What would you consider living on crypto?

[DaveF]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

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[avikz]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

For the use as a currency, it's always better to have the reference of USD so that we can ensure that we aren't spending more than the retail price of a product.

1 bitcoin = 1 bitcoin formula doesn't apply here! The price swing still doesn't make bitcoin a spendable currency. If bitcoin price stabilizes, then possibly more people will be interested in using bitcoin as a currency system. But as of now, I personally would want to save every bit of my bitcoins rather than spending it.

[pjwaffle]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

*I made this a moderated thread, but it's going to be very lightly moderated if at all. Just to keep the spammers away a bit.

-Dave

I lived in crypto for a while but the reality of its value was unpredictable and made my life difficult, so I chose both as work. both working with a stable paying job and using cryptocurrencies for trading and storage. Do you think the same as I think about this?

[20kevin20]

I think that putting all your savings in Bitcoin works much better instead. If you live on Bitcoin, unless you earn at least 2x what you need for monthly expenses, there will be months in which you will struggle to live. Especially when quick dumps come and you happen to have to spend a little larger sum of money. You earn $500 a month? Should Bitcoin drop by -50%, any $1 coffee you bought before will now cost you $2 and any t-shirt you bought for $10 will now cost you $20. Got a $200 rent? It will now cost $400. Difficult living like that, and nobody will guarantee that by the end of the year you will recover from your losses.

[BlackHatCoiner]

That is actually pseudo-living, not living. I won't take seriously a person who says he gets paid in BTC and starts movements such as “living on crypto”. How do you pay your needs? Don't you convert BTC to USD since all the people of your society transact with the government's currency? How do you pay taxes? How will you pay your bills?

I wonder... Haven't they noticed that cryptos (referring mostly to Bitcoin) are pseudo-anarchistic currencies where your wealth is manipulated by individuals?

*I made this a moderated thread, but it's going to be very lightly moderated if at all. Just to keep the spammers away a bit.

You mean self-moderated? It's not.

[DaveF]

That is actually pseudo-living, not living. I won't take seriously a person who says he gets paid in BTC and starts movements such as “living on crypto”. How do you pay your needs? Don't you convert BTC to USD since all the people of your society transact with the government's currency? How do you pay taxes? How will you pay your bills?

Well that is part of the question. I rarely use cash and just about never use checks, it's all credit cards (for the rewards) so if I did get paid in BTC and then immediately sent it to my BitPay card as USD outside of the lack of cashback rewards for me it would make almost no difference.

*I made this a moderated thread, but it's going to be very lightly moderated if at all. Just to keep the spammers away a bit.

You mean self-moderated? It's not.

Yeah, I decided against it and forgot to edit the post. Done now.

-Dave

[Yogee]

It seems difficult at the moment to live 100% on crypto and purchase things without the use of third party app that converts BTC to fiat. It would be a nice experience living in an environment where crypto is actually recognized like El Salvador.

[Ultegra134]

On the one hand, if you're getting paid in BTC, your salary may end up generating money on top of your monthly income. On the other hand, a short term or even long term price crash may diminish your monthly wage. Let's keep in mind that BTC had reached $60.000 and then crashed below $30.000. It took months to recover.

If you're living from paycheck to paycheck, I would advise against it, if you have money aside however, it could be a chance to acquire more wealth. Personally, I'm not sure if I'd opt for such a thing, since it involves a high risk, perhaps having a few paychecks in a year, paid in BTC, would be ideal.

[Kong Hey Pakboy]

I consider living in crypto if I get paid in crypto when I work and I use crypto buy the basic needs for me to live normally. I think any compromise in the system isn't considered a crypto because what's the point of getting paid in crypto if you're just going to sooner or later convert it to fiat to use it, might as well just get paid in fiat in the first place.

[Ausgewielt]

There is a rule in my country which said that citizens only may do transactions using national currency. So I think this it will not happen in my country, but my country didn't ban Bitcoin. If talk about salary, I will be happy if google Adsense use cryptocurrency as one of payment method. I don't like to use paypal, it is too complicated for me and not practical. If I become a content creator it will be my second job and payment for this is for investment so it will be practical to get btc directly so I can trade it right away.

[dark1234]

I think crypto is just a complement to life that complements the shortcomings of others because I still think that in any line of human life it complements and perfects each other so I can't live in crypto alone
without other than crypto and plus not all life can be fulfilled and paid for using crypto

[Trojane]

I wouldn't want to depend and put all my hope and curiousity on crypto because its rate of durability is uncertain and sometimes becomes a flux.
But well, as you may have it,development is a gradual process.So we still believe when it gets to a level that it could be given 100% amount of trust,maybe by then,better cyber securities and programming will be made fame,conjoined to the world's market
Trojane💎

[Anonylz]

Well to me, I would not say am completely living off on btc since I do convert to fiat currency before spending, and to be honest am not sure am ready just yet to be completely strictly on btc spending just yet, I like the idea of being able to have both options and use which one best suit me at a particular time, btc or fiat, between btc acceptance is still limited compare to fiat, so for now I think I will stick to having the best of both world.  

[DannyHamilton]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

If you get paid in crypto, and you convert that crypto to your local currency and store it in a bank, and then convert JUST ENOUGH local currency back to crypto each day to cover your daily expenses, and use a crypto based debit card to pay for things... then you are NOT "living on crypto".  You are NOT exposing your income to the volatility that comes with holding crypto and the issues that can arise when you want to pay for something, such as it costing twice as much crypto today as it did yesterday.

On the other hand, if you are paid in crypto, and you hold that revenue in crypto as you spend it, and you seek out merchants that accept crypto when possible, then it doesn't matter to me that you are using a crypto debit card in situations where crypto is not accepted. You are still "living on crypto".

I think of it this way:
Imagine I'm a citizen of the United States. I earn U.S. dollars from my employer. I hold my revenue in U.S. dollars (in my wallet, in my bank acount, in my investments). I spend U.S. dollars where I can. Now, I go on vacation to Europe for a month.  While I'm in Europe, I use my U.S. based credit or debit card to pay for hotels, food, transportation, entertainment, etc.  The merchant receives Euros, but the transaction processor converts to U.S. dollars at the current exchange rate and withdraws U.S. dollars from my bank account.  Am I "living on U.S. dollars" (my source of revenue, my holdings, and what I see disappearing from my account)?  Or am I "living on Euros" (even though I wasn't paid in Euros, I'm not holding Euros, and my bank account shows no Euros at all)?  In my personal opinion, in that situation, I'm living on U.S. dollars.

[cryptoperkele]

I have been living with crypto visa cards but those don't count. In order for it not to be converted to fiat in some point it would need to be accepted as a real currency, but obviously it won't because of the volatility.

In opposion, fiat money on the other hand is inflationary by design, and it isn't a bad thing. It's stable enough for the purpose it's been created, as a highly liquid transfer of stable enough value. Just because it's not designed to hold value, doesn't mean it doesn't work. If fiat wasn't inflationary, it wouldn't work either and the current system wouldn't hold.

[Dhoe]

what do you consider living in crypto,? for now, my consideration for living in crypto is only for assets and investing, if it's a problem to make eggs in one basket, I'm still not ready and don't dare to do all of that, because only the country of el salvador has legalized crypto currency, while other countries have not accepted bitcoin as a legal currency, that's why I'm not ready to live in crypto..

[flip4flop]

For most people I do not think that it is possible yet to live on crypto. If you were to live on crypto you would be paying for everything in crypto without having to rely on converting into fiat to pay bills or get food. While you can do so much more now than you could just a few years ago we are still quite aways away from being able to live on crypto alone.  It is getting much closer to being a real possibility soon but the extreme volatility will continue to slow down mass adoption.

[pawanjain]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

The answer to this question actually depends on the question When ?

If you are saying to live solely on crypto 'now' then the answer most people would give is obviously a no.
The price volatility, not so great adoption, barriers to payments are few reasons why people would not choose to live solely on crypto.

But, if you are asking about it in any point in future then I would say Yes.
When crypto is widely adopted and the country I live in legalizes the use of crypto as payment.
In that case it would be very much beneficial to live solely on crypto.

[Shenzou]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

See that is the problem with the whole concept of living on crypto, you have to go through several process and lose a bunch of fees in order to make it work, because right now we still can't fully pay for groceries and food and pay the bills with crypto, you need to convert it to fiat in order to sustain living, i know that in some places you could do so but it would still be inconvenient for you to go 10km to buy some food with crypto, rather than to go to a nearby shop and pay with fiat.

[herurist]

I think that putting all your savings in Bitcoin works much better instead. If you live on Bitcoin, unless you earn at least 2x what you need for monthly expenses, there will be months in which you will struggle to live. Especially when quick dumps come and you happen to have to spend a little larger sum of money. You earn $500 a month? Should Bitcoin drop by -50%, any $1 coffee you bought before will now cost you $2 and any t-shirt you bought for $10 will now cost you $20. Got a $200 rent? It will now cost $400. Difficult living like that, and nobody will guarantee that by the end of the year you will recover from your losses.

if this happens it seems this is a consequence when you live in bitcoin, but I still like in both bitcoin and fiat because if we put all the money we have it will be very profitable but if you just live and depend on it of course things this will not be true according to your words if bitcoin has decreased and you use your bitcoins for daily life of course this will be a double expense, because here we are not only talking about profits but every profit there must be a loss in this case means price drop in bitcoin.
it will be a different story when we place or have assets in bitcoin and fiat, even though it is not comparable, for example in the form of 60% bitcoin and 40% fiat this will be different when bitcoin conditions go down, the expenses we do will still not be double because we use fiat as the means for transactions, although indeed the profit will not be as big as those who store everything in bitcoin but that is not a problem for me. because here we are not talking about advantages only but look at the whole.

