Sign to accept your salary in bitcoin?

[taufik123]

Some people will indeed laugh at this kind of decision because they don't know how Bitcoin moves and assume Bitcoin will continue to fall.

Odell Beckham's decision was the right one, and he is now certainly making a huge profit because of the decision to receive a salary in Bitcoin.

A simple example of this Forum is the Signature work we do.
we actually receive Bitcoin directly every week for our salary as long as we are signature participants, That's a real example of work paid with Bitcoin.

Imagine if you keep Bitcoin payroll from the beginning of Signature maybe 2019 until now, it will generate tremendous profits.
But more are selling back to Fiat for survival needs, but it's everyone's decision whether to keep it or use it for something really useful.

[Finestream]

Even if bitcoin price isn’t at its all time high yet, it’s still a wise decision to have part of your salary is in bitcoin. Yes, you don’t have to receive bitcoin in full, just a portion of your salary could turn into bitcoin, and that would create life-changing value in time.

Patience and understanding of your investment is the key. If you don’t have wide knowledge about bitcoin, it’s better to not risk your salary at all.

[AmaGold70]

 apart from the fact that earning my salary in Bitcoin will save me the stress of having to buy Bitcoin I don't think it will really sit well with me because even after receiving our salaries in Bitcoin we will still need to put it in fiat for our daily expenses, and security wise it is a bad idea to receive salary in Bitcoin in the outside world that is not involved in the crypto space. And also accepting salary in Bitcoin  will pull your attention away from investing fully in Bitcoin because it will make you to sell when you are not suppose to sell because at some point you will need fiat for your household items and since your only salary is in Bitcoin you will have no choice but to sell.

[nakamura12]

This is scary for those who doesn't have a lot of money received from their salary since they will surely need to sell it to fiat. If I am one of those people who will receive bitcoin as their salary then I wouldn't say to receive bitcoin in full but rather a portion of the salary. In my opinion, it's better if you only receive bitcoin as your salary which is a portion taken from your fiat salary rather than your full salary converter to bitcoin. In that way, you don't need to buy bitcoin yourself and you still have some fiat money for whatever you need that is important like daily necessities or emergency funds when you are in need of caah.

[Alone055]

Some people will indeed laugh at this kind of decision because they don't know how Bitcoin moves and assume Bitcoin will continue to fall.

Odell Beckham's decision was the right one, and he is now certainly making a huge profit because of the decision to receive a salary in Bitcoin.

A simple example of this Forum is the Signature work we do.
we actually receive Bitcoin directly every week for our salary as long as we are signature participants, That's a real example of work paid with Bitcoin.

Imagine if you keep Bitcoin payroll from the beginning of Signature maybe 2019 until now, it will generate tremendous profits.
But more are selling back to Fiat for survival needs, but it's everyone's decision whether to keep it or use it for something really useful.

I believe someone thinking about the downsides of taking their salary in Bitcoin might not always be wrong, because despite the fact that Bitcoin has been growing rapidly since the beginning, we can't deny the fact that Bitcoin's price is volatile, and that volatility can be both positive and negative. In the bear market just between this bull run and the previous one, we saw Bitcoin's price going from $69k (all-time high in the previous bull run) to around $15k, so it's not that its price only goes up, but it goes down as well. And, both the ups and downs can sometimes be quick as we know.

So, imagine you agreed to receive your salary in Bitcoin, and as soon as your salary transaction is initiated, Bitcoin goes down sharply, immediately, and you lose a good amount from your salary because of that. I know, one would say that they can wait so that it recovers and then they should convert it to fiat, because obviously, if you are a salaried person, you will need funds for your daily and monthly expenses, and you won't be holding everything you get. So, if Bitcoin goes back up, it's all good, but what if it doesn't? What if it keeps going lower and lower? You won't be able to sell because that will cost you money from your salary. So, what's the solution?

That's why, there is nothing wrong in someone thinking that it's better to receive the salary in fiat, or even in a stable coin, and then if you want, you can buy Bitcoin with whatever amount you want from your salary and hold that.

[avp2306]

This is scary for those who doesn't have a lot of money received from their salary since they will surely need to sell it to fiat. If I am one of those people who will receive bitcoin as their salary then I wouldn't say to receive bitcoin in full but rather a portion of the salary. In my opinion, it's better if you only receive bitcoin as your salary which is a portion taken from your fiat salary rather than your full salary converter to bitcoin. In that way, you don't need to buy bitcoin yourself and you still have some fiat money for whatever you need that is important like daily necessities or emergency funds when you are in need of caah.

