What would you consider living on crypto? - page 2.

molsewid

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Quote from: livingfree on November 26, 2021, 03:53:37 PM

There's a need to convert as always for those people that don't have a community near them that has 100% adoption of crypto.

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

That's a good thing because we already developed our ability to become flexible to live with the use of both fiat and cryptocurrencies because of the fact that the adoption of cryptocurrency especially here in my country was not yet legally adopted so there's always a need for me to convert or to go through crypto to fiat conversion all the time. So far, all that matters to me going through a conversion transaction was only the fee's but having the other means of financial platform that I am using is a big advantage for me because I'd be able to ride with the fast changing technology.

xSkylarx

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Quote from: hichamito37 on September 20, 2021, 05:49:07 AM

Personally, I don't want to live on cryptocurrencies for a very simple reason, price volatility. So today if bitcoin price is very high and it is my payday I will get less bitcoins. I think it would be much better if you deposit all your savings in Bitcoin. If you trade every day, there will be a lot of risk of loss.

Well this have a point which i think it is kinda unique to me since most people will say yes because they are all thinking that bitcoin as an investment and also of you invest on it you can earn a ton of Money. But on the other side of you think this as a salary then i think it is really difficult since it is really volatile

qwertyup23

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Quote from: DaveF on August 25, 2021, 06:38:16 AM

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

To be honest, I am somehow imagining what would my life be if I were in your position, earning around roughly ~$300/week (assuming you do your complete post requirement) considering that I currently live in a third-world country.

As someone who is privileged enough to participate in a stable campaign, earning roughly $65/week in BTC, it definitely helped and supported me in various of ways. Though I do learned the hard-way that HODL is the key, spending my BTCs weekly would significantly help me with my monthly expenses as a post-graduate student!

rozak

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Quote from: kro55 on November 26, 2021, 03:11:16 PM

Nowadays it is not a problem to receive a small payment via Bitcoin, but making payments in Bitcoin for big money is a bit of a hassle because of its high volatility, which is why companies are reluctant to accept Bitcoin as a payment method. Maybe in the near future, there will be an alternative solution to this problem.

I think every country has started to realize how they use digital financial transactions. although that would be tantamount to transferring their fiat to someone else. transactions are still not transparent. a lot of people I think avoid transparency.
I guess what if a crypto development solution for the country's currency. with blockchain, I think things will become more transparent. and can avoid volatile bitcoin transactions to date.
I mean, it's not bitcoin that is used as the primary currency for transactions. but there are other more stable digital currencies like USDT on the blockchain network.

I thought about what it would be like when everyone no longer carried fiat for transactions. just bring a smartphone or smartwatch for transactions that can be used worldwide. it would be a very remarkable achievement of technological development. and every transaction can be monitored by anyone.

ropyu1978

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the crypto world is a long-term investment, so there are many enthusiasts to continue to invest in digital currency because this is a business or business that is projected through digital currency so that it can invest in a period of time that we cannot determine, so this is what makes many enthusiasts to continue to be in bitcoin for a long period of time, especially considering bitcoin is an investment that is very transparent and open if a miner wants to withdraw all assets from the world to it then he can do it in an indefinite time so he is free to withdraw his assets of the digital currency

Rengga Jati

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Quote from: livingfree on November 26, 2021, 03:53:37 PM

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

That's right, we can have our own choices and we can also choose both for living.
If we can use or get advantages or benefits from both, why should choose one.
Living on crypto only may be very complex and we may not be able to do it fully right now.
So, just utilize what we can do with crypto, maximize it and still use the offline and common living styles as usual.
We may be ready to use all in crypto, but the country and environment may be not. We must also consider about this.

livingfree

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Quote from: Cling18 on November 26, 2021, 11:23:40 AM

As for me, we couldn't live in crypto unless there's a complete and total adoption of it. If not, we will still be needing conversion and bank withdrawal services for us to use our funds to sustain our necessities. Yes, it provides convenience but Bitcoin still needs more adoption so we could switch to it as a currency and not just an investment.

There's a need to convert as always for those people that don't have a community near them that has 100% adoption of crypto.

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

kro55

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Quote from: rozak on November 26, 2021, 09:45:44 AM

Quote from: n0ne on November 21, 2021, 06:00:32 AM

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

that sounds very interesting. how can that happen in my country which until now prohibits bitcoin as a transaction tool? all because regulations are harsh and do not adapt to technological developments. because most people are still fiat-oriented.

The main responsibility of those who have knowledge about Bitcoin is to impart knowledge to those who do not know. We should Bring Bitcoin into the spotlight through various social programs and campaigns. You said the people of your country are fiat-oriented, It is very normal, not only you but also every country's people are more likely fiat-oriented. You cannot erase the conventional currency at a glance. They will gradually move away from fiat. The younger generation is more accustomed to using digital currency than fiat money. Maybe after another decade, fiat money will no longer exist, who knows!

Quote

it will be very nice when we receive a salary from the company in the form of bitcoin. we can pay for transportation with bitcoin. buy essentials with bitcoin. even pay for school with bitcoin. This is highly anticipated for the development of the open world towards a new, more useful ecosystem.

Nowadays it is not a problem to receive a small payment via Bitcoin, but making payments in Bitcoin for big money is a bit of a hassle because of its high volatility, which is why companies are reluctant to accept Bitcoin as a payment method. Maybe in the near future, there will be an alternative solution to this problem.

