Topic: Do you feel bad while paying with BTC? - page 5. (Read 1735 times)
I am excited using bitcoin as payment transaction in real life, but many countries not support or legal using Bitcoin for all transaction payment make us not have many option for bitcoin except as investment assets. Supposedly with technological advances and advantages in using bitcoin as legal payment transaction will make it easy and better than using fiat, but many countries limited bitcoin function as payment currencies and still not believe how bitcoin reputation using as legal payment. Has one positive side when Bitcoin have been legal as investment assets with several countries adopted and become passive income trough taxes from Bitcoin transaction.
When it comes to volatility, for those who see bitcoin as a currency, a means of payment, bitcoin volatility is a big problem that needs to be resolved. But for investors, volatility is a boon because it will give them profits, if it goes away, we will also lose some users. I am an investor, but I also believe bitcoin will become more stable over time, and we could also see bitcoin returns getting smaller and smaller compared to previous years. It's actually getting bigger and more stable.
If bitcoin can stabilize, it is almost certain that it will become an alternative to fiat in some countries.
If bitcoin can stabilize, it is almost certain that it will become an alternative to fiat in some countries.
I don't think Bitcoin will ever "stabilize", especially when the world is still tied to the "Fiat Standard". Everything is valued in Fiat currencies these days. For volatility to stop, Bitcoin needs to replace Fiat as the standard unit of account. In other words, this means valuing things in BTC terms (not Fiat). But that can never be achieved when most people consider Bitcoin as a long-term investment instead of a currency. You're free to use Bitcoin the way you want to, thanks to the way it was designed (decentralized and censorship-resistant).
With real use cases growing by the day, it should only be a matter of time before the cryptocurrency becomes a "force to reckon with". Maybe we'll see more merchants and businesses accepting it as payment method in the future? Just my thoughts
The world is changing and advising into technology, which Bitcoin is a digital currency that is going to work 100% online, as a means of payment, but we all know that Bitcoin price is not stable, I can only feel bad after receiving some amount of Bitcoin and the price depreciate , is not the end, and is only have a patient for a certain period of time to recover or appreciate more than beyond expected.
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 long as bitcoin is being acceptable for making payments in anywhere i go, i will always make use of it, the occasion at which i may not like is when bitcoin is not acceptable and am willing to make payment, if you pay with bitcoin, there are two things involved, it's either the bitcoin price rises or go dip immediately after your transaction, this we cannot predict how and when since it's a volatile digital currency, you can always spend from other altcoins when holding bitcoin till you have that desired to sell out after making profit
This is true, I guess 99% of bitcoin holders see bitcoin as an investment rather than a currency, and to be honest, I am also looking at bitcoin as an investment rather than using it for payment maths.
Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.
Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.
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I think "market volatility" will be solved once crypto becomes a mature asset class in the future. BTC will be a lot more stable by then, making it a lot more useful as a currency.
No matter what happens in the future, we can't deny that 1 BTC = 1 BTC no matter what. In a "hyperbitcoinized world" this would make sense. Countries are slowly adopting BTC as an alternative to Fiat, so it should only be a matter of time before this happens. Just my opinion
When it comes to volatility, for those who see bitcoin as a currency, a means of payment, bitcoin volatility is a big problem that needs to be resolved. But for investors, volatility is a boon because it will give them profits, if it goes away, we will also lose some users. I am an investor, but I also believe bitcoin will become more stable over time, and we could also see bitcoin returns getting smaller and smaller compared to previous years. It's actually getting bigger and more stable.
If bitcoin can stabilize, it is almost certain that it will become an alternative to fiat in some countries.
Feel bad no at all the bitcoin pizza is always there I mean if the price is always Up there is always people who like bitcoin pizza.
If you are using Bitcoin for pay something it mean you support the ecosystem if more and more people spend with cryptocurrency there will be a lot of merchants that start to accept crypto too right at least theoretically
If you are using Bitcoin for pay something it mean you support the ecosystem if more and more people spend with cryptocurrency there will be a lot of merchants that start to accept crypto too right at least theoretically
Hello everyone!
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 don't think paying with bitcoins has any effect for bitcoin holdings. Because the money I pay with bitcoins I can buy those bitcoins with fiat money if I want. But there may be some variation as volatility purpose. Many people emotionally say they don't want to pay with Bitcoin. But he can never invest bitcoins beyond his limitation. They must be spent every day to manage their life. Which you can't hold even if you want. So I see no problem in paying in bitcoins for what is outside my holdings. 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.
