Do you feel bad while paying with BTC? - page 8.

panganib999

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Quote from: Supreemo on April 14, 2023, 10:47:29 PM

exactly. atlhough i hate to say this but as of now it is not a bad thing to use bitcoin as a currency or for payment methods. in short, since it is still at an early age it is serving its purpose as a currency, but i know for sure when the time comes it'll be a big regret to use this a currency coz even now a lot of people are already regretting using it due to the fact that it can be a store value.

I think you misconstrued my last post, although I wouldn't cross out your statement because well, it's not that wrong.

Let me just clear up a few things.

Bitcoin is not being used primarily as a currency right now, but as an asset or commodity for earning more money. Sure there are whole countries that dedicate their whole economy to using bitcoin as a form of currency but for the most part, it's being used to earn money.
I don't see the reason why people would regret using bitcoin to pay for stuff, like of course it's profitable when held but sooner or later you'd spend it on something anyway, why wait? The bull run? Hardly a good reason.

Supreemo

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Quote from: panganib999 on April 14, 2023, 06:51:52 PM

It's because you see bitcoin as an asset, not as a leverage. The main reason why we're pushing for global adoption is not to make everyone an instant millionaire overnight. That just wouldn't make sense. The reason why we're doing so is because well, to offer the people a better form of currency system woth paradigms that aren't stepping on their necks.

Still, being uncomfortable with spending bitcoins isn't inherently a bad thing, it just goes to show where your priorities are in the industry.

exactly. atlhough i hate to say this but as of now it is not a bad thing to use bitcoin as a currency or for payment methods. in short, since it is still at an early age it is serving its purpose as a currency, but i know for sure when the time comes it'll be a big regret to use this a currency coz even now a lot of people are already regretting using it due to the fact that it can be a store value.

panganib999

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It's because you see bitcoin as an asset, not as a leverage. The main reason why we're pushing for global adoption is not to make everyone an instant millionaire overnight. That just wouldn't make sense. The reason why we're doing so is because well, to offer the people a better form of currency system woth paradigms that aren't stepping on their necks.

Still, being uncomfortable with spending bitcoins isn't inherently a bad thing, it just goes to show where your priorities are in the industry.

NicNacCoin

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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.

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.

samcoin

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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.

I think Bitcoin is more like a store of value now than a payment system, because fees and time of transactions can't help it to be a fast payment system, if we ignore government regulations. Indeed, when Bitcoin was invented, there weren't a lot of altcoins that have different advantages which make them a better payment system than Bitcoin. Now, we have altcoins with near to zero transaction fees, and others with very fast transactions that happen in seconds. Personally, I don't prefer spending Bitcoin buying goods or services, except in the case in which the service provider or the seller doesn't offer the option of paying with other crypto currency, so I would be forced to pay with Bitcoin. However, most services offer more than one crypto currency now, and Litecoin is a notable option in this case, as well as USDT on TRON network has low fees.

Fivestar4everMVP

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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.

Fatunad

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Quote from: DaNNy001 on April 14, 2023, 05:21:41 PM

Quote from: Supreemo on April 01, 2023, 08:50:22 PM

somehow, coz I couldn't help but think about the potential value after spending it. though we think that we are just using it as what it is supposed to play on its role, we cannot avoid thinking "if only I didn't spend it, it should have been this big $$ already". way back when I was using bitcoin to pay for bills and other stuff, my regrets isn't that great as I have right now, but somehow after having much thought, I'll just console myself saying "if I didn't used that before, I wouldn't be here where I am today".

I think am with you on this mate, i actually go back and check my recent transactions which i used for payment of bills and i find out that it market value has increased and i do have a feeling of regret why i actually spent the btc but i always arrived at one defination which is that bitcoin is actually money and its only purpose is not saving but also for paying of bills.

When trying to look back into my previous old wallets that had been used 7-8 years ago on which i do really have that kind of regret on which i havent been able to save up those coins but instead i do
make out some active withdrawals and converting it to fiat.It did really make out that kind of regret on which i've been thinking that if ever i havent done such thing then i would consider myself to be a millionaire.
Basing up on how far the prices had able to reach out then it would really be that something that leave you in regret on what you have done in the past but well there's nothing we can do but
to make ourselves move on and proceed on what are dealing as of these days.There's no point on keeping going back with those mistakes that you have done.

DaNNy001

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Quote from: Supreemo on April 01, 2023, 08:50:22 PM

somehow, coz I couldn't help but think about the potential value after spending it. though we think that we are just using it as what it is supposed to play on its role, we cannot avoid thinking "if only I didn't spend it, it should have been this big $$ already". way back when I was using bitcoin to pay for bills and other stuff, my regrets isn't that great as I have right now, but somehow after having much thought, I'll just console myself saying "if I didn't used that before, I wouldn't be here where I am today".

