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Question: Do you pay with Bitcoin whenever you're able to?
Yes. - 30 (53.6%)
No. - 26 (46.4%)
Total Voters: 56

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Author Topic: Do you pay with Bitcoin whenever you're able to?  (Read 1144 times)
Karish2return
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July 02, 2021, 10:59:52 AM
 #61

Before being able to pay with Bitcoin, you must find a wallet where you can store your digital currency. This will serve as your Bitcoin bank account through which you can store, pay, and receive money. There are many free crypto wallets on the web, and they all work well on both desktop and mobile devices.

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July 02, 2021, 11:14:45 AM
 #62

I want to help the community and the market get more stronger that's why if ever there is a chance i make sure to use my bitcoin (And of course my other altcoins if possible)
Bitcoin is a currency and must be use, so why are we preventing from using this in any case?yeah i will be hypocrite if i denied Holding bitcoins but i also love saying that i wanted and will always be willing to use if given a chance.

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July 02, 2021, 11:59:50 AM
 #63

Like I said, "with similar levels of quality and service". It all depends on the level of trust I have that the merchant will honor their obligations.  For example, I pay my monthly bill for Dish satellite TV service via Bitcoin instead of credit card. In the past, I've also made purchases from Overstock.com via Bitcoin instead of credit card.
This is a problem with Bitcoin. If you notice that the merchants accepts Paypal, you'll unconsciously believe they're trustworthy. What are the odds for a person to has given his identity & bank account and still, rips you off? Surely fewer than with Bitcoin.

Even if they accept both, I'll prefer going with Paypal, because I know that I'll have a third party to deal with. I'm not up to merchant's words.

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July 02, 2021, 01:45:42 PM
 #64

I want to help the community and the market get more stronger that's why if ever there is a chance i make sure to use my bitcoin (And of course my other altcoins if possible)
Bitcoin is a currency and must be use, so why are we preventing from using this in any case?yeah i will be hypocrite if i denied Holding bitcoins but i also love saying that i wanted and will always be willing to use if given a chance.
- Exactly, the real face will be very fake when someone tries to show they are ready to pay and take bitcoin out of their wallet, most of us already know the value and we're not quite ready for this, rather ready to pay in bitcoin, we're just trying to make comments that encourage others and ourselves to keep our bitcoin silently. I respect and proud to introduce bitcoin to the community but hidden deep in my nature, that's still an investor's selfishness, we cannot sacrifice our values and possessions for noble ideals, it is not so voluntary


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July 02, 2021, 01:46:18 PM
 #65

I absolutely pay in bitcoin, or cryptocurrency for that matter anytime I get the chance.  I am of the mind ( though I am starting to feel like I am in the minority with this one) that in order for bitcoin to succeed it needs to be able to be used as a currency, one that is both quick and one that is cheap.  I do have a lot of faith in the second layer and Lightning Network coming out, but I sure wish things moved a bit more quickly.

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July 02, 2021, 02:13:33 PM
 #66

Not really. I do pay with Bitcoins everytime i can.
There are a lot of reasons for this.
First of all BTC is not accepted in all places, so I always have a habit of paying through my card.
Secondly I bought Bitcoins to trade and earn money from it.
So it’s obvious that I shouldn’t sell the coin when it is in bull market run.
And at last there are also transaction fees and blockchain confirmation time that we need to wait.
For these I avoid paying in BTC if also it is available to pay.

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July 02, 2021, 03:48:57 PM
 #67

I would rather stick to fiat except my transaction with Bitcoin is below $100 but once it's above $100 I rather transact using fiat because I my coin would always appreciate over time so why gamble with it all in the name of making payment. If I have to do this then I'm only making the next man more richer especially once an increase in value occurs.
I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
I already have experience using bitcoin for the payment but that was before the bitcoin price reaches $20k and it was a long time ago.
I realize that if the bitcoin price can increase to the high price, I can make a lot of money, which means I can buy expensive stuff using money.
So if I can have many bitcoin at that time, that will be the best time for me to have much money.
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July 02, 2021, 04:42:36 PM
 #68

I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
That is a choice you can make if you are purchasing something from the local store using fiat is always a good option but what happens if you are purchasing goods internationally, do you still use fiat for those transactions as well.

Whenever i pay for servers and other services which is billed internationally i always use BTCitcoin because it is safe and easy to maintain my privacy without exposing my banking data.
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July 02, 2021, 05:01:38 PM
 #69

I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
That is a choice you can make if you are purchasing something from the local store using fiat is always a good option but what happens if you are purchasing goods internationally, do you still use fiat for those transactions as well.

Whenever i pay for servers and other services which is billed internationally i always use BTCitcoin because it is safe and easy to maintain my privacy without exposing my banking data.
Just like me, and the reason is because in the country where I live it cannot be used as an alternative payment and is still prohibited, it is only allowed to be invested or kept as an asset and there are rules and prohibitions on using it as a means of payment in any form, except personally.
So far I have never used it for any payment using bitcoin, even though it exists or is allowed, I choose not to use it because bitcoin will be more profitable and can change my life by investing.

