widely used and accepted and we still need fiat to take care of our spendings.

Why not use the privilege of not having any income tax when using Bitcoin and then convert it later into fiat so you can use in the real world? Not sure why these small disadvantages are causing you guys some trouble when there's a lot of advantages that you can get when you receive your salary in BTC.

It will surely give us an rid from income tax, but what if price goes down to $300 or $400 level in future, it will have huge impact on our monthly income and it will make difficult to take care of our basic expenses.

bamboylee

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Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Of course we will say no because of stability issues. But we are signature campaigners, and we are now already receiving bitcoin as payment for our services and we have no issues with that. If the price dumps then we get paid lower in value, but if it pumps we get higher in value.

Fatanut

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Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Even fiat money doesn't have a stable price. There are still price inflation and deflation going on every single day. If Bitcoin gets a stable price, people would just lose interest. In the trading industry, Bitcoin would be basically dead if it gets a fixed price.

Quote from: tygeade on October 01, 2016, 09:00:30 AM

Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Exactly, this is not the right time to accept salary in bitcoin, as the popularity of bitcoin is limited and it is not widely used and accepted and we still need fiat to take care of our spendings.

Why not use the privilege of not having any income tax when using Bitcoin and then convert it later into fiat so you can use in the real world? Not sure why these small disadvantages are causing you guys some trouble when there's a lot of advantages that you can get when you receive your salary in BTC.

tygeade

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Quote from: rekinthis on October 01, 2016, 08:45:04 AM

Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Exactly, this is not the right time to accept salary in bitcoin, as the popularity of bitcoin is limited and it is not widely used and accepted and we still need fiat to take care of our spendings.

bitkilo

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Quote from: Natlind on October 01, 2016, 08:35:21 AM

I would be happy to received my salary in BTC if it happens so. I would exchange the bitcoins to fiats which is required for the expense and would hold the rest. Since the price is fluctuating and certainly the price would raise in future, I would hold and sell or exchange the bitcoins into fiats. I am sure this will benefits me with more profit. Its kind of a business done with my salary. Everyone will be happy to get the turn around from their investments.

What if you had a bitcoin debit card, would you hold most if not all of your wages in bitcoin and only transfer what is needed to the card so as you can make store purchases and pay some bills?

With the stability in the bitcoin market now this is easy to do

rekinthis

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Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no

Natlind

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I would be happy to received my salary in BTC if it happens so. I would exchange the bitcoins to fiats which is required for the expense and would hold the rest. Since the price is fluctuating and certainly the price would raise in future, I would hold and sell or exchange the bitcoins into fiats. I am sure this will benefits me with more profit. Its kind of a business done with my salary. Everyone will be happy to get the turn around from their investments.

Wendigo

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Another downside of receiving your monthly salary in Bitcoin is the fees you will be paying at Bitcoin exchanges upon converting the coins back to cash. This is something that puts me off when thinking about going fully into Bitcoin. All these fees and surcharges are unnecessary and honestly I would prefer to use fiat for my salary directly and exchange to Bitcoin from there when needed.

randy8777

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Quote from: chachaa on October 01, 2016, 07:42:13 AM

Quote from: danishcookie on September 30, 2016, 10:07:12 PM

Currently I receive my salary in bitcoin or altcoin, I make money from translating, posting, sw testing etc. Feel awesome cuz my salary is increased in fiat due to btc pump.

If the digital currency is fully everything that you earn, then what to do if you go to the store on the street? How to pay for the goods.

very simple actually. when local stores don't accept bitcoin as payment form, then you have to convert a certain part of your coins to fiat in order to buy the things you need.

chachaa

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Quote from: danishcookie on September 30, 2016, 10:07:12 PM

Currently I receive my salary in bitcoin or altcoin, I make money from translating, posting, sw testing etc. Feel awesome cuz my salary is increased in fiat due to btc pump.

If the digital currency is fully everything that you earn, then what to do if you go to the store on the street? How to pay for the goods.

secdark

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Quote from: Doamader on September 30, 2016, 08:00:26 PM

Quote from: tygeade on September 30, 2016, 01:30:44 PM

Quote from: bamboylee on September 30, 2016, 12:52:21 PM

Quote from: jamids on September 30, 2016, 12:16:00 PM

Quote from: biggbox on June 11, 2016, 07:44:10 PM

If you are a BTC lover, would you one day like to get your paycheck 100% in BTC?

