Do you feel bad while paying with BTC? - page 11.

GreatArkansas

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Quote from: crypticj on March 23, 2023, 11:36:42 PM

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What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.

You should consider what is your goal and why you are holding or storing or accumulating Bitcoins.
If you buy some Bitcoins and spend them in your daily lives, then don't mind how much is the price of the Bitcoin on the time you spend them on your daily activities.
I think that's why it seems you are disappointed about the pizza guy before because instead of spending those Bitcoins he should have held. No one knows where Bitcoin will go before.

bitzizzix

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I think if there are circumstances that require you to pay using bitcoins, I think that's fine. And what we have to realize besides bitcoin being a good investment, bitcoin can also be an alternative payment if we really have to use it for some reason.
and I have also used bitcoin as a means of payment, for some reason and indeed at that time I had to pay using bitcoin and I was happy, because it was the first time doing it.

blockman

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Don't feel any guilt when you're spending it on something important. Money is made to be spent and just like bitcoin. But it's different this time on bitcoin because we can use it as an investment. The time will come when we have to spend or sell our bitcoins and that's okay. As long as you're mind is telling you that you've got the thing you desire in exchange for it for your satisfaction then that's good. It's inevitable that the time will come when we need to spend bitcoin and that's the actual use case of it for buying things and paying for them. Before I felt bad because I'm seeing it as an investment but until I realize that it was okay and that I'm helping the ecosystem of it through spending and using it, it made me relief.

Bananington

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You will feel better if you use bitcoins more for transactions when necessary. You will be crucified by your thinking for doing a transaction with bitcoins because you are not used to it and most likely just invest in bitcoins to make profit from increase in value. Inasmuch as we do not spend more bitcoins than we are keeping, we do not have a problem using bitcoins once in a while to pay for some things. Bitcoin is underutilized to many people who never use it for transactions but only to invest in. The people who are properly using bitcoins are the people who use it for transactions and still invest in it.

Obari

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With this mentality, I don't think you will ever have to sell your coin and I basically think the right idea is that, it is ok to sell ones coin if there is a profit on it and what really matter s is that we're not making loss but profit rather and one of the major reason I don't feel ok selling my BTC is the transaction fee and thank God for lightening network, except that, I don't see any reasons to make payments using Bitcoin for transactions.
I also agree with OP as I also have to swap my BTC to usdt before making payments or sending crypto just to cut cost on fees.

danadc

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Quote from: indah rezqi on March 26, 2023, 02:51:27 PM

Quote from: LittleBitFunny on March 26, 2023, 02:37:28 AM

Yes, it's our decision, no one is forcing us to do it, if we feel uncomfortable, we shouldn't do it. But if OP is talking about emergencies and spending bitcoins as a last resort, it's not a big deal because bitcoin has also helped us with problems in life. I also don't like spending bitcoins on daily activities, but in case of an emergency and the middle of a choice, I wouldn't hesitate to use my bitcoins. There are more important things than bitcoin in this life.

In an emergency or not, bitcoin is an alternative that anyone can use as a means of payment. An agreement is needed between the recipient and the sender regarding the means of payment, if both agree then the transaction is safe without any problems.

I also wouldn't spend bitcoin as a means of payment for anything, it's against the rules of my country. But that doesn't mean I don't support bitcoin as a currency, and it's possible that I'll spend bitcoins to pay if the seller accepts them as a means of payment in a pinch. The main problem right now is, bitcoin adoption cannot be done here because of the government's ban.

At this point in life I would like to pay only with fiat money because bitcoin is better to have it saved,it is safer because it is the best investment in the world, I do not see a bad thing in spending and paying for it with bitcoin because it encourages all adoption and it makes people interact more with bitcoin,but I feel that I know a lot about bitcoin and for that reason I try to save money,because I know that the scope can be Monumental and since knowledge is everything for a reason I say that the best thing is have it like this.

