Started getting paid 100% in Bitcoin starting with my last paycheck

[dsly]

From all the people i've talked to proposing getting paid in BTC instead of fiat monthly they dont like the idea because when they think bitcoin they think "80% devaulation" so they are scared of it. Unfortunately they arent very bright long term thinkers.

Well its not a matter of long term thinking. You should also realize, they will have to block that money for that many years.

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[Elwar]

So I just did an average price check for my first six months of getting paid in bitcoin.

Here are the prices for each paycheck for 6 months, once every 2 weeks (BitWage sends an e-mail with the amount of bitcoins and the price so keeping track is easy):
$319
$212
$231
$241
$257
$295
$251
$238
$234
$240
$239
$227
$249
Final average: $246/BTC

[Oscilson]

So I just did an average price check for my first six months of getting paid in bitcoin.

Here are the prices for each paycheck for 6 months, once every 2 weeks (BitWage sends an e-mail with the amount of bitcoins and the price so keeping track is easy):
$319
$212
$231
$241
$257
$295
$251
$238
$234
$240
$239
$227
$249
Final average: $246/BTC

Good price compared to present price and probably future price.

[manselr]

So I just did an average price check for my first six months of getting paid in bitcoin.

Here are the prices for each paycheck for 6 months, once every 2 weeks (BitWage sends an e-mail with the amount of bitcoins and the price so keeping track is easy):
$319
$212
$231
$241
$257
$295
$251
$238
$234
$240
$239
$227
$249
Final average: $246/BTC

That's a useful info. Im pretty sure next time you do this the average will be higher.
Are you living on the boat you would say you would buy with your wage in some country where you wouldn't need to pay taxes overy low ones? That sounded really cool.

[Elwar]

So I just did an average price check for my first six months of getting paid in bitcoin.

Here are the prices for each paycheck for 6 months, once every 2 weeks (BitWage sends an e-mail with the amount of bitcoins and the price so keeping track is easy):
$319
$212
$231
$241
$257
$295
$251
$238
$234
$240
$239
$227
$249
Final average: $246/BTC

That's a useful info. Im pretty sure next time you do this the average will be higher.
Are you living on the boat you would say you would buy with your wage in some country where you wouldn't need to pay taxes overy low ones? That sounded really cool.

I'm in a country where I don't pay taxes but not on a boat yet. Working toward something like that...


As for the average being higher, BitWage just released the following info:

This is why we are delighted to announce our new product, Bitwage Cloud Savings. By partnering with Bitreserve, we are now able to offer customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, Bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If the price goes into bubble territory I can split some of my paycheck into gold/silver or some other currency.

[freeyourmind]

As for the average being higher, BitWage just released the following info:

This is why we are delighted to announce our new product, Bitwage Cloud Savings. By partnering with Bitreserve, we are now able to offer customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, Bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If the price goes into bubble territory I can split some of my paycheck into gold/silver or some other currency.

That's very cool that all of those currency and precious metal options are available along with Bitcoin.  Is there a fee associated with using this service?  I'm assuming a currency/foreign exchange fee?

[fryarminer]

I'd be curious to know if anyone else has set themselves up on bitwage.co even for 5-10% of their pay.

I hope they are successful and get 10,000 people to do the same.

10k people making on average $50k per year would be $500 million coming into Bitcoin each year. That more than makes up for the current mining costs of $300 million per year (until it halves next year).

I'm gonna do it. As in starting this month. I'm still keeping my bank account until I iron stuff out but I'm gonna start using bitwage for my salary.

[Elwar]

As for the average being higher, BitWage just released the following info:

This is why we are delighted to announce our new product, Bitwage Cloud Savings. By partnering with Bitreserve, we are now able to offer customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, Bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If the price goes into bubble territory I can split some of my paycheck into gold/silver or some other currency.

That's very cool that all of those currency and precious metal options are available along with Bitcoin.  Is there a fee associated with using this service?  I'm assuming a currency/foreign exchange fee?

I'm not sure, I just signed up for the BitShare service and they also offer a link to a Xapo debit card so I signed up for that. I would think that each has their own fees, I will verify after trying them out.