Bitcoin as primary currency

[Sonofgeneral]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

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[Coyster]

Firstly, you cannot use Bitcoin as your primary or sole currency, it would make it impossible for you to buy most of your daily needs, or you'd have to go through the stress of converting to fiat back and forth. Having said that, receiving your salary in Bitcoin is not really advisable, its a good currency/investment, but it's as well very volatile, and is yet to attain mainstream adoption, thus it's much better you receive your salary in your fiat currency, and then use the percentage you want to buy Bitcoin for investment purpose.

Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Isn't holding 80% of your salary in Bitcoin investing far more than you can afford to lose? Mind you that your investment should be something you can afford to lose.

[mk4]

If there isn't any sort of bitcoin service that you can use in your country for paying bills, then you're out of luck. You can simply do what most bitcoin-only people do though; sell a bit of bitcoin each month solely for your bills.

Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Use your salary to buy bitcoin after every paycheck, and leave some fiat for your bills. It's that simple.

[Ekeleboy]

I don't think holding 80% of your salary in bitcoin is a good move.
Considering your daily needs and how to go about getting them met.

I think what you should do is get your salary in whatever currency you use and invest a reasonable amount in bitcoin. Start small, risk little.
Bitcoin should not be your primary currency, at least for now.

[Kong Hey Pakboy]

Bitcoin is a Digital currency It's better as a investment purpose not as a salary. You concern with your company you can get your salary in fiat and after that if you save something you can invest on bitcoin and other coin..

Nope, you're wrong, there are people out there that has this set up already, so you're wrong that it's not a good way to pay salary. Plus, it's already and investment if you have your salary as bitcoin already so I don't think that OP is doing something wrong here.

[concept2]

Do your country have any kind of p2p exchange where you can directly buy bitcoin from someone else? Moreover, is your country a good place to own bitcoin. In my country, people are arrested for buying and selling bitcoin if they are caught by the authority. I highly recommend you to buy a hardware wallet (strongly recommend Ledger nano S because of being cheap and high mobility) in order to store your bitcoin. Whenever you buy your bitcoin, send them straight away to this wallet.

And remember not to out all of your money in bitcoin. You still need fiat for daily use, right? Not many place in this world accepts bitcoin for food and water lol  

[Poker Player]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

So you plan to live on $300 a month. Well, unless you live in the third world or with your parents, I don't think so. That being the case, I would ask the company to pay you $300 in fiat and $1,200 in Bitcoin. If it gives you all in Bitcoin or all in fiat it shouldn't be much of a problem either, you exchange currencies in an exchange and that's it.

[dothebeats]

Depends on your expenses and your responsibilities + finances. You will have to strategize on your finances very carefully if you are planning to live frugally and invest a huge portion of your salary into bitcoin or something else. I would advise against receiving your salary in bitcoin as it might present to you some legal problems re: taxation if you are still not sure on how to file it correctly.

If I were you, I would just receive my salary as is, buy bitcoins, keep whatever money I need to live with and hold those bitcoins that I bought. Pretty straightforward and removes the hassle of legalities that may arise.

[bct-user]

If I were you, I won't accept 100% payment in Bitcoin. Since you need fiats for your daily life, it will be better to accept 50% in Bitcoin and 50% in Fiats. In this way, you won't get difficulties to fulfill your daily needs. And you also can invest half of your monthly salary in Bitcoin. Don't put 100% of your income into Bitcoin investment, don't be greedy. Remember that investing in Bitcoin is a high risk, there is no guarantee to take profits there. Always think wisely and don't risk your life.

[Pulsar77]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

It is nice that you want to have some amount of your salary in Bitcoin. But actually you don't need to do so. Because you can already buy Bitcoin to make an investment. These things are resulting in the same place I mean. But let's say you still want to have it in Bitcoin, this time you won't be able to pay your bills with Bitcoin. Because unless the government makes a decision to do so, there is no way that you can have the option.

[cryptoperkele]

If I were you, I won't accept 100% payment in Bitcoin. Since you need fiats for your daily life, it will be better to accept 50% in Bitcoin and 50% in Fiats. In this way, you won't get difficulties to fulfill your daily needs. And you also can invest half of your monthly salary in Bitcoin. Don't put 100% of your income into Bitcoin investment, don't be greedy. Remember that investing in Bitcoin is a high risk, there is no guarantee to take profits there. Always think wisely and don't risk your life.

Even 50% is quite big amount considering we don't know his monthly expenses. BTC seems like a lucrative investment for anyone who haven't seen the fud and what it can do to the price just when you needed the cash, and neither they have experienced the market cycles and how they affect fomo and fear. Because there might be a time when they need cash for unexpected expenses. And either they are lucky and btc is up then, or they are going to pay way more then they anticipated.

[BOAEDAN]

bitcoin as the main currency,, I agree with your review, but it would be nice if we had to accept both, we also accept bitcoin, for us to make assets, and we must accept fiat for our daily needs, especially in the country I have not received bitcoin as payment, of course I have to accept fiat, for my daily needs..

[DapanasFruit]

In case, it would be impossible to request the company to do it for you then the best thing to do is to use the fiat as your salary to buy Bitcoin directly. Now, the problem you have is you won't have other means of income for daily and regular expenses if you use all your salary investing with Bitcoin. Yes, you have some sidelines for that online or offline and in the meantime that you have not yet set up that then maybe investing with half of your salary can be good with the other half going to your cost of living.

[mrongos]

bitcoin as the main currency in your company it could be, if you want to pay your employees' salaries with bitcoin it's fine, as long as they accept and in your country can buy goods with bitcoin, but in my opinion bitcoin is a currency in digital, especially in my country the government has not allowed the purchase of any goods with bitcoin, personally I will receive part of my salary in bitcoin, to be used as an asset, and partly I receive in fiat currency, for my daily needs..

[ranochigo]

Do your own due diligence and partition your funds properly, you should have an emergency funds before setting aside funds for investments. You should ideally have covered your personal expenses by that point. With the funds that you're using for investments, please do not put everything into Bitcoin. You probably can't afford to lose them all, try to have different tiers of investment for your risk profile. Investing everything into cryptos is just shooting yourself in the foot.

