Sign to accept your salary in bitcoin?

[Smack That Ace]

If the salary is paid through Bitcoin but calculated in USD, then I think this isn't an issue. It would be the same as our signature payments: calculate payment in USD, but payment made in Bitcoin. I think this would be an advantage of saving Bitcoin as well if the receiver wants. All the funds we get from salary don't always need to be spent. So after spending the necessary funds for family, the rest of the funds could be saved for the future. So when Bitcoin pumps hard, they would have a handsome amount in their hand. It's like accumulating Bitcoin in a DCA strategy.

You are correct sir. I do not think it will be an issue if  a person wants to receive part of their money in dollars and the rest in Bitcoin. Like I said earlier such an opportunity would enable the workers have a Bitcoin plans for their future and also they would be in profit if the price of Bitcoin keeps increasing yearly without them touching their Bitcoin.  If It were possible to get such offers, I would prefer to save in a higher percentage of Bitcoin that the Fiat payment so that I will make a good lot of fortune from my Bitcoin portfolio when the price starts to appreciate.

If you are determined and want to invest or save in bitcoin, you can also easily do that by getting paid in fiat. This is something we have all been doing for the past 16 years and hardly any of us have had any problems. You don't need to get paid in bitcoin to start investing or saving in bitcoin.

Moreover, most of us are people with not too high income, most of our salary will be used for basic needs in life. Only a small amount is used for savings or investment. This means that if we receive our salary in bitcoin, we will also have to convert most of our bitcoin into fiat. It seems more complicated and troublesome if you receive your salary in fiat currency.

[Catenaccio]

Well, if given the option to choose, I may not opt to receive my salary in bitcoin due to several reasons, I will rather opt that my pension fund be paid in bitcoin for as long as I work in that company, and this is because my pension fund is a fund I don't and won't have access to until I am atleast 50 years old of age, I stand to benefit more here than having my salary paid in bitcoin which I will still be needing to convert a chunk of it, if not all back to fiat for household spending or expenditures.

If the company gives me options to choose, for example:
1. Only fiat currency.
2. Only Bitcoin.
3. Split between fiat currency and Bitcoin.

I would like to choose option #3 as with this salary payment method, I will receive both fiat currency and bitcoin, that can help me to do two main things: having fiat currency for my spendings and having bitcoin for my Bitcoin portfolio as DCA accumulation.

With this option, I will not have problems of convert my fiat currency to bitcoin for DCA accumulation or convert bitcoin to fiat currency for spendings.

[DanWalker]

If the company gives me options to choose, for example:
1. Only fiat currency.
2. Only Bitcoin.
3. Split between fiat currency and Bitcoin.

I would like to choose option #3 as with this salary payment method, I will receive both fiat currency and bitcoin, that can help me to do two main things: having fiat currency for my spendings and having bitcoin for my Bitcoin portfolio as DCA accumulation.

With this option, I will not have problems of convert my fiat currency to bitcoin for DCA accumulation or convert bitcoin to fiat currency for spendings.

This is the choice that we all will agree with because it is very convenient and useful for us. But I guess this will never happen because paying employees in both fiat and bitcoin will cost the company more.
Paying salaries in bitcoin would cost businesses more because the price of bitcoin is constantly fluctuating and they would have to adjust their payroll every month. So to do that, they would need more dedicated staff or an automated conversion processor and this would incur additional costs. So they will never agree and implement this solution.

[Salahmu]

Even if you are not earning $750,000 and you are not rich enough to put all your salary into investment yet, accepting bitcoin for your salary sounds a good deal. Some people are worried about the fluctuations in the market but as long as the employer gives you the equivalent amount of btc in usd, I think there should be no problems, am I not right? The good thing is if you are planning to put your salary in bitcoin to invest, you do not need to convert it into bitcoin since it was given to you in bitcoin already.

The fluctuation aspect are the ones that usually get some persons thinking if they should decline the work that offers to pay them in Bitcoin but what they forgot to ask or no is that when an employer gave them such offers that they would receive $500 monthly as salary in Bitcoin means that no matter the kind of fluctuation or dip in Bitcoin it doesn't affect how they would receive the salary because they would always get the same amount that was on the agreement and besides aside from minor fees they might see during transfer this could actually be of beneficial to the person because Bitcoin could drop from $123k to something like $119k before they pay them and if they hold till it revers back is another profit all together.

