What would you consider living on crypto?

[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.

[1715121874]

1715121874

[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.