Though in my country, some online merchants accept Bitcoin as payment, I am not spending my Bitcoin as it is. I still have to convert it to fiat to buy some of my needs and settle some bills.
Of course, there’s a feeling of FOMO (Fear of Missing Out) while the volatility is so high. Anything can happen overnight while we are sleeping. But as time goes by, we must learn how to control this feeling. What we have spent will always get back if we know how to do trading and other ways to generate crypto.
Topic: Do you think twice before paying with Bitcoin? (Read 521 times)
It’s natural because you invest in Bitcoin, everyone who has Bitcoin have feel this. I use Bitcoin only if forced and really need it for my life, this is one of the investment benefit right? Like gold, some people use it as 'unexpected funds'
Yes i'm scared that if i pay bitcoin then within an hour the price will increase but im usually paying with fiat like you instead of my bitcoin.
Moreover bitcoin is more suitable as an investment tool. Do not waste the opportunity to get a bigger profit just because it uses it as a means of payment that can still be solved by using fiat.
Yes i'm scared that if i pay bitcoin then within an hour the price will increase but im usually paying with fiat like you instead of my bitcoin.
Moreover bitcoin is more suitable as an investment tool. Do not waste the opportunity to get a bigger profit just because it uses it as a means of payment that can still be solved by using fiat.
Yes i'm scared that if i pay bitcoin then within an hour the price will increase but im usually paying with fiat like you instead of my bitcoin.
Moreover bitcoin is more suitable as an investment tool. Do not waste the opportunity to get a bigger profit just because it uses it as a means of payment that can still be solved by using fiat.
I don,t even try paying with bitcoin,more over bitcoin payment is open in my country,we still use fiat pay. But if this is made valible in my country i will like it paying but with caution
Yes i'm scared that if i pay bitcoin then within an hour the price will increase but im usually paying with fiat like you instead of my bitcoin.
Not at all. If I am carrying out a transaction with a seller which accepts bitcoins, I do not hesitate to use it as I see bitcoin just as much of a currency as it is an investment asset really. Bitcoin has a lot of potential when it comes to being a currency. Although during bear markets such as this, I tend to use fiat as I wait for the price of bitcoin to go back up again.
I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
Does it happend to anyone else here?
I am deciding on a case to case basis. Usually I don't have a problem with paying with BTC but if I see that we are currently in a big dip I will probably use fiat. On the other hand if we are currently a little overbought I will make sure to use BTC.
I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
Does it happend to anyone else here?
for me paying with crypto more easy secure and fast.
but i always double check for the destination address.
doesn't like fiat, there's nothing we can do if we send to wrong address.and we will lose our money forever
I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
Does it happend to anyone else here?
I also prefer to pay with fiat as i anticipate the volatility too and still not convenience to pay for daily micro transactions but if there's only bitcoin payment in an online merchant that i could afford, i wouldn't mind to pay with bitcoin.
Yes i think before btc buy so many things personally io dont buy btc when the price too high i just try to buy btc when price down and the other situation is green. i am not a day trader i am small investor so i try to buy btc when market red .
Yes, not just twice but several times because it is an investment and its kinda hard for me to pay or withdraw and exchange it to fiat specially when the market is red but I guess it happened and experienced by everyone here if there's an urgent money needed. We got no choice but always think that bitcoin is best for long term invesment and not to be use for expenses, if there's other way for you to not use it then don't.
I also felt the same thing because I really believe in bitcoin capacity to increase in the near future. When I need to purchase something, I usually turn it first to fiat or use fiat to buy what I need so that I wouldn't regret that I use my Bitcoin.
I think you're right, and paying with Bitcoin will make you regret because you don't know whether Bitcoin will appreciate or not. If you trade with Bitcoin, you may lose.
Before i used to pay stuff using bitcoin and the price of btc before was low so the fee is very low too. It's very convenient to me at that time because i only have btc as my option to pay stuff. I had not hesitate to pay with bitcoin at that time. But when the price starting to increase and eventually the miners fee also increasing i had to think twice if i'm going to continue to pay with bitcoin but later on, i decided to quit paying with bitcoin and starting to see it as my investment. I can't afford to pay for high fees before because btc is rising. If only the miners fee is low i think i will be using bitcoin as a payment option up to now. Let's see in the future if some company again begin using btc as another payment method.
I have not dared to make a payment using bitcoin because transaction costs using bitcoin are so high that I only make bitcoin as a digital asset for long-term investing. But, if I am forced to use bitcoin to make a payment then I do not mind as long as the transaction fee does not exceed the price to be paid.
Bitcoin isnt accepted as worldwide payment method so there is no reason to hurry up about buying daily stuff while paying in bitcoin. I always check transaction address twice and control miner's fee in order to send best possible time without any delay. I dont want to get in trouble with someone specially if there is no refund feature in cryptos that is the reason behind to check receive address few times.
Accepting Bitcoin payments has facilitated the process of Bitcoin's entry into the mainstream population. In short, if consumers begin to use Bitcoin extensively to pay for their daily consumption, tax laws will reduce the enthusiasm for people to use Bitcoin.
I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
Does it happend to anyone else here?
Yeah, people afraid of big volatility of BTC and other criptocurrencies. Mostly people buy BTC as investment but not for payments
If the price was not crossed $20k margin then people may use it for payment mode, now everyone knows the price will again rise so nobody will show interest to lose there BTC to buy some daily stuff. as you said people are treating BTC as an asset.
I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
Does it happend to anyone else here?
Pay through internet with bitcoin is somehow a bit risky for first timer, but I like to try it some how. I'm not even try it since I start hope that i can try soon. I think it's very nice experience and the time i learn how to do it hope all payment will be like that.
I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
Does it happend to anyone else here?
Yeah, people afraid of big volatility of BTC and other criptocurrencies. Mostly people buy BTC as investment but not for payments
Jump to: