There is no problem receiving monthly salary in btc IMO and for my use. The employer's should be flexible enough to control the constant fluctuation though. Also that won't happen unless BTC goes mainstream so there wouldn't even be a need for exchanges.
Bitcoin being in the mainstream is still too far in the future. But I hope it happens in our lifetime so we can have a choice in what currency we want to use. We can start ignoring fiat if that happens and we will be free from never ending inflation of fiat. |
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If it happen to me, i will try borrow money from my friends and my relative first. If they can't do that, i will try find a job or part time job, because i really need money.
i think we can take loan at bank with our home certificate or our motorcycle certificate as a collateral, in my country it's very easy to take loan with valid collateral, the interest only 20-30% per year. 30% is too much as an interest. Are you taking the loan from the bank? That is too much as an interest. And they give barely 1% interest if you deposit money to them. These banks are taking too much advantage of poor people. 30% per annual interest is too high for an average on 2.5% per month, you are right , some banks have these interest rates but you dont have a choice if you are really in need of money in times of emergencies. YOu would surely agree to their terms on paying such high interest of your loan. I will not agree to that term. That is just too high interest rates. And that is not a solution, that loan will just create more problems and will dig you deeper your financial problems. Soon, all your income will go to paying that loan. If you can go to other banks ang negotiate then it is better. |
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I have some plan.
Buy bitcoin and hold it for the longterm, I always trust the bitcoin will be increase someday
Buy Altcoin and waiting is pump to get profit.
I think it is a bad idea to use altcoin for long-term investment because you know yourself that altcoin very easy to die so I thought do not hold too long for altcoin. because you could lose when they die altcoin or perhaps just the price dropped very sharply Yeah right, if we invest in altcoin better not hold for too long because the decline is very sharp and easy death. But investment altcoin I think is also good if we be careful. If the altcoin has good potential like bitcoin, you can invest in it long term. If it has a good support from developers, I think you can invest. But if it just like any other altcoin who become scam after some time, then no way. We should be wiser now where we invest on altcoin. |
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i don't think it will be worth to buy and hold if the price falls upto 1$ because there will no miner avalible in the network who can bear that much loss per block andits totally insane if anyone keep mining at that rate
Then why people buy alcoins and hold them? and altcoins also have miners, but why everybody screaming here so badly. bitcoin price will never drop to 1$. and if drop by chance then bitcoin will still survive I am sure. I do not think bitcoin will still survive if it dropped to one dollar. Bitcoin dropping that far just means there is no more support from users, no one is buying it already. Unless the cause of the drop is price manipulation of whales, then it is a different story. If it is just manipulated, then there is a high chance bitcoin will bounce back. |
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I don't and think only a few minority actually make a living with bitcoin, mostly people running exchanges and those operating gambling sites since these are the biggest investments with btcoin.. probably not more than hundreds.
In the other case is living with bitcoin is very profitable to try. Because it have fluctuations relative profitable too. When someone decided to make a living with bitcoin it can be nice or even except. But i know someone who make a living with bitcoin by trading bitcoin as well. He have so big capital and it can give they much money enough even more to complete his family necessities. Nice to hear someone actually surviving and supporting their family with bitcoin alone. It means it really is possible even now that the price is low. I guess trading is the real answer if you want to earn a living in bitcoin. Problem is, trading is not for everyone. It is only for those who have initial.capital and trading skills. |
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The best time to buy is when itsnprice hits low. Justnlike buying some stocks, financial guru teaches us that when its price is low it is the best time. Buy low sell high priciple should be the principle. But that what they said.  . I buy btc whenever I needed it or whenever of course I have extra money even its price is high. If I needed it I do not consider its values since I needed it right away. But how will you know that the price you are buying is low? Last year the price is 200, will I wait for the price to drop at 200.before I purchase bitcoin today? If you are investing, the price does matter but not the only consideration. You can do cost averaging to minimize the cost of your bitcoin purchase over time. And if you are holding for 10 years, I think you can just buy at any price today since it will be a long term investment. |
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accepting bitcoin for my salary is way too much risky i can not take that much risk just for a little profit but if i go for trading with bitcoin the it can be much profitable than this
What about if you could get a small part of your salary in Bitcoin? There is a company called PEY in Hannover Germany who offers such service. And I know a few guys who are using it to receive a small part of their monthly income in BTC. yeah agree I think you do not need to use a third party because I'm sure it will spend considerable money for a fee. you'd better accept fiat salaries in their entirety and you can use it for anything such as converting it into a bitcoin? I thought it would be safer and cheaper course I do not think I want a third party holding my salary. If I can't have it from my employer paying me half bitcoin, half fiat, i'll accept it in fiat. I will be the one to buy the bitcoin from my salary if I want to invest in bitcoin. That way I can control what price I will buy bitcoin and no one else handling my salary but me. |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I don't think so, 2022 is just 6 years away from now. Bitcoin users well, increasing every year but I do not think that would be enough to say that bitcoin would be used by everyone. Some people especially who are older and not familiar with computers would not let go of the usage of fiat. It is more easy to use and of course it is realistic. We can let go of the old ones with their fiat money. The important thing is we teach the young ones with bitcoin. They are the future, so if we influence and educate them about bitcoin, we are ensuring that bitcoin will survive in the future. And it might be even everyone is using bitcoin in then future. But you are right, 2022 is too near for that. |
