How many people here would choose bitcoin as their form of payment? - page 3.

rodskee

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Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

Nope i will not even choose more than 50% of my payments to be in crypto because My family needs to eat since i am the only one working in family(but my wife had a small business at home online).
all my profit here in crypto remains Holding this is the agreement we made when i started investing here(but of course in emergency i need to convert some of my holding)so i think 50% of my paycheck will be enough for me to be in Crpyto like Bitcoin ,ethereum or even EOS.and the remaining will be going to my wife for Budgeting .

Cryptwerk

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i don't know about the people

but on Cryptwerk.com we collected about 4000+ different merchants (online/offline/b2b) that already choose Bitcoin as a form of payment)

Pay with Bitcoin >>>

Lizzylove1

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Activity: 858

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Christ The King

I do demand my brother always send fund via bitcoin and not through the traditional system which carries too high transaction charges and use the official exchange rate set by the bank, which is not actually the good exchange rate. I hate remittance through the bank.

camito

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Activity: 301

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DAEFROM.com

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

Choosing Bitcoin as a form of payment is considered mostly of those users who have firsthand experience on it. Shopping, small retail transactions, and even payment for water and electricity bills. Considering this, any Bitcoin or Ethereum user would definitely not invest their 100% on something except for those who take risks. However, being in the crypto world and I think for every market, it is important to play safe while earning the right amount. We all would want gain anyway, and having the situation today, it is better indeed to sell and hoard rather than buy.

Janation

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This really depends on the place you are in.

If you are in a place that it is legalized, then we should look at how they would be using Bitcoin if they will be accepting Bitcoin every time. Would they be able to use Bitcoin directly or they still need to convert it to fiat to be able to use it? Here in our country, I would accept Bitcoin but not at 100%. Despite the fact that I can use exchanges to pay bills using Bitcoin, there are still those doubts that it might fall or dump at the time you really need it so I still need to accept fiat for spending and also for saving.

rezakurnia66

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Crypto assets are very popular in these few years (especially Bitcoin). Since 2017 Bitcoin has become an attractive asset for trading because of the price movements that can soar. So I also think Bitcoin will be developed as a means of payment. Many people who have Bitcoin will make it easier for them to make buy and sell transactions. Such as online shopping and transportation payments are online. For me this really agrees, let alone many people are using Bitcoin for payment media (there are already some stores that accept Bitcoin payments).

In addition to Bitcoin, payment media will be a valuable asset investment. Bitcoin as a payment medium or as a trading asset, as long as it remains a valuable asset, of course, has a good future.

Tiews223

newbie

Activity: 26

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Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

Bitcoins are great to use when you don’t have actual bills with you because the nearest ATM is broken or that you’re too busy to drop by the bank at the moment. Actually, with the current condition, where there is a pandemic and one of the fastest ways to transmit the virus is through physical contact by handling out objects, like money. Bitcoins are of great help for the no-contact. Bitcoins are good to store in your eWallet for emergencies or for other payment options.

Ridwan Fauzi

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For me I want choose bitcoin as my payment system.

I can use bitcoin at least for two function, one function is I can still hold it and make it as an investment place that I can guarantee with 100% I'll get profit.

Second function, I can still use bitcoin as payment system. Online shope platform are appears especially ib my country and there is a platform who use bitcoin as payment tool.

XCANA

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Quote from: FanatMonet on March 31, 2020, 07:30:24 AM

In our country, it’s quite difficult to buy anything for cryptocurrencies, I would choose fiat, and I would buy some cryptocurrencies for it, it would be even better because I would not have to mess with exchanges and lose money on commissions of these exchangers.

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More like mine but not ban like other countries. The government here will not disturb anyone holding Bitcoin or associated with the said Bitcoin, but for the acceptance of Bitcoin from merchandise aren't available for our use. Am a bitcoin faithful since inception but have never purchase items with the said Bitcoin but always exchange my portfolios to fiats currencies before embark on payment. Hope to see more improvement on the part of the government in accepting the technology and enforcing it acceptance across the nation.

rathaha10

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io.ezystayz.com

Well, with volatile nature of the cryptocurrency market, i wouldn't advice anybody to keep all their eggs in it's basket. in as much as cryptocurrency offers a decentralized and a more anonymous form of financial system, it doesn't beat FIAT when it comes to security. Bitcoin might loose or increase value any day and so is any other cryptocurrency out there. In keeping your cryptocurrency, your wallet might get compromised or exchange you frequently used might get hack leading you to lost all your assets which in the case of FIAT, The risk is not that much. So i'd advice 50/50

FanatMonet

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In our country, it’s quite difficult to buy anything for cryptocurrencies, I would choose fiat, and I would buy some cryptocurrencies for it, it would be even better because I would not have to mess with exchanges and lose money on commissions of these exchangers.

isaac_clarke22

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Quote from: iRaMMuS34 on March 29, 2020, 03:00:21 PM

Not yet, my friend. For now I'm just hoarding bitcoins untill it gets to a point when I'm sure this won't be another 250 btc for a pizza moment

Sometime this month you might need to sell though. I am not sure how diversed your fiat and BTC is but at some point of time this coming month you might need to sell especially that we're under pandemic issue right now.
I have seen some people posting here from New York that they're selling their BTC now, and I don't think that entails panic but just a natural reaction for satisfying their needs and not purely reaction from "emotion".

amishmanish

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Activity: 1918

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This is a completely hypothetical scenario for me as i have few avenues to use BTC for daily necessities. If i had the option to do that and actually spend it for things like grocery purchases on amazon through purse.io, pay for restaurant trips, uber trips, tech stuff etc, I'd be comfortable taking some portion of salary as BTC. I wouldn't say it'd be 100% BTC because eventually you need to pay some people off with fiat for their services.