[Ucy]

Well, if it's a crypto debit card and your transactions are crypto transactions, meaning the transactions are recorded on the Blockchain,  you can be considered living in Crypto, (depending on what that really means).

Though I tend to see living on Crypto as getting paid in Bitcoin/crypto in Crypto related jobs and spending the cryptocurrency in Crypto-friendly way. You basically depend on Crypto rather than fiat.

[celot]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

maybe for myself I can't put all my work savings in btc. The reason is because it's too risky. Maybe if I put will not everything . For sure I should have enough money to live my retirement without taking any money from bitcoin investment.

[Dilladupak]

Crypto for me is a business, from which I can make a profit.  And if for example I work and get paid with Crypto, for me it doesn't matter because I can exchange it for USD. 
However, there is a concern if we always rely on Cryptocurrencies as a means of payment, namely high fluctuation values, so for me USD is suitable as a means of payment. 
Living in Crypto can indeed make us rich and fun, but we cannot continue to depend on it.

[swiftbits]

It would be not easy if we only operate and depend on our bitcoin wallet for transacting; not everyone is there to accept bitcoin.
I see that most e-wallet services are now adopting crypto and incorporate it into their service offer; that would be a great start. It would be easy to make transactions since crypto would be convertible to fiat whenever we need to pay someone. The problem is that these e-wallet services require users' personal info and can lock your account for many reasons. They still have the power in regulating and handling funds.

[izsara]

And until this moment I don't have an account, I only keep my wealth in crypto, whether it's in Bitcoin or in other crypto. The reason is simple, because the policy of the bank in my country makes me not to create a bank account account. Well, regarding the interest every month will be deducted when you have a balance on the account and that makes me choose crypto where there is no interest deduction and no matter how big the crypto I get have absolutely no interest charges per month. What if I need money for shopping? I only cashed into fiat as needed. The rest I think for the future.

[DOH!]

This depends on whether the country you live in supports direct or indirect crypto adoption. It will be considered when its feasibility is appropriate and currently, I think my country is not fully adapted to accept bitcoin/crypto forms for payment of goods or services... Therefore, it has a long time left for poor and developing countries.

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

For this to happen, I think it needs regulations to ensure that assets flow smoothly.

[adzino]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

I don't think converting BTC to fiat/USD is considered living on crypto. Would call it living in crypto if you are using crypto for everything. Using bitcoin to buy gift cards and then buying things should kinda count as using crypto indirectly. But I doubt it is going to be actually possible to live on crypto. At least not right. The volatility is what is holding everyone back from accepting payments and spending in crypto. Imagine you receive you wage and the next day can't buy anything because of a market crash.. That wouldn't be nice.

[Vaculin]

Well, if it's a crypto debit card and your transactions are crypto transactions, meaning the transactions are recorded on the Blockchain,  you can be considered living in Crypto, (depending on what that really means).

Though I tend to see living on Crypto as getting paid in Bitcoin/crypto in Crypto related jobs and spending the cryptocurrency in Crypto-friendly way. You basically depend on Crypto rather than fiat.

In general, all the transactions only use crypto like Bitcoin that certainly means but in the fact that we converted to local currency, that voids everything. Maybe this comes to be possible if Bitcoin is already accepted to all business establishments and runs both offline and online payment systems. But for now, we are still far from getting into a real deal with crypto, and the majority are still using fiat.

[Vaskiy]

At present living completely on cryptocurrency isn't happening around. For some reason what we experience is living in fiat through bitcoin, because we aren't spending bitcoin directly on our needs. We're converting to USD or to the local currency and then making use of it. Maybe this could change in the future, that is moment we can say we live on crypto. Right now the access to live on cryptocurrency is quite low and People too aren't much interested.

[dunfida]

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

People would really be considering on living with crypto on where using up some platforms for your needs even though it is needing some conversion then you could really tell that you are living with it.

since crypto isnt fully or globally adopted yet which i do talk about p2p transactions between merchant and clients then i could really say that we would still stick into the traditional path.

Thing here is that we do see some progress and we are really heading up there.

[worldofcoins]

What I think is - If a minority of people does that then there's won't be much of a problem for banks to interfere but when that majority of people starts to switch to crypto from Banks then it will create many problems related to taxing, Remember Tax is very important for a country to run even if you don't like paying it.

And if a majority of people start to evade that then government will interfere and will realize how hard it is to keep track of crypto payments, Taxing it would be very hard and someone can easily evade taxes. Then government might consider banning bitcoin and Hurrrayyy for Banks.

[cabron]

We could all live on crypto but it's still hard to do it since there is still the need for banks. Hard to find stores that accept BTC still unless the adoption had widely spread that local stores accept crypto.

There was a family who did it, a guy named Didi Taihuttu who turned his family into living proof that it's possible. Seems ahead of time but they made it. Moving to countries like Japan or El Salvador could make it easy.

[boyptc]

That's quite hard to live in a day to day crypto life but I think that Didi Taihuttu is the one that has been doing this for years after he has sold his properties and went full in crypto.

To me, I just can't do that as there's no massive adoption where I am at but if that's possible to get hair cuts and pay them with some sats, that's an amazing community where I live at, only if that happens.

[TelolettOm]

I am not working in the real world, not as an employee or others. Ima only working in crypto (bounty) and also do trading.
I can get money from crypto-only, moreover in this pandemic era where there are still many limitations in my country so that I still cannot work outside.
SO, I am only working and getting income from crypto.
I commonly cash out money to my bank account in order to fill my daily needs, monthly, and also all necessary.
Is this also called living on crypto?

[Kiley33]

Amazon can use Bitcoin gift cards, and you can use Bitcoin on Amazon.
If the price of Bitcoin does not fluctuate greatly, then I will choose to use Bitcoin for payment.
Now I just invest my extra money in Bitcoin. I haven't used shopping yet. I believe that the price of Bitcoin will get higher and higher. When it reaches its peak and no longer fluctuates, I will use Bitcoin for daily payments.

[dothebeats]

There will obviously be some transfers or exchange to fiat that will happen along the way if one decides to live by only using cryptocurrencies. They will be forced by situations to use fiat even if they don't want to, as that's what their current situation requires. Personally, I don't think someone could live off of crypto alone in our current times, even if crypto has already received a lot of recognition from big names in the world's stage. It will take some more time before anyone can live off crypto alone. There are some places in the world wherein crypto is widely accepted, but the stores and all those stuff are offering products and services that are pretty niche and, most of the time, not really part of one's basic necessities in order to survive.

[pooya87]

If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Not only this is not living on crypto but also it is the worst way of going about using cryptocurrencies (assuming bitcoin and assuming decentralized). Because you would be bringing back all the centralized problems that bitcoin removed and in my opinion there is no point in using bitcoin in first place if you are going to rely on banks (or any other centralized third party service) again.

[kotajikikox]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

actually all of us i guess wanted to stay away from banks that's why we are here though others has no options because of their countries policy so still engaging in banks up to now.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

if how you consume that conversion mate will decide if you are living in crypto or not, as long as the consumption regulates accepting crypto then that is it.

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

i have been putting some of my funds in banks whenever i sell my crypto for profiting but maintaining my capital inside crypto for buying back strategy.

[Lordshiva]

No i would not consider living only on crypto. Yes I do love crypto more than any thing else right now but we need fiat as well. Especially In a country in which i live we cannot survive only with crypto.
We need banks here and fiat money for our daily lifestyle.

[NeverSop]

Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

This is what we dream of, isn't it?  Because the bank continues to print money and control your financial surplus.  Living with crypto will get us out of the bad, but I would choose to go hand in hand between paying bitcoin/crypto for advanced needs and using fiat for real-life scenarios.

[Argoo]

This topic has already been discussed many times. The majority agreed that it is still almost impossible to use one cryptocurrency, since not all goods and services can be paid in cryptocurrency. And there is no reason to do it. You need to use all types of currencies, depending on how profitable it is to use them in a particular situation. State currencies and cryptocurrencies have their own advantages and disadvantages. It is necessary to take advantage of all their types and convert one to another if necessary.

[kryptqnick]

For now, any way that allows spending Bitcoin is a good one. It can be a debit card, a payment system or anything else. I'm currently at the stage of converting to fiat in order to use the money, but I wouldn't be doing it if direct spending became an option. In my country, there is only a handful of places where one can spend Bitcoin, and these are not places selling what I usually buy, so it's not very helpful. If, however, supermarkets started accepting Bitcoin as payment (going directly from a BTC wallet), I would use it directly, especially at times when the fees are reasonable. I don't mind the volatility that much, but the fees can sometimes be a problem.

[Louis Harper]

For me, it is just my investment tool. I do not plan to use it as a payment method. I just want to save it for the future. Although I have my job now and occasionally open positions to buy, I think the future of cryptocurrency is an indispensable part of me.

[NathanielParker]

To be honest, when I first entered the field of encryption, I had the idea of getting rich, because I was not satisfied with my current status quo. I wanted to have more and achieve more, so I got more gains on the basis of now, and entered After the market, I experienced the fun and benefits. I like this better. I can challenge myself and let me be at the forefront of the field that many people don’t understand.

[electronicash]

it's hard to live with crypto only in my country. crypto users will have to convert their coins to fiat before they could spend, there is no way we can spend bitcoin directly since there are only a few stores that accept BTC.

for the people who considers BTC to be an investment, its gonna be hard for them to let go of their BTC. they expect the price to shoot to the moon so why would they spend it when it's going to be worth a lot later.

[Wawa2013]

it's hard to live with crypto only in my country. crypto users will have to convert their coins to fiat before they could spend, there is no way we can spend bitcoin directly since there are only a few stores that accept BTC.

for the people who considers BTC to be an investment, its gonna be hard for them to let go of their BTC. they expect the price to shoot to the moon so why would they spend it when it's going to be worth a lot later.