The Cryptovator

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I can understand the emotions that arise when spending Bitcoin directly. However, it is important to remember that Bitcoin is meant for peer-to-peer transactions and can be used whenever needed. At times, I sell Bitcoin to meet my needs when there are no other options available. This is not a bad thing as it helps me in my daily life. However, I always try to avoid making large purchases as I do not want to lose a significant portion of my Bitcoin portfolio. For smaller transactions, using Bitcoin does not matter to me, and I certainly make use of it.

indah rezqi

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Quote from: LittleBitFunny on March 26, 2023, 02:37:28 AM

Yes, it's our decision, no one is forcing us to do it, if we feel uncomfortable, we shouldn't do it. But if OP is talking about emergencies and spending bitcoins as a last resort, it's not a big deal because bitcoin has also helped us with problems in life. I also don't like spending bitcoins on daily activities, but in case of an emergency and the middle of a choice, I wouldn't hesitate to use my bitcoins. There are more important things than bitcoin in this life.

In an emergency or not, bitcoin is an alternative that anyone can use as a means of payment. An agreement is needed between the recipient and the sender regarding the means of payment, if both agree then the transaction is safe without any problems.

I also wouldn't spend bitcoin as a means of payment for anything, it's against the rules of my country. But that doesn't mean I don't support bitcoin as a currency, and it's possible that I'll spend bitcoins to pay if the seller accepts them as a means of payment in a pinch. The main problem right now is, bitcoin adoption cannot be done here because of the government's ban.

SirLancelot

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Quote from: Pokapoka124 on March 24, 2023, 12:38:11 PM

That’s because most people in the bitcoin community see bitcoin as a store value and do not like to use bitcoin as a currency. Spending bitcoins on stuff like groceries and gadgets feels like a waste of investment to many bitcoiners, which is kind of strange to admit considering that we like to talk about how bitcoin is going to replace fiat. I believe the story you’re referring to is Laszlo pizza story. FYI that will forever be remembered in bitcoin history.

They invest in Bitcoin because of the profit and they will still use the profit to buy or pay something. This isn't different than using Bitcoin directly. They can in fact save time and fees if they do it than converting their Bitcoins first. When they convert or sell their Bitcoins, the same doubt can still be experienced if one is overthinking that what if it became really expensive one day?

If BTC became a replacement to fiat, these people won't have a choice anymore to use their Bitcoin but I doubt it will happen. BTC isn't that good in the eyes of the government/banks and there are many things that could go wrong if there are no more local currencies.

Luzin

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Quote from: Nrcewker on March 26, 2023, 03:50:17 AM

Only pay with bitcoins if there are no alternatives or choices. Bitcoins are limited in number, so they are very valuable. Now if you giveaway these bitcoins like this to everyone, you will definitely miss the opportunity to sell the coins at a comparatively high price. I really feel bad when I don’t have any other options other than Bitcoins to make the payment, and then suddenly the price of the coin increases. I often regret my decisions, and I have finally made up my mind that I will try to avoid as many Bitcoin transactions as possible. This is my feeling when I spend bitcoins unnecessarily.

Sure, I made BTC like the savings of the future. I will not reduce unless the need is urgent and have no other options. So I try to store BTC and even want to always increase the amount.
Indeed, in the previous period I had made BTC into fiat money for the birth of my child. I fulfilled all my child's birth needs through BTC. No regrets. But that's because I had to do that, because I didn't have enough money at the time. But it made me eager to collect more BTC again.

KaliLinux

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Quote from: Solosanz on March 24, 2023, 01:02:08 AM

30+ Bitcoins? who's him? I think you're refer to Laszlo Hanyecz where he spend 10,000 Bitcoins for 2 pizza and he was not disappointed for doing it, so why you should care with it?

It's your choice if you want to pay with BTC or not, but I believe there's a time where you will convert your Bitcoin to cash because you will need that money in the future, you can't just hold it and not enjoy what you've accumulated so long.

I agree with you. It wouldn't matter whether you spend your Bitcoin directly on whatever you wanted to pay for or you decide to convert to cash and still spend it as fiat, either way, you are still spending it. I don't think this kind of sentiment should be attached to Bitcoin spending because we however know that you cannot hold them forever you still have to spend them one way or the other.

fuguebtc

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Quote from: traderethereum on March 25, 2023, 05:48:57 AM

Quote from: fuguebtc on March 25, 2023, 02:57:48 AM

For those who consider bitcoin as an investment, spending bitcoin is uncomfortable and wasteful because they believe the value of bitcoin will be huge in the future. But there are also people who only see bitcoin as a currency, a means of payment, spending bitcoin with them is normal because it will contribute to promoting bitcoin to become more popular. Bitcoin is very versatile, so it depends on the purpose of each person we use it. I also rarely use bitcoin to pay, but using it in cases of need is not a problem because I can buy it back later.

It will only reduce the number of bitcoins if they use bitcoin as a means of payment.
Besides that, with the current situation and conditions where not many countries accept bitcoin as a means of payment, it would be better if we used bitcoin as an investment tool first.
After bitcoin can be accepted as legal tender in all countries, we can use it or choose fiat.
And for now, I think that it's better if I just keep the bitcoin because there is very high upside potential for the bitcoin price.

Legally, I don't want to spread Fuds or have pessimistic thoughts. But I doubt that bitcoin will be accepted for legal tender in all countries, I never thought that would happen. For countries with developed economies like the US or EU that have stable currencies, there's no reason they should accept a currency they can't control. It's not in their favour, so that possibility is improbable. In the future, I predict bitcoin will be classified as an asset class like gold and will become the reserve asset of countries. Therefore, we should accumulate and hold bitcoins from now on when their value has not reached its real value.

Nrcewker

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Only pay with bitcoins if there are no alternatives or choices. Bitcoins are limited in number, so they are very valuable. Now if you giveaway these bitcoins like this to everyone, you will definitely miss the opportunity to sell the coins at a comparatively high price. I really feel bad when I don’t have any other options other than Bitcoins to make the payment, and then suddenly the price of the coin increases. I often regret my decisions, and I have finally made up my mind that I will try to avoid as many Bitcoin transactions as possible. This is my feeling when I spend bitcoins unnecessarily.

hZti

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Quote from: MAAManda on March 25, 2023, 10:04:51 AM

Quote from: crypticj on March 24, 2023, 08:03:04 PM

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you don't want to end up like him and believe that the real value of Bitcoin (BTC) is even eg $500K, you can spend nothing with Bitcoin (BTC), just use stablecoins like USDT, BUSD and other stablecoins. As simple as that, mate. So, I think we have the conclusion here, you have the choice not to or use Bitcoin (BTC) in the transaction you want to make, the decision is all yours.

Nah that’s not the right solution to that, because Bitcoin needs Bitcoin acceptance to be useful. If you create an acceptance for USDT you just create an acceptance for yet another manipulated shitcoin that will definitely at some point implode at some point and remove all the process. Would be the same if you create DOGE acceptance and other stuff like that. Looks good but has no value long term.

LittleBitFunny

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Quote from: MAAManda on March 25, 2023, 10:04:51 AM

Quote from: crypticj on March 24, 2023, 08:03:04 PM

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you don't want to end up like him and believe that the real value of Bitcoin (BTC) is even eg $500K, you can spend nothing with Bitcoin (BTC), just use stablecoins like USDT, BUSD and other stablecoins. As simple as that, mate. So, I think we have the conclusion here, you have the choice not to or use Bitcoin (BTC) in the transaction you want to make, the decision is all yours.

Yes, it's our decision, no one is forcing us to do it, if we feel uncomfortable, we shouldn't do it. But if OP is talking about emergencies and spending bitcoins as a last resort, it's not a big deal because bitcoin has also helped us with problems in life. I also don't like spending bitcoins on daily activities, but in case of an emergency and the middle of a choice, I wouldn't hesitate to use my bitcoins. There are more important things than bitcoin in this life.

