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 343 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.
I won't spend bitcoins in a bear market, made that mistake long ago! Think it's more of a store of value than a daily spend currency. Appreciate that for people in unstable countries it is a life saver so i hope we do get widespread adoption for their sake
Your Bitcoins are yours and it's up to you to use them for direct payments or not.
Bitcoins with fluctuating prices will significantly decrease and increase in value.
If you're aiming to make bitcoin a long-term investment and profit from it, then hold it and don't use it for any payments until it's converted to stablecoins.
All that is a choice for you, but don't you want to try how to make direct transactions with bitcoin.
It's quite fun and provides a new experience of paying transactions with Bitcoin directly.
Don't think about the value of bitcoin, 1BTC=1BTC.
Bitcoins with fluctuating prices will significantly decrease and increase in value.
If you're aiming to make bitcoin a long-term investment and profit from it, then hold it and don't use it for any payments until it's converted to stablecoins.
All that is a choice for you, but don't you want to try how to make direct transactions with bitcoin.
It's quite fun and provides a new experience of paying transactions with Bitcoin directly.
Don't think about the value of bitcoin, 1BTC=1BTC.
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.
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.
Yes, but if you keep your Bitcoin for ever without ever using it, it also worths nothing. The idea behind the value of something, is that when you trade that something by Bitcoin, it returns you something valuable for you. Either in terms of goods, services or any other. In the end, if you keep your Bitcoin forever, even if it raises its value to 1 million, 10 millions, whatever, if you don't use it for something valuable for you, then it works nothing, if fact! So, Bitcoin needs both. Hodlers and actual users!
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.
If you can completely hold on to your bitcoins and always spend your stablecoins then that's good. I used to view Bitcoin in a similar way but later on, I accepted the fact that I have to spend the coins in my wallet at some point. Like what lovesmayfamilis mentioned above, all of us have different views on how we want to spend our coins and I don't see anything wrong with holding on to it for a very long time because you also have to spend those in the future anyway before they lose their 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.
If you can't make transactions with bitcoin, then bitcoin is not serving it's purpose, it's a good idea we hold any amount of bitcoin we can afford to hold, but it's better we also make transaction with bitcoin whenever we can do that, Bitcoin is a digital currency, it won't make sense if we keep on holding bitcoin alone without making transactions with it. If you are having business, then you can start accepting bitcoin as payment method, and if you see any store that accepts bitcoin, then you can make payment with bitcoin. 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.
We all know bitcoin is accepted in few places currently, people that are in those places should make use of bitcoin for transaction, am sure that will also spread awareness about bitcoin.
The real purpose of the bitcoin system is simply to allow people to securely store and transfer money as well as any purchase transaction, such as paying a seller for some item. So, bitcoin is a self-controlled banking and payment system.
So it's all up to you as your ownership is in control and what is best for you and also it all depends on a realistic presence of bitcoins in your country or region of residence. If bitcoins are legal and lots of shops or trades do bitcoin transactions I think you should, but that doesn't mean you have to be extravagant. Because frugal is a good choice and buy back when the price drops to stay profitable, when the bitcoin price rises again.
and I personally for now only save bitcoin because in the area or country where I live bitcoin is not allowed to be used as a means of transaction. But that doesn't mean I don't use it because there will be unexpected things that I will experience, and I myself have used it several times because I have to transact using bitcoin and this individually.
So it's all up to you as your ownership is in control and what is best for you and also it all depends on a realistic presence of bitcoins in your country or region of residence. If bitcoins are legal and lots of shops or trades do bitcoin transactions I think you should, but that doesn't mean you have to be extravagant. Because frugal is a good choice and buy back when the price drops to stay profitable, when the bitcoin price rises again.
and I personally for now only save bitcoin because in the area or country where I live bitcoin is not allowed to be used as a means of transaction. But that doesn't mean I don't use it because there will be unexpected things that I will experience, and I myself have used it several times because I have to transact using bitcoin and this individually.
Why feel bad? Bitcoin is not money? But honestly, if the use of bitcoin for payment is infrequent, I mean to use it for the experience, or we have difficulty using traditional payment methods, then bitcoin is a solution. I am willing and will be pleased to use bitcoin. But if I have to use bitcoin to pay all my daily expenses, I will feel very uncomfortable. We all know that the value of bitcoin will increase in the future, and spending it regularly with a potentially bullish asset would make anyone feel uncomfortable.