I have the same difficulty as you, can't spend Bitcoin directly to buy daily necessities. It's not that there aren't many shops that accept Bitcoin
payments, but in my country using crypto is only allowed as a digital asset. So the government of my country forbids using Bitcoin as payment,
nor can we live solely on investing in crypto. We know it's very difficult to earn a steady income from investing in crypto, so for now I really can't
rely on crypto for a living. I still have to work in the real world to be able to earn a steady income, and the extra money I have I can use to invest
in Bitcoin. So for me crypto is just my retirement plan in the future, hope the Bitcoin price rises very high in the future and can enjoy the results.

[peter0425]

Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

This is what we dream of, isn't it?  Because the bank continues to print money and control your financial surplus.  Living with crypto will get us out of the bad, but I would choose to go hand in hand between paying bitcoin/crypto for advanced needs and using fiat for real-life scenarios.

actually if you continue reading his post , OP is asking if we can consider living in crypto if we will convert or transfer our coins into other platform like bitrefill or bitpay is this still a crypto living?

For me, it is just my investment tool. I do not plan to use it as a payment method. I just want to save it for the future. Although I have my job now and occasionally open positions to buy, I think the future of cryptocurrency is an indispensable part of me.

so what about in future? you will still hold? lol Bitcoin or crypto is meant for payments or other form in which tradable , so if you will just hold it then you are going nowhere  .

[ven7net]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

As for me, it is better where there is a convenient and affordable use of funds. But here you need to correctly understand that if you are talking about using Bitcoin and cryptocurrencies in general as money, then very little has been done for this. For example, if there are points where you can buy goods for BTC and other cryptocurrency, then there are very few such places. In this case, banks win, since with the help of their services you can pay for any product in any store. As for making a profit, this is where there is a fork, where some want to invest in BTC and other cryptocurrencies, since they bring more profit than assets in the bank, and you also own your own funds, and in the bank your funds are protected bank, which at a not very good moment can become a problem to receive them. It is also worth considering the inflation of money, which is gaining momentum right now.

[michellee]

Bitcoin and other cryptocurrencies for now certainly cannot be fully used to make payments, especially considering that currently many governments are still limiting the circulation of bitcoins in their countries to make transactions and payments, making it impossible for us to live with cryptocurrencies completely, if without us exchanging at all with conventional currency.

Although we can not use bitcoin and other cryptocurrencies to make payments, we can still convert it into fiat money by selling it into exchanges to have money to buy our daily needs. Maybe we need to wait until the government accepts crypto to start to use crypto to be the payment method. Until that time comes, convert it into exchanges is the only way that we can have. Right now, we can use crypto as our investment to prepare for our future.

[AicecreaME]

I think that putting all your savings in Bitcoin works much better instead. If you live on Bitcoin, unless you earn at least 2x what you need for monthly expenses, there will be months in which you will struggle to live. Especially when quick dumps come and you happen to have to spend a little larger sum of money. You earn $500 a month? Should Bitcoin drop by -50%, any $1 coffee you bought before will now cost you $2 and any t-shirt you bought for $10 will now cost you $20. Got a $200 rent? It will now cost $400. Difficult living like that, and nobody will guarantee that by the end of the year you will recover from your losses.

I don't really agree with your first statement but I agree with the rest of what you have said. Putting all of your hard-earned money in Bitcoin is risky. You know how volatile bitcoin is. Diversification of funds is still of importance. I know that bitcoin has already proven itself numerous times but you should still put some of your funds in other platforms in case something happens, you can withdraw instantly. Aside from personal savings and investments, you should also prioritize having an emergency fund which you can easily cash out if ever worse things occur. Because if you put all your funds in bitcoin and something happens, you will be forced to withdraw whether it was in a bearish market. In that case, you'll lose your supposed profit.

Regarding living on crypto. It would be extremely risky as well. Imagine living in volatility and uncertainty. It would be so stressful most especially if you're not really that well off. I don't think living on crypto is a good idea. It would cost you more during its bearish market days. While it would be so nice to spend during the bullish market because you can spend more than what you originally invested, it isn't guaranteed that it's gonna be that kind of day every day. Fluctuations often happen and it won't be so healthy to live in that kind of environment unless you love to be challenged so much and can afford to lose much.

[LogitechMouse]

If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'?

I have been doing this for a year already. Getting paid in Bitcoin, converting it into our own currency and that is what I'm using to pay the bills here in our home.
Even though that is the case for me, I don't think that you can call it "living on crypto" because I believe that the phrase means "your world is only crypto". You are using crypto "only" and being paid with crypto "only".

Volatility is the main reason for me why I'm just converting my Bitcoins and pay the bills immediately. You might be keeping some Bitcoins just to have some funds to pay for the bills next week but shit happens. Bitcoin went down and now you are having a problem. Living on crypto means you are using crypto "only" and being paid with crypto "only". That is what I think but I know that there are some who thinks differently. Living on crypto might be possible if only there are more establishments accepting it. I believe though that more will accept it in the next years to decades and someday we will achieve the life around crypto.

[marilynmanson21]

Life in crypto is full of challenges and requires patience, if I can't wait it can make my immune system drop drastically, I prefer to live in a fiat life.
the crypto world for me is only a complement to my life where it is said that in crypto I can multiply money without taxes, admin fees like in national banks

[Ndlongap Ndlongop]

Life in crypto is full of challenges and requires patience, if I can't wait it can make my immune system drop drastically, I prefer to live in a fiat life.
the crypto world for me is only a complement to my life where it is said that in crypto I can multiply money without taxes, admin fees like in national banks

True, crypto needs patience and of course requires great financial strength, as we know that crypto is like a roller coaster, if we are full in crypto it will make it difficult for us to eat and sleep, make crypto as an additional income but never make it the main one.

[glendall]

the most severe consideration if I live in crypto, price volatility is extreme, here I am not able to think calmly especially if the price declines, and for now it seems that it is still difficult to full live with crypto where we still buy daily necessities days with fiat even if BTC can do it still using third party apps that convert BTC into fiat. too complicated for me so I will think how many times if I have to live in crypto

[tygeade]

Very interesting discussion indeed.

Bitrefill, a site that sells most types of gift cards through Bitcoins advertises itself as "live on crypto", I remember that from some ads in past.

The are some problems when I think of living on crypto:

- The legality status
- The confirmation timing ( you can't spend bitcoins at places like McDonals unless you are ok with waiting for an hour )
- The price instability

A lot of people say that Bitcoin's price will only increase and I agree with that but that doesn't mean everyone thinks the same and is an investor in Bitcoin by accepting it.

[Semar Mesem]

Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

This is what we dream of, isn't it?  Because the bank continues to print money and control your financial surplus.  Living with crypto will get us out of the bad, but I would choose to go hand in hand between paying bitcoin/crypto for advanced needs and using fiat for real-life scenarios.

Of course I use fiat more now, this is because there are not many outlets or restaurants that accept crypto directly, this is because my country has not made crypto a legal payment system, I hope that users will increase so it will be easier to transact with crypto.

[TheGreatPython]

Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

This is what we dream of, isn't it?  Because the bank continues to print money and control your financial surplus.  Living with crypto will get us out of the bad, but I would choose to go hand in hand between paying bitcoin/crypto for advanced needs and using fiat for real-life scenarios.

The dream of living on crypto is still far-fetched because governments control the policies in each country and the merchants cannot go against the government and accept crypto. At the end of the day, merchants need to cash their income and if the government has banned the use and dealing of crypto in their country, then no merchant would want to accept crypto.

The good news is that more countries are understanding the value of cryptocurrencies and some are even launching their own CBDC, which isn't something great because they are controlled by the government again like fiat. But at least this shows that there is interest in cryptocurrencies from government officials.

[SurVM215]

I am already the subject of your discussion. I ordered a debit cryptocard from the OWNR cryptowallet because I get my salary in crypto. I can say that it is very convenient and does not cause me any problems.

[ali1177]

I have started living on crypto I personally using bitrefill from a long time just for topup my mobile phone and for buying the gift card for different shopping website I can say in future there will be more business which will support bitcoin as a payment option.

[boled]

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

I think it's part of coexistence with Bitcoin/crypto, although not fully using Bitcoin as a means of supporting the economy in life. Bitcoin was not created to make it difficult for people to make financial transactions, so, if Bitcoin can provide convenience both in conducting transactions or to benefit from these transactions, I think it has become part of living with Bitcoin/crypto.
Seeing the current reality that financial regulations in many countries have not made it possible for us to live fully using Bitcoin. Seeing the current reality that financial regulations in many countries have not made it possible for us to live fully using Bitcoin. So we have to be smart to manage and take advantage of the Bitcoin/crypto that we have, making peace with the situation in making Bitcoin/crypto transactions is one way for us to give Bitcoin a chance to enter into our real lives.

[Reatim]

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?



-Dave

Am nit a user of Both Bitpay and conbase as debitcard si i literally cannot answer that , but as long as you are using the funds to purchase and live with it? i guess that can be consider as Crypto living.

I have started living on crypto I personally using bitrefill from a long time just for topup my mobile phone and for buying the gift card for different shopping website I can say in future there will be more business which will support bitcoin as a payment option.

so meaning this is a clear living in crypto for you mate and I'm glad that in your country offers like this usage of crypto are functioning while in mine it is not.

[Wong Gendheng]

I have started living on crypto I personally using bitrefill from a long time just for topup my mobile phone and for buying the gift card for different shopping website I can say in future there will be more business which will support bitcoin as a payment option.

Of course it's very nice if we can shop online and pay with bitcoin, the biggest obstacle right now is the very large transaction fee, I once tried to buy a t-shirt and when I wanted to pay with bitcoin unfortunately the transaction fee was greater than 1 pcs t-shirt and made me cancel transaction.

