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Author Topic: Crypto as job salary - Yay or Nay?  (Read 732 times)
Sandra_hakeem
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May 14, 2024, 08:47:29 PM
 #41

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?
It solely depends on how I'd wanna utilize my salary and when it normally comes... If it's a monthly payroll, and I prolly have something else that fetches enough, I'd choose to HODL the Golden coin!
At that, I'm not expecting to break the bank anytime soon, but like i said earlier, it depends on the period though.

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This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
Are you tryna convince us not to HODL Bitcoin already? Lol.. My hard earned money has dwindled in way too many unprofitable ways than that. I won't panic one bit should that ever happen again  Smiley
One can earn in fiat but keeping or saving your money in the bank will be a costly mistake.
You can only complain of the effects of inflation if you already have enough to spare. For me, it's about how extravagant one can be.

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May 14, 2024, 08:48:56 PM
 #42

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

Since I already am accumulating bitcoin and would want to be able to hold more then surely I would choose bitcoin. Of course there’s risks however I could think of it as dca strategy as my profit comes in at regular intervals. It is up to me how would I maximize my earnings but I just need my employer to give me my salary, not in fiat, but in crypto and specifically bitcoin.









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May 14, 2024, 08:50:32 PM
 #43

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

If I have only one income, it seems more logical to choose fiat and buy Bitcoin with the amount I increase. People who want to save Bitcoin already know how to buy Bitcoin and allocate a certain amount of their salaries as investments. While answering this question, it should not be forgotten how variable the crypto market is. Investments are personal decisions and everyone should make this decision with their own money.

Maybe this question will be answered differently 10 years from now, but it seems better to choose fiat now.

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May 14, 2024, 08:57:36 PM
 #44

I’m sure lots of people would be attracted to the thought of earning cryptocurrencies however let us think about it from a realistic perspective. If I were to choose bitcoin or ethereum, both coins have an insane amount of transactions and gas fees. If I had to take out some of my salary for daily expenses and other bills, it would take so much fees from my salary which is something I do not want.

Maybe I would want it via other altcoins and then I could take out a small amount and then buy the rest of bitcoin.

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May 14, 2024, 09:25:47 PM
 #45

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
I'd just consider the government and local position regarding Bitcoin adaption which is why I still prefer to pay in fiat than BTC (or any stable currency).

Reasons:
 - BTC is not accepted yet as a mode of payment
 - I still need to spend a few bucks to convert it into fiat money
 - volatility of the price

This is a salary that I expect should be the intact amount I received but if the BTC payment is pushed through, that possibly be changed due to its volatility and some extra trx fees. I believe the best option remains to fiat unless the employer covers all the extra fees that may happen.
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May 14, 2024, 10:21:36 PM
 #46

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
This has been discussed, and there is already an existing topic about it, but for the sake of the question, will I accept bitcoin or any other crypto currency as a salary? No, why? Well, it's because my salary is my stable income, and we know that crypto currency is volatile, and any minute your salary could change depending on the movement of the market, along with transaction fees and conversion fees. So you think that if you have your own stable income and need to wait for a few days in order to receive your salary in the form of crypto, Well, for me, it is not practical. I know how to invest in crypto currency, and I already do that, but I want to separate my crypto life from my stable income because sometimes I get a small portion of my salary in order to invest in crypto, and I already have an established crypto currency fund where I think I don't need my salary to be in the form of crypto. Many are saying that it's fine with them, but didn't you think about the factor or effect of it? I don't disagree with crypto; it's just that it's not a practical way, I think.

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May 14, 2024, 11:06:02 PM
 #47

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
Accepting crypto for salary will be a great thing that I will love as it will make it easy for me to do my DCA in bitcoin. As salary is paid, my jobs is just to sell the part I will use for my basic needs and emergency fund which I will still love to keep in fiat, the rest will then be left in bitcoin. If there is option of accepting some of the payments in Bitcoin and some in fiat, I will go with this option and save myself the stress of converting to fiat.