[SFR10]

Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Not sure why you prefer to add unnecessary steps and make everything way more complicated than they need to be, but to achieve something like that ^{[it doesn't cover everything that you want]}, you can try a service called "BitWage".
^{Note: I've never tried it before and from what I've read, it has mixed reviews [e.g. delays and etc...], so DYOR before using such platforms.}

[Marvell1]

Bitcoin is good but bitcoin is volatile and risky, not always investing in bitcoin is profitable. It depends on the time and purpose of each person when investing in bitcoin, get your salary in fiat and then you can buy as many bitcoins as you want. You can easily balance the cost of your daily needs and the amount invested in bitcoin.

[mrongoz_imut]

bitcoin as the main currency, maybe in your country you can enforce bitcoin as the main currency, and your company can pay your employees using bitcoin, but it doesn't apply in my country, because the government still prohibits everything in the form of crypto, don't pay it using crypto, even wanting to shop using crypto is still not accepted in my country..

[CryptocurencyKing]

Bitcoin for a primary or basic currency, that is very much of an impossibility in our world today as government is still hostile to cryptocurrency neither are all the citizens of a nation bitcoin friendlies or familiars too. So, using bitcoin for a basic or primary currency isn't going to work at the moment.

Should you wish to use and hodl a % of your earnings in what ever form is entirely up to you and very possible. Should your company agree to pay you in a cryptocurrency of your chosen. All you do is simply receive it with your wallet, have the percentage that would satisfy your needs and wants transfered to an exchange or using what ever means you've got to exchange it for your nations fiat based currency.

In that instance, you actually get to hodl a % of your chosen in cryptocurrency and have your money in fiat too.

[ReiMomo]

As of now, better keep getting your salary in dollars rather than as Bitcoin. Invest what ever you can in Bitcoin. Buy it every month and hold it. I dont think any it would make any difference in getting your salary in Bitcoin or in local currency. It depends upon how much you spend and how much you save. Even if an employer keeps Bitcoin as a primary currency to pay your salary, the set amount would be paid to you based on when they pay right. So no difference it would make.

[BIT-BENDER]

What is your monthly expensive/upkeep, if there are any excessive spending in the month you can cut it off, have averagely you monthly expensive aside when you receive your salary and the rest you can hold in Bitcoin, furthermore investment doesn't mean you should drown if any circumstances when your Bitcoin can avail for you.
I also plan to have my salary paid in Bitcoin when even I get employed, don't know if employers are all cooperating with Bitcoin as a form of salary payments.

[GeorgeJohn]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Op, your ambition is very perfect to my liking but the problem is that, at least before you turn your salary into bitcoin investment which is cryptocurrency investment also, you have to understand the Genesis or the concept of bitcoin, accepting payment via bitcoin is good but the problem towards it is that do you have the primary knowledge of Cryptocurrency.

[verita1]

Hi, OP. From your phrase "I want to receive my salary in bitcoins".
If you receive your salary in bitcoin it could be positive.
I witness that 100% bitcoin works, and other altcoins in my case I received FRM for promoting the project, I invested in it in a staking program, I obtained a return of 30%, then I bought ETH, and earned AVAX promoting the network.
I spent bitcoin because it was the only thing I had with my jobs, in a difficult year for many in the middle of a pandemic.
My case is described like this: I live in Venezuela in a country with hyperinflation where my only income is bitcoin and some altcoins that I earn promoting some projects.
In the past year I spent bitcoin, ETH, and FRM to support my family. I still invest in bitcoin and other altcoins for a short, medium and long term investment, I only buy my local currency to pay my bills.
Right now I can say that my salary is 50% bitcoin and 50% AVAX and I spend AVAX to pay my bills because I am waiting for the big bitcoin moment, I honestly do not want to lose it.

[lalabotax]

Does it mean your company pays you in Bitcoin?
If not, it is difficult enough because they may not know about Bitcoin.
You should also know and understand the rate of payment in Bitcoin, will it depend on the current rate or not.
YOu must also know the regulation of Bitcoin itself in your country, whether it is legal or not, especially as a currency or payment
Have you known about the wallet you are going to use? Have you known about crypto previously?
You must also understand this, be smart, and also careful, there are many scams and fake transactions so far.

[kawetsriyanto]

Primary currency means that we use the currency primarily, for daily needs and also for everything that e need to spend.
The question is, is it available in your country?
And is Bitcoin really used as payment of salary in your country, especially the company?

If you nat to hold your 80% salary in Bitcoin investment, you may need other income for your daily needs and others. Actually, you yourself that really knows how much you must spend to fill all your needs and also let some money for free.
And one to remember, you must consider that investment in Bitcoin is promising, but there are also risks. If you really nat to save 80% of your own salary to invest, are you ready with that high risk? if you are ready and you really know about the risks and also profits, just do it, but vice versa.

[traderethereum]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

You can ask your company to pay your salary in bitcoin so you can use it for your investment.
But if your company does not know about bitcoin, the only way you can do it is still receive your salary in fiat money and then you can buy bitcoin through exchanges or another way by depositing the money from your bank.
You need to know how many total expenses are monthly to know how much money is left in your wallet.
After that, you will know how much money you can use to invest in bitcoin.
You can pay off bills using the way you already used because that will not prevent you from investing in bitcoin.

[Shasha80]

Does it mean your company pays you in Bitcoin?
If not, it is difficult enough because they may not know about Bitcoin.
You should also know and understand the rate of payment in Bitcoin, will it depend on the current rate or not.
YOu must also know the regulation of Bitcoin itself in your country, whether it is legal or not, especially as a currency or payment
Have you known about the wallet you are going to use? Have you known about crypto previously?
You must also understand this, be smart, and also careful, there are many scams and fake transactions so far.

We really can't just accept salaries in Bitcoin, because it depends on the company we work for whether they are willing to pay us with Bitcoin.
After that we also really need to know the legality of Bitcoin in our country, is it allowed to use Bitcoin as payment. If it turns out that our company is
not willing to pay us with Bitcoin or our country does not allow it, we can buy Bitcoins on exchanges after receiving a salary. Actually there are many
ways to make part of our salary as an investment in Bitcoin, just learn everything about Bitcoin first. So we will understand the best way to invest
in Bitcoin and how to do it safely.

