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Woshib (OP)
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June 14, 2016, 11:10:32 PM
 #1

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
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June 14, 2016, 11:14:03 PM
 #2

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
I think it's now a big problem because bitcoin is different with fiat currency, it's easy to go up and down. maybe I prefer to collect it until price will going up.  Grin

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June 14, 2016, 11:19:50 PM
 #3

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

bitcoin prices are very volatile, so it is normal. when the price falls and I have held bitcoin. I may have to wait more patiently for the price to rise back

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June 14, 2016, 11:23:14 PM
 #4

wait for the price to increase... and surpass whatever price you got the bitcoins at.

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June 14, 2016, 11:24:07 PM
 #5

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
I think it's now a big problem because bitcoin is different with fiat currency, it's easy to go up and down. maybe I prefer to collect it until price will going up.  Grin
It's worth to try if you talking about receiving salary in bitcoin, it's risky but it could make you get many advantages. You just need to analyze when the price would go down just sell it and wait for the right time to buy it back. If you just hold it at current high price then yeah you would lost your salary value.

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June 14, 2016, 11:35:16 PM
 #6

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

Getting paid in bitcoin is risky because the price of bitcoin isn't stable, it is risky but you can get also profit, so if you were paid last month in bitcoin then this month you can see that you made profit doing nothing as the bitcoin price has been increased for $200. It's pretty same as getting paid on gold but the price changes often.
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June 14, 2016, 11:38:05 PM
 #7

So I'm going to say something that hasn't been mentioned yet; if you believe in bitcoin enough to be paid with it, either you're someone who looks at bitcoin as a currency and doesn't constantly compare it to fiat or you're a hodler. Hopefully it's the first.
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June 14, 2016, 11:49:58 PM
 #8

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
Maybe, if bitcoin gets halving and at the same time we get paid in BTC the main this must we take is holding your btc. and wait until the price is rising don't be a panic selling on yourself.

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June 15, 2016, 12:17:06 AM
 #9

In that regard Bitcoin is no different than any other currency. For example if you are paid in Euro but live in the US the same problem might arise, because the currency you use for your daily purchases is the USD. The exchange rates of currencies fluctuate. That's actually quite easy to understand.

Your problem can only be resolved by eliminating any conversion and fiat valuation process in regard to Bitcoin. That will only happen when bitcoin becomes a dominant currency for payments, with all prices quoted only in BTC without any fiat reference. In the meantime it's worth to take the risk if you are lucky to be paid in BTC and have some fiat saved up for a rainy day just in case. Bitcoin's buying power is much more likely to increase than decrease in the long term, because Bitcoin's overall supply is limited and it is not subject to the destructive policy of central banks.

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June 15, 2016, 12:26:11 AM
Last edit: June 16, 2016, 06:18:50 AM by QuestionAuthority
 #10

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

What would you do? Well, that's easy to explain.

You would lose a bunch of money from your paycheck. If the loss was bad enough you might not be able to pay all your bills.

What is your opinion on that?

You'd have to have shit for brains to get paid in only bitcoins unless you don't really need the money.  I wonder what the percentage of people that just work for fun is?

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June 15, 2016, 12:36:35 AM
 #11

But the real question is, why wouldn't you convert your wages to fiat instantly? Why wouldn't your employer check the valuation of bitcoin to usd,  before paying you?

I personally wouldn't accept any constant amount of btc,  as a wage.

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June 15, 2016, 12:39:47 AM
 #12

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

Hmm i think when the price of bitcoin decreases my payment also will adjust from it. I mean the payment rate also will increase . Usually the payment is amount of dollars in bitcoin. So i don't worry when bitcoin prices is goes down.
But it will be better when that prices always up Smiley

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June 15, 2016, 12:53:16 AM
 #13

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
For me they are just relaying in the present price of bitcoin if you receive you can convert it into usd if you really dont what to take a risk.. but for me its better to holding it because bitcoin has a potencial to grow faster we already tested it because these week we already seen the price from 500 value to 600 and 600 value to 700.. this is because of block halving and bitcoins is in demand in chinese market..
So we are making a profits already.. and i think it will increase more after block halving.
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June 15, 2016, 03:29:13 AM
 #14

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?
I think it's now a big problem because bitcoin is different with fiat currency, it's easy to go up and down. maybe I prefer to collect it until price will going up.  Grin

Bitcoin is just like life, sometimes it fall, sometimes it rise. If the bitcoin falls down, then, there is also a time for rising. You just need to wait. Smiley
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June 15, 2016, 04:10:38 AM
 #15

well users of bitcoin know whats happening after all its btc doesnt have a stable value . its your choice weather to sell it or not but remember that patience is a virtue .

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June 15, 2016, 04:24:23 AM
 #16

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

If you are concerned about volatility and wish not to speculate, you can exchange the bitcoin for fiat. Just remember to never risk any more in fiat than you are willing to lose.

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June 15, 2016, 04:28:57 AM
 #17

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

Well if you open history books you will see something called "inflation" and there you will see what happen in some country when that happen. Its nothing new, its risk we all take everyday. In some countries its normal thing, living in fear that tomorrow you money will not worth enough to buy bread. Maybe its sounds scary, but its true. Check around google for that, don't use internet just for fun. Learn something and then try to start some conversation about it.

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June 15, 2016, 05:54:42 AM
 #18

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

yes of course would be a loss not if there is such a thing, then I think bitcoin can not be a tool for someone's payroll. And if they do it to happen to me, of course I do not want to be paid with bitcoin. sometimes the old ways better with fiat money. Thank you
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June 15, 2016, 06:27:26 AM
 #19

Bitcoin is revolutionary, but get paid for his work in Bitcoin is not a bit risky?
If the price of Bitcoin decrease, and you have already been paid in Bitcoin, what will you do?
What is your opinion on that?

I wouldn`t do anything.I would just wait for the price to do up again.

If you are too afraid of price decrease,just trade your btc for USD after you get them.

If you know what you are doing,the risk is small...

 

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June 15, 2016, 06:38:59 AM
 #20

Nothing is 100% safe and everything has some risk,even fiat money system can collapse in a few years from now and the dollars you own will have zero value.
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