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Bitcoin => Bitcoin Discussion => Topic started by: BlackHatCoiner on June 30, 2021, 06:25:34 PM



Title: Do you pay with Bitcoin whenever you're able to?
Post by: BlackHatCoiner on June 30, 2021, 06:25:34 PM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: btc_angela on June 30, 2021, 06:34:16 PM
Yes I do.

On a monthly basis, I used my bitcoins to pay for my internet, some credit cards, electricity and others. Just like lucky that our local exchanges (of course as third party) supports this kind of payment methods. Been doing it for the last 4 years. Of course I also hold some on my hardware wallets, but the ease of paying and really getting bitcoin to be used as payment schemes is good enough for me to do regularly.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Charles-Tim on June 30, 2021, 06:34:26 PM
What I recent read about El Salvador is that they are also adopting lightning network, with this, I have made the conclusion that if countries make Bitcoin a legal tender, the use of lightning network will increase abruptly. People will be able to pay in Bitcoin with low fee, even in coffee shops and where we visit often to buy goods and services.

I have ones paid on a particular site before using Bitcoin, when the mempool was less congested on Sunday, the site is trustworthy and reputed, I used Electrum for the payment and it was successful.

I will still  advice people not to even use third-party or Fiat to pay on a site not trusted, I have a friend that ordered for a shoe on an untrusted and unknown site before, the money gone without no delivering of the shoe, all I do is I use trusted sites that are reputed and known and regulated by governmental laws.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: The Cryptovator on June 30, 2021, 06:44:58 PM
I have been using Bitcoin where accepted. My country doesn't allow to use of cryptocurrencies. So usually I can't use it nationwide. You are paying for hosting, I am paying for the domain. As you know Namecheap accepts Bitcoin payments, so it easy to buy domains from there with Bitcoin. I can say it's hassle-free at all than using PayPal or a Master card. Also, I bought an Amazon gift card with Bitcoin from the forum. So obviously I always like Bitcoin adaption and I do not miss opportunities if I can spend Bitcoin directly for my needs. But to be honest, it's hard to spend Bitcoin lately due to high transaction fee.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BIN-BIN on June 30, 2021, 06:47:17 PM
If retail outlets permit and accept bitcoin I will gladly pay for good using bitcoin. With the lightning network, it will solve all scalability issues that way carrying out small transactions will be easier.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: FinneysTrueVision on June 30, 2021, 06:55:11 PM
I use Bitcoin whenever possible because I don't have a credit card. There isn't many places that accept BTC directly but you can use gift cards for most major online stores. For a few other things I use prepaid Visa debit cards purchased with BTC.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: sulendra12 on June 30, 2021, 07:01:20 PM
— Let's have some fun.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins?
I would prefer use my coins to pay stuff if the only merchant I trust only accept cryptos as their payment method, if they have another method then I would use the other so I don't bother with the fees. It also helps people to change their mind that Cryptocurrencies are not commonly used for illegal crimes only because this type of mindset still exists in here especially 2021. Also it makes me much cooler than using conventional method like Fiat.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: DeathAngel on June 30, 2021, 07:09:18 PM
If you want me to be honest, I don’t. I HODL most of my stash which I’ve amassed over 6 years. I rarely spend bitcoin on trivial things. I see bitcoin as a hedge against inflation, a savings vehicle. Bitcoin has changed my life, HODL your bitcoin. Too many people spend it all & majorly regret it when the price increases.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: TopTort777 on June 30, 2021, 07:13:05 PM
Is using crypto.com card count as paying with Bitcoin? I use it for small payments, such as coffee, snack and etc. I have never experienced a direct Bitcoin payment (situation when I have to scan qr code or transer direclty from wallet to wallet), because the things I wish to buy dont accept Bitcoin. But, I can pay them with crypto card. Finally, soon I wish travel to european countries and will havea chance to test paying with Bitcoin there.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Shenzou on June 30, 2021, 07:13:29 PM
For me buying anything on the internet is either difficult or requires a lot of setting up to do, so i always found that bitcoin is the easiest and the fastest way to pay for any online shopping, and i think that with bitcoin these days this has become more of a problem, for a person who is trying to buy something for 10 dollars he should be able to do so with ease and not have to pay half of that in fees or wait hours upon hours to do so, and i probably think that is the main reason that people don't use bitcoin for microtransactions anymore at least in my case.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: hatshepsut93 on June 30, 2021, 07:15:44 PM
I'm in the same boat as you, not being able to pay with BTC, because no one is accepting it. But that's probably because I almost never buy anything on p2p marketplaces, and big retailers don't accept BTC here. Although I actually never heard about crypto being used for payments often in my country, aside from drugs.

But even if I had such option, I'd probably use fiat instead, because Bitcoin is an appreciating asset, so I'd rather get rid of fiat first, especially with how unstable it is in my country.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Fatunad on June 30, 2021, 07:18:36 PM
Im using up my earned bitcoin in signature campaigns on paying up my bills using my local online wallet and of course those bitcoins would really be converted to fiat first before you can make any payments on services
you do want to avail and this isnt limited with few merchants but almost everything you do need from mobile wallet load and from game credits or paying up your internet bills which i do really like the convenience
that it gives to its users even though it isnt really that much worth on spending your money actively specially it is converted from your bitcoins but in talks about accessbility and comfort then nothing beats out on this one.
I could make use of my funds without hesitance as long i do able to do things that i want. Savings on other storage is an another story.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: dmamigo on June 30, 2021, 07:45:57 PM
Recently this is changed as I use more than one crypto/Bitcoin to pay someone or a merchant. Due to the wide acceptance of Bitcoin, it was the only option to transact earlier but now with the increase in the fees, I noticed merchants are accepting other altcoins also which helped me to pay with various coins other than crypto and save a good amount of money as fees.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: nhaila on June 30, 2021, 08:01:29 PM
I use Bitcoin whenever possible because I don't have a credit card. There isn't many places that accept BTC directly but you can use gift cards for most major online stores. For a few other things I use prepaid Visa debit cards purchased with BTC.
I am a neighbor of India , when bitcoin fully legimate in India then I paid motor vehicle price with Bitcoin. But in my country bitcoin use completely prohibited.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: acroman08 on June 30, 2021, 08:02:44 PM
at the moment? No. but our local online wallet(coins.ph) allows its users to pay monthly electric bills and other bills if I remember correctly, inside their platform. I am not exactly paying in BTC but I used to use it to exchange the BTC I have in my wallet into peso(local currency) and then pay the bills inside the platform. I stopped doing it because of the fee I needed to send the BTC to the online wallet(coins.ph) plus their conversion fee has become a little expensive for me. also, as far as I remember, you don't have to pay a fee when sending BTC (or another cryptocurrency available on the platform) to another account on the platform. I haven't really seen any store or online store in my area that accepts payment through coins.ph. they mostly use G-CASH(a local payment platform that doesn't support cryptocurrency) to accept payment. maybe if I stuble upon a store near my area I might try it out but at the moment it is hard to use BTC without exchanging it into FIAT.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: AhmadM on June 30, 2021, 08:29:47 PM
Unfortunately, I have a similar situation with you. Theres no merchants or retailers accept Bitcoin around me due to my country doesn't allow its citizen to use Bitcoin or other cryptocurrencies as a payment method, as of now I only spent it to buy some digital stuff such as domain or gift cards.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: pixie85 on June 30, 2021, 09:23:20 PM
I'll be honest here and say that I don't pay with bitcoin because I'd rather spend fiat money.

I hold bitcoin as an investment that grows in value while my fiat money loses value every year. Selling bitcoins and holding fiat money is counterproductive. I'd feel like sacrificing myself for the community.
I'm not rich so I can't afford it.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: DannyHamilton on June 30, 2021, 09:36:09 PM
Not only do I pay with Bitcoin whenever I'm able to, but also:

1. If I have multiple merchants to choose from with similar levels of quality and service, and one of the merchants accepts bitcoin as payment, I'll choose the merchant that accepts bitcoin even if their price is a bit higher.

I do this to reward businesses for making the decision and putting in the effort, and to provide financial incentive to other businesses to do the same.

2. I frequently ask a merchant if they'll accept bitcoin as payment (even when I'm already pretty certain that they don't).  Especially if I'm talking to someone that is responsible for making decisions for the business or if I'm talking to someone that I believe is likely to have conversations with someone that is responsible for making decisions for the business.

I do this because if enough people do the same, they will realize that this is something that a significant percentage of their customers would like to see, and to "normalize" the idea of customers being willing (or even wanting) to pay via bitcoin.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: taufik123 on June 30, 2021, 09:45:00 PM
In my country it is never approved to pay for goods and services using bitcoin or other altcoins, because there are no rules that legalize payments other than using Fiat payments. I have paid for domaind several times with boitcoin, but not a domain company in my country. Adoption is still not too wide, Cryptocurrency is only legalized as commodity trading, nothing more.

Currently El Salvador is an example of a country adopting Bitcoin to improve their country's economy and provide more modern payment options.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: OgNasty on June 30, 2021, 09:49:56 PM
I used to back when it was a p2p currency.  Nowadays the right thing to do according to the community is to HODL, right?  That's how Bitcoin is going to have value according to those in control of it's development.  You are supposed to just mortgage your house and buy as much Bitcoin as you can, then never sell your BTC and take out more loans as you need money using the Bitcoin as collateral.  That's the new world we are all striving for right?  Don't spend anything and take on as much debt as possible?  That's what Michael Saylor told me and I'm sure he has the community's best interests in mind.  :D


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: CaVO32 on June 30, 2021, 09:57:30 PM
I'll be honest here and say that I don't pay with bitcoin because I'd rather spend fiat money.

