Do you spend crypto? If yes, for what? - page 7.

ardydyon

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Quote from: METASENS on March 30, 2022, 06:13:57 PM

Quote from: DeFiScale on March 29, 2022, 04:58:01 PM

Quote from: cryptoserega on March 26, 2022, 02:03:43 PM

Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669

NFT allows to earn money to many people. Many people buy NFT hoping for its future growth.
But a lot of depends on NFT collection, its development and how popular collection is.

NFT collection allows to unite people and pay attention to some problems that together solve such problem.
Now NFT very popular and demand in them big.

I agree with you that the development of NFT is extraordinary because it can provide benefits to both the buyer and the maker of the NFT.
some nfts also provide interesting events such as discounts when shopping for certain nft holders. as an example
Baliverse nft holders can get a discount if they shop at their cafe.

METASENS

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Quote from: DeFiScale on March 29, 2022, 04:58:01 PM

Quote from: cryptoserega on March 26, 2022, 02:03:43 PM

Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669

NFT allows to earn money to many people. Many people buy NFT hoping for its future growth.
But a lot of depends on NFT collection, its development and how popular collection is.

NFT collection allows to unite people and pay attention to some problems that together solve such problem.
Now NFT very popular and demand in them big.

bhooscream

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Activity: 728

Merit: 117

Quote from: bitzizzix on March 29, 2022, 10:30:58 AM

It depends on where you live and if crypto isn't legal and is only allowed for investment I think most people will treat it as an investment instead of spending it and if they want to stick with it have to convert it to fiat.

Sure. It should depend on the status of crypto in that country. If crypto is only allowed for an investment, surely we have no chance to pay for goods or services with crypto. We need to convert our crypto coins to fiats, then we pay for goods or services with the fiats got from our crypto coins. It is the same in my country, crypto is only allowed as a digital asset here. But I don't think it is a big problem, we still can use crypto at least. Grin

DeFiScale

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Quote from: cryptosru on March 28, 2022, 02:09:04 PM

Quote from: cryptoserega on March 26, 2022, 02:03:43 PM

Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669

NFT are actively used to attract attention to the problem. Thanks NFT it is possible to unite people and solve the common problem.
NFT allows to make the life of the people more simple and convinuent.

NFT allows to earn money to many people. Many people buy NFT hoping for its future growth.
But a lot of depends on NFT collection, its development and how popular collection is.

lixer

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Quote from: dunfida on March 28, 2022, 02:47:11 PM

Quote from: Rakeshten on March 28, 2022, 02:37:12 PM

I have not bought something with crypto, but when I have to buy something I convert my crypto in fiat and then I buy that thing. Actually there is no one in our country that use cryptocurrency for payment source. So that's why I have not bought anything direct with cryptocurrency.

Adoption isnt still available in every corners of the world which it isnt surprising that there would really be no available on using up directly with your crypto on buying something or getting some service etc.

Therefore, you wont really be having no options but to convert it to fiat first (which is mostly people been doing) before you could buy something that you wished for.
But in most cases on which people dont spend up their crypto because of the potential profits that it could give on future runs or long term thats why its unlikely to be used.

Unfortunately this is true for my nation as well. There aren't many things or places that you could use bitcoin on and that means we have to turn that to fiat first, move that to our bank account, and then use it that way. I am not saying that it is a good idea, but it is certainly not a great idea to keep that going neither.

We need to figure out a way to use crypto, unfortunately there are no visa cards or debit cards and what not that we could use here neither. I have always said that biggest adoption for crypto will come when every part of the world has cards that we can use to pay in crypto, and the shop will get it in fiat instantly, that way we can use our crypto to pay for anything.

Samurai trieng

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I personally use crypto for something valuable in my life such as buying a car, house, laptop, and of course to meet my daily needs, and I also buy other crypto which I think can provide benefits in the future, because in my opinion getting profit from crypto is not easy, everything takes time and a process, so I am very patient in spending the profits from crypto that I get,

Joyawan13

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elysian.finance

yes, maybe in the future it will happen, but to use crypto currency for shopping at this time of course there are only a few countries which of course the local government has legalized that crypto currency can be used as legal tender, but in my opinion Although in the future it will many countries will legalize crypto currency as a legal tender, but fiat money will still exist and of course many people will use it to shop or buy their needs, because fiat money is much easier for ordinary people to use.

Anonymous100

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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.

Yes, I bought using crypto, not to buy stuff but to buy a domain. I haven't tried buying stuff like the ones available on Amazon. I think the online market development will adopt bigger crypto in the future.

XUR_TIP

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If I want to buy anything I would use Fiat because crypto is a valuable asset not good for means of payment when you should be holding the coins, anyone remembers that guy that paid BTC for a cup of coffee? I don't want such to happen to me.

bitzizzix

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Enjoy 500% bonus + 70 FS

It depends on where you live and if crypto isn't legal and is only allowed for investment I think most people will treat it as an investment instead of spending it and if they want to stick with it have to convert it to fiat.
but people will prefer to keep it and use fiat to buy anything because crypto will be more profitable if it is for investment or as a reserve fund if there is an urgent need.
It's different if the crypto situation is legalized because there will be many shops or sellers who use it as a transaction tool and inevitably have to use crypto, and maybe in the future this will happen.

