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[SCAMEXPOSER]

The Mayor has shown interest in cryptocurrencies for long now his making such Interest a reality.
Adams stated that he would accept Bitcoin for his first three paychecks. "But yeah, I'm going to take my first three paychecks in Bitcoin," the mayor said when asked if he had gotten the check in Bitcoin, which is now down in price. His reply was that Sometimes the best time to buy is when things go down, so when it goes back up you make a good profit. So he is expecting his bitcoin check soon .

 

[Wisdom01]

This is good despite the current bearish market he is still recieving his salary in Bitcoin and not in flat currency ,I think first it was Miami that was more keen into cryptocurrency ,but good to see newyork placing more concern towards cryptocurrency development with the mayor , I really hope the government could offer more concerns towards the development

 

[SCAMEXPOSER]

This is good despite the current bearish market he is still recieving his salary in Bitcoin and not in flat currency ,I think first it was Miami that was more keen into cryptocurrency ,but good to see newyork placing more concern towards cryptocurrency development with the mayor , I really hope the government could offer more concerns towards the development

It is it a big advantage for him because it's very optimistic that bitcoin will cover back and if it's been paid his salary in Bitcoin at the moment then obviously in few weeks or months from now is money might have increased significantly so it's a plus for the mayor.

 

[Wisdom01]

It is it a big advantage for him because it's very optimistic that bitcoin will cover back and if it's been paid his salary in Bitcoin at the moment then obviously in few weeks or months from now is money might have increased significantly so it's a plus for the mayor.

Well if he decides to hold instead of selling ,then I think that's probably when he could get more profit into his salary , because I believe if he is been paid now there is still possibility of him making gains ,I quite believe we'll that the price would move higher than ever it just depends on how investors takes to the market gains tho

 

[SCAMEXPOSER]

Personally found the one I'll be holding it and I believe to an extent you also be holding the coin just like you said in interview you said the best time to buy or to invest is when the price is down so currently if he is being paid now he is also very lucky considering that Bitcoin as one reached 70000 dollars. We are hoping it will go higher when it recovers.

 

[Brain]

who wouldn't want to receive money now in Bitcoin when the value it brings is higher. like myself for example I will prefer to receive money now in Bitcoin thsn my local currency. the value when exchange will be far higher than even dollars when exchange. so I prefer Bitcoin now.

 

[SCAMEXPOSER]

who wouldn't want to receive money now in Bitcoin when the value it brings is higher. like myself for example I will prefer to receive money now in Bitcoin thsn my local currency. the value when exchange will be far higher than even dollars when exchange. so I prefer Bitcoin now.

Honestly but some sites are reluctant to pay out money in Bitcoin or other cryptocurrencies at the moment there are the ones to pay out in Fiat currencies or occurrences considering the dip in the market but honestly if one is able to receive payment in cryptocurrencies now it is a big advantage.

 

[Kingsleyy]

It is a nice idea that cryptocurrency is being accepted and being recognised day by Day by a lot of people , but in as much as the popularity of cryptocurrency is gaining ground every day , it is also very important for us to understand that cryptocurrency is a volatile coin, for him a little decrease in the price of cryptocurrency will affect it overall portfolio. I don't really consider it

 

[SCAMEXPOSER]

It is a nice idea that cryptocurrency is being accepted and being recognised day by Day by a lot of people , but in as much as the popularity of cryptocurrency is gaining ground every day , it is also very important for us to understand that cryptocurrency is a volatile coin, for him a little decrease in the price of cryptocurrency will affect it overall portfolio. I don't really consider it

Everyone dealing with cryptocurrency that either accept it as a payment for services or accepting it as payment for salaries will no doubt be aware of the volatile nature especially during this period that the market continue to dip on daily basis. Mayor will soon smile no doubt about that

 

[Kingsleyy]

Everyone dealing with cryptocurrency that either accept it as a payment for services or accepting it as payment for salaries will no doubt be aware of the volatile nature especially during this period that the market continue to dip on daily basis. Mayor will soon smile no doubt about that

This is even the best time for people to receive payment in cryptocurrency if we are sure that the bear market will soon be over , we can just let it be for as long as we can hold but the problem is that if you're receiving salary in cryptocurrency for the main purpose of holding for it to increase in value then you need to look for another way of raising money to feed yourself and your family , that's the only disadvantage in holding of cryptocurrency whereas this is not applicable in fiat payment of salary.

