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Author Topic: Salary Paid in Bitcoin - would you do it?  (Read 986 times)
Jlv
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April 10, 2018, 06:13:27 AM
 #121

I think this is not the right time to use bitcoin as payment for salary, many will complain and against with it because the price of bitcoin is not stable, sometimes people will get paid high, sometimes in lower value so they may not agreed with this situation.

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April 10, 2018, 06:14:57 AM
 #122

I would love to be get paid in Bitcoin for sure but recently due to india's central bank pulling off the plug on bank support to Cryptocurrencies exchange will for sure deter me to do so.
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April 10, 2018, 06:30:45 AM
 #123

I would prefer to receive my salary in fiat rather than in money wise. Although the price of bitcoin is getting stable down, but is still risky. So i think is better to receive money than bitcoin.

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April 10, 2018, 06:37:27 AM
 #124

Its a very very bad idea men. Look into this, the salary of worker is fix  on what they are salary grade or salary standard, While the bitcoin is not stagnant,  its always move up and down, so how come bitcoin is possible to pay for salary.

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April 10, 2018, 06:47:12 AM
 #125

I think payroll with bitcoin is not very good, we know together that the unstable bitcoin price becomes an obstacle to be accepted as official payment media.
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April 10, 2018, 07:00:40 AM
 #126

I dont think I will embrace it. To me salary has to be in fiat. Easier to use and to be taxed with stable value. Because most people has to pay their monthly debt and it wont be wise to do when the price drops as of now.
Crypto as investment is still the best choice to me personally

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April 10, 2018, 07:35:25 AM
 #127

I think we still have a ways to go before people in our current generation take cryptocurrency as a form of salary when most people are still trying to grasp what a bitcoin is and how it works. The younger generation will definitely be more likely to accept this.

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April 10, 2018, 07:55:51 AM
 #128

People in signature campaigns will know, getting paid in crypto is not all it's cracked up to be. The coins you get paid in a week can either be up 30% or down 30% in any given week. Lately it's been down trending, so that $100/week or whatever often turns out to be far less than what you think.

No way would I do that with a huge sum of money that I relied on.
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April 10, 2018, 08:00:48 AM
 #129

Thanks but no thanks. I would like my salary paid in fiat and then if I want to invest in crypto I will buy it myself. Have you seen the latest episode of Silicon Valley? It's hilarious how many times Bitcoin was not profitable to mine in a day!  Grin
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April 10, 2018, 08:01:59 AM
 #130

It is not reasonable to use cryptocurrency to pay salaries. At this stage, cryptocurrency is a risky investment product, but salary needs to be stable.
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April 10, 2018, 08:09:06 AM
 #131

Its must be very nice if we doing our job and paid with bitcoin. Bitcoin is very liquid, so if we want to buy anything we need, we can selling our bitcoin and convert it to fiat for daily spend. Rest of it, will hold it as investment


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April 10, 2018, 08:12:39 AM
 #132

Only if as an additional earnings
Too few goods can be bought for cryptocurrency in my country.
And extra transactions are a waste of time
possible only in the future  Cool
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April 10, 2018, 08:20:23 AM
 #133

Nice experiment , only people can see the future will accept the crypto currency , smart people love crypto currency , only some ordinary guy still not believe in cryptocurrency , but in one condition , the company which paying salary with crypto currency will not pay the salary with their own selfmade crypto currency , must pay in top 10 altcoins

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April 10, 2018, 08:25:05 AM
 #134

If the price of BTC is stable, I am willing to accept BTC's salary!

Otherwise, my salary will be lost, and no one is willing to admit the risk!
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April 10, 2018, 08:30:19 AM
 #135

Because of big volatility of BTC such variant will suit almost to nobody.
When BTC will has low price - employees will be unhappy, when BTC will has high price - workers (business owners) will be sorry to pay a lot of money.

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April 10, 2018, 08:52:22 AM
 #136

It is a bit hard because bitcoin.is volatile meaning the value is not fixed . it will affect the amount.of salary of one person. eepecially if it will decrease after you have recieved you salary. I think it is better to convert it to cash first.
So far, bitcoin is not that much acceptable by so many people that we should go for something like this. We can do that but only when the governments take such constructive steps which can then result in the legalization of the bitcoin and that the ones who are willing to pay their employees a salary in the form of the bitcoins have this guarantee that they are authorizing to do so.

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April 10, 2018, 08:57:31 AM
 #137

Yes, I am very willing to be paid by bitcoins but just a part of it because not all merchants here in my country accept it and I can't spend it for my daily basic needs. Bitcoin is still a very young digital currency and government can't deduct tax from it so it's one of the good advantage of having my salary paid in bitcoins.
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April 10, 2018, 09:03:55 AM
 #138

nothing is impossible, if the market is ready with the pattern. I am the first person ready to pay for the work with bitcoin. if that happens, like a dream come true  Cheesy
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April 10, 2018, 09:07:55 AM
 #139

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.
 
https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.


 I think it is not that easy that Bitcoin Will be used to pay salaries by many companies. It depend , if in campaign signature , yes why not, we grab that chance of having Bitcoin. But in our regular job, I do not think that it is possible, because Bitcoin price is flactuating, it goes  UP and down. It takes time also to wait for the good price to sell it or exchange to local currencies. If we get Bitcoin salary, maybe that time , we already gonna use it in all kinds of payments regardless that local currency.

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April 10, 2018, 09:16:21 AM
Merited by nutildah (5)
 #140

If I could spend it on something interesting, it would be great.
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