I hold bitcoin as an investment that grows in value while my fiat money loses value every year. Selling bitcoins and holding fiat money is counterproductive. I'd feel like sacrificing myself for the community.
I'm not rich so I can't afford it.

I have the same sentiments here. As much as possible, I want my crypto to hold. But sometimes, I use crypto to pay some of my bills like water or electricity as my local exchange are accepting this payment. Also, topping up my phone is one of my common usage of crypto because I am not spending much satoshis. If given the choice, I won't spend my btc at all for the hope that someday, it will gain its value in the market.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Silberman on June 30, 2021, 10:16:17 PM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.
I do pay with bitcoin whenever I can, I have only done so once at a physical store since there are not really that many stores that accept bitcoin close to me, however when it comes to making purchases online I have used bitcoin several times already and whenever I have the opportunity to pay with it I do so, however about the fact that transactions cannot be reversed this is a feature in the sense that even if you think the money you have in your bank account is yours this is not really true as your accounts can be blocked and your transactions can be reversed, something that is impossible to do with bitcoin which means you have real possession of your coins.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: just_Alice on June 30, 2021, 10:19:55 PM
In my country, it's not possible to make routine purchases with cryptocurrencies, but we use that system among friends to make money transfer. Also, some landlords accept payments with Bitcoin from tenants, but I only know one such case, apart from that it's very rare.

I'd use crypto in the shops, restaurants, and other places if it was possible and easy, e.g. with an app, touch ID, or something like that, I wouldn't want to press the private key each time in a public place  :D


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: finaleshot2016 on June 30, 2021, 11:16:08 PM
I have yet to spend any bitcoins at any of the stores that accept bitcoin as a payment method.

Bitcoin has a great growth potential, thus I don't want to utilize it as payment because the price may quadruple at any point in crypto.

Bitcoin is a valued asset, analogous to gold. Did you use gold as a payment method? It's a difficult and time-consuming operation, so imagine if bitcoin is squandered; I might regret it if the price of bitcoin rises after I use it. I hold crypto so I can gain profit anytime if the BTC rises.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: bocyaj on June 30, 2021, 11:32:52 PM
I still don't spend any bitcoins on any stores that accept bitcoin as one of the payment method. Bitcoin have the huge potential to grow so I really don't want to use it as a payment because it might triple the price anytime in crypto. Bitcoin is similar to gold, both valuable asset. Did you even use gold for a payment sysyem? It's pretty hard and long process so imagine if bitcoin are being wasted, i might regret if btc price goes up after using it.

Bitcoin is the potential coin, so it's reason for the huge traders in bitcoin. When people get into crypto investment, the first thing will do will be bitcoin trading. But the reason for the less profit will be the lesser investment in the beginning. It will be omitted to get huge profit.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Rengga Jati on June 30, 2021, 11:38:09 PM
So far, I never use bitcoin to make any payment or purchasing any goods, rents, services, or other things.
Moreover, Bitcoin or other cryptocurrencies are not legal as a "currency or payment method" in my country. SO, there is no provider or merchants that accept crypto for payment.
Additionally, I also never make a shop aborad and use BTC.

Yes I do.
Glad to know it, to know that BTC is available to be used as one of the payment methods in your country. And this is for daily and monthly payment transactions. Great enough. Hopefully, there will be also the same in my country, someday.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: GreatArkansas on June 30, 2021, 11:47:46 PM
I still don't spend any bitcoins on any stores that accept bitcoin as one of the payment method. Bitcoin have the huge potential to grow so I really don't want to use it as a payment because it might triple the price anytime in crypto. Bitcoin is similar to gold, both valuable asset. Did you even use gold for a payment sysyem? It's pretty hard and long process so imagine if bitcoin are being wasted, i might regret if btc price goes up after using it.
Your goal is like treating Bitcoin as an investment or store of value which is also not bad though, you can decide for that.
But I think what OP wants to ask or say is like having the ability or comfortability to use Bitcoin from your wallet to pay services or goods like you using your fiat money in your pocket to pay immediately what you want to buy.

For me, VERY yes. Bitcoin is just a good payment of method for everything, especially with the lightning network so you will not worry about how long the transaction will get confirmed.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Dread Pirate Roberts on June 30, 2021, 11:57:22 PM
So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.
Not on a daily basis but maybe every month,  i paid my web hosting bill use bitcoin, and also rent some digital services such as vps, most of those service I use bitcoin as payments, I have never used it as a daily needs such as food etc. because no merchants here want to accept crypto as payment and they might be dont even know what bitcoin is.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Oceat on June 30, 2021, 11:59:20 PM
Of course, I do since this is the very convenient thing to do when you don't want to hassle going out and buying stuff with a third party services. Bitcoin third party services like merchants who do accept Bitcoin as a payment is like a store near you and all you do is grab your phone and do the trade for just a minute.

I do HODL Bitcoin sometimes when I think I'm in a loss especially if the market is slightly going down since I always monitored my funds. This market movement these past few weeks is telling me to HODL.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: AniviaBtc on July 01, 2021, 02:20:13 AM
I wanna try it but I'm worried if bitcoin will increase its price in the market and I have other things to do with it.

There are a lot of things that bitcoin can pay but I just want to hold until I can and not spend it for something else.

But also there's nothing wrong to try using it in a certain goods or products that I'm going to pay, just being practical.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Kemarit on July 01, 2021, 02:35:33 AM
As long as merchants are willing to accept Bitcoin, then I will definitely go for it. I guess everyone needs to experience it, instead of just holding it for a long time. I've seen people who went 100% full on crypto, so I guess if they have to pay someone or something then obviously they have to used it at some point. No problem with being a holder, but if we truly want Bitcoin to be universally accepted, then we should start using it.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: amishmanish on July 01, 2021, 03:05:36 AM
I used to back when it was a p2p currency.  Nowadays the right thing to do according to the community is to HODL, right?  That's how Bitcoin is going to have value according to those in control of it's development.  You are supposed to just mortgage your house and buy as much Bitcoin as you can, then never sell your BTC and take out more loans as you need money using the Bitcoin as collateral.  That's the new world we are all striving for right?  Don't spend anything and take on as much debt as possible?  That's what Michael Saylor told me and I'm sure he has the community's best interests in mind.  :D
OG, Your HODLer envy is showing.. ::) This is new but I guess people who were making efforts to setup ways to spend Bitcoin and spending it themselves may look at the Hodling as a breach of promise, LOL.

The Store of Value use-case gained traction due to the delays in LN roll out and adoption. It is obvious that more p2p adoption would have been helpful but the emergence of centralized exchanges and intra-day traders betting on Bitcoin volatility changed everything. It couldn't have been foreseen that traders would so overwhelmingly take to Bitcoin than daily users.

With LN and the examples like Bitcoin beach, the time is right for btc to be used for payments by people who otherwise have few alternatives other than cash to save. As far as Michael Saylor is concerned, I don't think he'd advise anyone to bet the house on Bitcoin. He is a businessman and incorporated Macrostrategy to hold his reserves. Its not like he is personally hodling all those coins. Limited Liability helps.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Reatim on July 01, 2021, 03:21:31 AM
Voting for yes because that's what i wanna do all the time .

But the sad part is that i only have limited chances as our country offers so few options like some Online businesses , others are accepting Billings to be paid from crypto and also a school that also offers accepting this.

but other from that ? there is no any chances that i can use so very few that i can do it.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: SFR10 on July 01, 2021, 04:56:59 AM
So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins?
Yes, I do prefer to pay with BTCitcoin if they'd accept it. Most of the time, I'm limited to indirect purchases with BTCitcoin, but that never stopped me; depending on where I am [prior to the outbreak, I regularly went back and forth between two countries], I've paid for my bills through an app [indirectly] and have "directly" purchased various computer parts from a local shop [other than gift card purchases].
- Personally, I don't see hodlers as true BTCitcoiners.

Not sure why irreversibility is an advantage when you're paying an unknown person online.
The advantage in question is heavily leaned towards the seller.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: davis196 on July 01, 2021, 05:36:02 AM
NO!
Last year I paid 100 USD worth of BTC to a guy and he scammed me.It was my mistake,because I didn't use escrow.
4 years ago I paid 30 USD worth of BTC to buy an ebook.It was a pretty shitty ebook,but at least the seller delivered the product,so it wasn't a scam,but I lost 30 dollars for nothing. ;D
Bitcoin was cheap back then,I would've made 10x more money just by HODLing those 30USD worth of BTC. >:(
I'm not going to use Bitcoin to pay for goods and services anymore.I'm selling my Bitcoins for money in my bank account only.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Tristan Bieber on July 01, 2021, 05:51:01 AM
In fact, I have used Bitcoin to pay for some time, but its speed is not fast enough for micropayments and the handling fee is a bit high, but I think that with the development of the Lightning Network, this series of problems may be improved. Some countries have recognized Bitcoin as a legal currency, which means that we can use Bitcoin to pay more in real life.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BlackHatCoiner on July 01, 2021, 06:31:49 AM
I do this because if enough people do the same, they will realize that this is something that a significant percentage of their customers would like to see, and to "normalize" the idea of customers being willing (or even wanting) to pay via bitcoin.
I guess you mean the merchants you're paying face-to-face. What about the online services? Would you rather pay an unknown man cash instead of credit and trust he'll not rip you off?


