What would you consider living on crypto? - page 4.

worldofcoins

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Quote from: Louis Harper on August 26, 2021, 02:42:43 AM

For me, it is just my investment tool. I do not plan to use it as a payment method. I just want to save it for the future. Although I have my job now and occasionally open positions to buy, I think the future of cryptocurrency is an indispensable part of me.

I think it's easy for you to buy things online like gift cards with bitcoins if you play games online,
In any case, cryptocurrency is getting popular compared to what it was in 5 years of release (bitcoin 2009).

Also, the government is forced by the citizens to lift the bans on cryptocurrencies making it even popular among those who didn't know about it and the news did spread a message about cryptocurrency which lead the people to know about it.

QueenVera

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Quote from: flip4flop on August 25, 2021, 10:57:49 AM

While you can do so much more now than you could just a few years ago we are still quite aways away from being able to live on crypto alone.

This is true because when you look at it, we are yet to achieve full adoption of cryptocurency and this make it hard for anyone wanting to live off crypto to do so that is he/she will be living and spending crypto everyday. We do not have the full facility yet. Living off crypto should mean you do not have to under KYC verification and all the procedure since you should be transaction anonymously.

The only facility available now will require you to give up your privacy to be able to spend Bitcoin daily and that is not what should be happening.

raji1995naya

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When I initially started working in the subject of encryption, I had the goal of becoming wealthy since I was unhappy with my existing situation. I wanted to have more and achieve more, so I increased my current gains and entered the market. Following the market, I was able to enjoy the enjoyment and advantages. This is more appealing to me. I can push myself and be at the forefront of an area that many people are unfamiliar with.

matjas

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Quote from: verita1 on September 04, 2021, 07:05:05 PM

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.

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.

cabron

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Quote from: eXtremal on September 05, 2021, 08:49:29 PM

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.

For now, I think we can not leave the bank completely but if the adoption is massive that we can find local stores accepting cryptocurrencies, we may be able to find living on crypto comfortably. You won't have to go withdraw from ATMs anymore and all you wait for are coins to land on your wallets especially if you are staking some of them. I think if El Salvadorians will also accept other coins like ETH, BNB and ADA, people will also try to accumulate these tokens when it circulates in the country.

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Quote from: DaveF on August 25, 2021, 07:38:16 AM

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 / Con base 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?

-Dave

Living on crypto is not applicable for everyone. Maybe only a small percentage of it since it allows us to earn more than enough to what we need. Considering the volatility of the market, it could crash anytime just like what happened a few months ago. Moreover, cryptocurrency is not considered a legal tender especially here in my country so I still need to convert it to fiat currency to buy goods and services.

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Quote from: DaveF on August 25, 2021, 07:38:16 AM

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?

-Dave

That is very good idea, wishing that in the future that will finally be happen. That is very much appreciated for BTC users and that will be more conveniet to use. No more necessary transactions in all but onl8ne transactions will be done immediately. That is very great idea and hope to see that kind of scenario of bitcoin in the future.

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Quote from: ElmedoRator on September 04, 2021, 01:58:25 AM

I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

You are right, in life we don't need to think too far ahead, we don't know if bitcoin is still worth 10 years from now or not, it's all hard to guess, when Nokia and Blackberry invested heavily in early 2010 they couldn't compete with smartphones Android-based , currently bitcoin is still valuable and we should get great benefit from bitcoin.

Spack17

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In today's world, it doesn't seem very possible to live on crypto unless your government decides to make it legal tender. Because cryptocurrencies are still not used everywhere. You can't pay your bills with cryptocurrencies for example. Or you can't buy anything you would like with even Bitcoin now. As long as fiat is used as the global currency, cryptocurrencies will not have this chance as much as fiat. However, this won't go on like this forever too. After digital currencies take the place of fiat in the future, we will always be using digital ones.

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Quote from: DaveF on August 25, 2021, 07:38:16 AM

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?

-Dave

I really wish that i could avoid the paper money and banks and live only on the crypto but practically it is not possible. There is no way we can use bitcoin publicly if the government does not make it legal.
Also people do not have enough knowledge about bitcoin.

Xinarae*

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If you can invest in bitcoin in the right way then it is possible to realize your dream. Although many countries around the world do not support bitcoin considering its high value they are thinking of investing having a good idea about crypto and understanding its markets will make life much easier in crypto is more profitable than fiat currency and if the demand for crypto continues to grow in this way, fiat will become more popular.

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Quote from: Obito on September 05, 2021, 04:54:59 AM

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.

Is that even possible, if you're never going to touch fiat ever again then you'll be unable to buy quite a lot of your needs, which means you'll not be able to survive, it's a cool ideology if we ever get to the point were we can use crypto for basically everything, a point were all payments and purchases can be made either in fiat or in crypto, but for now it's simply not possible until mainstream adoption becomes a reality. The most you can do now is to hold all your finances in crypto and then you will have to convert some of it to fiat every now and then to meet some of your basic needs in RL.

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Quote from: Kodok Bencot on September 04, 2021, 02:44:00 AM

Quote from: ElmedoRator on September 04, 2021, 01:58:25 AM

I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

You are right, in life we don't need to think too far ahead, we don't know if bitcoin is still worth 10 years from now or not, it's all hard to guess, when Nokia and Blackberry invested heavily in early 2010 they couldn't compete with smartphones Android-based , currently bitcoin is still valuable and we should get great benefit from bitcoin.

I agree with you, I see too many people living in the past and the future. Just simply, being satisfied with what we have, everything will always be the way we want it to be.
This society will always develop, good or bad is also our choice, no need to look too far away from the things that have not yet come, the motivation of life is necessary to make things more meaningful but should not be changed it becomes self-pressure.

verita1

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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.

ElmedoRator

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I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

Om.monata

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Quote from: Yogee on August 25, 2021, 08:43:05 AM

It seems difficult at the moment to live 100% on crypto and purchase things without the use of third party app that converts BTC to fiat. It would be a nice experience living in an environment where crypto is actually recognized like El Salvador.

The classic problem is that countries don't allow crypto to exist. today there are still many countries that are pro and contra against crypto, especially bitcoin. living with 100% bitcoin is just a dream that has not been realized until now.

clint25n

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Of course this is inseparable from bitcoin itself which is long-term and so transparent.and that also makes bitcoin an investment that makes miners want to linger in the crypto world so that they are free and free to carry out an investment for the future to come

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Quote from: Smartvirus on September 02, 2021, 09:44:41 AM

We had a similar discussion on this in our Nigerian Local Board under the other languages Board just a while back. It was some worth about living on crypto in contrast to the necessity of these banks. I think the bone of contention came up with the displaced persons from Afghanistan following the crisis who have got to live the nation and there wealth behind both in banks and property to avoid the Talibans rule

In that aspect, crypto seemed a lot preferable as it's got no definite place or locality to it but still, not all merchants are suffisticated enough to be hooked on crypto for payment. There are rural areas where the android phones that might be common to you are lacking. Not to talk about cryptocurrency that is even suffisticated to the most learned person.

There is no way we are going to live without fiat currency so, should you be receiving payments or prefer savings in cryptos, its a good thing but, fiat and banks is till very necessary and useful.

It would really be difficult for people to easily accept Bitcoin as payment also as mode of payment for salaries, taxes, and other transactions that is common with fiat today. As you have mentioned the technology implemented for payments and solely based on fiat currency so it will be a challenge for them to adopt cryptocurrency. Maybe it can be applied to lesser valued cryptocurrencies that are not expensive and still be used as payments.

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Quote from: Digitalbitcoin on September 02, 2021, 05:42:58 AM

As human being, we need basically three things to live on a planet with own terms, and that are food, shelter, and cloths. All other things are manmade for enhancing a better life experience.

Basic needs can be fulfilled by purchasing them, for this it requires purchasing power. To have more purchase power, a person has to have more assets, which can be used to exchange to purchase necessary things.

And here crypto comes to make a difference in an ordinary person's life. As its electronic currency, anyone having talent can earn crypto using their own skills to increase their earnings in crypto to live a better life.

It's true that at least crypto brings a different influence in this life. At least bring good influence for me especially . Because of crypto at least I have realized my small dream to be able to buy a house. Although on the other hand we are always faced with big risks, but if we are good at managing losses, they can be minimized.

willhuber

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Living on crypto has its benefits as well as downsides. I can’t think of living entirely on crypto, unless every firm starts accepting payments in crypto and the government offers less resistance towards cryptocurrency. But I can't even ignore it, it is going to be the most obvious future. Until then a mix of crypto and fiat money is good.

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