[lenovop-70]

As i discover cryptocurrencies, i use it to invest, not yet as my payment method, theres too much think to be considered to make crypto as our payment method, so many citizen of the world doesnt know technology as well, and thats will be the problem if crypto be our payment method replace fiat.

[isaac_clarke22]

~

Seems like a meh, because living in crypto would be like having your own money without involving any authorities, and not even those who taxes one's income. We're still stuck to the paper money we have right now to be able to buy the usual stuffs we need daily.
I use custodial wallets here in my country which is Coin PH whenever I wanted to use their services such as buying Steam credits and all those digital goods that are available. I wouldn't call it living in crypto though.

[Momotajul]

It would be a good idea to keep all your savings in Bitcoin.  If you have some bitcoin, unless you earn at least some of the monthly expenses, there will be months where you will struggle to survive.  Especially when it comes to quick dumps and you have to spend a little more money.  Do you earn a few dollars a month?  If Bitcoin goes down, the $ 1 coffee you bought earlier will go down to $ 2 and the one you bought in dollars will go down.  Living such a difficult life, without bitcoin and no one can guarantee that you will recover from your losses at the end of the year. It is wise to invest seriously.

[Kayum10029]

As the popularity of Bitcoin continues to spread among the people, our daily life without Bitcoin is becoming more and more.Before Bitcoin was not an analog type of human life but in today's world Bitcoin is like a new fashion in a new chapter. Many businesses are making Bitcoin the mainstay of their business.

[oktana]

This is what I suggest for most people. If you are paid in BTC/Cryptocurrency, Store your payment or money as cryptocurrency. And then when you need fiat, you withdraw an equivalent of what you need at that moment. This way, you aren't really storing your money in the bank cause you're seeking withdraw only when you need fait.

[Shasha80]

As i discover cryptocurrencies, i use it to invest, not yet as my payment method, theres too much think to be considered to make crypto as our payment method, so many citizen of the world doesnt know technology as well, and thats will be the problem if crypto be our payment method replace fiat.

I am also like you, using crypto only as an investment. I can't use crypto as a means of payment, because in my country the government forbids
using crypto as payment. Therefore I still need fiat to live, even though my country's government legalized crypto as payment, it is impossible to
let crypto replace fiat. This means that it is a impossible for us now to live only by relying on crypto, the most ideal is that crypto is used as
an alternative payment.

[rodskee]

There was this family couple years back that tries to live in full crypto in which they travel in many countries trying to use Only crypto as their fund and not Fiat in totality.

i believe that this is how the real crypto living , but what you mentioned is something like different because from crypto the funds will be converted into credit lines in which the funds become Fiat in general(though electronic operated also like crypto)

so for me this is not crypto living, because if i am to decide , crypto living is when you live in place where crypto is available and can be used everytime you need and it is always available .

[Bitcoin Seller]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

For the use as a currency, it's always better to have the reference of USD so that we can ensure that we aren't spending more than the retail price of a product.

1 bitcoin = 1 bitcoin formula doesn't apply here! The price swing still doesn't make bitcoin a spendable currency. If bitcoin price stabilizes, then possibly more people will be interested in using bitcoin as a currency system. But as of now, I personally would want to save every bit of my bitcoins rather than spending it.

That’s right, now it is impossible to use only crypto everywhere. First of all, it is not accepted mostly. Secondly, it is still very volatile. But what if it will replace fiat money completely? We wouldn’t know its equivalent in dollars, we would just see the prices of goods and make our conclusions, but marchants would set prices  based on the level when people agree to buy, so Bitcoin wouldn't be so volatile anymore.

[exhort]

In theory, sure! In reality, Not so easy! Rates change. USD is getting rekt by inflation (money printing and all).

[_Miracle]

For a brief moment in time I thought I would mine (or work for a company that paid directly in bitcoin) and pay for things p2p.   <-----full bitcoin living

Still considering a QR code tattoo.

I had a Shift card for a year or 2,  purchased things directly when I could and cheated with GYFT cards for awhile.


Interesting older article
https://www.forbes.com/sites/kashmirhill/2013/05/01/living-on-bitcoin-for-a-week-the-journey-begins/?sh=41a4cbb43520

[marine4u]

In my opinion, bitcoin makes our lives more vibrant, exciting and uses bitcoins daily according to the regulated mechanisms based on the place of residence of each person but not bitcoin is an exception to safe use  secured in other forms of exchange use at the consumer level due to insufficient mechanisms or infrastructure, even debit/gift card conversions…etc

[jaberwock]

the most severe consideration if I live in crypto, price volatility is extreme, here I am not able to think calmly especially if the price declines, and for now it seems that it is still difficult to full live with crypto where we still buy daily necessities days with fiat even if BTC can do it still using third party apps that convert BTC into fiat. too complicated for me so I will think how many times if I have to live in crypto

To solve the volatility, there are stable coins that can help a lot in stabilizing the market. If you want to pay someone in crypto, you can do that via stable coins and the buyer can either keep that in stable coins, or if they want to take the risk, they can convert it back to Bitcoins. This volatile nature of crypto has been neutralized to a good extent with these stable coins.

We are trying to discuss the obstacles in the path of living in a crypto-dominated economy and I am not sure on at what time frame it will happen as it is needing lots of depending factors to have feasible environment.

[federalmoney_official]

Hello

[zanezane]

Now I prefer to trade crypto and make a profit. But it is difficult to predict what will happen next.

That's normal that it's difficult, if that's not the case then trading won't exist because IPO and public companies won't exist because the investors know when and where the market's going to go.

[Ararbermas]

Well for me your living in crypto even you convert to real fiats wherein even through debit card or bank as long as it came from any crypto currency, still the same. Because you now you have no choice especially if your country is not yet accepting crypto currency as a digital payment, so you need to convert it in order to spend it. 

[ChiBitCTy]

First off I have to think that your spelling of Coinbase as "Conbase" was not on accident, and I have to give you props for pointing out that fact ( I am well aware of what those scumbags are all about).  That being said, I'm not sure if transferring bitcoin to an ATM/Debit card deal would really be considered "living on bitcoin".  I guess it all depends if you solely got paid with bitcoin.  I'm not sure at the moment if I could do it however.

[Nunoluck]

I think most of bitcoin users behaviour is more like trader. I would like to recieve salary in cryptocurrency as long as I still have fiat to fulfill my daily necessities. I still need to use fiat because in my country the citizens are only allowed to use national currency for every transactions but holding bitcoin is not prohibited. I will trade my salary in exchange site but the problem is when there is bullish market I will get less BTC if my payment rate is still based on fiat price. I think there is positive and negative side in it.  If mamy people receive their payment in form of bitcoin then I think it will bring good sentiments to the market.

[dimonstration]

Well for me your living in crypto even you convert to real fiats wherein even through debit card or bank as long as it came from any crypto currency, still the same. Because you now you have no choice especially if your country is not yet accepting crypto currency as a digital payment, so you need to convert it in order to spend it. 

Having crypto as a mean of having income or earning source is the trend nowadays. Yes no we need to convert it but soon there will be ways that it can be use efficiently anywhere and with ease. It’s nice that we are able to know it before the big adoption happens since we jave time to invest and not fully convert it to fiat. We see how crypto arise and for sure it will be developed more that will expand its uses and accessibility.

[iTradeChips]

If you are going to ask me, then as of the moment I might not want to see Bitcoin be used as a currency. The high volatility of the coin and the problems merchants would have in pricing goods and services in Bitcoin would be deemed problematic. Your salary in the same amount of satoshi might fall in case the price also fell for Bitcoin, and that would affect your purchasing power once you convert your cryptos to cash through 3rd party conversion services.

[Digitalbitcoin]

As human being, we need basically three things to live on a planet with own terms, and that are food, shelter, and cloths. All other things are manmade for enhancing a better life experience.

Basic needs can be fulfilled by purchasing them, for this it requires purchasing power. To have more purchase power, a person has to have more assets, which can be used to exchange to purchase necessary things.

And here crypto comes to make a difference in an ordinary person's life. As its electronic currency, anyone having talent can earn crypto using their own skills to increase their earnings in crypto to live a better life.

[Kittygalore]

For me, it's simple,. You can consider living in crypto if you don't have any fiat in your possession and you always buy your daily needs like hygiene products, food, medicine and water with crypto. I think that's the only way so no exceptions besjdes using fiat to buy more crypto.

[Smartvirus]

We had a similar discussion on this in our Nigerian Local Board under the other languages Board just a while back. It was some worth about living on crypto in contrast to the necessity of these banks. I think the bone of contention came up with the displaced persons from Afghanistan following the crisis who have got to live the nation and there wealth behind both in banks and property to avoid the Talibans rule

In that aspect, crypto seemed a lot preferable as it's got no definite place or locality to it but still, not all merchants are suffisticated enough to be hooked on crypto for payment. There are rural areas where the android phones that might be common to you are lacking. Not to talk about  cryptocurrency that is even suffisticated to the most learned person.

There is no way we are going to live without fiat currency so, should you be receiving payments or prefer savings in cryptos, its a good thing but, fiat and banks is till very necessary and useful.

[Arvin01]

Outside of my normal work, my part-time boss paid me in Bitcoin.
I think it's okay to earn Bitcoin from sideline business outside of normal work.
I just invest in Bitcoin, and I haven't used Bitcoin for daily payments.
The value of Bitcoin will increase and I don't want to lose.

[ropyu1978]

what do you consider living in crypto, maybe my considerations are simple, I will live in the crypto world, but not completely, because I am sure I will look for other income, and I will save some of my money into fiat currency, for purposes me everyday, because I don't live in the country of el salvador, which has legalized bitcoin, and has accepted any purchases using bitcoin..