[Spack17]

There is no way you can get paid in Bitcoin unless your workplace decides to give its workers the opportunity to do so. Not so many companies are eager to pay their workers' salaries in Bitcoin at least for now. But I believe that this can change in the future. More people get to know Bitcoin and its benefits every day. This must result in an incident like this I believe.

[cotton ball]

I think it's still too early to say bitcoin as the main currency, even though there are companies that pay their employees' salaries with bitcoin, but we can't say bitcoin as the main currency, because bitcoin has not been able to replace fiat currency, bitcoin is now very popular, maybe for the future bitcoin can become the main currency, and companies can pay their employees' salaries using bitcoin..

[The Cryptovator]

If there is an opportunity to receive your salary in Bitcoin then you may accept 100% of your salary to avoid any harassment with the company where you are working now. But for your daily need, you may be cash out apart from your salary and the rest would exist as an investment. If I were you then most likely I do the same as I described above. For that, you should have trusted sources where you can sell your earrings easily without any hesitation.

On the other hand, if you are much interested in Bitcoin and you failed to manage your company to pay salary in Bitcoin then just make it simple to buy Bitcoin with cash. Whatever you feel easy just proceed with it, use your brain always instead of depending on others suggestions.

[Fortify]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Who even refers to a company as a private liability company? It's just bizarre and makes me think this is all made up. It is followed up by an equally strange question about salary payments. Why would you not just take your salary and buy Bitcoin with it? I take it your company has no interest in your personal finances and processing payments in cryptocurrency would cause many unnecessary headaches for their accounting. You need to separate your own finances entirely from that of this company, you need a personal bank account (just like your company would have a business bank account) and should use that to cover your own private bills. Stop over complicating the situation.

[MrcMrc]

@fortify that statement of a private liability company also caught my attention, maybe @sonofgeneral does not know what a company is.

Back to the discussion, it will be hard to receive a salary through Bitcoin at this stage because most governments still have anti Bitcoin policy that will not allow companies to fully take advantage of bitcoin, but you can convert your salary to Bitcoin whenever you receive them.

[BlackHatCoiner]

It ain't easy to use Bitcoin as a primary currency in a world where fiat prevails. First and foremost, how do you plan on paying your bills and taxes? Your government does not accept Bitcoin and you'll be forced to convert them to fiat. What to do; accepted rules from the society.

Secondly, how will you live by using a currency which the majority of the people out there are unaware of? Unless you're El Salvadorian, you'll find it tough and aimless to keep trying using Bitcoin as your main currency.

[suryana]

My advice is you better invest after fulfilling your obligations to pay bills. That way you can invest comfortably and if there is more profit than other income results you can invest it. So maybe when there's a bill, it's better not to force investing beyond your capacity. You can invest with focus and comfort without feeling anxious because you haven't closed your bill. Hope this helps.

[Zedpastin]

It ain't easy to use Bitcoin as a primary currency in a world where fiat prevails. First and foremost, how do you plan on paying your bills and taxes? Your government does not accept Bitcoin and you'll be forced to convert them to fiat. What to do; accepted rules from the society.

Secondly, how will you live by using a currency which the majority of the people out there are unaware of? Unless you're El Salvadorian, you'll find it tough and aimless to keep trying using Bitcoin as your main currency.

This is not the problem with Bitcoin because the possibility of paying your bills with btc would come when there are more people using it. Atm the problem we have is Bitcoin's fees are too much when you compare them with fiat and it is hard to convince someone to use Bitcoin which is very hard to understand but also is less cost effective to use. A credit card fee is normally 0% and a bank transfer is around $100 max for sending to another country but within your own country it is normally fee. Bitcoin is cheaper to send to other countries but locally it would cost more this is more true if you are sending small amounts like for coffee.

[BlackHatCoiner]

Atm the problem we have is Bitcoin's fees are too much when you compare them with fiat and it is hard to convince someone to use Bitcoin which is very hard to understand but also is less cost effective to use.

Ever heard of the lightning network?

[Zedpastin]

Atm the problem we have is Bitcoin's fees are too much when you compare them with fiat and it is hard to convince someone to use Bitcoin which is very hard to understand but also is less cost effective to use.

Ever heard of the lightning network?

Yes and although it addresses the problems with transactions fees the lightening network requires extra steps to setup both for the vendor and the person who wants to pay. Atm vendors who want to accept fiat credit cards need a credit card machine. There is no set up you just buy it connect to the internet and then you can start accepting payments. The lightening network requires the vendor to set up their own lightening node and create channels and close them when they need to be closed. The maintenance when you compare it to fiat payments is not worth it for most vendors until Bitcoin becomes more used and popular. Lightening nodes require downloading the whole Blockchain to while credit card payments require nothing. I think Bitcoin is a better currency but this is why we are not seeing more adoption because it is to hard for someone who is not a computer whiz to accept it or use it.

[geegaw]

There is no way you can get paid in Bitcoin unless your workplace decides to give its workers the opportunity to do so. Not so many companies are eager to pay their workers' salaries in Bitcoin at least for now. But I believe that this can change in the future. More people get to know Bitcoin and its benefits every day. This must result in an incident like this I believe.

A few modernist companies play out such rumors about the opportunity to bring bitcoin into paying employees but maybe such a little update is not the result that the entire staff wants because once this proposal went well, employees at such companies bragged about their workplace while now the rumors are pretty much cobwebs and deserted. Perhaps the main currency is still the legal number as well as through the government opinion, bitcoin does not reassure them in their sleep and quite worried about monthly

[ccFOUND]

Sir, you can buy Bitcoins directly on any exchanges where it is available through P2P or credit/debit cards, and it is so quick and hassle-free that you will not even have more than 15-20 minutes of yours spent on this.