[Dr.Bitcoin_Strange]

Even if you are not earning $750,000 and you are not rich enough to put all your salary into investment yet, accepting bitcoin for your salary sounds a good deal. Some people are worried about the fluctuations in the market but as long as the employer gives you the equivalent amount of btc in usd, I think there should be no problems, am I not right? The good thing is if you are planning to put your salary in bitcoin to invest, you do not need to convert it into bitcoin since it was given to you in bitcoin already.

The fluctuation aspect are the ones that usually get some persons thinking if they should decline the work that offers to pay them in Bitcoin but what they forgot to ask or no is that when an employer gave them such offers that they would receive $500 monthly as salary in Bitcoin means that no matter the kind of fluctuation or dip in Bitcoin it doesn't affect how they would receive the salary because they would always get the same amount that was on the agreement and besides aside from minor fees they might see during transfer this could actually be of beneficial to the person because Bitcoin could drop from $123k to something like $119k before they pay them and if they hold till it revers back is another profit all together.

Except for someone that already understand the system very well, they might find it difficult to understand the explanation of getting that exact value whether Bitcoin dips or not. Some people too who doesn't have intentions of holding or saving some Bitcoin would see it as a stress to start converting from Bitcoin to Fiat since they can not freely pay for everything with Bitcoin.

[Xtraordinarious]

This is the choice that we all will agree with because it is very convenient and useful for us. But I guess this will never happen because paying employees in both fiat and bitcoin will cost the company more.
Paying salaries in bitcoin would cost businesses more because the price of bitcoin is constantly fluctuating and they would have to adjust their payroll every month. So to do that, they would need more dedicated staff or an automated conversion processor and this would incur additional costs. So they will never agree and implement this solution.

Although the argument is realistic, I think a little differently. Because the modern world is moving forward, it is natural to think digitally. Although the issue of paying salaries in Bitcoin may seem a little complicated at first, it has now become much easier due to the advancement of technology. Currently, many crypto payment gateways can automatically convert Bitcoin to local currency in real time, and the hassle of managing fluctuations has also been significantly reduced. Various large companies are currently moving towards crypto payments.

Another thing I will say is that not all employees have to be paid in Bitcoin. Some can take it in fiat if they want, and some can take it in crypto. This optional method is becoming attractive to many companies. It does not increase the company's costs much but instead helps young and tech-savvy employees. Although it is up to the company to decide, it can also be done.

Generally, technology always demands some initial costs, but it provides many benefits in the long run. Although it may seem a little troublesome initially, it is not such a problem. So if companies want to, if we don't do it completely, if we slowly introduce it on an experimental basis, it may become very common in the future.

[Nheer]

Even though the Bitcoin adoption keeps increasing recently, agreeing to accept your salary in Bitcoin can mean two things; you intend to keep that money for as long as possible before using it for whatsoever you want to use it for, thereby holding it in Bitcoin as an investment that could be more profitable than keeping it in the bank if the price of Bitcoin keeps the bull momentum. The second reason is that you intend to influence others to follow your footsteps by receiving their salary in Bitcoin. Getting paid in Bitcoin is cool but it would be off when you decided to sell it maybe after few weeks or days. If anyone has the intend to receive salary in Bitcoin, I believe the reason could be to hold it for as long as possible.

Those could actually be the reason but then how possible is it for a person who works for weeks then get paid and just leave his/her salary as an investment, he will have needs to meet even if they don't have family they can't hold all of it instead they should only set a percentage to keep for investment except for when he has other sources of income and don't depend on that salary to feed. It's really okay to accept Bitcoin as payment and not plan to hold for profit, some people would actually want to use it as everyday expenses it's all just depends on our personal preference and financial plan. Anyone you choose is actually not bad but accepting Bitcoin as salary payment is really good for Bitcoin adoption.

[₿itcoin]

Even though the Bitcoin adoption keeps increasing recently, agreeing to accept your salary in Bitcoin can mean two things; you intend to keep that money for as long as possible before using it for whatsoever you want to use it for, thereby holding it in Bitcoin as an investment that could be more profitable than keeping it in the bank if the price of Bitcoin keeps the bull momentum. The second reason is that you intend to influence others to follow your footsteps by receiving their salary in Bitcoin. Getting paid in Bitcoin is cool but it would be off when you decided to sell it maybe after few weeks or days. If anyone has the intend to receive salary in Bitcoin, I believe the reason could be to hold it for as long as possible.

