Do you feel bad while paying with BTC? - page 6.

nakamura12

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Quote from: Quidat on April 18, 2023, 06:57:57 PM

No one could predict the future and this is why these kind of spendings is something that we couldnt really blame on that someone who do make use of their coins for such transaction.
Yes, its waste because if we do try to convert out that amount of as of todays value then it is really something that life changing. Not all are really meant to be that rich or to be successful
because if you do have just that strong belief about bitcoins potential then you would be able to cherish out that extreme profit that you had made out.
Well, not everyone could be able to hold up for too long.

Yes, It is true that no one can predict the price of Crypto like Bitcoin accurately but there are some people who still make a prediction about its price in the future. Like you said, no one can predict the future. So basically, he didn't expect or he didn't know that Bitcoin's price or value in usd would reach $28k or even reach its ATH before because if we can predict the future then wouldn't spend his BTC to pizza since he will know or he knows what will happen in the future. In the end, if that happen during this time then many people will say he just wasted his money and I think some people will say they can't believe that someone is paying that amount of BTC for a pizza or maybe some will say harsh words like he is an idiot for doing that. Honestly, there's nothing we can do since it's in the past and we shouldn't take it seriously.

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Quote from: nakamura12 on April 18, 2023, 04:49:58 PM

Quote from: Mate2237 on April 17, 2023, 12:53:57 PM

Many people don't understand how bitcoin was as of that time so when they heard that someone like Laszlo Hanyecz used 10 thousand bitcoin to buy 2 pizza as for then, the money is too big to buy the pizza. They have not considered how much was bitcoin as of then. They always thought of the present price of bitcoin. Therefore, using bitcoin to buy someone is different from what has been used in those years. Because in those days bitcoin was growing and now bitcoin is expanding to all corners in the world. So if I use bitcoin bitcoin to buy something in my area, I will feel happy.

They should have make more research about Bitcoin and the story rather than saying something without full support and I think that's why they don't understand how Bitcoin was at that time. That's just prove that they only know the story about a person who bought a pizza with 10k of Bitcoin and didn't even think about that it was before and right now is a different story since the BTC price is volatile which means it is changing time after time.

No one could predict the future and this is why these kind of spendings is something that we couldnt really blame on that someone who do make use of their coins for such transaction.
Yes, its waste because if we do try to convert out that amount of as of todays value then it is really something that life changing. Not all are really meant to be that rich or to be successful
because if you do have just that strong belief about bitcoins potential then you would be able to cherish out that extreme profit that you had made out.
Well, not everyone could be able to hold up for too long.

nakamura12

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Quote from: Mate2237 on April 17, 2023, 12:53:57 PM

Many people don't understand how bitcoin was as of that time so when they heard that someone like Laszlo Hanyecz used 10 thousand bitcoin to buy 2 pizza as for then, the money is too big to buy the pizza. They have not considered how much was bitcoin as of then. They always thought of the present price of bitcoin. Therefore, using bitcoin to buy someone is different from what has been used in those years. Because in those days bitcoin was growing and now bitcoin is expanding to all corners in the world. So if I use bitcoin bitcoin to buy something in my area, I will feel happy.

They should have make more research about Bitcoin and the story rather than saying something without full support and I think that's why they don't understand how Bitcoin was at that time. That's just prove that they only know the story about a person who bought a pizza with 10k of Bitcoin and didn't even think about that it was before and right now is a different story since the BTC price is volatile which means it is changing time after time.

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I would never feel bad for paying for something in crypto. I'm not one of these guys that makes fun of pioneers who paid astronomical sums of BTC (looking backward) for things like pizzas, alpaca socks, honey, or whatever else was being offered for BTC back in the day. It's these purchases that give Bitcoin value. If everyone was spending it freely and accepting it, we would see increased comfortability and adoption that would surely benefit us all. Don't be one of these guys who refuses to spend your crypto. Just make sure to replace it with fiat and you'll be fine.

mvdheuvel1983

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

What are your thoughts about this?

