Bitcoin Daily Living

[agentx44]

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin


Who here uses Bitcoin daily or lives on the financial crypto market?




I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

In my case, I don't casually use bitcoin. I use it only when I'm investing. I get it that we can use it in plenty of ways daily but I am not into using its full potential and capability. I think also that it would be more risky if you will use bitcoin daily knowing that frauds and scams are everywhere nowadays. You can use bitcoin for convenience but always make sure you are using it in the right way and avoid involving yourself in illegal activities in collaboration with bitcoin so that you can really get the most from it even on a daily basis.

[Artemis3]

I have been living (surviving) from what little bitcoin income i managed to obtain online for the last couple of years. Living with bitcoin is simple: You only spend what you must, and keep (hold/save) the rest. Since almost no one accepts bitcoin directly here (despite misleading news), this means exchanging it prior to going out to buy.

This is probably unsuitable for most people, unless you live in a "subsidized" environment such as with your family where you wouldn't need to pay for food or rent, or a country with a broken economy...

Ideally a "proper" job (hundreds, instead of tens of USD equivalent a month) with bitcoin payment would suffice, or fiat paid and you exchange all you can. Yes i know in rich countries you are supposed to earn thousands of USD/month to live, but lets ignore the rich...

[Oceat]

Bitcoin adoption in my country is not widely accepted, as many people in our country are not yet aware of this technology. Me, I only use bitcoin when I pay for water bills, electricity and internet bills. I also use it for local online shops here in my country because they are accepting bitcoin but it is automatically converted to fiat money.

Instead of using it on your daily lives I think it would be better if you could just earn and hold it. Aren't you aware of the coming bull run? You could have earn more profit by next year if you could just hold it until the right time to sell. You were that not all people are aware of that innovative technology yet. Bitcoin will be the future gold and look at how things are going in 10 years.

[Shenzou]

In some parts of the world it might be easier for people to use bitcoin as a day to day payment method given the percentage of crypto awareness in that part, but due to to the lack of trust and investment in it in some other part of the world it is hard to us to do so, since we live with other people, we are forced to  act the way the world and the society  forces us to, so you can't buy food or take transport unless you pay with fiat, now you could try and live of bitcoin and crypto using indirect ways that includes bitcoin debit cards or other services, but it does not feel right, it is not using bitcoin. which is the whole purpose of using it to promote it.

[xiboothrezi]

The Biggest challenge that Bitcoin faces is its speculative price. The fluctuations of Bitcoin are not sustainable for making daily purchases

This is the fact why bitcoin is not suitable as a means of payment.  The price is easy to change at any time, so it is not suitable to be used as a measure of the price of an item.
Especially for micropayments, it is more effective to use fiat.  While bitcoin, with its potential, is more suitable to be used as an investment tool and trading commodity.  Meanwhile, even if you want to be used for payments, with the ease and speed of delivery, it is more effective for macro payments.

[crypto_fan_boy]

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin


Who here uses Bitcoin daily or lives on the financial crypto market?




I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

Well,that's good for you. Here in my country i can use bitcoin for online transaction,selling or buying selected product but using bitcoin as daily living it's not. You still need to convert it into fiat before you can use it anywhere or even to buy goods and services.

For now, yes. It is mostly a convenient online payment method, good and fast alternative to paypal but using blockchain. The thing is, that cryptocurrencies are getting more and more improved, fast, safe and convenient to use in everyday form. I mean alts ofc, but bitcoin itself could be improved as well, if it adapted and used some useful improvements found in today's most used alts.

[gantez]

Instead of using it on your daily lives I think it would be better if you could just earn and hold it. Aren't you aware of the coming bull run? You could have earn more profit by next year if you could just hold it until the right time to sell. You were that not all people are aware of that innovative technology yet. Bitcoin will be the future gold and look at how things are going in 10 years.

Imo , do you know if the person has something to eat while hodling and expecting for a future rise? Or would you starve to death while you can safe yourself by yourself ?  I don't think is a wise decision to have a solution of selling your coin while being infested with a deadly I'll health that could kill and not safe your life first.