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: rodel caling on July 01, 2021, 07:06:59 AM
Yes for  me.if ever I have bitcoin and they accepting bitcoin I will used it.but it should be actual paying for transfering bitcoin as payment so.they will see the proof of payment.And also I will used it to pay in a trusted site that been known already all over the world.never trust the unknown online shopping to pay using bitcoin because it might be a scam.pay for bill.used load for me is good...but online shopping not worth trusting and not actual or face to face paying I wont do it.ofcourse we want just to be secure and we dont want to waste our bitcoin...


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: xSkylarx on July 01, 2021, 07:27:12 AM
I once paid using bitcoin when I went to a grocery store few years ago, its value at that time is still small so I had to pay a large amount of bitcoin which at this moment its value now is more than 3x. I regretted those moments when I remember them and should have just saved it. Right now I don't spend it anymore unless there is an emergency, I am treating bitcoin as my long-term investment and will just spend it when I retire. Paying with bitcoin on a daily basis now is just a waste as its value continue increases over the years because of its limited supply.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: lovesmayfamilis on July 01, 2021, 07:28:34 AM
Bitcoin is not welcome in my country, so I am somewhat limited in spending. But if you ask, would I spend if I could? The answer is yes. It's comfortable. Today I have to exchange it to get something. I do not adhere to the position of "keep and never spend bitcoin"and I feel white envy towards those who can easily and without experiencing any difficulties acquire what they need by paying with bitcoins.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ziennakarishma21 on July 01, 2021, 09:04:43 AM
in my country still don't accept payment in BTC and i can only store BTC secretly, not public because if i know i will be fined some amount. I feel this is so bad why am I living in such a backward country . The whole world has almost accepted BTC as payment currency, but my country is so depressed.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Lorence.xD on July 01, 2021, 09:11:15 AM
Definitely but it is a pretty rare occasion in my country so there's not much going on plus I only do it with big transactions because I think that it is wasteful to spend it on small things like food or drinks or clothing. Hopefully we can arrive to that point where it's not wasteful to spend bitcoin on small things that I have mentioned before.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: bL4nkcode on July 01, 2021, 09:17:05 AM
Not every time, last month I use to purchased it to the renewals of domains and hosting related products. Unlike before years ago I use it to buy steam wallets, mobile prepaid loads, vpn and even some other digital products. The reason is obvious I'm holding hoping it will reach or break $40k again.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ropyu1978 on July 01, 2021, 10:18:29 AM
it all depends on each, whether to use bitcoin to buy daily necessities or not, but in my country no one wants to accept bitcoin in buying small items, but if in the future someone wants to accept bitcoin for small payment instruments , so in my own opinion I don't want to do that, I will still buy using fiat currency, because we all know bitcoin is a very valuable asset, so we will definitely lose, because it is a very valuable asset, we only use it for buy small things


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Shasha80 on July 01, 2021, 10:28:53 AM
it all depends on each, whether to use bitcoin to buy daily necessities or not, but in my country no one wants to accept bitcoin in buying small items, but if in the future someone wants to accept bitcoin for small payment instruments , so in my own opinion I don't want to do that, I will still buy using fiat currency, because we all know bitcoin is a very valuable asset, so we will definitely lose, because it is a very valuable asset, we only use it for buy small things

I agree it depends on the situation and the rules of each country, with many countries still prohibiting using Bitcoin as a means of payment.
So not everyone uses Bitcoin to buy something, let alone buying cheap goods, it is not effective to pay with Bitcoin. I like you prefer to use
fiat to buy the things I need, so Bitcoin for me is just a digital asset that will provide profit in the future.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: KaliLinux on July 01, 2021, 12:47:34 PM
it all depends on each, whether to use bitcoin to buy daily necessities or not, but in my country no one wants to accept bitcoin in buying small items, but if in the future someone wants to accept bitcoin for small payment instruments , so in my own opinion I don't want to do that, I will still buy using fiat currency, because we all know bitcoin is a very valuable asset, so we will definitely lose, because it is a very valuable asset, we only use it for buy small things

I agree it depends on the situation and the rules of each country, with many countries still prohibiting using Bitcoin as a means of payment.
So not everyone uses Bitcoin to buy something, let alone buying cheap goods, it is not effective to pay with Bitcoin. I like you prefer to use
fiat to buy the things I need, so Bitcoin for me is just a digital asset that will provide profit in the future.
Likewise for me too. I have not really used Bitcoin to pay for anything directly even though I might want to do that if there are local retail stores that accept Bitcoin in my country which there's not at the moment.
I basically will like to keep my Bitcoin as an asset for long term investment instead of using it for daily purchases for now because I don't see myself in that position yet to be able to spend the what Holding I have of Bitcoin on daily purchases until such time I feel I have accumulated and wouldn't feel what I have spent directly as Bitcoin will not seem like a loss if the price appreciates.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: DannyHamilton on July 01, 2021, 02:34:23 PM
I do this because if enough people do the same, they will realize that this is something that a significant percentage of their customers would like to see, and to "normalize" the idea of customers being willing (or even wanting) to pay via bitcoin.
I guess you mean the merchants you're paying face-to-face.

Generally? Yes.

My dentist, my doctor, my plumber, my HVAC service, my barber, when I'm eating at a restaurant, when I purchase furniture, when I buy a car, etc.

What about the online services? Would you rather pay an unknown man cash instead of credit and trust he'll not rip you off?

Like I said, "with similar levels of quality and service". It all depends on the level of trust I have that the merchant will honor their obligations.  For example, I pay my monthly bill for Dish satellite TV service via Bitcoin instead of credit card. In the past, I've also made purchases from Overstock.com via Bitcoin instead of credit card.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: aysg76 on July 01, 2021, 03:40:55 PM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.
Speaking frankly at this time I am not spending or buying anything with Bitcoin as I am not holding a large portion of the funds in my wallet and prefer to save them for future instances but yes In the past I have made transactions like purchased gaming stuff with it last year and at this time most of local shops around me do not accept cryptos so it becomes even more complicated to spend them even sometimes I wish to do so.But yes if adoption is spread to small shops then I would be happy to buy anything just by scanning the QR code and funds are deducted from my wallet over LN.But still holding them for this time and using my inflationary cash to wipe them out for my expenditure as it would become trash at one point compared to inflation and then I would use my btc.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BrewMaster on July 01, 2021, 03:53:17 PM
yes but it depends on the amount of bitcoin what i'm trying to buy is going to cost. for example if i go to the grocery store and see they accept bitcoin then i would definitely pay with bitcoin but if it wanted to buy a house or a car then i won't do it, not just because i don't have enough bitcoin for it but also because even if i did it would be a big chunk of my bitcoin balance which i won't be comfortable with spending.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: shield132 on July 01, 2021, 04:04:33 PM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.
I am a Bitcoin user and whether there is a possibility to pay via Bitcoin, I never miss that chance if the transaction fee is low or if there is an option of Lighting Network!
But, but... If the transaction fee is and no LN support and there is an option of altcoin payments, then I always stick with XRP.
I really prefer Bitcoin over other coins but really, I don't see its place in massive transactions and payments. I think that it's not ready for massive usage and there are better alternatives when it comes to transactions only.

I am not a guy who thinks that bitcoin can save the world, etc blablabla. The reason why I prefer BTC over other payment methods is that I trade cryptos and it's more beneficial, easy and comfortable for me and then - I don't have to worry about whether certain websites will accept/reject my card and won't have a need to match billing address to shipping address.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Argoo on July 01, 2021, 05:17:48 PM
If you want me to be honest, I don’t. I HODL most of my stash which I’ve amassed over 6 years. I rarely spend bitcoin on trivial things. I see bitcoin as a hedge against inflation, a savings vehicle. Bitcoin has changed my life, HODL your bitcoin. Too many people spend it all & majorly regret it when the price increases.
Probably, a significant number of bitcoin holders do this. Who will spend their bitcoins if we expect a further significant increase in its price? This means knowingly killing the goose that lays the golden eggs. This is one of several reasons why bitcoin is still not widely used as a means of payment. I don't even know if this situation will change for the better in the future. If bitcoin stops growing significantly in price, then it will not be used as a means of payment for other reasons, which are now less significant.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: carlfebz2 on July 01, 2021, 10:06:44 PM
If you want me to be honest, I don’t. I HODL most of my stash which I’ve amassed over 6 years. I rarely spend bitcoin on trivial things. I see bitcoin as a hedge against inflation, a savings vehicle. Bitcoin has changed my life, HODL your bitcoin. Too many people spend it all & majorly regret it when the price increases.
Probably, a significant number of bitcoin holders do this. Who will spend their bitcoins if we expect a further significant increase in its price? This means knowingly killing the goose that lays the golden eggs. This is one of several reasons why bitcoin is still not widely used as a means of payment. I don't even know if this situation will change for the better in the future. If bitcoin stops growing significantly in price, then it will not be used as a means of payment for other reasons, which are now less significant.
Majority would really be ending up on holding no matter what and as long they could get those services or goods on using fiat then it isnt just really that worth on making use or spending your precious coins.

