Bitcoin Daily Living

[TimtheYoutuber]

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 debit card product)



This is a really interesting topic so I have reopened it. Here are some of my other threads on the topic that were closed. It is really cool to see the progression of comments which suggest that people are using it more and more.

Previous topics
Bitcoin Daily Living
Who here lives on crypto currency daily?

[Artemis3]

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 debit card product)

This is a really interesting topic so I have reopened it. Here are some of my other threads on the topic that were closed. It is really cool to see the progression of comments which suggest that people are using it more and more.

And what are the fees for using this debit card? This is one of the things banks that want to remain in business should start considering to do, become payment processors themselves.

Of course this is not exactly adoption but helping in the transition. If the merchant directly takes bitcoin, there is no reason to give extra fees to a processor. However, as a service, it is nice to have just in case.

More importantly, who else in addition to bitpay is doing this? Bitcoin cards (debit/credit) have existed before, but if i recall correctly their fees were very high, not unlike those of an ATM. It is for the convenience, i guess.

[hugeblack]

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.
I am happy with your approach, and you are not the only one. There are many famous companies that decided to take the same steps. For example, Namecheap decided to stop using Bitpay exchange payment.

I hope you make profits that keep you going for long periods of time.

[turkandjaydee]

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 debit card product)

Knowing the price fluctuation, do you always hold your money in bitcoin?

I mean don't you feel very hesitant to use your bitcoin to buy something when the price is falling? I feel it all the time.

[sovie]

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

[carter34]

Relying on bitcoin for daily livelihood can make your wife run away from you  
The volatility makes you happy when it is up there but staying down for a long time could be a tough challenge.
Forex trade can be that profitable daily as profit is made in buying or selling.

[bittraffic]

We being in crypto even just for a month needs to really trade BTC/USDT to hedge the money because by this you might be able to buy two  2019 Ford with BTC instead.

I'm not living BTC daily but I wanna keep earning BTC for my future. I have been working online and few months as well I worked in a grocery store. But I pay my rent withe the money I earn from campaign.

[avikz]

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 debit card product)

Using bitcoin debit card is not really equivalent to use bitcoin in daily life! These are absolutely two very different things so please don't mix them! I live in a country where bitcoin is not recognized as a legal tender, but I can still use a Visa debit card from bitpay to pay for my expenses! Because here Bitpay takes care of the funds and Visa provides the settlement layer. It's nothing similar to paying directly using your bitcoin wallet!

The real development will be to use bitcoin directly from our wallet to the merchant's wallet. That's what we all want to see and want to execute and that's what is real  development! But it's great to know that at least you don't consider bitcoin as an investment! That's also very important! Kuddos to that!

[Pinkris128]

Relying on bitcoin for daily livelihood can make your wife run away from you  
The volatility makes you happy when it is up there but staying down for a long time could be a tough challenge.
Forex trade can be that profitable daily as profit is made in buying or selling.

Making bitcoin as your daily living is really difficult because not everyday you can get a good profit from bitcoin, that is why i chose to work in my job while doing bitcoin, so i could just support my daily needs and pay all of my bills. It is really a tough challenge if the price of bitcoin just stay low because i can't sell it to provide the things that i need or want.

[marieanderson418]

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 debit card product)



This is a really interesting topic so I have reopened it. Here are some of my other threads on the topic that were closed. It is really cool to see the progression of comments which suggest that people are using it more and more.

Previous topics
Bitcoin Daily Living
Who here lives on crypto currency daily?

Basically if there is Consistently running the daily living then it will be best, because a investor are always want to know of his market place update as well.

[xZork]

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

I used to be a daily trader but now I have moved into long-term holding. Daily transactions are difficult, it requires a lot of different knowledge and skills and it is not suitable for me

Unfortunately, volatility is still a feature of these currencies

The best thing about volatile cryptocurrencies is its extraordinary volatility, if it's always standing we won't get anything.

[Oceat]

I do not think that bitcoin can be used in everyday life, at least not yet.

I guess you haven't experience it yet but if you try to live with it slowly I think you will get used to it someday. I think most people aren't that confident to use Bitcoin in their daily lives because they were used to live on a salary or debt because they think it's easy and I myself can't blame them for that but it's their choice on where they are comfortable.

[iamaruf]

In our country btc is illegal thats why I can't use in online shopping.But I bought many services and made payment in btc. Like content,SEO tools etc.But I can top up my mobile from bitrefill.Also bought mobile frommy friend and paid in btc (local trade 😁😁😁).I always try to pay via bitcoin.             

[target]

I'm also trying to live with just BTC alone, I'm building my food business and if successful about this I will try accepting BTC to live full time. This is a plan that I'm hopeful to fulfill. Seen some of the people doing this bringing his family using an RV. Tough decision probably but it might just be worth than living in an apartment that you have to pay your entire life.

We don't have bitpay in my country but we have coins.ph where everything works well that we can send out btc exchange of our fiat.

[erikalui]

The only problem is not its speculative price as even if we want to use the cryptocurrency, we don't have means. Big e-commerce websites don't accept it and those having this option don't accept the flat rate in USD/EUR etc., if we try to buy gift cards we have to pay huge premium, withdrawals again are expensive with high fees in crypto as well as fiat, debit cards are worthless with paying fees more than PayPal charges etc. Even if the price is worth it, these fees ruin the entire deal. It's better to hold fiat any day than pay online/offline via bitcoins.

[hippycoiner01]

I use it when I can for regular purchases, but the volatility is certainly a big issue that will hopefully one day stabilise.

[Blackdeath]

Using your bitcoins to support your daily needs and to pay all of your bills is really difficult, especially if you don't have another source of income to have an enough income because the votality of bitcoin really makes it hard to sell out your bitcoins, so you could purchased goods. It is really important for you to have a job while doing bitcoin, so it will not be difficult to support your daily needs.

[MURONDI]

in my place bitcoin is still less popular and only certain people understand bitcoin, so it's impossible for me to use it every day, if bitcoin as a means of payment I feel less suitable in my place because the price is very volatile, Even though I don't always use bitcoin, I always check the price every day, I tried to use price changes to trade.

[k@suy]

in my place bitcoin is still less popular and only certain people understand bitcoin, so it's impossible for me to use it every day, if bitcoin as a means of payment I feel less suitable in my place because the price is very volatile, Even though I don't always use bitcoin, I always check the price every day, I tried to use price changes to trade.

Me too here in my country vitcoin is not yet legal and only few knows about it thats why I cant use it in my own country and  my everyday life. I can use it every week because during sundays I am selling my bitcoins and exchange into our national currency for supportOKng my daily needs also for paying my bills at home and in school.

[Cimmy_revenger]

Bitcoin debit card product for now it's just convert bitcoin ( asset cryto ) to FIAT . No more.
Until this day I'am not found bitcoin debit card pure balance bitcoin.
Always Convert to FIAT.