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Author Topic: Will you accept bitcoin as your salary?  (Read 183482 times)
Legasean
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September 13, 2016, 01:55:53 PM
 #1441

In Europe there is a hot new pertaining to a company whose going to introduce paying bitcoins to their employees. But given the instability of the bitcoins market value is it an advantage for the employees or an disadvantage. In my opinion this kind of payment for salary is not yet beneficial to employees not until bitcoins price has become stabled. Though if bitcoin will start to increase its monetary value it can be advantageuos but if not then it is a peril to the employees. So what do you think, what is your opinion on this matter?
I personally wouldn't mind my wages being paid in Bitcoin, since they'd be easily transactable and fairly liquid, and could be a good investment for whatever I wouldn't have to use immediately. I would maybe prefer for 3/4 of my wages to be paid in fiat and the remainder to be paid in Bitcoin, because that way I can be sure that I'll have money to over my expenses and still have a portion paid in Bitcoin.

Maybe if the employer offers some insurance against swings in the market, I can see something like this working.
I never want to accept bitcoins as my salary and that is just becuase i dont like to pay with the bitcoin i want money in my pockets and not otherwise sorry,
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September 13, 2016, 02:13:04 PM
 #1442

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
But if you consider the prices go higher levels then it might get you huge profit if you are saving them, then it must be good idea to get your salary to save some bitcoin with the intention of making huge profit in future. So, decide and get your salary in bitcoin.
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September 13, 2016, 02:16:44 PM
 #1443

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
But if you consider the prices go higher levels then it might get you huge profit if you are saving them, then it must be good idea to get your salary to save some bitcoin with the intention of making huge profit in future. So, decide and get your salary in bitcoin.
And what will you do if price goes the other way? I mean if it goes again to $200 or $300 level in future will you still prefer to accept salary in bitcoins? As anything is possible in future so be wise before taking any decision.
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September 13, 2016, 02:35:20 PM
 #1444

I wouldn't mind to get a part of my salary paid in Bitcoin, but still the majority in ordinary cash. It is still
easier to pay your mortgage, insurances, groceries etc with ordinary cash.

Same answer for me just a part of it in bitcoin. If i would be able to pay mortgage insurances etc in bitcoin then yes sure throw me all my salary in bitcoin cause I wouldn't have use for fiat. But sadly enough bitcoin is not big enough to live the dream and we will have to wait a little longer before we reach that point.
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September 13, 2016, 02:40:28 PM
 #1445

I won't accept it as a form of salary because it is really unstable at this time...... Smiley

But you will have to know that the instability is positive and in that situation no one will have to afraid from the instability, you will get much more value of your bitcoins in the future and you will have your salary with more amount
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September 13, 2016, 02:42:50 PM
 #1446

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
it is your perception that is commendable. one middle road is we get paid according to the rates when the price of bitcoin payments.
it will not hurt because we will have several options to get more money again.

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September 13, 2016, 02:43:45 PM
 #1447

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
But if you consider the prices go higher levels then it might get you huge profit if you are saving them, then it must be good idea to get your salary to save some bitcoin with the intention of making huge profit in future. So, decide and get your salary in bitcoin.

You are right but there are some people who want to get some money and want to spend them on exact that time at which they get them so in this case they will not accept bitcoin but if they will have their bitcoin debit card then they will be able to spend then instantly.
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September 13, 2016, 02:58:34 PM
 #1448

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.
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September 13, 2016, 03:00:31 PM
 #1449

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
it is your perception that is commendable. one middle road is we get paid according to the rates when the price of bitcoin payments.
it will not hurt because we will have several options to get more money again.
it will be very difficult. because each company was definitely not want a loss. when they buy bitcoin with high prices and the current employee's pay when the price is low. it would make employers think 2 times to give salary with bitcoin.
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September 13, 2016, 04:08:26 PM
 #1450

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
it is your perception that is commendable. one middle road is we get paid according to the rates when the price of bitcoin payments.
it will not hurt because we will have several options to get more money again.
it will be very difficult. because each company was definitely not want a loss. when they buy bitcoin with high prices and the current employee's pay when the price is low. it would make employers think 2 times to give salary with bitcoin.

Yeah neither it will be profitable for employers nor for the employees as price volatility will make it difficult for both the parties to get into bitcoins as if price falls in future then it will be loss to everyone.
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September 13, 2016, 04:23:11 PM
 #1451

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.
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September 13, 2016, 04:26:29 PM
 #1452

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.

That's true but what is the use of holding them for a  long time till it reaches to high point, as you will never sell them till the price goes higher and no one knows when exactly it will happen.
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September 13, 2016, 04:47:18 PM
 #1453

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.