[Swordsoffreedom]

We can use Bitcoin to pay someone services then in some transaction also worldwide but you know volatile price of it is a big deal like this is really more often use for an investment by many users another thing someone really accept this like in cards but we do hold or save this still for an investment,Moreover Bitcoin can works as a payment method worldwide

I don't buy the "volatility" argument anymore. Well yeah, it's volatile compared to USD but why is the USD the reference? Reference should be something that keeps the value but dollar is not the case. Just look at what could you afford with $100 a decade ago and now. Or 50 years ago. 100 years ago. Dollar is volatile too. Its value is constantly decreasing. This is not the case with Bitcoin.

[Oceat]

Instead of using it on your daily lives I think it would be better if you could just earn and hold it. Aren't you aware of the coming bull run? You could have earn more profit by next year if you could just hold it until the right time to sell. You were that not all people are aware of that innovative technology yet. Bitcoin will be the future gold and look at how things are going in 10 years.

Imo , do you know if the person has something to eat while hodling and expecting for a future rise? Or would you starve to death while you can safe yourself by yourself ?  I don't think is a wise decision to have a solution of selling your coin while being infested with a deadly I'll health that could kill and not safe your life first.

If a person had a regular job. Yes, he can hold and buy more during dip of the market. It's not necessarily you have to spend lots of Bitcoin to cash out instantly for your daily expenses. But if you don't have a regular job or any business that you could make some money then I feel sorry for your lose.

[TimtheYoutuber]

We can use Bitcoin to pay someone services then in some transaction also worldwide but you know volatile price of it is a big deal like this is really more often use for an investment by many users another thing someone really accept this like in cards but we do hold or save this still for an investment,Moreover Bitcoin can works as a payment method worldwide

Bitcoin has really good transaction properties, however the price fluctuations make it harder to make daily transactions. You would have to hope that the price of bitcoin rises to be able to afford items you could have bought yesterday. Thats a problem.

[makolz26]

If a person had a regular job. Yes, he can hold and buy more during dip of the market. It's not necessarily you have to spend lots of Bitcoin to cash out instantly for your daily expenses. But if you don't have a regular job or any business that you could make some money then I feel sorry for your lose.

We do have different state in life, so for some people they are cashing out all the fund they have, then it is fine, this has been part of their daily living, we should understand it, but if one people would like to make Bitcoin as a way to save money as he has a lot of money reserve for their daily life then it is better, but, I would not recommend him to save everything in Bitcoin, but to cash out other his income and just leave fund reserve for investment.

[Colt81]

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin


Who here uses Bitcoin daily or lives on the financial crypto market?




I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

In my country, It will be difficult for me to spend my bitcoins to provide my daily needs or necessities because there are only few stores here who only accepts bitcoin as a currency, that is why I usually convert my bitcoin into fiat just for me to provide my needs. I can only used my bitcoin to pay bills, buy prepaid loads, game credits, and the things that i ordered in online shopping.

[7788bitcoin]

Bitcoin has really good transaction properties, however the price fluctuations make it harder to make daily transactions. You would have to hope that the price of bitcoin rises to be able to afford items you could have bought yesterday. Thats a problem.

If you ignore the dollar fiat valuation and the daily fluctuation and consider bitcoin as a valuation when you entered then these sort of hiccups can be avoided but there are a lot of development left and the developers are behind it and hopefully in the near future we will have a solution that we could scale and able to send the coins without much transaction fees, even now the transaction charges are low but if the network is congested it will take some time for verification and as a merchant you cannot accept the coin if there is a longer confirmation time.

[Blackdeath]

Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoin


Who here uses Bitcoin daily or lives on the financial crypto market?




I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product)

Well, I also used bitcoin as a daily living because I used some of my earnings from bitcoin to provide the things that I need for 3 years, that is why bitcoin and cryptocurrnency is everything to me that without them I couldn't do the things that I can do today. Bitcoin is really helpful for everyone's daily living because it can help a person who doesn't have any source of income.

[crisanto01]

Well, I also used bitcoin as a daily living because I used some of my earnings from bitcoin to provide the things that I need for 3 years, that is why bitcoin and cryptocurrnency is everything to me that without them I couldn't do the things that I can do today. Bitcoin is really helpful for everyone's daily living because it can help a person who doesn't have any source of income.

It's so happy to see that there are lots of people out here that making money thru cryptocurrency that's helping their daily life, just like mine, yeah, just like you, without crypto, we will be in short budget always, I don't have fixed income for now, I don't have stable job, and trading and joining campaign has been a big help in our daily life, so I am so much thankful about this too, not that much compare to others but for me a big help.

