What would you consider living on crypto?

[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.

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[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.