Bitcoin Daily Living

[boris singer]

I still remember in the 2017 period, many businesses in my country were very flexible using bitcoin for bill-related payments, etc., Many service advertisements spread on social media convincingly, and also on hypermart.

But they were all surprised at last because regulations finally emerged. Many things about crypto are very limited by rules.

At present the implementation of bitcoin is only about how to use it as an asset that can be managed every day. As long as the bank has no problem with fiat/btc transactions, I don't feel any significant hassle.

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[Congyang]

in my country bitcoin will not be easy to accept, the advantage for you if you can use bitcoin in everyday life. I'm also here wanting to use bitcoin for daily life, but it's not easy and has to be full of risks from state regulations

[tungaqhd]

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)

Bitcoin payment is illegal in my country but it is my main income now, i often use Bitcoin to pay bills on the internet or sell it for fiat money. However i think that Bitcoin for daily use basis is not a good idea because the high fee and the price is not stable.

[BartS]

I still remember in the 2017 period, many businesses in my country were very flexible using bitcoin for bill-related payments, etc., Many service advertisements spread on social media convincingly, and also on hypermart.

But they were all surprised at last because regulations finally emerged. Many things about crypto are very limited by rules.

At present the implementation of bitcoin is only about how to use it as an asset that can be managed every day. As long as the bank has no problem with fiat/btc transactions, I don't feel any significant hassle.

This should be expected, when something is small governments do not really bother with it because they stand to get no profits out of it however once they begin to notice something is getting really popular that is when they begin to try to regulate it.

And during many years governments thought that cryptocurrencies were only for a few computer enthusiasts but in 2017 they realized that was not the case and that is when we began to see a lot more regulations been passed in most countries.

[bering]

Using bitcoin as direct payment seems it was never done before because limited of used so bitcoin cannot be used to made daily transactions because although bitcoin pretty popular in my country but it not more than for trading purpose and virtual asset so use bitcoin to buy my daily needs seems near to impossible for me and until now although i'm bitcoin user but the fact is i still need fiat and compare between transactions use fiat and transactions use bitcoin i think i make more transactions use fiat rather than bitcoin

[Samsungs10]

I use bitcoin to support all my needs and desires in my daily routine and I also use it as financial support to use it as a payment for things I need to buy household needs and others.

Actually I am one of many people who use bitcoin every day in my daily life.

[SquallLeonhart]

I have never used Bitcoin directly to pay for anything, but I have used it to buy gift cards. I make use of the BitPay wallet and it has always been my means of spending my Bitcoins whenever I want.. I ordered for their Visa card last year and I have been using it, it's really cool, except for the fees. But, they don't charge any fees when you want to convert your Bitcoin to dollars.

There are lots of gift cards that you can buy from the BitPay wallet, so instead of withdrawing my Bitcoins I can simply just buy the gift card I need, whether Amazon, Delta, XBox or any gift card, and I can then spend it on the platform on whatever I want. That's really one of the coolest things about Bitcoin right now. I have also done face to face transaction with a local Bitcoin exchanger, and have him make fiat payment to my bank account. Using Bitcoin is really cool.

[carriebee]

I use bitcoin to support all my needs and desires in my daily routine and I also use it as financial support to use it as a payment for things I need to buy household needs and others.

Actually I am one of many people who use bitcoin every day in my daily life.

In my country there are insufficient of accepting bitcoin to buy goods and things. So only few we can use btc to pay bills and services. Though we can use it in our daily lives but limited only. Hopefully in the future more adoption of btc can happen.

[xvids]

I only use crypto to buy some mobile loads and pay some of my bills if I feel lazy to go out.
I only use it if I don't have cash but I think it could be great if we could use it anywhere and if every seller or company would accept it.
This could save us when we have something we need or want but we don't have enough cash to buy it or pay for it.
And also it would help a lot specially for those who are only earning in crypto they don't need to convert it and withdraw it anymore less transaction fee.

[Waterfull446]

Would you sell Bitcoin now before it drops even more? What is your prediction?

were you hoping to make a quick profit? then probably you should sell it

Is bitcoin promising only at long distances? I know many trade with 200 and 300% profit

My personal bottom line now is always buy on the drops, sell into strength. but maybe you should wait and study trading strategies. I saw good ideas on taklimakan network, it will show when bitcoin will bullish, then buy or sell.

