Bitcoin Daily Living

[btccashacc]

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

[CarnagexD]

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

[k@suy]

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

Bitcoin really needs a lot of improvement maybe it couldnt run today in such a good and excellent way but as time passes by I believe that it will improve. And also as long as we are here we can help the crypto world to improve. What we cant change is the coin's volatility because it is virtual money and we what we are talking here is about the demand from the stock market.

[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 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?

I am using Bitcoin for any services that accept Bitcoin like domain/ hosting because it is my main online income. It is sad that Bitcoin is not accepted as a payment method so i don't have chance to use it more often.

[Lauren Smith]

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?

I am using Bitcoin for any services that accept Bitcoin like domain/ hosting because it is my main online income. It is sad that Bitcoin is not accepted as a payment method so I don't have a chance to use it more often.

Same. I am using bitcoin more and more and more recently altcoins since many places have started paying it and accepting altcoins. I just wish the bigger places would start supporting altcoin along side bitcoin. Many more people are using bitcoin as a payment method as apposed to paypal and the like ehich they had to do before they started accepting bitcoin. Basically its brining over none bitcoiners die to ease of being paid. Some places only want to send you checks and have high minimum like $100

[karanggatak]

in my opinion using bitcoin for daily trading is very difficult. because the price of bitcoin is volatile can not provide benefits every day. and if the bitcoin market trend is declining then every day bicoin will continue to decline so that we will not benefit. in my opinion bitcoin is more suitable for long-term investment. at least to make a profit we have to wait a few weeks or months after bitcoin has increased quite high.

[julius caesar]

Well in my case I do not use my bitcoin. What am I doing is that I am holding it for a long time and wait for its price to rise up. I invested on bitcoin for me to be able to earn and not to use it until the price of it is not yet profitable. So, if the price of it does not suit my preferences, I will hold it until it become so that I will not lose any amount of money.

[Boov]

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

Bitcoin really needs a lot of improvement maybe it couldnt run today in such a good and excellent way but as time passes by I believe that it will improve. And also as long as we are here we can help the crypto world to improve. What we cant change is the coin's volatility because it is virtual money and we what we are talking here is about the demand from the stock market.

Every digital currency need improvement to better and very safety by accepting as legal currency payment where have guarantee for buyer and seller more safety by using bitcoin as legal currency payment way on the future, but before bitcoin become legal transaction have update new feature way where make easy when using bitcoin as payment transaction.

But I really dont think that the bitcoin can replace the fiat as a national currency because of its volatility. Instead of helping people to lessen the poverty, it will more drive the people to poverty because of its volatility. And also there are a lot of things that the fiat can do but not the cryptocurrency like for example money lending. In the traditional bangking we can lend money with interest but in crypto world we cannot lend money.

[Ludmilla_rose1995]

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.

Sometimes in some countries, it is not easy to live everyday life using Bitcoin because of regulations from the government. Regulations in my country forbid someone to buy goods using BTC and other cryptocurrencies. Online stores are also prohibited from accepting Bitcoin as payment. BTC in my country can only be used as a commodity or digital asset. so I can't use BTC in my daily life.

[doomistake]

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.

That can't happen.

Volatility is the reason why we called cryptocurrency is better than fiat, because we could always take advantage of its price fluctuation, either it falls down or rise up, it is all depends on how smart we are to make profits whatever situation does the market have. Another thing is that living in cryptocurrency is pretty much depressing in some point, because of the transaction fee you gotta pay.

But me, I always convert it first to fiat therefore the fee that I'm going to pay is when I'm going to cash it out thru bank or any money remittances, that is only to lessen the fee.

[shoreno]

nice to see that some people are like me. we are on the same boat op because i also use my btc almost everyday . i use it directly without conversion to local currency , and i dont care if the value falls or goes up but im just happy using my btc    . i been using btc for over 2 years now ever since i discover it   . the challenge that we commonly face is the support for btc and its volatile nature  but soon , idk if these challenges are going to be fix when more people enter the bitcoin world  .

[Xxmodded]

in my opinion using bitcoin for daily trading is very difficult. because the price of bitcoin is volatile can not provide benefits every day. and if the bitcoin market trend is declining then every day bicoin will continue to decline so that we will not benefit. in my opinion bitcoin is more suitable for long-term investment. at least to make a profit we have to wait a few weeks or months after bitcoin has increased quite high.

I agree with your point of using bitcoin for long term business. Due to the fluctuating nature of bitcoin it can not be used in daily living that will cost too much. On the other hand traders who enter in this market for long term investment will surely get benefit out of it. As they can use it in both ways. They can store it for them or will continue to use according to the time need.

