Topic: How often do you use Bitcoin? - page 2. (Read 887 times)

can't count it for sure. but within a month I always use it for transactions. in small quantities of course. because I was always too dear to take it out. I only use it when I'm in a pinch. like my fiat ran out. sometimes i use it every week. sometimes every month.

because my friend became addicted to always getting paid by BTC when I needed him. I've had a transaction with him once. and now he keeps asking me to pay him with BTC every time I buy something I need from him.
ah and because my family started accepting bitcoin knowledge. sometimes there is my brother who asks for a gift for him with btc when there is a celebration event such as a birthdayhahahaha.

The OP's question is indeed ambiguous and there would be several answers to mention. About the use of BTC or BTC transactions I also often do it on the type of investment made. However, for real transactions for the purchase of services and goods, I have never and should not do so because of regulatory issues that do not allow it. Maybe buying a website or other domain on another country's site may not be a problem. But in my own country it is not allowed. Currently, fiat payments are still the main payment and cannot be replaced.

I don't know the real meaning of the OP question, is it doing BTC transactions as a means of payment or just as a tool for investment or trading?
 because if the OP meant as a means of payment, then to be honest if I only used it once when buying an application on a web, but in the real world, I have never used bitcoin to pay for services or goods because it is illegal in our country. whereas if the OP question was to use BTC for investment transactions or trading in the market, of course, we probably have done it many times.

Even if I don't use it daily, I have the chance to use it 4-5 times a month. Because sometimes the network is busy and when I want to transfer with a low fee, the transfer does not arrive on time. As such, I have to look for a cheaper and faster network. I like bitcoin but here's the thing. If I can transfer money faster and with lower fees on another network, I prefer it.

Before my arrival to this forum, I had known Bitcoin as an investment asset. As people in my neighbourhood would always say "I bought bitcoin and it's price rose, and my money is doubled or tripled". Well, I didn't give in to the testimonies because it happened when ponzi scheme was at its peak in my country. So, the testimonies sounded purely like a ponzi scheme, the only difference was that in the bitcoin, nobody compelled them to introduce anyone to bitcoin to get referral bonuses.

To shorten the story, my understanding of bitcoin was that you buy, hold for sometime, re-sell and make profits. But when I arrived the forum and came across bitcoin whitepaper, I understood that the original idea of Satoshi for bitcoin is not actually how bitcoin is playing out. While Satoshi proposed it as a currency but decentralized as against the centralized and rigged fiat, many are using it as an investment.

Then my greatest confusion came when I stumbled on a post where a user claimed that he hasn't spent a Sat since 2014 he knew bitcoin, that he has been hodling. He received plenty accolades and praises as a die hard believer of bitcoin.
Then in another thread, I saw someone who updated how he paid for groceries and services for bitcoin and he also recieved accolades and praises that he is a propagator and believer of bitcoin.

Now, I am confused on what the bitcoin community desires, whether to be a hodler or a spender. Personally, I am not opportune to make physical trades with bitcoin. The only few times I have used bitcoin was to pay for a vpn, pay for data services and most regrettably pay for a project that turned to be a scam(this happened before I joined the forum).

Don't worry, I have other job in real life besides earning on Bitcoin, so it's pretty much planned to be honest 
Sometime the time could be really difficult to manage because you may want to buy something with it but with how I've managed so far, I'm pretty much proud with the result I have gotten until today.

Also am doing DCA with small amount of my salary to Bitcoin, so double the earnings I think 

I agree with your larger interpretation. I just merited that guy because he didn't have any merits.

Bitcoin was born to be used.

Actually It depends on my trading strategy.I use Bitcoin for trading that's why I oftenly need Bitcoin to make transections.

Multiple times a week in my case because I’m receiving my signature campaign per week and I distribute on my exchange wallet and electrum wallet(savings) since I received my weekly payment on my casino account. This is my weekly routine and sometime I have some extra transaction on paying online for my online purchase.

I’m planning to donate some of my earnings to foundation in monthly basis to save transaction fee. I think this will my only transaction on Bitcoin for my year calendar unless I’m ready to spend my savings.

