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Author Topic: Would you like to receive your salary in BTC?  (Read 49111 times)
boopy265420
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July 02, 2016, 11:22:02 AM
 #381

We need to see some stability because in current situation price of Bitcoin is vulnerable.I will not prefer to receive salary in Bitcoin until there is some consistency.What I see positive point is after halving many expectations and hype with uncertainties will come to an end.Price after halving when correction will be finished will be stable range.I am convinced of right prices to be real or constant.
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July 02, 2016, 11:55:26 AM
 #382

I am a bitcoin lover but it does not mean i want everything in bitcoins i never wants my salary in bitcoins , First of all its not a stable currency it value varies , Secondly I have to pay the fees when i exchange my bitcoins in my local currency , It is not so common in my country it is not even accepted on a single shop . 3 reason are enough for not to take salary in bitcoins .
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July 02, 2016, 12:08:17 PM
 #383

bitcoin completely  cannot be made as salary , because it fluctuates everyday , so better to make 10 or 20 percent as salary and rest 80 percent normal currency as no wants to loose money and if bitcoin price rises that is good and that can be gained via 20 percent what you have allotted Smiley
Bitcoin can if it can stand in it's own value and will not rely to international currency which is US Dollar. Soon we will see bitcoin standing on it's own and by that time I can expect people to pay bitcoin as salary.

But I like my salary in bitcoin even in this time as the price of bitcoin is expected to increase with each passing day, and when i will receive a specific amount of salary then it will be increased to more.

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July 02, 2016, 12:14:47 PM
 #384

bitcoin completely  cannot be made as salary , because it fluctuates everyday , so better to make 10 or 20 percent as salary and rest 80 percent normal currency as no wants to loose money and if bitcoin price rises that is good and that can be gained via 20 percent what you have allotted Smiley
Bitcoin can if it can stand in it's own value and will not rely to international currency which is US Dollar. Soon we will see bitcoin standing on it's own and by that time I can expect people to pay bitcoin as salary.
i think you are actually really right in my opinion, and bitcoin is going to be an independent currency pretty soon thus it will be a really good thing as its price is going to grow fast

i would definitely like to receive my salary in bitcoins because it would allow me to have way more money in an investment option what would be really cool as i like to receive bitcoins

 
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July 02, 2016, 03:28:11 PM
 #385

Only partially. At the moment, bitcoin is waaaaaaaayyyy too unstable to keep all my funds in. It's just too risky to keep all my income in bitcoin. That's like getting paid in gold
Actually being paid in bitcoins is a fascinating idea and actually you can buy from your fiat salary too bitcoins, so I would also prefer to get salary in fiat and then buy bitcoins accordingly.

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July 02, 2016, 04:05:22 PM
 #386

Taking into account the current volatility of bitcoin, it does not seem a good idea, my friend. It would be necessary a larger stability and wider adoption of this coin to consider this option as an attractive and interesting one.
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July 02, 2016, 04:17:39 PM
 #387

Taking into account the current volatility of bitcoin, it does not seem a good idea, my friend. It would be necessary a larger stability and wider adoption of this coin to consider this option as an attractive and interesting one.

I would accept a 50% payment  of ma salary but with bitcoin being so volatile getting all in bitcoin is very risk. Suppose i get my salary on a bad day, I would not be able to pay my bills.
Which would be devastating.

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July 02, 2016, 04:18:21 PM
 #388

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.
I haven't figured pout yet whether it is easy to turn BTC to my country's currency.. I guess it is better for me to have about 25% in BTC. The amount may become twice as big in a while (who knows).

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July 02, 2016, 04:27:03 PM
 #389

Certainly it won't be a problem for me instead it make easier for me to use for bitcoin transaction.
The problem is my goverment still not accept bitcoin so it will not happen on my country at the moment

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July 02, 2016, 08:50:53 PM
Last edit: July 05, 2016, 06:29:17 AM by CasioK
 #390

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.
honesty i wont, my salary is pretty important to me as it dictates my life pretty much, and i wouldnt like the risk of the bitcoin price volatility affecting my life. bitcoin is a great currency in the digital world and its fun and all. but i wouldnt convert all my future income into btc.
Hmm you were being honest there, seems very good but think do not you want to see a more relaxed retirement life ?
That can happen just if you start to save a 10 percent of your salary into bitcoins from at least now onward and you must use those bitcoins only after you retire. Smiley

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July 02, 2016, 10:46:25 PM
 #391

