Do you think twice before paying with Bitcoin?

[nandamo]

I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?

Same here, I also felt the same when I'm paying using BTC, like paying it now then tomorrow btc price went high. I would regret a lot for paying btc.

[audaciousbeing]

I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?

I feel that way sincerely and I am sure a lot of people feel that way too and its largely due to our default thinking that the price will increase then you would blame yourself that you wasted too much to buy at the time. The people in the crypto community are also not helping matters as they are quick to open write an article on how you buy a shirt with .01btc and now worth $2000 but we all forget that its not always the upward every time because if I had buy sometime in January, I would be at an advantage today. This is one of the challenges facing bitcoin today as a lot of people see it as an store of value rather than medium of exchange and until we change that mentality, the volatility will not stop.

[Pancheng]

Paying with bitcoin is a little bit tricky since the prize is volatile, so if you have something to pay now, pay it today and if you agree with a value, today's or the day you made the payment will be the basis of the transaction, so if it change tomorrow, lower or higher, it's not your fault.

[rockie87]

I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?

I think twice before paying anything as they are hard earn . But seriously yes these has happen with me also.Everytime i try  to make payment with bitcoin,i think that prices might go up and i can loose something here so i change my mind and go with fiat.These problem will occur with everyone as people are still looking bitcoin as mode of profit not as a normal currency.

[Kprawn]

I am never worried about this, because I would have spend that amount on whatever I bought with cash or with my credit

card. You would not have hoarded those coins in any way, so why would you have FOMO, if it was part of your plan to spend

it? If you use your bitcoins on unforeseen expenses, then you should just buy it back. Nothing too complicated here, let's

move on. 

[Fazlurkhan.kz]

What affects me the most while paying with bitcoin is its transaction fee. There have been numerous past incidents where I had allocated specific amount of btc to purchase a RAM that I wanted and I waited for the fee to fall and when it actually did I assumed it would be low for long and delayed paying for my RAM and thats when i realise its transaction fee is way higher volatile than bitcoins value itself.

[Doge dealer]

yes i do , however i'm always clear to the fact that in paying with bitcoins im assisting its growth because the more you use bitcoins to pay for an item the more likely it is that new merchants will come on board and start accepting it as a legitimate form of payment . once sellers begin to realize that there is a demand to pay for items using the crypto then more persons will begin to accept it as a legitimate form of payment so paying for items with bitcoins is very necessary if we intend to encourage growth and development of this ecosystem.

[arienna23]

I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?

I feel that way sincerely and I am sure a lot of people feel that way too and its largely due to our default thinking that the price will increase then you would blame yourself that you wasted too much to buy at the time. The people in the crypto community are also not helping matters as they are quick to open write an article on how you buy a shirt with .01btc and now worth $2000 but we all forget that its not always the upward every time because if I had buy sometime in January, I would be at an advantage today. This is one of the challenges facing bitcoin today as a lot of people see it as an store of value rather than medium of exchange and until we change that mentality, the volatility will not stop.

I agree with you. I don't fear much though. But yeah, we have to change our mentality. Everyone thinks of bitcoin as an investment rather than medium of exchange. Not sure when it would stop though.

[barabut]

I never pay with crypto till this time and still not future plans for paying with it. My concern is the value in USD today worth 100usd for the asset that I bought could worth 200USD after ten minutes due to the sudden price changes and the volatility. I prefer to pay with fiat money.

[bitctrimor1]

I don’t know exactly everyone who has bitcoin is now still used as a means of payment or not, because at the momment bitcoin in my mind more serves as an asset. The consideration to use bitcoin as a means of payment it’s just not a volatile price, slow transaction processing and highfee will be the next consideration.

I agree. I think that's how many of the members here and the seasoned cryptocurrency users think. I think using it as a means of payment would be the weakest way to use it because there are so many other profitable and effective ways on using it such as an investment or trade medium. Nowadays, you would see less and less people seeing it as plain currency comparable to money that is used to pay for everyday purchases and services. I think since that happened, it could teach you that you should really think twice before using your Bitcoin just like that.

[Yaunfitda]

I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?

What I encounter is that if I want to pay using my bitcoin, the price is always on the negative that's why I choose fiat instead of my cryptos.

But yeah, sometimes I have the same feeling that if I used bitcoin today, it might go up in the next couple of month and regretting my decision earlier. So FOMO is real. lol.

[CutieKeisha]

no, not really. bitcoin is really nice to use.

[passwordnow]

I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?

Yes it's happening to me that I regret paying with bitcoin because by the time I use it I'm thinking is, what if the price goes up.

[StonedWolf]

Some of these sites can even give you ebay coupons that help you buy from there. It is really great to see such a progress in recognizing bitcoin. I hope that , other sites start accepting it. It is about time. Even game sites should do it. Bitcoin is the currency of the future. They should all adapt.

[mobnepal]

I am trading bitcoin daily and getting profits out of it, I keep my profits in USDT or USD to be used in future. So price volatility don't affect me because I will just convert those profit back to bitcoin at the time of my purchase so that I will get same value of my coin at which I have bought them.

But yes volatility affects on your bitcoin spending as price swings between few thousands within 24 hour, you are in risk of either losing 10% value or 10% gain in value between sell/buy price.

However these days there is no any network congestion so paying with bitcoin is not quite expensive like before.

[bitllionaire]

I don’t know exactly everyone who has bitcoin is now still used as a means of payment or not, because at the momment bitcoin in my mind more serves as an asset. The consideration to use bitcoin as a means of payment it’s just not a volatile price, slow transaction processing and highfee will be the next consideration.

I agree. I think that's how many of the members here and the seasoned cryptocurrency users think. I think using it as a means of payment would be the weakest way to use it because there are so many other profitable and effective ways on using it such as an investment or trade medium. Nowadays, you would see less and less people seeing it as plain currency comparable to money that is used to pay for everyday purchases and services. I think since that happened, it could teach you that you should really think twice before using your Bitcoin just like that.

To me very honestly i think trice before sending bitcoin to anyone, in fact there is no retun possible if you will send your bitcoin on a wrong address, and i have earned my mone with extrem hardwork. therefore i will never like to lose my money so easily, In fact in furture i already make some mistakes which also made me more cautious.

[SUDARMONO]

I also feel the way you feel, with repeated payments that weigh heavily on transaction costs, but if this is the best course I would have done.

[TepungBeras]

I always thought of paying with bitcoin, and usually I prefer to exchange bitcoin with paper money first to pay for something.

[CarltonWyatt]

Yes, all the time and if for some reason I do have to send/spend bitcoins I always buy back the exact amount. The fomo is real

[PuertoLibre]

Bitcoin isnt accepted as worldwide payment method so there is no reason to hurry up about buying daily stuff while paying in bitcoin. I always check transaction address twice and control miner's fee in order to send best possible time without any delay. I dont want to get in trouble with someone specially if there is no refund feature in cryptos that is the reason behind to check receive address few times.