I rarely make payments with bitcoin or any stable coin locally.
There have been only two instances where I made payment with bitcoin locally and it was just to serve as an illustration to some people who didn't believe in its fast payment. So I bought a bottle of my favourite Vodka and paid for it with bitcoin.
Another instance of using bitcoin locally, was also to prove to some audience that bitcoin was money as well and can be used for good purpose.
I do most cross-border payment in bitcoin. Especially importation. It is fast, cheaper, reliable, and efficient. First was buying a mac book and paying for it and its shipping fee in bitcoin.

cydrix

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I can relate to your emotion, which is positive given that you may be cautious, sensitive, and aware of the asset worth of bitcoin. This shouldn't deter you from using your money, though, since it's not just for investments. Just make sure you have a significant quantity of cash in your wallet left over for the investment; do not sacrifice yourself of pleasures in life as a result.

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Quote from: nakamura12 on April 17, 2023, 03:27:17 PM

Quote from: loopes on April 17, 2023, 01:48:56 AM

actually, every one have their own choice with different reasons to use bitcoin as daily use payment. In my point of view, i choose to store bitcoin in my wallet (holding) and some of my bitcoin will be traded on short trading, then after i get some profit i usually withdrew the btc to fiat before use for payment on daily purchasing.

Nothing wrong with laszlo that he bought pizza for 10.000 btc, it was his choice to do it. No one knows exactly what will happen in the future including the price of bitcoin will rise or drop.

That's much the same as paying with BTC. When I want to buy something or to purchase something then I had to sell some of my BTC to fiat so that I can buy it. Cryptocurrency is not banned in my country but there aren't establishment that accept crypto as one of the payment method use in transactions that's why I sell BTC to fiat before buying. Better focus on the question in the title, my answer for that will be No, I won't feel bad while paying BTC. BTC is created for that purpose and more. It's up to us on what to do with it and what you want to spend with your BTC.

Same too but what I myself did was to separate my bitcoin accounts. I have a bitcoin account for long term holding, one for emergency and one for trading that is how I roll with my bitcoin. So changing it to fiat is not a problem for me as I have already split them for various purpose with different wallets.
Then for my country it is not that government put a ban on Crypto currency but the central bank in my country put a ban on the bank from transacting with Crypto currencies and since then no one date talk about it in the bank or conduct transactions with a note related to Crypto on their transaction otherwise you face the risk of loosing you funds and account blocked but we do p2p trade for exchange of bitcoin to fiat very easy for us so it is a no issue for us in my country.

cheezcarls

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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).

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Quote from: Oasisman on April 17, 2023, 04:11:05 PM

Don't feel bad about it though, using Bitcoin as a payment is like an act of support for Bitcoin as a currency. We don't only treat Bitcoin as a store of value, but we have to use it to pay for something so we can really call it a currency, not just an asset or investment.

It is true that using Bitcoin for purchasing goods is a contribution to support Bitcoin as a digital currency. Sadly, not everyone can do it because Bitcoin still cannot be used as a payment tool anywhere. In my country, you are forbidden to use Bitcoin as a currency since it is against the law. TBH, I really want to use Bitcoin as a payment tool but it can't, I don't want to get in trouble with the law. I assume that many people also experience the same as me.

Quote from: Oasisman on April 17, 2023, 04:11:05 PM

Me, personally haven't had more Bitcoin spent on payments, but whenever I do that's the first thing that comes to my mind and I don't really mind the regrets of spending the future value of it, because I have somehow contributed on the continued development and adoption of Bitcoin.

It is good that you have a good mindset to have a contribution to Bitcoin development/adoption. Why do you don't use it as a payment tool? If it doesn't against the law in your country, you can try to use it for payment purposes.

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Quote from: bettercrypto on April 17, 2023, 04:00:45 PM

Honestly, when it comes to whether I will use bitcoin as payment or convert it to fiat, I 100% regret spending it because I have no choice because I have to do it.

That's why I do if I have a chance to buy bitcoin even if it's a small amount I really buy and save it, because as much as possible I need to replenish the bitcoin I have taken out, that's what I do.