We know the potential and it doesnt really have any sense if you do sell out your coins on a very short term unless if you are an active trader then you would most like having this kind of behavior.

Im not trying to clean up my hands on here but i do experience on spending my coins for personal reason when it comes on buying and paying something and of course this would really

be needing first on some conversion before you do able to do so but i do have some regrets that if i do able to save up those then i might be rich as of this moment.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Woodie on July 01, 2021, 10:31:42 PM
Back when fees were super low, I would use my bitcoin were ever possible

but now that they kind of have gone up and we have alternatives that have way lower transaction fees than bitcoin

I hardly use bitcoin for my crypto payments unless it's the only option available.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Welsh on July 01, 2021, 10:45:03 PM
1. If I have multiple merchants to choose from with similar levels of quality and service, and one of the merchants accepts bitcoin as payment, I'll choose the merchant that accepts bitcoin even if their price is a bit higher.
Absolutely, in fact I've found that people that are aware of Bitcoin tend to offer their services for less with Bitcoin. Assuming that they think they can hold it, and earn more on it in the future. I think this is true for all kinds of goods, because looking at the marketplace section you often get discounts with Bitcoin.

2. I frequently ask a merchant if they'll accept bitcoin as payment (even when I'm already pretty certain that they don't).  Especially if I'm talking to someone that is responsible for making decisions for the business or if I'm talking to someone that I believe is likely to have conversations with someone that is responsible for making decisions for the business.
Have you been able to convince any businesses that weren't accepting it at the time of asking? I feel like to be able to convince them, it would take a rather lengthy chat, and wouldn't be easy to do. Unfortunately, you would be working against the news, and the general volatility of Bitcoin.

I do think more of us including myself should be taking this approach though.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Expecto on July 01, 2021, 10:54:50 PM
I can't say "whenever I have the chance". I don't use cash unless I'm obliged to. But I still prefer credit cards and bank cards more than Bitcoin for making payments when I buy something. Because I still don't see Bitcoin's payment system very healthy and logical. I'm waiting and hoping for Lightning Network to solve scalability problems. Once it's done, I'll start using Bitcoin for shopping etc. many more than now.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: TheUltraElite on July 02, 2021, 06:24:56 AM
So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins?
Cant spend it from where I am from. Nobody accepts bitcoin so I have no choice but to hold. I am not a gambler so I will not spend my bitcoin trying to play my luck but I do trade some of it to and fro with USDT only to increase my stock of bitcoin.

Quote
I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet.
Good for you, I have heard of some hosting services that allow bitcoin payments but hosting services are not all that everyone needs. There needs to be bigger acceptance to see a better market buy/sell flow.

Quote
Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.
Risk of getting scammed is higher when you are sending first. It can be both a good and a bad thing. It will teach people to use their money carefully. Bad thing is that trust get involved here. So you would only be willing to send to a reputed company's wallet as going first and not go first with a individual person whom you never heard of.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ropyu1978 on July 02, 2021, 07:18:21 AM
Back when fees were super low, I would use my bitcoin were ever possible

but now that they kind of have gone up and we have alternatives that have way lower transaction fees than bitcoin

I hardly use bitcoin for my crypto payments unless it's the only option available.
your opinion is very reasonable, when there is a cheaper one so why do we use the more expensive one, we want to make money instead of looking for a name, we work for money not looking for advances, if bitcoin transactions are more expensive than fiat, of course we will use currency fiat money to do something..


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Kong Hey Pakboy on July 02, 2021, 07:20:25 AM
Definitely but I will only do it for something that will help me make more money so for example, I plan to accumulate some bitcoin and spend about half of it to buy a team in Axie Infinity to breed it and sell the offsprings. But if we are talking about small purchases, I think that the potential value of bitcoin far outweighs the need to spend it in sats on things that you can just buy with fiat.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Henrobakkara on July 02, 2021, 10:20:31 AM
Definitely but I will only do it for something that will help me make more money so for example, I plan to accumulate some bitcoin and spend about half of it to buy a team in Axie Infinity to breed it and sell the offsprings. But if we are talking about small purchases, I think that the potential value of bitcoin far outweighs the need to spend it in sats on things that you can just buy with fiat.
Me too. kinda think anything I have to spend my Bitcoin on has to be something that I would feel like I have not lost my Bitcoin or satoshis, For now, If for any reason I convert some to fiat and spend them will be more relaxing for me than spending Bitcoin directly so will want to feel some extra income or earnings coming from where/what I spent my Bitcoin on. 


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Zilon on July 02, 2021, 10:33:25 AM
I would rather stick to fiat except my transaction with Bitcoin is below $100 but once it's above $100 I rather transact using fiat because I my coin would always appreciate over time so why gamble with it all in the name of making payment. If I have to do this then I'm only making the next man more richer especially once an increase in value occurs.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Karish2return on July 02, 2021, 10:59:52 AM
Before being able to pay with Bitcoin, you must find a wallet where you can store your digital currency. This will serve as your Bitcoin bank account through which you can store, pay, and receive money. There are many free crypto wallets on the web, and they all work well on both desktop and mobile devices.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: kotajikikox on July 02, 2021, 11:14:45 AM
I want to help the community and the market get more stronger that's why if ever there is a chance i make sure to use my bitcoin (And of course my other altcoins if possible)
Bitcoin is a currency and must be use, so why are we preventing from using this in any case?yeah i will be hypocrite if i denied Holding bitcoins but i also love saying that i wanted and will always be willing to use if given a chance.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BlackHatCoiner on July 02, 2021, 11:59:50 AM
Like I said, "with similar levels of quality and service". It all depends on the level of trust I have that the merchant will honor their obligations.  For example, I pay my monthly bill for Dish satellite TV service via Bitcoin instead of credit card. In the past, I've also made purchases from Overstock.com via Bitcoin instead of credit card.
This is a problem with Bitcoin. If you notice that the merchants accepts Paypal, you'll unconsciously believe they're trustworthy. What are the odds for a person to has given his identity & bank account and still, rips you off? Surely fewer than with Bitcoin.

Even if they accept both, I'll prefer going with Paypal, because I know that I'll have a third party to deal with. I'm not up to merchant's words.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: conected on July 02, 2021, 01:45:42 PM
I want to help the community and the market get more stronger that's why if ever there is a chance i make sure to use my bitcoin (And of course my other altcoins if possible)
Bitcoin is a currency and must be use, so why are we preventing from using this in any case?yeah i will be hypocrite if i denied Holding bitcoins but i also love saying that i wanted and will always be willing to use if given a chance.
- Exactly, the real face will be very fake when someone tries to show they are ready to pay and take bitcoin out of their wallet, most of us already know the value and we're not quite ready for this, rather ready to pay in bitcoin, we're just trying to make comments that encourage others and ourselves to keep our bitcoin silently. I respect and proud to introduce bitcoin to the community but hidden deep in my nature, that's still an investor's selfishness, we cannot sacrifice our values and possessions for noble ideals, it is not so voluntary


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ChiBitCTy on July 02, 2021, 01:46:18 PM
I absolutely pay in bitcoin, or cryptocurrency for that matter anytime I get the chance.  I am of the mind ( though I am starting to feel like I am in the minority with this one) that in order for bitcoin to succeed it needs to be able to be used as a currency, one that is both quick and one that is cheap.  I do have a lot of faith in the second layer and Lightning Network coming out, but I sure wish things moved a bit more quickly.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Nrcewker on July 02, 2021, 02:13:33 PM
Not really. I do pay with Bitcoins everytime i can.
There are a lot of reasons for this.
First of all BTC is not accepted in all places, so I always have a habit of paying through my card.
Secondly I bought Bitcoins to trade and earn money from it.
So it’s obvious that I shouldn’t sell the coin when it is in bull market run.
And at last there are also transaction fees and blockchain confirmation time that we need to wait.
For these I avoid paying in BTC if also it is available to pay.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: traderethereum on July 02, 2021, 03:48:57 PM
I would rather stick to fiat except my transaction with Bitcoin is below $100 but once it's above $100 I rather transact using fiat because I my coin would always appreciate over time so why gamble with it all in the name of making payment. If I have to do this then I'm only making the next man more richer especially once an increase in value occurs.
I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
I already have experience using bitcoin for the payment but that was before the bitcoin price reaches $20k and it was a long time ago.
I realize that if the bitcoin price can increase to the high price, I can make a lot of money, which means I can buy expensive stuff using money.
So if I can have many bitcoin at that time, that will be the best time for me to have much money.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: eaLiTy on July 02, 2021, 04:42:36 PM
I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
That is a choice you can make if you are purchasing something from the local store using fiat is always a good option but what happens if you are purchasing goods internationally, do you still use fiat for those transactions as well.

Whenever i pay for servers and other services which is billed internationally i always use BTCitcoin because it is safe and easy to maintain my privacy without exposing my banking data.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: bitzizzix on July 02, 2021, 05:01:38 PM
I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
That is a choice you can make if you are purchasing something from the local store using fiat is always a good option but what happens if you are purchasing goods internationally, do you still use fiat for those transactions as well.

