Quote from: Nadziratel on March 29, 2020, 08:22:43 PM

Quote from: Jumperman4 on March 29, 2020, 07:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

I do not think it is right to invest 100% in anything of value for money. It doesn't matter in USD, Euro, Gold, Bitcoin or stock. Their value may decrease over the time cycle.
And no, I don't think it's right to sell BTC right now. I think buying BTC is the right decision. For this reason, I do not need to use any platform as mentioned. But still, I use it to experience such platforms.

Selling BTC depends if you really need the money or if you need something to pay for. But it is true that buying is more important this time, as this is the opportunity for you hold more bitcoin. The only bad thing here is that we don't have any idea until when we will hold our BTC and some people tends to pay their bills with BTC because they find it less hassle to withdraw. In reality, bitcoin is useful as a digital payment but it is a store of value so you should not use it in some other unimportant businesses. Bitcoin is very volatile, its price in the market vary depends on its volume and market, that's why people are really having a hard time managing their BTC as they try to pay their bills with it or with their own fiat currency.