The whole crypto-economy with its concepts of micropayments, streaming payments etc is built on the existence of a solid market and a macroeconomic scenario where the printing of money isn't an unlimited power with the banks. This culture where people are so dependent on paycheck to paycheck that a few months of shutdown needs trillions of dollars of dole-outs to companies and individuals is fundamentally wrong. Unfortunately, it is a system that the biggest economies of the world have built up. This is what bitcoin is supposed to change by showing people that they can save value in an inflation-resistant asset which won't be at the mercy of uncontrolled fiat injections.

Kupid002

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Quote from: Asuspawer09 on March 30, 2020, 01:06:50 AM

Quote from: Jumperman4 on March 29, 2020, 02:55:12 PM

Firstly this is not a promotion, nor am I encouraging you to do the same.

I have been using bitwage to collect a portion of my pay check in bitcoin and ether. I have been considering while the price is low to just go all in or at least bump my allocation to 50%( 50% BTC/ 50% usd). With the fed printing more money the more I feel inclined to do this. Dont get me wrong I'm still buying undervalued stocks right now, paying Bill's and also trying to live a decent life.

Question:

I was curious if given the opition would you or would you not get all pay in 100% bitcoin.

My answer:

For me 100% is alot, considering I'd HAVE to sell some to pay bills/ expenses and stocks. But if given the ultimatum of bitcoin or usd, you can only convert out of btc, never into btc...I'd take btc.

In my opinion, the bitcoin is not yet ready to be used and I think cannot really use as a mode of payment because of the volatility of the market price of bitcoin.

Surely it is a big risk using this bitcoin as a mode of payment or either accepting bitcoin as payment because the value could go up or down easily so it is always a big risk.

I think it is much better to use bitcoin just an investment because it is better that way and not using it as a mode of payment surely you could also take advantage of this and just use bitcoin as a mode of payment when the market price of bitcoin is pumping.

Its actually possible if you make partnership with local exchange, the bitcoin send to your address will automatically converted to fiat or your local currency everytime that someone send to your address.

This is just an option if the stored or those who accept bitcoin payment is affraid about volatile price of bitcoin. If they are not affraid about volatility they can accept bitcoin directly then no need to convert to fiat.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Gozie51 on March 30, 2020, 04:29:48 PM

Quote from: jumail on March 30, 2020, 04:02:01 PM

After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

I like to pay and receive bitcoin but the above is the issue. Not many have adopted it and that means at a point, you would need to convert to fiat so you can take care of daily needs. Certain little products you need can't be bought with bitcoin for now.

I think, I'll still opt for 50-50. Not 100% bitcoin, though as we all hope that if we choose all btc, there's a chance that someday it will increase its price, higher than when you received it. But yes, you need to pay bills and other everyday living expenses, so you still need your fiat as only few merchants are accepting crypto til now. Maybe, someday, I'll go for all btc, anyway as you said, we can always convert our crypto to fiat in case we need it.

Oceat

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Ever since I know Bitcoin I have been spending most of it back in the days purchasing something from the internet but I just realized that I need to hodl Bitcoin since I saw the chance of it to be a good asset in the long run. Through Bitcoin payment most people would start to adopt and use it. There's a lot of usage of Bitcoin and cryptocurrency available these days so I think the adoption might be hasten.

Gozie51

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Quote from: jumail on March 30, 2020, 04:02:01 PM

After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

I like to pay and receive bitcoin but the above is the issue. Not many have adopted it and that means at a point, you would need to convert to fiat so you can take care of daily needs. Certain little products you need can't be bought with bitcoin for now.

jumail

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Popkitty.io - Blockchain Social Media

Isn't the volatility too high? while we are working and waiting for the salary to be used immediately to fulfill our daily lives? It would be more effective if we ourselves are dividing the income in a certain percentage as needed, and set aside for example 10% to buy BTC as an investment, I think it is more effective. After all, the adoption of cryptocurrency is not yet widespread, so we have to exchange it for fiat first, right? prioritize effectiveness.

Pixyoxx

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Well That Really Depends, We Do not have any surety that bitcoin won't come low and in my opinion i wont use it as a primary form of payment because the price is uncertain many times , as i would say you should also consider it as your backup form of payment because it is really unpredictable many people would want to use it as their primary form of payments but yeah for now i would consider Bitcoin payments as secondary.

madhavsinghrajput

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Quote from: Chris Barth on March 29, 2020, 03:02:42 PM

Answering the question asked in the topic, everyone here would most likely prefer too receive their payment in bitcoin. Afterall, we all signed up here cause we all want something to do with bitcoin. Adding to that, if you had the chance to pay someone for some service or goods, it'd be cool if you ask the person if he or she would receive payment in bitcoin. And if the person is already familiar with receiving bitcoin, be happy to carry out the payment as it helps increase the rate at which Bitcoin is used for payment.

It depends on country and service.How can daily wages worker can accept his payment in bitcoin.Some doesn't even have there accounts in the bank also.I think people who are fond of mall and shopping and purchases gift cards regularly can purchase giftcards in BTC.Right now i don't think people will accept there primary income in Bitcoin.

Topic: How many people here would choose bitcoin as their form of payment? - page 3. (Read 906 times)