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Author Topic: I did not understand something with the Bitcoin  (Read 3646 times)
johnnyyash
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November 05, 2016, 04:51:24 PM
 #61

well to me if it happen there is an decrease in btc,i will just have to wait untill the price comes up again and its stable, though i will not withdraw all of it, while there is an decrease in btc, but little i will... and reserve some while the price is stable again...
Mastsetad
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November 05, 2016, 05:03:43 PM
 #62

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?

Every coin has two sides, if the amount you get can decrease then it can increase too as well, so you should decide if you can take the risk or not, if you can take the risk then simply hold your coins and if you can't then just sell them immediately after getting them.
Mr.grin
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November 05, 2016, 05:10:11 PM
 #63

well, that is the risk of using bitcoin. Well, if you accept bitcoin and at that time the price goes up to the height, it also can make you become more profitable, and I'm sure your boss will not press it. Well, there is no business that could actually make a profit without excessive risk
BillyBobZorton
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November 05, 2016, 05:20:54 PM
 #64

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?

The risk is there, but you will not complain when the price of bitcoin skyrockets as the fiat currencies fall. It's an assumed risk you take. You can't expect stability in a revolutionary act.
Ya-ing
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November 05, 2016, 05:28:03 PM
 #65

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?

Certainly, to get paid that way is for people who want to assume the risk. Bitcoin is very likely to go up in the long term, so working for it is appealing if you do not really need the money that much and can keep it for the long term.

erikalui
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November 05, 2016, 05:31:24 PM
 #66

This risk (of getting paid in bitcoins and the price decreasing) is not that big if you manage to convert the same into fiat as soon as you receive the payment. Storing bitcoins would not be wise as then you are completely dependent on a rate but we have seen bitcoin prices falling by less than $200 in a day which makes it a very risky currency to use. Exchanging it would be the best option.

seven2smoke
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November 05, 2016, 05:34:55 PM
 #67

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?
You have a reason, Payment with bitcoin is risky
But it's like gambling, Maybe it grow up fastly and you win more, in other way it falls.
but you can save it until bitcoin increase more than when you are been paid.

You should get some risk.
veleten
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November 06, 2016, 02:38:16 PM
 #68

everithing you do in life carries some kind of a risk,bitcoin is nothing different
there is no guarantee that bitcoin price doesn't drop to 100$ tomorrow same as there is no guarantee that you
won't get hit by a giant meteorite while taking a shit somewhere in the fields
but you have to evaluate the risks and act accordingly

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gufpmvgw3334
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November 06, 2016, 02:48:35 PM
 #69

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 .
and any invest has risk!
densuj
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November 06, 2016, 02:58:55 PM
 #70

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 today get salary in bitcoin is high risk because of fluctuating of price and bitcoin is still new in the world although it is revolutionary and bitcoin's price is not stable. In my opinion wait until bitcoin's price is stable then use it for making salary in bitcoin.
lionheart78
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November 06, 2016, 03:05:29 PM
 #71

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?

First thing, we all know about bitcoin volatility before we accept a job that pay in bitcoin.  It is unusual to accept bitcoin as payment if you don't know about it.  So the fact that the possibility that bitcoin will decline in price is the things we are aware of.  But the beauty of bitcoin is that there is more chance that it will increase rather than decrease because of it getting popular each day and the fact that only some percentage of the world population is using it then the room for bitcoin to grow is very huge.

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jak3
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November 06, 2016, 03:32:21 PM
 #72

the only avalible chooice for everyone at this situation is waiting till the price can climb again like it was when he or she got payed but one thing more effects on this at currents is brokers or traders fees.its actully an way to loss the small part of money but nobody have any choice
tabas
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November 06, 2016, 03:44:01 PM
 #73

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 will just going to keep on holding if that happened and I don't have choice but to wait again for the right price to sell it. Because I am not going to be satisfied if the price of bitcoin will decrease from the exact price it used to be. We all know that bitcoin is risky because it is decentralized and doesn't have exact value at all.

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Carlsen
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November 06, 2016, 03:54:35 PM
 #74

the only avalible chooice for everyone at this situation is waiting till the price can climb again like it was when he or she got payed but one thing more effects on this at currents is brokers or traders fees.its actully an way to loss the small part of money but nobody have any choice

Of course there would always be the option to convert the bitcoins into fiat as soon as they arrive on your wallet.
The transfer time onto the wallet does not take very long, nore does converting it into fiat at an exchange.
That way you would be on the safe side, if you consider fiat to be the safe side.

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November 06, 2016, 03:56:49 PM
 #75

The fact that bitcoin's price fluctuates dramatically is something that we have to accept and live on with when we join this bitcoin world so if it goes down, all we can do is earn more and more bitcoin because it's easy to get a big amount of bitcoin when its price drops. And one more thing is that we need to patiently wait till it rise again then what we get will be high profit  Grin
CroIsBest
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November 06, 2016, 03:59:25 PM
 #76

I prefer to buy bitcoin now and sell it later when it become more popular and that is best strategy to earn a lot of money but only big money is good to put like that.
Boss CJ
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November 06, 2016, 04:10:07 PM
 #77

I prefer to buy bitcoin now and sell it later when it become more popular and that is best strategy to earn a lot of money but only big money is good to put like that.
Our thoughts are same, i'm thinking with that strategy also. Though, you really need capital but it is worth it when time comes.
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November 27, 2016, 04:45:45 PM
 #78

You just need to take Bitkoin when the price is rising. Cheesy
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November 27, 2016, 05:13:36 PM
 #79

Well, my power will still be confident on bitcoin, salary given to me anyway as what is promised in the beginning, because at this point I do not care about the price of bitcoin. trust bitcoin, that someday will be a tool bitcoin transactions that have the highest value in all grades transaction tool ever
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November 28, 2016, 12:59:24 AM
 #80

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 you should keep a little bit of money in fiat for this very reason otherwise you must just wait for the value to increase. Also check how well your local currency is doing , sometimes even if bitcoin went down in $ the $ could be stronger so you get more in your local currency. This is just a smaller margin though.
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