Bitcoin Daily Living

[arimamib]

For me Bitcoin living is everday earning and trading on it,as for spending well I usually change it back to my country's Fiat before I can buy anything,I can't wait for my country to legalize it,tired of using the Fiat currency.😞

some cases like this have happened in several countries, and so far if there are still exchanges that can make exchanges from Bitcoin to FIAT then that's not a big problem. the most important thing is that bitcoin still benefits the people in your country, even though its use cannot be used in full

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[stiffbud]

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

[buwaytress]

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

But what about those simply earning more and more of their income as crypto? Or those earning virtually all in crypto (I consider myself one). I used to think my type would grow, think I'm a bit wiser these days and I do realise it's not easy, the world of those dealing only in crypto is so small. But do people really repurchase bitcoin when they use it to pay? I know it used to be recommended and even in some Bitcoin communities like in Arnhem they seem to do that a lot, but why do you think people are fixated on keeping their bitcoin supply replenished? I mean, I spend as much as I can in bitcoin, and convert only what I need for stuff I otherwise can't pay with bitcoin.

Maybe we should be encouraging more people to transact in bitcoin, then we reduce the need to even replace with fiat.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

Yeah? When was the last time you paid with bitcoin? Care to share your tx id? I'll tell you immediately how you could reduce your fees. I have not paid more than 1 cent (in satoshi) for fees in a really long time.

My bank charges me 25 cents for paying with fiat -- to local merchants!

[deadthings]

There are many countries which don't allow bitcoin usage and there are many countries where you cant use bitcoin because of absence of infrastructure like crypto exchanges, crypto ATMS and more. In these areas people can never have a daily living on bitcoin  and bitcoin will remain just an asset until hurdles are removed.

[tambok]

There are many countries which don't allow bitcoin usage and there are many countries where you cant use bitcoin because of absence of infrastructure like crypto exchanges, crypto ATMS and more. In these areas people can never have a daily living on bitcoin  and bitcoin will remain just an asset until hurdles are removed.

Yes especially in Asian, seems like Bitcoin is becoming normal now in those countries especially here in Philippines wherein we don't need to hide anymore in banks and in the remittance center that we are working as a freelancer in crypto, or that we have earned from crypto trading, unlike before wherein they will question you a lot where is your income coming from.

[HarmonyA]

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)

The possibility of living on bitcoin is not yet visible in my geographical location. Though I do convert bitcoin to fiat before making payments of goods and services.
The speculative price of bitcoin doesn't encourage me to bank on it, despite that the digital asset is the most reliable on the long run.
The Popular and Unpopular ways of living on Bitcoin are interwoven as they aid the scalability of bitcoin.

[DevilSlayer]

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

It is the main issues of everyone who using bitcoin as payment. There are blockchain confirmations and it makes the transaction slower. Using fiat is more better than using bitcoin in our daily lives but today there is a new innovation where the transaction using bitcoins will become faster and it is the bitcoin lightning network.

[cotton ball]

I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.

Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment.

Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes.

It is the main issues of everyone who using bitcoin as payment. There are blockchain confirmations and it makes the transaction slower. Using fiat is more better than using bitcoin in our daily lives but today there is a new innovation where the transaction using bitcoins will become faster and it is the bitcoin lightning network.

Daily living with bitcoin only for trading and investing, with not have regulation in my country about bitcoin become legal currency payment I use bitcoin only for investment assets, if bitcoin have been legal as currency payment I keep use bitcoin for trading and better use cash money for payment transaction because I like make transaction with traditional market where not support using digital payment.

[BartS]

good to hear that from you . i wish many users can be like you were they will try to learn to use thier btc for everyday use instead of using a fiat , in that way they can somehow show thier support on cryptos like btc . actually we are on the same boat op as ive been also living with the help of btc and other cryptos i use them to purchase my need whether daily or on every other day  . id say that btc really helped me alot , once people know how to use btc i think they will never turned back  .

If I could use my bitcoin in my everyday life then I will do it but there is not a single store near me that accepts bitcoin so I do not have any option but to keep it and to try to multiply it, but as soon as that changes as bitcoin becomes more adopted all over the world I will have no problem using my bitcoin to buy the stuff that I need.

But at the rate in which bitcoin is being adopted in my country I have doubts that I will be able to buy anything during the next decade.

[posoa]

very interesting to read the article, but it can be applied if in my country bitcoin has been implemented and supported by the government, for now I still find it difficult to carry out daily activities using bitcoin .. !!

