Topic: Do you feel bad while paying with BTC? - page 3. (Read 1735 times)
I think bitcoin's purpose is now more as an investment asset than as a transactional currency. It is also true that the government restricts it and makes it inaccessible to the public. Sanctions on the economy also have a significant impact on it, so it can be seen that gas fees have increased and the transaction speed has slowed down. But positively speaking, from the time bitcoin was born until now, its impact on other traditional assets has been huge. The fact that inflation is trying to kill fiat money is an opportunity for bitcoin to rise and become a new force in the economy.
Bitcoin is already an unofficial currency,
Yes!
Some people use it as a currency, but if we want to see mass Bitcoin adoption, to be able to pay with it everywhere and not just in a few stores, we need to understand that it can't be just an asset to most people.
I honestly don't know how to solve this problem, but from what I see, people won't be using bitcoin as money as long as it's an asset that is dumped 3 times a week.
I'm afraid that soon no one will talk about bitcoin as a technology, but as a cool asset to trade to get a quick buck and then sell and wait for it to go down again. That way, it will never be even close to 'stability'.
Exactly, Bitcoin just stands for an alternative currency for some people especially to it's users. We couldn't just expect people to understand how to have an transaction using Bitcoin since they are not widely known yet. I think as long as fiat money exist, bitcoin wouldn't be used as currency since despite the convenience Bitcoin gives you still have to use technology to transact unlike trading of paper money as payments to any store. Plus people already adapted for a long time using fiat money as transactions so it Bitcoin became a currency where most people use, then probably there's something wrong in the economic status of a country.
Fully agree with you! It's a tragedy what is happening to Bitcoin right now and it's even sadder to see that our community is promoting this narrative that simply destroys the idea of Bitcoin.
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.
And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.
But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.
And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.
But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!
Bitcoin being used as an investment than a currency is more beneficial to the government than all the other way around. Would you imagine people using it as a currency at a large scale? That would mean the end of Fiat currencies for good. And that's something the government doesn't want because it will remove their ability to take control over people's financial life. Don't expect things to change anytime soon, unless Fiat dies for good.
With the world stuck to the Fiat standard, volatility can't be avoided. BTC will continue to experience "ups and downs" during the course of its lifetime. At least, you're free to use it the way you want to. Adoption for the cryptocurrency is growing by the day, so it should only be a matter of time before it takes the world by storm. Just my opinion
Bitcoin is already an unofficial currency,
Yes!
Some people use it as a currency, but if we want to see mass Bitcoin adoption, to be able to pay with it everywhere and not just in a few stores, we need to understand that it can't be just an asset to most people.
I honestly don't know how to solve this problem, but from what I see, people won't be using bitcoin as money as long as it's an asset that is dumped 3 times a week.
I'm afraid that soon no one will talk about bitcoin as a technology, but as a cool asset to trade to get a quick buck and then sell and wait for it to go down again. That way, it will never be even close to 'stability'.
Paying with Bitcoin is a choice really but if you aren't comfortable paying with Bitcoin because you think that you might be paying more, why not liquidate the coin to your legal tender and pay? Also, remember that at that particular period, you may be paying more or lesser using Bitcoin because its price is not static.
My concern now is that if we then shy away from paying with Bitcoin, how do we create more awareness, adaptability, and acceptance of this coin? I will conclude by saying use your Bitcoin diplomatically.
My concern now is that if we then shy away from paying with Bitcoin, how do we create more awareness, adaptability, and acceptance of this coin? I will conclude by saying use your Bitcoin diplomatically.
Thats a huge average mate , 40k per transaction damn so yeah there is no sense in Using Lightning Network then .
but people like me and for those who had been transacting cheap daily then this is truly useful.
but people like me and for those who had been transacting cheap daily then this is truly useful.
I watched CoinMarketCap, i lied, my average buy price is 34k, anyway still high. I'm one of the FOMO guys, who bought for 3k euros (my money saved for long time) at 53k +
But actually I'm DCA. And I'm closing the gap between first buy. And I hope, atleast 6 months I can DCA in this price. Please, BTC GOD, give me a little bit time.
bitcoin is not suitable to be used as a means of payment like fiat, bitcoin is more suitable to be used as an asset.
if you make bitcoin as a means of payment when will you get the benefits, if in my country someone wants to accept bitcoin as a means of payment I will not do it.
