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

Before Bitcoin prices reached 5 digits, many people, freelancers mostly,

were already getting paid in bitcoin. But now that prices have reached all-

time highs, people are thinking 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.

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