This is the reality, even in my country lack of establishment to use bitcoin as payment. So, still fiat money is easy to use that can buy goods and services. But, we can use btc in online to buy some what we needs. Also, I use btc for investment and trading other crypto.

I actually use bitcoin in all my online transactions that accepts bitcoin as a means of payment. But in the country where i come from it is not all shops and business  centers that accepts bitcoin, but wherever bitcoin is accepted, I also use it for  buying, some shop outlets even place Notice of accepting bitcoin. The highest and most reliable place of using bitcoin is  on the  online transactions  where I easily use bitcoin.

[crypto.farm]

Interesting very feasible once the utilities start accepted bitcoin....its funny we all need the internet ISPs even in order to use bitcon core, or this fourm, yet I have not seen any news of major telco or ISP accepting BTC...

Imaging automatic withdrawals one day with a trusted wallet architecture for paying the monthly utilities. Daily use will skyrocket.

[TimtheYoutuber]

Interesting very feasible once the utilities start accepted bitcoin....its funny we all need the internet ISPs even in order to use bitcon core, or this fourm, yet I have not seen any news of major telco or ISP accepting BTC...

Imaging automatic withdrawals one day with a trusted wallet architecture for paying the monthly utilities. Daily use will skyrocket.

Bitcoin needs to be an asset that people want to use. The cryptocurrency majority, only use it as an investment or rare sends.

[Fappanu]

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)

You mean that in your country almost all stores accept bitcoin? Because it is difficult to live if you only use your bitcoin to pay especially since not everyone is aware of crypto currencies. Here in my country there are very few stores that accept bitcoin. So fiat money is still my main thing when it comes to payment.

[DreamStage]

You can not use Bitcoin as a fiat currency anywhere you want except you have some real world convertion on the shop you are buying at.

Or for instance booking a flight online you can simply use btc transactions since it worths value in fiat which then gives "money" from as in form of virtual cash to the flight company.

But yes i am using for my daily live in any sort of possible action (not going to state them as it's private ofc ).

[btcmurat]

Bitcoin is a very useful money. I think it's the best way to send money over long distances. You pay low fees and the transaction takes place quickly. I use bitcoin for this purpose. I also bought games from Steam with Bitcoin.

[TimtheYoutuber]

Bitcoin is a very useful money. I think it's the best way to send money over long distances. You pay low fees and the transaction takes place quickly. I use bitcoin for this purpose. I also bought games from Steam with Bitcoin.

It is nice to send money quickly, however because of the price changes you would need to sell the bitcoin instantly.

[aomakun]

Bitcoin is a very useful money. I think it's the best way to send money over long distances. You pay low fees and the transaction takes place quickly. I use bitcoin for this purpose. I also bought games from Steam with Bitcoin.

in fact bitcoin now has a good function for making transactions, so we can use it for transactions. for I usually use it for investment or daily trading if there is potential to do it

[topbitcoin]

Bitcoin is a very useful money. I think it's the best way to send money over long distances. You pay low fees and the transaction takes place quickly. I use bitcoin for this purpose. I also bought games from Steam with Bitcoin.

in fact bitcoin now has a good function for making transactions, so we can use it for transactions. for I usually use it for investment or daily trading if there is potential to do it

Bitcoin need a lot of merchants to make it can be as payment. If there are legally to use bitcoin as payment, i think people can start to use it. So, bitcoin can be directly to be something to fulfil our daily living like we buy real life things with bitcoin in a shop, like that.

[error08]

Bitcoin is a very useful money. I think it's the best way to send money over long distances. You pay low fees and the transaction takes place quickly. I use bitcoin for this purpose. I also bought games from Steam with Bitcoin.

It is nice to send money quickly, however because of the price changes you would need to sell the bitcoin instantly.

First question; how do you earn bitcoin? Since you've been using it on a daily basis for years.
Don't you think using Bitpay debit card is just another way to convert bitcoin into cash? While you don't need to, but bitpay did it for you. Yes, not every merchants and groceries accept bitcoin payment, but the acceptance for bitcoin still quite low in many countries, lucky for people who can easily use it as a payment instrument instead of just keep it in the wallet.

[Aikidoka]

Bitcoin is a very useful money. I think it's the best way to send money over long distances. You pay low fees and the transaction takes place quickly. I use bitcoin for this purpose. I also bought games from Steam with Bitcoin.

Bitcoin is really amazing when we're talking about paying money with low fees and quickly, It can solve a lot of our problems in just an instant. People should get more interest in this cryptocurrencies and try to earn a lot of it and just hold it, because it's really a very strong crypto as well as it has the potential to increase in the future.