Re: If you can get paid through cryptocurrency, do you still choose fiat currency?

Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

I would still prefer fiat currency. You know you can't pay your bills using crypto currencies. And what if you get paid in a non stable coin and the next day the market crashes really bad? We have seen the price of crypto currencies go down more than 20% in just few days. You will be in trouble then. Then there is those transaction fees which sometimes end up being very absurd. Get paid in fiat, buy crypto with fiat Wink

I see that your chosen indicator can only be used as a trading tool, isn't it very simple? BTC is like gold, gold can't buy a good must be exchanged first to fiat then do you still prefer fiat to gold? If given the opportunity to choose then BTC is the best choice. Although it cannot be used as a direct transaction tool, BTC can be the best store of value than if you store it in fiat. What you get by filling an account with fiat for 10 years when compared to BTC is a very clear growth chart.

Given the current fees and Bitcoin's volatility, I doubt it is the best choice to get paid in bitcoin in every single situation. If you earn pretty much exactly the amount of money you need per month to pay your bills, I would probably prefer fiat over bitcoin honestly. What are you going to do if it does crash during those days or the week you are getting paid usually?

indeed for now the use of bitcoin is less relevant for all levels of transactions. because of the high volatility and the price of an item is fixed in fiat units, then we will find it difficult for small entrepreneurs, because not all of them understand crypto. it's different if crypto is accepted in all countries and the unit of goods uses bitcoin for the price, of course at that time we can spend it calmly

That is one important aspect and the other one is that even stable coins aren't a solution to that problem because the hassle is too big as hardly any business accepts Tether. Also, why use Tether if you can just use the USD in your bank account. Less explanations to financial authorities, overall less trouble. We are not quite there that more and more people get paid in crypto because it is more practical to them. Some do receive or take crypto as payment because they want to drive adoption, which is a good and important endeavor.