Whenever i pay for servers and other services which is billed internationally i always use BTCitcoin because it is safe and easy to maintain my privacy without exposing my banking data.
Just like me, and the reason is because in the country where I live it cannot be used as an alternative payment and is still prohibited, it is only allowed to be invested or kept as an asset and there are rules and prohibitions on using it as a means of payment in any form, except personally.
So far I have never used it for any payment using bitcoin, even though it exists or is allowed, I choose not to use it because bitcoin will be more profitable and can change my life by investing.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: sapnu on July 02, 2021, 06:50:11 PM
So far, in our country, there are no shops yet that accepts bitcoin as a payment. You will need to convert it first into fiat and turn it to the legal nation's currency so that you can spend it. For example, we are hanging out on a Saturday night and after we consumed all of the alcohol, we wanted more and we don't have physical money to pay with but we have some in Gcash for example, we can use that to pay in the convenience store if ever they would allow. The use of bitcoin as a payment is still far from happening and far from being settled so let us just lie low for all of it first.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: MiiDoViic on July 02, 2021, 06:59:09 PM
I live in a third world country, most people here don't even know what's bitcoin let alone how it works. So unfortunately there is no way I could pay for anything in here with bitcoin.
However, I still pay for online services and online products when ever the payment method is available in bitcoin ofcourse.
It's really helpful to find sites that accept bitcoin payments as most people where I live don't have credit cards.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: DatKing on July 02, 2021, 07:27:21 PM
I can't say that I pay with Bitcoin whenever I have the chance to do so. But mostly, yeah. I don't have many options in my country to pay with Bitcoin yet. But it will change in the future I believe. Even if it changes, I'm waiting for Lightning Network also. There are problems to solve for Bitcoin to deal with bigger transactions.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: randegibran on July 02, 2021, 08:02:57 PM
ifit.isaccepted.as a transaction tool,of course I will do it.but this is.not allowed in.our country because the government does not legalize.the digital currency. because this is.between the exchange of goods.and services.if the government legalizes.it, then we will do it like what was.done in.el salvador, which allowed bitcoin transactions.after the country legalized.crypto in the el salvador country


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ziyaaa on July 02, 2021, 08:17:29 PM
Actually, I care about paying with Bitcoin whenever I get the chance. There are not so many places which have a payment option with Bitcoin in where I live. So I don't want to lose the chance when I get it.

For now, we don't see the majority of shops etc. in the world having this payment option. But after solving the scalability problems, I believe that the number of them will start increasing very quickly.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: romero121 on July 02, 2021, 08:39:51 PM
Paying with bitcoin through the lightening network is good, because it gives immediate transaction confirmation which is top priority from the buyer and seller perspective. However it'll surely charge a small amount as transaction cost.

Right now with the applications available for financial transactions it is possible to do the same QR code scan and pay without any transaction fee and immediate confirmation. Maybe people can move towards bitcoin in the future, but right now it is fiat based applications than Bitcoin.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: DoublerHunter on July 02, 2021, 08:51:47 PM
Paying with bitcoin through the lightening network is good, because it gives immediate transaction confirmation which is top priority from the buyer and seller perspective. However it'll surely charge a small amount as transaction cost.
^ Lightning Network transactions are always good but the problem here is not that all online merchants accept BTC as payment and not all wallet-supported lighting networks to save fees. If I don't have money there is a good alternative for that, BTC is always good in all investments and becomes an alternate form the fiat. So, BTC here is just like a rescue team who was a rescue to fiat when there is no left behind if you have no choice, you can use your BTC at all times everywhere you are.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Reosta_ on July 02, 2021, 08:58:47 PM
To be honest, I don't. I still prefer credit/bank cards to Bitcoin mostly. And most of the places support a payment system with cards at least for now. But I enjoy paying with Bitcoin also. I just don't like the slow transfers and fees now. I hope that they can improve the system as soon as possible.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: traderethereum on July 03, 2021, 08:46:21 AM
I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
That is a choice you can make if you are purchasing something from the local store using fiat is always a good option but what happens if you are purchasing goods internationally, do you still use fiat for those transactions as well.

Whenever i pay for servers and other services which is billed internationally i always use BTCitcoin because it is safe and easy to maintain my privacy without exposing my banking data.
If I travel to another country, I think I will still use fiat to purchase goods and do not have a problem converting them to local currency.
Or I can use a debit card to buy those goods and that debit card is only for use in the other country.
But if those goods are available on the internet and I want to buy the goods from the internet, and I will use Paypal, debit card or other methods.
I will only use crypto to pay for goods if there is an option for the customer to use crypto.
I think if the merchant support crypto, we can use crypto to pay. Otherwise, we can use the other payment option.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: UserU on July 03, 2021, 08:54:52 AM
To be honest, I don't. I still prefer credit/bank cards to Bitcoin mostly. And most of the places support a payment system with cards at least for now. But I enjoy paying with Bitcoin also. I just don't like the slow transfers and fees now. I hope that they can improve the system as soon as possible.

Lightning Network addresses those two. Just that it's hard for merchants to adopt it, let alone Bitcoin.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: acener on July 03, 2021, 09:52:50 AM
If I don't have any other choice then I would use my crypto that is how it is for me right now.
But honestly I hold most of my money on crypto so I usually spend my crypto whenever I ran out of money.
I also invest most of my earnings in crypto or at least turn most of my money into crypto.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Karish2return on July 03, 2021, 09:53:01 AM
Bitcoin has been the hottest thing in the world of finance for the last several years. There's no expense to get bitcoins, and numerous wallets let you control how huge a charge to pay when investing. Most wallets have sensible default expenses, and higher expenses can energize speedier affirmation of your exchanges. So I will pay indeed.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: suryana on July 03, 2021, 09:53:22 AM
Honestly I have never used bitcoin to make payments and for now I decided not to do it especially if using bitcoin as an online payment I was very doubtful and afraid to be cheated. Maybe in the future if in my country there are already several official partners who accept bitcoin payments offline then I will also use bitcoin as one of my payment options.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: cabron on July 03, 2021, 10:03:38 AM

Technically I have spent Bitcoin on some products and services, it somehow holds me back from doing it but I sometimes have no choice but to use my BTC so if whenever I'm able to pay with BTC, I'm not very open to it if I have the option to.

I'm sure spending the BTC on some products won't affect the price of BTC but it helps the adoption when merchants online see more users uses BTC to pay.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: kizlod on July 03, 2021, 10:13:49 AM
Of course not. Two main reasons is big fees and low price that wil definitely will go higher than it ever was by now.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: riso2015 on July 03, 2021, 01:05:45 PM
i use bitcoin to make payments and buy online but once a year and usually i use it at the end of the year after i make profit from trading to prove to my family that as long as i invest with bitcoin i can make a profit and show that using bitcoin is very easy for us to make payments anywhere.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Renampun on July 03, 2021, 01:16:12 PM
I never planned to pay with Bitcoin, I will just make it my investment and keep hold it...

as long as in my country BTC is not allowed as a legal tender, then I don't dare to do it. I will only pay with fiat money that is legal in my country and still hold the BTC I have for long-term investments.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: pinggoki on July 03, 2021, 03:16:32 PM
For the past few months and years I am using bitcoin to pay for something that I am buying from some convenience store but today no because I intend to use my bitcoin for some investments and just holding it as my assets and not using it to buy some stuff in the stores because I've realized that the demand and the pump up of the bitcoin is currently uptrend and it is really a good thing for us to just hold it and not use it to pay on some convenience stores.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Warszawa on July 03, 2021, 04:54:42 PM
Don't spend Bitcoin - HODL Bitcoin.

Also - why - it's not user friendly when compared to a card (contactless for small purchases) - I buy a ticket with card I get cash back / points, and I can chargeback if good are not good, or flight cancelled etc...


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ILuckyGuyI on July 03, 2021, 05:16:43 PM
I can't say that I don't miss every chance that I can pay with Bitcoin. Sometimes I pay like that, sometimes I don't. It really depends on what I'm going to pay for. Because as we all know, there are still some scalability problems which make this payment option annoying. Unless they don't solve them, it will go on like this for me.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Lanatsa on July 03, 2021, 05:59:28 PM
Don't spend Bitcoin - HODL Bitcoin.

Also - why - it's not user friendly when compared to a card (contactless for small purchases) - I buy a ticket with card I get cash back / points, and I can chargeback if good are not good, or flight cancelled etc...
But there are instances in life on where you don't have any choice but to spend those coins but those are situational because not all would really be experiencing hardship when it comes to financial.

Its not just worth if you do spent out your coins into something which you can buy with fiat and if you do target for future profits then accumulating would be the best idea.

This is a matter of interest and a bit mix of exploration or seeking for some real experience on using bitcoin directly and I do such thing wayback before until I do realize
that wasting off is not really worth.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Maidak on July 03, 2021, 06:01:26 PM
Sure, why not! Although I am in favor of Hodling, we should accept services using Bitcoin where Bitcoin can be used. This will increase the spread of Bitcoin and by doing this the civil public will be able to know about Bitcoin. For mass adoption of Bitcoin, service should be taken by paying in Bitcoin. For my personal purpose always I try to use the Bitcoin payment getaway option when I get it upfront.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: verita1 on July 03, 2021, 11:58:42 PM
When I carry out online transactions I always do so because I cannot find the item in my city or because the price difference is notable.
I always do it on reputable websites and sellers with reputation.
If in my city I accepted bitcoin or any crypto as a means of payment to pay without fees or low fees to buy any item, I would certainly use bitcoin.