Don't feel bad about it though, using Bitcoin as a payment is like an act of support for Bitcoin as a currency. We don't only treat Bitcoin as a store of value, but we have to use it to pay for something so we can really call it a currency, not just an asset or investment.
Me, personally haven't had more Bitcoin spent on payments, but whenever I do that's the first thing that comes to my mind and I don't really mind the regrets of spending the future value of it, because I have somehow contributed on the continued development and adoption of Bitcoin.

bettercrypto

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Honestly, when it comes to whether I will use bitcoin as payment or convert it to fiat, I 100% regret spending it because I have no choice because I have to do it.

That's why I do if I have a chance to buy bitcoin even if it's a small amount I really buy and save it, because as much as possible I need to replenish the bitcoin I have taken out, that's what I do.

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Quote from: serjent05 on April 17, 2023, 12:57:00 PM

Those people who do not touch their BTC are investors and use Bitcoin as a tradeable asset and not as currency. Obviously, they will feel bad if they are forced to use their investment due to a lack of fiat currency funds. But for those who look at Bitcoin as a currency, will be happy to find merchants where they can pay in BTC. I am one of these kinds of people that don't feel bad paying with BTC.

The true function of Bitcoin, as @serjent05 aptly stated, is that it serves as a digital currency that enables peer-to-peer transactions without the need for intermediaries such as banks. However, Bitcoin attracts individuals with diverse objectives. Some consider it as the best long-term investment, while others view it as a speculative model with high profit potential, and some employ it solely for transactions, among other purposes. This multiplicity of functions is a significant advantage for Bitcoin's existence since one asset can have multiple functions depending on the owner's perspective.

Transacting with Bitcoin is seamless as it offers security, anonymity, low transaction fees, fast transaction speed, and decentralization. These features are unmatched when compared to bank transactions.

When determining your perspective on the future of Bitcoin, consistency is key. There is nothing wrong with adhering to your chosen perspective.

nakamura12

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Quote from: loopes on April 17, 2023, 01:48:56 AM

actually, every one have their own choice with different reasons to use bitcoin as daily use payment. In my point of view, i choose to store bitcoin in my wallet (holding) and some of my bitcoin will be traded on short trading, then after i get some profit i usually withdrew the btc to fiat before use for payment on daily purchasing.

Nothing wrong with laszlo that he bought pizza for 10.000 btc, it was his choice to do it. No one knows exactly what will happen in the future including the price of bitcoin will rise or drop.

That's much the same as paying with BTC. When I want to buy something or to purchase something then I had to sell some of my BTC to fiat so that I can buy it. Cryptocurrency is not banned in my country but there aren't establishment that accept crypto as one of the payment method use in transactions that's why I sell BTC to fiat before buying. Better focus on the question in the title, my answer for that will be No, I won't feel bad while paying BTC. BTC is created for that purpose and more. It's up to us on what to do with it and what you want to spend with your BTC.

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

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.

Paying with btc is generally not bad idea. If you have money other than btc then of course paying with stable coin is better. The problem will be only in one condition when you have only btc and no money other than btc to pay then there is two solution for you. You have to pay via btc or you have to take loan and hold your btc strongly. I will prefer first one.

If anyone have strong faith on Btc that it price will increase high then paying with btc is not good decision. The user who sold 10,000 btc for 2 Pizza had no faith on Btc that it Will go such a high price that he can buy many shop of Pizza if he hold for 13 years.

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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.

Personally it has to be something truly amazing before I am going to spend scarce bitcoin on. In this case, I am actually facing a condition that meets these qualifications and I am buying a ticket to the bitcoin miami conference with bitcoin. Personally I just think that is a cool way to spend it and I think it'll be worth every sat. Thats just my two sats though.

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Actually that person was unaware of the highest worth of bitcoin that time and now a days everyone is familiar with the bitcoin price and worth and people will not accept the same thing. Paying with bitcoin is not bad thing but this year everyone knows very well that in future bitcoin will be more useful therefore they always prefer bitcoin to be stored for longer time than paying with it.

Bitcoin in both way are beneficial so we cannot ignore the reality and uses of bitcoin but it depends on a mind of holders because he will have think about his investment, profit, losses and about upcoming plans.

