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

[Upgrade00]

It depends on financial statuses and the ease of transacting in Bitcoin is ones home country. If I spent my income regularly and there is very little I can get in actual BTC currency, I would prefer to be paid in fiat or a portion in fiat and the other in BTC, rather than having to convert to fiat whenever the need arises.

My decision would also lightly depend on the organizations' relation of salaries to fiat, i.e, if salaries are permanently and averagely fixed in BTC values and would not be adjusted during a pump or a dump, I may consider getting my payment in Bitcoin.

[Asuspawer09]

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.

In my opinion, the bitcoin is not yet ready to be used and I think cannot really use as a mode of payment because of the volatility of the market price of bitcoin.

Surely it is a big risk using this bitcoin as a mode of payment or either accepting bitcoin as payment because the value could go up or down easily so it is always a big risk.

I think it is much better to use bitcoin just an investment because it is better that way and not using it as a mode of payment surely you could also take advantage of this and just use bitcoin as a mode of payment when the market price of bitcoin is pumping.

[rhomelmabini]

If necessities or any goods can be paid now with Bitcoin or it's widely used as mode of payment and satoshis are much more valuable why not, I think that's the underlying purpose of Bitcoin. I haven't heard any country or even a state that solely accept Bitcoin as payment and still people are using goats, I guess we still have a long shot before we can see that a reality.

But still people will find alternatives since bitcoin has more features need for upgrades such as transaction speed to say the least.

[Latviand]

It depends on financial statuses and the ease of transacting in Bitcoin is ones home country. If I spent my income regularly and there is very little I can get in actual BTC currency, I would prefer to be paid in fiat or a portion in fiat and the other in BTC, rather than having to convert to fiat whenever the need arises.

It depends on the company that you're working for if they allow what you've said half portion of fiat currency and bitcoin. But what's the problem of converting to fiat? You can pay bills and expenses with the use of bitcoin for a less hassle transactions. During times like this, you are not allowed to go out so what do you think is the solution for that? That's why there are companies and businesses who accepts bitcoin as a payment, and bitcoin is a digital currency, besides of it being a store of value, it can also be used as a mode of payments.

My decision would also lightly depend on the organizations' relation of salaries to fiat, i.e, if salaries are permanently and averagely fixed in BTC values and would not be adjusted during a pump or a dump, I may consider getting my payment in Bitcoin.

Yeah, you should check first if the organization have the kind of attentiveness to that kind of idea. Some organizations are very strict and they just follow their rules and regulations without having any consideration to their workers. If I were you, I will choose bitcoin over fiat if you really want to have a bigger value. Also for you not to spend your money in some unuseful things and not be wasted. If you received bitcoin, it will just remain at your wallet and you can't spend it quickly because it will undergo so many process before you convert it into fiat currency.

[joeperry]

At this moment, I believe that it would be more strategical not to made invest a 100% into just a particular venture or currency. It would be a wiser strategy not to put all of your eggs in a one basket. If I would be given the chance to choose as to what I am going to be paid for and to be used as payment as well, I would definitely prefer Bitcoin which I believe many would also prefer. However, that would only be applicable if everyone is familiar and starts acknowledging Bitcoin as a currency that is capable of circulating in the market along with flat currencies. Although, I think its volatility, slow transactions, high fees and legalization is hindering it from being fully supported by the entire community.

[big_daddy]

If I could, I would choose the 100% in Bitcoin
It's so easy to get fiat out from crypto, nowdays, or even spend your crypto directly, that I have no barriers to accept crypto as the only value for any kind of payment

[Nawrod]

I would definitely choose BTC as my form of payment If I could. But it's barely impossible... I'm pretty happy that more and more places are supporting btc payments. Moreover, many of cryptocurrency exchanges have their own crypto debit cards which is perfect if you want to pay with your crypto. I've already pre-ordered mine on CoinDeal, check this out:https://coindeal.com/card/

[Gotumoot]

Question:

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

The price of Bitcoin is volitle so for me it is difficult to use as a means of payment due to the time to time fluctuation in its price. And this is especially difficult for bussines owners to deal with as it can cause losses especially when bitcoin prices start to fall. So for me I am not 100 percent sure I will use it as my main payment method.

[20kevin20]

I would, no doubt. No way I'd choose fiat over BTC.

The change in total circulating USD is already showing its true face but people don't want to see the truth. Prices are going up, yet we're being told it's because of the pandemic. It is one of the reasons but not the only one.

Just wait until people start realizing this is not just a pandemic but also one of the largest economical crashes in our history.

[madhavsinghrajput]

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.

It depends on country and service.How can daily wages worker can accept his payment in bitcoin.Some doesn't even have there accounts in the bank also.I think people who are fond of mall and shopping and purchases gift cards regularly can purchase giftcards in BTC.Right now i don't think people will accept there primary income in Bitcoin.

