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Topic: Would you like to receive your salary in BTC? - page 25. (Read 49123 times)

legendary
Activity: 1008
Merit: 1060
Definitely, yes. There'd be no income tax and some inflation might even happen. Also, Bitcoin is safer to have than carrying an envelope full of fiat. The cash out fee in my country isn't that much. It's like 1% of the total amount as your fee and then half a dollar if you withdraw it on an ATM regardless of how much it is. 3$ for the credit card that you'll be needing.
legendary
Activity: 2688
Merit: 1065
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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. Smiley I do not mind receiving, say, 20% of my pay in BTC denomination.

In my own thoughts, I won't because nothing will change. I will just risk my salary into the price fluctuations. Whenever Im receiving my salary, the money is just seconds away in my hand due to monthly bill payments. So it's not different when I receive it thru bitcoin since I will convert it to fiat once I received it.

So for here, I always do things to make bitcoin thru various ways of earnings this currency.

Every time if you are going to convert it to fiat that means every time you will be paying exchange fees which doesn't sounds great and it won't be profitable too.

Also it will become more hassle since you will need to convert your salary into fiat the moment you received it. Unlike the usual way, where ATM machines are just centimeters away in your work or in some cases, receiving it directly as fiat.

So for us average person here, it's not a best thing to receive our daily job salary into fiat.
sr. member
Activity: 644
Merit: 261
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. Smiley I do not mind receiving, say, 20% of my pay in BTC denomination.

For now, I will not accept yet bitcoin as my salary because it's not that stable and what's the use of accepting bitcoin as payment when my daily needs are payable in fiat not in bitcoin. If I accept bitcoin then I still need to convert to fiat because I can't use bitcoin for payment. I still have to pay additional fees also for the conversion also.Maybe when I can directly buy my needs with bitcoin then I would accept bitcoin as salary.
newbie
Activity: 14
Merit: 0
good idea to receive my salary in btc : no charges ! no taxes !!! hahaha
full member
Activity: 126
Merit: 100
I don't like some things in  the idea, it changes  significantly in price within a few days... at times it  could be positive, but there  are times that these changes  are not advantageous.
hero member
Activity: 952
Merit: 1000
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. Smiley I do not mind receiving, say, 20% of my pay in BTC denomination.

In my own thoughts, I won't because nothing will change. I will just risk my salary into the price fluctuations. Whenever Im receiving my salary, the money is just seconds away in my hand due to monthly bill payments. So it's not different when I receive it thru bitcoin since I will convert it to fiat once I received it.

So for here, I always do things to make bitcoin thru various ways of earnings this currency.

Every time if you are going to convert it to fiat that means every time you will be paying exchange fees which doesn't sounds great and it won't be profitable too.
newbie
Activity: 38
Merit: 0
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. Smiley I do not mind receiving, say, 20% of my pay in BTC denomination.

In my own thoughts, I won't because nothing will change. I will just risk my salary into the price fluctuations. Whenever Im receiving my salary, the money is just seconds away in my hand due to monthly bill payments. So it's not different when I receive it thru bitcoin since I will convert it to fiat once I received it.

So for here, I always do things to make bitcoin thru various ways of earnings this currency.
legendary
Activity: 1008
Merit: 1000
Of course, but not at this time, because of the price fluctuations. I could accept a third of the salary in bitcoins though.

I don't think that companies will agree to it and even I think whether it will ever happen that companies will start paying their employees in bitcoins as they are also aware about the price volatility in bitcoins.
I think companies does not like that, they do not put big amount of money in bitcoin that there is no insurance if their money will lost and also they will be charged big amount of money by depositing their money into bitcoin.

For sure no company would entrust or put all their funds into bitcoin since they would know that bitcoins price  is too volatile and  they would be afraid  on  it because   of the possibility that the  price would go  on opposite way then its a  huge losses for the company which could even make their company close because  of  that scenario.

Yeah and no company will prefer to put their money at risk by investing huge in bitcoins, as if price goes down dramatically then it will be a huge loss for them and no one will prefer to take that huge risk.
legendary
Activity: 1386
Merit: 1020
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Of course, but not at this time, because of the price fluctuations. I could accept a third of the salary in bitcoins though.

I don't think that companies will agree to it and even I think whether it will ever happen that companies will start paying their employees in bitcoins as they are also aware about the price volatility in bitcoins.
I think companies does not like that, they do not put big amount of money in bitcoin that there is no insurance if their money will lost and also they will be charged big amount of money by depositing their money into bitcoin.

For sure no company would entrust or put all their funds into bitcoin since they would know that bitcoins price  is too volatile and  they would be afraid  on  it because   of the possibility that the  price would go  on opposite way then its a  huge losses for the company which could even make their company close because  of  that scenario.
sr. member
Activity: 322
Merit: 250
No I think that is just stupid because of the fact that the bitcoin is a investment and it can let you lose a lot of money.
I simply think its right now still not worth it.
hero member
Activity: 714
Merit: 531
Of course, but not at this time, because of the price fluctuations. I could accept a third of the salary in bitcoins though.

I don't think that companies will agree to it and even I think whether it will ever happen that companies will start paying their employees in bitcoins as they are also aware about the price volatility in bitcoins.
I think companies does not like that, they do not put big amount of money in bitcoin that there is no insurance if their money will lost and also they will be charged big amount of money by depositing their money into bitcoin.
hero member
Activity: 840
Merit: 1000
Of course, but not at this time, because of the price fluctuations. I could accept a third of the salary in bitcoins though.