But if the market is in a down trend then paying in Bitcoin can be a matter of loss. At least if a payment provider feels it has nothing to lose he can pay in Bitcoin.
A crypto currency is gaining acceptance in small businesses and can generate funds with the assistance of an online payment processor.
When I pay with Bitcoin, I feel more secure than when I pay with a credit card because these digital asset transactions do not require third-party verification.
When I pay with Bitcoin, I feel more secure than when I pay with a credit card because these digital asset transactions do not require third-party verification.
a verdade é que esse cara que pagou a pizza em btc é o responsável por seu desconforto hoje, mas isso não é uma coisa ruim, é maravilhoso vc dar tanto valor a algo que não possa sair da sua posse por nada
Bitcoin as a means of payment is a very good one as long the both parties or the organization has the knowledge of bitcoin, and the value rate as it apply base on the current price to sent individual has not to feel bad, accept the price depreciate after the transaction has been take place, in other words is added advantages when the price appreciate more and good to have patience, because bitcoin is a patience business.
A trader will only feel bad when he or she is making a lose in Bitcoin but if traded wisely and anticipating on the good path, bitcoin will pump beyond measures. Exercise patience when holding bitcoin, it's the only way to generate profits. Bitcoin is generally excellent in terms of businesses transactions, it's fast and reliable. For instance transferring bitcoin during the bull, it will give the receiving party more profits. But it's disadvantages is the unstable fluctuations of bitcoin, which will results to losses either during transactions or after that.
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This is true, I guess 99% of bitcoin holders see bitcoin as an investment rather than a currency, and to be honest, I am also looking at bitcoin as an investment rather than using it for payment maths.
Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.
Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.
People are free to decide what to do with their Bitcoin. It's not like Fiat currencies where you are subject to banks' and governments' own will. What makes Bitcoin stronger is its decentralized and open source design. Popularity for the cryptocurrency keeps rising even during uncertain times, so I'm confident it will last a lifetime. I think "market volatility" will be solved once crypto becomes a mature asset class in the future. BTC will be a lot more stable by then, making it a lot more useful as a currency.
No matter what happens in the future, we can't deny that 1 BTC = 1 BTC no matter what. In a "hyperbitcoinized world" this would make sense. Countries are slowly adopting BTC as an alternative to Fiat, so it should only be a matter of time before this happens. Just my opinion
if you think like that, then when do you have profit from the bitcoin? when do you use the bitcoin?
your thinking is correct, it's possible that in the future bitcoin can exceed price expectations which are more than now, but you have to remember that is a positive prejudice, what if bitcoin in the future goes down more than the current price, what if bitcoin in the future falls down, we don't know what will happen to bitcoin in the future.
People think of BTC as a means of payment that is a hedge against inflation. I think of it as a commodity that needs to reach full adoption (which I believe will take at least 10 years) before it reaches its full value.
I plan to buy BTC and never sell. It will be an inheritance for my kids later.
I think that a key issue for holders of BTC who do not have financial reserves, will be that they are forced to sell BTC in order to pay off dollar denominated debt (real estate, student loans..)
Bitcoin as a means of payment is a very good one as long the both parties or the organization has the knowledge of bitcoin, and the value rate as it apply base on the current price to sent individual has not to feel bad, accept the price depreciate after the transaction has been take place, in other words is added advantages when the price appreciate more and good to have patience, because bitcoin is a patience business.
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 also think that it's a good decision to hodl a bit. The problems occur with the amounts to hodl, to buy and to sell... That's like gambling, especially if it comes to altcoins. As for stable coins, I suppose that it can be only long-term investment. Although the established project rarely becomes a scam, it's price is not eager to rise dramatically...
If I think of Bitcoin as a “utility” rather than an investment opportunity, I won’t feel bad about it especially if I am using the lightning network.
This happens right now in Boracay where a lot of shops, transportation, groceries, etc., or any service out there are accepting Bitcoin lightning for payments via Pouch.ph wallet. They are Bitcoin maxis at most but as “utilitarians”.
I have some BTCs right now since I have began doing DCA last year stored in my hardware wallet and yes I would feel bad about spending them for unnecessary reasons (unless if there’s emergency where it’s the very last option).
This happens right now in Boracay where a lot of shops, transportation, groceries, etc., or any service out there are accepting Bitcoin lightning for payments via Pouch.ph wallet. They are Bitcoin maxis at most but as “utilitarians”.
I have some BTCs right now since I have began doing DCA last year stored in my hardware wallet and yes I would feel bad about spending them for unnecessary reasons (unless if there’s emergency where it’s the very last option).
The number of people really using BTC as cash is very small. The vast majority of people worldwide sees Bitcoin as an investment or a means to get rich quick. Therefore, market prices matters to them at the time of making a purchase. I don't blame them since the world still moves around Fiat. As long as we're living in the "Fiat Standard", don't expect Bitcoin to go anywhere soon.
I'm fine with that as long as BTC delivers as promised. There are many merchants accepting the cryptocurrency worldwide, so there should be nothing to worry about. Who knows how big BTC will become in the future? Just my thoughts
This is true, I guess 99% of bitcoin holders see bitcoin as an investment rather than a currency, and to be honest, I am also looking at bitcoin as an investment rather than using it for payment maths.
Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.
When I can pay in Bitcoin I love how modern and technologically advanced my country is. Paying in Bitcoin is very easy and worldwide Bitcoin payments are done without any banking hassles. So paying in Bitcoin is a great pleasure for me. But as much as I pay with bitcoins somewhere, I buy back bitcoins and store them. So I don't have any bad feelings for spending my bitcoins paying in bitcoins for buying something.
If I think of Bitcoin as a “utility” rather than an investment opportunity, I won’t feel bad about it especially if I am using the lightning network.
This happens right now in Boracay where a lot of shops, transportation, groceries, etc., or any service out there are accepting Bitcoin lightning for payments via Pouch.ph wallet. They are Bitcoin maxis at most but as “utilitarians”.
I have some BTCs right now since I have began doing DCA last year stored in my hardware wallet and yes I would feel bad about spending them for unnecessary reasons (unless if there’s emergency where it’s the very last option).
This happens right now in Boracay where a lot of shops, transportation, groceries, etc., or any service out there are accepting Bitcoin lightning for payments via Pouch.ph wallet. They are Bitcoin maxis at most but as “utilitarians”.
I have some BTCs right now since I have began doing DCA last year stored in my hardware wallet and yes I would feel bad about spending them for unnecessary reasons (unless if there’s emergency where it’s the very last option).
The number of people really using BTC as cash is very small. The vast majority of people worldwide sees Bitcoin as an investment or a means to get rich quick. Therefore, market prices matters to them at the time of making a purchase. I don't blame them since the world still moves around Fiat. As long as we're living in the "Fiat Standard", don't expect Bitcoin to go anywhere soon.
I'm fine with that as long as BTC delivers as promised. There are many merchants accepting the cryptocurrency worldwide, so there should be nothing to worry about. Who knows how big BTC will become in the future? Just my thoughts
I understand the concern and where you are coming from but if it wasn't for the people who came before us to spend their bitcoin, then we wouldn't have come as far as we have.
Also, if miners never sell/spend, then nobody else would ever have bitcoin. The fact that any of us have bitcoin means that somebody had to spend/sell to get to where we are today. It's all part of the process.
I think I would only feel bad if I never bought/accepted more after I spent. Spend and replenish is a great strategy when you actually spend bitcoin.
Also, if miners never sell/spend, then nobody else would ever have bitcoin. The fact that any of us have bitcoin means that somebody had to spend/sell to get to where we are today. It's all part of the process.
I think I would only feel bad if I never bought/accepted more after I spent. Spend and replenish is a great strategy when you actually spend bitcoin.
It makes me feel good whenever I can pay with Bitcoin for goods and services directly with Bitcoin, this will give me more joy than Havant to first convert my Bitcoin to local currency before I could spend it, there has not been a lot of development that allows crypto-merchant payments but if I can fine and it will be a helpful tool for making payment.
But then each time i could exchange Bitcoin for any other currency to make transactions this further shows how flexible Bitcoin has become to be easily converted to fiat and also convert Fiat to Bitcoin effortlessly makes me feel really good.
But then each time i could exchange Bitcoin for any other currency to make transactions this further shows how flexible Bitcoin has become to be easily converted to fiat and also convert Fiat to Bitcoin effortlessly makes me feel really good.
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