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.
In my opinion, the bitcoin is not yet ready to be used and I think cannot really use as a mode of payment because of the volatility of the market price of bitcoin.
Surely it is a big risk using this bitcoin as a mode of payment or either accepting bitcoin as payment because the value could go up or down easily so it is always a big risk.
I think it is much better to use bitcoin just an investment because it is better that way and not using it as a mode of payment surely you could also take advantage of this and just use bitcoin as a mode of payment when the market price of bitcoin is pumping.
Its actually possible if you make partnership with local exchange, the bitcoin send to your address will automatically converted to fiat or your local currency everytime that someone send to your address.
This is just an option if the stored or those who accept bitcoin payment is affraid about volatile price of bitcoin. If they are not affraid about volatility they can accept bitcoin directly then no need to convert to fiat.