[Pixyoxx]

Well That Really Depends, We Do not have any surety that bitcoin won't come low and in my opinion i wont use it as a primary form of payment because the price is uncertain many times , as i would say you should also consider it as your backup form of payment because it is really unpredictable many people would want to use it as their primary form of payments but yeah for now i would consider Bitcoin payments as secondary.

[jumail]

Isn't the volatility too high? while we are working and waiting for the salary to be used immediately to fulfill our daily lives? It would be more effective if we ourselves are dividing the income in a certain percentage as needed, and set aside for example 10% to buy BTC as an investment, I think it is more effective. After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

[Gozie51]

After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

I like to pay and receive bitcoin but the above is the issue. Not many have adopted it and that means at a point, you would need to convert to fiat so you can take care of daily needs. Certain little products you need can't be bought with bitcoin for now.

[Oceat]

Ever since I know Bitcoin I have been spending most of it back in the days purchasing something from the internet but I just realized that I need to hodl Bitcoin since I saw the chance of it to be a good asset in the long run. Through Bitcoin payment most people would start to adopt and use it. There's a lot of usage of Bitcoin and cryptocurrency available these days so I think the adoption might be hasten.

[Twinkledoe]

After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

I like to pay and receive bitcoin but the above is the issue. Not many have adopted it and that means at a point, you would need to convert to fiat so you can take care of daily needs. Certain little products you need can't be bought with bitcoin for now.

I think, I'll still opt for 50-50. Not 100% bitcoin, though as we all hope that if we choose all btc, there's a chance that someday it will increase its price, higher than when you received it. But yes, you need to pay bills and other everyday living expenses, so you still need your fiat as only few merchants are accepting crypto til now. Maybe, someday, I'll go for all btc, anyway as you said, we can always convert our crypto to fiat in case we need it.

[Kupid002]

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.

In my opinion, the bitcoin is not yet ready to be used and I think cannot really use as a mode of payment because of the volatility of the market price of bitcoin.

Surely it is a big risk using this bitcoin as a mode of payment or either accepting bitcoin as payment because the value could go up or down easily so it is always a big risk.

I think it is much better to use bitcoin just an investment because it is better that way and not using it as a mode of payment surely you could also take advantage of this and just use bitcoin as a mode of payment when the market price of bitcoin is pumping.

Its actually possible if you make partnership with local exchange, the bitcoin send to your address will automatically converted to fiat or your local currency everytime that someone  send to your address.

This is just an option if the stored or those who accept bitcoin payment is affraid about volatile price of bitcoin. If they are not affraid  about volatility they can accept bitcoin directly then no need to convert to fiat.

[amishmanish]

This is a completely hypothetical scenario for me as i have few avenues to use BTC for daily necessities. If i had the option to do that and actually spend it for things like grocery purchases on amazon through purse.io, pay for restaurant trips, uber trips, tech stuff etc,  I'd be comfortable taking some portion of salary as BTC. I wouldn't say it'd be 100% BTC because eventually you need to pay some people off with fiat for their services.

The whole crypto-economy with its concepts of micropayments, streaming payments etc is built on the existence of a solid market and a macroeconomic scenario where the printing of money isn't an unlimited power with the banks. This culture where people are so dependent on paycheck to paycheck that a few months of shutdown needs trillions of dollars of dole-outs to companies and individuals is fundamentally wrong. Unfortunately, it is a system that the biggest economies of the world have built up. This is what bitcoin is supposed to change by showing people that they can save value in an inflation-resistant asset which won't be at the mercy of uncontrolled fiat injections.

[FanatMonet]

In our country, it’s quite difficult to buy anything for cryptocurrencies, I would choose fiat, and I would buy some cryptocurrencies for it, it would be even better because I would not have to mess with exchanges and lose money on commissions of these exchangers.

[rathaha10]

Well,  with volatile nature of the cryptocurrency market, i wouldn't advice anybody to keep all their eggs in it's basket. in as much as cryptocurrency offers a decentralized and a more anonymous form of financial system, it doesn't beat FIAT when it comes to security. Bitcoin might loose or increase value any day and so is any other cryptocurrency out there. In keeping your cryptocurrency, your wallet might get compromised or exchange you frequently used might get hack leading you to lost all your assets which in the case of FIAT, The risk is not that much. So i'd advice 50/50

[XCANA]

In our country, it’s quite difficult to buy anything for cryptocurrencies, I would choose fiat, and I would buy some cryptocurrencies for it, it would be even better because I would not have to mess with exchanges and lose money on commissions of these exchangers.

.

More like mine but not ban like other countries. The government here will not disturb anyone holding Bitcoin or associated with the said Bitcoin, but for the acceptance of Bitcoin from merchandise aren't available for our use. Am a bitcoin faithful since inception but have never purchase items with the said Bitcoin but always exchange my portfolios to fiats currencies before embark on payment. Hope to see more improvement on the part of the government in accepting the technology and enforcing it acceptance across the nation.