[cotton ball]

consideration of living in bitcoin, if in my country to live in the crypto world is very difficult, because in my country bitcoin is still illegal, and I can't buy anything using crypto, different from your country, because your country has legalized bitcoin, and already accept bitcoin in any purchase, like in el salvador country..

[willhuber]

Living on crypto has its benefits as well as downsides. I can’t think of living entirely on crypto, unless every firm starts accepting payments in crypto and the government offers less resistance towards cryptocurrency. But I can't even ignore it, it is going to be the most obvious future. Until then a mix of crypto and fiat money is good.

[suryana]

As human being, we need basically three things to live on a planet with own terms, and that are food, shelter, and cloths. All other things are manmade for enhancing a better life experience.

Basic needs can be fulfilled by purchasing them, for this it requires purchasing power. To have more purchase power, a person has to have more assets, which can be used to exchange to purchase necessary things.

And here crypto comes to make a difference in an ordinary person's life. As its electronic currency, anyone having talent can earn crypto using their own skills to increase their earnings in crypto to live a better life.

It's true that at least crypto brings a different influence in this life. At least bring good influence for me especially . Because of crypto at least I have realized my small dream to be able to buy a house. Although on the other hand we are always faced with big risks, but if we are good at managing losses, they can be minimized.

[iTradeChips]

We had a similar discussion on this in our Nigerian Local Board under the other languages Board just a while back. It was some worth about living on crypto in contrast to the necessity of these banks. I think the bone of contention came up with the displaced persons from Afghanistan following the crisis who have got to live the nation and there wealth behind both in banks and property to avoid the Talibans rule

In that aspect, crypto seemed a lot preferable as it's got no definite place or locality to it but still, not all merchants are suffisticated enough to be hooked on crypto for payment. There are rural areas where the android phones that might be common to you are lacking. Not to talk about  cryptocurrency that is even suffisticated to the most learned person.

There is no way we are going to live without fiat currency so, should you be receiving payments or prefer savings in cryptos, its a good thing but, fiat and banks is till very necessary and useful.

It would really be difficult for people to easily accept Bitcoin as payment also as mode of payment for salaries, taxes, and other transactions that is common with fiat today. As you have mentioned the technology implemented for payments and solely based on fiat currency so it will be a challenge for them to adopt cryptocurrency. Maybe it can be applied to lesser valued cryptocurrencies that are not expensive and still be used as payments.

[clint25n]

Of course this is inseparable from bitcoin itself which is long-term and so transparent.and that also makes bitcoin an investment that makes miners want to linger in the crypto world so that they are free and free to carry out an investment for the future to come

[Om.monata]

It seems difficult at the moment to live 100% on crypto and purchase things without the use of third party app that converts BTC to fiat. It would be a nice experience living in an environment where crypto is actually recognized like El Salvador.

The classic problem is that countries don't allow crypto to exist. today there are still many countries that are pro and contra against crypto, especially bitcoin. living with 100% bitcoin is just a dream that has not been realized until now.

[ElmedoRator]

I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

[verita1]

It could work in some countries where prepaid cards with Crypto are available and in some stores where GiftCard accept.
But not all countries are prepared so that the population has these payment options.
This future is not far away we need cities modernized with these technologies and therefore citizens educated with these new changes.
From my own experience I can say that I live totally with Bitcoin and Altcoins and that when I need Fiat to buy my food and pay my bills I use a P2P exchange.

[ElmedoRator]

I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

You are right, in life we don't need to think too far ahead, we don't know if bitcoin is still worth 10 years from now or not, it's all hard to guess, when Nokia and Blackberry invested heavily in early 2010 they couldn't compete with smartphones Android-based , currently bitcoin is still valuable and we should get great benefit from bitcoin.

I agree with you, I see too many people living in the past and the future. Just simply, being satisfied with what we have, everything will always be the way we want it to be.
This society will always develop, good or bad is also our choice, no need to look too far away from the things that have not yet come, the motivation of life is necessary to make things more meaningful but should not be changed it becomes self-pressure.

[Coyster]

For me, it's everything you are doing are all in crypto, you buy your food and services with crypto, you get paid with crypto and no fiat ever touches you again.

Is that even possible, if you're never going to touch fiat ever again then you'll be unable to buy quite a lot of your needs, which means you'll not be able to survive, it's a cool ideology if we ever get to the point were we can use crypto for basically everything, a point were all payments and purchases can be made either in fiat or in crypto, but for now it's simply not possible until mainstream adoption becomes a reality. The most you can do now is to hold all your finances in crypto and then you will have to convert some of it to fiat every now and then to meet some of your basic needs in RL.

[MFahad]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

I really wish that i could avoid the paper money and banks and live only on the crypto but practically it is not possible. There is no way we can use bitcoin publicly if the government does not make it legal.
Also people do not have enough knowledge about bitcoin.

[Spack17]

In today's world, it doesn't seem very possible to live on crypto unless your government decides to make it legal tender. Because cryptocurrencies are still not used everywhere. You can't pay your bills with cryptocurrencies for example. Or you can't buy anything you would like with even Bitcoin now. As long as fiat is used as the global currency, cryptocurrencies will not have this chance as much as fiat. However, this won't go on like this forever too. After digital currencies take the place of fiat in the future, we will always be using digital ones.

[chichigirl]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

That is very good idea, wishing that in the future that will finally be happen. That is very much appreciated for BTC users and that will be more conveniet to use. No more necessary transactions in all but onl8ne transactions will be done immediately. That is very great idea and hope to see that kind of scenario of bitcoin in the future.

[Sanugarid]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Con base and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

Living on crypto is not applicable for everyone. Maybe only a small percentage of it since it allows us to earn more than enough to what we need. Considering the volatility of the market, it could crash anytime just like what happened a few months ago. Moreover, cryptocurrency is not considered a legal tender especially here in my country so I still need to convert it to fiat currency to buy goods and services.

[cabron]

I didn't leave the bank entirely, but earned from crypto completely. In my country, it is strictly forbidden to transact or shop using bitcoin, it must use the country's native currency. That's why I have to convert it to fiat. However, I feel a lot helped by the economy while in cryptocurrency.

For now, I think we can not leave the bank completely but if the adoption is massive that we can find local stores accepting cryptocurrencies, we may be able to find living on crypto comfortably. You won't have to go withdraw from ATMs anymore and all you wait for are coins to land on your wallets especially if you are staking some of them. I think if El Salvadorians will also accept other coins like ETH, BNB and ADA, people will also try to accumulate these tokens when it circulates in the country.

[raji1995naya]

When I initially started working in the subject of encryption, I had the goal of becoming wealthy since I was unhappy with my existing situation. I wanted to have more and achieve more, so I increased my current gains and entered the market. Following the market, I was able to enjoy the enjoyment and advantages. This is more appealing to me. I can push myself and be at the forefront of an area that many people are unfamiliar with.

[worldofcoins]

For me, it is just my investment tool. I do not plan to use it as a payment method. I just want to save it for the future. Although I have my job now and occasionally open positions to buy, I think the future of cryptocurrency is an indispensable part of me.

I think it's easy for you to buy things online like gift cards with bitcoins if you play games online,
In any case, cryptocurrency is getting popular compared to what it was in 5 years of release (bitcoin 2009).

Also, the government is forced by the citizens to lift the bans on cryptocurrencies making it even popular among those who didn't know about it and the news did spread a message about cryptocurrency which lead the people to know about it.

[Assface16678]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

For the use as a currency, it's always better to have the reference of USD so that we can ensure that we aren't spending more than the retail price of a product.

1 bitcoin = 1 bitcoin formula doesn't apply here! The price swing still doesn't make bitcoin a spendable currency. If bitcoin price stabilizes, then possibly more people will be interested in using bitcoin as a currency system. But as of now, I personally would want to save every bit of my bitcoins rather than spending it.

I totally agree, for example you are a regular seller and you offer bitcoin as payment. That payment may be profitable today, but you may lose a big amount of money as the exchange of it drop. The price of bitcoin is unstable for now and saving it is the best option.

[MIldic1c]

To be honest, I like the feeling of price fluctuations, but sometimes the fluctuations are very extreme. I had this idea when I first learned about the huge profits of the crypto market, but the reality will not proceed as planned.
Cryptocurrency is only part of our lives, and I don't think we can live alone in encryption.

[jakdanyel]

If the cryptocurrency that I will live on is volatile, then I would never want to live on it. Because I will hope that the coin has good times all the time. If it dumps, my coin will start to be worthless in the end. I will be happy only when the price is at least the same as the price I bought the coin at. But if we are talking about stablecoins, then I would like to live on them. But conditions are not so good for this as we are still using fiat the most. When we enter the digital currency era, we will all be living on them.

[so98nn]

Always been interested in crypto and ways to spend it in the real world. I just want that everyone start accepting it and make an infra which would allow easy expenditure of the same. Last week was on leisure trip in Goa and there were so many foreigners around me who are ready to spend as much money as they want in hotels, beach side leisure, sea foods and shopping and what not! If they start to accept the crypto then the day is not far everyone would be happy. 
This is just out of imagination that how crypto could start to be accepted as international come local current. No barriers at all  for any type of country or person. I wanna have such type of experience and for which crypto needs deep rooted adoption for sure.

[Helen-cty]

I admit that I am obsessed with encryption and I am a follower of Bitcoin, but I will not put all my time and hope in the crypto market, because it is unknown and no one can predict the future development. I will not Live your life entirely by encryption, dominate your life with encryption, and choose the way that suits you best.

[wissy]

It could work in some countries where prepaid cards with Crypto are available and in some stores where GiftCard accept.
But not all countries are prepared so that the population has these payment options.
This future is not far away we need cities modernized with these technologies and therefore citizens educated with these new changes.
From my own experience I can say that I live totally with Bitcoin and Altcoins and that when I need Fiat to buy my food and pay my bills I use a P2P exchange.