[SaShiRaJaVu]

Well, I also used bitcoin as a daily living because I used some of my earnings from bitcoin to provide the things that I need for 3 years, that is why bitcoin and cryptocurrnency is everything to me that without them I couldn't do the things that I can do today. Bitcoin is really helpful for everyone's daily living because it can help a person who doesn't have any source of income.

If you find a good job then you do not need to depend on these bounties alone and hope you wont go into depression when all the campaigns end as you will have no other job  . Not sure about your qualification but to say that you can use the bounty to make a living is just outrageous and come on is this a source of income  . Hope you will find a job rather than wasting your life as these things will not last but if you are an investor it will change your life but that is not what you are doing here.

[wozzek23]

I am not a seller of product, so I would not say that I have been able to contribute in that aspect too but it is my desire too that one day, I won a platform where I can sell products and be able to introduce bitcoin as the main payment for my goods and them use fiat as an alternative of payment for those that are still finding it difficult to use cryptocurrency while I will try my best then to actually create awareness of it for those people.

For moment, the only way that I get engaged with bitcoin on a daily basis is because I am a trader, and the kind of trading that I chose to go for is the day trading which makes me to have an encounter with bitcoin on a daily basis and I save it in my wallet without touching it except maybe I am transferring it for same trading purpose.

[CarnagexD]

I don't live on crypto-only because I can't pay bills and buy food with it. I do however buy almost everything else with crypto and my income revenues include bitcoin as a payout method alongside all the normal banking ones and PayPal which is nice to see because being paid used to be a problem for me. They always wanted me to have a Paypal or something. The bank I use doesn't support Paypal.

You can't really live with cryptocurrency in your pocket to do your living, we are not established yet with using such currency in digital form. There are just some of businesses that accepts it, you can't even spend a day  with just using crypto, not at all. Big companies like paypal, microsoft and Amazon isn't that much for you to need daily. There are already significant change in banking system these days as some are already open with using crypto for payment settlements, good for client in terms of conveniency.

How does the bitcoin debit system with Bitpay work? How has it been for you?

Bitpay works great simply because I enjoy its 1% transaction fee at hassle free transaction every time I buy from a merchant in Bitpay. I just don't know if they charge currency conversion fee, or it same goes with their transaction fee rate.

[Duzter]

Well, I also used bitcoin as a daily living because I used some of my earnings from bitcoin to provide the things that I need for 3 years, that is why bitcoin and cryptocurrnency is everything to me that without them I couldn't do the things that I can do today. Bitcoin is really helpful for everyone's daily living because it can help a person who doesn't have any source of income.

It's so happy to see that there are lots of people out here that making money thru cryptocurrency that's helping their daily life, just like mine, yeah, just like you, without crypto, we will be in short budget always, I don't have fixed income for now, I don't have stable job, and trading and joining campaign has been a big help in our daily life, so I am so much thankful about this too, not that much compare to others but for me a big help.

It is always suggested to have a day job that pays with an earnings. When we talk about bounties and campaigns we can't depend on it completely. If someone asks for, and if you don't have any campaigns to participate then it'll affect your daily living. Good is to know the need and make the right decision on spending.

[fuguebtc]

Well, I also used bitcoin as a daily living because I used some of my earnings from bitcoin to provide the things that I need for 3 years, that is why bitcoin and cryptocurrnency is everything to me that without them I couldn't do the things that I can do today. Bitcoin is really helpful for everyone's daily living because it can help a person who doesn't have any source of income.

It's so happy to see that there are lots of people out here that making money thru cryptocurrency that's helping their daily life, just like mine, yeah, just like you, without crypto, we will be in short budget always, I don't have fixed income for now, I don't have stable job, and trading and joining campaign has been a big help in our daily life, so I am so much thankful about this too, not that much compare to others but for me a big help.

It is always suggested to have a day job that pays with an earnings. When we talk about bounties and campaigns we can't depend on it completely. If someone asks for, and if you don't have any campaigns to participate then it'll affect your daily living. Good is to know the need and make the right decision on spending.

This is correct. Cryptocurrency is full of wild swings and one needs to have a reliable source of income (job, business) to meet daily needs. I do earn a lot from crypto but I am not 100% dependent on CC for living, I have a job that keeps my paying every week.