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Author Topic: Would you like to receive your salary in BTC?  (Read 49111 times)
ranochigo
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June 12, 2016, 03:34:15 AM
 #21

If the BTC price is stable and there are establishments who accepts BTC in my area, I would probably opt for a certain percentage of my income to be paid in BTC. The price is key. If the price per BTC is extremely volatile, I would not want my pay to be depreciated in value.

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The Sceptical Chymist
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June 12, 2016, 03:34:44 AM
 #22

Nope.  I still like physical currency and I treat bitcoin like digital gold--I have no interest in spending it.  In addition I don't want the value of my paycheck to fall 20% before I get a chance to spend it.  So btc would have to be far more stable (and accepted by merchants) before I'd ever want to take my paycheck in btc.

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Miiike
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June 12, 2016, 03:34:56 AM
 #23

Having your salary in BTC would just like having a double job back-to-back, because you can say that besides your real job, you're also working on investment business.
Not really... That would be like putting your money in a savings account, and trying to earn interest. Doesn't count as a job, unless it's actually making you money... and I don't consider the banks 0.025% a job.
Fuck the banks...

Err... yeah, forgive my poor choice of word. When I said job, I mean earning-for-a-living. No matter how small the extra interests is, it's still an earning.  Cheesy
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June 12, 2016, 03:35:50 AM
 #24

It all depends on the situation. As of now, I would say no to that. I use my salary for my daily living -- go to the market, buy goods, clothes, pay bills, where bitcoin is not yet accepted as payment, so I would prefer it to be in fiat. If my money was intended to be in my savings, it is okay for me to be in bitcoin, since I will just save it now and use it later.

I agree that it depends on situation because if the employer is located across the globe i would prefer bitcoin. But for local jobs, i would prefer cash Smiley since BTC fluctuates and if you need cash immediately, you have to exchange it first.

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June 12, 2016, 03:37:29 AM
 #25

i would like to accept 60% from my salary into bitcoin, because i think bitcoin price will be going high in the future and now its right time for hold as much as btc i can. Grin

That's a good way to get the salary. 60% gives us a better price if the bitcoin price increases and even if price decreases it can be compensated with the remaining 40%. Now its been increasing continuously so as quoted its good to hold.

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June 12, 2016, 03:51:11 AM
 #26

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.
if you ask me i would say yes. i would happily take my payment in btc. my area also dont support btc payments but i would convert my btc payment into fiat online after halving and get huge profit from my total income.
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June 12, 2016, 03:54:21 AM
 #27

I would if its globally recognize and can be used in any merchant offline not just online and have a stable market.
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June 12, 2016, 04:40:11 AM
 #28

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.

no i wouldn't want to receive my salary in BTC , because people's different and me type of people who must pay bills after get my salary  Grin , if i got my salary in BTC , then i must exchange it first
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June 12, 2016, 04:46:24 AM
 #29

i would like to accept 60% from my salary into bitcoin, because i think bitcoin price will be going high in the future and now its right time for hold as much as btc i can. Grin

That's a good way to get the salary. 60% gives us a better price if the bitcoin price increases and even if price decreases it can be compensated with the remaining 40%. Now its been increasing continuously so as quoted its good to hold.

For this to happen, Bitcoins should be globally recognized and accepted.  Not everyone knows about the bitcoins and not every institution has the solution of providing salaries in bitcoins. For now, we can continue to get salary in physical money but if anyone wants to take advantage of price increase of bitcoins he/she can convert their money in bitcoins, again its on there own will only.
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June 12, 2016, 04:48:57 AM
 #30

I don't want to receive my wage in BTC because I think right now bitcoin price isn't stable enough. If I received my salary in BTC, my earnings every month wouldn't be fixed. In this month maybe I can buy many goods, but in the next month maybe I can't pay my rent. Also there's nobody accepts bitcoin as alternative payment in my area, so I must exchange my bitcoin before to be able to used, and it's a complicated thing Cheesy
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June 12, 2016, 04:53:34 AM
 #31

i don't think anyone will try to get their salary into bitcoin because everyone know that we cannot trust bitcoin market. if it bacame a little stable then i can this about this.and yes this will be very effective way to advertise about bitcoin
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June 12, 2016, 04:55:56 AM
 #32

this is a good though but i am afraid it is not so practical for me because i use my salary for my living expenses and these expenses are only done with fiat not bitcoin and i have no other way of spending bitcoin on them unless i want to go through a third party a whole lot of head ache!

so i prefer buying bitcoin myself instead.

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June 12, 2016, 04:56:30 AM
 #33

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.

Why not if it happens, well that's a good news for bitcoin users, but there are many disadvantages for that also, like what if when its your payday and after an hour the bitcoin value drops a lot, so thats the biggest issue for that. But if it pumps a lot also, well thats the good side about that.
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June 12, 2016, 05:20:53 AM
 #34

no, i don't want accept my salary with bitcoin because i know the price of bitcoin are fluctuating so when the price goes down, i would get amount less than my salary when sell it in exchanger.

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June 12, 2016, 05:26:11 AM
 #35

No I definitely wouldn't want that, there is just too much uncertainty involved. You wouldn't even be able to plan your budget for the month because there is no way to predict how much your Bitcoins will be worth from one day to the next. If Bitcoin goes up, you're a happy bunny but if it experiences a big drop, you might find yourself perusing the neighborhood dumpster for food  Cheesy
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June 12, 2016, 05:29:16 AM
 #36

I do not think ... I'm still not sure.
Preference I would get paid the usual money and be assured of a steady rate of wages and the opportunity to plan my budget. But part of the salary to invest in Bitcoin. Because Bitcoin for me it's extra income.
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June 12, 2016, 05:35:24 AM
 #37

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.

No. My fiats are the one who has being used to support my daily needs. Bitcoin isn't mean for this because I care for the price.

I just want to rely on my own methods to earn bitcoin since Im getting a decent amount of bitcoin every week.

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June 12, 2016, 06:35:04 AM
 #38

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.

not these days! because bitcoin is not yet used as a currency in my country so i would only be restricting myself if i receive my salary in bitcoin.
so it would be an additional step for me because since i need fiat money i would be forced to sell bitcoin and convert it to fiat and then use that for my needs.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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June 12, 2016, 06:38:53 AM
 #39

An interesting topic I think because I do receive my paychecks in BitCoin. Now that I have a BitCoin debit card, and am able to spend BitCoin anywhere, I figured "why not"

Join BitWage. They are a service in which you can direct deposit your paycheck to your BitCoin wallet with any company you work for. They don't even have to know that they are paying you in BitCoin.

I think the more people that do this, the more BitCoin will become a real thing in this world. If there aren't people who make a change, there will never be a change.

Who knows... I don't spend much Fiat anyway, so I don't spend much BitCoin either. If the price increases, I'll have a lot of money, if it declines... I probably wasn't going to spend it anyway...

That's the good part of living with your parents xD, they currently pay for most things for me. (except gas and phone bill) ugh...

There's actually such a service around? Cool! Smiley

So you have your wages 100% in Bitcoin every month? What are the inconveniences?

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June 12, 2016, 06:40:37 AM
 #40

yes i will like to receive my salary in bitcoin as there is nothing bad in bitcoin and bitcoin is more beneficial currency than any other currency of the world, the best feature of this currency is that you will get a larger amount of your salary from previous month with each passing month.

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