We can't help it. It is like buying something double it price not because of the taxes but with the idea that the value of a certain amount, in form of Bitcoin as payment, could grow if you choose to hold. This is simply an evidence of how cryptocurrencies are being used not as an alternative mode of payment but more of an asset to be held for years because of its profit potential. Not a bad thing to do so, people are just taking advantage and making use of the characteristic of Bitcoin and other cryptocurrencies.
The only instance I won't have regrets or hesitate to pay in Bitcoin is if I would be able to save for that transaction, which is assuming to be big for me to use crypto. In such way I'd be able to avoid taxes from huge transactions. Especially nowadays wherein taxes somehow cuts more than 30% of the actual price of the item because of import and export matters.
Topic: Do you feel bad while paying with BTC? - page 12. (Read 1735 times)
In as much we are trying to make bitcoin more popular in the society, this is one of the criteria one must face in other to do so. When the drive for bitcoin adoption is ongoing, it is of good importance that it is used for the purpose for awareness sake. So i would say that paying for bitcoin for services is not a bad idea so far as it is a course that must be fulfilled and accomplished with satisfaction derived in massive awareness and adoption goal. Another is this, based on your topic, i believe before you attempt to pay for anything of value, it must have a figure of payment so therefore, it is advisable you pay in approximate figure in the currency value of the goods you are paying for more over, you should know that bitcoin price is volatile so it depends on how the market is as at time of payment.
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.
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.
Since I haven't used Bitcoin for payments before, I can't say that I have a lot of experience with how I feels when use Bitcoin to stuffs. However, occasionally, when I'm trying to convert my Bitcoin to fiat money, I get uneasy because I worry that if I sell it, Bitcoin might rise significantly in value and I might miss the opportunity. However, I rarely sell any portion of my Bitcoin investments these days since I have enough fiat money saved in my bank account. I believe it is the greatest strategy for avoiding any attempts to sell my Bitcoin or use it to make any purchases.
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.
In reality the main motive of creation for Bitcoin was to substitute fiat payments so it must be used for payment processing also not only investment purposes.We have seen that with rise in prices we gain profits from it with time so feel sad to spend them and it's also fine but we can spend small amounts to buy stuff online or physically if merchants around you accept it to boost the adoption more.
The main purpose for which bitcoin got innovated is to get served as an alternate to the traditional system. Many flaws were found on the traditional system and to overcome the same bitcoin got innovated with the blockchain technology backing. The usage of bitcoin is much preferred for investment than as a payment system or transaction source. When we talk of bitcoin adoption and increasing acceptance we should also contribute to it. Everyone have the same feeling of bitcoin value fluctuation causing difference in price for the same product based on time difference. For this it is always good to spend on small products that won't disturb the spending even when the price of bitcoin varies big. In all aspects it is a must to spend, only then we can have good circulation that result in the increased usage and real time adoption of bitcoin. 
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.
In reality the main motive of creation for Bitcoin was to substitute fiat payments so it must be used for payment processing also not only investment purposes.We have seen that with rise in prices we gain profits from it with time so feel sad to spend them and it's also fine but we can spend small amounts to buy stuff online or physically if merchants around you accept it to boost the adoption more.
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.
That person is will surely feel bad if he is still alive and so the value of bitcoin today, now in that case you can hold your btc if the market is bad and spent some btc earning from your holdings when market is good don't spent your capital just spent the profit to avoid disappointment when the market price rise drastically. 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.
No, those few times when I'm able to pay with BTC, I don't feel bad at all.
Those times are rare, very, which makes me feel bad, ..or rather sad.
I would love to pay in BTC, it's just not possible at those places where I usually buy stuff
and to use some kind of proxy-service that gets me anything for BTC is not easier at all than exchanging the coins for fiat myself and probably more expensive too, so that just doesn't make sense to me.
Sad but true, after more than a decade down in the rabbit hole the only things I ever actually paid for directly in BTC were mining-hardware (in the early days), hosting (vps/dedis), games and drugs.