About spending 80% on Bitcoins and buying it, we would like to advise you to re-think on your decision because 80% of $1500 is $1200 which is a very handsome value and it could also help you and your family live a successful and happy life. We don't ask you not to invest in crypto and we also appreciate your enthusiasm towards buying Bitcoins at a steady pace, but again we would ask you to only invest what you can afford to lose because crypto is a highly speculative subject and if you think you have understood the risks very carefully and are fine with investing such a big part of your salary, please go ahead.

[Ararbermas]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

no need more time for it mate but at least you have digital wallet in your phone, for me in my opinion trust wallet is the best option mate to hold bitcoin wherein only finger print you can access your wallet immediately if you want to check, and however there's a qr code as well so that you can transfer your salary without hassle.
For me trust wallet is more convenient because it's so easy access unlike other digital wallet, but make sure to put a little time for making backup such the phrase which very important thing so that you can recover your money no matter what happen..

[suboo112123]

Hey guys, What will be happened to the BTC in 2025? I feel that the BTC price will be 130K.. What is your opinion?

[chichigirl]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

In my opinion, I'd rather invest my existing money out of the bills etc. You better paid the bills and have some extra money because there is a high risk in crypto. For me, it is better to invest a portion of yout salary atleast 20-30%.

[oemar bakrie]

You must have details of how much your monthly expenses are, don't let all the salary you receive directly turn into an investment because your salary is also for your daily life..
after knowing your expenses, and the rest you can use for investment but you must really have a target for how long to survive the investment..

[suboo112123]

You must have details of how much your monthly expenses are, don't let all the salary you receive directly turn into an investment because your salary is also for your daily life..
after knowing your expenses, and the rest you can use for investment but you must really have a target for how long to survive the investment..

I completely agreed about what you said.

[glendall]

you can break down your total expenses, with a salary of 15k$ you save 80% of your salary for bitcoin the rest for your living needs
as we know that bitcoin is not official in every country, try to discuss with your boss whether you can accept bitcoin as your payment?
if you can you can keep 80% of your bitcoins in your wallet and the rest you exchange to fiat for your needs
but remember that bitcoin cannot be the main currency if your country does not legalize bitcoin as a legal currency and payment

[AicecreaME]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

IMO, receiving your nearly full salary in bitcoin isn't really a  smart move. You would have a tough time using bitcoin as your primary currency. You would undergo the hassle of converting bitcoin into fiat once you need money to pay for your rent, phone bills, to buy groceries, and other stuff that you need in order to survive. Unless you have a fund allocation that can keep you alive for the rest of the time you will be accepting btc as your salary.

You have to know the pros and cons first before deciding. Weigh the advantages and the disadvantages it offers. You must also know that if you'll accept btc as your salary, there would be times that you will receive more or less depending on the price value of bitcoin in the market. IMO, it's still much better to accept fiat as a salary and then just save it so that the moment bitcoin's price goes down, you can buy more with your money at hand. Or you can also opt to receive a portion of your salary in btc. Let's say 20% of it. So that you still have money to spend on the things you need and you have an investment at the same time. This is just my opinion. Do what you think suits you best. I believe you know your spending and saving habits more than anyone else in this forum.

[Kusman]

There is no meaning in keeping 80% of your salary in Bitcoin to be honest. You are not going to be able to pay your bills and you won't be able to buy many things you buy with fiat normally. Bitcoin is not in that stage yet. It is not preferred as a payment method in nearly all places. And it would be a very risky move also. Because if Bitcoin price decreases sharply, your investment will be worth much less than before. Do you believe that you can make up for it in some way?

[hannahB4]

Firstly is a good thing to know that you work in a country and company which pays the staffs in bitcoin as this is less stress for you, but I want to ask you what is your main purpose of collecting the money in bitcoin because you getting your money in bitcoin and still taking about getting your needs with this same coin.

[celot]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

If that 's what you expect . Maybe you should look for alternative money by working side jobs to cover your billing needs . So you can still invest the results of your main work into bitcoin..But this is not easy, it takes extra hard work and takes your rest time. What you worry about is that you will be depressed because of your own ambition. It may be better if you invest within your means after you fulfill your obligation to pay bills. It is better.

[Tessnik]

You can’t depend on bitcoin 100% as you still need to exchange into other currency at some point, bitcoin as a primary currency may not be possible but as a secondary currency and as an alternative to your fiat currency. You will run into trouble if you choose bitcoin as your primary currency. This is because Bitcoin is not an acceptable currency to the public.

[zanezane]

You can’t depend on bitcoin 100% as you still need to exchange into other currency at some point, bitcoin as a primary currency may not be possible but as a secondary currency and as an alternative to your fiat currency. You will run into trouble if you choose bitcoin as your primary currency. This is because Bitcoin is not an acceptable currency to the public.

If the country has bitcoin as a legal tender like El Salvador then probably I can say that you're wrong but given that it's not the likely case then probably you're right but bitcoin has been used like a currency already.

[bitbunnny]

Many have tried to base their living and daily expenses only on Bitcoin but on long term that is extremely hard. Depending only on Bitcoin gives you uncertainty and if you have a family it's not very wise not to have some other income in fiat currency. Bitcoin is excellent to be combined as an additional income source and additional savings but personally I'm not brave enough to rely only on Bitcoin.

[kryptoseeker]

To make bitcoin a primary currency there will be big hurdles. The first thing is government should regulate the crypto market (The bad thing about this is crypto should be decentralized and it shouldn't regulate by the centralized party). The second thing is even bitcoin gets legal in a country there will be very little chance people will use bitcoin as a mode of traction because of its facultative price.https://kryptoseeker.com/

[michellee]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

My suggestion is to receive your salary in fiat money and then you can deposit 80% of your salary to the exchange so you can directly buy bitcoin and send it into other wallets. That is the only way for you to hold the bitcoin you buy at the exchanges unless your company agrees to pay you in bitcoin so you do not have to be involved with the exchanges. Maybe you can discuss with your supervisor or your boss and tell them what you want and hopefully, they can understand and accept your request.