Well if you can use Visa debit card in your country, which is possible in more than 200 countries around the world, then they cannot prohibit you to use your crypto Visa debit card. Those cards are around since 2014 and they made it so easy for us to spend crypto offline.
For example in my country, no bank offers debit/credit card that gives you cashback, thats why crypto cards are that much more interesting for us to use.

[wiss19]

I admit that I am obsessed with encryption and I am a follower of Bitcoin, but I will not put all my time and hope in the crypto market, because it is unknown and no one can predict the future development. I will not Live your life entirely by encryption, dominate your life with encryption, and choose the way that suits you best.

Yeah in many countries, still it's not possible to with on crypto because they have no facilities or adoption not like we need for living on crypto but in developed countries it's possible because they have already done their own work which is important and here some better legislation and rules allowing them to do this.

In our country still it's not possible because we have no adoption and authorities not allowing to use this openly even thousands using this crypto and doing buying/selling directly but buying things for this still need some good time because right now people's not aware with this all, and It's still needed some good knowledge which is not easy for all to adopt very quickly.

[mrongoz_imut]

consideration to live in crypto, I personally for now is still very difficult to live 100% in crypto, because in the country where I live, crypto money is not yet free, like in El Salvador, and can't buy anything using bitcoin, I have to use another application to exchange bitcoin to fiat currency, because the government in my country still considers bitcoin as an asset to invest, not as a currency..

[Dewi Aries]

From what i read i think mostly it is already convert the crypto to fiat before spend it. And for me, no matter in what i get for earning, i will convert it to fiat and then spend the rest to made investment. I think fiat and digital fiat in all over the world is more simple than we convert our crypto first, especially nowadays there are a lot of local exchanges and can help us to withdraw fiat into our bank account.

[pinggoki]

You're still your own person regarding this but as a piece of helpful advice, don't do this. The price is extremely volatile and being paid in bitcoin alone is already risky. Yes, there is a good possibility that you're going to get some boost in your pay but more often than not this doesn't happen. Not to mention the hassle you'll have to go thru just to be able to convert your crypto into cash that could be used for various establishments. I think this is a good challenge that you could post on social media platforms to raise awareness of what crypto really is but until the market stabilizes, which will take a long time, by the way, I would highly suggest you use fiat in the meantime.

From what i read i think mostly it is already convert the crypto to fiat before spend it. And for me, no matter in what i get for earning, i will convert it to fiat and then spend the rest to made investment. I think fiat and digital fiat in all over the world is more simple than we convert our crypto first, especially nowadays there are a lot of local exchanges and can help us to withdraw fiat into our bank account.

Well that's the main gist of it. You get paid in crypto, you will need to convert it into fiat nonetheless. Until everyone on this planet decides to use bitcoin and cryptocurrencies in general for good, there's no way we could get out of this tiresome and often expensive process. Lightning network offer some promise but I wouldn't count on  it. So personally being paid and using fiat for goods is the best way to get around things at least for now.

[Rabi3]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

*I made this a moderated thread, but it's going to be very lightly moderated if at all. Just to keep the spammers away a bit.

-Dave

I lived in crypto for a while but the reality of its value was unpredictable and made my life difficult, so I chose both as work. both working with a stable paying job and using cryptocurrencies for trading and storage. Do you think the same as I think about this?

of course, obviously if you can do both why not ?! get a job and get paid in fiat, and find another way to get paid in crypto like being a manager or a developer ...etc that is the smart way to do it, get both so you don't just rely only on crypto and if something bad happens to it you end up having useless priceless virtual coins and tokens, so if you have the ability to get them both just go for it.

[Theones]

Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.

That's true and I am glad someone highlighted this issue. There are many limitations of BTC that need to be sorted out before we start seeing BTC as main stream payment system. Apart from volatility, Scalability and High fees are also one of main factor that are limiting BTC use in main stream industry.
Moreover my point of view is that BTC value is still measured in USD. BTC still doesnt has its own value. It might look strange but thats what I think about BTC.

[iTradeChips]

I really don't want to live solely on cryptocurrencies. All I want is rental spaces that I can use to earn extra. If I can rent all my stuff then why not right? Rented spaces are the most perfect form of passive income out there and I want my profits in cryptocurrency tradings to make it happen for me. Imagine if you have 10 rented houses, then you get a very nice profit out of it. Anyway, I am going to stop now, since most of you know the value given by rented properties. It is very satisfying to live in money earned by rent.

[donaldlloyd]

I wouldn't want to live on cryptocurrency at all, rather I prefer it as a trading asset which works just fine for me. The everyday price change wouldn't help anyone in actual public use apart from trading.

[mr500]

I want to live on crypto but it is not possible of extreme volatility . Before you put your money into the still highly volatile asset, however, there are three helpful things to consider, according to financial and behavioral experts. Prepare for all ups and downs because it must be happened . Living on crypto fearlessly and always perfect timing to trade.

[Zedpastin]

Living on cryptocurrencies is when you use it every day and not using it once in a while to prove that you can use it as a daily currency. I do not think it is a good idea to fully convert to Bitcoin yet because there are not enough services which are accepting it. I look forward to the day that there will be more services accepting Bitcoin and we could all start using it as a daily currency but we are not there yet. I think it will be over 10 years until Bitcoin volatility settles enough for merchants to start accepting it as a permanent payment solution. Bitcoin has a long road until it becomes feasible to use as a currency instead of something that you invest in and hold in hopes that you profit. I am not 100% sure if we will achieve the goal of becoming a mainstream currency accepted by everyone.

[kotajikikox]

I wouldn't want to live on cryptocurrency at all, rather I prefer it as a trading asset which works just fine for me. The everyday price change wouldn't help anyone in actual public use apart from trading.

Lol trading crypto as your living job is also a crypto living , where did you get the funds spent daily? from your trading right? so that means you are already living in crypto this way.
don't make it harder to accept because crypto for us who stays in this forum are starting to understand how to live a life in crypto .

I want to live on crypto but it is not possible of extreme volatility . Before you put your money into the still highly volatile asset, however, there are three helpful things to consider, according to financial and behavioral experts. Prepare for all ups and downs because it must be happened . Living on crypto fearlessly and always perfect timing to trade.

when the right time comes and we already accept bitcoin as like what EL Salvador does?  then for sure volatility won't matter at all because the prices will be based on crypto and not fiat.

[hichamito37]

Personally, I don't want to live on cryptocurrencies for a very simple reason, price volatility. So today if bitcoin price is very high and it is my payday I will get less bitcoins. I think it would be much better if you deposit all your savings in Bitcoin. If you trade every day, there will be a lot of risk of loss.

[S4VV4S]

before someone jumps into the business world, of course they have thought carefully about how the performance of the business world they will be involved in, especially regarding the future of the business, but for me the world is very safe for us to invest where the world has succeeded in becoming a good investment. is long-term and so transparent.so that it can allow miners to linger in the crypto world

[syedakhlaque]

Some people use Bitcoin as a full-time business. They believe that they can earn much through Bitcoin. They have good capital and investment to spend and earn. Having belief in it, they make good money through Bitcoin trading or stalking. There are many people in my relation who are doing so.
But on the other side, some people are not totally depending on Bitcoin, They adopt it as a part-time business or side business. They are doing work, Jobs, or services on some post but having love with bitcoin they do trading , stalking or something on Bitcoin. I am also one of them.

[CDC AP]

For now, any way that allows spending Bitcoin is a good one. It can be a debit card, a payment system or anything else. I'm currently at the stage of converting to fiat in order to use the money, but I wouldn't be doing it if direct spending became an option. In my country, there is only a handful of places where one can spend Bitcoin, and these are not places selling what I usually buy, so it's not very helpful. If, however, supermarkets started accepting Bitcoin as payment (going directly from a BTC wallet), I would use it directly, especially at times when the fees are reasonable. I don't mind the volatility that much, but the fees can sometimes be a problem.

[syedakhlaque]

Bitcoin or crypto is not a regular or global currency today. In the future, it may be possible. Today's question is That "What would you consider living on crypto or not. I think it is possible because crypto has an exchange in USDT or other local currencies. So your income in Bitcoin or cryptocurrency can be used to fulfill your requirement. Even crypto is going to be cash in the countries where it is legally allowed this time. So this is declared that living on crypto is possible.

[rizqoAD]

I personally live with Bitcoin and crypto only as an investment or trade, because the high volatility makes Bitcoin unsuitable for use as a payment method. Moreover, in my country Bitcoin cannot be used as a means of payment, but exists only as an investment in a cryptocurrency exchange. Currently every day I am in the crypto world as a full time job where I rely on Bitcoin trading as income so I rely heavily on Bitcoin and cryptocurrencies. Everyone must have a different story because basically we use Bitcoin for needs and jobs for those who want to profit in the crypto business.

[carlfebz2]

Personally, I don't want to live on cryptocurrencies for a very simple reason, price volatility. So today if bitcoin price is very high and it is my payday I will get less bitcoins. I think it would be much better if you deposit all your savings in Bitcoin. If you trade every day, there will be a lot of risk of loss.

A matter of choice actually because no matter what you do then volatility would always be there and its up to someones will whether they would be dealing on living with it or not basing on their own will.

If you could able to deal with volatility then you would really be accepting with any terms you are into as long you do able to accumulate and made out profits with that then its your choice.

One things for sure is that making profits could really be possible if you do know on how to deal with it.

[n0ne]

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

[DaveF]

So I decided to try something. Can I do 30 days of living on crypto. Using Bitrefill & coinsbee for giftcards and my Coinbase Visa.
Made it from Nov 1st to today with one small exception the other day when I handed a friend some cash for something, since he paid with his own cash.
Without the Visa I would have been dead in the water since there are so many places that you can't get giftcards for. But it was doable.

