Topic: What would you consider living on crypto? - page 3. (Read 1337 times)
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.
I wouldn't want to live on cryptocurrency at all, rather I prefer it as a trading asset which works just fine for me. The everyday price change wouldn't help anyone in actual public use apart from trading.
Lol trading crypto as your living job is also a crypto living , where did you get the funds spent daily? from your trading right? so that means you are already living in crypto this way.don't make it harder to accept because crypto for us who stays in this forum are starting to understand how to live a life in crypto .
I want to live on crypto but it is not possible of extreme volatility . Before you put your money into the still highly volatile asset, however, there are three helpful things to consider, according to financial and behavioral experts. Prepare for all ups and downs because it must be happened . Living on crypto fearlessly and always perfect timing to trade.
when the right time comes and we already accept bitcoin as like what EL Salvador does? then for sure volatility won't matter at all because the prices will be based on crypto and not fiat.
Living on cryptocurrencies is when you use it every day and not using it once in a while to prove that you can use it as a daily currency. I do not think it is a good idea to fully convert to Bitcoin yet because there are not enough services which are accepting it. I look forward to the day that there will be more services accepting Bitcoin and we could all start using it as a daily currency but we are not there yet. I think it will be over 10 years until Bitcoin volatility settles enough for merchants to start accepting it as a permanent payment solution. Bitcoin has a long road until it becomes feasible to use as a currency instead of something that you invest in and hold in hopes that you profit. I am not 100% sure if we will achieve the goal of becoming a mainstream currency accepted by everyone.
I want to live on crypto but it is not possible of extreme volatility . Before you put your money into the still highly volatile asset, however, there are three helpful things to consider, according to financial and behavioral experts. Prepare for all ups and downs because it must be happened . Living on crypto fearlessly and always perfect timing to trade.
I wouldn't want to live on cryptocurrency at all, rather I prefer it as a trading asset which works just fine for me. The everyday price change wouldn't help anyone in actual public use apart from trading.
I really don't want to live solely on cryptocurrencies. All I want is rental spaces that I can use to earn extra. If I can rent all my stuff then why not right? Rented spaces are the most perfect form of passive income out there and I want my profits in cryptocurrency tradings to make it happen for me. Imagine if you have 10 rented houses, then you get a very nice profit out of it. Anyway, I am going to stop now, since most of you know the value given by rented properties. It is very satisfying to live in money earned by rent.
Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.
To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.
That's true and I am glad someone highlighted this issue. There are many limitations of BTC that need to be sorted out before we start seeing BTC as main stream payment system. Apart from volatility, Scalability and High fees are also one of main factor that are limiting BTC use in main stream industry.
Moreover my point of view is that BTC value is still measured in USD. BTC still doesnt has its own value. It might look strange but thats what I think about BTC.
Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
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?
*I made this a moderated thread, but it's going to be very lightly moderated if at all. Just to keep the spammers away a bit.
-Dave
I lived in crypto for a while but the reality of its value was unpredictable and made my life difficult, so I chose both as work. both working with a stable paying job and using cryptocurrencies for trading and storage. Do you think the same as I think about this?Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
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?
*I made this a moderated thread, but it's going to be very lightly moderated if at all. Just to keep the spammers away a bit.
-Dave
You're still your own person regarding this but as a piece of helpful advice, don't do this. The price is extremely volatile and being paid in bitcoin alone is already risky. Yes, there is a good possibility that you're going to get some boost in your pay but more often than not this doesn't happen. Not to mention the hassle you'll have to go thru just to be able to convert your crypto into cash that could be used for various establishments. I think this is a good challenge that you could post on social media platforms to raise awareness of what crypto really is but until the market stabilizes, which will take a long time, by the way, I would highly suggest you use fiat in the meantime.
From what i read i think mostly it is already convert the crypto to fiat before spend it. And for me, no matter in what i get for earning, i will convert it to fiat and then spend the rest to made investment. I think fiat and digital fiat in all over the world is more simple than we convert our crypto first, especially nowadays there are a lot of local exchanges and can help us to withdraw fiat into our bank account.
Well that's the main gist of it. You get paid in crypto, you will need to convert it into fiat nonetheless. Until everyone on this planet decides to use bitcoin and cryptocurrencies in general for good, there's no way we could get out of this tiresome and often expensive process. Lightning network offer some promise but I wouldn't count on it. So personally being paid and using fiat for goods is the best way to get around things at least for now. 
