Pages:
Author

Topic: Living only on crypto: Possible in 2025? (Read 668 times)

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
January 14, 2025, 07:16:45 AM
#56
Most services are doing KYC checks first like you are creating a bank account and that kills the purpose of using crypto imo. If wanted to share my ID with the merc, I would use my credit card.

In my country it is even against the law to accept crypto for goods if you are a merchant. They simply banned crypto from being a currency. It us just another stock that goes up or down here. Legally, nobody can use it to purchase any goods which is very sad. You sell your crypto first and then you buy your stuff.

I guess it all depends where you are living.

In many countries buying something with crypto is a taxable event and that kills crypto too. They say everytime you buy something with crypto, you’ll have to pay taxes because you are actually buying it with usd. You cashed out without cashing out.

They do pretty much what my gov do but they do it indirectly.

In this picture there are 2 main problems:

1- Buying something with crypto is mostly not anonymous anymore unless you do a p2p trade which nobody does.

2- Most govs either ban crypto payments or they tax every purchase via crypto. That’s why I call it crypto because obviously it is not cryptocurrency anymore.

Exactly. KYC greatly defeats the purpose of crypto. It forces merchants and businesses to treat it the same way as credit/debit cards. The whole point is to use crypto as cash. Otherwise, why bother using it? Most people don't care about centralization or strict KYC/AML guidelines, so they will continue using these services no matter what.

I know Bitrefill complies with KYC, but you're only required to give away your ID if you reach a certain deposit threshold/limit. Not sure how eGifter and Gyft work. At least, more merchants are accepting crypto as payment method. Who knows? Maybe we'll be able to live entirely off crypto in the future. I sure hope so. Smiley
legendary
Activity: 3108
Merit: 1199
January 14, 2025, 12:09:53 AM
#55
crypto is also consider as money and there's lots of opportunities that we can grab especially if we are skilled enough to do those task what online clients required then its really possible for us to earn crypto to make a living thru service that we can provide to people who need so work force online.

Also I guess we are slowly going up there since we could see that lots of freelance job right now is paying your desired crypto's that's why we need to adapt on the changes and make sure that we have those skills which those clients want so that we can get a job that can give us good income to sustain our daily needs.

But huge chance that more to come with crypto. The future of this industry is promising and provably that we are heading on those things you mentioned here.
Earning is true, you can earn bitcoin or crypto and make your living that way in 2025, it was like that in 2024 too, in fact it was like that in 2016 as well, which is the time I found my job and been working ever since. I believe that has to be the ignored part because that is true for many years now. Can you spend it everywhere though? That's not true yet and I am sure that we are not going to see that happen in 2025 neither.

You are forced to sell your bitcoin and do better that way, because if you can cash it out, and turn it into fiat then you can live anywhere you want. Unfortunately that's not going to be easy but that's the case for a long time now, I believe we need to consider how to grow this but if we can make it happen then it would make more sense.
sr. member
Activity: 1428
Merit: 251
Popkitty.io - Blockchain Social Media
January 13, 2025, 11:29:48 AM
#54
There is a possibility that all of this could happen, indeed crypto is full of surprises, sometimes things that were previously impossible can become possible and always become a sensation and if there is something new it can boost the price of crypto, now is the time and you are ready, what you dream of can come true
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
January 13, 2025, 10:50:23 AM
#53
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that? Cheesy
It's too early for that yet. Crypto isn't widely accepted in the world. We can buy some fancy accessories with cryptocurrencies, but the most basic stuff, like food and to pay bills it's just not possible, because for most of us the services providers don't even know what crypto is yet.

Bitcoin has been being a great investment year after year, but as currency it doesn't work for daily purchases. Not that the cryptocurrency is fail regards that usage. The point is that most people aren't open to adopting it yet. And I think it's only going to change if we see a massive crash in economies around the world. Once governments lose control over fiat currencies, then people might feel forced to move into Bitcoin adoption to protect their funds and purchasing power.
hero member
Activity: 2828
Merit: 611
January 13, 2025, 10:38:02 AM
#52
Living only on crypto will need more communities or cities being dominated by cryptocurrency users, investors, and tech platforms. For instance the Akoin city could bring forth what it is to survive with crypto alone. Any moment people, in mass, begin to understand how crypto works they'll not have a hard time adopting it including merchants.