The issue of slow transaction and high transaction fees just like recent upsurge in Ordinance which resulted to high transaction fee of sending Bitcoin even makes it more difficult in using Bitcoin as a means of payment, that is why a lot of Bitcoin enthusiast preferred it as an asset , however there are some businesses that allows payment with Bitcoin thus I don't see any reason to reject such an offer in payment for either a goods or services provided that I have other means of replacing the spent Bitcoin, however if there isn't any means of replacing my Bitcoin I won't use that means I would rather keep my Bitcoin as an asset while utilizing other payment method. if you make bitcoin as a means of payment when will you get the benefits, if in my country someone wants to accept bitcoin as a means of payment I will not do it.
I wonder when exactly we will start to treat as currency. I mean I obviously use it as currency
Bitcoin is already an unofficial currency, I mean, it is not accepted by the government, and we can also use it as a currency as long as there is an agreement between the two parties. But I also doubt that in the future, bitcoin is very unlikely to become the currency of the world. Countries have high inflation and devalued currencies, and they crave bitcoin because of its deflationary nature. But for countries with strong and stable economies, I don't think they want bitcoin to be the currency. So bitcoin may be the currency in some countries but not globally.
I tried to Pay with BTC (lightning network) only once for testing it. Because I have average buy like 40k USD. So there is no sense for me for now.
But i think, its really important to test it atleast. So I’m excited for times, when BTC price will be 60k +. Then I’ll buy Pizza with BTC (atleast 22 may)
Thats a huge average mate , 40k per transaction damn so yeah there is no sense in Using Lightning Network then .But i think, its really important to test it atleast. So I’m excited for times, when BTC price will be 60k +. Then I’ll buy Pizza with BTC (atleast 22 may)
but people like me and for those who had been transacting cheap daily then this is truly useful.
You're serious? Hahaha, Nice Joke, but that's a good motivation because you know this is an asset that will fly to the moon and the price can go higher than Elon Musk's Rocket 
. Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone have prepared beforehand using stablecoins for example, unless there are no other options at the moment.
actually this is serious matter mate , because what an we expect from this coin if we will all just Hold it? . Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone have prepared beforehand using stablecoins for example, unless there are no other options at the moment.remember that for this to function there must be a using and yeah a buy and selling act .
Unfortunately, Wall Street saw an opportunity to make money with BTC and ruined its value proposition.
Wasn't BTC created as an alternative to Fiat? The latter is bound to collapse due to rising inflation rates.
Maybe BTC will become the world's reserve currency someday? Just my thoughts
Wasn't BTC created as an alternative to Fiat? The latter is bound to collapse due to rising inflation rates.
Maybe BTC will become the world's reserve currency someday? Just my thoughts
Fully agree with you! It's a tragedy what is happening to Bitcoin right now and it's even sadder to see that our community is promoting this narrative that simply destroys the idea of Bitcoin.
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.
And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.
But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!
I tried to Pay with BTC (lightning network) only once for testing it. Because I have average buy like 40k USD. So there is no sense for me for now.
But i think, its really important to test it atleast. So I’m excited for times, when BTC price will be 60k +. Then I’ll buy Pizza with BTC (atleast 22 may)
But i think, its really important to test it atleast. So I’m excited for times, when BTC price will be 60k +. Then I’ll buy Pizza with BTC (atleast 22 may)
You see, the problem is, bitcoin WAS created as a technology, as a solution to the banking problem. it wasn't created as an asset. It's people like you who want to make money out of it and think that it's just another stock to invest in.
But it's not true. Bitcoin, in its nature, is a revolutionary technology that can be used to change the world and the banking system as we know it. But somehow people just ignore it and want to make a quick buck and keep holding their money in the bank letting it control them.
But it's not true. Bitcoin, in its nature, is a revolutionary technology that can be used to change the world and the banking system as we know it. But somehow people just ignore it and want to make a quick buck and keep holding their money in the bank letting it control them.
That's the point. Bitcoin was meant to be used as a currency for day-to-day payments independently from the banking system. Unfortunately, Wall Street saw an opportunity to make money with BTC and ruined its value proposition. This is why now the vast majority of people are only into Bitcoin to get rich quick. Any dip in price would cost BTC dearly in terms of mainstream adoption.
I've always said 1 BTC = 1 BTC no matter what. Why should we care about its value in Fiat terms anyways? Wasn't BTC created as an alternative to Fiat? The latter is bound to collapse due to rising inflation rates.
I'm waiting for the day when BTC is used as the standard unit of account. Goods and/or services will be valued in BTC terms instead of Fiat. With that, volatility will no longer become an issue. Merchants accepting BTC as payment method are increasing by the day, so it should only be a matter of time before "hyperbitcoinization" becomes a reality. Maybe BTC will become the world's reserve currency someday? Just my thoughts
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.
You are in a better situation than that guy who spent 30 bitcoin on pizza. So, keep spending bitcoins and also buying with bitcoins.