As we have always stated, the usability problem of bitcoin is scalability and fees. But fortunately we have the lightning network, we are going to wait how it works for the country of El Salvador with the use of bitcoin, which in my opinion will be positive for mass adoption.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Kong Hey Pakboy on July 04, 2021, 01:02:11 AM
Definitely but I will only do it for something that will help me make more money so for example, I plan to accumulate some bitcoin and spend about half of it to buy a team in Axie Infinity to breed it and sell the offsprings. But if we are talking about small purchases, I think that the potential value of bitcoin far outweighs the need to spend it in sats on things that you can just buy with fiat.
Me too. kinda think anything I have to spend my Bitcoin on has to be something that I would feel like I have not lost my Bitcoin or satoshis, For now, If for any reason I convert some to fiat and spend them will be more relaxing for me than spending Bitcoin directly so will want to feel some extra income or earnings coming from where/what I spent my Bitcoin on. 
Good for you that you will be doing the same. Not every hodler will be able to do this because they want to park their money on bitcoin rather than move it to other avenues to make money since they don't want to risk it which is good although it should be coupled with other ways of making money.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ElmedoRator on July 04, 2021, 01:57:55 AM
I will definitely use it if the services I use accept payment with it. I think this will happen soon in the future, in the country where I live I have also started to see news about government adoption and research into crypto (blockchain).


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: TribalBob on July 05, 2021, 01:22:39 PM
I hope that in my country I can make payments with bitcoin directly, because right now I use bitcoin to be converted to fiat first before I can make payments on services I want to do such as internet, electricity and online shopping


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Yatsan on July 05, 2021, 01:53:12 PM
If I would be given a chance to use my Bitcoins as a mode of payment, then I would try to use it since it will be a good thing that my country will be allowing such thing to happen, since currently we are still being able to do so because many are still not aware of Bitcoin's usage and importance so the demand for using it is still not enough to raise a merchant that will adapt into accepting it. I would just try to make use of my Bitcoin as a mode of payment for some couple of time and not always since it will be best for me to use it as an asset due to its value rather than barely using it for payment.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BullRunw2023 on July 05, 2021, 02:45:09 PM
I prefer bitcoin due its anonymity when sending payment and being decentralized but the fees are high I think it could be more than you pay the third party service to ensure smooth transaction. Hoping that bitcoin transaction fee will going to be cheaper than the current.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Kittygalore on July 05, 2021, 02:50:58 PM
I hope that in my country I can make payments with bitcoin directly, because right now I use bitcoin to be converted to fiat first before I can make payments on services I want to do such as internet, electricity and online shopping
Wouldn't it be wasteful to spend your bitcoin in satoshis if you are just paying for your bills and groceries, bitcoin's volatility might cause you to spend more when the prices go down or the other way when the prices go down. But if you are smart about it and try to spend your bitcoin when the prices are going down, you might get a discounted payment on bills and groceries.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: goldade on July 05, 2021, 03:41:16 PM
I believe the only limiting factor to spending bitcoins is the fact that there aren't so many merchants accepting bitcoins. I am of the opinion that people will spend their bitcoins if there are merchants accepting  it.
Even if I'm willing to spend my bitcoin, I wouldn't be able if there's no one accepting it. I also believe just like OP mentioned that bitcoin would attain mass adoption if bitcoin can be spent just like the fiat currencies we have now.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Kiley33 on July 06, 2021, 02:38:52 AM
If the store allows Bitcoin to pay, I believe everyone will pay with Bitcoin. However, there are no merchants in our country that can use Bitcoin to pay. If you use Bitcoin for large transactions, it is more cost-effective than using cash. Now the system is getting better and better, and soon we can use Bitcoin as a way of daily payment transactions. .


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: rodskee on July 06, 2021, 04:11:48 AM
In our time now ? i must admit that i tried keeping my Bitcoin intact mate , practicality reason i guess .

I bought my Bitcoins when the price is still 8k and i sold when the price rise to 55k and then buy back at 42k meaning up to now i am still waiting for the pump.

meaning i will keep my coins and will only use Fiat or some of my altcoins if allowed but not my Bitcoins.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: breathlessz on July 06, 2021, 07:00:05 AM
In our time now ? i must admit that i tried keeping my Bitcoin intact mate , practicality reason i guess .

I bought my Bitcoins when the price is still 8k and i sold when the price rise to 55k and then buy back at 42k meaning up to now i am still waiting for the pump.

meaning i will keep my coins and will only use Fiat or some of my altcoins if allowed but not my Bitcoins.
from the statement you made, at least you have received the benefits of bitcoin, where you have pocketed a profit of 8k-55k, I think we rarely find such profits in other investments. even though you bought back and it is currently floating minus, but I see you are calm, and I think you will always be patient to wait for the next bullrun, as you have experienced before


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: bakasabo on July 06, 2021, 07:12:42 AM
If you use Bitcoin for large transactions, it is more cost-effective than using cash.

Could you please explain how the size of payment influence on paying in cash? Did you mean that paying $100 is more easy and convenient than paying $100,000, because $100 is just one bank note, but stack of 10 * $10,000 can not be held in persons palm? While in crypto this is same one transaction?
I see no big dependence in amount transferred in fiat. Cash is cash, it depends how you store it. While in wire transaction sending $1 or $10,000 will still cost the same. But with Bitcoin it is different. Sending $1 in BTC will be cheaper than sending $10,000 in BTC. Or it will cost the same, but time spend for confirmation will be different.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: isaac_clarke22 on July 06, 2021, 07:41:35 AM
~
Not everyone there, mate. I had foreseen these in my area quite a while when a popular custodial wallet here in my country got released and it just seemed like many were still like using fiat over cash. It is just that not everyone is still used to using Bitcoin. It is like "boomer" vs "gen z" when you call it. The former isn't expected to get used to the technology these days.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: yazher on July 06, 2021, 07:51:36 AM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.

Backi on the days when I play online games like MMORPG that I used to play back in the past years, they accept bitcoins to be traded with the same money and items. Therefore, I managed to progress the game quickly with the help of it since I don't have any Paypal or some kind of online payments to cash in. Today, I don't do that anymore since I miscalculated the past years that the bitcoins I spent right there would worth a hundredfold right now. Yeah! I messed it up, lesson learned though.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: tiCeR on July 06, 2021, 08:09:11 AM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.

This is a great topic you opened here and apart from all the issues raised like volatility, or the tendency to keep onto it because of the potential for price appreciation, and so on. The most important issue to me is what Andreas Antonopoulos once raised: taxes! He travelled around the world and paid with Bitcoin whenever he could and in order to annoy the IRS, he decided to print excel files onto paper for the innumerable amount of micro transactions he did, just to make them work so much that the amount of taxes was by far not enough to cover the work that has been put into. I think that is a big problem in many countries. They don't allow for tax free micro transactions, like paying the coffee and stuff.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Ararbermas on July 06, 2021, 09:32:33 AM
For me in my personal opinion even my country accept bitcoin as a payment option such paying bills and etc,  i will never use my bitcoin in it and i would rather spend my cash than bitcoin,  you know why? because for your information buying bitcoin nowadays is so expensive wherein the fees is too high than before. so for that reason i will prefer to invest my bitcoin because 100 percent i can make money on that way..

we need to be practical mate, keep in mind that bitcoin is keep increasing the value and we don't have any idea what will be the situation in the future..


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: LogitechMouse on July 06, 2021, 09:57:00 AM
Straight Bitcoin to be paid to the merchants?? No because nobody is accepting Bitcoin here in my place.
The money that I'm using though in paying some expenses and monthly bills here came from Bitcoin. I'm just converting them to our own fiat currency.

Lightning Network adoption is taking very slow and because of this, the process of adopting Bitcoin for the establishments takes a long time to happen. I believe though that in the future when LN will be popular, the adoption rate of Bitcoin will be much faster - Faster than we could imagine :).


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: sulis sudibyo on July 06, 2021, 02:14:37 PM
if it's for online transactions, yes. I will use bitcoin or other crypto coins if possible. since these few years I've been less dependent on paypal for online payment matters. I prefer to use crypto if that place accepts it. I've been disappointed with centralized services like paypal or others. I can't be free to manage funds and I'm also worried if at any time I'm banned for no apparent reason. that's why I use crypto as much as possible, because I believe more.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: jaberwock on July 06, 2021, 06:58:31 PM
No, I almost don't pay for purchases using crypto, because I don't know where.
That's a common and well-known problem but you can find a list of all websites accepting BTC below.

Link - https://icoholder.com/blog/places-accept-bitcoin/

Please note that I am just sharing it because I saw this somewhere but I am not affiliated or connected with them by any means so use it at your own risk.

Most of the porn websites now accept cryptocurrencies as well but I know that's not the optimal use of BTC.