[WersicyMonree]

Would you sell Bitcoin now before it drops even more? What is your prediction?

were you hoping to make a quick profit? then probably you should sell it

Is bitcoin promising only at long distances? I know many trade with 200 and 300% profit

My personal bottom line now is always buy on the drops, sell into strength. but maybe you should wait and study trading strategies. I saw good ideas on taklimakan network, it will show when bitcoin will bullish, then buy or sell.

there are not many such traders. who wants to pay more attention to financial preparation, they remain in the game. price fluctuations can reach 30% during the day. this is something that beginners do not consider when they come to buy bitcoin

[Malam90]

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.

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

I am fully agree with you because I am not fully dependent on crypto daily as crypto is not allowed in the maximum countries including mine. We can't pay bills, withdraw money from atm or exchange crypto with fiat money directly.

[NeironixNV]

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.

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

I am fully agree with you because I am not fully dependent on crypto daily as crypto is not allowed in the maximum countries including mine. We can't pay bills, withdraw money from atm or exchange crypto with fiat money directly.

Yes, in a small number of countries there are stores that accept bitcoins, so it is often used in online shopping and in very rare cases in real life, but I read at the neironix that ATMs that have received bitcoins in Black Friday have been put in the USA.

[educart]

Would you sell bitcoin now before it drops even more as analysts say? I am not very versed in technical analysis. Therefore I ask you to reduce the risk of loss

[BartS]

I have never used Bitcoin directly to pay for anything, but I have used it to buy gift cards. I make use of the BitPay wallet and it has always been my means of spending my Bitcoins whenever I want.. I ordered for their Visa card last year and I have been using it, it's really cool, except for the fees. But, they don't charge any fees when you want to convert your Bitcoin to dollars.

There are lots of gift cards that you can buy from the BitPay wallet, so instead of withdrawing my Bitcoins I can simply just buy the gift card I need, whether Amazon, Delta, XBox or any gift card, and I can then spend it on the platform on whatever I want. That's really one of the coolest things about Bitcoin right now. I have also done face to face transaction with a local Bitcoin exchanger, and have him make fiat payment to my bank account. Using Bitcoin is really cool.

Not bad but we need to begin to try to push people to accept bitcoin transactions directly, all of those methods to convert your bitcoin to fiat first are decreasing the effectiveness of bitcoin as a currency.

But I understand you, there are not many options at the moment where to spend our bitcoin and it is difficult to have your money there knowing that you could use it for something that you need and realize that there is not a store that accepts bitcoin as payment for what you want.

[sayaya17]

In my place not all shops accept credit cards, especially with bitcoin, maybe this is still not common for most people. They don't want to take the risk because the value is not stable, so this is still not possible in my country.
But indeed I use bitcoin as well or other crypto to trading and investment and have shopped using bitcoin, but that is also not often.

[tsaroz]

I too have used bitcoin to buy and sell things and services but now has limited myself to buying bitcoins from fiat and selling it to fiat cause the possibility of price increase and volatility doesn't make it worth the effort. I spent bitcoins mostly when it was around $200 and all I have now from that time is regret.

[BartS]

I too have used bitcoin to buy and sell things and services but now has limited myself to buying bitcoins from fiat and selling it to fiat cause the possibility of price increase and volatility doesn't make it worth the effort. I spent bitcoins mostly when it was around $200 and all I have now from that time is regret.

I think that most of us that have been in this market for several years lament to not have held our coins for a longer period of time, but we are never going to get those coins back so we need to concentrate on how to get more coins and how to keep the ones that we already got, and while I understand your desire to not use your bitcoin except to speculate with it if we keep that attitude then bitcoin is never going to progress as a currency.

If you have the opportunity to use bitcoin to pay for a product and it is something that you really need then use your bitcoin.

[Oni Trading]

I d never consider BTC or crypto as a means of payment. At least not yet. It is simply to complicated ATM. As long as your grandmother or 11 year old child cannot use Bitcoin to buy simple stuff like bread or ice cream, crypto payments need to be simplified further.

However, making crypto your primarily source of income and then living on that, it is definitely possible. Several of my friends have quit their jobs and their sole source of income ATM s crypto and FIAT they received after selling crypto. That s the way we should all think about this new economy we all participate in.

[erickastella]

I do not use bitcoin directly but I sell bitcoin in the local market in my country, where after selling bitcoin I get a local balance in terms of RUPIAH balance (INDONESIA) where it can be used as a voucher that can be used by other local market users named (INDODAX ) I usually use goods / transactions using vouchers because it's easier and faster.