You ask a question about spending Bitcoin on this forum, a place where people are big fans of Bitcoin. No wonder, you will hear thoughts that are in line with your assumption of regret when they spend bitcoin. But if you ask this question somewhere else, you will hear the answer: I see Bitcoin as money with which I can buy something.
It all depends on how people understand the value of Bitcoin and in what capacity they are ready to accept it. Satoshi didn’t just mean holding bitcoin, did he? He assumed people would be bank-free, so why should you care whether you spend your bitcoins or not? You have the freedom to dispose of it as you please, so if you are not ready to spend it, then keep it at the price you want.
It all depends on how people understand the value of Bitcoin and in what capacity they are ready to accept it. Satoshi didn’t just mean holding bitcoin, did he? He assumed people would be bank-free, so why should you care whether you spend your bitcoins or not? You have the freedom to dispose of it as you please, so if you are not ready to spend it, then keep it at the price you want.
looks like you mostly consider Bitcoin as an investment asset that could potentially gain you profit rather than a currency, which is probably why you are feeling uneasy when wanting to use Bitcoin to buy or pay for something. the thing is, a lot of people who use Bitcoin consider it as a currency too that you can use to pay for stuff and that's probably why they don't feel uneasy or bad when using it.
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.
Yeah, it feels very bad actually when I have to touch my bitcoins. I am not saying I don't like spending them but I want to be a true deinfer of Bitcoin Hodler. I missed many opportunities to become highly settled financially when I possessed bitcoin back in the time but sadly I sold them just before that opportunity. I was one of that FOMO investors in the market and just because of my gut feelings and fear, I lost a bigger opportunity.
I am not letting that happen again in the future and not with the bitcoins that I am in possession of. For this, I now have my own ledger, which was literally listed and found last year, and putting everything in it for longer storage.
Won't touch them that happily for selling until I reach my goal.
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
Dont create a fear out of no reason, those that were early adopters have thesame opportunity like we are having today, they never thought about things going to turn the way it became today, if you have that same opportunity to hodl bitcoin or accept it for your business then it's better you implement that against the future, there's every certainty tge table will still turn around the second time or even more when you hodl.
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.
Such idea may be a good one as well, if you can old your bitcoin and make use of other asset for a living, especially in times like this when we are fast approaching to the next 2024 halving, there's this believe that we are going to have a bitcoin bullrun on it price whereby holders will rejoice.
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.
If you feel that you are letting go of Bitcoin to buy something that can still be bought with cash, why not use cash? basically, you just need to be realistic and think further about what the benefits buy with the benefits of holding Bitcoin long term. That means you can choose other options plus if the purchase is only for goods that just don't have value then use cash. It's that simple, no need to think any further. Apart from choosing and sorting out which one you should take, there's nothing wrong with occasionally trying to buy things with Bitcoin that you really like and have wanted to have for a long time. 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.
You do not need to feel uneasy with bitcoin. It is depending on the comfort any of the coin will give to you. But at this time that btc fee is really high, altcoins or stablecoin can be better then you can save a little above what you can use in btc. Dogecoin is a good option and well accepted in different casinos, Usdt is another choice you can use.
Using bitcoin for transaction was the purpose of its creation by Satoshi,so that it can be used as an alternative payment method. It is just that bitcoin due to its volatile nature and limit in supply started to increase in value to the regular rate of adoption and it has now become an asset. Bitcoin was created for financial freedom from third party which makes it more superb than any other currency. Therefore, if you don't use it to purchase commodities, how do you enjoy the major importance of bitcoin. As long as you have bitcoin, you must spend it either by paying directly with bitcoin or you convert it to your local currency for spending. On the other hand it all boils down to how you understand what you will use your bitcoin for. Everyone has different reasons on how they want to use their bitcoin.
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy.
It is understandable that you feel uneasy using your bitcoins to make purchase, it is because you have the mindset of a hodler and someone who has been attracted to bitcoins due to it's ability to be invested in to make profit not for transactional reasons. If you were attracted to bitcoins because of the you were tired of the 3rd party services from banks when making transactions to any part of the world, you will not have a problem or feel uneasy whenever you use your bitcoins for transactions. Using bitcoins for transactions is part of engaging all the benefits that it offers, not just the investment side.
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.
No not at all I bought my domains paid for my web hosting and paid for my service providers using Bitcoin and I feel good about it, there should be an allocation for purchases and for holding Bitcoin, we must use Bitcoin the way it should be if you want it to be fully adopted, I'm preaching and telling people to buy and pay services using Bitcoin so if I don't use it I'm not setting a good example.
Marketplaces are adopting Bitcoin because they expect people to use Bitcoin so if you are a true supporter of Bitcoin you should use it, using Bitcoin to buy services and products is considered a vote of confidence to Bitcoin.
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.
You hit the right spot. Even though I had purchased multiple gift cards from Amazon and other eCommerce websites from a third party vendor but I really feel the pinch. We all know that bitcoin has the potential to go to a much higher price point. Just like the pizza guy could have been a billionaire today but he missed the chance.
I really feel that while purchasing something with bitcoin. But when bitcoin takes care of my finances during the tough time, I feel grateful.
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.
Something valuable will feel uncomfortable if we spend it. The story of pizza and bitcoin is still very much remembered and you are reminded again.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.
As an innovative payment network, Bitcoin is free to use for any transaction for users who want to use it. For some countries that accept Bitcoin as a means of payment, spending something using Bitcoin is a convenience without being complicated.
If there are people who don't want to use Bitcoin as a means of payment because they just want to use it as an asset for investment, that's also not bad because one day it can bring benefits to those who hold it.
It all depends on each of us because Bitcoin is here as a solution.
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.
The man have a lot of time to purchased again Bitcoin after he used it to buy pizza that time. Bitcoin is meant for spending. There’s no point on feeling bad for using it to the real purpose. The only time I will feel bad spending Bitcoin is when I have fiat in my wallet but I choose Bitcoin to spent because I become scared that the price will dump.But in a scenario that you need cash badly while your only option is using your Bitcoin then I won’t think twice on spending because I need it now not in 10 years or other year.
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.
You are living on what if. If you don’t to feel this kind of things then don’t invest on Bitcoin all in so that you will have fiat to use for your daily needs instead of your Bitcoin holdings.
Almost everyone loves to hold on to their bitcoin. But one of the purpose of bitcoin is an alternative to fiat to been use as a payment method. If bitcoin is the easiest method to pay without having to go through bank problems like cross border transactions then it is best to use bitcoin. You can just transfer the fiat or stable coin you plan to use for the transaction to its bitcoin equivalent, rather than going through the fiat hassle
Hey, your consideration of Bitcoin transaction was a good choice my friend. Don't feel uneasy when purchasing with Bitcoin because that thing is a old thing now the scenario is completely different. I know that Bitcoin is still highly valuable as an asset but that shouldn't stop someone from using it for purchasing of goods.
Well, for a minute just forget about the future live the current moment if the things you're purchasing with Bitcoin are necessary for your current time then don't think about future, just purchase the goods right now. If your main intention is to invest in Bitcoin and hold that investment for long periods than that will be a different scenario. In that scenario you should focus on accumulating as much bitcoin as you possibly can.
If you can purchase things with your stable coins than that's also okay as long as you feel comfortable about your purchases, you are doing well with your money. If you have the option to spend stable coins for purchasing of goods then you should not touch your Bitcoin otherwise you can use it for transactions without any issues.
Well, for a minute just forget about the future live the current moment if the things you're purchasing with Bitcoin are necessary for your current time then don't think about future, just purchase the goods right now. If your main intention is to invest in Bitcoin and hold that investment for long periods than that will be a different scenario. In that scenario you should focus on accumulating as much bitcoin as you possibly can.
If you can purchase things with your stable coins than that's also okay as long as you feel comfortable about your purchases, you are doing well with your money. If you have the option to spend stable coins for purchasing of goods then you should not touch your Bitcoin otherwise you can use it for transactions without any issues.
You can do whatever you like with your bitcoin. As you think you do not have to spend but hold it as an investment, some people may decide to use some of their bitcoin to purchase something.
I'll never forget the man who bought pizza for more than 30 bitcoins
Are you referring to Laszlo Hanyecz? The Pizza guy. He used 10000 BTC to buy pizza. That was the first known bitcoin trade. It means something today to us all.
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.
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