There are some BTC ATMs now available in select countries and there are many BTC ATM providers now that are facilitating such transactions.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: perfect999 on July 06, 2021, 07:14:05 PM
I believe the only limiting factor to spending bitcoins is the fact that there aren't so many merchants accepting bitcoins. I am of the opinion that people will spend their bitcoins if there are merchants accepting  it.
Even if I'm willing to spend my bitcoin, I wouldn't be able if there's no one accepting it. I also believe just like OP mentioned that bitcoin would attain mass adoption if bitcoin can be spent just like the fiat currencies we have now.
Another small problem is the confirmation timing and some merchants require 3-confirmations which wastes a lot of time. I cannot imagine going to a shop making my purchase, paying with bitcoins and waiting needlessly for an hour for 3-6 confirmations. Maybe this can be solved by the altcoins payment option in such places where the queue is long and people cannot wait.

If the store allows Bitcoin to pay, I believe everyone will pay with Bitcoin. However, there are no merchants in our country that can use Bitcoin to pay. If you use Bitcoin for large transactions, it is more cost-effective than using cash. Now the system is getting better and better, and soon we can use Bitcoin as a way of daily payment transactions. .
There are mediators like Bitpay that allow customers to pay with Bitcoins and allow merchants to accept Bitcoins and it's legal too but I think not many merchants are aware of such services and I am not sure how much they charge for the mediation between the customer and merchant.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: RILWAN on July 07, 2021, 05:18:52 AM
I visited an electronic store recently in my neighborhood to get a set of tv and I was so surprised that the store accepts Bitcoin as payment and I was so happy to pay with Bitcoin transaction was fast. This was the first time I pay for real-life goods using bitcoin without having to exchange them before payment.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ndalliard on July 07, 2021, 05:19:07 AM
Another small problem is the confirmation timing and some merchants require 3-confirmations which wastes a lot of time. I cannot imagine going to a shop making my purchase, paying with bitcoins and waiting needlessly for an hour for 3-6 confirmations. Maybe this can be solved by the altcoins payment option in such places where the queue is long and people cannot wait.

i do think you don't have the problem you mention if the merchants would use the lightning network (based on bitcoin) - there is no need to use altcoins for that


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: dezoel on July 08, 2021, 12:40:41 PM
I actually pay with Bitcoins at more places than an average user, I believe. I have been paying most of my bills via bitcoins, I will mention some of the services I use for various needs.

1- Bitrefill - For gift cards to do shopping with amazon, recharges for TV, mobile and even order gift cards for food delivery chains.

2- I purchase express VPN to remain anonymous and gladly they accept BTC

3- In a lot of places where I need to make direct payment, I always make a polite enquiry whether BTC is accepted and it is is, I pay with that only.

There are a number of other places I pay with Bitcoins but I cannot mention all of them because some are personal and some I can't recall quickly enough.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: tiCeR on July 08, 2021, 09:39:30 PM
I actually pay with Bitcoins at more places than an average user, I believe. I have been paying most of my bills via bitcoins, I will mention some of the services I use for various needs.

1- Bitrefill - For gift cards to do shopping with amazon, recharges for TV, mobile and even order gift cards for food delivery chains.

2- I purchase express VPN to remain anonymous and gladly they accept BTC

3- In a lot of places where I need to make direct payment, I always make a polite enquiry whether BTC is accepted and it is is, I pay with that only.

There are a number of other places I pay with Bitcoins but I cannot mention all of them because some are personal and some I can't recall quickly enough.

Hey dezoel, thanks for lining out these examples. Two question if I may:

1. When you pay express VPN with BTC, do they request your personal information? They are required to aren't they? Or do they provide a key two a specified email address or anything?

2. When you make all these payments with BTC, are you running into any tax related issues?


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: caryoscar on July 09, 2021, 01:49:16 AM
I believe that everyone in the forum hopes that one day they can use Bitcoin to pay freely, just as
The Pharmacist---First time paying in person with bitcoin: Computer Heads, this article is very popular with everyone, and it also shows that we do people hope that there are more and more application scenarios like this, although for now, this kind of scenario It is not common in my country, and similar experiences only exist for some payments between friends.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: TOM Bb on July 09, 2021, 03:40:02 AM
Why pay with Bitcoin?Bitcoin is a hedge against inflation, a savings vehicle.  HODL your bitcoin.,Never lost it.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ndalliard on July 09, 2021, 06:34:12 AM
Why pay with Bitcoin?Bitcoin is a hedge against inflation, a savings vehicle.  HODL your bitcoin.,Never lost it.
because i have to pay my rent for example - this hodl mentality has the assumption that people still have fiat left to spend...  ::)


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Obito on July 09, 2021, 06:54:50 AM
Of course but most of my purchase using bitcoins are big, probably in my country's currency it would be 6 figures so yes I do spend it on something whenever the opportunity permits to do so. I do hodl still but if I really want or need that thing and I don't have the fiat to buy it and I can buy it using bitcoin or other cryptocurrencies, I would grab the opportunity.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ndalliard on July 09, 2021, 02:17:14 PM
I would do this much more often if the fees were lower and more stores accepted crypto as payment.
the mempool is nearly empty at the moment - the perfect situation to prepare for higher fees, for example by looking into the lightning network


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: kawetsriyanto on July 09, 2021, 02:23:24 PM
Not this time, since, it is illegal to use Bitcoin as a means of payment method in my country although Bitcoin is legal as a commodity asset.
And so far, I never use it for global transactions because still doesn't relate to the merchants that I am using.

Why pay with Bitcoin?Bitcoin is a hedge against inflation, a savings vehicle.  HODL your bitcoin.,Never lost it.
Sometimes, somebody is willing to use Bitcoin for certain payments or transactions. It is not wrong to use Bitcoin for any payment if it is available. Some countries have also legalized and provided Bitcoins as payment methods inf merchants and also services.
Everybody has their own right to spend Bitcoin; for trading, investing/holding, or even using it for payment. 


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: bitzizzix on July 09, 2021, 02:26:36 PM
I have never used any purchases using bitcoin or any other crypto in any store or company, as it is not available and is still prohibited in the country where I live.
Bitcoin and crypto are only allowed for investment or assets are not allowed to make transactions, but I personally use bitcoin for transactions with friends who are involved with bitcoin or other crypto and he has online trading can make transactions using bitcoin or other cryptocurrencies secretly and there is also providing transparent fiat transactions.
So far I'm converting it to fiat to be able to make any purchases I want and other than that I'd rather keep it than use it unless absolutely necessary.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: perryxi2 on July 09, 2021, 03:03:02 PM
I am like you every month, I pay BTC for electricity, network money, as well as many other profitable transactions, so I feel BTC has existed in my life quite a lot.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: swiftbits on July 09, 2021, 03:49:41 PM
Just being honest, most of my Bitcoins are used for paying most of my bills; online payments are available; I convert it to fiat then use it to pay. It is very convenient. I just had those times I regret when the market became bullish. I already adapted to it and didn't feel bad about it.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: worldofcoins on July 09, 2021, 04:14:01 PM
— Let's have some fun.


I believe that the majority of the forum users want to see Bitcoin being globally adopted, including myself; I imagine people using it in their daily transactions for food, coffee etc. Lightning payments can tackle the scaling issue and the only thing left for Bitcoin to be used as a currency from the whole world is its mass usage. If the adoption rate increased so would the price's standability.

So, do you set a good example and pay with Bitcoin whenever you're able to or do you prefer not to spend your coins? I'll speak my personal view about this, in my country none of the merchants accept it and I rarely buy some hosting services from the internet. If they do accept it, I'll pay for it, but not because it satisfies me; it's just that I can't with PayPal. I'd prefer paying with PayPal for online services, because I may be scammed if they aren't popular.

Not sure why irreversibility is an advantage when you're paying an unknown person online. That's why I'd prefer having a third party for my online transactions.

What I think is just like PayPal has a function to reverse a transaction bitcoin has the same feature which is being able to Double spend any transaction which is RBF.
So it's a necessity to wait for at least 1 confirmation when accepting bitcoin, especially the transaction that's using RBF, I'm not sure if transactions not using RBF can also be used to double-spend but I heard it is possible to.

But waiting for a single confirmation in the traditional network of bitcoin will take at least 6-40 minutes, considering the minimum sat/B fee is paid for it to be included in the next block for sure, which is quite a hassle and you'll have to wait a lot if you're not in luck when using bitcoin to pay to a casual store or cafe, to fix this issue we can have apps that will pay directly to the store after using bitcoin to buy their credits, again you're using a third party to store your bitcoin in form of cash so it's not bitcoin completely but it's the only reason it will work.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ndalliard on July 09, 2021, 04:38:26 PM
What I think is just like PayPal has a function to reverse a transaction bitcoin has the same feature which is being able to Double spend any transaction which is RBF.
So it's a necessity to wait for at least 1 confirmation when accepting bitcoin, especially the transaction that's using RBF, I'm not sure if transactions not using RBF can also be used to double-spend but I heard it is possible to.

But waiting for a single confirmation in the traditional network of bitcoin will take at least 6-40 minutes, considering the minimum sat/B fee is paid for it to be included in the next block for sure, which is quite a hassle and you'll have to wait a lot if you're not in luck when using bitcoin to pay to a casual store or cafe, to fix this issue we can have apps that will pay directly to the store after using bitcoin to buy their credits, again you're using a third party to store your bitcoin in form of cash so it's not bitcoin completely but it's the only reason it will work.

i disagree. you are completely ignoring second layer solutions

comparing the rbf feature with paypals reversability is also a wide stretch. i wouldn't count transactions in the mempool as final, that is what you basically also say. but no "honest" vendor should accept zero confirmation transactions anyway. or maybe there are some, willing to take the risk


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BITCOIN4X on July 09, 2021, 04:54:22 PM
Quote
Do you pay with Bitcoin whenever you're able to?