Those could actually be the reason but then how possible is it for a person who works for weeks then get paid and just leave his/her salary as an investment, he will have needs to meet even if they don't have family they can't hold all of it instead they should only set a percentage to keep for investment except for when he has other sources of income and don't depend on that salary to feed. It's really okay to accept Bitcoin as payment and not plan to hold for profit, some people would actually want to use it as everyday expenses it's all just depends on our personal preference and financial plan. Anyone you choose is actually not bad but accepting Bitcoin as salary payment is really good for Bitcoin adoption.

It's not just your personal preference or crypto street cred. In the United states the internal revenue services think of ₿ as a property, so any time you earn income and do the transaction with ₿ it's liable to tax as income market value. If you are a long time hodler and gain some profit by hodling, any time you expend your BTC it has capital gain tax .

In addition the DOL Obligates that salary has to be transacted in cash or valid instruments, so using bitcoin for payment needs employees to participate, documented agreement and compliant payroll setup (as the FLSA rules). so most of the firm will allow you convert up to 5-10% of your income to bitcoin to stay away from tax problems and undiversible risk.

[DaNNy001]

Even though the Bitcoin adoption keeps increasing recently, agreeing to accept your salary in Bitcoin can mean two things; you intend to keep that money for as long as possible before using it for whatsoever you want to use it for, thereby holding it in Bitcoin as an investment that could be more profitable than keeping it in the bank if the price of Bitcoin keeps the bull momentum. The second reason is that you intend to influence others to follow your footsteps by receiving their salary in Bitcoin. Getting paid in Bitcoin is cool but it would be off when you decided to sell it maybe after few weeks or days. If anyone has the intend to receive salary in Bitcoin, I believe the reason could be to hold it for as long as possible.

Those could actually be the reason but then how possible is it for a person who works for weeks then get paid and just leave his/her salary as an investment, he will have needs to meet even if they don't have family they can't hold all of it instead they should only set a percentage to keep for investment except for when he has other sources of income and don't depend on that salary to feed. It's really okay to accept Bitcoin as payment and not plan to hold for profit, some people would actually want to use it as everyday expenses it's all just depends on our personal preference and financial plan. Anyone you choose is actually not bad but accepting Bitcoin as salary payment is really good for Bitcoin adoption.

The thing is that everyone now only see Bitcoin as a commodity that's is meant for saving and that's why he is sighting that he must have the intentions of having to keep the Bitcoin for because he would agree to accept his payment as Bitcoin but we have all forgotten that the actual idea of Satoshi was to develop a currency that bypasses the use of a central body or third party for the means of funds processing and transaction.

[Miles2006]

Giving all your salary for bitcoin investment sake sounds strange except the person is financially stable and have other source of income, this is an aggressive move no doubt and if others should follow suit they’ll end up regretting probably they don’t know bitcoin and the market price meanwhile the person in question can have a business going on so in this case he don’t need to touch his salary(bitcoin). This idea is not the best basically you can get your salary in fiat then divide some fraction for example, needs, health care etc before think of investing using the discretionary funds, bitcoin investment is good and I don’t think this is the right way of creating more awareness especially when involving profit making.

[Ronsbit]

If the salary is paid through Bitcoin but calculated in USD, then I think this isn't an issue. It would be the same as our signature payments: calculate payment in USD, but payment made in Bitcoin. I think this would be an advantage of saving Bitcoin as well if the receiver wants. All the funds we get from salary don't always need to be spent. So after spending the necessary funds for family, the rest of the funds could be saved for the future. So when Bitcoin pumps hard, they would have a handsome amount in their hand. It's like accumulating Bitcoin in a DCA strategy.

You are correct sir. I do not think it will be an issue if  a person wants to receive part of their money in dollars and the rest in Bitcoin. Like I said earlier such an opportunity would enable the workers have a Bitcoin plans for their future and also they would be in profit if the price of Bitcoin keeps increasing yearly without them touching their Bitcoin.  If It were possible to get such offers, I would prefer to save in a higher percentage of Bitcoin that the Fiat payment so that I will make a good lot of fortune from my Bitcoin portfolio when the price starts to appreciate.

