Topic: Do you feel bad while paying with BTC? - page 7. (Read 1735 times)
I don't know anything about buying pizza with 30 bitcoins but we all heard the story of buying pizza with 10000 bitcoins. If you are a strong holder of Bitcoin then holding Bitcoin is important for you. But if your financial situation is not so good you have to convert bitcoins to fiat then there is no benefit. I am interested in paying BTC payment. I collect bitcoin separately for holding. In that case I have no concern about this payment method. When Bitcoin will be bullish, someone can feel bad emotionally. But it is impossible to reconcile emotion with reality.
I admit making payments with BTC might be a bit uncomfortable sometimes considering the it's volatile state in the market. Knowing that you can sell for a higher price could be so painful at times.
Nevertheless, Bitcoin's sole purpose is to give financial freedom and not necessarily a means of making profit. Just as you would use any other currency, Bitcoin was created to do the same. However, in a more decentralized way, thereby making you free from the constraints of bank and the government.
In my opinion, BTC should be used more in making payments. I believe this would make people comfortable while using it for payments.
I have not been able to make payments with btc, I have a special card to make those payments, but I have not done it because somehow they ask for my ID and I do not like that, I am not from the country where I am, I do not want them to file me to pay Very costly taxes, so what I did was transfer it to a wallet that I downloaded and have on my cell phone but I haven't used it, the most likely thing is that they ask for identification and that is something that I would no longer do, so I prefer to use other things, and Obviously fiat money, but that's my fear, I don't know if it's like that in other countries.Nevertheless, Bitcoin's sole purpose is to give financial freedom and not necessarily a means of making profit. Just as you would use any other currency, Bitcoin was created to do the same. However, in a more decentralized way, thereby making you free from the constraints of bank and the government.
In my opinion, BTC should be used more in making payments. I believe this would make people comfortable while using it for payments.
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 feel the same way when I make transactions with bitcoin, the feeling of not wanting to lose bitcoin and being used to treating bitcoin as an investment asset for the future makes me feel uncomfortable when the bitcoin that I have is used as a medium of exchange, I think this depends on myself and how does someone treat bitcoin, especially when the market is bad or the buying price of bitcoin is much higher than today's bitcoin price, it will be a big trauma for me even though basically bitcoin is created as a better alternative currency.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 think his orientation is not fixated on the sentence number of bitcoins, it's just that maybe the OP thinks that the bitcoin he treats bitcoin is like an investment asset for the future which may have a higher price than today and make him feel bad if he loses bitcoins because of today's transactions .
I admit making payments with BTC might be a bit uncomfortable sometimes considering the it's volatile state in the market. Knowing that you can sell for a higher price could be so painful at times.
Nevertheless, Bitcoin's sole purpose is to give financial freedom and not necessarily a means of making profit. Just as you would use any other currency, Bitcoin was created to do the same. However, in a more decentralized way, thereby making you free from the constraints of bank and the government.
In my opinion, BTC should be used more in making payments. I believe this would make people comfortable while using it for payments.
Nevertheless, Bitcoin's sole purpose is to give financial freedom and not necessarily a means of making profit. Just as you would use any other currency, Bitcoin was created to do the same. However, in a more decentralized way, thereby making you free from the constraints of bank and the government.
In my opinion, BTC should be used more in making payments. I believe this would make people comfortable while using it for payments.
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.
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.
It is true that bitcoin has been generating profits for investors. But bitcoin was initially created as a means of payment, and it can still be used as a form of payment today. You are right, everyone has their own choice, not everyone considers bitcoin an investment, and many people are still using it daily instead of fiat. So there's nothing wrong with someone buying Pizza with bitcoin or using bitcoin for everyday spending. Bitcoin is very flexible, and what we use it for is up to each person, no one is wrong, and no one is right here.
OP, it depends on your goals and the type of investor you are. I you feel bad for paying in Bitcoin, because you regret missing a chance to pay lower in future or sell those Bitcoin for a higher price, then welcome to complete holders club. But my advice would ne to stop regretting of feeling bad for things you did (if we talk about good deeds and non criminal). Feel shame, bad, uncomfortable for nothing. This is your life and you have only one of it. You will never get an experience or emotion if you havent tried. If you will feel bad for every missed opportunity you had and will have, your head will explode. I dont think that Laszlo still regret for paying so much for pizza. I bet that pizza tasted good and right now he is having good life either, with or without those 30+ BTC.
Bitcoin for payments is one of the primary functions why Satoshi develop Bitcoin in the first place, this is included in the Bitcoin whitepaper was Satoshi mentioned Bitcoin to be an electronic online payment which is why we advocate for Bitcoin-wide adoption.
I understand your feelings, concerning paying with Bitcoin this is because you are an inventor and that investor mindset has made it easy for you to spend more fait and stocking of Bitcoin for future gains.
I understand your feelings, concerning paying with Bitcoin this is because you are an inventor and that investor mindset has made it easy for you to spend more fait and stocking of Bitcoin for future gains.
The person who bought only one pizza with a large amount of bitcoins because bitcoins had no value in the market at that time and the person did not know that the value of a bitcoin could increase so much later. If he had the slightest idea about it, he would never have done such a thing. His transaction is still in history.
But you make a valid point here. You mean,
"we are transacting through Bitcoin in our daily life so we are paying more than the fixed price". Because we are currently trading according to the market price of Bitcoin. When the value of these bitcoins increases, we may regret it like the person who bought a pizza with a large amount of bitcoins.
So we should be careful about this in advance. We can hold the amount of bitcoins we have for a certain period of time. And daily necessary transactions we can do with different stable coins. So that the profit remains with us if the value of Bitcoin increases later.