Cling18

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As for me, we couldn't live in crypto unless there's a complete and total adoption of it. If not, we will still be needing conversion and bank withdrawal services for us to use our funds to sustain our necessities. Yes, it provides convenience but Bitcoin still needs more adoption so we could switch to it as a currency and not just an investment.

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Quote from: rozak on November 26, 2021, 09:45:44 AM

Quote from: n0ne on November 21, 2021, 06:00:32 AM

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

that sounds very interesting. how can that happen in my country which until now prohibits bitcoin as a transaction tool? all because regulations are harsh and do not adapt to technological developments. because most people are still fiat-oriented.

it will be very nice when we receive a salary from the company in the form of bitcoin. we can pay for transportation with bitcoin. buy essentials with bitcoin. even pay for school with bitcoin. This is highly anticipated for the development of the open world towards a new, more useful ecosystem.

Crypto being a legal tender still has a long way to go, and it's also full of hurdles to overcome before that happens and that's what most people expect to be able to fully accept and give using crypto or bitcoin like fiat.
Bitcoin has a long way to go, so it's possible that countries will gradually accept it, arguing that they can't stem the ever-increasing growth of users and the ever-expanding developments that are finally being considered.

rozak

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Quote from: n0ne on November 21, 2021, 06:00:32 AM

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

that sounds very interesting. how can that happen in my country which until now prohibits bitcoin as a transaction tool? all because regulations are harsh and do not adapt to technological developments. because most people are still fiat-oriented.

it will be very nice when we receive a salary from the company in the form of bitcoin. we can pay for transportation with bitcoin. buy essentials with bitcoin. even pay for school with bitcoin. This is highly anticipated for the development of the open world towards a new, more useful ecosystem.

Nutrient

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I have my reservations about ‘living on crypto’ because except you probably live in a country like El Salvador, you’d still need Fiat.

DaveF

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So I decided to try something. Can I do 30 days of living on crypto. Using Bitrefill & coinsbee for giftcards and my Coinbase Visa.
Made it from Nov 1st to today with one small exception the other day when I handed a friend some cash for something, since he paid with his own cash.
Without the Visa I would have been dead in the water since there are so many places that you can't get giftcards for. But it was doable.

Because of today being BlackFriday I am going to spend a lot on other credit cards for the discounts / extended 0% interest offers.

Will probably try it again in January to see how far I can really push doing it.

As for 100% crypto / no cash or credit or gift cards. Can't really be done in my situation and location.

-Dave

n0ne

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With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

carlfebz2

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Quote from: hichamito37 on September 20, 2021, 05:49:07 AM

Personally, I don't want to live on cryptocurrencies for a very simple reason, price volatility. So today if bitcoin price is very high and it is my payday I will get less bitcoins. I think it would be much better if you deposit all your savings in Bitcoin. If you trade every day, there will be a lot of risk of loss.

A matter of choice actually because no matter what you do then volatility would always be there and its up to someones will whether they would be dealing on living with it or not basing on their own will.

If you could able to deal with volatility then you would really be accepting with any terms you are into as long you do able to accumulate and made out profits with that then its your choice.

One things for sure is that making profits could really be possible if you do know on how to deal with it.

rizqoAD

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I personally live with Bitcoin and crypto only as an investment or trade, because the high volatility makes Bitcoin unsuitable for use as a payment method. Moreover, in my country Bitcoin cannot be used as a means of payment, but exists only as an investment in a cryptocurrency exchange. Currently every day I am in the crypto world as a full time job where I rely on Bitcoin trading as income so I rely heavily on Bitcoin and cryptocurrencies. Everyone must have a different story because basically we use Bitcoin for needs and jobs for those who want to profit in the crypto business.

syedakhlaque

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Bitcoin or crypto is not a regular or global currency today. In the future, it may be possible. Today's question is That "What would you consider living on crypto or not. I think it is possible because crypto has an exchange in USDT or other local currencies. So your income in Bitcoin or cryptocurrency can be used to fulfill your requirement. Even crypto is going to be cash in the countries where it is legally allowed this time. So this is declared that living on crypto is possible.

CDC AP

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For now, any way that allows spending Bitcoin is a good one. It can be a debit card, a payment system or anything else. I'm currently at the stage of converting to fiat in order to use the money, but I wouldn't be doing it if direct spending became an option. In my country, there is only a handful of places where one can spend Bitcoin, and these are not places selling what I usually buy, so it's not very helpful. If, however, supermarkets started accepting Bitcoin as payment (going directly from a BTC wallet), I would use it directly, especially at times when the fees are reasonable. I don't mind the volatility that much, but the fees can sometimes be a problem.

syedakhlaque

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Some people use Bitcoin as a full-time business. They believe that they can earn much through Bitcoin. They have good capital and investment to spend and earn. Having belief in it, they make good money through Bitcoin trading or stalking. There are many people in my relation who are doing so.
But on the other side, some people are not totally depending on Bitcoin, They adopt it as a part-time business or side business. They are doing work, Jobs, or services on some post but having love with bitcoin they do trading , stalking or something on Bitcoin. I am also one of them.

S4VV4S

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before someone jumps into the business world, of course they have thought carefully about how the performance of the business world they will be involved in, especially regarding the future of the business, but for me the world is very safe for us to invest where the world has succeeded in becoming a good investment. is long-term and so transparent.so that it can allow miners to linger in the crypto world

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