How many people here would choose bitcoin as their form of payment?

[Jumperman4]

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

[iRaMMuS34]

Not yet, my friend. For now I'm just hoarding bitcoins untill it gets to a point when I'm sure this won't be another 250 btc for a pizza moment

[Chris Barth]

Answering the question asked in the topic, everyone here would most likely prefer too receive their payment in bitcoin. Afterall, we all signed up here cause we all want something to do with bitcoin. Adding to that, if you had the chance to pay someone for some service or goods, it'd be cool if you ask the person if he or she would receive payment in bitcoin. And if the person is already familiar with receiving bitcoin, be happy to carry out the payment as it helps increase the rate at which Bitcoin is used for payment.

[Nadziratel]

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

I do not think it is right to invest 100% in anything of value for money. It doesn't matter in USD, Euro, Gold, Bitcoin or stock. Their value may decrease over the time cycle.
And no, I don't think it's right to sell BTC right now. I think buying BTC is the right decision. For this reason, I do not need to use any platform as mentioned. But still, I use it to experience such platforms.

[carlfebz2]

For people who do know the value of bitcoin and its potential price in future then they would prefer on accepting their pays on btc form but the question is, would their employers consider such payment?
No they wont since we know that volatility wont really fit out not the same on traditional fiat so they would stick out on the old system no matter how we do like for such changes its still impossible for it happen.
Thinking of that not all wont be willing to get their salary which have volatility characteristic.Adoption is moving though but doesnt mean that we would get rid of the old fiat system.

[KrisAlex18]

Actually this will only applicable if bitcoin has a fixed price but as we all know bitcoin and other cryptocurrency is volatile, which means its price changes seconds by seconds, so I don't think that it will be applicable as form of payment because once the bitcoin is dumping there would be no person that will use it to purchase some stuffs or will be a form of payment because they will lose their money if they do that and if we don't have choice to pay then we will surely lose our money. Bitcoin for me is only an alternative currency for fiat, it is only meant to be converted to fiat currency so we can use it to purchase some goods in real life.

[Eugenar]

Well, if you mean bitcoin over fiat currency on payment, Yes I will agree, paying through bitcoin is such a good idea, bitcoin is so beneficial to each and everyone, besides it is more convenient compared to fiat currency in terms of transactions(paying bills, load, etc.) because it will happen through the use of internet, but the bad sides of bitcoin as payment is the securities, I don't believe so much internet in terms of securities because there are so many hackers and scammers in the virtual world, so you may be prone to be fooled in cryptocurrency.

[bL4nkcode]

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

Sure. If bitcoin is already accepted in any store in my place, from the department stores to grocery supermarket and other restaurants, then why not? I'd rather scan a QR code to pay with my phone with BTC other than withdrawing first to convert to cash which is you need to got some atm machine first which I'm usually doing.

[Harlot]

I'll still prefer to use my cash if I still have fiat currencies to use, why? Even if we remove every problem Bitcoin will be facing from slow transactions, stores not accepting it, and to it being illegal I'll still prefer to use my cash first because in my own personal views I consider Bitcoin as my asset not some kind of quick cash I'll be happy to spend every time. If it weren't for the volatility and the potential gains I'll be having with it I'll be happy to spend it just like cash but that is not the case. Assets (besides cash) are not meant to be spent right away since you will just be wasting the opportunity to earn from it. I know that Bitcoin's purpose was to be an alternative to cash payments and to eliminate middlemen but the thing is Bitcoin is now even more compared to that and I'm happy that I treat BTC as an asset.

[verita1]

I would accept to receive payments in BTCitcoin 50% and 50% USD. Only in the present moment because there is a lot of instability. We have already learned to live with its volatility, but at present, trade is unpredictable. But I still believe in Bitcoin and I wish we have good news soon so I can see market opportunities grow again.

[Little Mouse]

I would take BTC as payment from my boss if I was able. Here, BTC is illegal and I can not think of that. But when I get my salary and the price is low enough for me, I purchase some time to time. Still it is very hard because I have to find someone looking for sale.

[maxreish]

It's a priviledge to use bitcoin as a payment. I remembered doing it last year in  gasoline station. Well, the feeling is good since the new technology makes it more efficient and convenient for us. But not all here in my place still not open for new cryptocurrency payments. In times like this ncovid crisis, I do hope some supermarket will reconsider and accept btc payments.
 