If you are determined and want to invest or save in bitcoin, you can also easily do that by getting paid in fiat. This is something we have all been doing for the past 16 years and hardly any of us have had any problems. You don't need to get paid in bitcoin to start investing or saving in bitcoin.

Moreover, most of us are people with not too high income, most of our salary will be used for basic needs in life. Only a small amount is used for savings or investment. This means that if we receive our salary in bitcoin, we will also have to convert most of our bitcoin into fiat. It seems more complicated and troublesome if you receive your salary in fiat currency.

We indeed don't need to get paid in Bitcoin to be able to save in Bitcoin, but if the opportunity avails itself that we should choose to get paid in both. I will opt for a 50/50 ratio because I see that as an opportunity to actualize my dream of holding Bitcoin. Although I have not been able to get into a paid job here but if the opportunity avails itself that i get a job here, I will implement it myself while I save 50% of my salary in bitcoin.

[Ihedioral]

It's only take someone who doesn't understand the value of cryptocurrency that won't like earning salary in Bitcoin (BTC)

Thought of holding your Bitcoin it's never easy as man  facing challenges  you can only pass through this if you believe Bitcoin can change your life in future

As for me Bitcoin is the best way to earn salary

[danadc]

Considering that the price of BTC is volatile, it is very good to accept a salary in BTC, I would take it, but to be honest I would have more than 1 job because that income would only be used to accumulate BTC, that is the idea, while to survive and carry out all the gastronomy up to date, normal income can be given, it is not bad and it seems to me something that is intelligent, with that it would not hurt to sell some fraction of BTC knowing that it will go up in a big way.

[dzungmobile]

It's only take someone who doesn't understand the value of cryptocurrency that won't like earning salary in Bitcoin (BTC)

Thought of holding your Bitcoin it's never easy as man  facing challenges  you can only pass through this if you believe Bitcoin can change your life in future

Between understanding Bitcoin is a great investment asset and actually invest your money in Bitcoin, there is big difference and also challenge. A person must organize and prepare many things in his life individually and family life generally before can use part of income for investment.

As for me Bitcoin is the best way to earn salary

It can be best way for you but not best way for the others. You and other people are different in many things from social financial status and therefore possibly have different approaches in life exclusively Bitcoin investment and salary receiving ways.

Considering that the price of BTC is volatile, it is very good to accept a salary in BTC, I would take it

Bitcoin price volatility is a main barrier that prevents many people to accept Bitcoin as their salary payment. Except if they are long term Bitcoin investors and already prepare good fund for spendings and emergency, they will have no or so few reasons to receive bitcoin in salary payment. Especially risky if all salary is paid in Bitcoin so their actual income will be volatile as same as Bitcoin volatility. This high volatility can affect their budget for spendings and it's big barrier.

[bitzizzix]

Considering that the price of BTC is volatile, it is very good to accept a salary in BTC, I would take it, but to be honest I would have more than 1 job because that income would only be used to accumulate BTC, that is the idea, while to survive and carry out all the gastronomy up to date, normal income can be given, it is not bad and it seems to me something that is intelligent, with that it would not hurt to sell some fraction of BTC knowing that it will go up in a big way.

If your salary is entirely in Bitcoin and you intend to receive it as soon as you receive it, and you're looking for a job or other source of income to meet your basic needs, you'll need to buy or hold fiat currency. I think that makes sense. However, I don't think it's sustainable in the long run, as you'll inevitably sell your Bitcoin when you need it most, having invested your entire salary without considering the long-term future, as we never know. Furthermore, there will be a clear income gap between your full-time job and your side hustle, and your full-time job will likely take precedence over your side hustle, as anything can happen unexpectedly with a side hustle, such as burnout and other issues that could force you to postpone your side hustle.
Personally, I prefer receiving my salary in fiat currency and will buy Bitcoin when I receive it after prioritizing other essential needs and setting aside an emergency fund, which I'm sure you're already familiar with. You can also choose a side job to earn extra income, but the job must be in accordance with your abilities and is something that makes you feel comfortable doing it and that is if you want it for the purpose of increasing your investment and also for other important needs, which in my opinion are all much better and comfortable for the long-term process because if one day your side job experiences problems or you feel tired, you still have your salary to continue to be able to cover everything and you can also use the emergency fund if you really need it.