But it still shows how some regions have lesser users of cryptocurrency. If more people had being into physical peer to peer transactions, merchants wouldn't hesitate to switch or integrate crypto as a payment system.
Instead of having more communities or cities we need more flexible policies and development in crypto technology because this can bring better use case of crypto for us and if we are able to have things well settled for quick transactions and good control of this volatility then we can go ahead quickly and safely.

We are currently not near on this concept even many countries are having good use of many crypto but as changes are happening still it's not have required results which are main problem for the users and companies we have huge difference of use in many regions while in many we are having nothing about users which is the biggest problem giving awareness and also having good way of teaching can also bring good results for this.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 13, 2025, 04:00:41 AM
#51
That could be possible to happens but we are still far away from that. Perhaps we can use crypto to buy a gift card from online and use it to buy a product from online too. But in the offline, we will not easy to finds the merchant that will accepts crypto as the payment because that will depend on the government regulation.

We should waiting for more announcement from the government and there is uncertainty time to see when that will happens. I still prefer to use crypto for my investment than to be used for the payment.
hero member
Activity: 1344
Merit: 568
Leading Crypto Sports Betting & Casino Platform
January 13, 2025, 02:58:04 AM
#50
it is now becoming easier to live in crypto because there are merchants that allow us to buy gift cards or pay directly w/ crypto. Big companies are accepting crypto and technologies like the lightning network are improving transaction speeds. Stablecoins help reduce price swings making crypto more reliable for daily use. But challenges still remain such as limited merchant adoption and ongoing regulatory uncertainty. Not all businesses accept crypto yet and gov't are still figuring out how to regulate it. It is possible for some to live mainly in crypto but full adoption for everyone will likely take more time

Living only on crypto will need more communities or cities being dominated by cryptocurrency users, investors, and tech platforms. For instance the Akoin city could bring forth what it is to survive with crypto alone. Any moment people, in mass, begin to understand how crypto works they'll not have a hard time adopting it including merchants.

But it still shows how some regions have lesser users of cryptocurrency. If more people had being into physical peer to peer transactions, merchants wouldn't hesitate to switch or integrate crypto as a payment system.
sr. member
Activity: 476
Merit: 307
January 11, 2025, 06:55:22 PM
#49
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that? Cheesy
Cryptocurrency is wide and there are many things an individual can do to succeed in cryptocurrency. In other words, there are many approaches to cryptocurrency and the approach will determine if the individual can live on crypto or not. For instance, if an individual have been investing in Bitcoin for a very long time now and have reached certain amount that he feels will be enough to give him the life he desires, he can start gradual withdrawal process this year and enjoy the reward for his patience and hard work. An individual who trade Bitcoin too and have mastered the skill can also like on the proceed this year. What I will not support is buying to sell within a very short period of time for quick profits. This does not always end well.
hero member
Activity: 1246
Merit: 560
fillippone - Winner contest Pizza 2022
January 11, 2025, 05:43:24 PM
#48
In my opinion, it's too early to believe this will come through, not in 2025. Crypto is going mainstream already and there are many countries that the citizens are spending crypto directly to purchase their daily needs but it's not generally acceptable yet by majority of people and that's why I think that we can not live only on crypto this year but hopefully in near future.
The adoption of cryptocurrency is becoming consistent and we could see some huge momentum as the .price keeps going high. Many investors are only interested in buying and holding cryptocurrency because they want to be making consistent profits. We need to prepare for this bull run because it's going to be huge and many that are still doubting what Bitcoin can do will finally get to see the price momentum. Holding good altcoins too can be very profitable just like Bitcoin and it's a matter of time for many to see and know that the crypto market is up for the bullish movement.
legendary
Activity: 2492
Merit: 1140
duelbits.com
January 11, 2025, 04:49:48 PM
#47
It's still too early for this. We're just beginning to move away from cash to credit/debit cards.
Agree. It is unlikely to live solely with crypto in the next few months/years. It should take a lot of time to ensure people living with crypto.
Yep, it is not easy to live with cashless. In may areas, it is still impossible to do because there is no proper facilities. Especially in remote areas, people can live with cash only.

