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peta4e
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October 15, 2016, 04:29:51 PM |
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Not yet, because the fees are too big to convert, and until we see supermarkets accepting it as payment, it will be hard to live on it.
But later i would definitely. I am looking forward for a Bitcoin world.
Yes we can think of it in future when bitcoin will be widely accepted and as of now its not smart decision to accept salary in bitcoin as every time we need to convert it to fiat and even price is not stable. |
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RealBitcoin
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October 15, 2016, 04:36:12 PM |
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Not yet, because the fees are too big to convert, and until we see supermarkets accepting it as payment, it will be hard to live on it.
But later i would definitely. I am looking forward for a Bitcoin world.
Yes we can think of it in future when bitcoin will be widely accepted and as of now its not smart decision to accept salary in bitcoin as every time we need to convert it to fiat and even price is not stable. I think Supermarkets could accept BTC anytime now. They are probably awaiting for a green light from governments, so yea, its all on the government unfortunately. But later on we might see bitcoin a real alternative currency. When that day comes, I would definitely opt-in for a bitcoin salary. |
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manyute
Member
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Activity: 76
Merit: 10
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October 15, 2016, 05:43:43 PM |
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the question is why would you not accept Bitcoin as your salary? It is the same ass taking cash in your local currency, it is just in another form. It would be like taking gold or silver instead of receiving USD for me.
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kevinrio
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Activity: 88
Merit: 10
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October 15, 2016, 09:30:01 PM |
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I would happily accept my salary as bitcoins but there is a little problem, I earn just enough and if I will even take BTC I will have to sell them to buy daily needs.
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Achargeturry78
Sr. Member
Offline
Activity: 630
Merit: 267
Just follow the rules
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October 16, 2016, 02:55:29 AM |
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I would happily accept my salary as bitcoins but there is a little problem, I earn just enough and if I will even take BTC I will have to sell them to buy daily needs.
If doing in our business company here in the philippines. I just want the government will give as atm card via bitcoin in your bitcoin wallet so that we can use it anytime we go around just the salary of works via debit card which company has to pay. After all it is more profitable because bitcoin is unstable value of currency. |
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ice098
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October 16, 2016, 03:01:19 AM |
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It would be good if bitcoin price is high after I get the salary then it would be nice to have a salary by bitcoin but its still risky to receive bitcoin at this state because of unstable price and volatility since it might impact the overall value if the price falls specially, Also you can't buy food with BTC...
of course it will make a difference in price. we may earn more or less than before. bitcoin price movements will certainly make every company issued a budget for one's salary. This needs to be considered more seriously. People are not willing to accept their salary in bitcoins only because price will never be stable, one month you may earn double of your salary and in next month it can be below the level which can be really risky. sometime i do not think that bitcoin will be drop its price because a huge number of people are buying bitcoin in huge amount day by day and increasing its too much faster so don"t worry bitcoin will be no more risky because bitcoin is very stronger currency. Well as of now and lets hope that bitcoin will stay and will be more stronger in the future that it will have no chance that it will die. Though we cant predict our future the future of bitcoin so there is possibilities that it will die because of the demand of it and also the market of it but lets hope that it will not. |
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Harlot
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October 16, 2016, 03:14:37 AM |
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Not yet, because the fees are too big to convert, and until we see supermarkets accepting it as payment, it will be hard to live on it.
But later i would definitely. I am looking forward for a Bitcoin world.
Are you using currency exchange to convert your bitcoin to Fiat? Than you will really experienced big fees, but I am currently using a 2 in 1 Bitcoin wallet where I can switch my Bitcoin equal to its Peso Value (The local currency of my country) for free. I can even directly withdraw my bitcoin to my bank account and the wallet will be the one who will convert my Bitcoins. |
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SparkedDev
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October 16, 2016, 03:51:36 AM |
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Oh yeah for sure the taxes are much lower.
