Topic: How often do you use Bitcoin? - page 3. (Read 887 times)
In my country, Bitcoin related transactions was banned by the Apex bank in early 2021. Prior to this time I had used bitcoin for payments at shops owned by friends where bitcoin payment was accepted. Post ban, I can't remember using it. It there for long term holding. And a lot of people are now saving in their money in bitcoin. There are still a handful of stores and business people that accept payment, this is rare and the individuals are few.
In my region we don't have much of services in exchange for bitcoin. The only choice is to convert to cash and make use of it. I used to do it atleast once in a month. The increased usage of bitcoin for me is online gambling. I'm planning to start a service that help new people turn bitcoin as money without much difficulty.
I don't want move my "millions" 
I say, my satoshis, but I make some satoshi movements monthly and the reasons are as diverse e.g. this month I have made payments to pools, deposit to casino, among others.
But one of the things that I like to do the most is when I can avoid making an international transfer and then someone at the destination receives my satoshi and deposits/pay with a local transfer (or cash) my commitments, bills.
I say, my satoshis, but I make some satoshi movements monthly and the reasons are as diverse e.g. this month I have made payments to pools, deposit to casino, among others.But one of the things that I like to do the most is when I can avoid making an international transfer and then someone at the destination receives my satoshi and deposits/pay with a local transfer (or cash) my commitments, bills.
Actually I use It once or twice in a month. I buy just simple things. There are not much opportunities to use it more here.
For now, I have never used bitcoin from the assets I own to buy or shop for my needs because apart from my country no one has accepted bitcoin as a legal tender (fiat is still dominant) on the other hand, I am also not interested in that . But indeed I feel this is not forever because I also want to experience shopping through bitcoin at least once.
I'm just curious to know how often people on the forum make BTC transactions.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
I think I use it multiple times a week. Because of trading, I basically loved to trade in the pair of BTC. Yeah, I think it's actually a good decision for me to choose the BTC pair. If I get a BTC pair, then yeah, I love to trade in BTC pairs. And that's my actual use case. Otherwise, I didn't use bitcoin for any other merchant or usecase because bitcoin is illegal in our country, so I could only use it in trading pairs. And what I loved to do was thank you.
I'm just curious to know how often people on the forum make BTC transactions.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
Fortunately and unfortunately, my local exchange offers various services and convenience where I can convert my BTCs to our local currency. Our local exchange also has the option of paying your bills (with my converted BTCs to cash) or cashing them out to various remittance services. The downside is, this gives somehow removes the opportunity of having to save my BTCs for long-term due to the convenience of converting them to cash.
Due to this, I mostly spend my BTCs at least once to twice a month depending on my own needs or my family's. I mostly spend my BTCs in purchasing books and educational materials for my brothers since having a single dad raising 4 brothers and a sister is relatively difficult.
I used bitcoin in a multitude of ways. I, like many here, use bitcoin as an investment so in that sense I “use” bitcoin each and every day. In term of making payments or buying things I use bitcoin maybe once or twice a week on average. I hope to bump that number up as time goes on.
This is a cool poll, as I've been wondering about that as well. Trading is an obvious use case, and some also use Bitcoin for gambling which I guess also counts (but I forgot about it when voting, to be honest). I was also not sure about the matter Upgrade00 raised, regarding selling for fiat. I decided not to count that either, but it actually shows that one would've paid with Bitcoin directly if it were possible. And then, of course, we have hodlers who don't use Bitcoin often and probably qualify to 'never'.
I'm just curious to know how often people on the forum make BTC transactions.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
I make bitcoin transcation once per week when i received my signature payment via bitcoin. Other times I use other cryptocurrencies. Because transaction fees in other cryptocurrencies are much lower than Bitcoin. And the transfer speed is very high then btc. So I find it more convenient to use other coins than Bitcoin most of the timeFeel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
op is talking about using bitcoin for everyday payments like shopping and utility bills, i don't think he is referring to bitcoin transactions between platforms, if you are a bitcoin trader then you may not be able to calculate your daily transactions
i also don't do a lot of my bitcoin transactions, i mainly accumulate and hold for the long term
sometimes need cash, i will sell some bitcoins for fiat money because bitcoins where i live are not popular
For the past month, not once except for p2p selling, which I do about twice a month. Travelling back to the South reminds me you can pay for things with so many more things (all kinds of digital cash) but unfortunately, not much options for Bitcoin. In fact, only passed by one cafe accepting BTC and it was a tourist trap cafe.
