Topic: Do you feel bad while paying with BTC? - page 9. (Read 1735 times)

Paying with BTC is not bad option if you split btc into two parts. one parts for holding and other for spending via online transactions. unfortunately our country has not regulated Btc and crypto yet and there is no shops and service where we able to make payments through Btc.

Stable coin is Another good option for using online transactions that you mentioned because Btc price is not stable and for long term it can give you good profit if you hold tightly. By the way i am waiting to spend my first Btc transaction for online purchase and i hope our country Will adopt it soon.

Of course Bitcoin is a form of money.  And bitcoin secures our life and fulfills our need for money. But then we are stupid when we spend bitcoins in dip market even when the price is very low and after spending we don't buy them again in the dip market and hold them. Bitcoin is certainly capable of providing profits and continues to do so. Therefore, investing in Bitcoin by selling your house is not that logical.  It is true that if the business is done properly it is possible to get huge amount of profit from it.  So in this case you will sell your houe and jump into business? You must go to business according to your ability.  Bitcoin investment is also a type of business.  It is better to invest in Bitcoin according to your ability

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.

I'd you can't spend your Bitcoin why are you using Bitcoin? I have used Bitcoin to buy many things in my life, 80% of all my properties and belongings are from Bitcoin money, I don't feel bad about spending Bitcoin because I will get Bitcoin in another way, it's like saying you feel bad eating your favorite food when you can go out and buy that same food over and over every day or when you like, there is nothing to worry about unless you stay out of Bitcoin and decide to never get into Bitcoin again.

At first, yes I felt bad, but over the years of using it to buy things, I didn't felt it anymore. I'm not directly using Bitcoins to buy things online, but I'm converting it. I mean it's the same right since it started as a Bitcoin, and then converted it.

I felt bad when I used my own Bitcoins to buy my personal computer. I think I spent around 0.09 BTC at that time, but that was around 2019 when Bitcoin's price is still 4-digits. Fast forward to today, I'm not feeling bad anymore because if I didn't bought my computer at that time, I don't have anything to use now. It wasn't only personal computer that I bought using Bitcoins. I also bought a phone with it. I'm also getting some of my Bitcoins to pay some bills in our home (thru signature campaigns). Month after month after month, I'm using Bitcoins to buy or pay things (like I said, I'm not directly using Bitcoins, but I'm converting it).

Overall, it depends on the person who has Bitcoin. If he sees Bitcoin as an asset, and believe that it will go up in the future then just hold. On the other hand, if he sees Bitcoin as a currency that we must use to pay things then just use it because after all, Bitcoin is a currency at first. As for me, I see it as both an asset and a currency that's why I'm holding Bitcoins, and at the same time spending it.

Why is it stupid for someone to use bitcoin? Bitcoin is not money? and money is to serve us. If you are sure that bitcoin will give you profit and no risk, I think you should sell all your house and possessions to invest in bitcoin. Because then later you will become rich and you do not need to work anymore.

Laszlo Hanyecz made history and proved to the world that Bitcoin works and has value, he has no regrets. I bet you, if you were at that point, you wouldn't even dare to buy bitcoin, let alone use it. The future is unpredictable, so don't pretend to be smarter than anyone, we should be grateful to those who made history and made bitcoin what it is today.

I am also in the same shoes right now. I know how bitcoin started from a scratch until it reaches its present market value that’s why i also intend to keep my bitcoin as much as I can until I’ll achieve my goal price. I don’t want to live regretting wishing if only I didn’t spend my bitcoin earlier. Good thing I still have enough fiat to spend for now, that’s giving me an advantage to focus on bitcoin as my long term investment, and maybe only spend when the price is right.

^Definitely right and also there is nothing wrong with using BTC to fulfill your immediate needs and enjoy the benefits of your hard work. It is all about finding a balance between holding onto your investment for the long term and using it to enhance your current lifestyle. Because for me, I will not hesitate to use my BTC if I am badly needed on it, at least it fulfills when the time I needed it. That is the purpose of BTC and the reason it was created, to become an alternate payment in fiat but people see an opportunity to make a profit by holding its value on it.

Actually, for conditions like this, I think it depends on you whether you really want to do something like this or not, because there are many people who do it now, although it's not uncommon for people to regret their assets, in this case bitcoin, to spend.
But I think I'll also be in the second bracket for now nor would I really intend to do something like that and would rather have paper or fiat money to spend over bitcoins. Even though it's like that eventually I too will do at least 1 or 2 times just to try to do the thing.

