Bitcoin Daily Living - page 5. | Bitcointalksearch.org

tungaqhd

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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 am using Bitcoin for any services that accept Bitcoin like domain/ hosting because it is my main online income. It is sad that Bitcoin is not accepted as a payment method so i don't have chance to use it more often.

k@suy

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Quote from: CarnagexD on January 15, 2020, 11:43:54 AM

Quote from: btccashacc on January 15, 2020, 11:11:16 AM

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

Bitcoin really needs a lot of improvement maybe it couldnt run today in such a good and excellent way but as time passes by I believe that it will improve. And also as long as we are here we can help the crypto world to improve. What we cant change is the coin's volatility because it is virtual money and we what we are talking here is about the demand from the stock market.

CarnagexD

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Quote from: btccashacc on January 15, 2020, 11:11:16 AM

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

btccashacc

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Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

aomakun

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Quote from: FairUser on January 15, 2020, 09:58:22 AM

Until now, I only use bitcoin to trade in this market to make a profit. In my country, cryptocurrency is not accepted so I have not had the opportunity to use bitcoin to pay for the goods I buy every day. In the future I hope that my government will remove the ban and apply cryptocurrency to payments so I can experience it. A lot of countries around the world have lifted the ban so I am confident that in the future my country will be the same.

uneven legality makes a way that can be used optimally is to invest or trade in the exchange. for direct use may not be evenly distributed between countries that have differences in the legality of crypto. so I think the first use that is currently maximized, and waiting for further developments.

Kevondo

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Quote from: k@suy on January 14, 2020, 11:34:35 AM

Quote from: carriebee on January 14, 2020, 11:17:49 AM

Bitcoin has been part of my daily living though in my country only few know about this crypto. But bitcoin has a big help because I can use it in paying bills and purchase goods. And some of my btc I hold for long term which I believe I can earn profit.

Even if I am staying here in the crypto world for how many years, I cant still say that the cryptocurrency is a part of my daily living because here in my country, cryptocurrency is not accepted as a mode of payment because only few knows about this and also before I can use my money from trading, I should convert it first into our own national currency.

Even if many people are not aware of its use and importance, and also it is not widely accepted as a method of payment it is still very helpful in our daily lives. It can be used as digital currency for paying bills etc. At the same time you can use it by converting it into your national currency. So, it is helpful in both ways.

FairUser

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Until now, I only use bitcoin to trade in this market to make a profit. In my country, cryptocurrency is not accepted so I have not had the opportunity to use bitcoin to pay for the goods I buy every day. In the future I hope that my government will remove the ban and apply cryptocurrency to payments so I can experience it. A lot of countries around the world have lifted the ban so I am confident that in the future my country will be the same.

keeee

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Quote from: dimonstration on January 15, 2020, 01:01:32 AM

Quote from: samcrypto on January 14, 2020, 06:13:53 PM

I only use bitcoin when necessary but if its just a normal transactions then i will use fiat money but will still depend on the situation. Many are still afraid to use this because of volatility and the price fluctuations. Bitcoin is still not accepted in all physical store in my place so I have no choice but to transact online, hoping for merchants to initiate and accept bitcoin in my country.

I used it to transfer money to other country without higher fee or hassle in going in remittances, though they will soon to convert it in fiat like I do sometime but it's helpful a lot. And as I prefer it to be my investment it is fine not using it daily to bear fruut once bitcoin adoption happens big time.

I also used my bitcoin for transaction with other people who are also using bitcoin because its much faster than the common that we used with our fiat. But when it comes to daily living and daily needs I always used fiat because some store doesnt accept bitcoin as a payment.

perla

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There are no chance in my country to use bitcoin for daily living. Maybe if there are regulation from government in my country that we people can use bitcoin to pay in merchants, some online shop that sell digital needs will keep open. Because of my government regulation, some of them already closed their services and only p2p transaction that can possibly created.

killerfrost

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In my country, there is not any public store or company that accepts payment in bitcoin. So I still don't have the experience of using bitcoins in my daily life, but for the past 2 years I've been using bitcoin to pay for foreign orders very quickly and conveniently because I No need to spend too much time and period to make payment. Hopefully one day in my country, stores will accept payments in bitcoin and cryptocurrency because it will make things faster and safer.

Colt81

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I have experienced using bitcoin for a daily living since 2017 and my earnings is kinda enough to support all of my expenses at home by just doing trading, mining, and joining signature campaign, but since the price of bitcoin started to decrease i always experienced losses in trading, joining in signature campaigns have been difficult, and earning in mining became less. So i decided to find a job because earning in bitcoin for a daily living nowadays became difficult.

White Christmas

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Quote from: chaoscoinz on January 15, 2020, 07:19:35 AM

I first started using Bitcoin back in 2014 and was just using it for buying pizzas from Papa Johns and other food places. Made a few purchases on Amazon and what not, but that's about it as far as everyday transactions go.
Coinbase even had a debit card called "Shift Card" at one point that had let you make purchases using your Coinbase balance to any merchant that accepts visa/mastercard. It really was good for a while until they abandoned it Undecided

That's great, at an early year you already try bitcoin in which bitcoin was not yet too boom and not yet known by many people. I also started bitcoin from clash of clans because the diamonds in clash of clans have a chance to bug when you buy through bitcoin and other cryptocurrency. And due to that scenario I have already go into the world of cryptocurrency so that I have already use to buy some items or things in purchasing some of the products from the amazon and different online shop, this probably the most convenient way of buying things because it is less hassle than going to some malls and that's why it is more food to used on our daily living.