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July 02, 2021, 06:50:11 PM
 #70

So far, in our country, there are no shops yet that accepts bitcoin as a payment. You will need to convert it first into fiat and turn it to the legal nation's currency so that you can spend it. For example, we are hanging out on a Saturday night and after we consumed all of the alcohol, we wanted more and we don't have physical money to pay with but we have some in Gcash for example, we can use that to pay in the convenience store if ever they would allow. The use of bitcoin as a payment is still far from happening and far from being settled so let us just lie low for all of it first.
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July 02, 2021, 06:59:09 PM
 #71

I live in a third world country, most people here don't even know what's bitcoin let alone how it works. So unfortunately there is no way I could pay for anything in here with bitcoin.
However, I still pay for online services and online products when ever the payment method is available in bitcoin ofcourse.
It's really helpful to find sites that accept bitcoin payments as most people where I live don't have credit cards.
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July 02, 2021, 07:27:21 PM
 #72

I can't say that I pay with Bitcoin whenever I have the chance to do so. But mostly, yeah. I don't have many options in my country to pay with Bitcoin yet. But it will change in the future I believe. Even if it changes, I'm waiting for Lightning Network also. There are problems to solve for Bitcoin to deal with bigger transactions.

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July 02, 2021, 08:02:57 PM
 #73

ifit.isaccepted.as a transaction tool,of course I will do it.but this is.not allowed in.our country because the government does not legalize.the digital currency. because this is.between the exchange of goods.and services.if the government legalizes.it, then we will do it like what was.done in.el salvador, which allowed bitcoin transactions.after the country legalized.crypto in the el salvador country
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July 02, 2021, 08:17:29 PM
 #74

Actually, I care about paying with Bitcoin whenever I get the chance. There are not so many places which have a payment option with Bitcoin in where I live. So I don't want to lose the chance when I get it.

For now, we don't see the majority of shops etc. in the world having this payment option. But after solving the scalability problems, I believe that the number of them will start increasing very quickly.

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July 02, 2021, 08:39:51 PM
 #75

Paying with bitcoin through the lightening network is good, because it gives immediate transaction confirmation which is top priority from the buyer and seller perspective. However it'll surely charge a small amount as transaction cost.

Right now with the applications available for financial transactions it is possible to do the same QR code scan and pay without any transaction fee and immediate confirmation. Maybe people can move towards bitcoin in the future, but right now it is fiat based applications than Bitcoin.
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July 02, 2021, 08:51:47 PM
 #76

Paying with bitcoin through the lightening network is good, because it gives immediate transaction confirmation which is top priority from the buyer and seller perspective. However it'll surely charge a small amount as transaction cost.
^ Lightning Network transactions are always good but the problem here is not that all online merchants accept BTC as payment and not all wallet-supported lighting networks to save fees. If I don't have money there is a good alternative for that, BTC is always good in all investments and becomes an alternate form the fiat. So, BTC here is just like a rescue team who was a rescue to fiat when there is no left behind if you have no choice, you can use your BTC at all times everywhere you are.
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July 02, 2021, 08:58:47 PM
 #77

To be honest, I don't. I still prefer credit/bank cards to Bitcoin mostly. And most of the places support a payment system with cards at least for now. But I enjoy paying with Bitcoin also. I just don't like the slow transfers and fees now. I hope that they can improve the system as soon as possible.

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July 03, 2021, 08:46:21 AM
 #78

I think I prefer to use fiat money to make payments instead of using bitcoin to make payments.
I am sure bitcoin will jump to a high price and if I can save more bitcoin from this time, I will have some more bitcoin and I can be ready to sell at a high price.
That is a choice you can make if you are purchasing something from the local store using fiat is always a good option but what happens if you are purchasing goods internationally, do you still use fiat for those transactions as well.

Whenever i pay for servers and other services which is billed internationally i always use BTCitcoin because it is safe and easy to maintain my privacy without exposing my banking data.
If I travel to another country, I think I will still use fiat to purchase goods and do not have a problem converting them to local currency.
Or I can use a debit card to buy those goods and that debit card is only for use in the other country.
But if those goods are available on the internet and I want to buy the goods from the internet, and I will use Paypal, debit card or other methods.
I will only use crypto to pay for goods if there is an option for the customer to use crypto.
I think if the merchant support crypto, we can use crypto to pay. Otherwise, we can use the other payment option.
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July 03, 2021, 08:54:52 AM
 #79

To be honest, I don't. I still prefer credit/bank cards to Bitcoin mostly. And most of the places support a payment system with cards at least for now. But I enjoy paying with Bitcoin also. I just don't like the slow transfers and fees now. I hope that they can improve the system as soon as possible.

Lightning Network addresses those two. Just that it's hard for merchants to adopt it, let alone Bitcoin.

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July 03, 2021, 09:52:50 AM
 #80

If I don't have any other choice then I would use my crypto that is how it is for me right now.
But honestly I hold most of my money on crypto so I usually spend my crypto whenever I ran out of money.
I also invest most of my earnings in crypto or at least turn most of my money into crypto.

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