I think am with you on this mate, i actually go back and check my recent transactions which i used for payment of bills and i find out that it market value has increased and i do have a feeling of regret why i actually spent the btc but i always arrived at one defination which is that bitcoin is actually money and its only purpose is not saving but also for paying of bills.

nurilham

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Quote from: Argoo on April 01, 2023, 08:57:02 PM

Well, your thought is not devoid of common sense. I am sure that a significant portion of the members of this forum have never made purchases with Bitcoin settlements. Indeed, why kill the goose that lays the golden eggs. And when making small household transactions, and even middle-level transactions, it is not very convenient to use bitcoin, given that it is not possible to pay with them everywhere. So far, bitcoin is more used as an investment in the hope of greater profits due to its price growth in the future, and not as a means of payment. Although this is not entirely good for the liquidity of Bitcoin itself.

How do you know most forum members never used BTC for purchasing? You only speculate about this, it has no valid data about how many members use it whether for investment or purchasing. But it makes sense that most people prefer to use it as an investment because Bitcoin is still not available to use at any place.

However, I'm sure that Bitcoin may be used anywhere in the future. More country adopts it as legal tender, which means more chances for Bitcoin to be accepted as a payment tool.

https://coinmarketcap.com/legal-tender-countries/

Russlenat

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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.

Now that the market is good, are you still uncomfortable spending bitcoin? I think it’s really normal to feel uneasy when you spend your bitcoin knowing it could hit its all time high in the future. But bitcoin isn’t good for hodling forever, right? You have to spend it so it can serve its purpose, and right now with the current price of btc, I think that’s not bad if you spend a portion of it. But to be honest, as long as I have enough fiat to spend, I will still continue to hold bitcoin and spare it from spending.

DiMarxist

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As for me I will not do payment with BTC, that was olden day we now in modern day, because him don't know bitcoin will rise to up to this, bitcoin is a long-term holding investment, That’s why you can see most of us here are holding bitcoin and spending fiat, because we know the fact that bitcoin could reach at its peak price in its most unexpected time. And because we don’t want to miss that chance, we prefer to keep bitcoin as a long term investment rather than to use it as a currency. So far, bitcoin is more used as an investment in the hope of greater profits due to its price growth in the future, and not as a means of payment the market will remain to fluctuate and it is highly unlikely that the btc market will not be stable to function as currency.I will still use bitcoin because bitcoin can never be stable.Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits so I will not try paying something with bitcoin.

Abiky

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Quote from: uneng on April 01, 2023, 06:11:38 PM

To make purchases with bitcoin is only worthless if you don't replenish your portfolio from times to times, through DCA, for an example. But if you are constantly acquiring new portions of BTC, it won't be an issue to pay for goods and services with bitcoin, as it just mean you are swaping fiat into crypto to use it as money on the present moment, without prejudicing your long term profit potential.

The pizza guy who spent 30 bitcoins was mentioned, but even him shouldn't feel bad about it, because if he had 30 BTCs for a pizza, I believe he had much more for holding purposes... It wasn't spending 30 BTCs in a pizza that prevented this guy from getting millionaire through BTC and it won't be your daily purchases with BTC that will prevent you from profiting from the investment futurely.

The guy who paid 30 BTC for pizza never thought the cryptocurrency would become as valuable as it is right now. He just considered Bitcoin as a currency. Not a long-term investment or a store of value. The original purpose of Bitcoin is to be used as "Peer to Peer Electronic Cash", so I don't get why people are so focused on its market price. 1 BTC = 1 BTC, right? Unfortunately, the world is reluctant to switch towards the "Bitcoin Standard", so most people will either spend or "hodl" BTC depending on current market conditions.

If you're really worried about losing purchasing power in the short term because of the volatility, then use stablecoins instead. BTC is growing in popularity each day, so it should only be a matter of time before a wide number of merchants worldwide accept it as payment method. Just my opinion

Argoo

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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.

Well, your thought is not devoid of common sense. I am sure that a significant portion of the members of this forum have never made purchases with Bitcoin settlements. Indeed, why kill the goose that lays the golden eggs. And when making small household transactions, and even middle-level transactions, it is not very convenient to use bitcoin, given that it is not possible to pay with them everywhere. So far, bitcoin is more used as an investment in the hope of greater profits due to its price growth in the future, and not as a means of payment. Although this is not entirely good for the liquidity of Bitcoin itself.

