what do you guys use bitcoin for?

[CaVO32]

As of the moment, the main usage of Bitcoin for me is duly for investment purposes due to the reason that there is no direct payment method available here for my purchases that accepts Bitcoin here in my place so I do really need to convert and make it into fiat before I can be able to somehow make use of my earnings that I have from Bitcoin. I also do consider making use of investment with Bitcoin rather than spending it because of its potential when it comes to price improvement so it will make big sense doing investment since there is no availability of where I can use it for purchasing goods and services.

I used mainly my crypto holdings for re-investment purposes like in Binance Earn or staking coins. But sometimes, I convert it my local fiat for personal expenses. And very few times, I used it directly to pay my monthly bills like water and electricity if I ran out of cash, as we have local mobile wallet that accepts crypto as direct payment for these bills. Of course, the exchange rate depends on their platform rate, and usually it is lower than the global market rate. So as much as possible, I don't want to pay crypto for these bills. So I can very well agree, if most crypto users don't want to spend their crypto, bitcoin in particular, as the probability of gaining profit is really high.

[supine]

I use it to anything that I could Payment,Sending money, Investment and trading.
As long as I could use it and avoid going out to stay safe then I would.

[traderethereum]

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin  will recover from that tesla did.

I use bitcoin for the investment thing and I make a profit from that.
I do not use bitcoin to make a payment or purchase something using bitcoin because bitcoin is too worth for that.
I believe bitcoin will recover and will have a chance to increase and break $60k soon.
But to go to that price, we need to have patience and not panic every time the price is down, especially if the bitcoin price is down for more.
We can buy back bitcoin if the price is dropping like today because this price can be hard to be seen in the future.

I also prefer to use Bitcoin for investment, because the price of Bitcoin has continued to rise since the beginning of the year, very profitable
if we invest in Bitcoin. Maybe another reason I don't use Bitcoin for payments is because my country prohibits using Bitcoin as payment.
Actually, I really hope that in my country Bitcoin legalizes as a means of payment. Regarding the current corrected Bitcoin price, I don't think
we need to worry, because I am optimistic that Bitcoin will recover soon and the price can rise above $ 60k. So I will not intend to sell the Bitcoin
that I have.

Yes, using bitcoin for investment can give us the profit from the rise of the bitcoin price.
And now, even if the bitcoin price is down below $50k, that will not be a problem because bitcoin price will increase again soon.
Even if our country allows us to use bitcoin as payment, I still prefer to use bitcoin for the investment with the increasing of bitcoin price.
Sooner or later, if the government can see the benefits of bitcoin as the payment, they will allow bitcoin to be used as payment, working together with fiat.
I also optimist that bitcoin will reach $60k but we need to satisfy the price now.

[rodskee]

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin  will recover from that tesla did.

Tesla issue will pass mate thats not even enough to make Bitcoin fall badly and also this market stands long years even tesla was not inside so  how would we rely our market with just one company?
Though you are correct because  most of us only use bitcoin for investment purposes but that is because in many countries there are only limited use so option is to hold and wait for the adoption.

[lionheart78]

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin  will recover from that tesla did.

I always see BTC as a mode of payment or medium of exchange yes I save some but if there is an opportunity, I always wanted to use Bitcoin to pay for goods and other stuff.   This is somehow my little contribution to support the economy of Bitcoin at least.

[asyakashi]

I currently use it to invest. Bitcoin is less stable when used as a means of payment. For example, you buy $10 today tomorrow can be $20 or even $100 or it could be $1, not to mention a fairly expensive transaction fee. Using other coins was my choice to shop.

[asyakashi]

I always see BTC as a mode of payment or medium of exchange yes I save some but if there is an opportunity, I always wanted to use Bitcoin to pay for goods and other stuff.   This is somehow my little contribution to support the economy of Bitcoin at least.

What do you think bitcoin is used about investing? So far I have not spent bitcoin on shopping just for investment. I support bitcoin by investing. It would be great to introduce bitcoin with education so that they know the advantages and disadvantages and benefits of bitcoin.

[Ecol]

I use it as payment for some of my work. Or I can use it as a means of payment for the work I have done. I use it as an investment. There are many areas I use, obviously.

[lionheart78]

I always see BTC as a mode of payment or medium of exchange yes I save some but if there is an opportunity, I always wanted to use Bitcoin to pay for goods and other stuff.   This is somehow my little contribution to support the economy of Bitcoin at least.

