Salary Paid in Bitcoin - would you do it?

[miyong]

Why not?  If i have more btc and there are some employees who are willing to be paid in btc. For me,  i love to work and paid with bitcoin because,  in bitcoin,  there is a great chance that the price of btc will rise.

[jeremypwr]

No way.  What if you're paid and the value of BTC goes down, as it's recently been prone to do.
Instead of making $x, you're making $x- an unpredictable market.
Maybe half and half but only if it were a high-paying job.

[knightmairesaint]

If the company will implement a bitcoin salary, I think it wouldn't make a lot of difference since I'm very sure that companies will only pay btc equivalent to their usual monthly salary. The btc that they will give still varies on on the market price — meaning whether btc's price skyrocketed or fall down, they still give you a $500 worth of btc (just an example). If we look at the logic, companies only just convert your salary into crypto nothing more nothing less.

In my opinion, i still prefer fiat over crypto when it comes in this kind of topic because it's price is more stable, doesn't need anything more (e.g. digutal wallets), accepted by all and lastly, provides more convenience for consumption.

[ene1980]

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 would like to receive my entire salary in dollars and nothing else and then to have the option to invest in what ever i choose is the best option, if not you will be limited in option when you are forced to collect a certain token of the choice made by my company and i do not want that to happen.

[BountyX]

I know a few shops where the employees OCCASIONALLY take their salary in Bitcoins - it depends if they need cash in that moment or not and if in that period the Bitcoin price is rising or tanking.

[feny.blackpink]

Yes, why not ? as long as the cryptocurrency market accept USD-BTC pair, it is okay.
but for now, the market of crypto still unstable. it is better to sell them immediately after got paid with BTC.

[werpak321]

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.

Yes when we started working in a bitcoin it just like we are also working and having a monthly income just like we are working  in a regular kind of job

[The Sceptical Chymist]

not stable yet.

Yet.  Yet.  Let me tell you, there are very few people here who actually want bitcoin to be stable.  I think we'd have a huge drop in price before it ever leveled out for good, and at that point I think most people would have abandoned it.  That's the reality as I see it.

And hell no I would not want to get paid in bitcoin UNLESS I could buy everything I needed to with it, and fast.  Right now that just isn't possible without jumping through all sorts of hoops.  Why would I want to get paid in an unstable currency when fiat money is working just fine?  I don't think any rational person who doesn't have an emotional attachment to bitcoin would want to, either.  Yes, fiat might crash one day, but I suspect we're a looong way away from that happening.

If I need bitcoin, I'll buy it.  I sure as hell don't want my paycheck in bitcoin.

[nutildah]

I currently get paid for my job in bitcoin.

My suggestion to those considering taking BTC for salary is to make sure you tack on a 3% surcharge to cover transaction and conversion fees.

Also, its not a bad idea to cash it out ASAP unless you can stomach the volatility.

[Beparanf]

I currently get paid for my job in bitcoin.

My suggestion to those considering taking BTC for salary is to make sure you tack on a 3% surcharge to cover transaction and conversion fees.

Also, its not a bad idea to cash it out ASAP unless you can stomach the volatility.

If it is a bounty reward and still not indeed of money, then holding it till it increases is much better. But as an employee If my salary will be paid in BTC depending on what my salary in our fiat it will be fine, but if fixed btc I doubt if any employee accepts it since Btc is volatile.

[dodz031718]

This is possible because bitcoin is a good investment to hold although the price is having a hard time to increase it actually depends if what you are earning at work is what you are using for your daily expenses.

[ElizRu]

Well, yes, I agree, this is a good idea. So you will support your company and the whole of the Crypto currency, but it turns out your final salary depends on so many factors and it can both grow and fall wildly. Dangerous as I think.

[vina.lugtu]

I will still prefer cash payments for my salary. As we all know, there are only few things we can buy using bitcoin. Majority of payments still requires money or credit card so it will be a disadvantage if an employee will be paid using bitcoin. The only advantage I can see is when bitcoin suddenly goes up before payday. Its almost impossible to happen on the current market so I will still prefer cash. I can convert them to BTC anytime I want.

[qwertyup23]

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.

This heavily depends on the country where I am staying at. Assuming that my country exhibits acceptance and leniency towards bitcoin, I would ask my company to at least convert a partial of my salary as bitcoin though not everything. One thing to keep in mind before accepting bitcoin as a salary is its volatile and decentralized value. Currently, there are no laws catering to tax imposition to bitcoin and that would lead to another problem regarding income tax. Lastly, the value of bitcoin may change everyday which makes your earnings sensitive in its price.

If establishments and retailers begin to accept bitcoin as an alternative payment, receiving bitcoin as a partial of your salary may provide convenience into paying bills and monthly obligations.

With this instability, and with a downward trend obviously people will not accept it, but it is something that a medium-term future will see more frequently.

Agree. The acceptance of bitcoin as your salary depends on cryptocurrencies' legal status among countries. If their existence is prejudicial and a threat to national standards, then imposition of world-wide bans may soon follow.

[allycn]

No. Earlier on I would have said it was OK for a portion of my salary to be paid in Bitcoin, but I prefer to have control over how I distribute my income. If I want to invest a portion of my money in BTC, then I can do it, but I would not want to have to deal with exchanges in order to convert BTC to fiat when I need to make every day transactions (sure I could convert a set amount to fiat for expenses, but I prefer to do it the other way around). Also it is too volatile, so at the moment I see BTC as a long term investment.

[nara1892]

I think that's a good thing, just like a signature campaign whose salary is paid with crypto currency, it's just better to keep usd bench for example $ 100 / week in btc, because we don't know their coins whether it will be stable or fluctuating. But the bad effect is that if they don't have enough investors, it may decrease when the salary is paid because people will sell the salary they get in the form of crypto currency for their needs. But it will get better when they really develop the crypto currency they make and the salary we get can be directly invested.

[Blockvisory]

I think this is a good method, salary based on cryptocurrency platform, but since the market is still not stable then it wouldn't be wise to stick with fiat for the meantime.

[nutildah]

I currently get paid for my job in bitcoin.

My suggestion to those considering taking BTC for salary is to make sure you tack on a 3% surcharge to cover transaction and conversion fees.

Also, its not a bad idea to cash it out ASAP unless you can stomach the volatility.

If it is a bounty reward and still not indeed of money, then holding it till it increases is much better. But as an employee If my salary will be paid in BTC depending on what my salary in our fiat it will be fine, but if fixed btc I doubt if any employee accepts it since Btc is volatile.

Nope, I have a real job. I don't consider Bounty Hunter to be a real job.

I would not gamble on BTC increasing in value. Last week my boss said I was getting bitcoin "cheap" at $7400....

Like I said, if you can convince your employer to tack on an extra % to cover cashout charges, and then you immediately cash out said BTC, it works just fine.

[Vendetta666]

For me, this is too risky. Because the cryptocurrency has no stable price. And I cannot consider it as a real job. Cryptocurrency is good as a investment not salary payment.

[nicko122]

As far as I know now, many people who turn in circles of cryptocurrencies receive a salary in them. So nothing surprising