Why is it better to get paid in cryptocurrency?

Why didn’t I foresee this? Why haven’t I closed my positions and taken profit? You may be asking yourself these questions often. If we face the truth, we can see that digital currencies are currently falling in value. How long will the bear market last? Unfortunately, no one knows. Falling asset values make you nervous, which is why most investors can make bad decisions. On the other hand, a bear market is a great time to get paid in digital currencies. For this reason, there is no need to worry and get upset, it is better to channel your energy in a productive way. Do you believe in the cryptocurrency revolution and know that prices will rise over time? Then transferring some fixed part of your salary into digital currency will mean that you buy them at a real discount. In this article, you can learn about 3 advantages of working for cryptocurrency. As a bonus, you can see some practical tips at the end.

1. Eliminate the emotional aspect

When it comes to investing, people are not good at managing their emotions. We can easily give in to feelings such as greed and fear, creating bubbles in the market. All the reactions that take place in our brains and originate from our distant ancestors can be studied in the financial markets in real time. Such a productive discipline has a special term: market psychology. Investors keep a close eye on rising prices, giving in to their greed, and shortly thereafter sell off assets at the slightest sign of weakness. To put it another way, they buy at high prices and sell at low prices. “The stock market is a mechanism for transferring money from the impatient to the patient” – Warren Buffett. The ability to control one’s emotions is a noble goal, but many people fail on the way to it. Can you imagine what would happen if you no longer had to rely on willpower and emotional stability? Cost averaging Most likely, you have already heard of this approach. The investor sets a specific schedule and buys digital currency for a certain amount every month, regardless of the value. This strategy is called cost averaging. It helps to minimize the risk of market fluctuations and at the same time reduce the consequences of uncontrollable human emotions. For many people, this strategy is the best solution, as it is far superior to trying to outperform the market. Salary in digital currency is a kind of such strategy, because every month you “buy” a certain amount of cryptocurrency from your boss. It pays off even if payments are irregular and directly depend on real clients or the stage of the project. Risk management: how discipline can help avoid catastrophic consequences If you receive a salary in digital assets, you can spend one part on your monthly needs and keep the other in a cold crypto wallet as an investment. This approach to investments is quite sober and reasonable. If you stick to it, you can minimize the risk of destructive behavior, such as buying Bitcoin coins with borrowed or mortgage money. And in order not to become a slave to emotions, it is better to develop a special system of existing rules and restrictions. An example is the following: “I will invest 10 percent of my own monthly income” or “I will only invest money from additional earnings.” Another suitable option would be to look for a part-time job that pays immediately in digital currency. Don’t look at charts, hoping to guess movements within the market, and don’t participate in online battles about the future prospects of various projects. It is better to relax, calm down, and concentrate your energy in a more productive way. Earn cryptocurrency!

2. Save on expenses

If you purchase digital currency on your own on a platform such as CoinBase, your costs will be approximately 1.5%. At first, this amount will seem insignificant, but after a while, it will grow to a significant value. After you have bought the assets, you need to make a transfer from the exchange account to your cryptocurrency wallet. It is good if it is of the hardware type. You will also need to pay for such a transfer. Currently, the fee for transferring funds is small (about $0.5 per BTC). However, if the network is overloaded, the fee may increase. If you pay salaries in cryptocurrency, you can save on expenses, as they will be paid by your employer. The money will be transferred directly to the wallet. Please note that a commission must be paid when exchanging digital currency for regular money. The Lightning Network is perfect for such transactions. It allows employees to get paid for a specific time period they have worked (hour, day, week, month). Interestingly, the transfers are very fast and very inexpensive. The Lightning Network will allow you to save a lot of resources and make work much more convenient for employees.

3. Support for the cryptocurrency movement

Salaries in digital currency contribute to the development of the cryptocurrency movement. Which system do you support: decentralized or bureaucratic, controlled by central banks and governments? Free or monopolistic? Make your choice after you think it through, because our future depends on it. Paying for work with cryptocurrency means that you support a parallel economic system that is free from government control and the state banking system. And the most interesting thing is that the more people start using digital assets, the more popular and in-demand they become. If everyone demands to be paid in cryptocurrency, companies will soon have to listen to them. You can imagine what will happen when huge corporations pay their employees in Bitcoin. Even ten percent of such payments is enough to mark a tipping point. The Bitwala service allows any business to pay employees with regular money, but they will be able to receive their salaries in cryptocurrency. How to find a job with a salary in digital currency in practice Digital currencies have fallen in price recently, but this fact does not prevent the industry from experiencing a real boom. In terms of number, blockchain-related jobs appear every day. Here are 4 ways to get a real job with a salary in digital money:

• You can find a job in the relevant industry (there are some startups that are willing to pay their employees in digital currency).
• Accept transactions from clients and customers in digital money.
• Write materials for cryptocurrency platforms, such as Steemit.
• Do tasks and work in exchange for payment in cryptocurrency.

What if you are not related to programming? Don’t worry, it’s completely normal and natural. Almost everyone starts from scratch and the most important thing is that it is never too late to learn. There is also a large number of occupations that are not related to programming. This industry needs experienced researchers, media specialists, writers, marketers, architects and designers, as well as engineers. To find a job, we recommend checking out the available vacancies on the following websites: CryptoJobsList.com, CryptoJobs, CryptoCurrencyJobs, and others.