You're serious? Hahaha, Nice Joke, but that's a good motivation because you know this is an asset that will fly to the moon and the price can go higher than Elon Musk's Rocket . Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone have prepared beforehand using stablecoins for example, unless there are no other options at the moment.
. Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone have prepared beforehand using stablecoins for example, unless there are no other options at the moment.You see, the problem is, bitcoin WAS created as a technology, as a solution to the banking problem. it wasn't created as an asset. It's people like you who want to make money out of it and think that it's just another stock to invest in.
But it's not true. Bitcoin, in its nature, is a revolutionary technology that can be used to change the world and the banking system as we know it. But somehow people just ignore it and want to make a quick buck and keep holding their money in the bank letting it control them.
I generally feel bad when I need to pay with Bitcoin. Who would like to pay with something which is not deflationary. My country's currency (Turkish lira) keeps losing so much value that its best thing to pay with it. I love it when people sell me their Bitcoin for my Turkish lira (better experience than exchanges). I wonder when exactly we will start to treat as currency. I mean I obviously use it as currency - but its unfavored option for me to buy things with it - so I guess it will take years and years to come so many people will adopt it, its price will be stable so it will become very nice currency.
You're serious? Hahaha, Nice Joke, but that's a good motivation because you know this is an asset that will fly to the moon and the price can go higher than Elon Musk's Rocket . Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone have prepared beforehand using stablecoins for example, unless there are no other options at the moment.
. Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone have prepared beforehand using stablecoins for example, unless there are no other options at the moment. 
Since Bitcoin is not stable, if you pay with Bitcoin, the amount you will pay with Bitcoin later may be more or less and it will completely depend on the market of Bitcoin. If you have a doubt that the amount of btc you pay for something will increase several times over time, then you don't need to pay with btc, you can pay with any stable coin. The price of bitcoin is going to change in the future but no one can predict how much it will change as the price of bitcoin is likely to increase so you can hold your bitcoins for a certain period of time without spending them.
bitcoin is not suitable to be used as a means of payment like fiat, bitcoin is more suitable to be used as an asset.
Then why bitcoin maxis are saying that the "mass adoption is coming"?
it doesn't make any sense. Everyone with whom I speak on this forum says that they see bitcoin as an asset and not currency, but at the same time, people are waiting for businesses to start accepting bitcoin as a payment method.
This contradiction is relly strange to me.
bitcoin is not suitable to be used as a means of payment like fiat, bitcoin is more suitable to be used as an asset.
if you make bitcoin as a means of payment when will you get the benefits, if in my country someone wants to accept bitcoin as a means of payment I will not do it.
if you make bitcoin as a means of payment when will you get the benefits, if in my country someone wants to accept bitcoin as a means of payment I will not do it.
Why do you say bitcoin is not suitable for use as a means of payment? Can you give a few reasons? Don't forget that bitcoin was designed by Satoshi to be used as a means of payment without a 3rd party, he did not intend to create bitcoin as an asset and for trading as it is today. All that is happening is because we made it an asset, an investment, not the original purpose of bitcoin. There's no denying that bitcoin is seen as more of an investment, but there's nothing wrong with someone using it to replace fiat as a payment method.
Most of the people right now see bitcoin as an investment even those new one that asking help on me about bitcoin which first i do always say to them that it was used for transaction but sometimes they always insist that it was for investment. Well we cant blame them as the price right now is huge and anyone of us wants it but having regretting spending it the for sure your mindset is only getting profit out of it and not known the true purpose of bitcoin
I don't blame anyone as I myself am using bitcoin as an investment rather than a means of payment. But at least as an investor in bitcoin, we should also learn about its history and what it was initially created for. That way, the more we will see the value of bitcoin, the more confident we will be about our investment.
To me, bitcoin is like a versatile asset, people can use it according to their intended use, and as long as it benefits them, there is nothing wrong. But if you use bitcoin to invest, your friend uses bitcoin as a currency, you can't say your friend is wrong.
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!
means one thing here , that your country has large adoption of Bitcoin that is why there are 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!
companies that accepts bitcoin as payment ? then mate take this opportunity as you are very lucky to be in that country and government.
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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.
then with these behavior mate? I believe that you do not understand the true essence of bitcoin and hot this works, for the price to continue growing , we must use this at least for healthy movement.
how will others believe in this if all of us will just hold it?
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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 is the difference of stable coin than bitcoin ? because the price is not moving up or down? then lets discuss this.What if you bought bitcoin now at 10k usd, and did not use for the day and the price pumped? before needing to pay in online payments? what would you feel?
and same thing if you bought Stable coin now and you need nothing to pay for a while?
always consider the coins to be valuable not only in terms of holding but also as Payment materials.
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