Yes, why not. I'm in a country that still has regulation that prohibit the use of bitcoin as a means of payment. But I can still pay anything in bitcoin if the merchant agrees to accept bitcoin as a mean of payment. Previously I've bought voucher from someone several time and sent them bitcoin as a medium of exchange and I think that's okay right?


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: worldofcoins on July 09, 2021, 05:10:19 PM

i disagree. you are completely ignoring second layer solutions

comparing the rbf feature with paypals reversability is also a wide stretch. i wouldn't count transactions in the mempool as final, that is what you basically also say. but no "honest" vendor should accept zero confirmation transactions anyway. or maybe there are some, willing to take the risk

Can you explain the second layer solution?
Even if there’s a second layer solution you’re talking about then how will you fix double spend problem with unconfirmed transactions, which is unfixable because you’ll have to wait for 1 conf.. atleast and that will take a lot of time considering the queue of customers behind you waiting for you to make complete your payment, funny.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: DarkDays on July 09, 2021, 05:34:03 PM
Of course but most of my purchase using bitcoins are big, probably in my country's currency it would be 6 figures so yes I do spend it on something whenever the opportunity permits to do so. I do hodl still but if I really want or need that thing and I don't have the fiat to buy it and I can buy it using bitcoin or other cryptocurrencies, I would grab the opportunity.
I agree, when there are chances to spend BTC instead of fiat, of course, I do it but it never comes at the risk of not being left in the market. While, it's important to HODL it is also just as important to make sure that you can sustain your expanses without getting into unnecessary debt :)


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: randegibran on July 09, 2021, 09:04:07 PM
it's not that I don't want to pay with bitcoin, but my country has.not.ratified bitcoin in.that country, if.later this country wants.to adopt.bitcoin as a legal medium of exchange then I will do the same.thing that I will do to pay for anything I veli with payments.using bitcoin, we currently. cannot.do it because my country has.not yet.adopted it, except for the country of el Salvador which may have adopted.bitcoin as a legal currency as a means.of payment


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: erep on July 09, 2021, 09:15:36 PM
Unfortunately there are no local providers that allow the use of purchases other than using fiat currency, but for global trade I contacted personally for payment transactions using btc or altcoin because the transaction process is very fast making trade time friendly between sellers and buyers, some of the global trades are very responsive when they are paid with btc.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Ryker1 on July 09, 2021, 09:54:34 PM
Well, I would love to use it as payment but unfortunately, --here in my country there are no private establishments that accept bitcoin as a mode of payment but there is an exchange or a local wallet that support it as an E-payment system through fiat but you need to convert your bitcoin into fiat and then use as a payment system, not exactly you will use bitcoin as payment.
However, for me --most likely I will never spend my bitcoin if that is not necessary, I prefer to store it and make the value increase.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: clint25n on July 10, 2021, 05:41:58 AM
for now we still cannot use bitcoin as a legal medium of exchange for a buying and selling transaction process because my country has not legalized bitcoin as a legal medium of exchange in my country. legal. but if it's already valid I think everyone will also want to do that. moreover we can also use large amounts to make these transactions


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: zanezane on July 10, 2021, 07:41:52 AM
Unfortunately there are no local providers that allow the use of purchases other than using fiat currency, but for global trade I contacted personally for payment transactions using btc or altcoin because the transaction process is very fast making trade time friendly between sellers and buyers, some of the global trades are very responsive when they are paid with btc.
Well, you can try to use it to buy items P2P, that's what I do whenever I buy a collectible in Facebook Groups or Marketplace, I talk to them if they accept bitcoin or any cryptocurrencies for payment but the only exception is if the price of the collectible are around 4 figures in USD.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: tiCeR on July 10, 2021, 11:49:46 AM

i disagree. you are completely ignoring second layer solutions

comparing the rbf feature with paypals reversability is also a wide stretch. i wouldn't count transactions in the mempool as final, that is what you basically also say. but no "honest" vendor should accept zero confirmation transactions anyway. or maybe there are some, willing to take the risk

Can you explain the second layer solution?
Even if there’s a second layer solution you’re talking about then how will you fix double spend problem with unconfirmed transactions, which is unfixable because you’ll have to wait for 1 conf.. atleast and that will take a lot of time considering the queue of customers behind you waiting for you to make complete your payment, funny.

Aren't second layer solutions mainly meant to solve micro transaction problems? Who is going to try a double spend attack for a couple of dollars? I am not quite sure if I understand all of the second layer solutions, but would someone who is willing to double spend attack a second layer transaction also have to have the majority of the hash power?


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: ndalliard on July 10, 2021, 02:05:16 PM

i disagree. you are completely ignoring second layer solutions

comparing the rbf feature with paypals reversability is also a wide stretch. i wouldn't count transactions in the mempool as final, that is what you basically also say. but no "honest" vendor should accept zero confirmation transactions anyway. or maybe there are some, willing to take the risk

Can you explain the second layer solution?
Even if there’s a second layer solution you’re talking about then how will you fix double spend problem with unconfirmed transactions, which is unfixable because you’ll have to wait for 1 conf.. atleast and that will take a lot of time considering the queue of customers behind you waiting for you to make complete your payment, funny.

sorry, i missed your question. you always have to wait for at least 1 conf, transactions in the mempool don't even count as final in my mind. for example on the lightning network you open a channel with 1 transaction on the base layer, you wait for as many confirmations/blocks you like, after that you can use the channel "infinitely" until one day you settle on the base layer (1 more transaction). so if everything works as expected you touch twice the base layer to do "unlimited" transactions inside the channel. you go to the merchant with an already open and confirmed channel, you don't open a channel when you are standing in line to buy something. hope that is clear. the lightning network is fascinating, you should look into it  :) (there are other scaling solutions, but i am digging into lightning atm)

Aren't second layer solutions mainly meant to solve micro transaction problems? Who is going to try a double spend attack for a couple of dollars? I am not quite sure if I understand all of the second layer solutions, but would someone who is willing to double spend attack a second layer transaction also have to have the majority of the hash power?

see my answer above, there is no problem with double spends (someone more intelligent than me correct me if i am wrong). and you are right, that second layer solutions are primarly meant to buy a coffee for example, a transaction not everyone running a full node needs to have in its ledger. but that doesn't exclude larger transactions. on the lightning network they removed a limit not long ago, so now there are quit big transactions possible. depends on how you define big, we mostly compare the sats sent to the dollar value, which will go up infinitely in my opinion


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BlackHatCoiner on July 10, 2021, 02:16:58 PM
However, for me --most likely I will never spend my bitcoin if that is not necessary, I prefer to store it and make the value increase.
Unfortunately, that's the “prevailing opinion”. That you should not spend it, until it worths spending it; the problem is that if you don't spend it, it may never worth spending it.  ;)

I am not quite sure if I understand all of the second layer solutions, but would someone who is willing to double spend attack a second layer transaction also have to have the majority of the hash power?
Not exactly.

Well, obviously if someone gained the majority of the hashrate, he could disrupt the main layer which would then disrupt the second. But, straightly for the second layer specifically, you can't double spend funds.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: tygeade on July 13, 2021, 02:49:17 PM
I don’t use bitcoin for a transaction to an unknown person, the only transactions I make are to people that I know. I have used Bitcoin once for buying something online and the experience wasn’t a good one and I ended up regretting it.

Apart from the fact that you will have to wait for the seller to confirm your transaction, you’re also likely to be scammed, which is one reason why I do prefer making use of other payment methods because you’re going to safe using them, and hardly get scammed because their transactions can be reversed if you happen to be scammed. But if I should see a shop that is accepting Bitcoin as a payment method, for sure I would like to pay with Bitcoin, since you can’t be scammed when it has to do with face to face transactions.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Rruchi man on July 14, 2021, 03:42:12 AM
The truth is many of us bitcoin HODLers seldom use bitcoin to pay for things especially because bitcoin is generally viewed by many as an investment strategy, that is a way to get more from your money due to its high volatility. As a result, many like myself are seeking for ways to get more bitcoin rather than spend from the little we have.

If however i want to transfer money to someone in a far away country, and its a substantial amount, i can convert a part of my BTC HODLings into a coin with a lower transaction fee to send out or make the transfer in BTC if its small and the seller of a service or product i need so demands his payment in BTC.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: Tina H on July 15, 2021, 07:28:22 AM
I am very willing to use Bitcoin to pay and even I will encourage my friends around me to pay with Bitcoin. In fact, every very small Bitcoin transaction increases the circulation rate of Bitcoin in the market. I think this is very meaningful. When a currency has circulation and a market, it can become a currency in the true sense.


Title: Re: Do you pay with Bitcoin whenever you're able to?
Post by: BlackHatCoiner on July 15, 2021, 04:56:56 PM
The poll was a great idea to expose how Bitcoiners see their currency. It seems that 51.9% of them would use it as a medium of exchange and they'd prefer paying with it rather than with their fiat, while a worrying 49.1% seems to have a different opinion. Let's see how far can the global adoption reach with that attitude...

Anyway, thread closed. (It's being derailed for a week now)