[kanayaTabitha]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

If you leave alone and all you have to fund monthly is yourself, i think it's okay to do it or you can buy some more altcoins to spread your investment because that's what usually cryptocurrency investors do.
Yeah many people advicing not to do it because 80% is too much, but for me , if we're already able to live our life normally with that 20%. It's okay to take the risk as we live only once in this world 

[pawanjain]

If you have a day job and you want to vet the salary in bitcoin then you can contact the finance department and request them to send your salary in bitcoin.
Most probably they will deny because most companies do not have such policies to give out salaries in bitcoin.
In this case the only option you have left is to buy bitcoins on your salary day and hold them in a non custodial wallet.
If you have time to do some side hustle then there are many platforms on the internet where you can do online work and get paid in bitcoin.
You can explore the services board and find things on the marketplace board if you think you can trade them and make profits.
There are websites like fiverr and upwork where you can do online jobs and ask the clients to pay in bitcoin.
Many people do such jobs as a side hustle.

[eaLiTy]

~
no need more time for it mate but at least you have digital wallet in your phone, for me in my opinion trust wallet is the best option mate to hold bitcoin wherein only finger print you can access your wallet immediately if you want to check, and however there's a qr code as well so that you can transfer your salary without hassle.

He is not even asking about ways to store his coins, instead he is asking whether it is a wise idea to receive his salary in BTCitcoin and confused on how to go about things on a daily basis .

Many have tried to base their living and daily expenses only on Bitcoin but on long term that is extremely hard. Depending only on Bitcoin gives you uncertainty and if you have a family it's not very wise not to have some other income in fiat currency. Bitcoin is excellent to be combined as an additional income source and additional savings but personally I'm not brave enough to rely only on Bitcoin.

If someone tried to base their life on a highly volatile asset, what can we call them  . There were many who sold their belongings and entered the BTCitcoin market and many reaped their profit taking that risk. No one in the right sense will invest in a highly volatile market and expect that to be a savings fund. Consider this as an asset class which has its risk and like any other investment the entry is important and having the patience is vital in becoming successful in the market.

[kenskie]

Don't prioritize bitcoin over your daily needs. Just set aside at least 30-40%(maximum) of your salary depends on your needs. One step at a time, no need to hurry things up. And also timing, buy low and sell high. If you want to be a trader and investor, no need to hurry things up. Well good luck.

[bitzizzix]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

The question is whether all companies pay employee salaries with bitcoin, is bitcoin in your country legal and can be used as legal tender?
and if all of that is true why are you confused, you can use bitcoin as a means of payment to meet your needs and bills, and the rest for you to invest, and you should not limit your investment and do it after meeting all your needs.
and if you receive your salary in bitcoin and can't for any transactions, it's better to receive your salary in fiat, and you can divide it without confusion.

I personally prefer bitcoin as my future asset as well as my reserve fund and will not use it for any transactions, unless I really need it and only sell it as needed.

[zulfi125]

I think you can accept 80% of your salary in Bitcoin and the remaining 20% in your local currency but before accepting this value you should calculate your needs and then can decide, you can also receive 100% in Bitcoin and can exchange any time through P2P2 in exchanges and can get your required amount in your bank account for your expense.

[Rana590]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

$1500 is a good amount for per month. You can discuss with your payer that you want to take your salary by Bitcoin. If they reject it, you can convert your fiat crypto currency to Bitcoin and then you'll be able to save your desire amount of Bitcoin. Bitcoin is leading the market and you have taken it a great decision about buying Bitcoin.

[jossiel]

If the company has this option, talk to them and grab the opportunity of getting paid in bitcoin with your salary.

But if there's none, you have to do it alone and convert each payment you make. You look for the exchange in your country that you can freely convert it immediately as you will.

[Slow death]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly

you already receive wages on fiat and you earn well, i imagine that every month your wages enter your bank account and are deducted for life and health insurance. and you can easily pay your expenses and then take the remaining money and buy bitcoin, so why do you want to receive your salary in bitcoin? does not make sense

what do you advise I do in other to hold at least 80% of my salary in bitcoin?

 

pay your bills with fiat and then take what's left and buy bitcoin, it's simple

[Davidvictorson]

Firstly, you cannot use Bitcoin as your primary or sole currency, it would make it impossible for you to buy most of your daily needs, or you'd have to go through the stress of converting to fiat back and forth. Having said that, receiving your salary in Bitcoin is not really advisable, its a good currency/investment, but it's as well very volatile, and is yet to attain mainstream adoption, thus it's much better you receive your salary in your fiat currency, and then use the percentage you want to buy Bitcoin for investment purpose.

Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Isn't holding 80% of your salary in Bitcoin investing far more than you can afford to lose? Mind you that your investment should be something you can afford to lose.

Very valid points made here. Never invest money that you can’t afford to lose, is the first and most crucial rule. And unless you live in El Salvador, bitcoin can’t be used as your primary currency.

[Assface16678]

If there isn't any sort of bitcoin service that you can use in your country for paying bills, then you're out of luck. You can simply do what most bitcoin-only people do though; sell a bit of bitcoin each month solely for your bills.

Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Use your salary to buy bitcoin after every paycheck, and leave some fiat for your bills. It's that simple.

True, you must think of the bills if you do have. Always reserve for fiat in case of emergency and use your salary for buying not directly in bitcoin. By that you can maximize whether you want to use it for now or save it for later.

[ILuckyGuyI]

I don't advise you to do anything about it because there is no meaning in keeping 80% of your salary in Bitcoin. You cannot buy or pay everything with Bitcoin now. For example, you will have to convert some of your coins to fiat money to be able to pay your bills. And when it comes to buying the needs for your home, you will need fiat money nearly everywhere. Bitcoin payment method is still not so common. So, I would advise you to make an investment into Bitcoin of course but not to keep most of your salary in it.

[Pom_bensin]

actually it doesn't matter if the payment is 100% using bitcoin because there is the simplest way you can buy and sell bitcoin by yourself and put a few percent into money to meet your needs. I think this is the best and easiest to do

[carrigan]

Making Bitcoin the main currency in my opinion is not right. Many still prohibit the use of Bitcoin as a transaction tool because Bitcoin is very volatile, if you exchange all of your salary with Bitcoin in my opinion, it is an inappropriate decision because you will have difficulty making ends meet. It's good that the money used as a Bitcoin investment is not primary money but the excess of your salary so that your basic needs will be met first and you can also get additional income from the money that is used as a Bitcoin investment.

