Sign to accept your salary in bitcoin?

[peter0425]

NFL star Odell Beckham Jr. may be having the last laugh against critics of his decision to take his salary in Bitcoin.

When Beckham opted to convert his 2021 base salary of $750,000 from the Los Angeles Rams to Bitcoin as part of an endorsement deal with the Block-owned (NYSE:XYZ) Cash App, critics were quick to argue that he was making a mistake. These critics only grew louder as a market crash ensued the following year, which saw Bitcoin lose nearly 80% of its value.

“Sooooo Bitcoin is at an ALL TIME high today...safe to say we still happy with our decision,” he said on X on July 14 as the asset surged to record highs above $120,000.

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.

[melinoe]

You would still need to turn said BTC in fiat partially when the time comes, to get a part of your salary in BTC sounds good, but on paper, mostly.

[Doan9269]

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.

By accepting for the use of bitcoin makes you have confidence in what you're earning not to be affected by inflation and how you can take advantage in bitcoin earnings to make more profits, take charge of your financial situation and be well secured from regulations, because this is all about a decentralized economy and currency.

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.

Aside this, they may be worried about the volatility, which can cause some newbies to worry on how to go about it, after receiving their salary in bitcoin and then the market falls, the go in loss, but if they are willing to hold, there will never be problem as bitcoin will always proof the same profitable currency it has always been.

[AG0RA]

You should not ask if getting a salary in bitcoin is or isn't a good idea. Indeed, ask how bad is it to continue getting a salary, and what could you do instead to get bitcoin P2P?

[Etranger]

Receiving a salary in Bitcoin can free you from many bureaucratic procedures that complicate life. I would say this applies to all cryptocurrencies, not just Bitcoin. For example, in many countries, you can still avoid paying taxes on cryptocurrency fiat exchanges, whereas with an official salary, you are forced to do so. Secondly, the bank definitely won't block your payments or use your accounts as leverage against you. A salary in cryptocurrency frees you from all these inconveniences.

[Sim_card]

I also prefer a job that can pay in bitcoin lr fiat. It ease the stress of you planning to buy bitcoin because your pay is already in bitcoin. It saves your salary from being taxed. I will say that those who are against receiving salary in bitcoin are newbies in crypto and they're scared of the volatile nature of bitcoin because they lack the knowledge.

[john_egbert]

You should not ask if getting a salary in bitcoin is or isn't a good idea. Indeed, ask how bad is it to continue getting a salary, and what could you do instead to get bitcoin P2P?

To work harder, getting more opportunities to get more BTC, is a good goal, imo.

It's not bad to get fiat salary - it's bad not using it for the future.

[Wind_FURY]

You would still need to turn said BTC in fiat partially when the time comes, to get a part of your salary in BTC sounds good, but on paper, mostly.

Or you could also just HODL. Because why sell it for fiat if you actually don't need to, and if you have a salary coming every month?

If you sell it because you want your "paper profit" to be "real profit", then the value of your "profit" would go down if you keep holding it in fiat because of inflation. It would be better held in Bitcoin.

[KiaKia]

Won't you pay your bills? Won't you buy some food at home for yourself or your family? I am sure that grocery stores are not accepting Bitcoin payment in your country so why would you get paid in Bitcoin and continue working as if you won't need Fiat?

See how impossible this claim of yours is? To buy things at home, pay rent, get some gasoline and many other home needy you will have to exchange some of those Bitcoin back into Fiat.

I think it's more convenient to accept your salary the normal way and pay your bills then move the rest back into Bitcoin like you would do with a savings account, moreover how many jobs are paying workers in Bitcoin? Very limited.

Some companies will even find this as an extra headache for them to start paying people in Bitcoin, because they won't see any reason to do so, I bet they will advice you to do it yourself, just change your salary into Bitcoin after getting paid, easy.

[AG0RA]

Some companies will even find this as an extra headache for them to start paying people in Bitcoin, because they won't see any reason to do so, I bet they will advice you to do it yourself, just change your salary into Bitcoin after getting paid, easy.

If this is the case, there are companies like bitwage that make it easier, and the only thing you need to ask notify your lord employer to pay you in a different bank account (provided by bitwage or similar companies)

[sokani]

Yeah, he's sure having the last laugh. In 2021, when he made that bold move, the price of bitcoin was $48,000 - $60,000. The next year the market became bearish, and I'm sure he got a lot of criticism for the decision. However, looking at the price today, we can say the decision to receive his salary in Bitcoin was the best, and it paid off. If he hasn't touched his bitcoin, he should be in profit.

[cabron]

Its scary for  people on tight budget. A slight decline of price is already too much to bear when bills is at risk in such period. Its going  to be okay for some people particularly the single men who are also open to investing in BTC and hold for awhile to maximize the profit.

For those who has a family, its not going to be approved by the wife knowing in an hour the value of BTC can dip around $1k. For me, yes I would sign to accept BTC as salary. No questions ask.

[kotajikikox]

I also prefer a job that can pay in bitcoin lr fiat. It ease the stress of you planning to buy bitcoin because your pay is already in bitcoin. It saves your salary from being taxed.

I think that those in freelance business or those who work in the digital industry might prefer having sent their salary as bitcoin so they can protect their identity and also for easier transactions.

I will say that those who are against receiving salary in bitcoin are newbies in crypto and they're scared of the volatile nature of bitcoin because they lack the knowledge.

Maybe those who are just generally against bitcoin are the ones who do not like the idea of having their salary in bitcoin.

[Mrbluntzy]

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.

I used to think that it will be very smart to receive salaries in Bitcoin not until I also realized that whether salaries are paid in Bitcoin or not, it's only those that have the capabilities to save, hold and reserve some of their salaries that can only keep some. Some people's salaries are not enough not cover their expenses and such people, even with Bitcoin salary, they will still spend it on their very important needs and wouldn't have anyone to save until they receive another payment, so what's the need?

[Wakate]

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.

[Zlantann]

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.

No need to be worried about volatility if you intend to keep hodling for a long time. The price will surely appreciate in a few years, so hodling will always lead to a profit. Receiving salary in Bitcoin is not a bad idea if one has an alternative source of income. If you have another means to cover your needs and save for emergency funds, you can decide to keep all the Bitcoin you have received as salary. However, it might be ideal to receive some part in fiat and another percentage in Bitcoin. The Bitcoin would be held while fiat will be used for recurrent expenses. For people who earn only in fiat, a DCA strategy could be the best way to acquire Bitcoin.

[Hyphen(-)]

Won't you pay your bills? Won't you buy some food at home for yourself or your family? I am sure that grocery stores are not accepting Bitcoin payment in your country so why would you get paid in Bitcoin and continue working as if you won't need Fiat?

See how impossible this claim of yours is? To buy things at home, pay rent, get some gasoline and many other home needy you will have to exchange some of those Bitcoin back into Fiat.

Let's relate this to this forum campaign members that are getting paid in Bitcoin; aren't they doing other things with their money and still have the opportunity to hold some amount of Bitcoin? I don't see anything bad in accepting Bitcoin as payment; in fact, if it is calculated in Bitcoin fractions and not in $, you will get more Bitcoin when the price is low, and I am sure we don't always swap all our pay because we will use that as an opportunity to hold Bitcoin instead of using the DCA method to buy and send to your personal wallet.

I think it's more convenient to accept your salary the normal way and pay your bills then move the rest back into Bitcoin like you would do with a savings account, moreover how many jobs are paying workers in Bitcoin? Very limited.

Some companies will even find this as an extra headache for them to start paying people in Bitcoin, because they won't see any reason to do so, I bet they will advice you to do it yourself, just change your salary into Bitcoin after getting paid, easy.

Provided that we have p2p platforms that will help us convert our Bitcoin into fiat anytime we want, I don't think it is bad to accept Bitcoin as payment for salary.
Changing your salary into Bitcoin and changing your Bitcoin into fiat is the same thing. I think it is better you even have the Bitcoin than hold fiat that will lose value due to inflation.

[melinoe]

You would still need to turn said BTC in fiat partially when the time comes, to get a part of your salary in BTC sounds good, but on paper, mostly.

Or you could also just HODL. Because why sell it for fiat if you actually don't need to, and if you have a salary coming every month?

If you sell it because you want your "paper profit" to be "real profit", then the value of your "profit" would go down if you keep holding it in fiat because of inflation. It would be better held in Bitcoin.

That's why I would agree to get my salary partially in BTC.

These BTCs wouldn't be touched, that's for sure

[Floxynice]

For someone who relys solely on his salary to pay his bills  and all those stuffs and who cannot freely make payments with bitcoin in his home country, he might not truly enjoy the benefits of receiving his salary in bitcoin. From my imaginations, I can truly see the panic they would get when the price of bitcoin fluctuates. What purpose does it serve if they are still going to convert their bitcoins to fiat for use immediately?

Speaking of myself; I would love to receive my salary in bitcoin because I understand what bitcoin is and can always hodl, but not many have this much patience.

[FortuneFollower]

For someone who relys solely on his salary to pay his bills  and all those stuffs and who cannot freely make payments with bitcoin in his home country, he might not truly enjoy the benefits of receiving his salary in bitcoin. From my imaginations, I can truly see the panic they would get when the price of bitcoin fluctuates. What purpose does it serve if they are still going to convert their bitcoins to fiat for use immediately?

Speaking of myself; I would love to receive my salary in bitcoin because I understand what bitcoin is and can always hodl, but not many have this much patience.

And not many have jobs that would provide as much BTC as to convert it when needed and still be in the good position to continue to hodl..