Bitcoin Forum

I have been around in the space for more than 3 years now. And now I can surely say that I can live using just bitcoin.

3 years ago it was almost unthinkable to get a Mastercard recharged with bitcoin. Well now, there are several companies offering this type of card. Even though, there are fees tied to the whole process, that up until now kept me uncomfortable in doing so, I finally decided to get one!

Now I have my prepaid card and I can use it anywhere in the world simply by reloading it with bitcoin.

Even if it is paying for what I need indirectly with bitcoin, it made me realize how easy it is to live just with bitcoin. You can get your salary in bitcoin that it still won't matter it will be the same as having it received on your Bank account.

So, how many of you are now living just with bitcoin?

I can't say I live,but I cover most of my expenses with the bitcoins I earn
I have to thank bitcoin because of the chances that it gives

at least one.  ;)

Using those pre-paid cards isn't really living on Bitcoin only, unfortunately... :)

I definitely can't, at least yet. Almost no local services where I can use Bitcoin :(

Yes, I know what you're saying... but technically it isn't but indirectly it is;

Let's imagine that you are at the restaurant:

you have some coins in your smartphone mycelium wallet. While the dinner is yet to be served you send your coins (the approximate amount) to your prepaid card, and when you're finished with your dinner you can pay with your card. So, in a sense it is almost as if you paid directly with bitcoin.

Anyway... we are much better of than we were 3 years ago  8)

I've been paid in purely bitcoin for over 2 years now, so in that sense, I live 100% off bitcoin.

Obviously, I need to switch it over to fiat to pay bills, buy groceries and so on.  Nonetheless, my income has been 100% bitcoin for over 2 years now.

i can use bitcoin for using only onlline things but not on real life. we use bitcoin but we can not use as realy or pure money as cash payment. every shop  we cant pay using bitcoin wallet.

I get paid in Bitcoin, but I have to cash it out sometimes, especially when I'm not living in Vancouver.

Well i'm not really living with Bitcoin, but mostly my income is come from Bitcoin and cryptocurrency.

In my country, especially in my region there are so rare who using Bitcoin as payment, so i need to exchange to boring money for pay my bills and stuff.

i am not.

i am still needing fiats, the bitcoin in my places isn't at all popular, nobody accepts bitcoin.
duh that's impossible!

Really Great.  May I know where you are working?

http://envrin.com/

That's me. :)

I can't pay my rent, groceries, gas or car payment with bitcoin, so using bitcoin only to live is not an option for me at all.

I'm not yet,
maybe when I am paid bitcoins on my full time job, I can live with just bitcoins

for a certain time i was living with bitcoin only(3 months) but not by using them directly, sadly, i need to dump first, as because many thing that i bought come from amazon or ebay,

but i stopped because here the law about bitcoin is still uncertain and i don't want to pay additional tax on them, maybe i could try it again when i can use my coins directly, with open bazar

How did you cope with the price decline of bitcoin? Or were most of the coins spend in the month you earned them?

25% of my earnings now comes from bitcoins, the rest is from my day job.
I hope there will be time it reaches 100% and no more day job where only my employers get rich

If I remember correctly, back then I was living on a month-to-month basis, so coins generally got spent as they came in.

As for other price fluctuations, doesn't matter to me.  I invoice in USD, get paid in BTC, and earn quite a bit more than my cost of living.  I just pull out the little I need for living, and leave the rest in BTC.  Sometimes I get paid @ $220 and it goes up to $300, and other times it's vice versa, but it all balances out in the end.

This only really works if either, a) you pull the BTC out immediately upon getting paid, or b) earn quite a bit more than you need for living, hence are happy just to let BTC sit there.  Oh, and obviously only if you view BTC as a long-term play, which I do.

I'm in the process of trying to move to btc only.

All income has already been switched to bitcoin only. Problem however is on the spending side as there are very few merchants who accept bitcoin in my part of the world so I'll have to make use of a bitcoin debit card or alternatively cash out what's needed to fiat through my local exchange.

I however prefer going the debit card route as that would mean that I can bypass my bank account. Cashing out at the local exchange means that I'm still reliant on my bank account to get hold of the funds and I want to try and cut my bank out completely.