[jakdanyel]

I think that you don't need to get paid in Bitcoin like this. As long as Bitcoin is not the legal tender in your country, there is no need to get paid like this. Because you aren't going to be able to do everything you would like with your Bitcoin. But maybe you want this to make an investment into Bitcoin directly. I understand it but you can already get paid in fiat and buy Bitcoin with whatever amount of money you would like.

[Ngewex Yuk]

Bitcoin marketcap continues to increase and will soon reach $ 1 trillion, with a very large market cap like now of course more and more countries are taking into account the power of bitcoin, I hope one day bitcoin can become a global currency that can be accepted throughout the world.

[LogitechMouse]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

Accept your salary in Bitcoin, budget it and you're done.
When I say budget, I mean put a percentage of it into holdings and another percentage into bills (you convert it into your own currency and then you will use it to pay bills) etc.

You want to hold at least 80% of your salary in Bitcoin. You have 2 options. If you're company that you are working wants you to pay into Bitcoin then hold all of it and on the other hand, find a side hustle that will help you pay your monthly bills and expenses. Another option is when your company didn't want you to be paid in Bitcoin then you must convert your salary into Bitcoin, all of it and then find another side hustle that will help you pay your bills .

Now to answer your question whether Bitcoin will be used as a primary currency, that will not happen. People will prefer to pay using fiat than Bitcoin. Not all of the people in the world have access to Bitcoin or crypto in general but all of the people have access to paper money like fiat currency.

[bitterguy28]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

don't play stupid here mate, don't make us problematic about your own case, why not just invest in bitcoin the amount excess from your monthly expenses then the problem is solved?

remember the greatest advice here, Invest only the amount you can afford to lose.

with this just invest 50% of your salary and invest the remaining 50% or find other extra job to cover your expenses so you can put that 100% in investing.

[cotton ball]

Making Bitcoin the main currency in my opinion is not right. Many still prohibit the use of Bitcoin as a transaction tool because Bitcoin is very volatile, if you exchange all of your salary with Bitcoin in my opinion, it is an inappropriate decision because you will have difficulty making ends meet. It's good that the money used as a Bitcoin investment is not primary money but the excess of your salary so that your basic needs will be met first and you can also get additional income from the money that is used as a Bitcoin investment.

true as you said, if we accept all bitcoins in our salary payments, of course we will find it difficult to manage our needs, because bitcoin has not been fully accepted, either by companies or the government, in my opinion it is very difficult to make bitcoin the main currency ,because we can't compete with the government in terms of currency,, make bitcoin a tool for success in the future..

[ChiBitCTy]

As a financial advisor I would caution you to do such a thing.  You want to make sure that you've got enough of a portfolio already put in place to where if bitcoin were to absolutely crash, that you wouldn't be in financial trouble.  Is that the case for you?  I would never recommend anyone take their full salary in bitcoin, however that being said I don't see any harm in taking a small % of it in bitcoin.

[blckhawk]

this idea is good but, i think it will not be possible, because bitcoin's price is dependent on the price of US dollars so if the value of US dollars starts to go down then the value of bitcoin will go down as well. and you can't make bitcoin the primary currency because not all people have access to bitcoin especially those people living in third world countries.

[taufik123]

You should never make bitcoin your primary currency because our world is not yet ready for it, there are still a lot of people who don't have knowledge in the crypto industry and besides, you cannot use your bitcoin to buy necessary things unless the store is open to it but mostly it is not. Invest only the excess amount of your monthly salary, 80% is really huge and I wonder if you have other sources of income to sustain you needs in a month.

Actually, it is not the main currency, but as a valid optional currency. However, many countries still have not legalized it, the regulations in each country are different.
The OP seems to be a newbie who is new to bitcoin. No one accepts bitcoin as payment for work in private companies, it is still very risky due to the volatile bitcoin price. it is better to receive a salary in FIAT and part of it to invest in bitcoin, it will be better.

[xSkylarx]

You should never make bitcoin your primary currency because our world is not yet ready for it, there are still a lot of people who don't have knowledge in the crypto industry and besides, you cannot use your bitcoin to buy necessary things unless the store is open to it but mostly it is not. Invest only the excess amount of your monthly salary, 80% is really huge and I wonder if you have other sources of income to sustain you needs in a month.

This is something I agree with. It is not a matter of being prepared, but of having internet access throughout the country and of all of us being computer literate. For the time being, it is still not possible to find a store that accepts bitcoin as payment, making it extremely difficult to find one. However, if you live in El Salvador, I believe there will be many stores that accept bitcoin as payment because the currency was recently legalized in the country.

[jakasantosa]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

I think you know better what to do. To keep your salary at 80% from $1500 per month. You could say you will only use $ 300 for the necessities of life for 1 month. And if the average per day you only use $ 10. I think that's not enough.

For advice, use these 20% funds for trading coins in a short time so that you can increase your money

[Rengga Jati]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

This will happen only if:
- Your company pays you in Bitcoin
- Bitcoin is legal in your country as a currency and also payment method
And those basic two have been there, you can start to learn about the basics of Bitcoin at first, the wallet and also the storage that you can use for good security and also with low fee transaction.
And, are there many shops or merchants that also accept Bitcoin in your area? If that's so, that will be no problem with using Bitcoin as a currency.

However, if you meant that your salary is in fiat and you are going to hold your money and convert it to Bitcoin, you can find a trusted and reputable exchange in your country to buy some Bitcoin and save them in your hardware wallet. Because you are willing to use it for holding, I suggest you use a hardware wallet for better security. But if there is not yet good exchanges, you can choose trusted and reputable global exchange such as Binance.

I think you know better what to do. To keep your salary at 80% from $1500 per month. You could say you will only use $ 300 for the necessities of life for 1 month. And if the average per day you only use $ 10. I think that's not enough.

For advice, use these 20% funds for trading coins in a short time so that you can increase your money

Maybe he has known the risks and saving 80% is actually high enough, except he doesn't need much money for his daily life so far. They can do it and it will also depend on how much or how high spendable necessities in his country.
About using some for trading, I am not sure about it, moreover if he is new. It will be very risky. Moreover, if he doesn't have enough time to learn, he can be in FOMO later.

[tygeade]

First of all, have you discussed this with your company and know whether they will be able to pay you with Bitcoin or not? If your company will be able to pay you with Bitcoin then no problem, and if not then you can still receive your $1500 salary and invest in Bitcoin the amount you would like to invest or maybe invest all if you want to. Now if they are going to be paying you direct with Bitcoin, damn if you would be able to save up the fees that you would have had to pay when you are buying it yourself, although the fees are not much.

But, I think you shouldn’t have all your salary paid as Bitcoin or invested in Bitcoin, the reason why I’m saying this is because there are times you’re also going to need Fiat to make other necessary payments. So, you have to calculate yourself ,if possible you can continue to receive your money from them as Fiat, and then after you have received the payment you can then invest the amount that you want, maybe 50% into Bitcoin while you keep the rest as Fiat that you will be using for other things.

[Sanugarid]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

You cant use BTC as a primary currency unless your country legalized BTC, so receiving BTC instead of a legal currency is possible but I dont really know the situation of cryptocurrency in your country so I can really tell. Anyways,investing in BTC isn't really a bad thing but you should have saved only a small percentage of your salary for investment in cryptocurrency so I think 80% allocation of your salary would be in BTC is a bit too much. How about having an emergency fund? just in case something bad happened and you need urgent money then your funds for BTC won't be affected.

[Taskford]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

You cant use BTC as a primary currency unless your country legalized BTC, so receiving BTC instead of a legal currency is possible but I dont really know the situation of cryptocurrency in your country so I can really tell. Anyways,investing in BTC isn't really a bad thing but you should have saved only a small percentage of your salary for investment in cryptocurrency so I think 80% allocation of your salary would be in BTC is a bit too much. How about having an emergency fund? just in case something bad happened and you need urgent money then your funds for BTC won't be affected.

Right, because at the end of the day we still need to exchange our BTC to fiat before buying something that's why we cannot make it as primary currency since this is not supported yet by most of the country only El Salvador is the one who do this but they still make USD as their main currency and bitcoin is option only. But we shouldn't lose hope as this adoption is started by on country maybe in future another announcement came that they will also make it as their legal tender but let see which country will adopt next.

[uneps]

El Salvador legalizes bitcoin as a legal tender. The country is the first and only one in the world to do so. El Salvador's decision is a breath of fresh air for supporters of the crypto currency, aka cryptocurrency. The last month the price of bitcoin continued to decline after the founder of the electric car company Tesla, Elon Musk, announced that he would not use it as a means of payment. I think this fresh wind will be promising for bitcoin itself.

[Shenzou]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

I mean it all depends on how are you going to be using your salary and what are your daily expenses and also on where you live, because if you accept your salary in bitcoin and your country or the place where you live you are unable to buy for example groceries or pay for bills with it or there are a few but they might inconveniently far from you that you would struggle in that case, i feel like bitcoin being used as a primary store of value for your whole salary is not a good idea since it is not yet implemented into our culture so we cannot go about using it at any time anywhere.

[Liamttw]

If bitcoin is legal in your country, you can use Bitcoin as the main currency. Otherwise, accepting bitcoin as the full salary is not a wise choice.
Although bitcoin is a very profitable asset, its price is unstable and volatile, and carries certain risks. Therefore, it is necessary to allocate funds reasonably, use part of the funds other than the funds needed in daily life for bitcoin investment and hold it for a long time, which can not only meet the daily life, but also make profits by investing in bitcoin.

[Stalker22]

~

Right, because at the end of the day we still need to exchange our BTC to fiat before buying something that's why we cannot make it as primary currency since this is not supported yet by most of the country only El Salvador is the one who do this but they still make USD as their main currency and bitcoin is option only. But we shouldn't lose hope as this adoption is started by on country maybe in future another announcement came that they will also make it as their legal tender but let see which country will adopt next.

This statement is not true. There are already a number of web stores around the world accepting payments in cryptocurrency and that goes for physical stores as well. You can buy anything online in Bitcoin. There are even stores that offer discounts in Bitcoin. Therefore, to say that only El Salvador accepts bitcoin is incorrect.

[Dilladupak]

Your choice to receive payments in Bitcoin is a good decision, you can make your payments as long-term or short-term investments. But if your country doesn't accept Bitcoin as the main currency, of course you can't use Bitcoin as a tool to pay your bills. 
Actually it's not that difficult, because you can sell your Bitcoin and exchange it for Fiat and then use it to pay bills and shop for your daily needs. 
Bitcoin does provide great benefits for each holder, so more and more people want to have it, whether it's from buying it themselves or from their work salary.

[marilynmanson21]

I think you are too quick to make a decision to take your salary payment with bitcoin, if your country has not legalized bitcoin can be a currency / means of payment.
I guess you can receive your salary with fiat and you buy bitcoins after you settle your bill,

[Rajamuda]

I think you are too quick to make a decision to take your salary payment with bitcoin, if your country has not legalized bitcoin can be a currency / means of payment.
I guess you can receive your salary with fiat and you buy bitcoins after you settle your bill,

Basically, it's better to make a safer decision, after all we really have to think twice when the country hasn't really legalized Bitcoin as a means of payment. After all, will not lose when you receive payments with fiat, and can even provide more opportunities to get other benefits when entering/buying Bitcoin and investing in Bitcoin, and cover the necessities of life or another thing.

[MrcMrc]

One can not coin without having to rely on paper money, for bitcoin to be used for everyday financial transactions it first needs to be exchanged into other central currencies.

[Alisha FR]

I don't think holding 80% of your salary in bitcoin is a good move.
Considering your daily needs and how to go about getting them met.

I think what you should do is get your salary in whatever currency you use and invest a reasonable amount in bitcoin. Start small, risk little.
Bitcoin should not be your primary currency, at least for now.

At least do the steps as you say. Daily necessities are more important than making large investments that exceed 50% of salary. 80% is a big number at any time there may be an urgent need so have to make a decision to sell it when the market is still experiencing a decline, this is a big risk. So the importance of diversification before deciding to invest.

