Do you spend crypto? If yes, for what?

pantek talacuik

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Quote from: Nazmul012 on May 22, 2022, 02:00:16 PM

Unable to spend crypto in my country cause here crypto isn't recognised as legal yet. But I experienced spending crypto outside in my country. sometimes i use crypto for online payment for goods, Twitter audits, purchasing coins for various games and so on cause It's easy to use rather other international card. Although i always try to spend crypto less, i focus on holding it for long timeframe.

Many online transactions that you can do with Bitcoin. You can also buy the items you want by exchanging your virtual currency. But it is true that many countries have not legalized Bitcoin in their country.

Jocuserious

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Quote from: nimogsm on May 20, 2022, 05:00:07 AM

Crypto cards are not available in my country yet, but I would like to get one for myself.While it is necessary to replenish through standard exchangers.I think in the next few years, such a function will already be in many countries, more and more people are interested in cryptocurrency.

The good news is that crypto is gaining acceptance in many countries now and I think it will be available in your country very soon. In fact if crypto is not accepted in any country, then it cannot be used for commercial purposes in any country. But you can convert it into the capital of your country. However the government of your country should study crypto and choose the best way to take it within reach.

Nazmul012

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Unable to spend crypto in my country cause here crypto isn't recognised as legal yet. But I experienced spending crypto outside in my country. sometimes i use crypto for online payment for goods, Twitter audits, purchasing coins for various games and so on cause It's easy to use rather other international card. Although i always try to spend crypto less, i focus on holding it for long timeframe.

iphone5s

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Quote from: kryptocanon on May 21, 2022, 03:25:37 AM

I rarely buy stuff online using crypto but I must have bought some series of tools in the past like VPN, ebooks and few others like that. But talking of offline, of course many things I can't even make numbers of. Indeed, crypto has helped me and made me achieved a lot much more and better in the last two years than all my jobs combined.

There's a lot you can do with the crypto you own or the virtual currency you own. so you should treat it with healthy benefits. you can also transact illegal goods with crypto because there are no restrictions. Buy what you think is useful for you and others.

kryptocanon

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I rarely buy stuff online using crypto but I must have bought some series of tools in the past like VPN, ebooks and few others like that. But talking of offline, of course many things I can't even make numbers of. Indeed, crypto has helped me and made me achieved a lot much more and better in the last two years than all my jobs combined.

rozak

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Quote from: Lordhermes on May 20, 2022, 05:19:25 PM

Crypto are spent on several things. Most of them are for pay as bills for transactions an for for commodities. As for me, I spent most of my Cryptos in reinvesting and investments. It's good to reinvest one's profits after gaining it, my Cryptos are mainly spent on staking inother to gain more Profits in the space. Some crypto are bought or exchange for NFTs which will still give you profits in the future or sooner. Let's spend our Crypto wisely so we won't run short of it, because it's more like money in the real world.

it means you rotate your assets and profits for more holdings in the future. something good for us to emulate. but in turning and spending the crypto we have for other investments, of course, we need good analysis. because there is a possibility that we are not lucky in other assets. even we can get loss rather than gain.
most importantly we have to separate crypto assets for investment and trading. think to make long-term plans for our investments and as much as possible not to use them for our needs. and profits from trade that we can use for our needs.

molsewid

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Quote from: Semar Mesem on May 09, 2022, 02:53:28 AM

A few days ago I sold ETH with a total of about $ 400, I used to buy an iPhone XM Max that I really liked because some of my office friends also used the iPhone, of course this was not the first thing I bought with Crypto, the thing that made me happy because I could Buying things that I like without disturbing monthly salaries.

That's good, you are enjoying the fruits of your hard work, as for my weekly salary I spent it on trading because I always say to myself that it is better to save rather than continue to buy unnecessary things that will not help me to grow and to have more money in the future. I used my salary in a full-time job for my other expenses such as my monthly budget for myself and for my family. Everyone has their own way to spend their money on the things that they wanted to do, it doesn't matter if it is a thing or for their self-growth as long as it makes them happy.

Shamm

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Quote from: pateo9 on March 22, 2022, 06:25:20 AM

Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?

I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.

I spend my small BTC once to buy a second-hand android phone from my friend, actually not a big amount because I have cash on my hand the phone cost 1900 PHP which is I gave him the 1000 pho cash and the remaining 900 ill send my btc to his wallet. But some of my btc ill probably convert it into fiat and spend our daily needs .because cryptocurrencies in my country are not just known so only few people know about crypto.

Lordhermes

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Crypto are spent on several things. Most of them are for pay as bills for transactions an for for commodities. As for me, I spent most of my Cryptos in reinvesting and investments. It's good to reinvest one's profits after gaining it, my Cryptos are mainly spent on staking inother to gain more Profits in the space. Some crypto are bought or exchange for NFTs which will still give you profits in the future or sooner. Let's spend our Crypto wisely so we won't run short of it, because it's more like money in the real world.

nimogsm

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Crypto cards are not available in my country yet, but I would like to get one for myself.While it is necessary to replenish through standard exchangers.I think in the next few years, such a function will already be in many countries, more and more people are interested in cryptocurrency.

capedbaldy

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Quote from: LUCKMCFLY on May 19, 2022, 11:16:49 PM

Well, the truth is, changing or spending in stablecoins is a very safe way to have money, it's not bad at all,

You should keep on the suggested stable coins because we know now stable coins drop a lot from $1, so not completely safe but depending on the type of stable coin, I recommend for BUSD and USDT, maybe USDC is also good for stable coins.