Because of today being BlackFriday I am going to spend a lot on other credit cards for the discounts / extended 0% interest offers.

Will probably try it again in January to see how far I can really push doing it.

As for 100% crypto / no cash or credit or gift cards. Can't really be done in my situation and location.

-Dave

[Nutrient]

I have my reservations about ‘living on crypto’ because except you probably live in a country like El Salvador, you’d still need Fiat.

[rozak]

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

that sounds very interesting. how can that happen in my country which until now prohibits bitcoin as a transaction tool? all because regulations are harsh and do not adapt to technological developments. because most people are still fiat-oriented.

it will be very nice when we receive a salary from the company in the form of bitcoin. we can pay for transportation with bitcoin. buy essentials with bitcoin. even pay for school with bitcoin. This is highly anticipated for the development of the open world towards a new, more useful ecosystem.

[bitzizzix]

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

that sounds very interesting. how can that happen in my country which until now prohibits bitcoin as a transaction tool? all because regulations are harsh and do not adapt to technological developments. because most people are still fiat-oriented.

it will be very nice when we receive a salary from the company in the form of bitcoin. we can pay for transportation with bitcoin. buy essentials with bitcoin. even pay for school with bitcoin. This is highly anticipated for the development of the open world towards a new, more useful ecosystem.

Crypto being a legal tender still has a long way to go, and it's also full of hurdles to overcome before that happens and that's what most people expect to be able to fully accept and give using crypto or bitcoin like fiat.
Bitcoin has a long way to go, so it's possible that countries will gradually accept it, arguing that they can't stem the ever-increasing growth of users and the ever-expanding developments that are finally being considered.

[Cling18]

As for me, we couldn't live in crypto unless there's a complete and total adoption of it. If not, we will still be needing conversion and bank withdrawal services for us to use our funds to sustain our necessities. Yes, it provides convenience but Bitcoin still needs more adoption so we could switch to it as a currency and not just an investment.

[kro55]

With time living on cryptocurrency is getting to be an easy thing for different reasons. The most important being more number of corporate firms paying salary in terms of bitcoin based on the employees interest. If the employee needs entire salary to be paid in fiat, then it'll be completely in fiat. Through different third party services like paypal and bitpay more services are being offered for bitcoin. Myself don't have big access around my locality which makes me continue using the fiat than living on crypto.

that sounds very interesting. how can that happen in my country which until now prohibits bitcoin as a transaction tool? all because regulations are harsh and do not adapt to technological developments. because most people are still fiat-oriented.

The main responsibility of those who have knowledge about Bitcoin is to impart knowledge to those who do not know. We should Bring Bitcoin into the spotlight through various social programs and campaigns. You said the people of your country are fiat-oriented, It is very normal, not only you but also every country's people are more likely fiat-oriented. You cannot erase the conventional currency at a glance. They will gradually move away from fiat. The younger generation is more accustomed to using digital currency than fiat money. Maybe after another decade, fiat money will no longer exist, who knows!

it will be very nice when we receive a salary from the company in the form of bitcoin. we can pay for transportation with bitcoin. buy essentials with bitcoin. even pay for school with bitcoin. This is highly anticipated for the development of the open world towards a new, more useful ecosystem.

Nowadays it is not a problem to receive a small payment via Bitcoin, but making payments in Bitcoin for big money is a bit of a hassle because of its high volatility, which is why companies are reluctant to accept Bitcoin as a payment method. Maybe in the near future, there will be an alternative solution to this problem.

[livingfree]

As for me, we couldn't live in crypto unless there's a complete and total adoption of it. If not, we will still be needing conversion and bank withdrawal services for us to use our funds to sustain our necessities. Yes, it provides convenience but Bitcoin still needs more adoption so we could switch to it as a currency and not just an investment.

There's a need to convert as always for those people that don't have a community near them that has 100% adoption of crypto.

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

[Rengga Jati]

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

That's right, we can have our own choices and we can also choose both for living.
If we can use or get advantages or benefits from both, why should choose one.
Living on crypto only may be very complex and we may not be able to do it fully right now.
So, just utilize what we can do with crypto, maximize it and still use the offline and common living styles as usual.
We may be ready to use all in crypto, but the country and environment may be not. We must also consider about this. 

[ropyu1978]

the crypto world is a long-term investment, so there are many enthusiasts to continue to invest in digital currency because this is a business or business that is projected through digital currency so that it can invest in a period of time that we cannot determine, so this is what makes many enthusiasts to continue to be in bitcoin for a long period of time, especially considering bitcoin is an investment that is very transparent and open if a miner wants to withdraw all assets from the world to it then he can do it in an indefinite time so he is free to withdraw his assets of the digital currency

[rozak]

Nowadays it is not a problem to receive a small payment via Bitcoin, but making payments in Bitcoin for big money is a bit of a hassle because of its high volatility, which is why companies are reluctant to accept Bitcoin as a payment method. Maybe in the near future, there will be an alternative solution to this problem.

I think every country has started to realize how they use digital financial transactions. although that would be tantamount to transferring their fiat to someone else. transactions are still not transparent. a lot of people I think avoid transparency.
I guess what if a crypto development solution for the country's currency. with blockchain, I think things will become more transparent. and can avoid volatile bitcoin transactions to date.
I mean, it's not bitcoin that is used as the primary currency for transactions. but there are other more stable digital currencies like USDT on the blockchain network.

I thought about what it would be like when everyone no longer carried fiat for transactions. just bring a smartphone or smartwatch for transactions that can be used worldwide. it would be a very remarkable achievement of technological development. and every transaction can be monitored by anyone.

[qwertyup23]

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

To be honest, I am somehow imagining what would my life be if I were in your position, earning around roughly ~$300/week (assuming you do your complete post requirement) considering that I currently live in a third-world country.

As someone who is privileged enough to participate in a stable campaign, earning roughly $65/week in BTC, it definitely helped and supported me in various of ways. Though I do learned the hard-way that HODL is the key, spending my BTCs weekly would significantly help me with my monthly expenses as a post-graduate student!

[xSkylarx]

Personally, I don't want to live on cryptocurrencies for a very simple reason, price volatility. So today if bitcoin price is very high and it is my payday I will get less bitcoins. I think it would be much better if you deposit all your savings in Bitcoin. If you trade every day, there will be a lot of risk of loss.

Well this have a point which i think it is kinda unique to me since most people will say yes because they are all thinking that bitcoin as an investment and also of you invest on it you can earn a ton of Money. But on the other side of you think this as a salary then i think it is really difficult since it is really volatile

[molsewid]

There's a need to convert as always for those people that don't have a community near them that has 100% adoption of crypto.

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

That's a good thing because we already developed our ability to become flexible to live with the use of both fiat and cryptocurrencies because of the fact that the adoption of cryptocurrency especially here in my country was not yet legally adopted so there's always a need for me to convert or to go through crypto to fiat conversion all the time. So far, all that matters to me going through a conversion transaction was only the fee's but having the other means of financial platform that I am using is a big advantage for me because I'd be able to ride with the fast changing technology.

[dupee419]

Getting paid in BTC is actually a good idea and I'll definitely consider that if I were to live on crypto, the only downside I can see is how big the conversion rates would be if I were to convert my BTC to fiat, will the company cover the fees for me? And volatility is also a problem, will the company adjust my salary everytime Bitcoin pumps or dumps? or will it stay as it is?

[isaac_clarke22]

~

The conversion rate matter if you're just really into Bitcoin that you won't care that how much its value to USD or whatever currency we're talking about in here. For now, sure we can worry about that. For sure that your company won't cover the fee for you and that is entirely up to whatever wallet you're using which is likely to be a custodial ones.

[Ultegra134]

Getting paid in BTC is actually a good idea and I'll definitely consider that if I were to live on crypto, the only downside I can see is how big the conversion rates would be if I were to convert my BTC to fiat, will the company cover the fees for me? And volatility is also a problem, will the company adjust my salary everytime Bitcoin pumps or dumps? or will it stay as it is?

Volatility is an issue if you're solely depending on your salary, supposing Bitcoin's value goes down. Personally, if I had no other funds, I wouldn't do it.

On the other hand, I'm now considering to quit my job, enter unemployment benefits (it's not that great in terms of money),  and depend on cryptocurrency too. A good 20% of my income is already stemming from cryptocurrency, I can manage to live off crypto for a few months, at least.

[uneng]

Getting paid in BTC is actually a good idea and I'll definitely consider that if I were to live on crypto, the only downside I can see is how big the conversion rates would be if I were to convert my BTC to fiat, will the company cover the fees for me? And volatility is also a problem, will the company adjust my salary everytime Bitcoin pumps or dumps? or will it stay as it is?

Volatility is an issue if you're solely depending on your salary, supposing Bitcoin's value goes down. Personally, if I had no other funds, I wouldn't do it.

On the other hand, I'm now considering to quit my job, enter unemployment benefits (it's not that great in terms of money),  and depend on cryptocurrency too. A good 20% of my income is already stemming from cryptocurrency, I can manage to live off crypto for a few months, at least.

Using the correct strategy it's possible to rely only on your monthly salary and still live on bitcoin. I believe the person just need to keep a reserve in fiat that will guarantee his basic needs expenses for at least one month, that is the time period he will need to wait until receiving the next salary in bitcoin, always proportional to a fixed amount of fiat that is the same for every month, what means the salary in bitcoin value is constantly fluctuating each new month.

This way you never run out of fiat while keeping almost 100% of your money in bitcoin at same time. For some people it's a risky bet to go entirely for bitcoin with your funds, but that is the meaning of living on bitcoin in my opinion.

[livingfree]

There's a need to convert as always for those people that don't have a community near them that has 100% adoption of crypto.

