If there isn't any sort of bitcoin service that you can use in your country for paying bills, then you're out of luck. You can simply do what most bitcoin-only people do though; sell a bit of bitcoin each month solely for your bills.

Use your salary to buy bitcoin after every paycheck, and leave some fiat for your bills. It's that simple.

Even in the worst case scenario, I don't think it will fall to the point of disappearing easily, as there will be a large group of fans who believe in bitcoin

I would like to read your opinions about this topic, what are the reasons? Why is it Illegal? the fact that it is for earning & living?   May this answers we have here nailed in everyone's mind in this forum. For learning and importance.

I mean, it is to be expected. the government legalized bitcoin so it is the logical move for the business to start accepting bitcoin. and as time passes if the usage of bitcoin in El Salvador increases because of the legalization of bitcoin I'm pretty sure more businesses in El Salvador will start accepting bitcoin too.

Obviously it’s nice to take some profits at times. I’ve been HODLING since 2014 & sold hardly anything. I will make bigger sells in Q4 though as I expect more ath’s towards the end of 2021. Never sell your whole stash though, bitcoin is going to gain more & more mainstream adoption as the years pass. We will probably see $1,000,000 per coin in the next 20 years.

Bitcoin could be viewed as an alternative to banking system, and we don't need to deem it as safe haven. Actually there's no asset that is safe, even gold and oil fluctuates.

What bitcoin can offer is that it can somewhat been a leverage, but we have to understand that it is very volatile as well, so that risk is high.

I think it's normal though, and it's obvious that the wallet provider faces some congestions, so it's going to be bumpy in the beginning. Even huge exchange such as Coinbase will suddenly went offline or in a maintenance mode when they are overwhelm by huge trading.

So the big question is how Chivo Wallet will react to this because for sure a lot of El Salvadorian are going to used their services. Consider this as one big test for them.

Bitcoin is a coin, not a token. A certain crypto-asset is a "token" if it's a sort of subset of a cryptocurrency.

e.g. Ethereum ERC-20 tokens, Binance Smart Chain's BEP-20 tokens, Solana SPL tokens, etc.

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

Exchange to stable coin might be a forward answer to protect from volatility and only trade with some portion of your money to prevent from huge loss. Volatility is the purpose why people are trading with Bitcoin, since they have a chance to made good sum money rather than other trading asset. Made 1% profit each day is already good, don't be too greedy or you could loss.

There are lot of groceries stores around me but they all belong to same category like accepting cash or card related payments and bitcoin is not as much famous in our locality. I often went to buy stuff on my own but this time an unusual thing happened with me. As I was passing by the road I see a board up the store that bitcoin payments are accepted here and was surprised to see this and immediately went in to meet the owner out of curiosity. It is not a big store and you can buy regular stuff from there like groceries and some food packaging materials.

     
 I talked with him and I was surprised to see that he has all the technical details of the bitcoin working and he appreciated the bitcoin exposure more and more and was accepting it that's why. It was good to have long discussion with him and sharing our thoughts on the same was really good experience. .At last I thought to interview him and share the same with you all guys which I thought must be good idea. So here is the interview session with him :

Q1 How did you come to know about bitcoin?
Ans. It was 3 years back actually when there was news about bitcoin and other cryptocurrencies and it was new term for me and being interested in technical things from the start i became keen to explore bitcoin to know exactly what it is and how it works.So i made deep research about it and it opened up new decentralised door for me.


Q2 So did you know the technical working of bitcoin?
Ans. Yes i am aware of the technical working of bitcoin although i am not a programmer but I have learned about the mining process and how transactions are made and recorded on public ledger which is called blockchain.There are many things in the backend of which i am aware about (i was happy listening to him)

Q3 Do you think bitcoin is better than fiat?
Ans. Undoubtedly, bitcoin is our funds and fiat is centres funds and they can prohibit users making transactions and ask documentation for the same but bitcoin comes with freedom so we both must be of same thinking 😄


Q4 How many customers pay with bitcoin here?
Ans. There are some users who are paying with bitcoin and i was also surprised to see that thing as bitcoin was not famous here but you can say that i have 4-5 regular customers making btc payment to me.Hope to see numbers increasing.

Q5 How do you accept bitcoin payments?
Ans. First i was not having many customers paying with bitcoin on regular basis so was accepting payments with my qr code set up on front desk.But it usually takes 8-10 minutes for 1-2 confirmation but now i am having 6-7 customer fixed so will be opening LN channel with them on any wallet like phoenix to avoid such issues.

