Topic: Sorry guys.. Bitcoin is not for our day-to-day transactions. - page 2. (Read 675 times)
For everyone, the value of bitcoin is determined by their own views. And as you can see from the answers, everyone has different preferences. The OP offers the most reasonable solution, I would add that, if possible, you should not spend, but purchase bitcoin regularly. But as it was said here correctly, sometimes there comes a moment when the price of bitcoin can suit someone, and he starts selling it. There may be different reasons. All actions will remain correct. Since this is a Bitcoin, and any rules for its use should not be attached to it.
If you are holding your bitcoins with the expectation of bitcoin will be hitting main stream adoption one day so that you will easily buy groceries for direct BTC payments and pay your gas bill with BTC, your dream will get fulfilled one day but after that you may regret for spending bitcoins for lesser value or for silly things.
Nah, I don't know If you believe that there's actually people who has been spending their Btc in a day to day basis. Though the amount isn't that huge, but they're actually using Btc to pay for service or for a booking. And they are totally aware of the fact that they might been paying more than just the usual price because of Btc's high volatility, but these people are what you called Bitcoin enthusiast and a Bitcoin supporter. These people doesn't only want to make a good profit out of its volatile nature, but also wanted Bitcoin to grow and become a mainstream payment option in the future. Bitcoin is supposed to be used as a currency to create a greater adoption.
"Sorry guys.. Gold is not for our day-to-day transactions." 
Edited the title of thread to what your actually saying. Bitcoin just like Gold bars is not supposed to be used for day to day transactions.
Edited the title of thread to what your actually saying. Bitcoin just like Gold bars is not supposed to be used for day to day transactions.
First of all Bitcoin is not only a digital asset.
It’s used in various payment methods in various places if you aren’t aware of.
Moreover BTC is handy to use than Gold.
So first of all stop comparing it to gold.
And it would be better if you don’t do any transactions or trading with BTC for few days.
I am sure the fees will be normal in few days.
"Sorry guys.. Gold is not for our day-to-day transactions."
Edited the title of thread to what your actually saying. Bitcoin just like Gold bars is not supposed to be used for day to day transactions.
Edited the title of thread to what your actually saying. Bitcoin just like Gold bars is not supposed to be used for day to day transactions.
yes, all of that is true and I agree, and if bitcoin is used as the main legal payment instrument it will be a bit of a hassle because the value of bitcoin is very volatile and there is also a limited supply of bitcoin as well.
No, bitcoin was originally conceived as an alternative means of payment to the existing payment system specifically for everyday transactions. However, their number has now grown so much that, given the sharp increase in its price, it has really become profitable to use it only for large transactions. Perhaps this status will be fixed for bitcoin. 
Sorry but the majority of my transactions are for day-to-day transactions. Top of the list is food delivery (which is getting more frequent in these times), but I'm also now already able to get a lot of credit (paid for with Bitcoin) at almost all the stores I shop at. Cashback rocks.
That's not even counting the payments I make to people or to deposit for the things I do every day (sportsbetting for example). All in Bitcoin.
Sure, I still have to sell for the cash to pay most bills and other expenses. And granted, it'll continue to be the case for a while. But sorry, Bitcoin really is for my day-to-day.
That's not even counting the payments I make to people or to deposit for the things I do every day (sportsbetting for example). All in Bitcoin.
Sure, I still have to sell for the cash to pay most bills and other expenses. And granted, it'll continue to be the case for a while. But sorry, Bitcoin really is for my day-to-day.
However, it does not imply that bitcoin is a perfect medium to use as a system for payments. It is not only you who uses it for gambling and spending for other things. Many users also use it with much complaints on the high fees and long confirmation times. We should be realists.
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in my opinion it is true, that bitcoin is sufficient only as an asset to secure your money. not required as a whole transaction tool. bitcoin is invested, although there are many shops, as well as personnel services that allow payment with btcoin in my opinion it is better to use an alternative to fiat money. because bitcoin has a price value that continues to increase from time to time. cultivating bitcoin is very good for the future.
The idea behind the creation of bitcoin was to bring into existence an alternative currency to the fiat system. It technically didn't present itself as an asset although it does has the features of one due to its finite supply and the fact that it's tradable. Assuming bitcoin was foresaw as a potential investment vehicle, maybe the price would had been trading at outrageous prices by now because the elite would had bought all the bitcoin from circulation as they're trying to do now under the disguise of been Institutional investors.
