Post
Topic
Board Economics
Re: Is Accepting Crypto Salaries Worth It?
by
Stalker22
on 14/06/2024, 20:06:47 UTC
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The main culprit? Crypto’s notorious volatility. Unlike a steady paycheck, Bitcoin and similar currencies can swing wildly in value. This means freelancers could see their hard-earned income shrink before they convert it to usable cash.

To be honest, this is a stupid argument in my opinion.  The chance that the value spikes up and down really only matters if you wanna hold onto the cryptocurrency coins long-term.  But why would I care what currency my paycheck comes in if I know I can cash it out to regular money whenever I feel like it? The day-to-day price changes wouldnt really impact me if I just plan to exchange any crypto salary into fiat currency right away.   

I mean, sure, if I wanted to keep the cryptocoins hoping they go up in value...  But if Im gonna sell them immediately anyway, what do I care? As long as I can quickly liquidate the crypto payout and convert it to normal cash, those short-term valuation swings dont make much difference.

So yeah, seems like a non-issue to me unless you wanna invest your wages and hold the cryptocurrency.  Am I missing something?