Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?
IMO, receiving your nearly full salary in bitcoin isn't really a smart move. You would have a tough time using bitcoin as your primary currency. You would undergo the hassle of converting bitcoin into fiat once you need money to pay for your rent, phone bills, to buy groceries, and other stuff that you need in order to survive. Unless you have a fund allocation that can keep you alive for the rest of the time you will be accepting btc as your salary.
You have to know the pros and cons first before deciding. Weigh the advantages and the disadvantages it offers. You must also know that if you'll accept btc as your salary, there would be times that you will receive more or less depending on the price value of bitcoin in the market. IMO, it's still much better to accept fiat as a salary and then just save it so that the moment bitcoin's price goes down, you can buy more with your money at hand. Or you can also opt to receive a portion of your salary in btc. Let's say 20% of it. So that you still have money to spend on the things you need and you have an investment at the same time. This is just my opinion. Do what you think suits you best. I believe you know your spending and saving habits more than anyone else in this forum.