Bitcoin can bought be used as an asset and a currency, it has these features already built into its network. One shouldn't be discouraged while the otheyis been advocated for. We need both features ti succeed in order for bitcoin to become a success. It'll be worthless when bitcoin is priced high yet can't be used for purchasing anything as a currency it claims to be.
In regards to the day to day transaction, it's no news that bitcoin is been used already for these type of transaction. If your region that have any of those options yet that doesn't mean other regions don't have.
Yes that kinda true remain like this with same total supply and 1mb per block
Bitcoin is higher fee because so many transaction and the price keep rising up for hodl is good choice
Even the omni token has higher fee
I think for daily use we can use altcoin like ethereum or litecoin maybe
Bitcoin is higher fee because so many transaction and the price keep rising up for hodl is good choice
Even the omni token has higher fee
I think for daily use we can use altcoin like ethereum or litecoin maybe
Sorry but the majority of my transactions are for day-to-day transactions. Top of the list is food delivery (which is getting more frequent in these times), but I'm also now already able to get a lot of credit (paid for with Bitcoin) at almost all the stores I shop at. Cashback rocks.
That's not even counting the payments I make to people or to deposit for the things I do every day (sportsbetting for example). All in Bitcoin.
Sure, I still have to sell for the cash to pay most bills and other expenses. And granted, it'll continue to be the case for a while. But sorry, Bitcoin really is for my day-to-day.
You have a pretty good area surrounding you then, a lot of business accepting cryptocurrency payments is something. Although, I have to disagree with you, for me it is not a day to day if in general consensus because a lot of businesses are tied to banking institutions and small businesses do not want to gamble by getting into cryptocurrency as part of their daily transaction, maybe for some it can be like yours but for me on a practical standpoint I do not think so. That's not even counting the payments I make to people or to deposit for the things I do every day (sportsbetting for example). All in Bitcoin.
Sure, I still have to sell for the cash to pay most bills and other expenses. And granted, it'll continue to be the case for a while. But sorry, Bitcoin really is for my day-to-day.
~ But sorry, Bitcoin really is for my day-to-day.
With that, we can say that bitcoin for everyday transaction depends on the person. Some say here that they will not or cannot use bitcoin for their transactions daily but you are able to counter that. So maybe, it just varies from person to person and for their own reasons, one of which is the transaction fee. As for me, I don't use bitcoin yet. Simply because I don't have many of it. If I have to spend, I convert some of it to fiat first then use that to pay my bills or buy for things. Otherwise, they're only there and is stored for hodling. If I think that my earning in bitcoin is enough, then might as well use it directly for my daily transactions.
I ought to concur with this explanation here. In spite of the fact that I too utilize Bitcoin for my day to day exchanges particularly when crisis, by changing over it to begin with to my neighborhood money, but as much as conceivable I don't wish to utilize my Bitcoin but to hold it instep. I have seen how much it can advantage me more on the off chance that I would fair hold and treat Bitcoin as my speculation.At the end i experienced that Bitcoin is not for emergency right now but in future it will easy for emergency transactions when globally legalized.
Somehow, the explanation of OP is what really the truth is and I can't deny it but it seems to me that only those people who thinks Bitcoin is for investment only and not for day-to-day transaction. Bitcoin is designed as a currency and because of people starting to adopt to it the value of it is increasing. So for people who spent Bitcoin for everyday use that is how we use Bitcoin and for holding forever, you can't enjoy your reward if you keep holding it waiting for the right time to dump. Sell some and reward yourself! 
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But it is also something very valuable that we cannot miss. Besides proving very valuable log=term investment, Bitcoin is also very promising for day traders, both spot or even more to the future trading. I am not really good at future trading and I am still very new about it. But for sot, this si also profitable for the short term.
Well, I agree with you on this and you have a point. Bitcoin is really good for the transition because it is very easy and fast upon moving your fund. But the problem is people don't want to spend their bitcoin, we understand them because I am doing the same to them, I don't want to spend my bitcoin because I know this is a very promising asset if we are going to hold this for a long time and take profit when the price too much high as we purchase bitcoin. This could be the reason among us not to choose daily transactions. But it is also something very valuable that we cannot miss. Besides proving very valuable log=term investment, Bitcoin is also very promising for day traders, both spot or even more to the future trading. I am not really good at future trading and I am still very new about it. But for sot, this si also profitable for the short term.