I'am not personally , we don't even have any single local shop that use bitcoin . I'am only 18 years old so I'am not working yet can't speak about income from job or something .
now for what comes to the Credit cards part that you are speaking about , MasterCard is totally against Bitcoin so sooner or later I assume that those cards won't be functional anymore and if you ask me they defeat the purpose of bitcoin .; I mean you are using them for being annonymus and low fees right ? well they are not giving that .

We are lucky to have https://www.livingroomofsatoshi.com/ here in Australia so just about everything you mentioned can be paid for using there service.
Anything like gas or food can be covered with a Coinjar swipe card (debit card).

I personally don't get paid in btc but i do transfer a few dollard into btc when i have some spare cash, from there it goes straight onto a paper wallet.
If i ever need to use the btc i have stored on paper wallets then all i got to do is scan the private key, send it to My Coinjar account and transfer to my debit card, this only takes a couple of minutes.
I know it sounds like a lot of fucking around but only need to do it in emergencies and i sleep safer knowing my private keys have never been on the net.

Getting paid in Bitcoin, I do enough trade in localbitcoins that I have cash reserves as needed and anything extra I send back to the exchange.

There are only a few things I need by bank for and I'm working on finding a fix for that.

We are much further than a few years ago and I am sure in a couple more years it will be even easier.

As far as using credit cards not being the same as living off of bitcoins...is your VISA card a dollar VISA card? No. It is merely a payment processor. The credit card company pays your bill in the currency that the business accepts then takes from your account the currency that you use. It could be euros, dinars, dollars, etc. So using your bitcoins as the funding currency is just another option. Most of our daily transactions use payment processors unless you're using cash.

for sending money i only use bitcoin while i used to use paypal and western union. i hope to replace other services as well if there is a good alternative.

I forsee this thread will be a vey funny thread in the fuure where everyone is living using bitcoin only. Just like the 10k bitcoin pizza thread

Very, very interesting your post (if it is true). I haven't heard to many businesses (or to tell the truth I have heard not more than the number of the fingers of one hand) that pay with bitcoin. Your choice is very courageous because the price of bitcoin is not stable and bitcoin is to much volatile. But, as a good bitcoiner, I believe that the price will go high in time so your behavior can be taken as a good investment.

Let's come to me now. I would like to live with bitcoin but it is not possible for me. I have not resources in bitcoin so I live like all the all the other normal people. Using fiat money and hoping that one day have not everyday profits in bitcoin but only a significant amount of those in order to have a good retirement.

I don't live on bitcoins but I manage to pay off my bills (electricity, internet, grocery and other bills) with bitcoins and pay for other expenses and cope up with the increasing prices. I have a job to earn for a living and bitcoins come as an added advantage to get something by just being active in this forum and doing small tasks which easily can earn BTC.

for now I can not live only use bitcoin,I not see available in my place been there in a shop or department store that accepts bitcoin  I had to turn it FIAT to use it in real life but for online shopping do I usually use

I buy around 60% of my food with bitcoin, plus I usually buy everything online with bitcoin.
Switching 100% to Bitcoin would simply be impossible in the area I live.

not much, from the beginning until now I only collect bitcoin

Still collecting, although I hope to pay my mortgage with the Bitcoins I earn in some months.

Volatility should not be that big of a deal when spending bitcoins.

If you spend bitcoins and the price goes up, how is that any different than spending dollars and the price of bitcoins goes up?

You could have just as easily converted those dollars to bitcoins before the price went up instead of spending them.

not much,,,I often buy food using bitcoin :)

It's impossible, you would still need fiat to pay rent, taxes, bills, car gas.. and that assuming you can directly buy everything else directly without cashing out for fiat. And i have no idea how to get my BTC taxed so I would rather keep it to myself.

It's going to be a bitch to go 100% Bitcoin. I do shift a huge portion of my income to Bitcoin, and pay for most online things with Bitcoin, but there are the odd occasion where

I have to use a credit card or cash. One example : Renewal of Anti-virus software {No company offer that... only New purchases}

I also had to pay the doctor for his services a week ago with a credit card.... his secretary just got a blank look on her face, when I asked.. Do you accept Bitcoin.  :(

We still have a long way to go before we can go 100% Bitcoin.  ::) 

Currently not,because in m country Bitcoin merchants are very less and so the user base is.

But idea is innovative and I'm looking forward to it.