HomeArticlesGetting Paid In Bitcoin For Your Services – Is It Worth It?

Getting Paid In Bitcoin For Your Services – Is It Worth It?


We accept bitcoinBefore Bitcoin prices reached 5 digits, many people, freelancers mostly, were already getting paid in bitcoin. But once prices reached all-time highs, more people thought of joining the fray and getting paid for their services or products, not in fiat currency, but in bitcoins. The big question is, is it worth it?

Some may say it’s not worth it because bitcoin is extremely volatile. One minute the price is at a certain amount and the next 5 minutes, it’s down by several hundred dollars. If you’ve put a lot of effort into your work, then you might feel faint at the thought of losing your hard-earned cash in a matter of minutes. Of course, this scenario will only happen if you decide to hold on to your bitcoins instead of exchanging it for your local currency at your favorite cryptocurrency exchange.

Imagine this second scenario though: what if you held on to your bitcoins and the price suddenly jumped to twice the original price? Then you’d feel like you’ve won the jackpot, right? Because you’re essentially going to get paid at twice your rate! If the bitcoin you’ve received is equivalent to, say, for example, your salary of $5,000, with bitcoin prices going up twice the original amount, then you just got paid $10,000! That’s pretty exciting, to say the least.

The decision to get paid in bitcoin is, of course, yours alone. But there are so many positive benefits to this cryptocurrency you should at least look at the bright side before you say no to an employer or client who’s thinking of switching you over to bitcoin payments.

Bitcoin payments are fast and cheap. You no longer have to wait days for payment to arrive at your bank and you don’t need to pay those hefty bank fees your bank charges you for withdrawing your money. You can receive bitcoin payments any time of the day, and you’ll usually receive it within 10-45 minutes.

If you’re averse to the volatility of bitcoin, you might want to consider holding a very small part, maybe 5% to 10% of the total amount, and exchanging the rest to your local currency. Who knows, you just might be able to take advantage of Bitcoin’s volatility and before you know it, your bitcoins might be worth more than your entire year’s salary.



Please enter your comment!
Please enter your name here


Hong Kong Crypto Regulation Kicks Off June 1st

Don't forget to subscribe: Watch more interesting videos: Follow Channels Television On: Facebook: Twitter: Instagram: Get more news on our website: #ChannelsTv #newsupdate...

Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes

The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book, Snow Crash, is pushing forward with its vision despite waning...

Vitalik considers implications of adding ZK-EVM, other features to Ethereum mainnet

Ethereum founder Vitalik Buterin recently wrote an in-depth blog post exploring the question of which features should become official parts of the Ethereum protocol...

Bitcoin traders hope $27K holds as BTC price ignores volatile US dollar

Bitcoin (BTC) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields.BTC/USD 1-hour chart....

Follow us


Most Popular

I show You how To Make Huge Profits In A Short Time With Cryptos!