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Topic: Do you pay with Bitcoin whenever you're able to? - page 2. (Read 1220 times)

sr. member
Activity: 2366
Merit: 448
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I have never used any purchases using bitcoin or any other crypto in any store or company, as it is not available and is still prohibited in the country where I live.
Bitcoin and crypto are only allowed for investment or assets are not allowed to make transactions, but I personally use bitcoin for transactions with friends who are involved with bitcoin or other crypto and he has online trading can make transactions using bitcoin or other cryptocurrencies secretly and there is also providing transparent fiat transactions.
So far I'm converting it to fiat to be able to make any purchases I want and other than that I'd rather keep it than use it unless absolutely necessary.
legendary
Activity: 2422
Merit: 1140
duelbits.com
Not this time, since, it is illegal to use Bitcoin as a means of payment method in my country although Bitcoin is legal as a commodity asset.
And so far, I never use it for global transactions because still doesn't relate to the merchants that I am using.

Why pay with Bitcoin?Bitcoin is a hedge against inflation, a savings vehicle.  HODL your bitcoin.,Never lost it.
Sometimes, somebody is willing to use Bitcoin for certain payments or transactions. It is not wrong to use Bitcoin for any payment if it is available. Some countries have also legalized and provided Bitcoins as payment methods inf merchants and also services.
Everybody has their own right to spend Bitcoin; for trading, investing/holding, or even using it for payment. 
full member
Activity: 154
Merit: 177
I would do this much more often if the fees were lower and more stores accepted crypto as payment.
the mempool is nearly empty at the moment - the perfect situation to prepare for higher fees, for example by looking into the lightning network
sr. member
Activity: 1274
Merit: 293
Of course but most of my purchase using bitcoins are big, probably in my country's currency it would be 6 figures so yes I do spend it on something whenever the opportunity permits to do so. I do hodl still but if I really want or need that thing and I don't have the fiat to buy it and I can buy it using bitcoin or other cryptocurrencies, I would grab the opportunity.
full member
Activity: 154
Merit: 177
Why pay with Bitcoin?Bitcoin is a hedge against inflation, a savings vehicle.  HODL your bitcoin.,Never lost it.
because i have to pay my rent for example - this hodl mentality has the assumption that people still have fiat left to spend...  Roll Eyes
jr. member
Activity: 70
Merit: 1
Why pay with Bitcoin?Bitcoin is a hedge against inflation, a savings vehicle.  HODL your bitcoin.,Never lost it.
member
Activity: 63
Merit: 12
I believe that everyone in the forum hopes that one day they can use Bitcoin to pay freely, just as
The Pharmacist---First time paying in person with bitcoin: Computer Heads, this article is very popular with everyone, and it also shows that we do people hope that there are more and more application scenarios like this, although for now, this kind of scenario It is not common in my country, and similar experiences only exist for some payments between friends.
hero member
Activity: 1890
Merit: 824
Defend Bitcoin and its PoW: bitcoincleanup.com
I actually pay with Bitcoins at more places than an average user, I believe. I have been paying most of my bills via bitcoins, I will mention some of the services I use for various needs.

1- Bitrefill - For gift cards to do shopping with amazon, recharges for TV, mobile and even order gift cards for food delivery chains.

2- I purchase express VPN to remain anonymous and gladly they accept BTC

3- In a lot of places where I need to make direct payment, I always make a polite enquiry whether BTC is accepted and it is is, I pay with that only.

There are a number of other places I pay with Bitcoins but I cannot mention all of them because some are personal and some I can't recall quickly enough.

Hey dezoel, thanks for lining out these examples. Two question if I may:

1. When you pay express VPN with BTC, do they request your personal information? They are required to aren't they? Or do they provide a key two a specified email address or anything?

2. When you make all these payments with BTC, are you running into any tax related issues?
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
I actually pay with Bitcoins at more places than an average user, I believe. I have been paying most of my bills via bitcoins, I will mention some of the services I use for various needs.

1- Bitrefill - For gift cards to do shopping with amazon, recharges for TV, mobile and even order gift cards for food delivery chains.

2- I purchase express VPN to remain anonymous and gladly they accept BTC

3- In a lot of places where I need to make direct payment, I always make a polite enquiry whether BTC is accepted and it is is, I pay with that only.

There are a number of other places I pay with Bitcoins but I cannot mention all of them because some are personal and some I can't recall quickly enough.
full member
Activity: 154
Merit: 177
Another small problem is the confirmation timing and some merchants require 3-confirmations which wastes a lot of time. I cannot imagine going to a shop making my purchase, paying with bitcoins and waiting needlessly for an hour for 3-6 confirmations. Maybe this can be solved by the altcoins payment option in such places where the queue is long and people cannot wait.

i do think you don't have the problem you mention if the merchants would use the lightning network (based on bitcoin) - there is no need to use altcoins for that
member
Activity: 742
Merit: 12
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I visited an electronic store recently in my neighborhood to get a set of tv and I was so surprised that the store accepts Bitcoin as payment and I was so happy to pay with Bitcoin transaction was fast. This was the first time I pay for real-life goods using bitcoin without having to exchange them before payment.
sr. member
Activity: 1694
Merit: 299
I believe the only limiting factor to spending bitcoins is the fact that there aren't so many merchants accepting bitcoins. I am of the opinion that people will spend their bitcoins if there are merchants accepting  it.
Even if I'm willing to spend my bitcoin, I wouldn't be able if there's no one accepting it. I also believe just like OP mentioned that bitcoin would attain mass adoption if bitcoin can be spent just like the fiat currencies we have now.
Another small problem is the confirmation timing and some merchants require 3-confirmations which wastes a lot of time. I cannot imagine going to a shop making my purchase, paying with bitcoins and waiting needlessly for an hour for 3-6 confirmations. Maybe this can be solved by the altcoins payment option in such places where the queue is long and people cannot wait.

