Topic: What would you consider living on crypto? - page 7. (Read 1283 times)
Bitcoin and other cryptocurrencies for now certainly cannot be fully used to make payments, especially considering that currently many governments are still limiting the circulation of bitcoins in their countries to make transactions and payments, making it impossible for us to live with cryptocurrencies completely, if without us exchanging at all with conventional currency.
Bitcoin and other cryptocurrencies for now certainly cannot be fully used to make payments, especially considering that currently many governments are still limiting the circulation of bitcoins in their countries to make transactions and payments, making it impossible for us to live with cryptocurrencies completely, if without us exchanging at all with conventional currency.
Although we can not use bitcoin and other cryptocurrencies to make payments, we can still convert it into fiat money by selling it into exchanges to have money to buy our daily needs. Maybe we need to wait until the government accepts crypto to start to use crypto to be the payment method. Until that time comes, convert it into exchanges is the only way that we can have. Right now, we can use crypto as our investment to prepare for our future. 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
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
As for me, it is better where there is a convenient and affordable use of funds. But here you need to correctly understand that if you are talking about using Bitcoin and cryptocurrencies in general as money, then very little has been done for this. For example, if there are points where you can buy goods for BTC and other cryptocurrency, then there are very few such places. In this case, banks win, since with the help of their services you can pay for any product in any store. As for making a profit, this is where there is a fork, where some want to invest in BTC and other cryptocurrencies, since they bring more profit than assets in the bank, and you also own your own funds, and in the bank your funds are protected bank, which at a not very good moment can become a problem to receive them. It is also worth considering the inflation of money, which is gaining momentum right now.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
This is what we dream of, isn't it? Because the bank continues to print money and control your financial surplus. Living with crypto will get us out of the bad, but I would choose to go hand in hand between paying bitcoin/crypto for advanced needs and using fiat for real-life scenarios.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.
so what about in future? you will still hold? lol Bitcoin or crypto is meant for payments or other form in which tradable , so if you will just hold it then you are going nowhere . 
it's hard to live with crypto only in my country. crypto users will have to convert their coins to fiat before they could spend, there is no way we can spend bitcoin directly since there are only a few stores that accept BTC.
for the people who considers BTC to be an investment, its gonna be hard for them to let go of their BTC. they expect the price to shoot to the moon so why would they spend it when it's going to be worth a lot later.
I have the same difficulty as you, can't spend Bitcoin directly to buy daily necessities. It's not that there aren't many shops that accept Bitcoin
payments, but in my country using crypto is only allowed as a digital asset. So the government of my country forbids using Bitcoin as payment,
nor can we live solely on investing in crypto. We know it's very difficult to earn a steady income from investing in crypto, so for now I really can't
rely on crypto for a living. I still have to work in the real world to be able to earn a steady income, and the extra money I have I can use to invest
in Bitcoin. So for me crypto is just my retirement plan in the future, hope the Bitcoin price rises very high in the future and can enjoy the results.
it's hard to live with crypto only in my country. crypto users will have to convert their coins to fiat before they could spend, there is no way we can spend bitcoin directly since there are only a few stores that accept BTC.
for the people who considers BTC to be an investment, its gonna be hard for them to let go of their BTC. they expect the price to shoot to the moon so why would they spend it when it's going to be worth a lot later.
To be honest, when I first entered the field of encryption, I had the idea of getting rich, because I was not satisfied with my current status quo. I wanted to have more and achieve more, so I got more gains on the basis of now, and entered After the market, I experienced the fun and benefits. I like this better. I can challenge myself and let me be at the forefront of the field that many people don’t understand.
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.
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.
This topic has already been discussed many times. The majority agreed that it is still almost impossible to use one cryptocurrency, since not all goods and services can be paid in cryptocurrency. And there is no reason to do it. You need to use all types of currencies, depending on how profitable it is to use them in a particular situation. State currencies and cryptocurrencies have their own advantages and disadvantages. It is necessary to take advantage of all their types and convert one to another if necessary.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
This is what we dream of, isn't it? Because the bank continues to print money and control your financial surplus. Living with crypto will get us out of the bad, but I would choose to go hand in hand between paying bitcoin/crypto for advanced needs and using fiat for real-life scenarios. 
No i would not consider living only on crypto. Yes I do love crypto more than any thing else right now but we need fiat as well. Especially In a country in which i live we cannot survive only with crypto.
We need banks here and fiat money for our daily lifestyle.
We need banks here and fiat money for our daily lifestyle.
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.
actually all of us i guess wanted to stay away from banks that's why we are here though others has no options because of their countries policy so still engaging in banks up to now.Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
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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?
if how you consume that conversion mate will decide if you are living in crypto or not, as long as the consumption regulates accepting crypto then that is it.Quote
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 have been putting some of my funds in banks whenever i sell my crypto for profiting but maintaining my capital inside crypto for buying back strategy. Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
-Dave
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?
Not only this is not living on crypto but also it is the worst way of going about using cryptocurrencies (assuming bitcoin and assuming decentralized). Because you would be bringing back all the centralized problems that bitcoin removed and in my opinion there is no point in using bitcoin in first place if you are going to rely on banks (or any other centralized third party service) again. 
There will obviously be some transfers or exchange to fiat that will happen along the way if one decides to live by only using cryptocurrencies. They will be forced by situations to use fiat even if they don't want to, as that's what their current situation requires. Personally, I don't think someone could live off of crypto alone in our current times, even if crypto has already received a lot of recognition from big names in the world's stage. It will take some more time before anyone can live off crypto alone. There are some places in the world wherein crypto is widely accepted, but the stores and all those stuff are offering products and services that are pretty niche and, most of the time, not really part of one's basic necessities in order to survive.
Amazon can use Bitcoin gift cards, and you can use Bitcoin on Amazon.
If the price of Bitcoin does not fluctuate greatly, then I will choose to use Bitcoin for payment.
Now I just invest my extra money in Bitcoin. I haven't used shopping yet. I believe that the price of Bitcoin will get higher and higher. When it reaches its peak and no longer fluctuates, I will use Bitcoin for daily payments.
If the price of Bitcoin does not fluctuate greatly, then I will choose to use Bitcoin for payment.
Now I just invest my extra money in Bitcoin. I haven't used shopping yet. I believe that the price of Bitcoin will get higher and higher. When it reaches its peak and no longer fluctuates, I will use Bitcoin for daily payments.
I am not working in the real world, not as an employee or others. Ima only working in crypto (bounty) and also do trading.
I can get money from crypto-only, moreover in this pandemic era where there are still many limitations in my country so that I still cannot work outside.
SO, I am only working and getting income from crypto.
I commonly cash out money to my bank account in order to fill my daily needs, monthly, and also all necessary.
Is this also called living on crypto?
I can get money from crypto-only, moreover in this pandemic era where there are still many limitations in my country so that I still cannot work outside.
SO, I am only working and getting income from crypto.
I commonly cash out money to my bank account in order to fill my daily needs, monthly, and also all necessary.
Is this also called living on crypto?
That's quite hard to live in a day to day crypto life but I think that Didi Taihuttu is the one that has been doing this for years after he has sold his properties and went full in crypto.
To me, I just can't do that as there's no massive adoption where I am at but if that's possible to get hair cuts and pay them with some sats, that's an amazing community where I live at, only if that happens.
To me, I just can't do that as there's no massive adoption where I am at but if that's possible to get hair cuts and pay them with some sats, that's an amazing community where I live at, only if that happens.
We could all live on crypto but it's still hard to do it since there is still the need for banks. Hard to find stores that accept BTC still unless the adoption had widely spread that local stores accept crypto.
There was a family who did it, a guy named Didi Taihuttu who turned his family into living proof that it's possible. Seems ahead of time but they made it. Moving to countries like Japan or El Salvador could make it easy.
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What I think is - If a minority of people does that then there's won't be much of a problem for banks to interfere but when that majority of people starts to switch to crypto from Banks then it will create many problems related to taxing, Remember Tax is very important for a country to run even if you don't like paying it.
And if a majority of people start to evade that then government will interfere and will realize how hard it is to keep track of crypto payments, Taxing it would be very hard and someone can easily evade taxes. Then government might consider banning bitcoin and Hurrrayyy for Banks.
And if a majority of people start to evade that then government will interfere and will realize how hard it is to keep track of crypto payments, Taxing it would be very hard and someone can easily evade taxes. Then government might consider banning bitcoin and Hurrrayyy for Banks.
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