CryptoATM

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I use crypto to make payments in 2019 when I was trying to build my website and it went really good, in 2020 I got myself a gaming console and the seller agreed on taking BTC as means of payment, the most important thing is sellers and store should be willing to accept crypto as means of payment.

Gayong88

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I think It's good and useful, a useful crypto revolution that Binance is developing by presenting Binance Card is a crypto voucher that user can use at any online or offline stores to pay for user daily expenses to convert crypto into fiat and spend it. For this moment not yet, maybe it's just not the time.

Fostyan

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I want to wait for my altcoins to make some "X's" and I will sell them)

LastKiss

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SOL.BIOKRIPT.COM

Quote from: NicNacCoin on March 28, 2022, 06:58:07 PM

Yes, of course I use my crypto for my life or for my family.I earn income from here to run my life in a beautiful way.I have made a lot of money from cryptocurrency. However, I made some profit and spent the rest of my money on household chores.I still spend from my cryptocurrency for my education.Because I have no other way to earn money except this cryptocurrency. So I am forced to spend cryptocurrency for my worldly life.

It's a great thing if this cryptocurrency makes you and your family have a beautiful life because still a lot of people don't understand what is crypto and how to earn money from it. I hope that you always have a smooth journey with crypto coins and if you want you are probably able to open a shop that accepts cryptocurrency as payment because crypto is already part of your life then why not.

Lantind

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Quote from: Antonas1 on March 26, 2022, 10:18:36 AM

Since the question is "have you ever", so that is my answer.
Although it cannot be a standard for purchasing stuff through cryptocurrency, I think my experience is one of the goals of cryptocurrency, we can do real transactions (not just online shopping) with real goods, and based on trust between users.

I don't blame the answer you gave because it all started with trust between users because if the person receiving the payment doesn't know how to cash out cryptocurrency, then it's also natural to be rejected as in the example of traditional markets where the sellers are mostly old people who don't know Blockchain technology.
But if what you're talking about only happens with your own close friends, I think it's just a small example that's only for you and your friends.

NicNacCoin

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Yes, of course I use my crypto for my life or for my family.I earn income from here to run my life in a beautiful way.I have made a lot of money from cryptocurrency. However, I made some profit and spent the rest of my money on household chores.I still spend from my cryptocurrency for my education.Because I have no other way to earn money except this cryptocurrency. So I am forced to spend cryptocurrency for my worldly life.

Finestream

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Quote from: xzone on March 22, 2022, 12:08:44 PM

I made small purchases with cryptocurrencies, but none of them were physical products. It can be useful for purchasing services, but we don't have much use in the real world yet, we can only buy things in a few countries or in a few stores.
I have not made such a shopping choice yet, not had such an opportunity

In a world where crypto is not totally accepted as a currency, i find it more useful to simply use it as an investment rather than to use it in purchasing goods and services. Though some physical stores are accepting crypto, but most are still accepting fiat only. So if i have enough fiat to spend, then i don't prefer to spend my crypto instead. Besides, crypto is more profitable if you keep it as an investment, that is why i prefer not to spend it as much as i can.

fullhdpixel

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Quote from: ufaiz50 on March 28, 2022, 07:26:33 AM

A lot, you can buy subscriptions, gift cards and anything though I need to exchange my crypto to fiat sometimes to withdraw and buy things and goods since some services are not yet accepting cryptocurrency but most of my money is in crypto and if I need fiat I just convert it. So far I spend more crypto rather than converting and withdrawing it to fiat.

That only shows that you support more crypto over fiat because you said most of your money are now in crypto and you use more crypto for purchasing over fiat. Buying a universal gift card is a good way to spend our crypto directly without converting it first in fiat. I can do the same thing but the problem is I am living on a far area or an area that is away from the city and it will be hard for a delivery to reach our place.

This makes me discouraged to spend my crypto online to buy some stuffs but the thing that I do for now is to convert my cryptos to fiat using banks so that I have a money that I can spend in my local to buy any goods.

dunfida

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Quote from: Rakeshten on March 28, 2022, 02:37:12 PM

I have not bought something with crypto, but when I have to buy something I convert my crypto in fiat and then I buy that thing. Actually there is no one in our country that use cryptocurrency for payment source. So that's why I have not bought anything direct with cryptocurrency.

Adoption isnt still available in every corners of the world which it isnt surprising that there would really be no available on using up directly with your crypto on buying something or getting some service etc.

Therefore, you wont really be having no options but to convert it to fiat first (which is mostly people been doing) before you could buy something that you wished for.
But in most cases on which people dont spend up their crypto because of the potential profits that it could give on future runs or long term thats why its unlikely to be used.

Rakeshten

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Activity: 280

Merit: 11

I have not bought something with crypto, but when I have to buy something I convert my crypto in fiat and then I buy that thing. Actually there is no one in our country that use cryptocurrency for payment source. So that's why I have not bought anything direct with cryptocurrency.

Topic: Do you spend crypto? If yes, for what? - page 7. (Read 1503 times)