Leading answers are once a month to once a week.

As for me, I use Bitcoin nearly every day because I am into online betting and at times play games in online casinos nearly every day. Other than that, there is not much use case anymore. Before I used to purchase mobile loads and pay my bills with Bitcoin online. Not my country is becoming more strict in regulating cryptocurrencies. What a shame. Even Binance is now in danger of being blocked in my country since it is operating without a license despite its willingness to apply and comply with all the rules.

Once a month or less, never sounds too bold to mention. I used to trade in the past but have now stopped, honestly, I don't recall making a single Bitcoin transaction in the last year. My last one was probably me selling my Bitcoin to opt for DeFi investments approximately 2 years ago. Since then, I've been holding any BTC that I've acquired.

It is rare that I use my bitcoins, only when I need money urgently do I use them, I prefer to accumulate my bitcoins rather than spend them. I find it increasingly difficult to earn bitcoin because bitcoin is more and more popular and people tend to hold bitcoin more than years ago. I don't want to spend the bitcoins I earn, I will try to hold as long as possible.

Definitely a few times a week, there are moments I use it daily. If we are talking about using as in spending it, that’s the case, if we are talking about trading then I am doing that daily. That’s the difference, I have transactions where I move money around every single day, but only few times a week goes for spending it. When you are so much involved in the crypto world, you have to get paid and then pay up as well to make it go on.

You cannot just take money forever and expect that to go on, sometimes you need to spend money to make money. That’s what I am doing, I spend money to make money and usually that happens to be a good method for me.

You are living on bitcoin it seems, which is a good think and I do envy you for that, in a friendly way.

Being able to spend their campaign earnings for daily necessities is something that we all would want to do. But currently most users are only spending it with fiat money they get while the bitcoins are being held back. Just hope that you balance out both methods of payments equally so as to not overspend bitcoins that would get you a bigger selling price in future.

The saving and expenditure system can be applied to your bitcoin earnings too if you are careful.

You are obviously the only one who understood what Bitcoin is, while the rest of us seem to be wrong, along with Satoshi and his whitepaper. The last time I read that document, Bitcoin was defined as "A purely peer-to-peer version of electronic cash..." Everyone's mouth is full of adaptation and they wonder why some people or governments are against Bitcoin, and at the same time, with their interpretation of Bitcoin, they are killing its essence...

Since I joined this forum until now, I have never spent bitcoin and latcoins except as long-term investment and trading assets. this is because in my country it still doesn't allow crypto as a means of payment so to spend it we have to make it become money fiat

Between twice a month and once a week

I do make accumulation between my signature campaign earnings and my trading earnings to be saved on 2 weeks time and then this is the time i do decide whether
i do pull off some portion of it for some expenses or needs and the rest would really be saving up for long term.Ive been doing this for how many years although
im really into long term holding but there are instances or situations that cant really be avoided on not to make up some spending with your coins
specially with bitcoin or trying out to covert it out actively.

I have separate wallet that is entirely for the payment of bills through Bitcoin usually it is in custodial wallet since services there are already provided and the bills I pay does not accept P2P Bitcoin transaction so I might reconsider alternative method to at least pay my bills without the hassle of going through any falling in line.
It is twice in a month that I usually do Bitcoin transaction specifically. Good thing my wallet service does not charge that much in conversion, lol.

Not so often... I tend to accumulate most coins as possible before transacting to save a little bit on fees. Usually, I transact once every 2 weeks my signature earnings to an exchange as destiny, so I can sell it for fiat in order to use the money for my daily expenses.

Sometimes unexpected events or opportunities appear in crypto universe or even in my life. When it happens, I make extra BTC transactions.

If there were more offers of goods in general accepting bitcoin as payment, while charging affordable prices from customers, without any doubts I would raise my bitcoin transactions considerably!

Do multiple times a week because need to pay my electricity, internet and other bills in weekly time. Just like in the question that besides trading, probably they will hold some as well as me but since Bitcoin is also one of my income so would make sense to pay those bills while you are in profit on trading then you can use those profit to pay something else or even hodl it even more.