Bitcoin Daily Living - page 3. | Bitcointalksearch.org

Fappanu

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Quote from: TimtheYoutuber on November 13, 2019, 12:37:18 PM

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin

Who here uses Bitcoin daily or lives on the financial crypto market?

I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

You mean that in your country almost all stores accept bitcoin? Because it is difficult to live if you only use your bitcoin to pay especially since not everyone is aware of crypto currencies. Here in my country there are very few stores that accept bitcoin. So fiat money is still my main thing when it comes to payment.

TimtheYoutuber

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Quote from: crypto.farm on December 11, 2019, 01:26:00 AM

Interesting very feasible once the utilities start accepted bitcoin....its funny we all need the internet ISPs even in order to use bitcon core, or this fourm, yet I have not seen any news of major telco or ISP accepting BTC...

Imaging automatic withdrawals one day with a trusted wallet architecture for paying the monthly utilities. Daily use will skyrocket.

Bitcoin needs to be an asset that people want to use. The cryptocurrency majority, only use it as an investment or rare sends.

crypto.farm

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Interesting very feasible once the utilities start accepted bitcoin....its funny we all need the internet ISPs even in order to use bitcon core, or this fourm, yet I have not seen any news of major telco or ISP accepting BTC...

Imaging automatic withdrawals one day with a trusted wallet architecture for paying the monthly utilities. Daily use will skyrocket.

posoa

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Quote from: Inkdatar on December 07, 2019, 06:49:30 AM

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very interesting to read the article, but it can be applied if in my country bitcoin has been implemented and supported by the government, for now I still find it difficult to carry out daily activities using bitcoin .. !!

This is the reality, even in my country lack of establishment to use bitcoin as payment. So, still fiat money is easy to use that can buy goods and services. But, we can use btc in online to buy some what we needs. Also, I use btc for investment and trading other crypto.

I actually use bitcoin in all my online transactions that accepts bitcoin as a means of payment. But in the country where i come from it is not all shops and business centers that accepts bitcoin, but wherever bitcoin is accepted, I also use it for buying, some shop outlets even place Notice of accepting bitcoin. The highest and most reliable place of using bitcoin is on the online transactions where I easily use bitcoin.

BartS

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Quote from: shoreno on December 06, 2019, 07:16:33 PM

good to hear that from you . i wish many users can be like you were they will try to learn to use thier btc for everyday use instead of using a fiat , in that way they can somehow show thier support on cryptos like btc . actually we are on the same boat op as ive been also living with the help of btc and other cryptos i use them to purchase my need whether daily or on every other day . id say that btc really helped me alot , once people know how to use btc i think they will never turned back .

If I could use my bitcoin in my everyday life then I will do it but there is not a single store near me that accepts bitcoin so I do not have any option but to keep it and to try to multiply it, but as soon as that changes as bitcoin becomes more adopted all over the world I will have no problem using my bitcoin to buy the stuff that I need.

But at the rate in which bitcoin is being adopted in my country I have doubts that I will be able to buy anything during the next decade.

cotton ball

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Quote from: DevilSlayer on December 10, 2019, 08:45:18 PM

Quote from: stiffbud on December 10, 2019, 07:50:05 AM

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Quote from: bitzizzix on December 07, 2019, 02:19:41 PM

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

It is the main issues of everyone who using bitcoin as payment. There are blockchain confirmations and it makes the transaction slower. Using fiat is more better than using bitcoin in our daily lives but today there is a new innovation where the transaction using bitcoins will become faster and it is the bitcoin lightning network.

Daily living with bitcoin only for trading and investing, with not have regulation in my country about bitcoin become legal currency payment I use bitcoin only for investment assets, if bitcoin have been legal as currency payment I keep use bitcoin for trading and better use cash money for payment transaction because I like make transaction with traditional market where not support using digital payment.

DevilSlayer

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Quote from: stiffbud on December 10, 2019, 07:50:05 AM

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Quote from: bitzizzix on December 07, 2019, 02:19:41 PM

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

It is the main issues of everyone who using bitcoin as payment. There are blockchain confirmations and it makes the transaction slower. Using fiat is more better than using bitcoin in our daily lives but today there is a new innovation where the transaction using bitcoins will become faster and it is the bitcoin lightning network.

HarmonyA

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Quote from: TimtheYoutuber on November 13, 2019, 12:37:18 PM

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin

Who here uses Bitcoin daily or lives on the financial crypto market?

I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

The possibility of living on bitcoin is not yet visible in my geographical location. Though I do convert bitcoin to fiat before making payments of goods and services.
The speculative price of bitcoin doesn't encourage me to bank on it, despite that the digital asset is the most reliable on the long run.
The Popular and Unpopular ways of living on Bitcoin are interwoven as they aid the scalability of bitcoin.

tambok

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Quote from: deadthings on December 10, 2019, 10:11:27 AM

There are many countries which don't allow bitcoin usage and there are many countries where you cant use bitcoin because of absence of infrastructure like crypto exchanges, crypto ATMS and more. In these areas people can never have a daily living on bitcoin and bitcoin will remain just an asset until hurdles are removed.

Yes especially in Asian, seems like Bitcoin is becoming normal now in those countries especially here in Philippines wherein we don't need to hide anymore in banks and in the remittance center that we are working as a freelancer in crypto, or that we have earned from crypto trading, unlike before wherein they will question you a lot where is your income coming from.

deadthings

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There are many countries which don't allow bitcoin usage and there are many countries where you cant use bitcoin because of absence of infrastructure like crypto exchanges, crypto ATMS and more. In these areas people can never have a daily living on bitcoin and bitcoin will remain just an asset until hurdles are removed.

buwaytress

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Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

But what about those simply earning more and more of their income as crypto? Or those earning virtually all in crypto (I consider myself one). I used to think my type would grow, think I'm a bit wiser these days and I do realise it's not easy, the world of those dealing only in crypto is so small. But do people really repurchase bitcoin when they use it to pay? I know it used to be recommended and even in some Bitcoin communities like in Arnhem they seem to do that a lot, but why do you think people are fixated on keeping their bitcoin supply replenished? I mean, I spend as much as I can in bitcoin, and convert only what I need for stuff I otherwise can't pay with bitcoin.

