Bitcoin as primary currency

[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.