[romero121]

Right now El Salvador have taken the big step and has succeeded in it, though it has got opposition, riots, strikes. The growth of El Salvador will be watch by the rest of the world which are with the fear to take such a step forward. At present usage of bitcoin as an alternate currency and as a form of investment is found among the public. This perspective will change only if the people get easy access to different services using bitcoin. Maybe this can take some time period.

[TelolettOm]

Money management is the key if you are willing to hold that 80% of your salary to Bitcoin. You should know what necessity you need to spend monthly and how much you must spend monthly. If you think that that 20% amount of salary is enough for your monthly necessity, it is okay to invest that 80% in Bitcoin.
But then the questions are:
- Are you ready with the risks?
- Will you use that investment this year or how many years you will invest?
- What is about your side income? Sometimes, we need spare money in order to cover whatever we spend suddenly.

[adzino]

You sure your "company" can pay you in bitcoin? I don't think they would be willing to do so. What you can do is receive your wages/payments as usual. Then invest half (or as much as you can) in bitcoin and keep the rest so you can use it to pay your rents and bills. Don't go all in on bitcoin. It will be really hard for you to pay your rent or other expenditure since I doubt bitcoin is a legal tender in your country. Another reason why accepting bitcoin as a payment is a risk is because of the volatility. What you receive today might end up being half after few days.

[Caldear]

Although Bitcoin is a very profitable currency, its price fluctuates to a certain degree. It is unwise to pay all wages in Bitcoin.
Some countries do not accept Bitcoin as payment, so legal currency must be reserved to meet daily needs and other emergency expenses. Choosing to accept a small amount of Bitcoin for long-term holding and increase the number regularly will eventually get good returns.

[Maeve@]

Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

If you are new to Bitcoin, you should first learn how to buy Bitcoin, otherwise you will not sell Bitcoin if you hold it, and cause losses. First understand the most basic method and be responsible for your investment!

[Wildwest]

If your salary is paid using bitcoin then it will be difficult to use for daily needs, then you have to complain to your boss so that the payment used for bitcoin is only 70% and the rest use fiat money in order to pay for other purposes,and do not fully invest in bitcoin because the price is volatile so you are not comfortable in saving your salary, But if you believe in investing long-term then you will get a big profit.

[Turbolinea]

I don't know if it is really necessary for you to get paid in Bitcoin. But actually, you don't have to do this. You won't be able to do many things with Bitcoin in the end. For example, you won't be able to pay your bills unless your government accepts Bitcoin. You will only be able use it in the places where it is accepted and as an investment tool. You can already buy Bitcoin for these things.

[molsewid]

If your salary is paid using bitcoin then it will be difficult to use for daily needs, then you have to complain to your boss so that the payment used for bitcoin is only 70% and the rest use fiat money in order to pay for other purposes,and do not fully invest in bitcoin because the price is volatile so you are not comfortable in saving your salary, But if you believe in investing long-term then you will get a big profit.

It's not just difficult to convert bitcoin into fiat with the possible high gas fees but also the price of bitcoin was not stable and let say even the company give you bitcoin as your salary from time to time the value or the number of bitcoin that you would be receive is not also fix. Bitcoin is worth it to invest with especially in a long term investment but considering that this is going to become a salary instead of fiat is somewhat difficult. I mean there's nothing wrong with the idea but the volatility of the market should be considered.

[Easteregg69]

Which reminds me Martin bought a gramophone with no pick up. I can relate that to anything.

See if your favorite frontend goes missing.

[RILWAN]

If your salary is paid using bitcoin then it will be difficult to use for daily needs, then you have to complain to your boss so that the payment used for bitcoin is only 70% and the rest use fiat money in order to pay for other purposes,and do not fully invest in bitcoin because the price is volatile so you are not comfortable in saving your salary, But if you believe in investing long-term then you will get a big profit.

So hard how many aspects of our lives depend on the traditional financial system. If only we can pay for a glossary using Bitcoin, we will come to that point, but it's going to take a long time for that to happen.

[savetheFORUM]

Although Bitcoin is a very profitable currency, its price fluctuates to a certain degree. It is unwise to pay all wages in Bitcoin.
Some countries do not accept Bitcoin as payment, so legal currency must be reserved to meet daily needs and other emergency expenses. Choosing to accept a small amount of Bitcoin for long-term holding and increase the number regularly will eventually get good returns.

Bitcoin is good for many but still we need some very long and good work for its primary use because currently we can't do this all in many countries it's not available and if available then we have some other factors as well as price change transaction speed its fees. Primary use is not easy because we have many peoples already try in this way, but it's not work for them, It's very hard and have many difficulties even you have legal framework but still right now it's not easy to live this as primary use case.

[smartbitcoininvestor]

One option you can take is to obtain a crypto debit card such as the Binance card and use that to spend your money in-store or anywhere on the Internet.

If most of your portfolio consists of BTC then I would consider rebalancing your portfolio from time to time.  

[Ryder Kudrow]

Bitcoin is a very valuable currency, which provides many benefits for investors and holders. However, the policies of each country are different. If the country does not support the use of bitcoin, receiving all of the bitcoin as a salary will have great difficulties and troubles for daily consumption. And Bitcoin price fluctuations also bring certain risks.

[Cindella]

Bitcoin should not be used as the main currency. Its price fluctuates and is unstable, and accepting most bitcoins as wages is risky.

It is safer to use fiat currency as a salary. It can be used to pay for daily consumption and emergency funds, and it can also invest in cryptocurrency to make profits.

[Sir Legend]

Bitcoin is a very valuable currency, which provides many benefits for investors and holders. However, the policies of each country are different. If the country does not support the use of bitcoin, receiving all of the bitcoin as a salary will have great difficulties and troubles for daily consumption. And Bitcoin price fluctuations also bring certain risks.

Bitcoin and cryptocurrencies are very risky, not suitable for those who have minimal finances, not all investors who have ever invested in bitcoin profit, even more leave bitcoin because they are losing money, for profit in bitcoin of course many factors influence and patience to wait is the most important thing for profit.