VanityWallets2015

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In the last couple of years, cryptocurrency have been adopted to many services and companies. Right now I use mostly cryptocurrency for all my transactions, paying bills online, buying things, services and using it in gambling but that doesn't mean they are accepting cryptocurrency directly sometimes I need to convert it first to p2p before I can pay my bills or pay for any service.

LUCKMCFLY

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Quote from: Lantind on May 10, 2022, 11:47:40 PM

Quote from: vanesha on May 09, 2022, 05:44:59 AM

rather than spending the crypto I earn I'd rather reinvest it but not keep a lot of assets. I bet on small coins with little capital, but with the many coins I bought at least one became the Jackpot. I spend more cryptocurrency money for everyday life and having fun, because I believe that saving a lot of money in crypto is just for greed.

The work you do is indeed very impressive, but in this case it seems that you have misjudged greed, because storing more crypto in the form of stablecoins I don't think belongs to greed because it is the same as saving money as usual and other things it becomes a pleasure for them.

Well, the truth is, changing or spending in stablecoins is a very safe way to have money, it's not bad at all, however sometimes it's good to have some cryptocurrencies saved and obviously in BTC that's something that can't be overlooked. but the reason for keeping it in crypto is simple, we don't know how the world economy is doing, in an eventual world economy crash if we have stablecoins, it is obvious that its value will be lost, I would recommend having at least BTC, ETH and Monero, to have Gold and that's it, I think that with that I could be calm.

teramit

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Lantind

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Quote from: vanesha on May 09, 2022, 05:44:59 AM

rather than spending the crypto I earn I'd rather reinvest it but not keep a lot of assets. I bet on small coins with little capital, but with the many coins I bought at least one became the Jackpot. I spend more cryptocurrency money for everyday life and having fun, because I believe that saving a lot of money in crypto is just for greed.

The work you do is indeed very impressive, but in this case it seems that you have misjudged greed, because storing more crypto in the form of stablecoins I don't think belongs to greed because it is the same as saving money as usual and other things it becomes a pleasure for them.

RussianEnglishTranslation

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Quote from: pateo9 on March 22, 2022, 06:25:20 AM

Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?

I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.

I wouldn't sell my crypto in the bear market we have now to spend on groceries etc. The only thing I would consider selling would be yield farming and staking rewards from my NEAR, Celo, and ICP. This is the point in time when you should be buying, not spending.

Ezravdb

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Quote from: Semar Mesem on May 09, 2022, 02:53:28 AM

A few days ago I sold ETH with a total of about $ 400, I used to buy an iPhone XM Max that I really liked because some of my office friends also used the iPhone, of course this was not the first thing I bought with Crypto, the thing that made me happy because I could Buying things that I like without disturbing monthly salaries.

Not everyone can also do that because some people still don't like the iPhone XM Max, which maybe their needs are only limited to ordinary smartphones and regarding buying with crypto proceeds, I think everyone has also done it in the past even though through fiat disbursement first because there may not be direct support from the crypto they have.

vanesha

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rather than spending the crypto I earn I'd rather reinvest it but not keep a lot of assets. I bet on small coins with little capital, but with the many coins I bought at least one became the Jackpot. I spend more cryptocurrency money for everyday life and having fun, because I believe that saving a lot of money in crypto is just for greed.

cheezcarls

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Quote from: pateo9 on March 22, 2022, 06:25:20 AM

Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?

I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.

I tried spending crypto to buy mobile load and data combined a few times before. But those were just small amounts from $5 to $10 worth of crypto in average per month. That's just it. But I do have plans to try spending my crypto in booking flights and hotels via Travala.

And speaking of the Binance card, I wanna avail it but I think there are certain qualifications needed for me to be eligible to avail that as a Binance user.

Dr.Osh

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Quote from: LUCKMCFLY on April 28, 2022, 11:30:30 AM

The fact of spending in cryptocurrencies is a whole concept, there are ways to spend them, and one of the most common that I like the most is to send them to a favorite gaming platform, for example, if I have some altcoins, I send it to my account in stake.com, the idea is to be able to use it to multiply the coins one more time, obviously I use games to win fast like Black JACK, poker, and if I want to feel a little more adrenaline, what I do is allocate one more balance for slots, because I like to use it with little currency and wait for the good bonuses that they give, however it is my way of spending it, other ways is to convert to currencies like Solana, MATIC and use the network so that the fees are not so expensive, this is usually I do little, so I avoid sending amounts of money to exchanges.

Well, it seems like spending the crypto we have for other businesses is the best thing. Many people out there may buy food, drinks, and others. However, spending crypto to get other benefits is a very good thing. For now, I also spend the crypto that I have to support other business needs such as buying a domain, investing in several projects, exchanged them to Fiat and buying physical goods, buying physical investment, and so on. Even though I am currently making a transaction by selling crypto that I have to Fiat form and buy physical goods, I think that I do a transaction with Crypto, because in my country the transaction using Crypto is limited except to exchange it first to the Fiat form. However, I think we can spend anything with Crypto.

Topic: Do you spend crypto? If yes, for what? (Read 1480 times)