We're flexible, we can live in both real life with fiat and as well as cryptocurrencies. The advantage is that we know how to deal with risk and volatility unlike those people that are still not going with the whole usage of cryptocurrencies.

That's a good thing because we already developed our ability to become flexible to live with the use of both fiat and cryptocurrencies because of the fact that the adoption of cryptocurrency especially here in my country was not yet legally adopted so there's always a need for me to convert or to go through crypto to fiat conversion all the time. So far, all that matters to me going through a conversion transaction was only the fee's but having the other means of financial platform that I am using is a big advantage for me because I'd be able to ride with the fast changing technology.

That's no problem for us because we've been adaptive to fiat and crypto.

And that's why wherever we go and if there's a community or place that's wholly crypto friendly, we can go or live there anytime. But if there's none, we just have to live the normal life that we have with fiat.

[Ultegra134]

Getting paid in BTC is actually a good idea and I'll definitely consider that if I were to live on crypto, the only downside I can see is how big the conversion rates would be if I were to convert my BTC to fiat, will the company cover the fees for me? And volatility is also a problem, will the company adjust my salary everytime Bitcoin pumps or dumps? or will it stay as it is?

Volatility is an issue if you're solely depending on your salary, supposing Bitcoin's value goes down. Personally, if I had no other funds, I wouldn't do it.

On the other hand, I'm now considering to quit my job, enter unemployment benefits (it's not that great in terms of money),  and depend on cryptocurrency too. A good 20% of my income is already stemming from cryptocurrency, I can manage to live off crypto for a few months, at least.

Using the correct strategy it's possible to rely only on your monthly salary and still live on bitcoin. I believe the person just need to keep a reserve in fiat that will guarantee his basic needs expenses for at least one month, that is the time period he will need to wait until receiving the next salary in bitcoin, always proportional to a fixed amount of fiat that is the same for every month, what means the salary in bitcoin value is constantly fluctuating each new month.

This way you never run out of fiat while keeping almost 100% of your money in bitcoin at same time. For some people it's a risky bet to go entirely for bitcoin with your funds, but that is the meaning of living on bitcoin in my opinion.

That's what I meant, but phrased it differently, you'll need to have some kind of balance in fiat currency, in order to spend throughout the month. Receiving your salary in Bitcoin is an investment, your own salary could actually be generating more money, without too much effort. However, it sounds like too much of a risk to me, and would personally avoid it.

[perfect999]

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

It all depends on what you really want to do, if you are getting paid in Bitcoin and only to just withdraw all the money and put your bank, then it doesn’t make any sense at all. It would have been best that you received that money straight to your bank account, because receiving it as Bitcoin first and then converting it to send to your bank account is going to attract extra charges, which is unnecessary.

The only time that it would be best for you to receive it as bitcoin, is when you know that you are ready to hold that Bitcoin in your wallet and not start moving it to your bank, or maybe you want to keep a part of it at as Bitcoin while the rest stays as Fiat in your bank account.

[karanggatak]

it depend about adoption. if the whole world use crypto, we can, must life with it, without exception. we can do crypto thing every where. but if it just personal opinion, i wont do that one. its hard because no one use crypto as provider, as payment here. crypto is strange thing, i cant use it because rare to find merchant that provide payment method use crypto.

[gabbie2010]

Volatility is a big barrier to living with cryptos however if that is only option beckoning on me, I have no choice than to accept it, alternatively there is an option of exchanging it to a stable coin eg USDT provided that I am uncomfortable with it volatility while having some knowledge on trading and candlestick patterns will be very helpful trading my cryptos whenever there is sudden pumping or bullish runs and immediately exchange it back to a stable coin after earning some profits, though not advisable for any layman or newbie.

[KaliLinux]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

Quite frankly, I have never considered living on crypto as an option because I believe it is better for me more as an investment rather than spending it directly. You must already understand why the level of the volatility of Bitcoins price. Whatever you spent today as a direct BTC could be twice the price tomorrow even it could also be the other way round but I am of the opinion of not spending BTC directly.

[Mr.sprin]

I'm not ready to live in the crypto world because in my country I can't transact using crypto. I'm looking for coins and I'm converting them to fiat. If I don't convert to fiat, I can't use the coins to shop at the market or to the mole. I mean, crypto transactions are not legalized in my country.

[TimeTeller]

I'm not ready to live in the crypto world because in my country I can't transact using crypto. I'm looking for coins and I'm converting them to fiat. If I don't convert to fiat, I can't use the coins to shop at the market or to the mole. I mean, crypto transactions are not legalized in my country.

This is the dilemma of most people who are into crypto.
Up until now, there are only few shops or merchants that accept crypto as payments.
But we are now finding their numbers increasing when you talk about online merchants.
But for physical stores around your area, still very few are accepting btc or any crypto.
So you really need to convert your crypto to your fiat, in order to spend it.
Though there are people who consider themselves living on crypto like this Dutch family.

https://www.cnbc.com/2020/12/05/bitcoin-price-buying-bitcoin-how-this-family-buys-sells-everything-in-cryptocurrency.html

[ReiMomo]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

I wish a part of my salary is paid in BTC yes so that I keep the BTC on hold as an investment and spend the local currency paid for other expenses. And yes would be good to know where gift cards are printed for BTC. As of now it would be a new move to gift friends who are aware of BTC and its profit on their birthdays or any other occasions. I hope soon in few years down the line, there would be possibility for all these things in line.

[Swordsoffreedom]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
-Dave

I wish a part of my salary is paid in BTC yes so that I keep the BTC on hold as an investment and spend the local currency paid for other expenses. And yes would be good to know where gift cards are printed for BTC. As of now it would be a new move to gift friends who are aware of BTC and its profit on their birthdays or any other occasions. I hope soon in few years down the line, there would be possibility for all these things in line.

Since making payments in fiat money is complicated and not transparent, people want to adopt cryptocurrency as the payment method, so that payment can be made easily and everything will be transparent. But if a company pays half the payment in crypto and pays the rest of the half salary in fiat money, the problem will be more complicated.

People do not want to take Bitcoin as salary because the price of Bitcoin is much volatile. And very few people can take advantage of the volatility of Bitcoin. If the knowledge of Bitcoin can be spread among everyone in the right way, then everyone will want to take Bitcoin as full payment.

[AakZaki]

I'm not ready to live in the crypto world because in my country I can't transact using crypto. I'm looking for coins and I'm converting them to fiat. If I don't convert to fiat, I can't use the coins to shop at the market or to the mole. I mean, crypto transactions are not legalized in my country.

crypto is still not fully used for real life. only el salvador uses bitcoin as a legal tender, while other countries are still limited to commodity regulations. Fiat still comes first. crypto transactions are still not fully legalized. There are many considerations to consider before fully adopting Bitcoin.

[TinaK]

I'm not ready to live in the crypto world because in my country I can't transact using crypto. I'm looking for coins and I'm converting them to fiat. If I don't convert to fiat, I can't use the coins to shop at the market or to the mole. I mean, crypto transactions are not legalized in my country.

crypto is still not fully used for real life. only el salvador uses bitcoin as a legal tender, while other countries are still limited to commodity regulations. Fiat still comes first. crypto transactions are still not fully legalized. There are many considerations to consider before fully adopting Bitcoin.

As I heard, not the only country of El Salvador doing legalizing bitcoin as a legal tender, there are also a few countries that I have heard do the same on El Salvador. I think people consider this bitcoin just because it has a multi-purpose, it can be a payments system and it could be a storing the value which is you can gain profit after a long time of holding.

[carlfebz2]

I'm not ready to live in the crypto world because in my country I can't transact using crypto. I'm looking for coins and I'm converting them to fiat. If I don't convert to fiat, I can't use the coins to shop at the market or to the mole. I mean, crypto transactions are not legalized in my country.

crypto is still not fully used for real life. only el salvador uses bitcoin as a legal tender, while other countries are still limited to commodity regulations. Fiat still comes first. crypto transactions are still not fully legalized. There are many considerations to consider before fully adopting Bitcoin.

As I heard, not the only country of El Salvador doing legalizing bitcoin as a legal tender, there are also a few countries that I have heard do the same on El Salvador. I think people consider this bitcoin just because it has a multi-purpose, it can be a payments system and it could be a storing the value which is you can gain profit after a long time of holding.

They are just on neutral phase because if you do try to compare it on what happened on  El Salvador or the level of adoption and acceptance then it is way too far off but its actually still good to see several countries does have positive impressions towards Bitcoin or crypto as a whole.

Would really be good to look at when adoption is on that positive impression on which as a citizen and living on a country which the government doesnt
really restrict out or something like that which would really be giving out that convenience for those people who do get involved with crypto.

[Ultegra134]

Volatility is a big barrier to living with cryptos however if that is only option beckoning on me, I have no choice than to accept it, alternatively there is an option of exchanging it to a stable coin eg USDT provided that I am uncomfortable with it volatility while having some knowledge on trading and candlestick patterns will be very helpful trading my cryptos whenever there is sudden pumping or bullish runs and immediately exchange it back to a stable coin after earning some profits, though not advisable for any layman or newbie.

Volatility is a double-edged sword, it can be both negative and positive at the same time. It's definitely considered a high-risk investment, using your own salary, which you worked for. As I've previously mentioned, it's best if used aside with available fiat currency, that way, you won't run out of money in case the market is bearish.

Just keep in mind, there's a high chance your salary could potentially generate more money doing nothing.

[leverageguy]

It may be a good idea to completely live in the crypto world. But technically it might not be possible due to crypto’s volatility.

[Chato1977]

It may be a good idea to completely live in the crypto world. But technically it might not be possible due to crypto’s volatility.

and this is not well accepted by the government so the chance of being used permanently is not there , not like those who live in EL Salvador since they are fully adopted .

So yes let us consider this to be available only in some part of the world but not in totality .