Personally I won't. Because many facilities in my area doesn't support BTC payment.

I do not mind receiving, say, 20% of my pay in BTC denomination.

For me also, I would not receive my salary in BTC because it would be useless to receive in BTC and then convert it to BTC later because I wanted to buy something and then I can't buy it with BTC because they only accept fiat. Maybe one day when almost all the stores will accept BTC as payment then I can also accept my salary as bitcoin but now it would be hard because many people don't even know that a digital currency exist.

If you are investing in bitcoin, it is good to accept bitcoin as salary. You do not have to buy bitcoin anymore in order to invest. But if you are using bitcoin just for daily expenses, it is an annoyance to exchange it to fiat.

Even if we accept salary in bitcoins then also at this stage we need to exchange it to fiat for our daily expenses so I don't think it would be smart to accept salary in bitcoins.

Thats the most people think, even they willing to accept get paid into bitcoins they will have to exchange it into fiat, as several people use a big part of salarie to pay bills, soo bitcoin cant do anything yet to the most countries and issues that fiat takes care.

Also the unstable price of bitcoin. What if it dumps? What happen? Though if in our country all of the stores is accepting bitcoin as payment then i would probably agree to give my salary as a bitcoin. The only problem now is we dont have a store that accepts really bitcoin but we say only few.

danishcookie

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Currently I receive my salary in bitcoin or altcoin, I make money from translating, posting, sw testing etc. Feel awesome cuz my salary is increased in fiat due to btc pump.

shane

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Quote from: mirakal on September 30, 2016, 09:33:11 PM

Quote from: shane on September 30, 2016, 09:18:03 PM

if we believe in future bitcoin price will be rising again, i think accept salary in bitcoin is good idea to save our money.

Action speaks louder than words, bitcoin is the best currency so far and if we are just looking at it without any action we will not succeed together with bitcoin, we should also learn how to risk our investment and we must do it now while the price is still cheap and rising.

im selling some computer equipment, and i accept bitcoin as payment too, if my company want to give my salary in bitcoin i will very happy to accept it.

mirakal

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Quote from: shane on September 30, 2016, 09:18:03 PM

if we believe in future bitcoin price will be rising again, i think accept salary in bitcoin is good idea to save our money.

Action speaks louder than words, bitcoin is the best currency so far and if we are just looking at it without any action we will not succeed together with bitcoin, we should also learn how to risk our investment and we must do it now while the price is still cheap and rising.

shane

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if we believe in future bitcoin price will be rising again, i think accept salary in bitcoin is good idea to save our money.

Yakamoto

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I personally wouldn't mind having a decent portion of my salary in BTC, however I don't think that I'd like to have all of it come from Bitcoin. The market can be too volatile for me sometimes, and I would like to make sure that I am able to cover my costs of living before putting money into an investment.

Doamader

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Quote from: tygeade on September 30, 2016, 01:30:44 PM

Quote from: bamboylee on September 30, 2016, 12:52:21 PM

Quote from: jamids on September 30, 2016, 12:16:00 PM

Quote from: biggbox on June 11, 2016, 07:44:10 PM

If you are a BTC lover, would you one day like to get your paycheck 100% in BTC?

Personally I won't. Because many facilities in my area doesn't support BTC payment.

I do not mind receiving, say, 20% of my pay in BTC denomination.

For me also, I would not receive my salary in BTC because it would be useless to receive in BTC and then convert it to BTC later because I wanted to buy something and then I can't buy it with BTC because they only accept fiat. Maybe one day when almost all the stores will accept BTC as payment then I can also accept my salary as bitcoin but now it would be hard because many people don't even know that a digital currency exist.

If you are investing in bitcoin, it is good to accept bitcoin as salary. You do not have to buy bitcoin anymore in order to invest. But if you are using bitcoin just for daily expenses, it is an annoyance to exchange it to fiat.

Even if we accept salary in bitcoins then also at this stage we need to exchange it to fiat for our daily expenses so I don't think it would be smart to accept salary in bitcoins.

Thats the most people think, even they willing to accept get paid into bitcoins they will have to exchange it into fiat, as several people use a big part of salarie to pay bills, soo bitcoin cant do anything yet to the most countries and issues that fiat takes care.

NewInCryptoCurrency

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No I would not like to receive in bitcoins because its simply still not worth it, this already has been told multiple times and I agree with this people.

Topic: Would you like to receive your salary in BTC? - page 16. (Read 49115 times)