Bitcoin Daily Living | Bitcointalksearch.org

Gladiator25

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Quote from: TimtheYoutuber on January 13, 2020, 10:16:42 AM

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 debit card product)

This is a really interesting topic so I have reopened it. Here are some of my other threads on the topic that were closed. It is really cool to see the progression of comments which suggest that people are using it more and more.

Previous topics
Bitcoin Daily Living
Who here lives on crypto currency daily?

I'm not the one who uses bitcoin in daily lives. Our country didn't have a enough stores or organizations or jobs that uses bitcoin as a payment or anything. If bitcoin payment will be implemented across the different location in our country. I can say that my use of bitcoin will gradually increase. I want to use bitcoin in daily life since it has an easy and fast transactions.

betty11

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I personally only keep bitcoin meant for trading and profit taking as I currently don't have a back up fund because of the current situation of the world economy and the cities lock-down. Keeping bitcoin and watching daily price can spell doom for the holder. It's better to just buy and keep for the future.

KrisAlex18

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Actually I am from the country where bitcoin is not well know by others and even our government do not accept the cryptocurrency in our land, so basically back to the thread, I am not using my bitcoin or any of my cryptocurrency to buy some gokds, stuffs or any other things that bitcoin can buy because of being restricted on it by our country.

So the best option that I am doing with my cryptocurrency is to convert it into fiat currency so I can still use it to buy something I like. I am investing it for so many months and if I wanted to but things I'll just converted it into fiat currency.

How I wish that our government would see the goods and benefits of having a cryptocurrency in the country, it is really good alternative for fiat currency.

Assface16678

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I use Bitcoin as my source of income but due to the lack of businesses accepting it as payment i need to convert some of it to fiat to buy necessities such as food, commodity and clothing.
I hope that the financial crisis becomes more severe that could lead to the collapse of stock markets then people would discover Bitcoin and its usefulness without the control or the risk of being tracked.

Today one of the most common payment is the use of the bitcoin because many people today are using it to make more earnings and also at the same time paying to the other party that is included to the business and it is good too because we can now make faster and secured transaction we do not need to go outside just sending the address only also it is better because we can now buy a lot of foods and things because most of the stores today now are accepting bitcoin as payment because they know it is more convenient they don't need to make an exchange because they can now use the direct transaction also today it is more useful because there is a rule of social distancing to avoid having contact to the other people and money is dirty too it can transfer the virus with the physical money so one of the safest transaction is with the online or the bitcoin.

Baoanhbmt

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It is quite hard to use Bitcoin for daily living. I always strive to earn it everyday to have extra income to cope up my daily expenses. So far, bitcoin has been really part of my daily living though not directly I'm paying it but its been part of my daily activities. in my country of residence there are no services or payments using bitcoin, and if I want to use bitcoin for any payment I have to exchange bitcoin to become fiat. i hope in the near future i could see cryptocurrency being use as global payments for anything.

doomloop

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Quote from: awik p on January 25, 2020, 10:20:47 PM

Quote from: topbitcoin on January 20, 2020, 03:58:38 PM

Quote from: doomistake on January 20, 2020, 12:42:32 PM

Quote from: Mpamaegbu on January 20, 2020, 10:11:03 AM

Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

How do you control or address volatility? Kill all the whales and confiscate their hodlings? Of course, that isn't going to happen. Besides, volatility is what makes Bitcoin popular and what it is. Some of us need that volatility to excite trades. Without it the market seemingly stays down.

Well we can't really do such thing like that, we have no power totally over the volatility of crypto currency have. The most funny part is that many people are complaining about it, but the truth is, it is a blessing in disguise for those who knows what cryptocurrency really is, by saying that, people are having a hard time making profits because of they misunderstood how cryptocurrency works.

