What do you actually spend your cryptocurrency on?

judeafante

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Quote from: Forra on February 23, 2019, 01:19:32 PM

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?

We can buy a domain or subscribe to a web hosting there are a lot of sites that accepts coisn to buy a domain, and there are marketplace that accepts Cryptocurrency and we have to patronize that to show supports, I myself bought a domain last year and create a blog, people who are into Cryptocurrency must not only invest and HODL but they must support merchants that accepts Cryptocurrency, this is what these Cryptocurrency are intended to be use.
If we all want to move forward invest and buy something using Cryptocurrency.

smyslov

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Quote from: Forra on February 23, 2019, 01:19:32 PM

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?

On my part, I have bought 5 domains for my friends and 3 for myself on Namecheap and that's on the digital part and on the physical part, I have bought groceries after I converted my Cryp[tocurrency to fiat, so I can buy online and offline and people should do this and not just hodl their coin, because in the first place it was created to be this way.

Mike Mayor

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I spend crypto on everything excluding bills, food, going out. Luxury items and nice things you want I buy with crypto. Stuff like pc hardware, video game consoles, TV's, bed cover, coffee mugs and more.
Certain essential items you can buy with bitcoin it just depends on the market at the time. One day it will be great if we can pay bills with crypto. Even my family said they will start using crypto and not fiat.
My family are not the biggest supporters of fiat, because of the banks and fees and things like this.

Ridwan Fauzi

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Quote from: abel1337 on October 14, 2019, 06:01:51 PM

I'm playing a daily trade on the altcoin market, some altcoin now is experiencing downtrend and it is the reason I'm avoiding to make a long trade on altcoins.

Did you get a profit when you trade in downtrend situation? I can't believe it since it may have a little chance to gain money when the price is decreasing. I'm not daily trader, and this is the reason why I can't decided to be a daily trader because the difficulity thing when I must take a decision to buy and sell when the situation comes.

OP, when you use cryptocurrency then I think you don't need to thinking what should be do with your cryptocurrency. You are free to use it for, when you choose as payment system then you have to know the regulation from your country. When you will use it as trading or investing just do it with one note you have to know the strategy first.

abel1337

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Quote from: DarkDays on October 14, 2019, 10:47:50 AM

Believe it or not I spend it on food. My daily essentials. Right now I invest around $500 a month into cryptos. Sort of like a monthly systematic investment plan. This helped as I was able to ride the BTC wave early on. But I lost heavily on altcoin markets. But I am still hopeful for some altcoins.

Regardless, it is now quite easy to cash in and out of cryptocurrencies, so they are becoming basically the equivalent of cash these days. Most of us are using cryptocurrency practically anywhere now thanks to crypto to cash debit cards.

Same here, Using my bitcoin that is converted into fiat on my daily necessities, half of my profit from trades is used on my necessities and the other half is for reinvesting or reused for trading.

I'm playing a daily trade on the altcoin market, some altcoin now is experiencing downtrend and it is the reason I'm avoiding to make a long trade on altcoins.

DarkDays

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Believe it or not I spend it on food. My daily essentials. Right now I invest around $500 a month into cryptos. Sort of like a monthly systematic investment plan. This helped as I was able to ride the BTC wave early on. But I lost heavily on altcoin markets. But I am still hopeful for some altcoins.

Regardless, it is now quite easy to cash in and out of cryptocurrencies, so they are becoming basically the equivalent of cash these days. Most of us are using cryptocurrency practically anywhere now thanks to crypto to cash debit cards.

boltz

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I rarely spend my cryptocurrencies on something but there are moments when I need extra cash for house things and I go on our big shop called emag and I buy with bitcoin a voucher so I could spend them without having to convert them into fiat. Recently I bought a drill toolbox as I had to make some modifications in the living room to hang out some new pictures and last month I bought a glue gun to make sure all my toolbox have anything I need in the future ...just in case.

I love to redecorate my house from time to time and now I'm waiting for black Friday to buy myself a new hob for the kitchen as my girl "yells" at me since spring to get a new one and this could be the perfect time to take it. So yea ...I'm not the guy who spends Bitcoin on fancy things...I usually like to keep them at safe place.

nicecrypto

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I barely have enough btc on my wallet than to spend on something, I save and hodl all I have in crypto for a possible high price in future, for me, spending crypto to buy anything is still out of the question, maybe on a later time who knows, but for now it's all about making profit.