For me no because bitcoin is not fixed and don't have stable price (like what other said) so it's better to receive my salary in our local currency than bitcoin so i can decide how much i will put/invest on bitcoin and it also allow me manage my money like deposit the 25% for additional savings on my bank account. Roll Eyes

For me I'd like to get some amount in BTC, about 10-20% of income.
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July 03, 2016, 09:00:38 AM
 #392

Certainly it won't be a problem for me instead it make easier for me to use for bitcoin transaction.
The problem is my goverment still not accept bitcoin so it will not happen on my country at the moment
how can you say that it will not create problem for you. if you received your salary in bitcoin then how can you pay our children school fee in bitocin. either the school and the banks accept bitcoin ? certainly not. is it not a problem for you?
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July 03, 2016, 09:09:57 AM
 #393

this is a great idea but i am afraid it is not an idea to be doable now. maybe in the future there is a better time for it but that time is not now.

because right now there is not enough places that i can spend my bitcoin in so i would be stuck with bitcoin and would be forced to convert, also the rate is not at all fixed and that will create a lot of financial problems.

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July 03, 2016, 09:39:42 AM
 #394

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.

You can`t buy food with btc.You will have to convert it into cash.

This is a big problem,if you want to receive paychecks with btc. Grin

What if the btc price crashes with -50% during the day after you get paid.

Pretty depressing...

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July 03, 2016, 10:33:47 AM
 #395

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.
i am in the same boat just like you.
i dont think we have any facilities over here that support btc so i dont think its worth it at all :p. who knows. maybe in other countries its more worth it .
so true
all decisions should be considered with the surroundings.
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July 03, 2016, 10:51:12 AM
 #396

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.

You can`t buy food with btc.You will have to convert it into cash.

This is a big problem,if you want to receive paychecks with btc. Grin

What if the btc price crashes with -50% during the day after you get paid.

Pretty depressing...

Well, what if price increase with 50% during the day after you get paid. So it can be quite interesting also.  Grin
Of course we can buy food and other day to day items from bitcoins because local markets dont accept them. We can convert to Fiat before using them in real.

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July 03, 2016, 11:37:53 AM
 #397

Only partially. At the moment, bitcoin is waaaaaaaayyyy too unstable to keep all my funds in. It's just too risky to keep all my income in bitcoin. That's like getting paid in gold
Actually being paid in bitcoins is a fascinating idea and actually you can buy from your fiat salary too bitcoins, so I would also prefer to get salary in fiat and then buy bitcoins accordingly.

with your fiat if you will buy bitcoin then why not you directly accept bitcoin as your salary instead of fiat, as with that you will not need to pay the exchange fees for buying bitcoin, and if the price of your salary will be fixed in bitcoin then with  the rise of the value of bitcoin your salary will also be increased.
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July 03, 2016, 11:39:52 AM
 #398

Yag see some of my friends are already using bitcoin then I would agree if my salary is paid with bitcoin. may first be difficult to accept, but I'm sure sooner or later I certainly can adapt to bitcoin.

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July 03, 2016, 11:41:37 AM
 #399

Certainly it won't be a problem for me instead it make easier for me to use for bitcoin transaction.
The problem is my goverment still not accept bitcoin so it will not happen on my country at the moment
how can you say that it will not create problem for you. if you received your salary in bitcoin then how can you pay our children school fee in bitocin. either the school and the banks accept bitcoin ? certainly not. is it not a problem for you?
maybe it's become a problem, is sure there is a local exchange in their region. but it's become a big problem for people who it's very rarely to find a local exchange in their region. but there are many ways to avoid or fixed this problem.

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July 03, 2016, 11:56:28 AM
 #400

Certainly it won't be a problem for me instead it make easier for me to use for bitcoin transaction.
The problem is my goverment still not accept bitcoin so it will not happen on my country at the moment
how can you say that it will not create problem for you. if you received your salary in bitcoin then how can you pay our children school fee in bitocin. either the school and the banks accept bitcoin ? certainly not. is it not a problem for you?
maybe it's become a problem, is sure there is a local exchange in their region. but it's become a big problem for people who it's very rarely to find a local exchange in their region. but there are many ways to avoid or fixed this problem.

well, having to exchange bitcoin to fiat is an extra step that you will have to take if you receive your salary in bitcoin so because it is a necessary step and an extra step people don't usually tend to agree with receiving their salary in bitcoin. because it would become a pain in the ass.

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