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Author Topic: Bitcoin Daily Living  (Read 1775 times)
Aikidoka
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November 18, 2019, 05:59:01 PM
 #81

Bitcoin is a digital currency as that is perfectly working at any time, which we can convert to our daily living, which depends the level of operation, How ever, the price of BTC is keep fluctuating as it stated at the article you posted, and is a reality things we are facing, Finally bitcoin is a financial freedom.
Digital currency like bitcoin is an amazing thing that we can use daily instead of using credit cards or cash, it's even secure and easy, with few clicks using your phone you'll be able to transfer any amount of money to anyone in the whole world without a high transaction fees or any problems. So it's kinda good to be used for daily living, but the problem is that not all people have it and most of the people who have it, they're holding it because they knows how valuable it is in the future.
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November 18, 2019, 06:09:12 PM
 #82


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.
A must thing should be considered by anyone of us specially to those people who do tend to stop or leave their day job and go full time with crypto.

It isnt really that idea yet we know that everything on this market doesnt give an assurance to give you constant profits that would support your living forever.

However, if you do able to make some decent amount of money might able to change your life forever on financial aspect thats why its still a worthy thing to
strive to get profits on doing crypto jobs but dont ever fully rely on it.

Yes. I agree Crypto job is a good thing we can earn daily, there is more benefit as you all know but as you said we cannot rely on that job any time suddenly it will increase and suddenly it will collapse.

For short term daily living is fine but for long term it's difficult. Those who are doing crypto jobs will definitely change their life beautifully. But one should work every day to gain more profit and lead a happy life.

4 years ago I decided to focus on crypto, a difficult start, but over time I could live in crypto. indeed this work is no guarantee for the future, but for at least 5 years in crypto, we already have something for the future, like a business outside of crypto. because right now we can see, it is increasingly difficult to get bitcoin.
It depends though since not all would really be successful towards crypto.You cant say that you would had enough on 5 years time
on dealing with this market yet you could possibly achieve that in short of time.Its all random and it do all depends on your hard work
on how you do accumulate things and somewhat some sort of luck.If that happens then you might able to get yourself rich but depending
on how much money you had put in.

R


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diahsw
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November 19, 2019, 01:37:25 AM
 #83

using bitcoin every day is still unacceptable in my country, because access to supporters such as ATM and others has not been given by the government, even as far away from expectations, but more to get money because bitcoin is a common thing .. !!

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cutesgirl
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November 19, 2019, 04:22:32 AM
 #84


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.
A must thing should be considered by anyone of us specially to those people who do tend to stop or leave their day job and go full time with crypto.

It isnt really that idea yet we know that everything on this market doesnt give an assurance to give you constant profits that would support your living forever.

However, if you do able to make some decent amount of money might able to change your life forever on financial aspect thats why its still a worthy thing to
strive to get profits on doing crypto jobs but dont ever fully rely on it.

Yes. I agree Crypto job is a good thing we can earn daily, there is more benefit as you all know but as you said we cannot rely on that job any time suddenly it will increase and suddenly it will collapse.

For short term daily living is fine but for long term it's difficult. Those who are doing crypto jobs will definitely change their life beautifully. But one should work every day to gain more profit and lead a happy life.

4 years ago I decided to focus on crypto, a difficult start, but over time I could live in crypto. indeed this work is no guarantee for the future, but for at least 5 years in crypto, we already have something for the future, like a business outside of crypto. because right now we can see, it is increasingly difficult to get bitcoin.
It depends though since not all would really be successful towards crypto.You cant say that you would had enough on 5 years time
on dealing with this market yet you could possibly achieve that in short of time.Its all random and it do all depends on your hard work
on how you do accumulate things and somewhat some sort of luck.If that happens then you might able to get yourself rich but depending
on how much money you had put in.
I am not enough with bitcoin investing because until today I keep holding bitcoin and altcoin assets after buying with higher price, I can't sell right now with faced much lost assets and keep waiting when bitcoin is up. Better holding than have sell with lower price because we know bitcoin always have drama how to play with higher price several months later.
wildan88
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November 19, 2019, 04:35:21 AM
 #85

4 years ago I decided to focus on crypto, a difficult start, but over time I could live in crypto. indeed this work is no guarantee for the future, but for at least 5 years in crypto, we already have something for the future, like a business outside of crypto. because right now we can see, it is increasingly difficult to get bitcoin.
It depends though since not all would really be successful towards crypto.You cant say that you would had enough on 5 years time
on dealing with this market yet you could possibly achieve that in short of time.Its all random and it do all depends on your hard work
on how you do accumulate things and somewhat some sort of luck.If that happens then you might able to get yourself rich but depending
on how much money you had put in.
I am not enough with bitcoin investing because until today I keep holding bitcoin and altcoin assets after buying with higher price, I can't sell right now with faced much lost assets and keep waiting when bitcoin is up. Better holding than have sell with lower price because we know bitcoin always have drama how to play with higher price several months later.
I have the same situation as you, holding some bitcoin and altcoin, but I'm not worried about bitcoin, because I'm sure it can still rise higher, but I'm worried about altcoin, the problem is I've lost more than 80%, but I still hold. this is what always keeps me from living on bitcoin and relying on daily trading when I don't have a lot of capital, but some are stuck.