I don't think that companies will agree to it and even I think whether it will ever happen that companies will start paying their employees in bitcoins as they are also aware about the price volatility in bitcoins.
member
Activity: 84
Merit: 10
Of course, but not at this time, because of the price fluctuations. I could accept a third of the salary in bitcoins though.
hero member
Activity: 952
Merit: 1000
Not into 100% because encashing or exchanging bitcoins into fiat currency do have a fee of about 3% here in our country.  So I would accept the offer of having my salary into btc in a condition that they would give me additional 3% allowance for the exchanging fee.  Like I said I would not have all my salary into 100% bitcoin.  Maybe 30%, why?  I will use bitcoin as an investment.  I would just keep it in my bitcoin wallet and wait for its price to goes up.  Additional income, right?! Wink

Well if that happens in future then it would be a good choice to get salary in both fiat and bitcoins, but I don't think it will happen very soon as companies will prefer to pay only in single mode.
legendary
Activity: 2170
Merit: 1427
Receiving Salary in terms of bitcoin seems to be good, if the user has the habit of spending some amount upon buying bitcoins regularly. Now more users hesitate just because of the acceptance got over the universe compared to other nationalised Currencies that's been used. This gets changed when the user profile reaches certain percentage of the world population.

I'm waiting for the time when all the people who would use Bitcoin know about its existence and then the price of Bitcoin would rise to unexpected level. I think it might be 10k or even 100k per 1 coin. Unfortunately most people are so busy with their everyday life so they have no time to learn what Bitcoin is except from the media which is giving a negative picture mostly.

Its hard to believe that everyone will start using bitcoins in future as the traditional thinkers will always follow what the listen in news and they will never prefer to use it, as its "illegal" for them.

It's not only hard to believe, but basically pointless to think so as it will never happen. The majority of the population is simply not interested in Bitcoin for whatever reason. Bitcoin is an alternative currency tool that is being used by people who understand what it can do for them in their life. And yes, the people that do realize the usefulness of Bitcoin are part of a far minority.
hero member
Activity: 994
Merit: 544
Not into 100% because encashing or exchanging bitcoins into fiat currency do have a fee of about 3% here in our country.  So I would accept the offer of having my salary into btc in a condition that they would give me additional 3% allowance for the exchanging fee.  Like I said I would not have all my salary into 100% bitcoin.  Maybe 30%, why?  I will use bitcoin as an investment.  I would just keep it in my bitcoin wallet and wait for its price to goes up.  Additional income, right?! Wink
hero member
Activity: 910
Merit: 1000
Receiving Salary in terms of bitcoin seems to be good, if the user has the habit of spending some amount upon buying bitcoins regularly. Now more users hesitate just because of the acceptance got over the universe compared to other nationalised Currencies that's been used. This gets changed when the user profile reaches certain percentage of the world population.

I'm waiting for the time when all the people who would use Bitcoin know about its existence and then the price of Bitcoin would rise to unexpected level. I think it might be 10k or even 100k per 1 coin. Unfortunately most people are so busy with their everyday life so they have no time to learn what Bitcoin is except from the media which is giving a negative picture mostly.

Its hard to believe that everyone will start using bitcoins in future as the traditional thinkers will always follow what the listen in news and they will never prefer to use it, as its "illegal" for them.
hero member
Activity: 713
Merit: 501
Yes, I would like to receive my salary in BTC. It's possible that there would be an inflation coming after you've received your salary in BTC. Bad things can happen to, though, and Bitcoin deflates then you needed to withdraw some money. So even if you're already getting paid in Bitcoin, always have some fiat with you for emergency purposes.
legendary
Activity: 3500
Merit: 2246
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Receiving Salary in terms of bitcoin seems to be good, if the user has the habit of spending some amount upon buying bitcoins regularly. Now more users hesitate just because of the acceptance got over the universe compared to other nationalised Currencies that's been used. This gets changed when the user profile reaches certain percentage of the world population.

I'm waiting for the time when all the people who would use Bitcoin know about its existence and then the price of Bitcoin would rise to unexpected level. I think it might be 10k or even 100k per 1 coin. Unfortunately most people are so busy with their everyday life so they have no time to learn what Bitcoin is except from the media which is giving a negative picture mostly.
legendary
Activity: 2086
Merit: 1058
I would love to receive my salary in BTC one day, but that day, Bitcoins should be accepted everywhere wherever I would be going...
That's just because I don't want to exchange it for fiat as I want to get everything against bitcoins, I mean I want to use it freely and independently without the involvement of other currencies...

Yup, we have to be practical, even if we like bitcoin and using it for some of our purchase, it would not be nice if we would accept it as our salary...Yet we can't use it anywhere and when we need it...Aside from that, if you would just use it for small purchases, the transaction fee will always be a big thing... I'd rather receive my salary in fiat with no hassle until the time that bitcoin is useful anywhere...  Smiley

Yeah this is going to be a risky thing if we are going to accept our salary as bitcoin. For me I would love to receive it first as cash and it is just going to depend to me only if I will going to buy some bitcoins and going to convert my fiat money into bitcoins. But as long as the company is going to force implement this then we can't do anything about it.
yeah I think it would be safe to receive a payment or salary to fiat or cash advance. because even though you do not receive a salary with bitcoin though. you can exchange fiat to bitcoin very easily
I think it would be safe to vote or hold fiat first

Yup at a moment we cannot take risk of getting salary in bitcoins, as price can either go higher or even lower in coming period, and if it falls then it will affect our income negatively.
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