For everything else I'm more or less forced to use the old systems and I highly doubt it to change anytime soon, as long as everyone treats Bitcoin as an investment.
Those times are rare, very, which makes me feel bad, ..or rather sad.
I would love to pay in BTC, it's just not possible at those places where I usually buy stuff
and to use some kind of proxy-service that gets me anything for BTC is not easier at all than exchanging the coins for fiat myself and probably more expensive too, so that just doesn't make sense to me.
Sad but true, after more than a decade down in the rabbit hole the only things I ever actually paid for directly in BTC were mining-hardware (in the early days), hosting (vps/dedis), games and drugs.
For everything else I'm more or less forced to use the old systems and I highly doubt it to change anytime soon, as long as everyone treats Bitcoin as an investment.
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.
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.
I completely understand how to feel
, it's always a pain selling your bitcoin because it's an investment and could easily increase its price over time, you could easily regret it, especially when you do it on a bear market at times like this.That's why for me bitcoin is just an investment at the moment, not a digital currency that you can use in transactions, Right now bitcoin market price is so volatile so you wouldn't really want to use a digital currency that has a risky market price, a currency that at any moment could increase or decrease its market price. what you want is something like stablecoins or fiat so that you could pay someone exactly not less or excess.
At the moment the price was already thousands, I think right now it's a lot better on investments, and maybe in the future when the market price become stable it could be something that everyone can use on transactions.
First of all, the person you mentioned is Laszlo, he didn't spend 30+ for a pizza, but 10,000 for 2 pizzas. And the second is, you create a topic, you ask and you've answered it in the same place. If you don't want to pay for something with Bitcoin (BTC) because you don't want to be unlucky like Laszlo who doesn't realize the real value of Bitcoin, well, like you said, use stablecoins. So why else ask about it?
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 feel uncomfortable using bitcoin to pay, then stop doing it, no one is forcing you to do it. You are causing trouble for yourself and you are complaining to everyone. I see you as someone who has too many contradictions, you act on your own and feel sorry for yourself. If you consider bitcoin a valuable investment in the future, keep it safe and never spend it on unnecessary things.
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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.
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.
I also try to go with stablecoins, since my current plan is to hold in the long term. However, if I do not have enough Stable coins to pay for what I need and I am forced to sell satoshis I would only feel bad if it is a frivolous purchase, like candies, videogames, or some gadget I actually can live without.
On the other hand, if I need to sell Bitcoin in other to pay for food, education or (most importantly) health for me or my family, I would do it in a heartbeat and I would not feel much remorse about it, we are supposed to be aware of our priorities.
That is what I think.
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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.
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.
I also try to go with stablecoins, since my current plan is to hold in the long term. However, if I do not have enough Stable coins to pay for what I need and I am forced to sell satoshis I would only feel bad if it is a frivolous purchase, like candies, videogames, or some gadget I actually can live without.
On the other hand, if I need to sell Bitcoin in other to pay for food, education or (most importantly) health for me or my family, I would do it in a heartbeat and I would not feel much remorse about it, we are supposed to be aware of our priorities.
That is what I think.
It all depends on the circumstances surrounding the spending of Bitcoin, for someone who bought Bitcoin as an investment and a long-term asset, it's better to avoid frequent spending of your holding since yours. Notice is to hold and not to spend.
-But we also have those Bitcoin holders who just bought bitcoin to make online payments where faint is restricted or Unavailable, thos categories of users may have to spend the Bitcoin regardless of his/her feelings.
-But we also have those Bitcoin holders who just bought bitcoin to make online payments where faint is restricted or Unavailable, thos categories of users may have to spend the Bitcoin regardless of his/her feelings.
First of all, the person you mentioned is Laszlo, he didn't spend 30+ for a pizza, but 10,000 for 2 pizzas. And the second is, you create a topic, you ask and you've answered it in the same place. If you don't want to pay for something with Bitcoin (BTC) because you don't want to be unlucky like Laszlo who doesn't realize the real value of Bitcoin, well, like you said, use stablecoins. So why else ask about it?
