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Topic: Bitcoin Daily Living - page 8. (Read 1322 times)

sr. member
Activity: 1274
Merit: 265
January 13, 2020, 11:55:44 AM
#5
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.
hero member
Activity: 1456
Merit: 567
January 13, 2020, 11:47:05 AM
#4
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)
Knowing the price fluctuation, do you always hold your money in bitcoin?

I mean don't you feel very hesitant to use your bitcoin to buy something when the price is falling? I feel it all the time.
legendary
Activity: 2702
Merit: 4002
January 13, 2020, 11:10:21 AM
#3
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.
I am happy with your approach, and you are not the only one. There are many famous companies that decided to take the same steps. For example, Namecheap decided to stop using Bitpay exchange payment.

I hope you make profits that keep you going for long periods of time.
legendary
Activity: 2030
Merit: 1573
CLEAN non GPL infringing code made in Rust lang
January 13, 2020, 11:09:20 AM
#2
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.

And what are the fees for using this debit card? This is one of the things banks that want to remain in business should start considering to do, become payment processors themselves.

Of course this is not exactly adoption but helping in the transition. If the merchant directly takes bitcoin, there is no reason to give extra fees to a processor. However, as a service, it is nice to have just in case.

More importantly, who else in addition to bitpay is doing this? Bitcoin cards (debit/credit) have existed before, but if i recall correctly their fees were very high, not unlike those of an ATM. It is for the convenience, i guess.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
January 13, 2020, 10:16:42 AM
#1
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.

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