I think when bitcoin give much benefit as investment assets why have take care for bitcoin mus be legal currency payment transaction, not worry about government not allowing bitcoin as legal payment transaction if still allowed for using bitcoin as investment assets way, people could get profit with bitcoin trading and investing.

[puertorikosena]

Unfortunately, at the moment, the list of possible uses of Bitcoin as a means of payment is very limited. But I am sure that in the near future we will have a revolution in this area and cryptocurrencies will be one of the generally accepted means of payment.

[ethereumhunter]

Unfortunately, at the moment, the list of possible uses of Bitcoin as a means of payment is very limited. But I am sure that in the near future we will have a revolution in this area and cryptocurrencies will be one of the generally accepted means of payment.

Using bitcoin in the local store or the online store is not so many, but I am sure that if the adoption succeeds in reaching more people to come to the crypto world, I think we can use bitcoin for daily living. By using trading to make a profit, we can withdraw the profit and convert it into our local currency so we can buy something for our daily living. But without having skills in trading, we will not be able to make that profit.

[Aikidoka]

Well in my case I do not use my bitcoin. What am I doing is that I am holding it for a long time and wait for its price to rise up. I invested on bitcoin for me to be able to earn and not to use it until the price of it is not yet profitable. So, if the price of it does not suit my preferences, I will hold it until it become so that I will not lose any amount of money.

Holding bitcoin is really good because at the end you'll find you that you're earning from bitcoin and getting a profit, but when we're talking about investing in bitcoin you need that a lot of money for it, because as we know that bitcoin price is really expensive compared to the other cryptocurrencies, the second thing that you need is the patience, because bitcoin needs really a lot of time to increase, so that's why we all saying that bitcoin is really amazing for the long term investment.

[Bitcoinislife09]

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Surely this bitcoin is not yet fully usable as a payment method as it is a digital currency. But this day's bitcoin is already great when it comes to investment because of its market price when you invest in bitcoin for sure you could earn big money of money when you buy low and sell it on a high price. Also as a currency or using bitcoin for buying or as a payment method for sure in the future the bitcoin could easily be implemented if all of the transaction is already made online.

nice to see that some people are like me. we are on the same boat op because i also use my btc almost everyday . i use it directly without conversion to local currency , and i dont care if the value falls or goes up but im just happy using my btc    . i been using btc for over 2 years now ever since i discover it   . the challenge that we commonly face is the support for btc and its volatile nature  but soon , idk if these challenges are going to be fix when more people enter the bitcoin world  .

Agree, whatever bitcoin is we can already see that bitcoin is already a success and we earn in bitcoin we know that it is not yet ready but bitcoin technology already has what it takes.

[gundala]

Remember the high volatility of bitcoin, I always think repeatedly to use in payment of daily needs. Moreover, the use of fiat and transfers between banks can also be used effectively and instantly using the app on devices that support it. With the potential price trend that tends to rise, I prefer to place BTC in the position of a valuable investment tool and commodity. Of course, this depends on each other's thoughts, according to the circumstances in which the acceptance and application of cryptocurrency are to what extent.

[Duzter]

Right now it is really a big challenge to live completely with bitcoin. Some has been trying this years back itself. I've read in an article about a couple who kept travelling only with bitcoin. They made this successful when bitcoin was not that popular. Now scenario has changed and the possibility have changed.

[diahsw]

in my country, it's hard to make bitcoin accompany our lives, because the government is less supportive, even to find bitcoin hunter friends is difficult, so it's more to individuals .. !! especially to find things that smell about bitcoin, for example atm bitcoin and bitcoin transactions, it's very difficult to find here .. !!

[TitanGEL]

Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.

Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.

Bitcoin really needs a lot of improvement maybe it couldnt run today in such a good and excellent way but as time passes by I believe that it will improve. And also as long as we are here we can help the crypto world to improve. What we cant change is the coin's volatility because it is virtual money and we what we are talking here is about the demand from the stock market.

Every digital currency need improvement to better and very safety by accepting as legal currency payment where have guarantee for buyer and seller more safety by using bitcoin as legal currency payment way on the future, but before bitcoin become legal transaction have update new feature way where make easy when using bitcoin as payment transaction.

But I really dont think that the bitcoin can replace the fiat as a national currency because of its volatility. Instead of helping people to lessen the poverty, it will more drive the people to poverty because of its volatility. And also there are a lot of things that the fiat can do but not the cryptocurrency like for example money lending. In the traditional bangking we can lend money with interest but in crypto world we cannot lend money.

Merchants are afraid to volatility and that is why they are still not adopting bitcoin as currency. The price of the bitcoin is keep changing and it is hard for them to compute their total sales and also the losses that they may occur. Fiat will be the best to use in terms of payment because all of the merchants and business are willing to accept it.