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Quote from: Obito on April 16, 2023, 11:52:43 PM

Laszlo didn't expect the prices to go that far though and it's not like he wasn't doing it for nothing, iirc he did it to prove that you can use bitcoin for basic transactions not to mention that he's already part of the history of bitcoin, now the lens that we will look at it will be different but we know for a fact that he did something great. Stop dwelling too much on the thought that you spending your bitcoin and for the prices to go up after the fact is a bad thing, it's not your fault, and it's not like you know that the prices were going to go up after you've used it for some transactions.

Most probably Laszlo was very happy spending those BTC for pizza during those times. I bet anyone who holds BTC will also be happy if they are in Laszlo's shoes that time.

Quote from: yazher on April 17, 2023, 12:33:58 PM

Well, most people are not spending their bitcoins when the price is still recovering and they likely waiting for the price to rise until they decided to sell it to buy expensive things or properties just like the stories of the people who do that every bull runs. There are lots of successful stories regarding their selling of their bitcoins when the price is high and you find them extremely patient when it comes to holding their bitcoins and not getting any doubt with their plan when they see the price not moving at all.

Those people who do not touch their BTC are investors and use Bitcoin as a tradeable asset and not as currency. Obviously, they will feel bad if they are forced to use their investment due to a lack of fiat currency funds. But for those who look at Bitcoin as a currency, will be happy to find merchants where they can pay in BTC. I am one of these kinds of people that don't feel bad paying with BTC.

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Quote from: CryptoBuds on April 16, 2023, 11:29:08 PM

Quote from: nakamura12 on April 16, 2023, 10:39:23 PM

Don't be. You feel that way because you think the total amount of BTC which is paid for pizza with today's value of BTC. If you think differently where the price of BTC that day is different to this day. That time 10k BTC is worth around $40 compared to this day's BTC price so that's why the buyer didn't feel bad or disappointed. So, today if someone wants to buy pizza and they accept BTC then you won't have to pay 10k BTC just to buy pizza but rather pay BTC that is worth the pizza let's say $40 and that would be 0.0013 BTC.

I am pretty sad when many people keep repeating the story of Laszlo Hanyecz when using 10 thousand BTC to buy 2 pizzas. I don't know what are they thinking? Because I bet those people that, even if they knew about bitcoin at the time, they wouldn't have dared to invest in 1 bitcoin, let alone own 10 thousand BTC. The early adopters of bitcoin made history, what they did is the foundation that we are here today, without those transactions, there wouldn't be any crypto market until now. We should show them respect and gratitude rather than mocking them.

Many people don't understand how bitcoin was as of that time so when they heard that someone like Laszlo Hanyecz used 10 thousand bitcoin to buy 2 pizza as for then, the money is too big to buy the pizza. They have not considered how much was bitcoin as of then. They always thought of the present price of bitcoin. Therefore, using bitcoin to buy someone is different from what has been used in those years. Because in those days bitcoin was growing and now bitcoin is expanding to all corners in the world. So if I use bitcoin bitcoin to buy something in my area, I will feel happy.

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Quote from: Fivestar4everMVP on April 14, 2023, 05:37:40 PM

I've had the pleasure to spend some of my bitcoin to purchase a really good item, and trust me, I do not regret it, after all, bitcoin was created to be a currency through which people can buy and sell good s and services, eliminating the banks and preserving user privacy.

Spending bitcoin is also contributing to adoption which we all clamor for, if everybody should decide and hold their bitcoin tight, how then will the coin circulate into new hands,?
So it's nothing really to be afraid of, or feel angry about, you are also helping the bitcoin network and holders grow when goods or service are paid for in bitcoin.

That should be the proper mindset of bitcoin hodlers as bitcoin is still intended to be spend so that it can act as a currency too, not just a long term investment forever. However, I also understand what OP feels since I was more like that before, but you know when you feel satisfied and fulfilled with what you purchase from bitcoin, getting uncomfortable or having regrets will be then impossible.

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Well, most people are not spending their bitcoins when the price is still recovering and they likely waiting for the price to rise until they decided to sell it to buy expensive things or properties just like the stories of the people who do that every bull runs. There are lots of successful stories regarding their selling of their bitcoins when the price is high and you find them extremely patient when it comes to holding their bitcoins and not getting any doubt with their plan when they see the price not moving at all.

Topic: Do you feel bad while paying with BTC? - page 6. (Read 1735 times)