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?
You cant use BTC as a primary currency unless your country legalized BTC, so receiving BTC instead of a legal currency is possible but I dont really know the situation of cryptocurrency in your country so I can really tell. Anyways,investing in BTC isn't really a bad thing but you should have saved only a small percentage of your salary for investment in cryptocurrency so I think 80% allocation of your salary would be in BTC is a bit too much. How about having an emergency fund? just in case something bad happened and you need urgent money then your funds for BTC won't be affected.
Right, because at the end of the day we still need to exchange our BTC to fiat before buying something that's why we cannot make it as primary currency since this is not supported yet by most of the country only El Salvador is the one who do this but they still make USD as their main currency and bitcoin is option only. But we shouldn't lose hope as this adoption is started by on country maybe in future another announcement came that they will also make it as their legal tender but let see which country will adopt next.