I think payment of salary in cryptocurrency is only possible in countries where bitcoin is a legal tender such as El Salvador. I do not know if such options are already being explored by companies on such countries.

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May 14, 2024, 11:21:58 PM
 #48

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

With Bitcoin am good to go yeah I don't mind receiving my salary in Bitcoin because it is Bitcoin and not any other coins such that even if the value shrinks within a small time it has been consistently proven to be rising up when it value comes down, yes am ok am very much receiving my salary in Bitcoin and convert the quantity that I want to makes use of in my local currency.

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May 14, 2024, 11:41:21 PM
 #49

I think I already saw such a thing a few years ago and surely those guys already multiplied their bitcoins a lot since they invested at a lower price like less than $10k when the price of bitcoin was struggling to cross 10k before. now that we are heading into possible bull runs if they didn't convert their bitcoins to fiat until now, surely they will become a millionaire in a short period of time. right now, companies that are solely supporting bitcoins should give their employees options to choose whether to get their salary on bitcoins in total amount or just some of it in order to promote and contribute to making bitcoins more popular.
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May 14, 2024, 11:53:09 PM
 #50

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
Acceptance of Bitcoin as a salary will depend mainly on the acceptance of Bitcoin in that country and the acceptance of Bitcoin among the people. No matter how popular Bitcoin is in a country, if the people of that country do not want to accept Bitcoin as a salary, then Bitcoin will not be easily adopted in that country. But in my case if asked to take salary as Bitcoin payment then I must take salary 80% in fiat currency and rest 20% I will take through Bitcoin and I will keep it as life time holding for future.

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May 15, 2024, 01:05:43 AM
 #51

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
As far as I am concerned, if bitcoin is used as a payment method the popularity of bitcoin will increase with the increase in the value of crypto many people will prefer crypto but it will depend on the legitimacy of crypto and the people of that country. There are many people who don't know the use of crypto they prefer fiat because they use cash.

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May 15, 2024, 01:45:54 AM
 #52

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

     Maybe if I'm an example employee and I'm asked to pay me bitcoin as a salary, I'll probably only agree if it's 50/50, for at least I have my daily expenses in the budget when I enter the company. I will consider the Bitcoin that will be paid to me as savings for the future.

     This is just my opinion; I don't know about others who are with me in the crypto community we live in. But probably the majority of those who are different here will still agree to pay them in fiat as a salary.

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May 15, 2024, 12:36:31 PM
 #53

There's no difference if you get paid through Bitcoin or fiat, actually it would harm your privacy since many people now know if you get paid in Bitcoin. Do you want your colleagues to ask a loan from you? especially when Bitcoin price increases. If you get paid in fiat, you can directly buy Bitcoin, in the end your salary turns become Bitcoin.

So it's a nay for me since I care with my privacy.

R


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May 15, 2024, 12:45:40 PM
 #54

It would be great, but we still need Fiat in order to pay up since we couldn't pay everything with crypto right now.
If they would offer me such thing maybe I would ask if they could be paid half in crypto and half in Fiat, so that I could save up from paying fee on converting crypto to fiat vice versa.



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May 15, 2024, 01:03:04 PM
 #55

Paying in bitcoin would be very nice, but that the challenge is that most of my expenses are paid in fiat and converting from bitcoin to fiat would amount to loss in the form of transaction fees. However, if the company would agree to pay part in fiat, so I can use that to cover my day to day expenses while the other part be paid in bitcoin.

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May 15, 2024, 02:04:05 PM
 #56

There's no difference if you get paid through Bitcoin or fiat, actually it would harm your privacy since many people now know if you get paid in Bitcoin. Do you want your colleagues to ask a loan from you? especially when Bitcoin price increases. If you get paid in fiat, you can directly buy Bitcoin, in the end your salary turns become Bitcoin.

So it's a nay for me since I care with my privacy.
In my opinion, whether we receive salary in bitcoin or fiat , there is not much difference .  Because even if we get it in bitcoin, they will still base it on the value of the BTC/USDT pair at the time they pay us, so it's not a huge difference .

