Crypto Currency

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…

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 its not worth it because bitcoin is extremely volatile. One minute the price is at a certain amount and the next 5 minutes, its 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! Thats 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 whos 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 Bitcoins volatility and before you know it, your bitcoins might be worth more than your entire years salary.

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

7 Best Crypto Exchanges in Pakistan for June 2025

Cryptocurrency exchanges have become the lifeline of the dynamic world of crypto trading, especially in countries like Pakistan, where access to direct banking integrated with crypto is almost unheard of. The post 7 Best Crypto Exchanges in Pakistan for June 2025 appeared first on NFT Evening…

Cryptocurrency exchanges have become the lifeline of the dynamic world of crypto trading, especially in countries like Pakistan, where access to direct banking integrated with crypto is almost unheard of.
The post 7 Best Crypto Exchanges in Pakistan for June 2025 appeared first on NFT Evening…
Read More

Continue Reading
Crypto Currency

Best Meme Coin to Buy in June 2025

Best meme coins to buy in June 2025 include a mix of legacy and Solana-based upstarts—among them. The meme coin sector has grown into a significant segment of the cryptocurrency The post Best Meme Coin to Buy in June 2025 appeared first on NFT Evening…

Best meme coins to buy in June 2025 include a mix of legacy and Solana-based upstarts—among them. The meme coin sector has grown into a significant segment of the cryptocurrency
The post Best Meme Coin to Buy in June 2025 appeared first on NFT Evening…
Read More

Continue Reading
Crypto Currency

Oman Bets Big On Crypto: Huge Investment Sparks Global Cloud Mining Interest

London, United Kingdom, 14th June 2025, ZEX PR WIRE, Oman is taking a big step forward with cryptocurrency by setting up a major cloud mining project. By concentrating on popular cryptocurrencies such as Bitcoin and Dogecoin, this project tries to simplify mining digital currency and make it reachable for everyone…

London, United Kingdom, 14th June 2025, ZEX PR WIRE, Oman is taking a big step forward with cryptocurrency by setting up a major cloud mining project. By concentrating on popular cryptocurrencies such as Bitcoin and Dogecoin, this project tries to simplify mining digital currency and make it reachable for everyone…
Read More

Continue Reading
Crypto Currency

Court Slaps My Big Coin: Founders Hit With $25.8M Penalty for Defrauding Crypto Investors

The CFTC secured a $25.8 million judgment after My Big Coin falsely claimed its cryptocurrency was backed by gold…

The CFTC secured a $25.8 million judgment after My Big Coin falsely claimed its cryptocurrency was backed by gold…
Read More

Continue Reading