 But, I have been doing it often in paying my bills. Good thing our local exchange provided it. Less hassle.
 And still, aside from using it as an online payment method,  I am also considering it as a store value.

[LbtalkL]

If the bitcoin payment method is available on a particular store, of course, I prefer bitcoin and many will use it. But now those stores and establishments are limited. But on online Goods (Like a domain name, etc) I guess there are plenty of online goods that you can buy with bitcoin, so I prefer bitcoin online. Also, I have a local crypto wallet that has a feature to pay for your bills I use it sometimes, But for now, I never touch the bitcoin I HODL because of the volatility of the market.

[Jating]

Yes 50/50 would be a good ratio. We all know that bitcoin is not yet universally accepted ay payment option so I guess if given the chance to received a paycheck again? I would allot 50% of that and the rest fiat so that I can used it for my daily needs.

The beauty of it is that you can hedge at least 50% of your salary to bitcoin, some sort of savings in the long run.

[pooya87]

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

someone asked this a couple of years ago and interestingly enough my answer has not yet changed. and it is no, i consider going 100% in bitcoin to be bad. bitcoin itself is still risky and pretty volatile and i would sleep better if i only had invested in bitcoin what i could afford to lose. on top of that bitcoin's adoption is not yet that big for me to "use" bitcoin only. so i still need fiat and i would have to keep selling bitcoin for fiat which is not something i like to do on a regular basis.

[Oasisman]

I won't use Bitcoin as a direct payment option to any services or goods. Instead, I always convert to fiat specially when the price is high, this is to avoid taking too much BTC from my wallet.
So, I always consider Bitcoin as a store of value rather than a currency to pay for something. Though I made a handful of BTC payment before, but I just realized how valuable having a piece of BTC today.

[btc_angela]

I have used my bitcoin to pay for some services because it is hassle free. You don't need to go and fall in line just to be able to pay your bills. But as far as accepting bitcoin as pay check, why not? The problem is that not many companies specially mid-tier see bitcoin as an option, but 100% is too much though. Probably just a small percentage of your bi-weekly or monthly salary should go to bitcoin and then the rest to regular fiat.

[AniviaBtc]

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

I do not think it is right to invest 100% in anything of value for money. It doesn't matter in USD, Euro, Gold, Bitcoin or stock. Their value may decrease over the time cycle.
And no, I don't think it's right to sell BTC right now. I think buying BTC is the right decision. For this reason, I do not need to use any platform as mentioned. But still, I use it to experience such platforms.

Selling BTC depends if you really need the money or if you need something to pay for. But it is true that buying is more important this time, as this is the opportunity for you hold more bitcoin. The only bad thing here is that we don't have any idea until when we will hold our BTC and some people tends to pay their bills with BTC because they find it less hassle to withdraw. In reality, bitcoin is useful as a digital payment but it is a store of value so you should not use it in some other unimportant businesses. Bitcoin is very volatile, its price in the market vary depends on its volume and market, that's why people are really having a hard time managing their BTC as they try to pay their bills with it or with their own fiat currency.

[bgaf]

Like anybody else response. There are divided conclusion for many people here. Some prefer fiat rather than spending their btc. Wise though since it hasnt have a fixed rate, cause you might spending double today than you purchase tomorrow.

Also on the other note, people should also consider the usage of btc since even we wanted to spend it on some goods and services, not all establishments and firm accepting it. Maybe in the future, but the topic denotes picking a choice between fiat or btc.

For now, Im into fiat but when the time comes, when mass adoption is reach is exponential usage. I can consider using my btc to buy starbucks coffee with QR code payment. But for the meantime, lets spend wisely and only if necessary to use our btc.

[davis196]

Right now,100% of my income is paid in BTC.I wouldn't divide it 50/50 or 60/40.I would only sell BTC for fiat if it's 100% necessary to pay for some food or bills.I have enough fiat savings to survive for 7-8 months.
Be careful when buying undervalued stocks.Some companies might not survive the crisis and their stocks might go into the trash.I've never used Bitwage and most likely I never will.It's more convenient for me to just sell a portion of BTC to fiat,instead of using a third party service I don't trust.