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Author Topic: Will you accept bitcoin as your salary?  (Read 183483 times)
bamboylee
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August 23, 2016, 03:49:22 AM
 #981

We are not the same but for me i want to receive my salary as bitcoin if if we are always relay in the present price of bitcoin..
Also after i receive bitcoin i can convert it fast in fiat here in my country..

Yeah, I guess it does not matter if the price of bitcoin stable. But what if you lost quickly with the movement of bitcoin prices continue to fall when you are already receiving a salary. And although it was only a few dollars but harm, right? I think bitcoin is not ready if used as the pay system for employees.

That is the risk you have to take if you want to receive bitcoin as salary. And what about if the price suddenly surges up? Then it would be very beneficial right? So the risk of the price dropping is nullified by the fact that bitcoin can also have a very high price in the future.
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August 23, 2016, 03:50:44 AM
 #982

It is not applicable that bitcoin would be the form of salary using by the company because of the fluctuation of the price that is not good in both parties. We can pretend that we like to received our salary in terms of bitcoin because we only consider the current price of bitcoin.
Exactly ,that's the one of the reason also the excitement to recieve salary into bitcoins but the way of its fluctuation it is not good because as a reciever of salary you also work for it to take the right timing when to sell or convert the money.a hassle also.


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Noctis Connor
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August 23, 2016, 03:51:31 AM
 #983

I will accept my salary through bitcoin if that happen because in BTC, there is a chance that the value of that can grow higher. in that case my salary can grow higher too and i can have my investments through BTC and can trade also. in BTC, anything is posible and for me, it would be easier to have BTC than money.
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August 23, 2016, 03:59:15 AM
 #984

I see some people who say they will not accept bitcoin as a form of payment for their job, but I do not understand why.  You get paid in one form or another.  All you have to do is transfer your bitcoin to the bank account if you do not like to use Bitcoin.

because it is very time consuming. first accept bitcoin as salary and then again convert it to fiat money to spend. does it make any sense?
that's why most people do not like to get paid in bitcoin because bitcoin is not in used publically.
only people like me could want to accept bitcoin as payment because our all buy/shop and work depend on the web.
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August 23, 2016, 04:03:00 AM
 #985

I would probably accept it IF it is somehow above the market rate and I don't have much bills to pay. The reality is that bitcoin is too volatile to be a form of salary but some other people would gladly accept it if they don't really need to convert to cash very often.



Well here in my country good thing that even I don't want or I want to accept bitcoin as my salary. Still there is an exchange site you can use directly your bitcoins in able to pay your bills for real. Like utility bills, electricity bills and as well as internet bills. Well even though we are still depending with fiat but that is also a good thing though.

We also have an exchange that operates the way customers want it to be. Just send them the coins and with just 30 minutes or less, you'll get your cash, that easy. If you don't need to change cash very often, I suggest you keep the bitcoins as is, because it has a tendency to appreciate in price in a span of months.
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August 23, 2016, 04:22:43 AM
 #986

I see some people who say they will not accept bitcoin as a form of payment for their job, but I do not understand why.  You get paid in one form or another.  All you have to do is transfer your bitcoin to the bank account if you do not like to use Bitcoin.

because it is very time consuming. first accept bitcoin as salary and then again convert it to fiat money to spend. does it make any sense?
that's why most people do not like to get paid in bitcoin because bitcoin is not in used publically.
only people like me could want to accept bitcoin as payment because our all buy/shop and work depend on the web.


Yes it would be too time consuming and complicated. But maybe for some users who often use bitcoin to shop in a physical store that accepts bitcoin I think they would be willing to accept a salary in the form of bitcoin. But because in my country the scarcity store like that, then receive a salary in the form of bitcoin I do not think so.

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August 23, 2016, 04:31:15 AM
 #987

I see some people who say they will not accept bitcoin as a form of payment for their job, but I do not understand why.  You get paid in one form or another.  All you have to do is transfer your bitcoin to the bank account if you do not like to use Bitcoin.
Sometimes without touching their salary into bitcoin form, you can see your salary is decrease for automatically, and that is can make the people is rejecting to accepting bitcoin into payment form.

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August 23, 2016, 05:19:55 AM
 #988

I see some people who say they will not accept bitcoin as a form of payment for their job, but I do not understand why.  You get paid in one form or another.  All you have to do is transfer your bitcoin to the bank account if you do not like to use Bitcoin.
Sometimes without touching their salary into bitcoin form, you can see your salary is decrease for automatically, and that is can make the people is rejecting to accepting bitcoin into payment form.

Aside from the price that might change from time to time, the inconvenience too, changing from dollar to bitcoin and then back to dollar since you can't use your bitcoin as it is when you want to buy something on the store now... It would take long years before you can use your bitcoin as it is without converting it to fiat...  Smiley
It doesn't matter if we will wait as long as we can see it will be realize in the future, bitcoin nowadays are already popular and it is already globally used  in online transaction, with  the increasing number of adopters we can see some major improvement in the future and we might accept a salary thru bitcoin in the future.