.
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bitvalak
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November 19, 2019, 04:58:11 AM
 #86

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)

Unfortunately in my country I still cannot use bitcoin for many transactions. Only a few small transactions that can be done, other than that must use FIAT.
The regulations have been tightened again, so it is very difficult if you want to use bitcoin as a means of payment.

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andycarrol
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November 19, 2019, 05:07:26 AM
 #87

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)

Unfortunately in my country I still cannot use bitcoin for many transactions. Only a few small transactions that can be done, other than that must use FIAT.
The regulations have been tightened again, so it is very difficult if you want to use bitcoin as a means of payment.

same as my country, although in my country bitcoin is legal, but as payment, this is still prohibited, but I don't know why maybe they pay attention to compliance with anti-money laundering and others. so I can use bitcoin as payment only in cyberspace, but at least it is also easier to do many things, such as paying electricity bills, internet, and others.
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November 19, 2019, 05:32:33 PM
 #88

When I accept bitcoin from people or after doing a work, sometimes I don't convert it quickly too, I leave it and wait to see if the price will go up a bit, sometimes it will go down. And sometimes I just leave it in my wallet because I like opening my cryptocurrency wallet and seeing some money in it, and watching the charts and all that, it's really cool.

Using bitcoin daily is a difficult thing where I live, or should I say that it never happens. One thing I have done is go to the ATM to withdraw my Bitcoin but that's with a Bitpay debit card (it isn't a BTC ATM, there isn't one where I live). Apart from that, whenever I need to use the money I always end up selling the coins and sending the money to my bank account before spending it.

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November 19, 2019, 06:02:23 PM
 #89

I do, sometimes... Like paying bills and etc but it's a rare case because it's more convenient to use fiat. I barely see people paying with crypto. Bitcoin is like my source of extra income but it's hard to use bitcoin directly in buying things. We still need more mass adoption for us to achieve that scenario.
The reason why we just think that it is more convenient is because the payment has to do with an online thing and that is still the main challenge of cryptocurrency that I see because I don’t know who those that are not technologically inclined will be able to cope with bitcoin or will be able to pay with it, but if we look at the payment process itself, I think that it is going to be a little bit more convenient than using fiat if it as to do with payment online or cross bother.

Making payment across bother is one of the greatest things that cryptocurrency as ever done for me, which I think that the cost of transacting business across the bother with the two of them can really not be compared at all. Crypto payment is quite faster and even cheaper to me.
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November 20, 2019, 07:00:06 AM
 #90

When I accept bitcoin from people or after doing a work, sometimes I don't convert it quickly too, I leave it and wait to see if the price will go up a bit, sometimes it will go down. And sometimes I just leave it in my wallet because I like opening my cryptocurrency wallet and seeing some money in it, and watching the charts and all that, it's really cool.

Using bitcoin daily is a difficult thing where I live, or should I say that it never happens. One thing I have done is go to the ATM to withdraw my Bitcoin but that's with a Bitpay debit card (it isn't a BTC ATM, there isn't one where I live). Apart from that, whenever I need to use the money I always end up selling the coins and sending the money to my bank account before spending it.

This means, that we see Bitcoin and we do have different strategies in making money and in investing, as per me, every time that I do have payment from campaigns or from trading, cashing out 90% of it, then retaining the 10% from other wallet, that I am holding in the long term, I see to it that at least I do have something for the future in case the Bitcoin becomes million dollar worth then it will be a great thing.

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November 20, 2019, 09:26:31 AM
 #91

When I accept bitcoin from people or after doing a work, sometimes I don't convert it quickly too, I leave it and wait to see if the price will go up a bit, sometimes it will go down. And sometimes I just leave it in my wallet because I like opening my cryptocurrency wallet and seeing some money in it, and watching the charts and all that, it's really cool.

Using bitcoin daily is a difficult thing where I live, or should I say that it never happens. One thing I have done is go to the ATM to withdraw my Bitcoin but that's with a Bitpay debit card (it isn't a BTC ATM, there isn't one where I live). Apart from that, whenever I need to use the money I always end up selling the coins and sending the money to my bank account before spending it.