If the store allows Bitcoin to pay, I believe everyone will pay with Bitcoin. However, there are no merchants in our country that can use Bitcoin to pay. If you use Bitcoin for large transactions, it is more cost-effective than using cash. Now the system is getting better and better, and soon we can use Bitcoin as a way of daily payment transactions. .
There are mediators like Bitpay that allow customers to pay with Bitcoins and allow merchants to accept Bitcoins and it's legal too but I think not many merchants are aware of such services and I am not sure how much they charge for the mediation between the customer and merchant.
legendary
Activity: 2660
Merit: 1074
No, I almost don't pay for purchases using crypto, because I don't know where.
That's a common and well-known problem but you can find a list of all websites accepting BTC below.

Link - https://icoholder.com/blog/places-accept-bitcoin/

Please note that I am just sharing it because I saw this somewhere but I am not affiliated or connected with them by any means so use it at your own risk.

Most of the porn websites now accept cryptocurrencies as well but I know that's not the optimal use of BTC.

There are some BTC ATMs now available in select countries and there are many BTC ATM providers now that are facilitating such transactions.
member
Activity: 882
Merit: 11
Volare.network
if it's for online transactions, yes. I will use bitcoin or other crypto coins if possible. since these few years I've been less dependent on paypal for online payment matters. I prefer to use crypto if that place accepts it. I've been disappointed with centralized services like paypal or others. I can't be free to manage funds and I'm also worried if at any time I'm banned for no apparent reason. that's why I use crypto as much as possible, because I believe more.
legendary
Activity: 2576
Merit: 1043
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Straight Bitcoin to be paid to the merchants?? No because nobody is accepting Bitcoin here in my place.
The money that I'm using though in paying some expenses and monthly bills here came from Bitcoin. I'm just converting them to our own fiat currency.

Lightning Network adoption is taking very slow and because of this, the process of adopting Bitcoin for the establishments takes a long time to happen. I believe though that in the future when LN will be popular, the adoption rate of Bitcoin will be much faster - Faster than we could imagine Smiley.
sr. member
Activity: 2016
Merit: 283
For me in my personal opinion even my country accept bitcoin as a payment option such paying bills and etc,  i will never use my bitcoin in it and i would rather spend my cash than bitcoin,  you know why? because for your information buying bitcoin nowadays is so expensive wherein the fees is too high than before. so for that reason i will prefer to invest my bitcoin because 100 percent i can make money on that way..

we need to be practical mate, keep in mind that bitcoin is keep increasing the value and we don't have any idea what will be the situation in the future..
hero member
Activity: 1890
Merit: 824
Defend Bitcoin and its PoW: bitcoincleanup.com
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I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.

This is a great topic you opened here and apart from all the issues raised like volatility, or the tendency to keep onto it because of the potential for price appreciation, and so on. The most important issue to me is what Andreas Antonopoulos once raised: taxes! He travelled around the world and paid with Bitcoin whenever he could and in order to annoy the IRS, he decided to print excel files onto paper for the innumerable amount of micro transactions he did, just to make them work so much that the amount of taxes was by far not enough to cover the work that has been put into. I think that is a big problem in many countries. They don't allow for tax free micro transactions, like paying the coffee and stuff.
hero member
Activity: 2268
Merit: 588
You own the pen
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I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.

Backi on the days when I play online games like MMORPG that I used to play back in the past years, they accept bitcoins to be traded with the same money and items. Therefore, I managed to progress the game quickly with the help of it since I don't have any Paypal or some kind of online payments to cash in. Today, I don't do that anymore since I miscalculated the past years that the bitcoins I spent right there would worth a hundredfold right now. Yeah! I messed it up, lesson learned though.
sr. member
Activity: 1610
Merit: 264
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Not everyone there, mate. I had foreseen these in my area quite a while when a popular custodial wallet here in my country got released and it just seemed like many were still like using fiat over cash. It is just that not everyone is still used to using Bitcoin. It is like "boomer" vs "gen z" when you call it. The former isn't expected to get used to the technology these days.
legendary
Activity: 2492
Merit: 1215
If you use Bitcoin for large transactions, it is more cost-effective than using cash.

Could you please explain how the size of payment influence on paying in cash? Did you mean that paying $100 is more easy and convenient than paying $100,000, because $100 is just one bank note, but stack of 10 * $10,000 can not be held in persons palm? While in crypto this is same one transaction?
I see no big dependence in amount transferred in fiat. Cash is cash, it depends how you store it. While in wire transaction sending $1 or $10,000 will still cost the same. But with Bitcoin it is different. Sending $1 in BTC will be cheaper than sending $10,000 in BTC. Or it will cost the same, but time spend for confirmation will be different.
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