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Digital currency revenue is the first step towards a decentralized future.
Why didn't I see this coming? Why haven't you closed your positions and recorded a profit? Perhaps you ask yourself these questions every day. Let's face it, cryptocurrencies are getting cheaper. How long will the bear market last? No one knows that.
The decline in asset values is emotionally exhausting and leads to many investors making wrong decisions. On the other hand, the bear market is a great time to get paid in cryptocurrencies. Therefore, instead of wasting energy on experiences and disappointments, direct it in a productive direction.
Do you believe in scriptorially and know that sooner or later the prices will start to rise? In this case, transferring part of your salary to cryptocurrencies means that you buy them at a significant discount. Today we will talk about three advantages of working for digital currency. Bonus: at the end you will find some practical tips.
1. Elimination of emotional aspect
People are bad at managing their emotions-especially when it comes to investing. We easily succumb to greed and fear, creating bubbles in the market.
The reactions of our brain, originating from ancient ancestors, can be studied in the financial markets in real time. This extremely productive discipline is called"market psychology". Investors pursue price increases, succumbing to greed, and then massively sell assets at the first sign of weakness. In other words, they buy at a high price and sell at a low price.
"The stock market is a mechanism for moving money from the impatient to the patient" — Warren Buffett
Managing your emotions is a noble goal, but on the way to it, most people fail. What if you didn't have to rely on willpower and emotional fortitude?
Cost averaging
You've probably already heard about this approach. The investor sets a certain schedule and buys the cryptocurrency for a certain amount on a monthly basis, regardless of the price. This strategy is called "cost averaging". It helps to minimize the risk of market fluctuations and at the same time reduce the consequences of uncontrolled human emotions.
For most of us, cost averaging (US) is the best strategy that is many times greater than trying to get ahead of the market.
Salary in cryptocurrency is a kind of a kind of this strategy, as you "buy" some amount of digital assets from your employer every month. It is justified even if the payments are irregular and depend on the availability of clients/project stage.
Risk management: discipline helps prevent disaster
Receiving a salary in cryptocurrency, you can let part of the monthly costs, and the rest left in the cold wallet as an investment. This is a sober and reasonable approach to investing in digital assets. If followed, you can minimize the risk of destructive behavior, such as buying bitcoins with borrowed or mortgage money.
Instead of becoming a slave to emotions, develop a system of rules / restrictions. For example, "I invest 10% of my monthly income" or "I invest only money from side jobs".
Another great option is to find a side job with payment in cryptocurrency. Stop staring at the graphics, trying to predict market movements, or participate in online battles about the prospects of a project. Instead, relax, calm down and focus your energy on something more productive. Start earning cryptocurrency.
2. Cost savings
If you buy cryptocurrency independently on a platform like Coinbase, the costs will be about 1.5%. At first glance, this amount seems small, but over time it grows to a significant value.
After the purchase of the cryptocurrency must be transferred from the exchange account to the wallet (preferably hardware). This transaction also has to be paid for. Currently, the fee for the transfer is small (about $0.5 in the case of bitcoin), but when the network is loaded, it can increase many times.
Getting a salary in cryptocurrency, you save on costs-they are paid by the employer. The money goes straight to the wallet. Note: the Commission will have to be paid if the cryptocurrency is then changed to regular money.
For such operations, Lightning Network is perfect. It allows employees to get paid for each worked period of time (week/day/hour), while transactions are instant and cost a penny. Lightning Network saves resources of the company (the process of calculation and payment of wages is quite time-consuming) and is much more convenient for employees (frequent and direct payments).
3. Support for the cryptocurrency movement
Salary in cryptocurrency contributes to the development of the movement you believe in. What system do you support: decentralized or bureaucratic, controlled by Central banks and governments? Free or monopoly?
Whatever your decision, choose wisely, because our future life depends on it. Working for cryptocurrency means that you vote for a parallel economic system, free from the control of the authorities and Central banks.
The more people use cryptocurrencies, the more popular they become. If everyone starts demanding payment in digital money, sooner or later companies will listen to them. Imagine what would happen if the largest corporations started paying employees in bitcoins. Even 10% of payments in digital form will be enough to reach the turning point. Bitwala service allows businesses to pay employees in regular money, but to get paid those are already in bitcoin.
For cryptocurrencies to" become mainstream " (whatever that means), their early apologists (all of us) must take an active part in the crypto economy, because no one will do it except us. Let us set an example for others.
Practical part: how to find a job with a salary in cryptocurrency
In recent months, cryptocurrencies are becoming cheaper, but this does not prevent the industry from experiencing a real boom. The number of jobs associated with the blockchain is increasing every day. Large banks, governments and corporations are entering the industry.
speaking of which, the most talented people are moving from classic companies to blockchain startups.
Here are some ideas on how to participate in the "brain drain" in the blockchain industry.
Four ways to get a job with a salary in cryptocurrency:
Find a job in the relevant industry (many, though not all, startups pay employees in cryptocurrency);
To accept payments in bitcoin from clients/customers;
Writing materials for platforms like Steemit;
Perform tasks in exchange for cryptocurrency (examples: BitGigs and Coinality).
Working in the crypto space is different from working in the "real world". Make sure you understand the industry you are going to work in.
What if I'm not a programmer?
That's OK. Many people started from scratch. First, it is never too late to learn. Secondly, there are many classes that are not related to programming. Experienced researchers, public relations specialists, writers, marketers, designers and, of course, engineers of all kinds are in demand in the industry.
As for job search, first you can see the open positions on the sites like CryptoJobsList.com, CryptoJobs, CryptoCurrencyJobs, etc.
Let's create a decentralized future!
Salary in cryptocurrency allows you to participate in the creation of a decentralized future. Changing macroeconomic trends on our planet is an ambitious goal, but if we all make small changes in our personal lives, it may be enough to make the dream come true.
Ask your boss to pay you a salary in cryptocurrency, find a part-time job in the industry, create tools to support it, start accepting payments in digital currencies from clients or become part of the movement. Earn cryptocurrency and help build a digital future.
When the bear market comes to an end, who would you like to be: an emotional wreck that wasted a whole year, or a person who accepted the circumstances and decided to change his life? Become part of the solution. Start working for cryptocurrency!