Should I accept my salary in Bitcoin?

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thirdtime

New Design

 thirdtime
Apr 1, 2021 318 Comments

Bitpay is offering my salary in bitcoin... seeing how bitcoin grew 800%+ in a year. I don’t mind my salary growing 800% either.

I’m not a big bitcoin guy though I was told to buy when it was sub penny... I’m not sure if it’s going down either...

Should I take my salary in bitcoin or should I only accept it in USD?

Sound off in the comments ⬇️

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 TOP 318 Comments
  • Viatris
    🔥the🔥

    Viatris

    🔥the🔥
    Take in usd , invest in bitcoin if u like - more flexibility isn’t it
    Apr 1, 2021 18
  • UiPath
    mandem

    Go to company page UiPath

    mandem
    Think about it this way, USD loses at least 20% purchasing power year over year due to the expansion of the money supply. BTC has gained 200% year over year due to scarcity and network effects

    As bitcoin’s price grows it becomes stronger and less volatile to the downside because of network effects
    Apr 1, 2021 24
  • Rubrik
    uiAb6F

    Go to company page Rubrik

    uiAb6F
    Answer this: Will your flat owner accept bitcoin for rent?
    Will the grocery shop accept bitcoin?
    Apr 1, 2021 11
    • ArrowStream
      OXFK44

      ArrowStream

      OXFK44
      You are only taxed on the gains you have made with Bitcoin. If Bitcoin value in usd was the same or less when spending as you did when you got paid, then you pay no taxes. In fact if you take a loss you can write those losses off
      Apr 3, 2021
    • you salary is pegged (hence your future buying power) to an asset that keeps depreciating over rent, commodities, and hard-assets. Your salaries should be pegged to an index of those assets so you don't lose buying power over time due to a few people that have their hands on the printing press button.
      Apr 3, 2021
  • Google / Consultant
    SXL99

    Go to company page Google Consultant

     SXL99
    See if they can throw in NFTs and Pokemon cards
    Apr 3, 2021 3
  • Apple
    mpEM34

    Go to company page Apple

    mpEM34
    This is one of the more moronic posts I’ve seen on Blind. Why would you ever want to be paid in something less liquid than cash? Take cash and buy Bitcoin if you like it so much lol
    Apr 3, 2021 5
    • No idea why people value 'liquidity' so much when their future salary is pegged (hence their future buying power) to an asset that keeps depreciating over rent, commodities, and hard-assets. You guys should demand salary pegged to global stock market index, real estate price, and commodities.
      Apr 3, 2021
    • Amazon / Eng
      Sauropod

      Go to company page Amazon Eng

       Sauropod
      It depends. If he is being offered a fixed USD amount, but denominated in BTC you are correct about liquidity.

      But if he is being offered a fixed BTC amount, then that can be quite lucrative
      Apr 4, 2021