Do you think twice before paying with Bitcoin? - page 3.

Kprawn

legendary

Activity: 1904

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I am never worried about this, because I would have spend that amount on whatever I bought with cash or with my credit

card. You would not have hoarded those coins in any way, so why would you have FOMO, if it was part of your plan to spend

it? If you use your bitcoins on unforeseen expenses, then you should just buy it back. Nothing too complicated here, let's

move on. Grin

rockie87

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ICOForums.net - A Cryptocurrency & ICO Forum

Quote from: jonathan6655321 on March 13, 2018, 09:52:21 AM

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?

I think twice before paying anything as they are hard earn

. But seriously yes these has happen with me also.Everytime i try to make payment with bitcoin,i think that prices might go up and i can loose something here so i change my mind and go with fiat.These problem will occur with everyone as people are still looking bitcoin as mode of profit not as a normal currency.

Pancheng

jr. member

Activity: 182

Merit: 1

Paying with bitcoin is a little bit tricky since the prize is volatile, so if you have something to pay now, pay it today and if you agree with a value, today's or the day you made the payment will be the basis of the transaction, so if it change tomorrow, lower or higher, it's not your fault.

audaciousbeing

hero member

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Quote from: jonathan6655321 on March 13, 2018, 09:52:21 AM

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?

I feel that way sincerely and I am sure a lot of people feel that way too and its largely due to our default thinking that the price will increase then you would blame yourself that you wasted too much to buy at the time. The people in the crypto community are also not helping matters as they are quick to open write an article on how you buy a shirt with .01btc and now worth $2000 but we all forget that its not always the upward every time because if I had buy sometime in January, I would be at an advantage today. This is one of the challenges facing bitcoin today as a lot of people see it as an store of value rather than medium of exchange and until we change that mentality, the volatility will not stop.

nandamo

newbie

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Quote from: jonathan6655321 on March 13, 2018, 09:52:21 AM

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?

Same here, I also felt the same when I'm paying using BTC, like paying it now then tomorrow btc price went high. I would regret a lot for paying btc.

boltz

legendary

Activity: 3346

Merit: 1203

Yes because let's take steam as exemple when they have accepted bitcoin payment around 600$ / btc so it was a great move from steam so whenever I think to buy something with bitcoin I know that in the future I paid a lot more in value for what I have bought.

felicita

legendary

Activity: 1582

Merit: 1031

i try to pay the most as i can with bitcoin ! Mostly the efforts a bit bigger than paying with bank .
But i like to pay me webserver and domain witth bitcoin Tongue

regards

Nisharawal

member

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I am no stable coin. to the mooonn.. and back

Quote from: jonathan6655321 on March 13, 2018, 09:52:21 AM

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?

Actually, a lot of traders and Bitcoin users are feeling hard to pay with BTC. Some people feel hard because of the high transaction fees involved over there as bitcoin is anonymous and people fear to use the high volatile payment system where the price fluctuates with great momentum. This is the reason people think twice before paying with bitcoin.Also, many times people fear to pay to the third party BTC address as they have to check it much time as the payment done by the bitcoin cannot be gained back and if the address is not right you are not going to get your payment back. So people find it risky while paying with bitcoin.

callmeback

jr. member

Activity: 182

Merit: 2

For now i dont have bitcoin yet but if i have and if im going to pay using bitcoin i will think twice because bitcoin is one of the most popular and have high value. I don't want to do unnecessary purchases by giving it out all at once the momment bitcoin in my mind more serves as an asset. And in my opinion I don't really want to get money from bitcoin because of the knowledge that it can fluctuate so much and may end up in a bull run unexpectedly.

just_Alice

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Quote from: jonathan6655321 on March 13, 2018, 09:52:21 AM

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?

I don't find it hard to pay with BTC because of volatility, whereas now you can easily pay priority transaction fees and thus volatility won't affect your payment. But I've faced another problem - there isn't that much you can buy with cryptos on reliable websites. If Amazon launches its cryptocurrency exchange - that must become very popular.

AlphaWolf

full member

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Presale is live!

I bought my bitcoins at quite cheap price than todays prices so whenever I'm paying through bitcoin I'm paying way less than what it would have costed me without bitcoin.

CARrency

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Activity: 546

Merit: 256

Quote from: jonathan6655321 on March 13, 2018, 09:52:21 AM

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?

Bitcoin is decentralized and volatile, even if you do not use bitcoin to pay you know that this will be happening. If you will be paying, I think fiat is better since you do not need to worry about the volatility unless that guy requires BTC as payment.

ABCbits

legendary

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Crypto Swap Exchange

No, since using Bitcoin as currency is illegal in my country and the company/services who disobey that will face legal/law problems. But i still use Bitcoin as payment method/currency when i buy something form international seller for digital goods and it's difficult to use bank/credit card for international transaction anyway.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Nope. Rally or crash I only use bitcoin to buy stuff on the net. I do make sure I am spending at a higher valuation than when I bought, but I don't care how much.

Aura

sr. member

Activity: 518

Merit: 268

It's intended as a digital cash system, so that's where I use it for. Like everyone else, I also keep some coins in my wallet but that's mainly for that fact that I don't want to do unnecessary purchases by giving it out all at once. So, I don't think twice before I buy something with Bitcoin but sometimes I feel sad when I look at my transaction history and see a purchase of an in-game item being valued at several thousands at the current exchange rate.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

no not really!
instead what i do is that whenever i spend bitcoin i try even harder to make that amount back. it is usually earned back from trading and sometimes from doing some jobs online and working more. but i have never gotten greedy when it comes to spending bitcoin.

Svelto

sr. member

Activity: 686

Merit: 257

I don’t mind paying with Bitcoin to support the network. But I don’t foresee myself paying with bitcoin regularly, mostly because there aren’t many shops in my country offering bitcoin as a payment method.

mahibul49

full member

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Merit: 104

no its really simple for me to pay with bitcoin.bitcoin is one of the easy payment way.

bit-freedom

sr. member

Activity: 658

Merit: 256

Same here, I think twice when there is a chance to pay by Bitcoin. Because it is not easy to buy BTC and due to exchange fees (coinbase fees), I try to use fiat than Bitcoin.

lionheart89

full member

Activity: 350

Merit: 108

yes i am very selective in issuing or paying with bitcoin, as long as payment can use fiat then i will keep bitcoin. because for me bitcoin is an investment.

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