Employers should not force people to accept Bitcoin only payment regarding on this matter and they give people an option what they prefer to receive.

Since it will just create further trouble if people don't know or even like Bitcoin since they might lose some money especially that Bitcoin is volatile.

But for those knowledgeable individual on Bitcoin then its really fine to receive that since it make their investment journey became more easy especially that they could able to receive Bitcoin directly on their salary. For me I prefer to receive Bitcoin since I know how to use it for good things that possibly beneficial for long term.

[Josefjix]

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?

What if those people that got worried finally accepted to receive their salary in Bitcoin while the price keeps fluctuating downward, can you help them with such trauma they going to pass through, they obviously showed the fear and somehow you forcing them to accept Bitcoin as salary not teaching them how to handle it when storm comes. In simple term, allow people to choose if they should receive Bitcoin as salary or not.

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.

It's only Bitcoin enthusiast this advise can help, non Bitcoiner should not bother to accept this because it will ruin their mental health.

[Asiska02]

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.

Accepting salary in bitcoin sounds a good step towards having a savings in bitcoin. Sometimes in procrastination, you may have the money to buy bitcoin but since you can’t take on the little stress of buying, you will just be prolonging the action to take and may not end up buying some.

Having to collect your salary in bitcoin is a good development in my opinion and since you’ll be given the USD equivalent of it at the time of sending is a good one. Just convert the little you need into fiat and keep the discretionary amount in bitcoin. If you adopt this, it will not take you not so many long time before you’ll see how far you’ve come with your accumulation.

Fluctuations are an integral part of the market and you can’t do without them. So to avoid them from affecting the money you’re not saving in bitcoin, it is better to immediately convert into a stable coin when sent the salary immediately.

[Botnake]

Some people will indeed laugh at this kind of decision because they don't know how Bitcoin moves and assume Bitcoin will continue to fall.

Odell Beckham's decision was the right one, and he is now certainly making a huge profit because of the decision to receive a salary in Bitcoin.

A simple example of this Forum is the Signature work we do.
we actually receive Bitcoin directly every week for our salary as long as we are signature participants, That's a real example of work paid with Bitcoin.

Imagine if you keep Bitcoin payroll from the beginning of Signature maybe 2019 until now, it will generate tremendous profits.
But more are selling back to Fiat for survival needs, but it's everyone's decision whether to keep it or use it for something really useful.

Right, it could have been more profitable on our part if we chose to keep part of our bitcoin salary from signature campaigns, but reality hits that majority who are signature campaign participants are also here for survival, to provide the basic necessities of their family, and for that, I can say we’re still being profitable but on a different case.

However, it’s not late yet to start keeping your bitcoin salary now. Spend some of it, and hold the rest, at least you know you will have something to reap in the future, something that could be life-changing as well.

[BALIK]

Imagine if you keep Bitcoin payroll from the beginning of Signature maybe 2019 until now, it will generate tremendous profits.

What's the difference if you get paid in fiat, then use a portion of your salary to invest and combine with DCA from 2019 to now? You will also get the same profit.

Receiving salary in bitcoin is not necessarily a bad thing but for those who have only 1 source of income and low income, and they will convert them into fiat to meet daily needs right after receiving salary. There is no benefit to receiving your salary in bitcoin and it is not much different from fiat. So we don't need to make things more complicated.

Odell Beckham is a rugby player and he is very rich from his career, his net worth is estimated to be $50 million. So, stop using Odell Beckham as an example because we are so different from him.

[Rustam Meraj]

Example of Odell Beckham Jr. shows that getting paid in Bitcoin can be smart for long term move. You are right that even for regular people accepting part of your salary in Bitcoin is good idea as long as you get the correct amount based on the current price. Your point about not worrying about daily price swings is also good because getting paid in Bitcoin encourages long term investment strategy that as Beckham story proves can lead to big profits by riding out market ups and downs.

[taufik123]

Right, it could have been more profitable on our part if we chose to keep part of our bitcoin salary from signature campaigns, but reality hits that majority who are signature campaign participants are also here for survival, to provide the basic necessities of their family, and for that, I can say we’re still being profitable but on a different case.