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August 23, 2016, 05:47:55 AM
 #989

I will accept my salary through bitcoin if that happen because in BTC, there is a chance that the value of that can grow higher. in that case my salary can grow higher too and i can have my investments through BTC and can trade also. in BTC, anything is posible and for me, it would be easier to have BTC than money.
But you do not consider if the price of bitcoin would goes down i think you will hate to received salary thru bitcoin because you can not received the actual amount of your salary due to lower value of bitcoin. Much better to invest after you received your salary in fiat to bitcoin.
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August 23, 2016, 05:48:39 AM
 #990

I feed my family with my salary and if my boss paid me with bitcoin then I need to convert it to my local currency first before I can use it since there is no offline store that accept bitcoin as a payment in my area. So, I wont accept bitcoin as my salary nowadays. Idk in the future...just wait and see!

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August 23, 2016, 05:54:48 AM
 #991

I feed my family with my salary and if my boss paid me with bitcoin then I need to convert it to my local currency first before I can use it since there is no offline store that accept bitcoin as a payment in my area. So, I wont accept bitcoin as my salary nowadays. Idk in the future...just wait and see!
That's quite unfortunate. Don't you have any credit card or an ATM card? You can easily convert your bitcoins into your local currency if you do have one. Otherwise, you should check if the wallet that you're using supports a cardless withdrawal. In my country, the Philippines, you can withdraw your bitcoin directly from the ATM machine. There's only a certain bank company though where you can withdraw it.

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August 23, 2016, 09:52:43 AM
 #992

I would accept it and very much welcome it as a way to increase the availability and options to get bitcoin "now I have to spend effort to find exchanges to it", of course it needs to be more usable than now "can buy things with it offline".
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August 23, 2016, 10:42:04 AM
 #993

I would accept it and very much welcome it as a way to increase the availability and options to get bitcoin "now I have to spend effort to find exchanges to it", of course it needs to be more usable than now "can buy things with it offline".

Yes and if everything will just be used thru online then what if you really need it. That is why there is need to be studied first before going to a conclusion of using bitcoin as a means of payment for salary.
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August 23, 2016, 10:48:49 AM
 #994

Total earning of mine won't be accepted in terms of bitcoin. Usually a small part of my monthly earning is spend upon buying bitcoin, so a small percentage can be accepted in terms of bitcoin. Also such acceptance won't much affect the financial management even when the price increases or decreases.

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August 23, 2016, 01:05:52 PM
 #995

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

What about if you could get a small part of your salary in Bitcoin?
There is a company called PEY in Hannover Germany who offers such service.
And I know a few guys who are using it to receive a small part of their monthly income in BTC.

yeah agree I think you do not need to use a third party because I'm sure it will spend considerable money for a fee. you'd better accept fiat salaries in their entirety and you can use it for anything such as converting it into a bitcoin? I thought it would be safer and cheaper course

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August 23, 2016, 01:55:58 PM
 #996

I will accept bitcoin as 20% of my salary.

I will hold or save the 10% for the long term and use the 10% to help the circulation.
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August 23, 2016, 03:22:55 PM
 #997

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

What about if you could get a small part of your salary in Bitcoin?
There is a company called PEY in Hannover Germany who offers such service.
And I know a few guys who are using it to receive a small part of their monthly income in BTC.

I think it's a good idea to use a portion of your salary to be transferred in bitcoin? perhaps 10% -30% of your salary can be converted directly into bitcoin uses a third party. but I think it is a third party provides a large fee for their services?
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August 23, 2016, 03:27:02 PM
 #998

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

What about if you could get a small part of your salary in Bitcoin?
There is a company called PEY in Hannover Germany who offers such service.
And I know a few guys who are using it to receive a small part of their monthly income in BTC.

I think it's a good idea to use a portion of your salary to be transferred in bitcoin? perhaps 10% -30% of your salary can be converted directly into bitcoin uses a third party. but I think it is a third party provides a large fee for their services?


True, it is a very good thing to do. because that way you can have a savings or deposits for the future or for a period of time the bitcoin rising high. This gives the effect of a pretty good fella, you could get a salary of 2 x fold of your actual salary.
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August 23, 2016, 03:40:58 PM
 #999

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

What about if you could get a small part of your salary in Bitcoin?
There is a company called PEY in Hannover Germany who offers such service.
And I know a few guys who are using it to receive a small part of their monthly income in BTC.

yeah agree I think you do not need to use a third party because I'm sure it will spend considerable money for a fee. you'd better accept fiat salaries in their entirety and you can use it for anything such as converting it into a bitcoin? I thought it would be safer and cheaper course



I do not think I want a third party holding my salary. If I can't have it from my employer paying me half bitcoin, half fiat, i'll accept it in fiat. I will be the one to buy the bitcoin from my salary if I want to invest in bitcoin. That way I can control what price I will buy bitcoin and no one else handling my salary but me.
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August 23, 2016, 04:00:47 PM
 #1000

There is no problem receiving monthly salary in btc IMO and for my use. The employer's should be flexible enough to control the constant fluctuation though. Also that won't happen unless BTC goes mainstream so there wouldn't even be a need for exchanges.
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