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reginalkri
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October 16, 2016, 04:41:18 AM |
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Not at the moment. I just think it would be too complicated with the taxes, etc.
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reginalkri
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October 16, 2016, 04:41:44 AM |
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Oh yeah for sure the taxes are much lower.
You will still have to report your taxes. |
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SparkedDev
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October 16, 2016, 04:43:55 AM |
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Oh yeah for sure the taxes are much lower.
You will still have to report your taxes. Only if you cash out there is many loop holes right now with btc and wages. |
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reginalkri
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October 16, 2016, 06:51:16 AM |
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Oh yeah for sure the taxes are much lower.
You will still have to report your taxes. Only if you cash out there is many loop holes right now with btc and wages. But if your employee has a record that you're working for them. Can't the IRS find out if you get audited? |
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moonya
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October 16, 2016, 03:36:04 PM |
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If the employer will pay with bitcoin and the normal exchange rate, it is possible and to be paid in bitcoin. Although still have to change to paper.
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ovvidiy
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October 16, 2016, 04:00:26 PM |
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If the employer will pay with bitcoin and the normal exchange rate, it is possible and to be paid in bitcoin. Although still have to change to paper.
In this case, there is no point getting bitcoin. There will be big losses on interest and withdraw money when cashing. |
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eduaro66
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October 16, 2016, 04:14:47 PM |
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If the employer will pay with bitcoin and the normal exchange rate, it is possible and to be paid in bitcoin. Although still have to change to paper.
In this case, there is no point getting bitcoin. There will be big losses on interest and withdraw money when cashing. I was more interested in dpugoe - such as the mark of salary in the official documents. How to pay tax. But personally, I would be very happy if I paid in Bitcoin |
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Malsetid
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October 16, 2016, 04:22:15 PM |
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If the employer will pay with bitcoin and the normal exchange rate, it is possible and to be paid in bitcoin. Although still have to change to paper.
In this case, there is no point getting bitcoin. There will be big losses on interest and withdraw money when cashing. I was more interested in dpugoe - such as the mark of salary in the official documents. How to pay tax. But personally, I would be very happy if I paid in Bitcoin it really would depend. because here in my country bitcoin is still not recognized so if I get bitcoin for my salary I would have to exchange it first and pay transaction fees before I could use it so that cuts off a bit from what I've earned. it would be nice though if bitcoin is already widely recognized and used |
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bandarfjb
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October 16, 2016, 04:28:56 PM |
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Not yet, because the fees are too big to convert, and until we see supermarkets accepting it as payment, it will be hard to live on it.
But later i would definitely. I am looking forward for a Bitcoin world.
Normally when offline store accept Bitcoin, the conversion fee quite high due to the volatility of Bitcoin/Fiat exchange rate. Maybe in several year ahead, some store in certain countries will start accept Bitcoin as payment. They must gain benefit from Bitcoin as payment, maybe like no charge fees like Credit Card. Offline store usually charged about 0-3% transaction fee that made using Credit Cards. Bitcoin can win in this situation. |
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lootz
Legendary
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Activity: 806
Merit: 1000
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October 16, 2016, 05:14:11 PM |
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accepting bitcoin for my salary is way too much risky i can not take that much risk just for a little profit but if i go for trading with bitcoin the it can be much profitable than this
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bitcoin21
Newbie
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Activity: 31
Merit: 0
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October 16, 2016, 06:12:17 PM |
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At the current state of Bitcoin, I would not accept my complete salary in Bitcoin. But I would accept 10 or 15%. When Bitcoin is settled down in mainstream then I would also accept 100%.
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Lorik
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October 19, 2016, 05:58:26 PM |
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At the current state of Bitcoin, I would not accept my complete salary in Bitcoin. But I would accept 10 or 15%. When Bitcoin is settled down in mainstream then I would also accept 100%.
I have such a small salary, if it translated into bitcoin, then there is nothing left at all. |
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