How to use Bitcoin or crypto?

[WillyAp]

Some people like to be single minded and wish to just be paid in BTC. That is highly impractical IMHO.

We use it as it comes, we get paid in Bitcoin, Litecoin, USDT all currencies which are most favoured by clients.

The trick is to remember the price you received those highly fluctuational coins.
Say you received 0.03 BTC (720 ish today 08.19.23) for some work at 25500? Well, once you need FIAT you can just sell the 0.03 at plus 25500. 

When working it's recommended to have more than one currency, even when living in the States it can be to your advantage knowing how to handle your finances. Bitcoin can not correct your bleeding spending  urges.

Our income is set in 90% FIAT, Most companies prefer Bank transfers, I prefer Litecoin, take also other coins especially when transfer times and fees are not that huge. 

I wouldn't mind making more in Bitcoin, So if someone needs some webservices go ahead and get in touch  

[AbuBhakar]

The trick is to remember the price you received those highly fluctuational coins.
Say you received 0.03 BTC (720 ish today 08.19.23) for some work at 25500? Well, once you need FIAT you can just sell the 0.03 at plus 25500. 

Bitcoin wallets already have the equivalent fiat value of your Bitcoin which means you don’t need to remember the price that you received payment if you knew how much in fiat  you received for your service.

The price of Bitcoin doesn’t matter if you really need Fiat because you can’t control when will the price of Bitcoin will go near or above the price when you receive your Bitcoin. This is the price of using Bitcoin to receive payment, You can earn more or less once you convert your Bitcoin to fiat when you already need it.

[WillyAp]

Bitcoin wallets already have the equivalent fiat value of your Bitcoin which means you don’t need to remember the price that you received payment if you knew how much in fiat  you received for your service.

Yes but that price changes every time bitcoin goes up or down.
Therefore remembering is not that bad

[BIT-BENDER]

You making it's complicated than it should be , before a company pays you in crypto-currency you and them should have reached an agreement concerning that and they must have told you that they do accept Bitcoin or any other crypto-currency as a means of exchange aside that there is an even more concrete way and that is getting your pay in what ever means they offer you and going to buy Bitcoin or the currency of your choice

[SatoPrincess]

Some people like to be single minded and wish to just be paid in BTC. That is highly impractical IMHO.

We use it as it comes, we get paid in Bitcoin, Litecoin, USDT all currencies which are most favoured by clients.

If you receive salary in bitcoin or any cryptocurrency, I think the best option is to have an agreement based on usd value for your work. For example instead of asking for 0.1bitcoin per month you could negotiate for $3000 worth of bitcoins/month, this way you don’t have to worry about the market fluctuations. All this is pointless if you’re just going to sell all the bitcoins for usd.

I wouldn't mind making more in Bitcoin, So if someone needs some webservices go ahead and get in touch  

It will be easier to get jobs if you post your portfolio in services board.

[The Cryptovator]

Regrettably, I'm quite puzzled by the message you're trying to convey. Despite using a translator for my native language, I'm still unable to grasp its meaning. Let's imagine that you're interested in receiving cryptocurrency as payment, not just limited to Bitcoin. You have a preference for other coins over Bitcoin due to transaction delays and fees. Particularly, you favor Litecoin. However, the party making the payment must also have an inclination towards Litecoin; otherwise, you won't be able to receive your preferred form of payment. The decision of whether to sell or hold onto the received crypto is entirely up to you.

[Stalker22]

Yes but that price changes every time bitcoin goes up or down.
Therefore remembering is not that bad

But you don't have to keep track of the price for every bitcoin payment you got. Just calculate the average purchase price after each payment. This way, you will always know if you are selling below or above what you paid.

I wouldn't mind making more in Bitcoin, So if someone needs some webservices go ahead and get in touch  

Do you have a dedicated topic for your services or perhaps a portfolio?

[WillyAp]

Well an excel could do the trick.

But you don't have to keep track of the price for every bitcoin payment you got. Just calculate the average purchase price after each payment. This way, you will always know if you are selling below or above what you paid.

Do you have a dedicated topic for your services or perhaps a portfolio?

Once I get a member title sure. Just saw that I am now a member, so no excuse,:) 
Portfolio I have. in the spanish section there is an offer and an english offer is planned too.