This means, that we see Bitcoin and we do have different strategies in making money and in investing, as per me, every time that I do have payment from campaigns or from trading, cashing out 90% of it, then retaining the 10% from other wallet, that I am holding in the long term, I see to it that at least I do have something for the future in case the Bitcoin becomes million dollar worth then it will be a great thing.
I am using bitcoin for trading and investing, I can't use bitcoin for currency payment because many market in my country still not support accepted bitcoin as legal payment way, I not worry with bitcoin only use for investing and trading assets because I think is best solution use bitcoin for increase my investing without have use bitcoin as legal currency payment, although have available using bitcoin for currency digital I like using cash money.
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November 20, 2019, 10:09:26 AM
 #92

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)
Actually I am one of the many people who are using bitcoin daily in my everday life. I am using bitcoin to sustain all of my needs and wants on my daily routine and I have been also using it as my financial support in order to use it as a payment on the things I needed to buy in school and etc. In my case I am converting bitcoin into fiat in order for me to use it as an alternative way of paying money into my local currency because not all of the stores and retailed shops are accepting bitcoin as a payment so that I am converting it into fiat in order to used it in many personal and daily transactions.



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Rainbot
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November 20, 2019, 10:16:34 AM
 #93

At least in my city you can't buy the necessary daily needs for living like groceries and pay utility bills directly with BTC so it is quite inconvenient to live just with it here. However with a debit from Wirex or similar payment processing companies it is definitely doable.. But you're not really "using" bitcoin. You are literally selling BTC for USD or whatever your fiat currency is in your country. In my opinion that is not real, measurable adoption.

I see a typo in your article though. USD has an inflation rate, not a deflation rate. You might wanna correct that Wink
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November 20, 2019, 12:55:04 PM
 #94

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)

I try to use bitcoin in daily life.But btc is illegal in our country that's why I can't use it properly.Bought a used phone from my friend and paid it via bitcoin. Also i bought huge amount of digital products via bitcoin. But maximum time need to exchange btc for fiat.if our country accept bitcoin then i will use my btc daily to buy product Smiley               

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November 21, 2019, 03:42:26 PM
 #95

It is a matter of time for Bitcoin to become easier to use and more widely accepted.
But first, we have to solve the interoperability issues between the different blockchains and to start using the full potential of the tech stack as a whole.

In fact, there are some dApps already solving this issue: https://app.jelly.market/ . This is a dApp that executes cross-chain swaps between different blockchains, hence you can exchange BTC for ETH, or dump your TRX for BTC. The project will also integrate a bridge to Compound so that you can finally start lending and borrowing with BTC.

This is how we should search for ways to use BTC in our everyday life and not just hodl our BTC as safe haven asset.
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November 21, 2019, 03:52:12 PM
 #96

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)

I try to use bitcoin in daily life.But btc is illegal in our country that's why I can't use it properly.Bought a used phone from my friend and paid it via bitcoin. Also i bought huge amount of digital products via bitcoin. But maximum time need to exchange btc for fiat.if our country accept bitcoin then i will use my btc daily to buy product Smiley               

In which country you are from by the way? That's sad that your government is restricting the way you were using crypto, it must have been difficult for you to cash out your fund.

Anyway, let's not worry about it we will for sure become one and that is to have a cashless society, so far in our country, we can use this to pay our bills and to deposit directly to our bank account/s.
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November 21, 2019, 03:55:50 PM
 #97


Somehow I can consider I live my life with BTC since I work online though not related to BTC but every free time I get to browse what's new n the forum and checking what cause the price to take a nosedive or what cause the spikes. Its hard not to think of BTC every day especially if you have invested to it and have lose amount of money because of the 2 year bear market but I'm spending some btc and still holding some coins.

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November 21, 2019, 05:26:08 PM
 #98

I really can't use BTC or altcoins to pay bills or purchase anything at my place. Cryto for me is still an investment option although I know blockchain is a powerful and cheap method to do any type of financial transaction. BTC due to its volatile nature is hard to be accepted as currency in my country, as as people are more concerned to save their money instead of taking risk to grow it and that is right as per their risk appetite. Lets see if things get changed with time.

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November 26, 2019, 01:39:37 PM
 #99

I really can't use BTC or altcoins to pay bills or purchase anything at my place. Cryto for me is still an investment option although I know blockchain is a powerful and cheap method to do any type of financial transaction. BTC due to its volatile nature is hard to be accepted as currency in my country, as as people are more concerned to save their money instead of taking risk to grow it and that is right as per their risk appetite. Lets see if things get changed with time.

I wouldn't say it is a cheap method to make transactions. The only way that Bitcoin will change and be used daily, will be if people start valuing it.

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November 26, 2019, 02:52:34 PM
 #100

I really can't use BTC or altcoins to pay bills or purchase anything at my place. Cryto for me is still an investment option although I know blockchain is a powerful and cheap method to do any type of financial transaction. BTC due to its volatile nature is hard to be accepted as currency in my country, as as people are more concerned to save their money instead of taking risk to grow it and that is right as per their risk appetite. Lets see if things get changed with time.

It depends how and what we are doing with our funds, as it has been my practice ever since, in my profit, I am allotting some of it thru savings, so I am transferring it to other wallet, before cashing out, I am paying my bills thru my Bitcoins and the rest of my fund, cashing out that we can use for our daily life or will save some if there is an excess from expenses.

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