They Work in Crypto, ...
- Thread starter ph1l
- Start date
Look at your last two posts. You did not address why those guys prefer to get paid in fiat. All you did was shoot down others. How about you start making some logically coherent points?
With that trading skill why would you be working?
I was thinking of people who use their paycheck to pay their living expences.
If their salary is 60K per year (5k/month) and they want to be paid in BTC I'd bet they want to be paid 5k worth of BTC rather than 1/6 of a bitcoin.
Their living expences are still in fiat and with 5k a month you are probably living paycheck to paycheck. Sure there's a chance of your salary increasing substancially but there's also a chance of it decreasing. Gotta be a gambler to take that risk.
Why be paid in BTCif you spend in fiat. Converting to fiat cost money, you get beat-up by the spread.
What fucking spread are you talking about deaddog?
Btc trades 24/7/365 with plenty of liquidity, $5k or $10k order is nothing
Don't spread FALSE information without showing proof, ASSHOLE!
Have a nice day, you dumb dumbfuck!
Not sure why you feel you have to name call John but where I live the exchanges charge 1% to buy and sell BTC.
You said spread, now you're saying 1% fee but you're showing a screenshot of a debit fee of 4%
STOP SPREADING BULLSHIT FUD
Get a better trading platform, I showed you 1 cent spread at Coinbase Advance Trading
1% fee on $5k order is $50, how the fuck is that going to beat up anyone?? fucking bullshit gaslighting fudder is what you are, deaddog
I don't buy and sell BTC. I trade the Canadian ETFs.
I assume there is a difference between what you pay when you buy and what you get when you sell. That's the spread.
When you get paid in dollars you get dollars. When you get paid in BTC you have to sell it to spend it. If you have an exchange that doesn't have a spread or a fee then more power to you.
50 bucks every time you want to change 5k BTC into fiat adds up eventually. On the bright side as the price of BTC deteriorates the cost to convert gets less and less.
I do not care what you do
I'm calling out your BULLSHIT fud, deaddog
You deliberately used the word spread on a trading site to suggest Btc, a global asset that trades 24/7/365 is illiquid like a boomer rock gold or real estate
And here you are again suggesting that Btc only trades down, you FUCKING ASSHOLE
Btc is up 60% YTD
If you put your life savings into the RISK FREE US Treasuries 3 years ago, you lost 50% of your net worth vs 400%+ positive if you put on Btc
And you're a fucking idiot so proud of putting your life savings in Canadian fiat that is down 40% in the last 3 years in purchasing power, congratulations IDIOT you lost 40% of your net worth and the US $ is adding insult to your losses
Yea, yea, you trade positive your nominal net worth is positive ,but real net worth is negative moron
Have a great day!
Like you said it's a trading site so people know that you have a different price for buying and selling an asset. They also know how BTC trades. If an exchance has the same price for buying and selling then there is a fee involved. To you a 1% fee is insignificant. Move from fiat to BTC several times and it adds up.
But if we split the difference between YDT and 3 years ago to 2 years ago we get a different picture. It depends on the spin you give the data.
Using a 2 year time frame SPY is about breakeven and BTC is down 50%.
My expences are in Canadian fiat, I never said my assets were in Canadian fiat but that is how they are valued. At any rate my liquid net worth increases every year, I don't have huge drawdowns. I can't deny that inflation is eating away at my spending power but that applys to all assets. You gotta admit that you need fiat to value BTC. While the price of everything is going up the price of BTC is fluctuating.
You also have a great day!!
1% is 1%, on a $5000 it's $50, do it 12 times a year, it's $600, doesn't seem like it's going to cause hardship
However, I've been buying btc the past few weeks and one of my buys was about $5k, and I looked up the fee is not 1%, it's about 60 basis points. Toe-May-Toe vs Toe-Math-Toe
And you saw the order book from previous post...