That's true but what is the use of holding them for a  long time till it reaches to high point, as you will never sell them till the price goes higher and no one knows when exactly it will happen.

well, people holding their coins for a long period of time can have several reasons. the pure investment minded people keep holding till it reaches a certain price level to sell at. others purely use bitcoin as store of value tool to keep their holdings out the reach of governments and banks. and the price going up makes it an extra bonus for them.
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September 13, 2016, 04:53:30 PM
 #1454

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.

That's true but what is the use of holding them for a  long time till it reaches to high point, as you will never sell them till the price goes higher and no one knows when exactly it will happen.

well, people holding their coins for a long period of time can have several reasons. the pure investment minded people keep holding till it reaches a certain price level to sell at. others purely use bitcoin as store of value tool to keep their holdings out the reach of governments and banks. and the price going up makes it an extra bonus for them.

People can afford to hold them for a long term only if they have other source of income and bitcoin is pure investment for them but a person whose income is only from bitcoins will not prefer to hold it for long term as he needs money to run his life and take care of his family.
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September 13, 2016, 04:58:18 PM
 #1455

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
it is your perception that is commendable. one middle road is we get paid according to the rates when the price of bitcoin payments.
it will not hurt because we will have several options to get more money again.
Well, I think you're wrong. after you receive a salary with bitcoin, you can immediately sell it when the price was normal. If you receive a salary with bitcoin, then there will be advantages and disadvantages that should you face, the benefits, you can hold bitcoin it and make sure you sell when prices rise. it can make a lot of money, and the loss if you hold it when the price goes down, then the salary you get will go down. yeah, but it all depends on your choice. if I were you, I would accept it
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September 13, 2016, 05:16:00 PM
 #1456

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
it is your perception that is commendable. one middle road is we get paid according to the rates when the price of bitcoin payments.
it will not hurt because we will have several options to get more money again.
Well, I think you're wrong. after you receive a salary with bitcoin, you can immediately sell it when the price was normal. If you receive a salary with bitcoin, then there will be advantages and disadvantages that should you face, the benefits, you can hold bitcoin it and make sure you sell when prices rise. it can make a lot of money, and the loss if you hold it when the price goes down, then the salary you get will go down. yeah, but it all depends on your choice. if I were you, I would accept it

It will depend on the individual that how he views bitcoin, if he is comfortable in holding it for a long term then he can accept salary in bitcoins and if not then fiat will always be there.
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September 13, 2016, 05:21:04 PM
 #1457

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.

That's true but what is the use of holding them for a  long time till it reaches to high point, as you will never sell them till the price goes higher and no one knows when exactly it will happen.

well, people holding their coins for a long period of time can have several reasons. the pure investment minded people keep holding till it reaches a certain price level to sell at. others purely use bitcoin as store of value tool to keep their holdings out the reach of governments and banks. and the price going up makes it an extra bonus for them.

People can afford to hold them for a long term only if they have other source of income and bitcoin is pure investment for them but a person whose income is only from bitcoins will not prefer to hold it for long term as he needs money to run his life and take care of his family.
I think there is people who are earnigns here and spend it for his family to live because they dont have a day job.. but i think its hard to live in bitcoin if your source is isngature only.. so if you really want to live in bitcoin.. accept multple task online..



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September 13, 2016, 05:23:59 PM
 #1458

I won't accept it as a form of salary because it is really unstable at this time...... Smiley
Well we are not the same wanted so i think for me i want to accept bitcoin as my salary but they should relay in the present price before they send my salary.. so that i have time to hold and sell it in the right time..
but until now i am not satisfied in earning in bitcoin..

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September 13, 2016, 05:33:23 PM
 #1459

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.


Totally agree with you, guy.
All of crypto currencies have the advantage of being volatile, because you can earn some amount in this month and - If you can hold for a little - you are able to win more money only holding the coin.

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September 13, 2016, 05:37:49 PM
 #1460

At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.

you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit.

That's true but what is the use of holding them for a  long time till it reaches to high point, as you will never sell them till the price goes higher and no one knows when exactly it will happen.

well, people holding their coins for a long period of time can have several reasons. the pure investment minded people keep holding till it reaches a certain price level to sell at. others purely use bitcoin as store of value tool to keep their holdings out the reach of governments and banks. and the price going up makes it an extra bonus for them.

People can afford to hold them for a long term only if they have other source of income and bitcoin is pure investment for them but a person whose income is only from bitcoins will not prefer to hold it for long term as he needs money to run his life and take care of his family.

every bit of generated bitcoin should be seen as an extra revenue stream, and not as main income. that's very important to know. you should never fully depend on bitcoin unless you are earning big when you for example run a very profitable service or something.
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