Supreemo

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somehow, coz I couldn't help but think about the potential value after spending it. though we think that we are just using it as what it is supposed to play on its role, we cannot avoid thinking "if only I didn't spend it, it should have been this big $$ already". way back when I was using bitcoin to pay for bills and other stuff, my regrets isn't that great as I have right now, but somehow after having much thought, I'll just console myself saying "if I didn't used that before, I wouldn't be here where I am today".

AmoreJaz

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Quote from: uneng on April 01, 2023, 06:11:38 PM

Quote from: AicecreaME on April 01, 2023, 04:03:27 AM

I've never tried paying something using bitcoin because I know that it's a way of its potential at some point in the long run as of now. The profit you could gain versus fiat is incomparable, so I always prefer using fiat buying anything, less hassle and much cheaper in my opinion since bitcoin fee is gonna add up to the amount you're gonna pay for a certain product.

To make purchases with bitcoin is only worthless if you don't replenish your portfolio from times to times, through DCA, for an example. But if you are constantly acquiring new portions of BTC, it won't be an issue to pay for goods and services with bitcoin, as it just mean you are swaping fiat into crypto to use it as money on the present moment, without prejudicing your long term profit potential.

The pizza guy who spent 30 bitcoins was mentioned, but even him shouldn't feel bad about it, because if he had 30 BTCs for a pizza, I believe he had much more for holding purposes... It wasn't spending 30 BTCs in a pizza that prevented this guy from getting millionaire through BTC and it won't be your daily purchases with BTC that will prevent you from profiting from the investment futurely.

also, do remember, if you are using your satoshis to your basic needs, then for me, that's not worthless. you can always replace your used satoshis but being hungry, you couldn't replace it. your health is more important than your satoshis.
so i don't feel bad if i am converting my btc to fiat to buy food or paying my monthly bills. you can always find ways how to acquire satoshis. don't let yourself go in deep debt because you don't want to spend your satoshis. better sleep in peace rather than be stressful from the people you owed money from.

uneng

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Quote from: AicecreaME on April 01, 2023, 04:03:27 AM

I've never tried paying something using bitcoin because I know that it's a way of its potential at some point in the long run as of now. The profit you could gain versus fiat is incomparable, so I always prefer using fiat buying anything, less hassle and much cheaper in my opinion since bitcoin fee is gonna add up to the amount you're gonna pay for a certain product.

To make purchases with bitcoin is only worthless if you don't replenish your portfolio from times to times, through DCA, for an example. But if you are constantly acquiring new portions of BTC, it won't be an issue to pay for goods and services with bitcoin, as it just mean you are swaping fiat into crypto to use it as money on the present moment, without prejudicing your long term profit potential.

The pizza guy who spent 30 bitcoins was mentioned, but even him shouldn't feel bad about it, because if he had 30 BTCs for a pizza, I believe he had much more for holding purposes... It wasn't spending 30 BTCs in a pizza that prevented this guy from getting millionaire through BTC and it won't be your daily purchases with BTC that will prevent you from profiting from the investment futurely.

Forum_Coordinator 01

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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!

What system in particular are you referring to? System of government?

Quote

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.

That happened a long time ago; I guess that was the first practically presided Bitcoin usage. It wasn't Worth anything more than chips and pizza way Back,. I think that was also done to clear a pathway for the P2P Trnx process which enables a greater amount of scalability today.

Quote

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.

It's not even advisable to sell off your coins for the fact that the market is bad or diminished greatly; it's even advisable to buy at that point so it would carry you along to it Apex. Sounds really weird but it's even weirder if you begin to sell now at a big lost.

Mate2237

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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.

Paying with bitcoin is the best dream everyone who uses bitcoin is hoping for. And that can only be achieved if the country adopt bitcoin as the payment method as the Fiat. And if the gooods you want to pay with bitcoin is worth amount with your wallet funds and the seller accepts bitcoin directly to her or she wallet account then that what we need. I will never feel bad paying with bitcoin.

Concerning the man that bought pizza with bitcoin should not be blame because the same thing is still happening in the globe. You are trying to say that the man lost a lot of money, then I also ask this question again, you bought bitcoin as the rate 4$ and bitcoin came down to 15$ and you have a urgent need to settle, and the only option is to sell the bitcoin and solve the problem. So I also see this as the same the pizza man

bettercrypto

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For now of course, knowing that bitcoin's value will increase by 100k$ each, I feel honestly speaking it is really sad to make it an online payment.

If I have cash to buy it for now, then maybe when I have accumulated a lot of bitcoin or depending on the situation, I may as well not use bitcoin as payment because of the value it has now.

kizlod

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I paid with Bitcoin once, but I felt kinda bad. It was kinda necessary, but not the question of life and death. But I bought later even more BTC at a lower price, so I don't regret it at all.

Topic: Do you feel bad while paying with BTC? - page 8. (Read 1735 times)