However, it’s not late yet to start keeping your bitcoin salary now. Spend some of it, and hold the rest, at least you know you will have something to reap in the future, something that could be life-changing as well.

In different viewpoints and needs, of course, it is each person's decision to hold their bitcoin salary or sell all or part of it.

I started setting aside some of it in the form of Bitcoin and for the long term,
although just a little bit, it would mean a lot because it was a pretty appropriate investment rather than having to buy altcoins.

The basic needs of the family are met, and a little investment is also obtained, that's quite good management for me at the moment.
It's not completely life-changing, but there's still hope with a little investment allocated in the long run.

Receiving salary in bitcoin is not necessarily a bad thing but for those who have only 1 source of income and low income, and they will convert them into fiat to meet daily needs right after receiving salary. There is no benefit to receiving your salary in bitcoin and it is not much different from fiat. So we don't need to make things more complicated.

Odell Beckham is a rugby player and he is very rich from his career, his net worth is estimated to be $50 million. So, stop using Odell Beckham as an example because we are so different from him.

I'm not focusing and comparing us to odell beckham, the OP said that and look at me giving a simple example of our salary at the signature.

You seem to be overcomplicating all of this, I have already said that the decision is in the hands of each person,
there is no coercion and I am only giving a multifaceted narrative when you hold that Bitcoin in the long term with the note that you can and do not need it for other needs.

You are complicating this discussion too much, you also said that there is no benefit to receiving a bitcoin salary LOL,
but if you can do good management you will keep some of the Bitcoins even if it is only 10%.

Look and pay close attention to what context I am describing,
I don't want to corner anyone and all decisions depend on each one, everyone also has their own views.

[fuguebtc]

Odell Beckham isn't the first person to receive a salary in bitcoin. Before him, another athlete, NFL player Russell Okung, also received 50% of his salary in bitcoin. Or recently, Takashi Tashiro, CEO of Remixpoint also accepted to receive salary in BTC. But if pay attention, we will see that these people are all rich or have very large incomes. We have not seen any cases of companies adopting or average-income employees wanting to receive their salary in bitcoin. What does it show us?


To be fair, the idea of receiving your salary in bitcoin isn't new, but it's clear that it has more drawbacks than benefits, especially for low and middle income earners. Because at the end of the day, they will have to convert it into fiat.

It is true that we are bitcoin investors and we should participate in these movements to promote its popularity. But we need to be realistic that if it is not necessary or does not bring much benefit and even causes trouble to our lives. We don't have to be stubborn.

[purple_sparkles]

Odell Beckham isn't the first person to receive a salary in bitcoin. Before him, another athlete, NFL player Russell Okung, also received 50% of his salary in bitcoin. Or recently, Takashi Tashiro, CEO of Remixpoint also accepted to receive salary in BTC. But if pay attention, we will see that these people are all rich or have very large incomes. We have not seen any cases of companies adopting or average-income employees wanting to receive their salary in bitcoin. What does it show us?


To be fair, the idea of receiving your salary in bitcoin isn't new, but it's clear that it has more drawbacks than benefits, especially for low and middle income earners. Because at the end of the day, they will have to convert it into fiat.

It is true that we are bitcoin investors and we should participate in these movements to promote its popularity. But we need to be realistic that if it is not necessary or does not bring much benefit and even causes trouble to our lives. We don't have to be stubborn.

Probably, the option of receiving salary in bitcoins is just some kind of scheme for convenience or an agreement. Most likely, it will not be fixed and will change depending on the exchange rate, since the difference in price is very large during the bear and bull markets. Therefore, I do not think it will make a big difference in what currency the salary is paid, the purchasing power will be the same anyway.

[MainIbem]

Odell Beckham isn't the first person to receive a salary in bitcoin. Before him, another athlete, NFL player Russell Okung, also received 50% of his salary in bitcoin. Or recently, Takashi Tashiro, CEO of Remixpoint also accepted to receive salary in BTC. But if pay attention, we will see that these people are all rich or have very large incomes. We have not seen any cases of companies adopting or average-income employees wanting to receive their salary in bitcoin. What does it show us?


To be fair, the idea of receiving your salary in bitcoin isn't new, but it's clear that it has more drawbacks than benefits, especially for low and middle income earners. Because at the end of the day, they will have to convert it into fiat.

It is true that we are bitcoin investors and we should participate in these movements to promote its popularity. But we need to be realistic that if it is not necessary or does not bring much benefit and even causes trouble to our lives. We don't have to be stubborn.