 

[Emmanuel24]

His paycheck would earn him great amount if collects as a Bitcoin but he has to wait till Bitcoin price rises to normal state. Truly the best idea and method is to buy Bitcoin at low price so when it rises you become a successful person on Earth. Thus patience does all things.

 

[Wisdom01]

His paycheck would earn him great amount if collects as a Bitcoin but he has to wait till Bitcoin price rises to normal state. Truly the best idea and method is to buy Bitcoin at low price so when it rises you become a successful person on Earth. Thus patience does all things.

Patience is the real deal and key , because after purchasing Bitcoin , when the price increases it would give you more medium to be able to earn more profit , the Bitcoin market comes with so much risk , you should understand the market situation before you invest any amount

 

[fiery phoenix]

Bitcoin payments can be an advantage in the sense of transaction speed which is faster than that of bank transactions,and zero taxing advantages in countries like portugal,but bitcoin volatility is still the main disadvantage of crypto salaries.Can we solve it?

 

[Ben Kempton]

This is good despite the current bearish market he is still recieving his salary in Bitcoin and not in flat currency ,I think first it was Miami that was more keen into cryptocurrency ,but good to see newyork placing more concern towards cryptocurrency development with the mayor , I really hope the government could offer more concerns towards the development

I really think that he might have liquidated his cryptocurrencies quite quickly due to the fact that he knows that Bitcoin is dropping at a high rate and this means that he risks getting his salary deducted due to market crashes that take place all the time. He should monitor the wallet all the time and make sure he liquidates bitcoin on time. @Potuse @btaliat @Marcelino1

 

[btaliat]

I really think that he might have liquidated his cryptocurrencies quite quickly due to the fact that he knows that Bitcoin is dropping at a high rate and this means that he risks getting his salary deducted due to market crashes that take place all the time. He should monitor the wallet all the time and make sure he liquidates bitcoin on time. @Potuse @btaliat @Marcelino1

Though the news was not recent. It was reported almost 8 months ago. I guess that was the best time to receive in cryptocurrency. We should not forget that there was bearish market in January making the price of Bitcoin to be at its lowest ebb. Someone that has collected Bitcoin then would have witnessed the bearish market of April before the recent downtrend of Bitcoin.

 

[Potuse]

I really think that he might have liquidated his cryptocurrencies quite quickly due to the fact that he knows that Bitcoin is dropping at a high rate and this means that he risks getting his salary deducted due to market crashes that take place all the time. He should monitor the wallet all the time and make sure he liquidates bitcoin on time. @Potuse @btaliat @Marcelino1

Of course it is very possible that the mayor may have liquidated his bitcoin very quickly to prevent further losses. It is pertinent to note that bitcoin has been on a decline steadily and to further prevent losses, so many bitcoiners have liquidated their Assets. A further decline was predicted because the federal reserve is still planning to increase the interest rate.

 

[Ben Kempton]

Of course it is very possible that the mayor may have liquidated his bitcoin very quickly to prevent further losses. It is pertinent to note that bitcoin has been on a decline steadily and to further prevent losses, so many bitcoiners have liquidated their Assets. A further decline was predicted because the federal reserve is still planning to increase the interest rate.

Well, it all depends on the salary of the mayor. If I were to receive hundreds of thousands of dollars, then I would create a portfolio for myself. However, I think that mayor earns around $15,000 per month and this is quite important because I would not invest that much little amount in Bitcoin.

 

[Potuse]

Well, it all depends on the salary of the mayor. If I were to receive hundreds of thousands of dollars, then I would create a portfolio for myself. However, I think that mayor earns around $15,000 per month and this is quite important because I would not invest that much little amount in Bitcoin.

This is probably not the right time to invest in cryptocurrency generally because the market is consolidating and there is a clear picture that the investors are indecisive of their Investment in Bitcoin . This makes it very difficult to make money out of cryptocurrency presently.