The idea of living solely on crypto currencies might only be a dream for now because there are many structural weaknesses in this area.
You're right. Crypto is even still not allowed to use as a payment tool in many countries. In my country, people only can use Rupiah for paying any goods/services. Using crypto is against our laws. Well, how we live solely with crypto in this situation.

Maybe we can discuss this for 2035, but it's impossible in 2025.
True. It is impossible to implement in 2025.

sr. member
Activity: 630
Merit: 291
Bitcoin in Niger State💯
January 11, 2025, 03:45:41 PM
#46
This is not the main point meaning crypto as a means of transaction is not going to happen not until people start to embrace different digital technology not just crypto. It’s still difficult for both parties to decide including crypto enthusiast and marketers for example investors trying their best to hold predicting the value this year 2025 will be high so in such situation I don’t expect an investor to release freely secondly purchasing goods with fiat is more comfortable especially in locations that’s not crypto friendly probably this idea might stand a chance it’s a matter of time and patience.

Living only on cryptocurrency is possible this year. It was possible for many people last year and its got even a better potentials this year most probably. Though whatever we talk about revolves around predictions but there's potentials in the market thriving. You just need to set your goals and be consistent with your investments and savings. Building a diversified portfolio is another strong aspect to delve into if you really want to survive.
sr. member
Activity: 182
Merit: 120
January 10, 2025, 05:57:42 PM
#45
This is not the main point meaning crypto as a means of transaction is not going to happen not until people start to embrace different digital technology not just crypto. It’s still difficult for both parties to decide including crypto enthusiast and marketers for example investors trying their best to hold predicting the value this year 2025 will be high so in such situation I don’t expect an investor to release freely secondly purchasing goods with fiat is more comfortable especially in locations that’s not crypto friendly probably this idea might stand a chance it’s a matter of time and patience.
hero member
Activity: 2310
Merit: 832
🌀 Cosmic Casino
January 10, 2025, 05:00:26 PM
#44
~Snipped

I've thought L2 networks such as the Lightning Network and Arbitrum solved Blockchain's scaling issues? Some merchants accept payments using said L2s for complete peace of mind. But adoption in this area is growing very slowly. Then there's the issue of volatility and lack of Internet access (especially in developing countries). Stablecoins like USDC and USDT already solve the "volatility problem", but there's a long road ahead before the whole world gets interconnected (through the Internet).

Without a stable energy and Internet infrastructure, people won't be able to rely on digital payments for goods and/or services. So living entirely from crypto is not possible yet. Although, adoption last year increased by a large margin. Who knows? Maybe it will take 5-10 years for crypto to become fully mainstream. Only then, we'll be able to avoid Fiat altogether. That's the dream, right?

Yup. L2s were meant to solve these scalability issues but so far, that job is far from overbut we are definitely heading there. I personally think that these different networks add an extra layer of complexity for the average user but it is what it is.

Mass adoption is probably a decade away but we'd need to make blockchain and crypto very "grandma" friendly.
full member
Activity: 134
Merit: 94
The Alliance of Bitcointalk Translators - ENG > TR
January 09, 2025, 11:16:16 PM
#43
Most services are doing KYC checks first like you are creating a bank account and that kills the purpose of using crypto imo. If wanted to share my ID with the merc, I would use my credit card.

In my country it is even against the law to accept crypto for goods if you are a merchant. They simply banned crypto from being a currency. It us just another stock that goes up or down here. Legally, nobody can use it to purchase any goods which is very sad. You sell your crypto first and then you buy your stuff.

I guess it all depends where you are living.

In many countries buying something with crypto is a taxable event and that kills crypto too. They say everytime you buy something with crypto, you’ll have to pay taxes because you are actually buying it with usd. You cashed out without cashing out.

They do pretty much what my gov do but they do it indirectly.

In this picture there are 2 main problems:

1- Buying something with crypto is mostly not anonymous anymore unless you do a p2p trade which nobody does.