I think both side as long respect each other will be good. Because bitcoin itself is flexible, it can be payment and it can be storing asset but if seller afraid about volatile, i think he can sell it directly and exchange to fiat to avoid it.

but with high fluctuations, I think a drastic decline may occur in a day, this is not a problem for large traders, but for small traders I think it is very risky, because business capital is limited, especially if the trader does not understand cryptocurrency

I think risk element is present for both daily traders and also long term investors. How you deal and manage the risk is very important. I would say if you have bad experience with long term trading do not give up adopt the different strategy by making a division between both. In this way you can experience both ways and can learn the techniques also.

awik p

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Quote from: topbitcoin on January 20, 2020, 03:58:38 PM

Quote from: doomistake on January 20, 2020, 12:42:32 PM

Quote from: Mpamaegbu on January 20, 2020, 10:11:03 AM

Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

How do you control or address volatility? Kill all the whales and confiscate their hodlings? Of course, that isn't going to happen. Besides, volatility is what makes Bitcoin popular and what it is. Some of us need that volatility to excite trades. Without it the market seemingly stays down.

Well we can't really do such thing like that, we have no power totally over the volatility of crypto currency have. The most funny part is that many people are complaining about it, but the truth is, it is a blessing in disguise for those who knows what cryptocurrency really is, by saying that, people are having a hard time making profits because of they misunderstood how cryptocurrency works.

I think both side as long respect each other will be good. Because bitcoin itself is flexible, it can be payment and it can be storing asset but if seller afraid about volatile, i think he can sell it directly and exchange to fiat to avoid it.

but with high fluctuations, I think a drastic decline may occur in a day, this is not a problem for large traders, but for small traders I think it is very risky, because business capital is limited, especially if the trader does not understand cryptocurrency

wxa7115

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Quote from: Mpamaegbu on January 20, 2020, 10:11:03 AM

Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

How do you control or address volatility? Kill all the whales and confiscate their hodlings? Of course, that isn't going to happen. Besides, volatility is what makes Bitcoin popular and what it is. Some of us need that volatility to excite trades. Without it the market seemingly stays down.

The volatility in this market is never going to be controlled, as you say the nature of this market will never allow that and lets be honest many of us do not want that, I like the volatility of the market and the fact I can make a lot of money with it in a short amount of time.

This means that people will have to adapt to a currency like that and while this may seem discouraging as fiat is way more stable I think this is going to change once we see another financial crisis and fiat shows that it can be volatile as well except that fiat always losses value while bitcoin has a tendency to go up.

topbitcoin

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Activity: 1834

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Quote from: doomistake on January 20, 2020, 12:42:32 PM

Quote from: Mpamaegbu on January 20, 2020, 10:11:03 AM

Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

How do you control or address volatility? Kill all the whales and confiscate their hodlings? Of course, that isn't going to happen. Besides, volatility is what makes Bitcoin popular and what it is. Some of us need that volatility to excite trades. Without it the market seemingly stays down.

Well we can't really do such thing like that, we have no power totally over the volatility of crypto currency have. The most funny part is that many people are complaining about it, but the truth is, it is a blessing in disguise for those who knows what cryptocurrency really is, by saying that, people are having a hard time making profits because of they misunderstood how cryptocurrency works.

I think both side as long respect each other will be good. Because bitcoin itself is flexible, it can be payment and it can be storing asset but if seller afraid about volatile, i think he can sell it directly and exchange to fiat to avoid it.

doomistake

hero member

Activity: 1400

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Quote from: Mpamaegbu on January 20, 2020, 10:11:03 AM

Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

How do you control or address volatility? Kill all the whales and confiscate their hodlings? Of course, that isn't going to happen. Besides, volatility is what makes Bitcoin popular and what it is. Some of us need that volatility to excite trades. Without it the market seemingly stays down.

Well we can't really do such thing like that, we have no power totally over the volatility of crypto currency have. The most funny part is that many people are complaining about it, but the truth is, it is a blessing in disguise for those who knows what cryptocurrency really is, by saying that, people are having a hard time making profits because of they misunderstood how cryptocurrency works.

huige007

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Activity: 889

Merit: 253

Quote from: peter0425 on January 20, 2020, 07:32:23 AM

Quote from: crossabdd on January 20, 2020, 07:17:08 AM

I started working in 2009 ... I am not one of the rich. so I worked on a hard job. until I was married in 2014. and knew bitcoin in the same year. but i still work. 2015 I decided to stop working and try to live off bitcoin. 2016-2017 is the craziest thing that I got from bitcoin. without investment, without the money I spend on bitcoin. I am a bounty hunter, and managed to get houses and vehicles from bitcoin. this is my life from bitcoin. and today I still live daily from bitcoin.

until now you are not working outside Crypto?you are feeding the whole family and having funds just for bounty hunting?

i believe in 2016-2017 and at least first quarter of 2018 but after that?even traders keep on failing so how come that you survived those years without having regular work in real life?

well people have their own ways in treating crypto lucky that i am just holding my crypto income and feed my family from my regular job.

It offers multiple ways for daily living. You can include it in your daily life by using it at the places where it is offered as a method of payment. It offers multiple ways of earning also in this way you can make yourself financially secure. I myself is the new in this crypto market but I have learnt from others experiences that the aim which was set behind crypto’s foundation has been achieved. It is benefiting the users in their daily life.

malekbaba

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Quote from: breathlessz on January 19, 2020, 11:07:54 PM

Quote from: barabarian1 on January 19, 2020, 10:46:57 PM

Quote from: rokon1234 on January 19, 2020, 09:57:05 AM

Quote from: icewitch0612 on January 13, 2020, 12:23:39 PM

I do not think that bitcoin can be used in everyday life, at least not yet.

yeah i'm also agree with you.because,now bitcoin price is not stable.that's why this coin is not usable for our everyday life.

yes i also agree with you. I think bitcoin cannot be used for daily life because its high volatility makes it not suitable for payment. and I also live in a country that does not allow the use of bitcoin as a means of payment. so far I have not been able to use bitcoin for real life I only use bitcoin for investment and trading.

just like in my country, where bitcoin cannot be used for payment, but it is still fortunate that the government does not prohibit bitcoin ownership, so we can generate fiat from bitcoin trading. and I don't think it's a problem right now, because converting them to fiat currencies only takes a little time

Many countries have banned crypto. But people from those countries are using btc and other alts. Not a big deal. Thats why decentralization is important. You can keep your hardworking wallet anywhere you want. Can convert those coin into your local fiat if you want. May be you have to seek help fromb3rd party to help you or Escrow services to withdraw fund into your local fiat. If your local government banned crypto, dont worry, you still can use crypto

Mpamaegbu

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Once a man, twice a child!

Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

How do you control or address volatility? Kill all the whales and confiscate their hodlings? Of course, that isn't going to happen. Besides, volatility is what makes Bitcoin popular and what it is. Some of us need that volatility to excite trades. Without it the market seemingly stays down.

marcous

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Quote from: sovie on January 13, 2020, 11:55:44 AM

Quote from: hugeblack on January 13, 2020, 11:10:21 AM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

Well, But price volatility can actually be profitable if we can take of the moment. we can see BItcoin going up and down as well as Altcoin, and this is a good moment for day traders to make short-term profits I guess

peter0425

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Quote from: crossabdd on January 20, 2020, 07:17:08 AM

I started working in 2009 ... I am not one of the rich. so I worked on a hard job. until I was married in 2014. and knew bitcoin in the same year. but i still work. 2015 I decided to stop working and try to live off bitcoin. 2016-2017 is the craziest thing that I got from bitcoin. without investment, without the money I spend on bitcoin. I am a bounty hunter, and managed to get houses and vehicles from bitcoin. this is my life from bitcoin. and today I still live daily from bitcoin.

until now you are not working outside Crypto?you are feeding the whole family and having funds just for bounty hunting?

i believe in 2016-2017 and at least first quarter of 2018 but after that?even traders keep on failing so how come that you survived those years without having regular work in real life?

well people have their own ways in treating crypto lucky that i am just holding my crypto income and feed my family from my regular job.

crossabdd

legendary

Activity: 1316

Merit: 1145

I started working in 2009 ... I am not one of the rich. so I worked on a hard job. until I was married in 2014. and knew bitcoin in the same year. but i still work. 2015 I decided to stop working and try to live off bitcoin. 2016-2017 is the craziest thing that I got from bitcoin. without investment, without the money I spend on bitcoin. I am a bounty hunter, and managed to get houses and vehicles from bitcoin. this is my life from bitcoin. and today I still live daily from bitcoin.

Bagaji

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Quote from: barabarian1 on January 19, 2020, 10:46:57 PM

Quote from: rokon1234 on January 19, 2020, 09:57:05 AM

Quote from: icewitch0612 on January 13, 2020, 12:23:39 PM

I do not think that bitcoin can be used in everyday life, at least not yet.

yeah i'm also agree with you.because,now bitcoin price is not stable.that's why this coin is not usable for our everyday life.

yes i also agree with you. I think bitcoin cannot be used for daily life because its high volatility makes it not suitable for payment. and I also live in a country that does not allow the use of bitcoin as a means of payment. so far I have not been able to use bitcoin for real life I only use bitcoin for investment and trading.

If you have the believe that Bitcoin market value will appreciate in the next hour or next day you will not mind the volatility of the market value of Bitcoin but rather you are to accept it as a medium of exchange for goods and services.

NavI_027

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Activity: 1232

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Quote from: barabarian1 on January 19, 2020, 10:46:57 PM

Quote from: rokon1234 on January 19, 2020, 09:57:05 AM

Quote from: icewitch0612 on January 13, 2020, 12:23:39 PM

I do not think that bitcoin can be used in everyday life, at least not yet.

yeah i'm also agree with you.because,now bitcoin price is not stable.that's why this coin is not usable for our everyday life.

yes i also agree with you. I think bitcoin cannot be used for daily life because its high volatility makes it not suitable for payment. and I also live in a country that does not allow the use of bitcoin as a means of payment. so far I have not been able to use bitcoin for real life I only use bitcoin for investment and trading.

Take it slowly guys, be patient

. Our dream of having mass adoption will not happen overnight. Yeah! I agree with you that bitcoin can't be used in our daily life literally but at least crypto industry is now more accessible for everyone compared a decade ago, isn't it? Chill, let's just continue spreading the good vibes brought by this new technology and I know we can make it.

breathlessz

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Trphy.io

Quote from: barabarian1 on January 19, 2020, 10:46:57 PM

Quote from: rokon1234 on January 19, 2020, 09:57:05 AM

Quote from: icewitch0612 on January 13, 2020, 12:23:39 PM

I do not think that bitcoin can be used in everyday life, at least not yet.

yeah i'm also agree with you.because,now bitcoin price is not stable.that's why this coin is not usable for our everyday life.

yes i also agree with you. I think bitcoin cannot be used for daily life because its high volatility makes it not suitable for payment. and I also live in a country that does not allow the use of bitcoin as a means of payment. so far I have not been able to use bitcoin for real life I only use bitcoin for investment and trading.

just like in my country, where bitcoin cannot be used for payment, but it is still fortunate that the government does not prohibit bitcoin ownership, so we can generate fiat from bitcoin trading. and I don't think it's a problem right now, because converting them to fiat currencies only takes a little time

barabarian1

sr. member

Activity: 938

Merit: 250

Quote from: rokon1234 on January 19, 2020, 09:57:05 AM

Quote from: icewitch0612 on January 13, 2020, 12:23:39 PM

I do not think that bitcoin can be used in everyday life, at least not yet.

yeah i'm also agree with you.because,now bitcoin price is not stable.that's why this coin is not usable for our everyday life.

yes i also agree with you. I think bitcoin cannot be used for daily life because its high volatility makes it not suitable for payment. and I also live in a country that does not allow the use of bitcoin as a means of payment. so far I have not been able to use bitcoin for real life I only use bitcoin for investment and trading.

Topic: Bitcoin Daily Living (Read 1322 times)