Fredomago

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Quote from: Anonylz on October 12, 2019, 02:50:46 AM

Honestly I have not use crypto to make purchase in any online crypto accepted store yet even though there are quite a good number of them around, I don't know, am just keeping my btc and alts to sell at higher price for now, I still very much find it more convenient to use fiat than crypto, maybe am not just use to it yet, but I think we can only gain more adoption when all crypto enthusiasts start making transactions with crypto rather than fiat, but I see majority are still not use to using crypto.

Majorities still using this industry as store assets and not for the sake of the intended purposes. If most people will begin to realize that this chain is also
good for payment transactions and be used to help quickining up deals between borders, It will make them realized that the system are capable to help.
Everything needs to start from people who are inside this industry, if implementations of transacting will be embarace and adopt it will be a success to what exactly the desire of Satoshi.

BitHodler

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Quote from: Anonylz on October 12, 2019, 02:50:46 AM

I still very much find it more convenient to use fiat than crypto, maybe am not just use to it yet, but I think we can only gain more adoption when all crypto enthusiasts start making transactions with crypto rather than fiat, but I see majority are still not use to using crypto.

Bingo! Finally someone being honest here---crypto in most cases is not convenient to use as payment option and will probably never become that. People keep hyping crypto as the ultimate currencies, but they failed miserably as such.

The actual selling feature of crypto is censorship resistant payments, which few people actually need in the grand scheme of things. In other words, it's a niche market people want to be penetrated with crypto. This can take decades.

Speculation and store or value are pretty much the only features you need, and Bitcoin has both of them. I'm perfectly fine with these two areas to keep doing better while payments only increases by minor upticks.

Anonylz

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Honestly I have not use crypto to make purchase in any online crypto accepted store yet even though there are quite a good number of them around, I don't know, am just keeping my btc and alts to sell at higher price for now, I still very much find it more convenient to use fiat than crypto, maybe am not just use to it yet, but I think we can only gain more adoption when all crypto enthusiasts start making transactions with crypto rather than fiat, but I see majority are still not use to using crypto.

djselery

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To be honest, I am dealing with cryptocurrency as an asset a lot more than a currency. Firstly, there aren't many marketplaces online supporting cryptocurrencies as payment methods, and secondly, I believe that BTC, ETH, and similar good coins have a good potential and they deserve a long term holding.
But I used many times BTC before to make micropayments, and for advertising my links in a-ads and some other advertising PTC sites.

robelneo

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Quote from: Forra on February 23, 2019, 01:19:32 PM

We are on our way to adoption but need to make real purchases in order to achieve the level of adoption that we need.

Is there any product digital or physical that you would willingly spend your cryptocurrency on? What would you feel good about spending your cryptocurrency on?

If so, What is that something?

Why or why do you not use crypto as your currency of choice?

Is that something on Forra.io?

After ten years Bitcoin has come a long way, you can literally buy anything with Bitcoin, I happen to live in a country where Bitcoin is well accepted in many merchants, I can pay my bills, my insurance, and convert my Cryptocurrency and use it to buy on one of our biggest local marketplaces here in our country, with the way things are going we can have a mall here mainly for Cryptocurrency only.

ancafe

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Quote from: owengtam09 on October 03, 2019, 10:35:28 AM

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.

same as me. in that year I got quite a lot of money that I got from cryptocurrency, and everything I used to meet my needs, such as shopping, traveling, and others. but, for now, is different, I always think about spending what I produce on other businesses and developing business. Well, I'm quite sorry I didn't do this a long time ago.

febriyana

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Febriyana Muhammad

I never buy physical goods with crypto.
Last time i buy is digital goods, like hosting, vps, phone pulse.
But if i calculate until now,
more than 70% spending on gambling.
and so much lose streak Undecided

Kyraishi

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Quote from: Findingnemo on September 26, 2019, 04:48:07 AM

Quote from: michellee on September 26, 2019, 03:06:37 AM

Quote from: Ridwan Fauzi on September 26, 2019, 12:39:56 AM

I use bitcoin as an investment place only and I forget it to pay something that I want. Actually, I don't like to buy something through online shop and anything related to it. I'm scared if I buy a stuff and when it comes to my hand it is different and far from my expectation. I believe bitcoin will be use by most its user as an investment place. They will buy something with use money fiat that common to use and there is no someone who will forbid it.