Back where I reside, at least once a week for food. Also when travelling alone, airfare and hotel if possible.
Seems to me it has not really gotten easier or more diverse to use Bitcoin since I first did about 5/6 years ago.
Could just be my spending habits but I really do my best.
Gambling deposits count? If so, add in one or two a week on average during sports season.
Back where I reside, at least once a week for food. Also when travelling alone, airfare and hotel if possible.
Seems to me it has not really gotten easier or more diverse to use Bitcoin since I first did about 5/6 years ago.
Could just be my spending habits but I really do my best.
Gambling deposits count? If so, add in one or two a week on average during sports season.
I'm just curious to know how often people on the forum make BTC transactions.
Honestly, if the transaction is in the trading category almost every day I make transactions in Bitcoin, because that category is not included, so I only make transactions four times in one month, it can be said that the average transaction I did, even though one month there were more, but four times it was normal.@nutildah I would like to wish you good luck on the project you are currently managing Shitcoin, future hope can be a brilliant project in the crypto market.
The situation in my country is such that I have very few avenues of spending cryptocurrencies, majority of which is through gift cards and although they are useful, they are not an alternative, hence I am rather holding my coins in the hope of better prospects in the future.
Mostly trading every few days when the market swings happen in majority of my transactions.
I guess the situation is different in first world countries where bitcoin ATMs exist and spending coins is much easier. I do envy them for this and the fact that some countries are going backwards in civilization due to different reasons or motives.
Mostly trading every few days when the market swings happen in majority of my transactions.
I guess the situation is different in first world countries where bitcoin ATMs exist and spending coins is much easier. I do envy them for this and the fact that some countries are going backwards in civilization due to different reasons or motives.
Adoption in my area has gone down over the last years. I suspect that people who accepted bitcoin before stopped their businesses because they are rich (this is not a joke I saw it). Was not a lot of adoption though in my area to beginn with.
I don't have many assets left, and the majority of my assets are locked in staking. So the use of BTC is very low from my side. Many traders use BTC daily, but for me. I will lose everything in trading if I try to trade. Not really good at it, so! That's that
few times a month. Just bought a gift card, gonna pay for my seedbox later and will renew my vpn subscription next week.
nice to see there are people here (more than 70%, according to the poll) who actually spend their coins, i thought the majority here were part of the "to the moon, get rich hodl forever until it hits $1 trillion" team. satoshi & co would be proud (:
nice to see there are people here (more than 70%, according to the poll) who actually spend their coins, i thought the majority here were part of the "to the moon, get rich hodl forever until it hits $1 trillion" team. satoshi & co would be proud (:
Honestly, I have not directly used BTC BTC to buy goods and services because my country's government and it agency called Central Bank of Nigeria (CBN) ban and instructed all banks not to transact with BTC or anything concerning Cryptocurrencies. Therefore, the only way for me to use the BTC weekly is to convert it to the Fiat currency every week then I use the Fiat currency to buy anything I want and also use it to pay transport and other services. I am also planning to use it daily in the sense that I will be buying and selling BTC every day, but that is not guaranteed because of my location. But I have made a direct transaction of BTC with a friend but it was not for goods.
I'm just curious to know how often people on the forum make BTC transactions.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
I make bitcoin transcation once per week when i received my signature payment via bitcoin. Other times I use other cryptocurrencies. Because transaction fees in other cryptocurrencies are much lower than Bitcoin. And the transfer speed is very high then btc. So I find it more convenient to use other coins than Bitcoin most of the time Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
If we ignore the use cases in speculation, transfer between platforms, echange to fiat, we will have two use cases, namely direct payment or debiting the crypto account (whether it is direct or via debit cards.)
- Assuming the two options above, I think I use Bitcoin 1 to 3 times a month with an average of twice a month.
- If the answer includes all options, I think the number ranges from 30 to 60.
- Assuming the two options above, I think I use Bitcoin 1 to 3 times a month with an average of twice a month.
- If the answer includes all options, I think the number ranges from 30 to 60.
I'm just curious to know how often people on the forum make BTC transactions.
Yes I mostly use Bitcoin. In other words, I trade Bitcoin every day. Because I buy most Bitcoins from people and hold them and sell them when the Bitcoin price goes up. To be honest, I consider it my business😁Because if you hold Bitcoin and sell it later, you get a lot of profit.
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