Freelancers stop using Bitcoin to receive payment.

[nelson4lov]

Bitcoin is still a volatile asset even though it's volatility has reduced over the years. The same freelancer that was happy when he received his payment and the price of bitcoin went up is unhappy that the reverse is the case? Idk but it doesn't make a lot of sense because in life, you can't eat your cake and have it. Since he was paid in Bitcoin but wanted no part in the volatility, he should've swapped to a stablecoin but he chose to hold it with the expectation that the price will only go up?

It doesn't work that way, really.

[Fivestar4everMVP]

In Nigeria over 22 million Nigerians mostly youths and teenagers use/own crypto. About 1 million are tech savy while more than 400,000 succeeding in remote jobs.

Yesterday we saw how all btc, eth and other crypto leverage traders where liquidated under few hours, imagine you were paid in Bitcoin how much value would be lost as of yesterday. Same yesterday a friend was in agony after receiving his payment he got from a paid gig. Now he has to wait until the price return back to the previous price. He is on huge loss.

This could be one reason why Upwork, Fiverr, and Freelancer.com dont accept crypto for payment as well with other reason best known to them.

What do you think of freelancer accepting crypto as payment option, do you think they are ware of the advantage and disadvantages of it?
Perhaps they are aware but choose to save in crypto or some just want to be part of the crypto network by owning a piece of it?

Crypto crashes is not a tangible enough reason why anyone interested shouldn't accept payment for their goods and services in crypto currencies, specifically bitcoin..
You shouldnt even be giving this advice because it makes you look like a crypto newbie or some one who is absolutely new crypto..

It is one thing to accept payment for your goods and or services in bitcoin and it's another thing altogether to choose to hold it, if you are so afraid of the market crashing, then simply sell and convert the bitcoin to stable coins or fiat immediately you get the payment, this is a smart way to avoid being a victim of crashes, but also remember that when the market rises, you won't also benefit from it.

[Majestic-milf]

 Nah 50-50. No be all freelancers dey like collect pay for BTC nah make once them receive am, since them no get choice, them go rush move am to a stable coin but some feel say gain dey in receiving in Bitcoin. Wetin I mean by the gain? For instance, you and the person don agree a fixed amount as payment but after payment, Bitcoin fit increase to point wey you fit receive almost times two of your payment once you convert to naira.
 The only difference wey to me dey for accepting Bitcoin over some stable coins nah the charges wey dey attached when you wan convert your funds.

[Chinesebaby]

In Nigeria over 22 million Nigerians mostly youths and teenagers use/own crypto. About 1 million are tech savy while more than 400,000 succeeding in remote jobs.

Yesterday we saw how all btc, eth and other crypto leverage traders where liquidated under few hours, imagine you were paid in Bitcoin how much value would be lost as of yesterday. Same yesterday a friend was in agony after receiving his payment he got from a paid gig. Now he has to wait until the price return back to the previous price. He is on huge loss.

Whether an investor or a freelancer who uses Bitcoin for his day to day trade, it is obvious such individual must have know how volatile such digital currency is in the market, and as such diversified his Bitcoin into either stable coins or fiat, in case of a volatile market just like the one we just experience few days ago. Because of I was a freelancer, what I will do is just be patient for the market to bounce back, and not take any irresponsible action. Because even if you cry from today till tomorrow, it wouldn't change the liquidated assets into it's original value. Hence, best to safe yourself the stress of double worries. That's my humble opinion.

Yours,
Chinesebaby