I did not understand something with the Bitcoin

[ufaiz50]

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?

allcurrency have risk not only bitcoin , if the price of bitcoin decrease i'll waiting until price of bitcoin increase
You just need to understand and many do it

[Dudeperfect]

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?

allcurrency have risk not only bitcoin , if the price of bitcoin decrease i'll waiting until price of bitcoin increase
You just need to understand and many do it

Since bitcoin is still in evolution process, there is always risk associated with it. You should only invest the amount which you can afford to lose otherwise you can ask for payment in bitcoin (because it’s cheaper on international level as compared to wire) and then you can convert it to fiat currency. If you are keeping your money in bitcoin without any faith in it then it is none other than a pure gamble.

[n0ne]

Bitcoin is revolutionary and has unique Blockchain technology backing, getting paid with bitcoin is not found much just because of its volatile nature. Recently in an article read a group of around 100 farmers in Indonesia getting paid in terms of bitcoin for the ease of transaction and fee. But others who consider volatility as an issue can get a portion of the salary in terms of bitcoin. So that even volatility won't affect price variation on converting to fiat.

[Decoded]

I don't understand why you don't understand this simple matter. If your local currency's value were to depreciate, what would you do? Well, you can't do anything. Maybe work harder to regain your losses and try to sustain yourself.

This is why you dont get paid 100% in bitcoin. I only get paid in bitcoin for what I like doing, as a hobby.

[bamboylee]

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.

Right and I think none of us are already earning purely in bitcoin. So even if the price erratically move, we can just wait for it to go back up or at least at the right price. There is not much we can do about it. We just have to wait until the time when bitcoin is not fluctuating too much.

[Adbitco]

That's the problem with bitcoin that the prices aren't stable and too much volatile but I guess that's only until the bitcoin isn't established as a widely accepted currency once it becomes a widely accepted currency it would be a complete different scenario.

[stark101]

There's something i really dont understand something about bitcoin. If how bitcoin mining works?Except here in the forums, Is there any ways or sites on how to understand more about bitcoins?

Will you please share any ideas you have guys so that later or sooner i will understand deeply about bitcoin. Thank you

[BALIK]

There's something i really dont understand something about bitcoin. If how bitcoin mining works?Except here in the forums, Is there any ways or sites on how to understand more about bitcoins?

Will you please share any ideas you have guys so that later or sooner i will understand deeply about bitcoin. Thank you

If you like to mine bitcoin then I will say it's not profitable if your electricity is very expensive but if your electricity is not too expensive maybe you can mine bitcoin, there are many good hardware that you can use to mine but I think it's 1 year before you ROI it, here's some good guide about mining bitcoin; https://www.weusecoins.com/en/mining-guide/ https://www.bitcoinmining.com/getting-started/

[Xester]

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.

Yes being diverse in investment is the wisest thing and the safest thing to do. Keeping your eggs in one basket is risky since if its gone or the price deflate then you ended of losing. But if you have diverse storage you have in banks in fiat form and cryptocurrency in bitcoin form then if the bank gets bankrupt you still have bitcoins, if bitcoins price deflates you still have money in the bank.

[Dmitry.Vastov]

You know, thats a problem we are facing right now. Its very volatile. We cant control its price so if the value drops thats a loss. But bitcoins are good because it can recover so quickly and earn back what you have loss. Its just a matter of time before you earn some profit and its worth it because you can earn big amount if you reach the higher price. I dont get discouraged when the price drops because i know it will regain its normal price.

[btcdiggingmaster]

Simple answer is you have to wait because it won't take much long to increase price in bitcoin. Not only you many people are holding bitcoin to increase it's price.

[Przemax]

The problem with using bitcoin as a wage pay is that the wage is usualy to small to cover the expenses. So having it even smaller, by price of bitcoin falling down is a big of a deal. But if you would have a wage that is enough to keep some as savings, being paid in bitcoin is very good option, as it was proven that bitcoin is excelent form of savings.

[AlRubyx]

You know, thats a problem we are facing right now. Its very volatile. We cant control its price so if the value drops thats a loss. But bitcoins are good because it can recover so quickly and earn back what you have loss. Its just a matter of time before you earn some profit and its worth it because you can earn big amount if you reach the higher price. I dont get discouraged when the price drops because i know it will regain its normal price.

Get out of here scammer

[bitbunnny]

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.

I agree with you, you can never bee 100% secured. Fiat currencies can also colapse, big economic crysis could burst any time.
But if you have a regular job you can get paid in fiat and you can find another job or part time job that is paid in bitcoins, so you can combine currencies and not be entirely dependent on none of them.

[maydna]

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 bitcoin is available in many places in the world, so we can accepted bitcoin as our payment but for now, i think bitcoin is the other side money and still not using as payment for the jobs in real life.

but if somehow bitcoin is going to be our payment for the jobs and its decrease, i think i will sell it for the money and maybe i will save the money against bitcoin for this. but you know what, i think its need a time before we see bitcoin can be a payment for our jobs.

[kidoseagle0312]

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 I'm not gonna agree to pay me in my work  through bitcoin, it is not advisable for now. Though we knew Bitcoin is volatile like most people said here so meaning much better for us now to keep it and held it for a while until the price increase.

[error08]

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?

In Australia, the employees could choose whether receive their salaries in fiat or get paid in bitcoin. Well, I don't know exactly how it works, but there are some point of it and seems you could set how much amount of your next pay in bitcoin. The idea is you could use bitcoin or hold it as the value always increase but if the price suddenly drop in one night, it doesn't matter as you already divide your salary (received in fiat and bitcoin), just hold up and wait until the price recover again. There are plenty of reasons why get paid in bitcoin, you can check at getpaidinbitcoin.com.au

[pinkpanther03]

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 wanna know about in bitcoin, you must be observant in this forum or you can proceed or may ask in the member here about the thing that you wanna know. Just feel free to ask only. Just simple, bitcoin is the future money of all countries. That's it!

[stark101]

There's something i really dont understand something about bitcoin. If how bitcoin mining works?Except here in the forums, Is there any ways or sites on how to understand more about bitcoins?

Will you please share any ideas you have guys so that later or sooner i will understand deeply about bitcoin. Thank you

If you like to mine bitcoin then I will say it's not profitable if your electricity is very expensive but if your electricity is not too expensive maybe you can mine bitcoin, there are many good hardware that you can use to mine but I think it's 1 year before you ROI it, here's some good guide about mining bitcoin; https://www.weusecoins.com/en/mining-guide/ https://www.bitcoinmining.com/getting-started/

So maybe i would not prefer for mining. As you said, it is not profitable so better i will do, is to look any other activities that can gain more profit. Because i know, using bitcoins is very risky everything is risky.  But anyways, thank you that you share your ideas to me. I really appreciate it. Maybe the time goes by, i can find some activities that is worth my bitcoins.

[tee-rex]

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?

In Australia, the employees could choose whether receive their salaries in fiat or get paid in bitcoin. Well, I don't know exactly how it works, but there are some point of it and seems you could set how much amount of your next pay in bitcoin. The idea is you could use bitcoin or hold it as the value always increase but if the price suddenly drop in one night, it doesn't matter as you already divide your salary (received in fiat and bitcoin), just hold up and wait until the price recover again. There are plenty of reasons why get paid in bitcoin, you can check at getpaidinbitcoin.com.au

Obviously, there is no such law in Australia that would oblige local employers to ask their employees which part of the wages they would like to accept in bitcoins. It must be an initiative of a few employers acting on their own, or, maybe, just one such employer. In any case, could you expand more on that if you know the specifics?