I don't see it as a setback for any class cause on a norms as an investor you must have a discretionary fund intact so when you recieve your salary you just leave your preferred percentage for discretionary then convert the rest, I mean the amount you want to use for other funds be it emergency or so, it would even save you the stress of buying from an exchange which would still undergo the process of sending from your bank to the merchant in an exchange then send from the exchange when the merchant you bought from sends you the coin to your secured wallet for storage. It's something similar to what the NFT player is doing, 50% of his salary is his preferred discretionary fund for investment so he chose half of his salary to be sent to his wallet, which makes lots of sense cause it would save him the stress of buying like I stated.

[Royal Cap]

Probably, the option of receiving salary in bitcoins is just some kind of scheme for convenience or an agreement. Most likely, it will not be fixed and will change depending on the exchange rate, since the difference in price is very large during the bear and bull markets. Therefore, I do not think it will make a big difference in what currency the salary is paid, the purchasing power will be the same anyway.

I think there shouldn't be much of a problem with receiving payments through Bitcoin, but from the company you take it from. If they are not a crypto friendly community, then there must be some problems. What purple_sparkles said is definitely true, that is, when its price decreases, you or the owner of the company will have to pay more Bitcoin and when the price of Bitcoin increases, the company will have to pay less Bitcoin. However, if we think about it from the perspective of an employee or a person who works, we have seen that most of the signature campaigns in our Bitcoin forum are paid in Bitcoin, but in this case, I think those who receive the payment do not have any problems. So I think it depends on how he uses it, if he wants to receive the payment, he can convert all his Bitcoin into his fiat currency or if he wants, he can convert a certain amount into fiat currency and hold the rest. Actually I think it depends on the individual use case.

[john_egbert]

Probably, the option of receiving salary in bitcoins is just some kind of scheme for convenience or an agreement. Most likely, it will not be fixed and will change depending on the exchange rate, since the difference in price is very large during the bear and bull markets. Therefore, I do not think it will make a big difference in what currency the salary is paid, the purchasing power will be the same anyway.

Sure thing it will be converted into the price given at the current state, not the one that was at the start of the month or so on..

And that's as good as it's bad. You get more BTC when there is a Bear and less of it during the Bull, however - it's still not as good as to just have a chunk of your salary into BTC than all of it.. Rich guys can do it, though, or those that have lots of cash stored already.

[Pablo-wood]

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.

This isn't his full salary, it's just the base salary he earned in 2021. Requesting to receive that percentage in Bitcoin wouldn’t significantly affect his overall expenses, especially compared to the average person earning between $100 and $1,000.

Regardless, not everyone has the same financial capacity. Most people invest only what's left after covering their major expenses. So while getting paid in Bitcoin might sound appealing, it's a much easier choice for someone with a high income than it is for the average worker.

[nemesis_incarnate]

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.

This isn't his full salary, it's just the base salary he earned in 2021. Requesting to receive that percentage in Bitcoin wouldn’t significantly affect his overall expenses, especially compared to the average person earning between $100 and $1,000.

Regardless, not everyone has the same financial capacity. Most people invest only what's left after covering their major expenses. So while getting paid in Bitcoin might sound appealing, it's a much easier choice for someone with a high income than it is for the average worker.

Agreed through and through.

Usually such news come exactly from a folk like that - someone that is already established well..

[MusaPk]

apart from the fact that earning my salary in Bitcoin will save me the stress of having to buy Bitcoin I don't think it will really sit well with me because even after receiving our salaries in Bitcoin we will still need to put it in fiat for our daily expenses, and security wise it is a bad idea to receive salary in Bitcoin in the outside world that is not involved in the crypto space. And also accepting salary in Bitcoin  will pull your attention away from investing fully in Bitcoin because it will make you to sell when you are not suppose to sell because at some point you will need fiat for your household items and since your only salary is in Bitcoin you will have no choice but to sell.

Investing in Bitcoin is good thing but to meet our day to day needs we need fiat. At the start of every month we need fiat to pay home bills, kids school fees, buy grocery etc. That's why the importance of fiat currency in our daily life can't be ignored. I would prefer to receive my monthly salary in fiat and then invest some part of it in Bitcoin or spare my discretionary income for Bitcoin. To me Bitcoin investment and monthly salary are two different things, both have their own importance in our lives.