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.
...
I have to admit that when I pay with Bitcoin, I get a little nervous too. Bitcoin is a means of payment, but for me it's more of a store of value. If we look at past price movements historically, we can see how great it has performed, and we can have some ideas of what it might do in the future.Right?? I have the same feeling. I know that there is no difference if you pay with BTC or stables because you spend the same amount of money, but when you have HODL psychology it feels wrong.
Like we all thought that we need to HODL out bitcoins and buy them, use DCA and stuff, but when it comes to spending we already got used to the idea that selling/spending bitcoin is somehow bad.
I think the biggest problem is that we still treat it like an asset, not like money.
[moderator's note: consecutive posts merged]
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?
Where did you find that a person bought a pizza with 30+ bitcoins. I knew about buying a pizza that buying a pizza with 10,000 bitcoins was the first use of bitcoins.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?
When you buy something with bitcoins you are of course using its current value. So if you don't use bitcoin in that case you have to use the same amount of money in other ways. But if you find it easier to pay in Bitcoin than other means. Then of course it's nice and easy to pay you with those bitcoins and then buy back the bitcoins at that point. it will not any big problem
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.
As someone who currently lives in a third-world country, my answer would be a both YES and a NO.
YES- I regret using my BTCs since I somehow take away the opportunity of saving and HODLing for its price to mature in the future. I am very much aware about its price history index where its price used to be significantly low in the market, but it skyrocketed every once in a while. Every time I use BTC and convert it to my local currency, it pains me to see that I have been wasting an investment which I should have been saving for the future.
NO- with job opportunities being very competitive in my country, earning through signature campaigns is definitely a privilege that not anyone can do. Majority of my BTCs have been converted to cash in order to pay for my monthly bills, which supports me and my family. In this aspect, I do not regret using my BTC since I use it for a desired and meaningful purpose.
Nope, it's just the same as paying cash besides you can have them back if you have the money to buy back again. Don't get worry too much for any small things you are doing it's just part of our living but instead try to look the other way or having a different perspective you will always know what you are doing.
But always, always, always double or triple check everything everytime you do the BTC transactions since it requires no mistake to send to the right recipient. But if you were going to ask me, I would prefer paying cash instead of BTC and by that it's less hassle since not everytime you are having an internet on your phone when you go out. And I don't want to connect to the public since that's scary when doing transaction.
But always, always, always double or triple check everything everytime you do the BTC transactions since it requires no mistake to send to the right recipient. But if you were going to ask me, I would prefer paying cash instead of BTC and by that it's less hassle since not everytime you are having an internet on your phone when you go out. And I don't want to connect to the public since that's scary when doing transaction.
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I have to admit that when I pay with Bitcoin, I get a little nervous too. Bitcoin is a means of payment, but for me it's more of a store of value. If we look at past price movements historically, we can see how great it has performed, and we can have some ideas of what it might do in the future. That's why I feel a little nervous when paying with Bitcoin, but when I think we are in a rally and there is a bubble in prices, I am more comfortable about it and do not hesitate to pay with Bitcoin.
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.
I think it would depend on what we paid for, because for me if it is something that we really needed at that time and we don't have any other option left then there is nothing to be sad or feel anything from it.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.
I paid with crypto so many times before for my internet connection or mobile data but I didn't regret it because I am using it to learn more and earn in crypto back then.
I totally agree with you, this all depends on what we will pay with our Bitcoin, will it be useful for us or will it just be wasted. if we don't want to regret or feel bad for spending our Bitcoin then we have to be able to use it wisely.
if we spend our Bitcoin only to fulfill temporary pleasures or be useful only for a moment such as spending it on getting drunk or buying drugs or anything negative, that is not a wise thing and it is certain that our Bitcoin is wasted, it is different if we spend on things which can be useful to us for clearer purposes then why should we feel bad and regret.
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