But you make a valid point here. You mean,
"we are transacting through Bitcoin in our daily life so we are paying more than the fixed price". Because we are currently trading according to the market price of Bitcoin. When the value of these bitcoins increases, we may regret it like the person who bought a pizza with a large amount of bitcoins.
So we should be careful about this in advance. We can hold the amount of bitcoins we have for a certain period of time. And daily necessary transactions we can do with different stable coins. So that the profit remains with us if the value of Bitcoin increases later.
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 feel very similar to you about paying online with BTC. Due to the high volatility in the Bitcoin market I try to avoid using my precious coins as much as possible. When I first started out with Bitcoins I used them for all my purchases. That was probably my biggest investing mistake, I wish I would have held all my coins and paid in Fiat or stablecoins instead. The problem with paying in Bitcoins when the price is at 10 or 20,000 USD is that you will feel bad once the price rises. The same goes for using my bitcoins for gambling, I don't really deposit money anymore with BTC. In the past I also used crypto coins to deposit money quickly at the casino, but now I prefer to stick to using Fiat money to deposit and withdraw in crypto currencies.
I always remember the guy who spent 30+ bitcoins on pizza
What are your thoughts about this?
I think you are talking about Laszlo Hanyecz, he did not sold 30+ BTC to buy two pizza actually he sold 10,000 BTC to buy 2 pizza. I want to shed some more light on this for your understanding, he made an offer to sell his 10k BTC for 2 pizzas on this Forum (bitcointalk)! Isn't it awesome. Here. Now coming to your query, if you have such big amount of BTC in your hands then i prefer to not use them for daily expenses. Because in this way you can not make big money but if you have some 0.004 or 0.0004 BTC than My friend do not worry about your future because this amount ain't going to bright it up. HeheWhat are your thoughts about this?
(No offense) Actually, back in 2010 the price of these 10,000 btc were around $40 dollars and if we buy $40 dollars of BTC today you will get around 0.0013 maybe. To make big money like Laszlo Hanyecz could have made, you need pile of BTC not small amounts. But, if you do have pile of Bitcoins than my advice for you to, not use them.
For myself, i have few dollars in BTC and i do not even want to change them in fiat even though i know at most, if the BTC hit $100,000, i will make around $450-$480 dollars in profit. That's not a good profit for such a big timespan but something is better from nothing.
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.
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.
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.
No one can predict what the future will be like, even Satoshi must be surprised by the value of bitcoin today. If you can hold bitcoins for a long time that's good for you, but spending bitcoins is also good for you because it benefits you. I don't regret spending my bitcoins for life, as it is serving my life well.
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.
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.
For now, with the skyrocketing price of BTC, it would be very profitable to buy a pizza for just a fraction of BTC, but that only applies in developed countries where most people already understand the crypto world and have a crypto wallet on their mobile, but not so in developing countries it will be difficult. Because banknotes and credit cards are still dominantly used there, the answer will be that most people will still feel uncomfortable using BTC as a means of daily transactional payments.
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.
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.
Honestly, I've never done that in my locality, I can't find any stores that accept or use bitcoin. Since then, I have also gotten into the habit of seeing bitcoin as an investment, a store of assets rather than a currency. What I'm doing is hoarding as many bitcoins as I can, and I don't want to spend my bitcoins even a little. But I don't see a problem with other people using their bitcoins because the real purpose bitcoin was created is to be a payment method.
... but I tend to thank them for not banning bitcoin completely like some other countries.I hope in the future, they will become even more bitcoin friendly and maybe make it an additional payment method. I also wanted to experience a one-time bitcoin payment at my local store as others did.
Honestly, I've never done that in my locality, I can't find any stores that accept or use bitcoin. Since then, I have also gotten into the habit of seeing bitcoin as an investment, a store of assets rather than a currency. What I'm doing is hoarding as many bitcoins as I can, and I don't want to spend my bitcoins even a little. But I don't see a problem with other people using their bitcoins because the real purpose bitcoin was created is to be a payment method.
Your experience seems to be the same as mine. Yes, bitcoin is not legal currency for me to use under the jurisdiction of my country, so of course that precludes me from using it as means of payment. But that doesn't mean I can't use it, especially between one user and another via online. It's hard to find a physical store that accepts bitcoins or I probably wouldn't find one in my country but I think we can work around it if needed.In my opinion, legality is one that hinders the adoption of bitcoin in various countries. Of course I'm not going to put pressure on governments to legalize bitcoin as legal currency, but I tend to thank them for not banning bitcoin completely like some other countries.
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.
Each payment of Bitcoin moves our crypto-currency world to spread and popularize.
I also don't like spending bitcoins or other cryptocurrencies to pay for anything, but there are times that you need to pay. And there is no other choice. There are all sorts of situations: you need an operation, or money to help in a desperate situation, also for food, for children.
After all, money is not the end result and it will not make us happy, but the things that we can buy with it are quite.
Don't forget about it!
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 never try to buy anything with Bitcoin even though I am in a lot of trouble most of the time. To date I have never paid directly with Bitcoin. Because bitcoin is not valid in my country I can never pay directly with bitcoin I pay by converting from bitcoin to my country's currency. But a few days later I was forced to sell some of my stashed bitcoins for my family needs. It felt bad to sell because I had been accumulating these bitcoins for a long time, but maybe it was the bull season and I had to sell. I got a lot of joy in spite of the hardship because I got this bitcoin help in my need.Honestly, I've never done that in my locality, I can't find any stores that accept or use bitcoin. Since then, I have also gotten into the habit of seeing bitcoin as an investment, a store of assets rather than a currency. What I'm doing is hoarding as many bitcoins as I can, and I don't want to spend my bitcoins even a little. But I don't see a problem with other people using their bitcoins because the real purpose bitcoin was created is to be a payment method.
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