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Yes i am but not in ditect bitcoin i cash it out before i spent it. Because here they not receive bitcoin in shopping or in store but in billing they can recieved it direct using coins.ph so i can not spent my bitcoin in direct payment to the department store we neef to cash it first before we spent.
I think if you are exchanging bitcoin to fiat then it is not spending but dumping. You are just dumping bitcoin for another currency, and is actually bad for bitcoin. It is just sad that there are still no merchandiser that accept bitcoin in real life. It can only be spend online. I hope someday it can be done. |
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Bitcoins is money, so the only one way what to do with money - spend it, the main question is how to? But nobody can't answer this question exept you.
Just be sure you spend it wisely. If you earned it the hard way, it would be a waste if you just spend them on booze or other unworthy stuffs. And bitcoin is good as an investment too. So you can just hold them and wait for a good price to exchange it. |
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i think it would be good to save money and invest it to real investment or buy bitcoin.
i like real investment like buying new vga for mining altcoin, then i invest my bitcoin at cloud mining system. in future i want to have 'real mining' so every one can growing his money in 'real system' I'm not sure invest in cloud mining is profitable I think is better to invest in altcoin or trade altcoin and get profit from them. I have tried investing in cloud mining and it does not work for me, I was just scam by the site so I would suggest you stay away from that type of investment. Actually you can find a good investment here like investing in an online casino, but if you are in doubt holding your bitcoin is already a form of investment. You can easily spot scam investment sites. If their offer is too good to be true, then it must be a scam. Do not put your money in there. Look for real.investments. it is hard to weed out the real investment sites from the scams, but if you do it will be very profitable. |
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My plan is to earn a lot of bitcoin and don't use it on small things. Invest on safe investment, trade on safe traders, for me to earn big BTC and wait until the price get big because i have a strong feeling that one of these days, months, years, that the BTC is going up and that was the right time that i already earn a lot of btc and convert it.
I think this plan is good but it will take a lot of time. If you are starting from zero bitcoin now, it will be years before you can accumulate a decent amount you can hold for price increase. That is if you do not spend your bitcoins for daily expenses. But if you started when bitcoin was still young, and you accumulated hundreds of bitcoin, this plan would be a lot easier to accomplish. |
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if you have very cheap electricity you can build a small farm of few rig and be very profitable and leave your job i think, the earning would be something like 3-4k usd per month, i would be very surprised if anyone is earning that much in real life job now lol
Yes that would be really surprising because apparently, electricity costs a lot every where. There's no place that gives you low-cost electricity which makes your plan a little too far fetched. Your plan would also need a large amount of capital considering the fact that you're targeting a profit of 3-4K USD and it would be extremely boring since there would be not much effort that has to be done once the setup is done. Well why not try to build up your small farm of mining rig by using solar panel if you are getting expensive bill to your electricity bill then you need to invest also for solar power. But I'm pretty sure you are going to get the return of your investment for few months and you are going to have no problem with your electricity consumption. Having a solar panel instead of having electricity from an electricity company will cost you a lot. I don't wanna stress this that much but it will really cost you tons of money. Knowing that your "small farm" will be having mining rigs that should be able to generate 3-4K USD a month (in profits, other stuffs aren't counted yet in this price), then that means that you're gonna be needing an electricity that is sufficient to power these rigs every day and every night. With the additional electricity consumption for the ventilation of the mining rigs. The mining rigs alone will cost you a lot, the land and the materials that will be used in building the room for the farm will cost you a lot, the solar panels will cost you a lot = This is some serious large amount of money. Those cost is part of an investment. If you have enough money to start a mining farm and your study shows that it will be roi in a few months, then I think it is worth a try. After the initial cost, it will just be maintenance and everything if profit without you doing anything but wait. I think it is a win. |
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I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank
Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program. As long a you store your bitcoin online, there is a possibility that it will be hacked. Because you are not the one holding your private keys. If you store it in a cold storage and you are the one who knows your keys, then your bitcoins are really safe. Bitfinex hack was not a hack on bitcoin, blockchain or wallet. It is a hack on the system of the exchange. |
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because it's money, and I can earn it in easy way like joining signature campaign. so I can buy stuff like books without asking money to my parents.