Maybe we should be encouraging more people to transact in bitcoin, then we reduce the need to even replace with fiat.

Quote from: stiffbud on December 10, 2019, 07:50:05 AM

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

Yeah? When was the last time you paid with bitcoin? Care to share your tx id? I'll tell you immediately how you could reduce your fees. I have not paid more than 1 cent (in satoshi) for fees in a really long time.

My bank charges me 25 cents for paying with fiat -- to local merchants!

stiffbud

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Quote from: bitzizzix on December 07, 2019, 02:19:41 PM

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

arimamib

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For me Bitcoin living is everday earning and trading on it,as for spending well I usually change it back to my country's Fiat before I can buy anything,I can't wait for my country to legalize it,tired of using the Fiat currency.😞

some cases like this have happened in several countries, and so far if there are still exchanges that can make exchanges from Bitcoin to FIAT then that's not a big problem. the most important thing is that bitcoin still benefits the people in your country, even though its use cannot be used in full

Shakreen

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in theory,I don't always use bitcoin every day ...
I prioritize future investments rather than using bitcoin every day ...
Because I'm sure bitcoin will have a brightly proven future ... with a few shops and several franchises has adopted BITCOIN and it is possible that world banks will use it as an interbank transfer ......
I hope The best for BITCOIN

coinfinger

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There are lots of things you can do with cryptocurrency, most of them are not direct. I make use of cryptocurrency sometimes, and it's mainly for receiving money. Bitpay has made it easy for us to be able to spend our bitcoins nowadays, the VISA debit card allows users to be able to withdraw their bitcoin as cash from any ATM that has the VISA logo.

Apart from the debit card, the gift cards are another great feature of the Bitpay wallet, as users don't need to leave the site, they can easily convert the Bitcoin to gift cards and buy whatever they need, whether from Amazon, booking on Delta and a lot more.

GideonGono

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Quote from: Xxmodded on December 06, 2019, 12:48:55 PM

Quote from: romero121 on December 06, 2019, 11:36:32 AM

Quote from: erickastella on December 06, 2019, 09:30:04 AM

I do not use bitcoin directly but I sell bitcoin in the local market in my country, where after selling bitcoin I get a local balance in terms of RUPIAH balance (INDONESIA) where it can be used as a voucher that can be used by other local market users named (INDODAX ) I usually use goods / transactions using vouchers because it's easier and faster.

Myself too prefer spending bitcoin selling it to traders on localbitcoins. Also we don't have much of access to buying of things with bitcoin. In recent years majority of direct bitcoin spending of mine were on gambling. In my country slowly businesses have begun to accept bitcoin, maybe when government makes strong decision supporting the usage of cryptocurrency daily living with bitcoin becomes possible.

Only use bitcoin for withdraw and keep become my investment assets, not available using bitcoin as legal currency in my country I keep trade and invest with bitcoin, I don't mind if government want to allow or not using bitcoin as legal currency payment, I am glad when my country give space for bitcoin to invest and trade on bitcoin without banned by government.

In my country, you can spend your bitcoins but limited into this certain app but of course it still priced as what the local currency value is when converted which had a certain percentage between the sell and buy price made by the website and not on the actual buy and sell orders that's why I prefer to keep my bitcoins as bitcoins and have spare fiats that I can spend or convert some of it to fiat so I have money to spend. It is better to keep bitcoins rather than spend it or spend it in the online world which would be much less hassle when you use fiat.

Twentyonepaylots

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Quote from: bitzizzix on December 07, 2019, 02:19:41 PM

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

It's kinda sad knowing that bitcoin hit and become popular as a form of investment rather than a currency, but that is what most likely to happen because of its price and I think satoshi nakamoto anticipated it that is why he made bitcoin into smaller denomination. I'm not going to be hypocrite, I am using bitcoin as a investment as a matter of fact I've been holding for a year now expecting the bitcoin could run to sky but its really sad. Bitcoin is supposed to be a form of currency to be use globally but whyy do we focus on smaller picture when talking about bitcoin.

bitzizzix

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I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Assface16678

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people can start live with bitcoin when all of people need is available, i mean payment use bitcoin. you cant live fully with bitcoin because not all store accept it as payment, not to mention in a country that ban bitcoin.

Today many people are trying to use the bitcoin or the cryptocurrency because they know it has a lot of benefits and advantage than using the traditional way. Commonly the people use the cryptocurrency to make money online. One of the good things you can do in crypto is to invest your money, while the price of the coin, your money will also grow. The other way of earning is to play gambling online with the use of cryptos it tests your knowledge and skills in gambling to make money. By these, it helps a lot of having a source of income and to your daily living like paying for bills and buy your needs and if you have extra money you can buy your needs. I highly recommend if you have money is to try mining too to have a lot of sources.

Lecam

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Quote from: TimtheYoutuber on November 13, 2019, 12:37:18 PM

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin

Who here uses Bitcoin daily or lives on the financial crypto market?

I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

Many investing in bitcoin because theg are believe that they can get a benefits. And bitcoin daily living of many investor because they can see there benefits once bitcoin price goes up. So investor are in good hand once they buy bitcoin because they are know what they are doing.

Topic: Bitcoin Daily Living - page 3. (Read 1839 times)