Just turn off the greediness within us and we will find spending BTC to pay for our purchases satisfying.  I am not saying stop accumulating Bitcoin, but if we happen to spend Bitcoin because our funds is in it, then we should accept it wholeheartedly in order to live a happy and peaceful life.

We cannot have peace if greed engulfs us.  So better let go of the regrets of the past Bitcoin expenses.  if we feel bad spending Bitcoin then we must not use Bitcoin as a mode of payment.

That’s why most of us here are hodling 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. However, I don’t see wrong with that as everyone here as it’s own time preference when to sell, but if we can also spend a portion of bitcoin to fulfill our needs, for me that’s not bad though as we opt to enjoy the fruit of what we had been working for long.

Certainly, people need crypto so they can make it as an investment and when they start making profits, eventually they also use it to invest more and grow their expected profits. That’s why people crave for bitcoin, not because they want to have more funds when this bitcoin converted into fiat, but because they want to maximize their investment so that in the future when bitcoin price is at its peak, they will be able to enjoy the huge profits that bitcoin can give.

Not everyone can hold long-term just like you as some have financial needs.
So for me, if you badly need to convert your btc to your fiat, why not?
Don't let yourself suffer with hunger or no lights just because you don't want to touch your satoshis.
You can always find a replacement for those coins, but the health and well-being, that's very important.
Remember, if you are in good health, you can always find a good job that can replenish what you've sold.

If you feel uncomfortable spending your btc, then just hold it. Spend it only in case of emergency or when your funds are not enough to pay so spending a portion of your btc is quite reasonable. I guess you are not alone as most of us here are still hesitant to spend our hard-earned coins but if spending could contribute to faster adoption for bitcoin, then we should ought to spend a portion of our hodlings so we can do our part too. After all, bitcoin is not just a sole investment but certainly designed to be a good currency.

that's why one of the reasons I still hold bitcoin for a long time until now is because I believe in the value of bitcoin which will continue to increase every time, no matter the bearish market or see a lot of media saying up to hundreds of times bitcoin has died, I always believe in bitcoin investment for long term so i never really want to use it also to pay for something even to buy a tesla car or a luxury house with my bitcoin i think being bitcoin as a digital asset is much better than having it as a means of payment  

Yes I agree with you it works exactly like this when we use bitcoins it is currently costed at the present rate relative to the dollar but at that time we cannot fill it. But when the price of bitcoins goes up a lot we can fill it and then we regret why we spent those bitcoins at that time. For example if you notice a guy named Laszlo Hanyecz spent 10,000 bitcoins to buy only two pizzas then maybe he couldn't fill it.  Maybe he was very satisfied with it then.  But he can now fail to realize how stupid he was then by spending the bitcoins

Transaction fees are no longer an issue thanks to the inception of the Lightning Network. Merchants can accept LN payments to save fees and reduce wait times. You'd be paying in "satoshis" instead of Bitcoin directly (although satoshis are fractions of a BTC). The real issue is unstable market prices in Fiat terms. But that wouldn't be a reason of concern if you use BTC as "digital cash" regardless of its Fiat value.

Many people often view Bitcoin as an investment tool, so they panic when market prices go down for a short period of time. The only way this can be solved is if the current banking system collapses for good. Only then, the world will switch to the "Bitcoin Standard". Who knows if our dreams come true sometime in the future? Just my opinion

I think if you take consideration of directly using bitcoin, there is indeed some feeling of uneasiness since it is a volatile currency that any second or minute changes its value. If the value got higher, you probably feel bad spending it. If it got lower, you might feel ok since you used the value of your currency at a higher one. So, it is like a roller coaster ride since you won't really know what would happen next. So, when spending just be sure you are ready to feel those emotions and try to spend wisely.

The amount we have to spend when transacting with stable coins is relatively lower, but you also need to pay attention to other factors such as network congestion. If you decide to choose transactions with coins such as USDT or LTC because transaction fees using Bitcoin are expensive, have you ever compared the other positive effects you get when transacting with Bitcoin?

The food menu is expensive because it is definitely delicious. While the cheap food menu is still not guaranteed to taste as good as expensive food.

the main thing I feel when paying using bitcoin is to feel sorry because of the nature of bitcoin which I tend to function as a tool for making a profit. it's different if the price of bitcoin is high and I feel it's worth releasing maybe I can change my mind, whether I make fiat for payment or make it a stable coin first, because I'm sure that after the bullish season is over, bearish season will come