Twentyonepaylots

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Quote from: Sadlife on January 15, 2020, 01:58:46 AM

Im using bitcoin for a different way im using it as my source of income and its not P2P transaction either because my country doesn't have businesses that accepts bitcoin payments that's why in order to purchase goods and products, i need to convert it to fiat. The lack of services accepting bitcoin is the reason i need to rely in fiat currency, i hope in the near future i could see cryptocurrency being use as global payments for anything.

The lack of proper knowledge from the higher ups and the insufficient technology we have right now are partly the reasons as to why bitcoin can't prevail as a currency just yet. More people will need to be in the crypto train to encourage everyone to get in, as of now the best thing we can do to keep bitcoin alive is to support and invest on it until it becomes a full-pledged currency everyone will be able to use.

chaoscoinz

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I first started using Bitcoin back in 2014 and was just using it for buying pizzas from Papa Johns and other food places. Made a few purchases on Amazon and what not, but that's about it as far as everyday transactions go.
Coinbase even had a debit card called "Shift Card" at one point that had let you make purchases using your Coinbase balance to any merchant that accepts visa/mastercard. It really was good for a while until they abandoned it Undecided

Oasisman

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Though I love the idea of how Bitcoin should be used in a daily living like using it to pay for something, thus it helps to further adoption of the technology, but I always consider its long term value and didn't want to spend a single dime in Bitcoin. Infact, I made my last transaction on December 2019 after I sold my 1080 graphic card to someone and I choose to receive a Bitcoin payment. The dude, didn't know about Bitcoin that much but heard of it before. So, I think that would be helpful for him and in cryptospace for adoption. Nevertheless, using Bitcoin in daily living is good, but there people who consider it as a store of value than a medium for item trades.

bitvalak

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Unfortunately my country limits payments using bitcoin after 2016, in 2014 it was still allowed. Either because of new regulations and regulations the circulation of cryptocurrency is very limited unless it is used as a commodity. But since then I have rarely used bitcoin as a payment because there is almost no marketplace in my country that provides payment options via bitcoin. Right now I just keep it as an asset.

Bim abk

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Quote from: Dhoe on January 15, 2020, 05:05:07 AM

Quote from: dimonstration on January 15, 2020, 01:01:32 AM

I used it to transfer money to other country without higher fee or hassle in going in remittances, though they will soon to convert it in fiat like I do sometime but it's helpful a lot. And as I prefer it to be my investment it is fine not using it daily to bear fruut once bitcoin adoption happens big time.

I also often use Bitcoin to transfer to other countries to finance my friend's school fees,
I use Bitcoin because it's faster and the fees are low. Not all countries can accept Bitcoin, so we must really understand the rules of a country.

in the cost I think the current price for me is already quite high, but in the cost depends on our region too because the transaction tax will be different in each country. maybe if for you expenses are relevant enough there will be no problem using bitcoin as a transaction.

Dhoe

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Quote from: dimonstration on January 15, 2020, 01:01:32 AM

I used it to transfer money to other country without higher fee or hassle in going in remittances, though they will soon to convert it in fiat like I do sometime but it's helpful a lot. And as I prefer it to be my investment it is fine not using it daily to bear fruut once bitcoin adoption happens big time.

I also often use Bitcoin to transfer to other countries to finance my friend's school fees,
I use Bitcoin because it's faster and the fees are low. Not all countries can accept Bitcoin, so we must really understand the rules of a country.

EdvinZ

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I am pleased with the enthusiasm of people who use Bitcoin in mutual settlements wherever possible and do not change the received bitcoins immediately into fiat money. But the objectivity is that the bitcoin exchange rate is very volatile and you can't be sure that tomorrow you will have the same amount in terms of dollars. It is good if the price of Bitcoin increases, but what if It decreases.

gabmen

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Quote from: ice098 on January 15, 2020, 02:09:37 AM

Quote from: Sadlife on January 15, 2020, 01:58:46 AM

Im using bitcoin for a different way im using it as my source of income and its not P2P transaction either because my country doesn't have businesses that accepts bitcoin payments that's why in order to purchase goods and products, i need to convert it to fiat. The lack of services accepting bitcoin is the reason i need to rely in fiat currency, i hope in the near future i could see cryptocurrency being use as global payments for anything.

I am strongly agree to what you have said. Actually me too, I am using trading as a source of my income since I am still a student and I cant afford to apply for a full time job because my schedule is volatile thats why I am pursuing my trading job because it is easy, convinient and most especially you are the one who hold your schedule in posting and you can post and trade anytime.

Isn't that a bit dangerous? I mean, if you're making money out of trading while studying that's great but isn't that a bit of a risk? There aren't any guarantees you'll have successful trades all the time so they probably would come a time when you'll have to get money outside of your crypto earnings. Won't that be a distraction to your studies?

Topic: Bitcoin Daily Living - page 5. (Read 1322 times)