Using bitcoin as an investment is the best thing that we can do than to use bitcoin to buy something on the internet or in real life. While there is not many online stores or offline store which accept bitcoin, we can use save the bitcoin and convert it into cash. I don't like to use bitcoin to buy something or buying from a store online. I feel not comfortable, and besides that, I cannot touch the product I want to buy. Sometimes the product will not be the same as what they offer, and that is the other reason why I don't want to buy by the online shop.

This is 21st century and Amazon is the biggest place to shop your things and the things has changed from you mentioned.Yes there maybe fake products can be sold but you can see the previous user's reviees before you purchase any product.

Amazon still accepts bitcoin but you can convert bitcoin into cash and use it to buy things from Amazon.

They don't directly accept bitcoin, due to their reasons, but in the wake of that, a company specifically made to fulfill the needs of people who want to spend BTC on the site, purse.io. They actually work pretty well with fairly low spreads and amazing integration with Amazon, it's just a simple browser extension.

Quote from: The Cryptologist on October 07, 2019, 07:24:04 AM

Quote from: owengtam09 on October 03, 2019, 10:35:28 AM

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.

Me, too. The last year I tried spending bitcoin on service is only on 2017 to show support on the tech and for the whole crypto space. But now, I don't even bother because things did not go well in terms of financial because of the long bear period. Even in the twitter cryptoverse, those influencers that travel to spend only crypto shared that they only met 4-5 persons that actually spend bitcoin.

Probably a better investment anyway, hold!

UserU

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I mainly use it for gambling. Since the amounts are so small they're not worth converting into fiat or purchasing anything that I could afford.

The Cryptologist

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Quote from: owengtam09 on October 03, 2019, 10:35:28 AM

Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.

Me, too. The last year I tried spending bitcoin on service is only on 2017 to show support on the tech and for the whole crypto space. But now, I don't even bother because things did not go well in terms of financial because of the long bear period. Even in the twitter cryptoverse, those influencers that travel to spend only crypto shared that they only met 4-5 persons that actually spend bitcoin.

owengtam09

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Back in 2017, I remember spending my bitcoin for my family, buying foods that we need special needs that needed of a son because of his condition (private matters) and also we travel once because of bitcoin, but of course, I converted it to fiat before spending it. I enjoy purchasing with bitcoin is to buy a load, that's what I often to buy with my bitcoin because very convenient to use and easy to transfer load.

timerland

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Quote from: buwaytress on February 26, 2019, 02:47:47 AM

Take a look at daily spending habits of people and this gives you an idea. I use bitcoin to pay for food delivery every week at least once. Granted, this is a Bitpay 3rd-party merchant... so it's not like I'm exactly paying a pizza shop bitcoin. But I think it's a start and when shops do see their bitcoin orders go up, they might one day want to take it themselves (and who knows their own lightning shop so they don't bother with Bitpay's ridiculous confirmation setup).

Shopping is a bit more problematic, but I'm not really an online shopper. I know some people who do tiny buys every now and then that adds up in a month! Make-up, clothes, accessories especially.

Quote from: legendster on February 25, 2019, 02:02:52 PM

Honestly, I've been living off crypto since late 2017.. sure, seen a few ups and downs but I'm exchanging crypto on a daily basis through p2p connections / localbitcoin / localethereum and using it as my main income.

Same here, I wouldn't exactly calling it living off crypto, though. That's for someone who bought all his coins years ago and living on it.

I've been earning only in crypto since late 2017/early 2018. Up until Q1 2016, I was 100% earning in fiat. In fact, if you discount the few clients who insisted paying me through paypal, I was actually earning in crypto since end of 2016.

My trading (selling, 90% of the time) takes place about every week, and with a bigger or more frequent one times around 3rd week of month to pay off bills.

P2P most of my trades too.

I think I'm pretty unique in my BTC spending, well at least compared to the other people around here - I've only ever used BTC for fairly small transactions, as well as some places that accept it when I am online shopping.

Recently used the Moon app (this is a browser extension which basically allows you to spend your money on sites like Amazon) to go on a huge shopping spree for a laptop, and some other tech stuff. Was pretty crazy I could use BTC to pay for it, even if spreads where a bit high.

Topic: What do you actually spend your cryptocurrency on? (Read 737 times)