Alisha-k

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Quote from: crypticj on March 23, 2023, 11:36:42 PM

Hello everyone!
Recently I was thinking about BTC payments and I believe that the system is moving towards bitcoin adoption and paying with bitcoin. And it's great!

But the problem for me is that anytime I think about paying with BTC I feel somehow uncomfortable. I always remember the guy who spent 30+ bitcoins on pizza and now these bitcoins are worth a fortune. Like I don't want to be this guy and pay with an asset that WILL go up in price. It feels like you paying more for the product from a future perspective.

What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.

you can't possibly hold your Bitcoin forever, you'll definitely have to spend it someday, so why not???

It's your sweat so enjoy it..
But spend wisely

xSkylarx

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Quote from: Godday on March 26, 2023, 12:40:50 AM

Those are all options. Maybe you're referring to someone who has spent over 22k bitcoins on a Pizza. It has been discussed in this forum. Many people feel bad after paying for their bitcoins. Ask people who have sold their BTC for $4,000 in 2017. Ask people who have bought BTC for around $50,000 around 2018. Ask people who have found out about BTC in 2013. Everyone has feel bad about their BTC. And I think that's normal. We don't need to regret it. We just have to believe that this life is a choice and whatever choice we have made, we have to be prepared with the good and bad feelings of that decision.

Lets not only think about the bad side like if you haven't used it to buy things, we should think the positive side like without bitcoin what ever the price is you cant purchase those things and also you cant afford it with your own money if you haven't used the bitcoin that is why be thankful but again reflect on those things and not to try to commit those mistakes like just use it when needed and not on those nonsense things

Henrobakkara

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Quote from: crypticj on March 23, 2023, 11:36:42 PM

Hello everyone!
Recently I was thinking about BTC payments and I believe that the system is moving towards bitcoin adoption and paying with bitcoin. And it's great!

But the problem for me is that anytime I think about paying with BTC I feel somehow uncomfortable. I always remember the guy who spent 30+ bitcoins on pizza and now these bitcoins are worth a fortune. Like I don't want to be this guy and pay with an asset that WILL go up in price. It feels like you paying more for the product from a future perspective.

What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.

You are quite right but it really wouldn't matter if you don't have a choice. If at a point you trying to buy or pay for something and it happens that you do not have any funds on you and at the same time you can pay with Bitcoin, then you are left with whether to use your Bitcoin for payment or leave the transaction alone and if you really need to get it done, then you have to and don't look at what the Bitcoin/Satoshi would have earned you in years from now.

Do you think of fiat that way, (Like, Look at the amount of fiat I have spent since the beginning of this year, I wish I had invested in Bitcoin and it would have doubled the amount) So what happens if Bitcoin is now made a Legal Tender in your country is this how everyone would feel spending the Bitcoin they so clamored for to be a legal tender Huh

Godday

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Those are all options. Maybe you're referring to someone who has spent over 22k bitcoins on a Pizza. It has been discussed in this forum. Many people feel bad after paying for their bitcoins. Ask people who have sold their BTC for $4,000 in 2017. Ask people who have bought BTC for around $50,000 around 2018. Ask people who have found out about BTC in 2013. Everyone has feel bad about their BTC. And I think that's normal. We don't need to regret it. We just have to believe that this life is a choice and whatever choice we have made, we have to be prepared with the good and bad feelings of that decision.

MAAManda

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Quote from: crypticj on March 24, 2023, 08:03:04 PM

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you don't want to end up like him and believe that the real value of Bitcoin (BTC) is even eg $500K, you can spend nothing with Bitcoin (BTC), just use stablecoins like USDT, BUSD and other stablecoins. As simple as that, mate. So, I think we have the conclusion here, you have the choice not to or use Bitcoin (BTC) in the transaction you want to make, the decision is all yours.

Topic: Do you feel bad while paying with BTC? - page 11. (Read 1735 times)