[alastantiger]

If the company gives me options to choose, for example:
1. Only fiat currency.
2. Only Bitcoin.
3. Split between fiat currency and Bitcoin.

I would like to choose option #3 as with this salary payment method, I will receive both fiat currency and bitcoin, that can help me to do two main things: having fiat currency for my spendings and having bitcoin for my Bitcoin portfolio as DCA accumulation.

You should be fine with any of the options because none of them stops you from doing what you want to do. Your employer paying you in Bitcoin or cash can still be used wisely when you want to do that. When you receive cash, you can distribute the money according to your expenses and keep the ones that'll be use for investing which you are then invest into Bitcoin. Having them splited into two which is Bitcoin and cash, can be of help to you because it saves you the time but when you're not disciplined and do really wants to invest in Bitcoin, you won't be able to save. We shouldn't wait until our salary are paid in Bitcoin before we start investing in Bitcoin. For me I'll accept any of the options and then decide how I want to spend my salary myself.

[Minor Miner]

If the company gives me options to choose, for example:
1. Only fiat currency.
2. Only Bitcoin.
3. Split between fiat currency and Bitcoin.

I would like to choose option #3 as with this salary payment method, I will receive both fiat currency and bitcoin, that can help me to do two main things: having fiat currency for my spendings and having bitcoin for my Bitcoin portfolio as DCA accumulation.

You should be fine with any of the options because none of them stops you from doing what you want to do. Your employer paying you in Bitcoin or cash can still be used wisely when you want to do that. When you receive cash, you can distribute the money according to your expenses and keep the ones that'll be use for investing which you are then invest into Bitcoin. Having them splited into two which is Bitcoin and cash, can be of help to you because it saves you the time but when you're not disciplined and do really wants to invest in Bitcoin, you won't be able to save. We shouldn't wait until our salary are paid in Bitcoin before we start investing in Bitcoin. For me I'll accept any of the options and then decide how I want to spend my salary myself.

Exactly, if we are determined and really want to invest in bitcoin, getting paid in any asset is not a problem. Because converting salary to bitcoin is extremely easy and simple, we have been doing this for over 16 years and no one has had any problems. Why has no one complained or talked about it for the past 16 years?

It can be said that investing and accumulating bitcoins depends on our investment plan, it has nothing to do with whether our salary is in bitcoin or fiat. Likewise, I also accept any form of payment as long as I am paid in full.

[purple_sparkles]

I generally really like being paid, so I accept payment in different ways. In general, it is good to have different payment options, since I systematically transfer part of my assets to bitcoin anyway. In order to avoid unnecessary movements, it is quite reasonable to agree to a salary in bitcoins. The most important thing is that there is demand for your services.

[xzone]

Giving all your salary for bitcoin investment sake sounds strange except the person is financially stable and have other source of income, this is an aggressive move no doubt and if others should follow suit they’ll end up regretting probably they don’t know bitcoin and the market price meanwhile the person in question can have a business going on so in this case he don’t need to touch his salary(bitcoin). This idea is not the best basically you can get your salary in fiat then divide some fraction for example, needs, health care etc before think of investing using the discretionary funds, bitcoin investment is good and I don’t think this is the right way of creating more awareness especially when involving profit making.

Buying your entire salary in bitcoin might not be a good idea, but if you already have another source of income and earn enough to support yourself, it's a good risk to take. If you're already wealthy or financially well-off, such a salary will make you very happy in the long run.

If you were able to save even a portion of your salary a few years ago, you might now have good capital to invest, buying the things you want because your money has multiplied in value

[uneng]

Good luck finding someone willing to pay you in BTC for your services. It's an almost impossible quest in most regions, with few exceptions, like for an example, big urban centers focused on technological matters.

Everyone else will still have to purchase Bitcoin by themselves while paying fees, if they want to become holders and investors.

Adoption is constantly increasing, but much slower than everyone here would like it to be. Therefore, it's not clear when Bitcoin will become a widely accepted form of paying wages to employees. I believe the first step would be to find p2p offers more easily, in higher quantity on the market.