Should I exchange one BTC for one month of labor?

[geopolisch]

It might be worth it for some people. It's a huge decision. For others, not so much.

Only invest as much as you can afford to lose.

Most people go to the mistake of putting all their saving into bitcoin thinking that they are going to become rich of it because bitcoin is a sure thing but quite the opposite, the bitcoin involves a lot of risks and if you don’t play it smart and pick the right time to buy or to sell you could end up losing a lot of money.

Still, buying bitcoins with one month's full salary once per years is the thing I also have done twice since 2013. But it will be purely up to the level how much we afford for spending.

[Zadicar]

If i were you i would accept it as a form of payment to may hardwork from my job since we do all know bitcoins price does increase in future or longer runs which means our salary would potentially go even higher unlike on recieving fiat it would still remain unlike on bitcoin but still the risk of lossing part of your money would be still there.If you cant accept the risk then stick to local fiat.

[qiwoman2]

I think it's a good idea, why not? I don't have a regular job where I would earn fiat currency. Any income I earn now is through bitcoin related projects, investments or other digital currencies. It's the panacea for the jobless as well as those in regular jobs.   

[raven7886]

buying bitcoins with one month's full salary once per years is the thing I also have done twice since 2013. But it will be purely up to the level how much we afford for spending.

How you are affording to buy bitcoins with one full month's salary, I just wonder it will be possible for me only if my signature campaign pays me some surprise bonuses. But there will be no big issues when you are still affording to do so with your other savings.

I just see these all as how much faith people are having with bitcoin and its future, really motivating me. Just get into some plans to buy more bitcoins with my few available resources.

[CoinFoxs]

I think it's totally up to you, you don't need others suggestion because if you feel that the price of bitcoin is good or high than your monthly income from labor then go for it and if you think that you can make more money than one btc then do work hard and make more money in yuan.

[vantyzz]

If you get to exchange 1 bitcoin every month and this does not cause you any inconvenience, then you have a good income. I would also like to earn this way. I am confident that this is the right investment

[doomistake]

At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.

http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor

Bitcoins price is always fluctuating, even though the SEC didn't approve that bitcoin ETF causing its price to decrease again, but right now, it is on its way on increasing again. So, investing your money in bitcoin is not a bad idea after all, because you are going to make profits here in the long run, though, my suggestion is not invest all of your one month labor for it because you are going to need fiat in your daily expenses.

Just half of it will do, or 3/4 of it, just not the whole salary that you are going to get in one month, because it is hard to invest it all while you don't have anything left in you to buy foods and stuffs that you need in order to feed yourself, or your own family if you have one.

[Ron~Popeil]

If you get to exchange 1 bitcoin every month and this does not cause you any inconvenience, then you have a good income. I would also like to earn this way. I am confident that this is the right investment

Yes that's income cum investment as you get salary in the form of bitcoin and on the other end the value of bitcoin keeps increases with little dip occasionally and i am sure that the value of bitcoin will be around 2000 USD by the end of 2019 or mid of 2019 as per my prediction based on my research so if you earn 12 bitcoin for a year as salary and now the value of btc is around 1100 approx and by 2020 it would have crossed 2000 USD which will leave you with a profit of almost 5000 - 1000 USD without any investment or hardwork.

[ivanst776]

At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.

http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor

It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.

If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me

The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.

[xuan87]

I think exchange all of your salary into bitcoin is not a good idea, and then with bitcoin you still won't be able to buy all your daily needs, so you can only hold your coin into investment, so only exchange the part where you want to keep it as investment and then we still don't know what could happened with bitcoin don't put all of your saving into bitcoin

[countryfree]

I'd be happy to be paid with BTC. I've already asked for it, but the people I'm working with can't do it. It would just take some organization, with a monthly exchange of a part of my income into cash. Maybe in a few years...

[ivanst776]

I'd be happy to be paid with BTC. I've already asked for it, but the people I'm working with can't do it. It would just take some organization, with a monthly exchange of a part of my income into cash. Maybe in a few years...

You still have the opportunity to buy bitcoins with the money you receive in fiat or in other forms so don't get disappointed.

If we have large monthly expenses then it would not be efficient to be paid in bitcoin as we have to exchange them in fiat or making online payments through third party services like plastic or virtual bitcoin debit cards.

Whatever happens, even if the bitcoin price reaches the moon, I can't exchange 100% of my income in bitcoin unless I have a large reserve in cash or in local bank.

[hl5460]

At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.

http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor

It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.

If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me

The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.

Do you think it's good idea to buy and hold on a monthly basis? like 1000 yuan a month?

[Money Maker Shaker]

At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.

http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor

It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.

If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me

The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.

Do you think it's good idea to buy and hold on a monthly basis? like 1000 yuan a month?

if you are making $2000 yuan a month and your expenses are not more than 1000 yuan a month then yes it is an excellent idea to buy and hold bitcoin with that excess amount each month.

although i'd suggest buying with 80% of the excess amount to be safer.

[Yanisumin]

You should consider your life status, if you are single and don't have someone to support(e.g. wife or kids) and you have enough salary for a one BTC and an extra money to supply needs for one month, it is okie to exchange it. But if the risk is that you will have an insufficient amount of money for a month, you should reconsider.
A:50/50; 50% for BTC and 50% for the allowance in one month is a good choice tho'.

[pooya87]

At its current price, 8000 yuan a coin is more than one month salary of a Chinese.
A sequence of number would cost me 22 days of working, that's a big decision to make.

http://news.8btc.com/op-ed-should-i-exchange-one-btc-for-one-month-of-labor

It's based on your needs, I wouldn't go for that don't know why, I hate exchanging bitcoins for anything else as I want to just hold them.

If you think you can afford it then go for it but try with a smaller amount, don't go 100% because it is too risky and if the price crashed then it could hurt you, believe me

The best scenario is when the price will be increased and you compare your salary is now 1.1x 1.2x of what you have invested when the price was cheaper.

Do you think it's good idea to buy and hold on a monthly basis? like 1000 yuan a month?

it is hard to answer these things with just numbers, you should consider this in a percentage basis. for example you make some amount in total each month. lets call that 100%.
out of this amount you spend 70% of life utilities, and you are left with 30%.
from that amount you can invest either all of it or smaller portions. i do something like 20% investment and 10% goes into my bank so i can have access to cash directly without needing to liquidate my assets.

[Xester]

Exchanging your bitcoin for a months labor is not a bad idea. Well many sites like sites that offers signature campaigns gives bitcoins as form of salary to the typist who applied under them. But if you are not comfortable with it then just pay them with your local fiat currency. You dont need to be troubled with such simple matters. After all if you keep your bitcoins you will earn more profit later and so its much better to pay them in fiat currency.

[joshy23]

I would say go try half of your bitcoin change to your fiat because we all know we have to everyone of us need to pay or buy something like food and bills to pay. But the only issue here I'm seeing is the unstable price of bitcoin maybe you can lose a few bucks here and there if you chance if right away then the next day the price rises. Losing a few bucks is already big for some people, but I guess the decision will likely depend on the current market price, it you think its high enough for your, then convert it to fiat, otherwise hold it.

[ilovefeetsmell]

I will go for it. I will exchange my labor into bitcoin. It is the same process of paying your work per day or per hour. It is profitable to pay you one btc a month. It is okay for me to do it.

[NorrisK]

It is too much of a hassle imo to recieve your salary in bitcoin. It is not easy to use them daily and to pay your bills.

Ultimately, you are going to be better of by receiving your salary in fiat, doing your expenses and using the leftovers to buy bitcoin instead. You won't get a full one, but you will still build a solid stash over time.