What do you think bitcoin is used about investing? So far I have not spent bitcoin on shopping just for investment. I support bitcoin by investing. It would be great to introduce bitcoin with education so that they know the advantages and disadvantages and benefits of bitcoin.

It is a wise move since you use Bitcoin to enrich your financial capability.  Each person has a different view on Bitcoin and they have the right to do so.  Wise people will make their holding increase while enjoying the benefits that it gives.  Like Bitcoin, we enjoy being our bank while having the opportunity to increase it through investment.

[butcher_spam]

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin  will recover from that tesla did.

I use bitcoin to buy goods and investments, but in our country bitcoin must be exchanged for national money, because it doesn't apply here. so when I get bitcoin, then I immediately sell it and spend useful items, for example cars, land, houses and so on, because investments in such items are also very necessary until their prices go up, then I will sell them.

I completely agree with you about real estate. real estate is an asset that always goes up in value, or the price of real estate can stand still. but as for cars, I would not invest in such an asset. cars in our country are very unprofitable investments.

[udidrone]

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin  will recover from that tesla did.

For now only investment, because fees that needed to do payment is really big. Maybe worth if price of thing that we want to buy is expensive, but maybe not all people will do it. I think it is ok although bitcoin not really valuable to be used as payment, because as investment, it already have a lot of supporters.

[humanvelocity]

Considering where I come from there's pretty much nothing you can do with Bitcoins other than just investing. If online shopping would start accepting Bitcoins it would be nice to put those coins to use for a change. But I guess for now its just gonna be circulating in the crypto world itself and slowly grow.

[(o)(o)ilikeboobs(o)(o)]

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only?

I only see bitcoin as an investment and I know it will give me great returns in the long run. Paying for goods with Bitcoin or making purchases is not really common in our country.

I'm just wondering if bitcoin  will recover from that tesla did.

We are just exaggerating the fact that Tesla accepts payments and stops accepting Bitcoin. Surely Bitcoin will increase in value again because now businesses and investment funds are actively buying Bitcoin so I am not worried about its drop.

[SacriFries11]

I use it to anything that I could Payment,Sending money, Investment and trading.
As long as I could use it and avoid going out to stay safe then I would.

It's good to know that BTC really helps you in daily lives especially that we need money that being transfer without any contact due to pandemic.
I only used BTC when I just need to cash out to buy some large stuff and payment for some online orders. I do not want to spend a lot of it since its my investment.

[Anonylz]

Mainly as a store of value and investment purpose,  holding btc has always been profitable for both long and short term, I rarely use btc buy or make payment because of the price fluctuations, I can't imagine spending certain amount of btc on a goods or service then few days later the price of that services double    maybe when btc is universally accepted the price value won't be an issue anymore.

[molsewid]

Mainly as a store of value and investment purpose,  holding btc has always been profitable for both long and short term, I rarely use btc buy or make payment because of the price fluctuations, I can't imagine spending certain amount of btc on a goods or service then few days later the price of that services double    maybe when btc is universally accepted the price value won't be an issue anymore.

Same mate, I just use it for investment purposes. In our country they didn't allow to use it for payment or maybe they allow and I'm still don't know it, but for sure I wont use it for payment because of the price fluctuations. I'm scared to use it then will know the next day the price doubled. I'm very careful in investing and wont allow my self for spending it. I don't want to have that "pizza day" and regret it in the end.

[slaman29]

I use it to anything that I could Payment,Sending money, Investment and trading.
As long as I could use it and avoid going out to stay safe then I would.

Sounds like all the things alt people say. Payment, sending money, investment etc. But most people actually only use it for trading (or more specifically, speculation).

Sending BTC to each other with Luno for example you didn't even need to ever operate a real Bitcoin wallet, much less sign transactions and choose inputs and fees!

[Momotajul]

I think bitcoin dominated for every Countries by once a time.So hard working some profession and earning for use bitcoin.

[Gaaara]

For some there are online wallets that has an easy convert function so you would use your bitcoin to payments or any other function of a money, I use mine for paying bills but the way it is handled is that I pay the online wallet using bitcoin so basically they're buying my bitcoin to use it for payment. If that counts as usage, but other than investment I don't have a specific use for bitcoin, I would only use it for trading since most trading only has the USD so we need to buy bitcoin or eth first before getting the chance to trade.

[Henrobakkara]

Basically for me at the moment is purely for speculation/trading. Most of the stores I buy stuff from being it online or within the community do not really use bitcoin at the moment and I have not come across anything that might make me spend my Bitcoin directly other than trading.