If it is about transactions, yeah it is surely, Moreover, we know that besides the fee is very high, we may not be able to find many merchants around us to make a certain transaction with Bitcoin. Moreover, as what happeneds in my country, BTC is not legal for transactions or payments. So, it is very limited.
But it is also something very valuable that we cannot miss. Besides proving very valuable log=term investment, Bitcoin is also very promising for day traders, both spot or even more to the future trading. I am not really good at future trading and I am still very new about it. But for sot, this si also profitable for the short term.
But it is also something very valuable that we cannot miss. Besides proving very valuable log=term investment, Bitcoin is also very promising for day traders, both spot or even more to the future trading. I am not really good at future trading and I am still very new about it. But for sot, this si also profitable for the short term.
I ought to concur with this explanation here. In spite of the fact that I too utilize Bitcoin for my day to day exchanges particularly when crisis, by changing over it to begin with to my neighborhood money, but as much as conceivable I don't wish to utilize my Bitcoin but to hold it instep. I have seen how much it can advantage me more on the off chance that I would fair hold and treat Bitcoin as my speculation.At the end i experienced that Bitcoin is not for emergency right now but in future it will easy for emergency transactions when globally legalized.
Bitcoin is the central bank. You dont use the central bank for your day-to-day transactions but it is backing the whole ecosystem.
in my opinion it is true, that bitcoin is sufficient only as an asset to secure your money. not required as a whole transaction tool. bitcoin is invested, although there are many shops, as well as personnel services that allow payment with btcoin in my opinion it is better to use an alternative to fiat money. because bitcoin has a price value that continues to increase from time to time. cultivating bitcoin is very good for the future.
As an asset, we do not have to use bitcoin for a day-to-day transaction. We have the other coins that have a low fee for making a transaction, and I am sure that it will come the day for us to use that coins to store our bitcoin for the other purposes. So if you want to have fiat, you can sell your bitcoin, and do not use bitcoin for another transaction instead to save more bitcoin. People will have their own decision to use bitcoin as their daily transaction or use the other altcoin because it is about comfortably for each person will be different.
Agreed. Some people are not yet ready to agree that Bitcoin is primarily used as a speculative investment asset now, rather than as a currency. Bitcoin can be used as a payment medium. But rather than using Bitcoin directly, it will be better to use third party services such as BitPay for this purpose. Third party processors can resolve the issue of high transaction fee and delays in getting confirmations.
As an asset, we do not have to use bitcoin for a day-to-day transaction. We have the other coins that have a low fee for making a transaction, and I am sure that it will come the day for us to use that coins to store our bitcoin for the other purposes. So if you want to have fiat, you can sell your bitcoin, and do not use bitcoin for another transaction instead to save more bitcoin. People will have their own decision to use bitcoin as their daily transaction or use the other altcoin because it is about comfortably for each person will be different.
Agreed. Some people are not yet ready to agree that Bitcoin is primarily used as a speculative investment asset now, rather than as a currency. Bitcoin can be used as a payment medium. But rather than using Bitcoin directly, it will be better to use third party services such as BitPay for this purpose. Third party processors can resolve the issue of high transaction fee and delays in getting confirmations.
As an asset, we do not have to use bitcoin for a day-to-day transaction. We have the other coins that have a low fee for making a transaction, and I am sure that it will come the day for us to use that coins to store our bitcoin for the other purposes. So if you want to have fiat, you can sell your bitcoin, and do not use bitcoin for another transaction instead to save more bitcoin. People will have their own decision to use bitcoin as their daily transaction or use the other altcoin because it is about comfortably for each person will be different.
3. Technically bitcoin is designed to be having huge value.
Ahh, this point is something. I’m not sure how many agree on this but gradually bitcoin is showing up signs of highly valued asset. It has pass on worlds best assets such as gold, diamond, and idk may be rarest painting is getting faded in front of btc value. If btc would have been physical coin then one could just throw away 5-6 coins and buy whole villa with it. Lol
It seriously looks like asset with demanding value. Bitcoin has managed to get into everyone’s wallet even though we can’t pay for groceries and that’s win win situation.
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