It will be easier to get jobs if you post your portfolio in services board.

Yeap its planned to do so in english too, in spanish there is an offer in the spanish board.

Explainer: I don't get salaries, I get paid for services

[ImThour]

I mean, I do get paid in Bitcoin for services however I find it better to convert it to USD right away. For those days where I wanted to buy Bitcoin and DCA, I simply but it from the converted USDT. I do not like to keep it in Bitcoin, if we talk about a pay. It's just one more layer of step to be done and I don't think so this should be widely accepted by any company to pay their employees in Crypto. For now, let's just keep it going with Fiat or USDT.

[PX-Z]

Yes but that price changes every time bitcoin goes up or down.
Therefore remembering is not that bad

It's okay if you just receives once or twice a week but receiving bitcoin regularly, remembering its value every time you receive is out of pointless.

[TimeTeller]

I mean, I do get paid in Bitcoin for services however I find it better to convert it to USD right away. For those days where I wanted to buy Bitcoin and DCA, I simply but it from the converted USDT. I do not like to keep it in Bitcoin, if we talk about a pay. It's just one more layer of step to be done and I don't think so this should be widely accepted by any company to pay their employees in Crypto. For now, let's just keep it going with Fiat or USDT.

That's helpful if you don't want to remember if you are on the losing or gaining side, convert your crypto to USDT.
The adoption will highly depend if the employees in general are agreeing to this initiative.
Otherwise, they will stick to their traditional means of payment method and not bother about crypto.
But the company can always create an option, depending on their stance on this market.

[noorman0]

-snip-
The trick is to remember the price you received those highly fluctuational coins.
Say you received 0.03 BTC (720 ish today 08.19.23) for some work at 25500? Well, once you need FIAT you can just sell the 0.03 at plus 25500. 

It's just an expectation, bitcoin can move lower. On the other hand, if you want to see that receiving a bitcoin is a profit, then don't use bitcoin salaries on a more frequent basis so you can convert to fiat when its profitable only.

-snip-
When working it's recommended to have more than one currency, even when living in the States it can be to your advantage knowing how to handle your finances. Bitcoin can not correct your bleeding spending  urges.

I don't see any significant gain if it's just a collection of stable currencies. If you mean diversification into cryptocurrencies, you are somewhat right with the condition of workers where the average expenditure is only a few percent of the average salary lets say 40%.

[Despairo]

1 BTC = 1 BTC, no need to think how much exactly you getting paid at that time.

If you're want to make profit of BTC/USD pair, then there's nothing wrong, but if you get paid 0.03 BTC, you must think it's still 0.03 BTC in the next month, year etc as long as you didn't spend it. If you not trust Bitcoin, you can convert your BTC immediately to fiat when you get paid or vice versa.

[Lucius]

~snip~
Our income is set in 90% FIAT, Most companies prefer Bank transfers, I prefer Litecoin, take also other coins especially when transfer times and fees are not that huge. 

If you work with companies, then you have to accept that FIAT is a standard that was set a long time ago, but that doesn't mean that some companies won't accept alternatives like Bitcoin. If you provide services on this forum, then I guess 90% of your income will be in BTC or altcoins, so it all depends on where you offer your services.

As for fees, it's rare that on-chain fees for Bitcoin are higher than usual, but if it's not about microtransactions, then no one should have a problem paying a few $ for a transaction that has a value of a few hundred $. Alternatives can always be some altcoins, even those that have a 0% fee - although one should not lose sight of the security of such transactions when it comes to the number of confirmations on the network. For Bitcoin, 1 confirmation is usually enough, while for most altcoins, this number increases significantly.

[Bureau]

You making it's complicated than it should be , before a company pays you in crypto-currency you and them should have reached an agreement concerning that and they must have told you that they do accept Bitcoin or any other crypto-currency as a means of exchange aside that there is an even more concrete way and that is getting your pay in what ever means they offer you and going to buy Bitcoin or the currency of your choice

Generally if you want to get paid in Bitcoin or I. Any other crypto an agreement is made on a fixed fiat value. For example if the fiat value agreed is $50 then the equivalent value Satoshi value would be paid regardless of the fluctuating Bitcoin price. The same condition applies for other crypto. It is not that complicated as the OP made it look like. There is zero complications when getting paid in Bitcoin. The only issue is that the recipient has to bear the transaction charges. At store they use the same method but the sender has to pay the fee.

Cheers!

[Nheer]

1 BTC = 1 BTC, no need to think how much exactly you getting paid at that time.

If you're want to make profit of BTC/USD pair, then there's nothing wrong, but if you get paid 0.03 BTC, you must think it's still 0.03 BTC in the next month, year etc as long as you didn't spend it. If you not trust Bitcoin, you can convert your BTC immediately to fiat when you get paid or vice versa.

Exactly the point, OP should understand that if he is being paid a fixed amount of bitcoin it will still be the same amount he will receive in months to come or years to come so there is really no need to be get himself worried about how much he will receive everytime except if he think the company will somehow temper with his payments intentionally. When you agree to receive a certain amount of bitcoin let say 0.02Btc you will always be paid that amount and it will be converted to the equivalent amount in dollar on your wallet so where is the need to constantly check whenever bitcoin price rises or drops.

And OP if you are worried about bitcoin volatility that your payment will drop when bitcoins price drops then you should rather stick to receiving Fiat as payment so you don’t get worked up checking your payment constantly.

Let’s say am being paid $100 worth of btc in my wallet i will receive the equivalent amount of btc no matter the change in bitcoin price.

[Sim_card]

Well an excel could do the trick.

But you don't have to keep track of the price for every bitcoin payment you got. Just calculate the average purchase price after each payment. This way, you will always know if you are selling below or above what you paid.

Do you have a dedicated topic for your services or perhaps a portfolio?

Once I get a member title sure. Just saw that I am now a member, so no excuse,:) 
Portfolio I have. in the spanish section there is an offer and an english offer is planned too.

It will be easier to get jobs if you post your portfolio in services board.

Yeap its planned to do so in english too, in spanish there is an offer in the spanish board.

Explainer: I don't get salaries, I get paid for services

Yeap its planned to do so in english too, in spanish there is an offer in the spanish board.

Explainer: I don't get salaries, I get paid for services

Is like your service is mainly for the Spanish people,that is why you haven't done it in English. There is a general board here for service,which you should have posted your service there in English so that more people will understand what you gat to offer. Who knows someone might even need your service now that is not Spanish. I will advice you to write it in English and put it on the general service board if you are really looking for someone you want to render your service to. You should also remember that it isn't everyone that will accept to pay in bitcoin or Litecoin,you should ask for payment in USD and use it to buy bitcoin or Litecoin. Instead of looking for who must pay you in cryprocurrency. In my country nobody will need your service if you want payment in crypto because it is restricted by the government

[WillyAp]

Some people like to be single minded and wish to just be paid in BTC. That is highly impractical IMHO.

We use it as it comes, we get paid in Bitcoin, Litecoin, USDT all currencies which are most favoured by clients.

Just a little remainder of the topic, let's not start with interpretation. 

Regrettably, I'm quite puzzled by the message you're trying to convey. Despite using a translator for my native language, I'm still unable to grasp its meaning.

You read it a few times and I'm sure you'll get it. (the meaning)

nd OP if you are worried about bitcoin volatility that your payment will drop when bitcoins price drops then you should rather stick to receiving Fiat as payment so you don’t get worked up checking your payment constantly.

I'm not worried, as a service provider, the more currencies you are able to accept, the easier you get a contract. You just need to handle them correctly. That is not only good for me, its valid for all service providers. 

[zaim7413]

You can choose the Cryptocurrency that you like the most as a salary payment from the company, the company has given different options for employees to receive salaries, you can choose the crypto assets that you want to hold. The accumulated price can be calculated based on today's price, the company will pay you according to the price traded today.

You can sell at any time the crypto assets that have been paid by the company, if the price goes up you will be lucky because the value increases, but if the price decreases you shouldn't blame the company because the amount of salary you receive has decreased. There are advantages and disadvantages if you want to be paid with crypto assets, if you want to play it safe you can sell it immediately after the salary paid in the form of crypto assets enters the wallet.

[AprilioMP]

It must be agreed in the initial agreement that the amount of salary in fiat will be received at each payment due date. Each payment is made when due, then the amount to be received in bitcoin or other digital currency corresponds to the fiat currency rate.

Such a payment system does not harm one party. Conversely, by implementing the system in this way, it can facilitate each other.