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Author Topic: Bitcoin as primary currency  (Read 702 times)
RILWAN
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September 24, 2021, 04:47:15 PM
 #101

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.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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savetheFORUM
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September 24, 2021, 06:38:24 PM
 #102

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
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September 24, 2021, 07:40:06 PM
 #103

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.  Cool
Ryder Kudrow
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September 26, 2021, 07:49:56 AM
 #104

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
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September 27, 2021, 07:20:21 AM
 #105


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.
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September 27, 2021, 09:35:27 AM
 #106

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.
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