If you are afraid of privacy, it means you do not support bitcoin becoming a currency and being widely used globally . If everyone did not want others to know that they owned bitcoin, then bitcoin would never be used as a means of payment or become popular.  That's what I've been wondering for a long time, how to help bitcoin become popular when we want to keep it private and don't want anyone to know we have bitcoins, nor do we want to use them for payment?

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May 15, 2024, 02:22:20 PM
 #57

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat?
If I'm been given option, I'm sure everybody will want to be paid in Bitcoin due to it's volatile nature likely to either increase or decrease in value over time, than altcoins of which most likely to be scam project looking for potential victims. Because definitely a time is coming when those working in tech and Blockchain related fields will be fully paid in Bitcoin, which happens to be the currency they represent, than fiat. That is, if only it's not already been implemented. As the fee future of Bitcoin is bright and promising.

Quote
If you'd prefer crypto payment, which currency would you choose and why?
Definitely, it's Bitcoin I will like to be paid salary and not altcoins, but if I'm being given two chances, then I will choose Bitcoin and a stable coin such as USDT, because apart from those two, I think it will be better to choose fiat than any altcoins.

R


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May 15, 2024, 02:44:03 PM
 #58

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
I would actually prefer to be paid in Bitcoin buy it should be done with DCA because I don't think just paying in Bitcoin will equaling the kind of value I mey be doing at my job so with a proper DCA terms I can be sure my pay always equates what I should be getting if I'm been paid in Fiat and I will be able to afford all thst I can afford after I must have converted to fiat, the advantage of payment in Bitcoin has to be in the fact that Bitcoin has got some form of volatility that could at some point be ro my advantage if in the bull market, it's possible I get paid today and by tomorrow I'm earning more than I was paid because there has been an increase in the price of Bitcoin.


With fiat you don't really get to enjoy the advantage that comes with the volatility in Bitcoin a d other cryptocurrency at some point because you are getting paid in Fiat who's price is regulated and isn't having volatility to cause any form of surge for it's value.

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May 15, 2024, 03:20:03 PM
 #59

Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.
I would actually prefer to be paid in Bitcoin buy it should be done with DCA because I don't think just paying in Bitcoin will equaling the kind of value I mey be doing at my job so with a proper DCA terms I can be sure my pay always equates what I should be getting if I'm been paid in Fiat and I will be able to afford all thst I can afford after I must have converted to fiat, the advantage of payment in Bitcoin has to be in the fact that Bitcoin has got some form of volatility that could at some point be ro my advantage if in the bull market, it's possible I get paid today and by tomorrow I'm earning more than I was paid because there has been an increase in the price of Bitcoin.


With fiat you don't really get to enjoy the advantage that comes with the volatility in Bitcoin a d other cryptocurrency at some point because you are getting paid in Fiat who's price is regulated and isn't having volatility to cause any form of surge for it's value.

Why don't you think of the opposite scenario where you just received a payment in bitcoin, and Fud hits the market, bitcoin drops more than 15-20% and worse is the black swan attack, bitcoin will fall in price more than a few days later? Don't just think about the dream scenario that bitcoin will only increase and you will earn more money through receiving salary in bitcoin. Meanwhile, if I receive my salary in fiat, I will be more proactive in investing in bitcoin because sometimes when the market gets worse and bitcoin corrects, I will have the opportunity to own more bitcoin with that fiat.
Receiving salary in bitcoin or fiat both has advantages and disadvantages, and the choice will depend on each person's preferences.

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May 15, 2024, 03:53:50 PM
 #60

Since I can have my bitcoin changed to fiat when I want to pay for goods and services, I am ok with receiving bitcoin as salary, because for sure bitcoin as salary helps to stop alot of unfavourable outcomes such as over spending, because with bitcoin you have to go through a process before converting the bitcoin to fiat, so it won't be easy to just spend up it money just like that.


Unlike receiving fiat as salary, which gives your express access to the money and increase your chances of spending up all the entire money without saving any part .

R


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