From what i read i think mostly it is already convert the crypto to fiat before spend it. And for me, no matter in what i get for earning, i will convert it to fiat and then spend the rest to made investment. I think fiat and digital fiat in all over the world is more simple than we convert our crypto first, especially nowadays there are a lot of local exchanges and can help us to withdraw fiat into our bank account.
consideration to live in crypto, I personally for now is still very difficult to live 100% in crypto, because in the country where I live, crypto money is not yet free, like in El Salvador, and can't buy anything using bitcoin, I have to use another application to exchange bitcoin to fiat currency, because the government in my country still considers bitcoin as an asset to invest, not as a currency..
I admit that I am obsessed with encryption and I am a follower of Bitcoin, but I will not put all my time and hope in the crypto market, because it is unknown and no one can predict the future development. I will not Live your life entirely by encryption, dominate your life with encryption, and choose the way that suits you best.
Yeah in many countries, still it's not possible to with on crypto because they have no facilities or adoption not like we need for living on crypto but in developed countries it's possible because they have already done their own work which is important and here some better legislation and rules allowing them to do this.In our country still it's not possible because we have no adoption and authorities not allowing to use this openly even thousands using this crypto and doing buying/selling directly but buying things for this still need some good time because right now people's not aware with this all, and It's still needed some good knowledge which is not easy for all to adopt very quickly.
It could work in some countries where prepaid cards with Crypto are available and in some stores where GiftCard accept.
But not all countries are prepared so that the population has these payment options.
This future is not far away we need cities modernized with these technologies and therefore citizens educated with these new changes.
From my own experience I can say that I live totally with Bitcoin and Altcoins and that when I need Fiat to buy my food and pay my bills I use a P2P exchange.
But not all countries are prepared so that the population has these payment options.
This future is not far away we need cities modernized with these technologies and therefore citizens educated with these new changes.
From my own experience I can say that I live totally with Bitcoin and Altcoins and that when I need Fiat to buy my food and pay my bills I use a P2P exchange.
Well if you can use Visa debit card in your country, which is possible in more than 200 countries around the world, then they cannot prohibit you to use your crypto Visa debit card. Those cards are around since 2014 and they made it so easy for us to spend crypto offline.
For example in my country, no bank offers debit/credit card that gives you cashback, thats why crypto cards are that much more interesting for us to use.
I didn't leave the bank entirely, but earned from crypto completely. In my country, it is strictly forbidden to transact or shop using bitcoin, it must use the country's native currency. That's why I have to convert it to fiat. However, I feel a lot helped by the economy while in cryptocurrency.
I admit that I am obsessed with encryption and I am a follower of Bitcoin, but I will not put all my time and hope in the crypto market, because it is unknown and no one can predict the future development. I will not Live your life entirely by encryption, dominate your life with encryption, and choose the way that suits you best.
Always been interested in crypto and ways to spend it in the real world. I just want that everyone start accepting it and make an infra which would allow easy expenditure of the same. Last week was on leisure trip in Goa and there were so many foreigners around me who are ready to spend as much money as they want in hotels, beach side leisure, sea foods and shopping and what not! If they start to accept the crypto then the day is not far everyone would be happy. 
This is just out of imagination that how crypto could start to be accepted as international come local current. No barriers at all for any type of country or person. I wanna have such type of experience and for which crypto needs deep rooted adoption for sure.
This is just out of imagination that how crypto could start to be accepted as international come local current. No barriers at all for any type of country or person. I wanna have such type of experience and for which crypto needs deep rooted adoption for sure.
If the cryptocurrency that I will live on is volatile, then I would never want to live on it. Because I will hope that the coin has good times all the time. If it dumps, my coin will start to be worthless in the end. I will be happy only when the price is at least the same as the price I bought the coin at. But if we are talking about stablecoins, then I would like to live on them. But conditions are not so good for this as we are still using fiat the most. When we enter the digital currency era, we will all be living on them.
To be honest, I like the feeling of price fluctuations, but sometimes the fluctuations are very extreme. I had this idea when I first learned about the huge profits of the crypto market, but the reality will not proceed as planned.
Cryptocurrency is only part of our lives, and I don't think we can live alone in encryption.
Cryptocurrency is only part of our lives, and I don't think we can live alone in encryption.
For me, it's everything you are doing are all in crypto, you buy your food and services with crypto, you get paid with crypto and no fiat ever touches you again.
Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.
To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.
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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?
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
For the use as a currency, it's always better to have the reference of USD so that we can ensure that we aren't spending more than the retail price of a product.
1 bitcoin = 1 bitcoin formula doesn't apply here! The price swing still doesn't make bitcoin a spendable currency. If bitcoin price stabilizes, then possibly more people will be interested in using bitcoin as a currency system. But as of now, I personally would want to save every bit of my bitcoins rather than spending it.
I totally agree, for example you are a regular seller and you offer bitcoin as payment. That payment may be profitable today, but you may lose a big amount of money as the exchange of it drop. The price of bitcoin is unstable for now and saving it is the best option.
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