Yeah you can earn it from signature campaign which can take care of your basic expenses, and it makes you an independent person and it also increases your buying power. I have bitcoins not simply because it is money, but because it is an investment. Money is a little different from investment because saying that it is an investment only proves that it has the chance of gaining in value, thus earning additional profits. Bitcoin can be both, a currency for spending and an investment for profit. It just depends on how you want to view or use bitcoin. I use bitcoin for both. Some I spend for daily expenses and some I hold on my wallet for future value. It helps me a lot to survive some financial difficulties. |
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At the end of the month when I get paid, the first thing I think about is buying more Bitcoin. Nothing feels better than seeing your wallet grow. This has helped me to stop spending my money on stupid shit like alcohol.
I hope you can keep it up. Getting rid of a vice is hard, especially alcohol. But I think you found a better vice, bitcoin. It is really better to buy bitcoin than alcohol or smoke, because it can be beneficial to you in the future while the other can cause you some headaches. |
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I think we need both, i mean we must save some money for the future, and in the other side we have to invest some amount to make long term profit, so both are needed indeed
It has been said again and again that saving and investing goes hand in hand. No need savings to start an investment and a back up to it. And if your investment bear fruits, you need to save again to have more investments and for retirement. |
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I cant see any future for paper money . Paper money era will be dead .Long live Bitcoin
Not that fast bro, you have too much confidence on bitcoin that you will beat what the government are implementing, paper money will not be lost in the circulation and that is for sure because we do have our brothers and sisters who does not know how to operate online transactions using bitcoin. Sure it is not that fast. But in more years to come children will grow and they will be the one who will be in to bitcoin. We dont forget about the old ones. I am just saying that it is circulating and we know how technology grows and even children can manage to use a computer nowadays. No it's not the real scenario. Just because we are in bitcoin we can easily expect big change to the point that all people will be used bitcoin. Even for decades to come it won't happen. Actually we have a great technology today but why others countries can still adopt it?? Because there are lots of things to be consider. Same goes for adopting bitcoin so. Our children can adopt this knowledge but what about those people that suffers those I stated above? Paper money is already starting to become obsolete. It is being replaced by card. It is still fiat but only it is in credit cards or atm cards. So the paper money will have no more place in the future. But it will be a battle between cryptocurrency and cashless fiat. I am not saying bitcoin because it can be bitcoin or any alt-coin that will be prominent that day. |
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yea...I earn living with btc..but not into any project for now...buy how I earn btc is through faucet sites and trading of btc...that earn me much profits....and use it for daily expences..
Bitcoin can take care of our daily expenses if you are single, but if you have an responsibility of your family then you cannot depend only on bitcoins for living. Maybe if you are good at trading you can support a family thru bitcoin earning. I am not good at trading but I can still earn a bit. Add that earning to what I earn in signature campaign, it can support myself. But maybe if I become an expert in trading, I can do better at earning bitcoin and can support a family. |
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Since I don't have much money I'm pretty good at managing what I have. Around a half goes for paying bills and the other half for buying food, clothes etc. I don't have any debts and that's what I'm happy about.
I think you are doing well even if you do not have that much money you can manage it. It is like what they say about those who can manage small talents, can do well in big. So i think you are good at managing money. |
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