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Author Topic: Salary in Bitcoin, is it a good idea?  (Read 7179 times)
Stunna
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May 05, 2013, 07:52:05 AM
 #21

This sounds like a terrible idea.

Regardless of how much you believe in bitcoins, your survival costs money, and if bitcoins do crash for whatever reason you have wasted time you can never get back and may not even have enough money to pay your rent.

At this time having money in bitcoins is a great idea in my opinion. Putting all your eggs in one basket however, never is.

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BTConomist
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May 05, 2013, 02:51:49 PM
 #22


It's a bad idea. Why don't you just spend your entire salary on bitcoins?



Probably because BTC's underlying value (not the exchange rate) is less than $3 at this point.

So, converting a $-based salary into bitcoins would be a bad deal at today's exchange rates.



Bitcoins are earned, not traded! If you plan on hoarding BTC, you're on my target list. (And yes, it is possible to swim in BTC.)

Don't give me that Bull... I'm one of those honey eating Bears that the bees hope to never meet again... Viva la BTC!!!
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May 05, 2013, 02:55:10 PM
 #23


- salary of 600-1000 dollars payable in BTC



Only if you can find someone who is willing to pay you a salary of at least 200BTC ($600 at $3/BTC exchange rate).



Bitcoins are earned, not traded! If you plan on hoarding BTC, you're on my target list. (And yes, it is possible to swim in BTC.)

Don't give me that Bull... I'm one of those honey eating Bears that the bees hope to never meet again... Viva la BTC!!!
kellrobinson
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May 08, 2013, 01:23:30 PM
 #24



BTC's underlying value (not the exchange rate) is less than $3 at this point.


I'm interested in learning about the underlying value of bitcoins.  Do you have some links where I  could read more about it?

Edit: I just saw a post of yours on another thread where you mention $3 is the cost of mining a coin.  Question answered, pretty much.
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