Q6 Do you convert it to fiat or holding to your funds?
Ans. Actually i can't hold all my funds in bitcoin which is my bad luck as this store is my source of earning and i have to refill the stock regularly so i need to have cash with me as they don't accept btc payments still.So.i have set up my rule like what i need is converted and profits partially are hold in bitcoin.Like i made $100 profits then i will hold $40 in btc and rest i need them.

Q7 Fees and Volatility don't affect you?
Ans. I usually convert payment in btc at the last of month and in single transaction so whatever the fees is i don't care because i am going to use it anyway.I also get cash profits also so not major loss and know when prices will rise profits will be enough to cover all those past expenses.

Q8 Do you think government Should legalized its usage?
Ans. For sure the the underdeveloped and developing countries need to regulate bitcoin and give it legal status to boost their economy and leave the pessimistic approach to have full control over the people otherwise they will still lag behind in every term and inflation would kill the economy.


Q9 What security measures do you take to secure your funds?
Ans. I am using hardware wallet Ledger Nano S for this and have backed up my seed phrase in various locations which are easily accessible by me not everyone.(This was best part i wasn't expecting from him )

Q10 How much user growth you see in bitcoin payments?
Ans. See at this moment i have less users but soon more will be paying with the same method and i believe it.

Q11 What message you would like to give to the readers of this interview session between us?
Ans. If you want to revolutionize the world and be free from central capitalism and take control of your funds then don't fear Bitcoin rather be part of it and invest, accept or pay with it and you will have great future ahead.


This was one of the best bitcoin talk I have recently made with an completely stranger person few moments ago but now we share a btc bond that is unbreakable like the network and will buy groceries from him monthly by opening a LN channel with him along with his other 5-6 customer and decided to meet him whenever we have time to talk. I also introduce him to the bitcointalk forum and told him that he can learn even more from here and can ask any his question related to bitcoin and seek advice of senior members on technical topics also and they will be ready to help you a lot.BTC

Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows:

1) People think Bitcoin as tool to become rich overnight

The main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 


2) People ignore the volatility factor and past Crashes

Many new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement:


When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future.

3) Whales manipulation and FUD

This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.

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WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT.

ATM bitcoin on gas stations or on shopping complexes doesn't make much difference. Because all are a public place and pretty easy to use as well. Increasing Bitcoin ATM means it easier to use your funds although transaction fees are quite high, at least there is real use. Bitcoin ATM is effective adoption for bitcoin. As much as Bitcoin becomes easy to use the value will increase rapidly. The value doesn't mean the only price, value fully depends on the community. Hope soon we will see more Bitcoin ATMs everywhere.

providing good evidence is a way to recover from their bad experiences. bitcoin was not actually created for evil, it's just that people were shocked by the events that happened to them, it became one of the less favorable moments. I suggest providing education and understanding if bitcoin in the digital era has now become a profit-generating need and not for a negative thing

Most of the time bitcoin haters were the newbies to the cryptocurrency market. Beginners just get into cryptocurrency trading or other form of investment believing it as a way to make profit. Fortunately this won't happen everytime, and when the market doesn't support the predictions what happens is loss. This time the user doens't have the mind to accept the mistake, but states that cryptocurrency market is wrong. This is how haters emerge in the market.

Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.


For the use as a currency, it's always better to have the reference of USD so that we can ensure that we aren't spending more than the retail price of a product.

1 bitcoin = 1 bitcoin formula doesn't apply here! The price swing still doesn't make bitcoin a spendable currency. If bitcoin price stabilizes, then possibly more people will be interested in using bitcoin as a currency system. But as of now, I personally would want to save every bit of my bitcoins rather than spending it.

I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

But as a dump then came in crypto market, for every investor it was really a great shock.

What you people say about this topic ?
Should we invest just like them or should start with a less amount ?

as Bitcoin came down in past months . it can be a great loss for those who invest madly !

Must drop your suggestion !

Everyone has its aim price especially those who trade regularly, there's someone who will sell no matter what's the situation is. For those who panic sell, sometimes its related to the current news, on what we can see on twitter, socmed and frauds. But I see no reason why would someone will think btc price will go to zero, not unless of you're craig.

How is it really any different from the loyalty/vip programs other sites offer? It's all the same IMO just in a different way.