2- Most govs either ban crypto payments or they tax every purchase via crypto. That’s why I call it crypto because obviously it is not cryptocurrency anymore.
full member
Activity: 392
Merit: 130
Popkitty.io - Blockchain Social Media
January 09, 2025, 09:45:25 PM
#42
Actually even before  there's already some store and even fast food using crypto as a payment method . So it already started in my opinion and it will grow for sure especially now that Bitcoin becomes really popular because of the all time high in the market, and of course  because of the influence of some big people around the world , especially donald trump . Haha


If the option is available but there are still many developing countries that have not gone there. In general, maybe everyone has read about BTC and its price increases, but for some places it is still held hostage by local government regulations that only allow payments using their national currency.

I also hope that this adoption will be fast and even spread because we see quite a few cases where if you travel with too much fiat, even at the airport it is detected by a scanner and the story continues with many questions from related parties.
sr. member
Activity: 2114
Merit: 284
January 09, 2025, 08:28:04 PM
#41
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that? Cheesy
it becomes reality now bro since crypto goes to all time high. And infact here in our country there's a video where a man purchase a rolex then he pays USDT for the transaction. Imagine how much is rolex .?
Actually even before  there's already some store and even fast food using crypto as a payment method . So it already started in my opinion and it will grow for sure especially now that Bitcoin becomes really popular because of the all time high in the market, and of course  because of the influence of some big people around the world , especially donald trump . Haha
full member
Activity: 798
Merit: 100
Reward: 10M Shen (Approx. 5000 BNB) Bounty
January 09, 2025, 04:41:06 PM
#40
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that? Cheesy

It should be time for many people to use crypto to make transactions. but what we need to realize is that not everyone can accept the presence of crypto in the real world so there is still a lot that needs to be addressed and developed so that crypto can be accepted by everyone, especially at very high risks.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
January 09, 2025, 04:04:02 PM
#39
I like the sound of that but we're still not there yet. Mass adoption and crypto integration on almost all merchant stores remains the goal but we still have some technological overhead to defeat before we can have that achievement.

For one, Bitcoin and almost all altcoins haven't solved the increase in tx cost when demand skyrockets and demand is going to skyrocket for sure when every customer that buys anything, anywhere in the world triggers a transaction. We'll have 10-100x the tx volume we have right now and I don't think current infrastructure can handle it yet.

Bitcoin tx fees will go up.
ETH gas price will be through the roof and Sol?
Sol blockchain might halt as it has always done in peak periods.

I've thought L2 networks such as the Lightning Network and Arbitrum solved Blockchain's scaling issues? Some merchants accept payments using said L2s for complete peace of mind. But adoption in this area is growing very slowly. Then there's the issue of volatility and lack of Internet access (especially in developing countries). Stablecoins like USDC and USDT already solve the "volatility problem", but there's a long road ahead before the whole world gets interconnected (through the Internet).

Without a stable energy and Internet infrastructure, people won't be able to rely on digital payments for goods and/or services. So living entirely from crypto is not possible yet. Although, adoption last year increased by a large margin. Who knows? Maybe it will take 5-10 years for crypto to become fully mainstream. Only then, we'll be able to avoid Fiat altogether. That's the dream, right?
?
Activity: -
Merit: -
January 09, 2025, 12:47:33 PM
#38
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that? Cheesy

Crypto is increasingly being seen as real money, and with the right skills, it’s definitely possible to earn a living through services provided to online clients. Freelance jobs offering crypto payments are growing, making it essential to adapt and develop in-demand skills to stay competitive in this evolving market.

We’re already seeing progress, but there’s even more potential on the horizon. The future of crypto looks promising, and it’s clear we’re heading toward a world where it plays an even bigger role in our daily lives.
full member
Activity: 308
Merit: 180
January 09, 2025, 10:03:42 AM
#37
I don't think a lot of countries will let go of their currency for crypto to dominate, while crypto can be used by some shops, online trades, I don't think the global adaptation for daily use would work just yet. Because intercontinental trade happen  with currencies, that's how you we value US dollar to other currencies.

So I believe the adaptation of crypto will take time but for now online stores, y gambling sites can make use of it for day to day transactions. I'm not seeing the feasibility in 2025 just yet, we have some countries  that even are yet to widely adopt crypto, talk more of using it for daily use, so we'll give it time. 
Pages:
Jump to: