Since Bitcoin transaction fees increasing up I feel bad when using bitcoin to make purchase, many store not available sending trough lightening network and have to send trough Bitcoin address make us difficult how to increase faster transaction process but need more than $5 until 8$ for paying fees transaction. Stop awhile using bitcoin to make purchase and all transaction payment with altcoin but looking with network have lower fees and some time I use fiat for purchasing.
I don't have ideas what did by people have business with Bitcoin as payment transaction when fees up and how they can manage with their costumer keep getting lower fees transaction.
Topic: When using Bitcoin to make purchases, do you feel bad? (Read 332 times)
I have the same problem. I think It's because we already got used to treating Bitcoin as an asset to invest in, not actual money to pay with.
Bitcoin is still undergoing transformations to become a new currency, so we still need some time to accept that bitcoin is not just stock to invest in, but the money of freedom that won't be controlled.
When I want to pay for something with BTC I'm thinking about its price and feel like "why am I spending it right now? It will go up and I will have more money if I will just hold it." So yeah, I have the same problem haha
Bitcoin is still undergoing transformations to become a new currency, so we still need some time to accept that bitcoin is not just stock to invest in, but the money of freedom that won't be controlled.
When I want to pay for something with BTC I'm thinking about its price and feel like "why am I spending it right now? It will go up and I will have more money if I will just hold it." So yeah, I have the same problem haha
Since bitcoin was created, bitcoin has been the currency of the world, it doesn't need extra time to convert into currency. If you are looking at bitcoin as an investment, it is your behavior towards bitcoin, bitcoin is not quite an investment. But for bitcoin to become the unregulated world currency, it will be very difficult to do. I mean, bitcoin is already currency, but to be legal and recognized by the government, that will never happen.
You can treat bitcoin as an investment and not need to spend it, as it is your bitcoin, but there is nothing wrong or unpleasant about using it instead of fiat.
I have the same problem. I think It's because we already got used to treating Bitcoin as an asset to invest in, not actual money to pay with.
Bitcoin is still undergoing transformations to become a new currency, so we still need some time to accept that bitcoin is not just stock to invest in, but the money of freedom that won't be controlled.
When I want to pay for something with BTC I'm thinking about its price and feel like "why am I spending it right now? It will go up and I will have more money if I will just hold it." So yeah, I have the same problem haha
Bitcoin is still undergoing transformations to become a new currency, so we still need some time to accept that bitcoin is not just stock to invest in, but the money of freedom that won't be controlled.
When I want to pay for something with BTC I'm thinking about its price and feel like "why am I spending it right now? It will go up and I will have more money if I will just hold it." So yeah, I have the same problem haha
It depends on what you purchase or pay for, if the thing we buy is badly needed them we don't need to feel bad because that is for our own good. But if we use bitcoin to purchase things that is not useful then there's a possibility that we will feel bad at the end of the day we need to think 3x before using bitcoin to avoid regrets in the near future.
If you feel uneasy using BTC for trading, then you can consider converting the amount you want to spend into a stable coin.
As for the guy that used all his BTC to buy just one pizza, though it looked stupid and foolish, but it means a lot. That was the first BTC trade, if I am correct.
As for the guy that used all his BTC to buy just one pizza, though it looked stupid and foolish, but it means a lot. That was the first BTC trade, if I am correct.
In my view it's much better to buy a pizza (they were 2 large ones) than some altcoin.
Bitcoin is money, and you can use it to buy things you need like food.
You can also save in Bitcoin, or sell Bitcoin for other assets like a house, etc.
But selling Bitcoin for an altcoin, or fiat, seems a bit odd to me.
Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
The majority of us who own bitcoin do so for financial gain; none of us will want to spend it if our profit goals have not been met.So as for me, if I don't reach my goals, spending my Bitcoin will be dreadful for me. However, the only time I can spend my Bitcoin in a way that makes me feel somewhat at ease is when I spend it on items that are so valuable that I have no choice but to spend it at that specific moment. If I may add, the man who spent 30 Bitcoins on pizza may not have imagined that the price of Bitcoin would soar to the heights it did so quickly; otherwise, he might not have done so. but the fact is that some people are using it for their daily bases because they have many of Bitcoin in their wallets.
This is true, I also believe there won't be too many people willing to spend their bitcoins in their daily life, even those who are saying that there's nothing wrong with using bitcoin to make purchases because it's money. What they say is not wrong, but even they themselves wouldn't do it. We all want to be rich, and bitcoin is a very good growth asset, everyone knows that, so no one will feel comfortable spending such a precious asset.
There are still some people who use bitcoin as a currency and they don't see bitcoin as an investment to get rich. But honestly, there aren't too many people like that here or in the crypto market.
only few of them like those business owners they usually use it to make purchases also and didn't see bitcoin as an investment but we our selves are thinking only about profit and the reasons behind why you purchase one is that youll gain profit in the future. What I've also noticed even Bitcoin was was a payment method people see this still as an investment because of its current price but no matter whats the purpose on it lets just continue using Bitcoin no matter whats our purpose is.
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Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
The majority of us who own bitcoin do so for financial gain; none of us will want to spend it if our profit goals have not been met.So as for me, if I don't reach my goals, spending my Bitcoin will be dreadful for me. However, the only time I can spend my Bitcoin in a way that makes me feel somewhat at ease is when I spend it on items that are so valuable that I have no choice but to spend it at that specific moment. If I may add, the man who spent 30 Bitcoins on pizza may not have imagined that the price of Bitcoin would soar to the heights it did so quickly; otherwise, he might not have done so. but the fact is that some people are using it for their daily bases because they have many of Bitcoin in their wallets.
This is true, I also believe there won't be too many people willing to spend their bitcoins in their daily life, even those who are saying that there's nothing wrong with using bitcoin to make purchases because it's money. What they say is not wrong, but even they themselves wouldn't do it. We all want to be rich, and bitcoin is a very good growth asset, everyone knows that, so no one will feel comfortable spending such a precious asset.
There are still some people who use bitcoin as a currency and they don't see bitcoin as an investment to get rich. But honestly, there aren't too many people like that here or in the crypto market.
~snip~
Anyone who holds Bitcoin today is free to spend it on the things we want and nothing can stop us. Now, if anyone has used bitcoin for pizza these days, how does he know that Bitcoin will rise to the level it is today.
Because maybe the person who made bitcoin pay for the pizza had a lot of Bitcoin at that time, it was like a coin or a small amount at that time. So of course it won't feel terrible either because the value of Bitcoin was really low during the years when it was still cheap.
Anyone who holds Bitcoin today is free to spend it on the things we want and nothing can stop us. Now, if anyone has used bitcoin for pizza these days, how does he know that Bitcoin will rise to the level it is today.
Because maybe the person who made bitcoin pay for the pizza had a lot of Bitcoin at that time, it was like a coin or a small amount at that time. So of course it won't feel terrible either because the value of Bitcoin was really low during the years when it was still cheap.
Absolutely.
At the end of the day spending Bitcoin or fiat is the same because at that time they are worth the same. You can exchange one to the other at the exchange rate of the day and it wont make any difference.
The main difference is in which way you save your money for the future.
Saving money in fiat is a bad idea as it devalues over time. Saving in Bitcoin is a better idea, and you can also save your money in different assets. Saving in fiat is the issue.
I personally have that a little bit of feeling bad when using bitcoin as payment for something since there is that thought of possibility that you maybe are making mistake of selling your bitcoin or using it as a payment. Given the volatile nature of bitcoin, you might be happy in a way that when the btc prices goes down, the price of your selling or in making purchases would be of higher value than it used to. So, all in all, it certainly is a personal take on it since others might get used to spending btc as a payment method since they have stable investment on it that really makes profit. But for most, I think they would stick to holding it and just spend it whenever it becomes significant higher in value.
Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
Anyone who holds Bitcoin today is free to spend it on the things we want and nothing can stop us. Now, if anyone has used bitcoin for pizza these days, how does he know that Bitcoin will rise to the level it is today.
Because maybe the person who made bitcoin pay for the pizza had a lot of Bitcoin at that time, it was like a coin or a small amount at that time. So of course it won't feel terrible either because the value of Bitcoin was really low during the years when it was still cheap.
Well, to me, what is most important is your current financial status and what your needs might be. Secondly, your consideration should be, if there is a need to spend, how long will it take to get money to purchase Bitcoin before another rise in Bitcoin price. If all this issues can be sorted out, then you will be on the good side on what to do with your bitcoins. How you feel about the spending and holding of bitcoins depends on this factors.
I truly want to hold Bitcoin and wait for its price to rise. My intention is to sell it when the price reaches a new high. Sometimes you have to spend your bitcoin because you don't have any other funds, so you sell your bitcoin to fiat to get what you need. I feel bad when I came in this situation, because I really don't want to use it.
And now, there are some establishments already who are accepting Btc payments. Ofcourse, it's efficient to buy goods through Btc payments than to convert it to fiat before buying goods but it really feels bad to do it.
And now, there are some establishments already who are accepting Btc payments. Ofcourse, it's efficient to buy goods through Btc payments than to convert it to fiat before buying goods but it really feels bad to do it.
If you have some stablecoin and you also have some Bitcoin, what's the difference between spending the Bitcoin and spending the stablecoin? If you spend your Bitcoin, you could refill your wallet by converting your stablecoin to Bitcoin. That way, you're somehow helping Bitcoin's adoption as a currency and you still end up with the same amount of Bitcoin. If you spend your stablecoin, your Bitcoin remains intact but you missed contributing a little for Bitcoin's adoption.
But at this point particular point when even a low priority transaction means you will have to pay hundreds of Sats per vByte for your transaction fee, I guess you better spend your stablecoin. Anyway, the fiat currency on which its price is pegged is also losing value non-stop. It's pointless to keep them for a long time.
But at this point particular point when even a low priority transaction means you will have to pay hundreds of Sats per vByte for your transaction fee, I guess you better spend your stablecoin. Anyway, the fiat currency on which its price is pegged is also losing value non-stop. It's pointless to keep them for a long time.
Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
That man is Laszlo, and he paid 10,000 BTC for 2 large pizzas. Here is the actual topic from this forum: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137
The key thing you need to think about is that what matters is in which way you save money, not the type of money that you spend. Because if you spend 100 US dollars, or the equivalent in Bitcoins, or in any currency, it doesn't matter because you spent it. You no longer have that. So, the key thing to remember is to consider in which way you save money.
So, if you want to spend Bitcoin and save Bitcoin, then you can simply buy more at the time you spent them. Since the exchange rate at the time of purchase is the same, it doesn't really matter in which currency you spent the money, it only matter in which currency(or investment instrument) you are saving.
For me, it will always depend on my goal, if my goal is for investment long term, then I really feel bad if ever my Bitcoin is being used for any purchases.
But if I decided that it's ok to use Bitcoin in my daily lives or on the thing/service that can really help me, it's all good for me.
But if I decided that it's ok to use Bitcoin in my daily lives or on the thing/service that can really help me, it's all good for me.
Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
It is very convenient to transact with Bitcoin and I like Bitcoin products. It's really nice that many places accept bitcoin payments and also accept payments by other cryptos in the current era.However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
I love buying products by investing bitcoins. But you said a person bought a pizza with more than 30 bitcoins, but this is not the case. Rather, in 2010, a person named Laszlo Hanyecz bought two pizzas with 10,000 bitcoins, which at the time had a market value of $41. But what I think is most impressive is that he was the first person in the world to buy goods using the virtual currency Bitcoin. Because of which Bitcoin has gained so much popularity today and various products are being bought with Bitcoin. But if I have bitcoins now I will definitely hold them for the future. I will definitely use all my other crypto or stable coins to buy any other products.
Whether we use it in the bull/bear market, this gonna get used for our need. So, nothing to worry about it. If we were worrying on it, forever we can't make use of it and we keep on adding keeping it idle. Someday we'll have good volume of bitcoin, and the portfolio value will be high, but we don't have the energy to enjoy the moments.
Unlike the price I prefer buying things cashing out bitcoin based on the emergency need of that particular think. If that is unnecessary surely I won't, I'll try to convince my family or postpone the plan.
Unlike the price I prefer buying things cashing out bitcoin based on the emergency need of that particular think. If that is unnecessary surely I won't, I'll try to convince my family or postpone the plan.
Why would I feel bad spending my Bitcoin? If I have been able to spend the ones I have, it also means I know how to get more. This thought will make me grind and dine whenever, and spend on things that suit my taste.
So long as whatever am spending it on is an investment and not a liability in the long run, hell yes, I wouldn't feel bad at all.
The will to actually keep some knowing that someday it would be way bigger than it is now, would make me recheck the reason why intend to make the purchase in the first place.
So long as whatever am spending it on is an investment and not a liability in the long run, hell yes, I wouldn't feel bad at all.
The will to actually keep some knowing that someday it would be way bigger than it is now, would make me recheck the reason why intend to make the purchase in the first place.
in our current scenario, i believe it is not smart to use btc for our daily grind. the fees are quite expensive for ordinary purchases. maybe once the network is not congested anymore and you can only pay few satoshis for small purchases. but for now, keep your satoshis with you.
we don't know how long this will last but hoping that it will end soon. this is the reason why small time users can't afford to use this in their payments. not really practical.
Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
The majority of us who own bitcoin do so for financial gain; none of us will want to spend it if our profit goals have not been met.So as for me, if I don't reach my goals, spending my Bitcoin will be dreadful for me. However, the only time I can spend my Bitcoin in a way that makes me feel somewhat at ease is when I spend it on items that are so valuable that I have no choice but to spend it at that specific moment. If I may add, the man who spent 30 Bitcoins on pizza may not have imagined that the price of Bitcoin would soar to the heights it did so quickly; otherwise, he might not have done so. but the fact is that some people are using it for their daily bases because they have many of Bitcoin in their wallets.
Why would I feel bad spending my Bitcoin? If I have been able to spend the ones I have, it also means I know how to get more. This thought will make me grind and dine whenever, and spend on things that suit my taste.
So long as whatever am spending it on is an investment and not a liability in the long run, hell yes, I wouldn't feel bad at all.
The will to actually keep some knowing that someday it would be way bigger than it is now, would make me recheck the reason why intend to make the purchase in the first place.
So long as whatever am spending it on is an investment and not a liability in the long run, hell yes, I wouldn't feel bad at all.
The will to actually keep some knowing that someday it would be way bigger than it is now, would make me recheck the reason why intend to make the purchase in the first place.
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