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Author Topic: Do you feel bad while paying with BTC?  (Read 1668 times)
WeThePe0ple
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April 22, 2023, 11:32:08 AM
 #201


if you think like that, then when do you have profit from the bitcoin? when do you use the bitcoin?

your thinking is correct, it's possible that in the future bitcoin can exceed price expectations which are more than now, but you have to remember that is a positive prejudice, what if bitcoin in the future goes down more than the current price, what if bitcoin in the future falls down, we don't know what will happen to bitcoin in the future.

People think of BTC as a means of payment that is a hedge against inflation. I think of it as a commodity that needs to reach full adoption (which I believe will take at least 10 years) before it reaches its full value.

I plan to buy BTC and never sell. It will be an inheritance for my kids later.
I think that a key issue for holders of BTC who do not have financial reserves, will be that they are forced to sell BTC in order to pay off dollar denominated debt (real estate, student loans..)
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April 23, 2023, 11:15:17 PM
 #202

This is true, I guess 99% of bitcoin holders see bitcoin as an investment rather than a currency, and to be honest, I am also looking at bitcoin as an investment rather than using it for payment maths.

Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.

People are free to decide what to do with their Bitcoin. It's not like Fiat currencies where you are subject to banks' and governments' own will. What makes Bitcoin stronger is its decentralized and open source design. Popularity for the cryptocurrency keeps rising even during uncertain times, so I'm confident it will last a lifetime. I think "market volatility" will be solved once crypto becomes a mature asset class in the future. BTC will be a lot more stable by then, making it a lot more useful as a currency.

No matter what happens in the future, we can't deny that 1 BTC = 1 BTC no matter what. In a "hyperbitcoinized world" this would make sense. Countries are slowly adopting BTC as an alternative to Fiat, so it should only be a matter of time before this happens. Just my opinion Smiley

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April 23, 2023, 11:27:06 PM
 #203

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April 24, 2023, 06:00:41 AM
 #204

Bitcoin as a means of payment is a very good one as long the both parties or the organization has the knowledge of bitcoin, and the value rate as it apply base on the current price to sent individual has not to feel bad, accept the price depreciate after the transaction has been take place, in other words is added advantages when the price appreciate more and good to have patience, because bitcoin is a patience business. 
A trader will only feel bad when he or she is making a lose in Bitcoin but if traded wisely and anticipating on the good path, bitcoin will pump beyond measures. Exercise patience when holding bitcoin, it's the only way to generate profits. Bitcoin is generally excellent in terms of businesses transactions, it's fast and reliable. For instance transferring bitcoin during the bull, it will give the receiving party more profits. But it's disadvantages is the unstable fluctuations of bitcoin,  which will results to losses either during transactions or after that.



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O Mago Ozzie
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April 24, 2023, 06:28:00 AM
 #205

a verdade é que esse cara que pagou a pizza em btc é o responsável por seu desconforto hoje, mas isso não é uma coisa ruim, é maravilhoso vc dar tanto valor a algo que não possa sair da sua posse por nada
Adams0001
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April 24, 2023, 08:55:20 AM
 #206

A crypto currency is gaining acceptance in small businesses and can generate funds with the assistance of an online payment processor.
When I pay with Bitcoin, I feel more secure than when I pay with a credit card because these digital asset transactions do not require third-party verification.

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April 24, 2023, 09:07:51 AM
 #207

Hello everyone!
What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.
I don't think paying with bitcoins has any effect for bitcoin holdings. Because the money I pay with bitcoins I can buy those bitcoins with fiat money if I want. But there may be some variation as volatility purpose. Many people emotionally say they don't want to pay with Bitcoin. But he can never invest bitcoins beyond his limitation. They must be spent every day to manage their life. Which you can't hold even if you want. So I see no problem in paying in bitcoins for what is outside my holdings.
But if the market is in a down trend then paying in Bitcoin can be a matter of loss. At least if a payment provider feels it has nothing to lose he can pay in Bitcoin.

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April 24, 2023, 11:06:21 AM
 #208

Feel bad no at all the bitcoin pizza is always there  I mean if the price is always Up there is always people who like bitcoin pizza.

If you are using Bitcoin for pay something it mean you support the ecosystem if more and more people spend with cryptocurrency there will be a lot of merchants  that start to accept crypto too right at least theoretically

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April 27, 2023, 12:27:13 PM
 #209

This is true, I guess 99% of bitcoin holders see bitcoin as an investment rather than a currency, and to be honest, I am also looking at bitcoin as an investment rather than using it for payment maths.

Nowadays, everyone wants to earn more money because life is getting harder and harder, and without money, bitcoin as a means of payment means nothing to us. So I don't see anything wrong with people treating bitcoin as an investment, and using it to spend is sometimes a waste. I know bitcoin is made to be a payment method, not an investment, but I really prefer to have bitcoin as an asset, an investment.

...
 I think "market volatility" will be solved once crypto becomes a mature asset class in the future. BTC will be a lot more stable by then, making it a lot more useful as a currency.

No matter what happens in the future, we can't deny that 1 BTC = 1 BTC no matter what. In a "hyperbitcoinized world" this would make sense. Countries are slowly adopting BTC as an alternative to Fiat, so it should only be a matter of time before this happens. Just my opinion Smiley

When it comes to volatility, for those who see bitcoin as a currency, a means of payment, bitcoin volatility is a big problem that needs to be resolved. But for investors, volatility is a boon because it will give them profits, if it goes away, we will also lose some users. I am an investor, but I also believe bitcoin will become more stable over time, and we could also see bitcoin returns getting smaller and smaller compared to previous years. It's actually getting bigger and more stable.

If bitcoin can stabilize, it is almost certain that it will become an alternative to fiat in some countries.


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April 27, 2023, 01:11:30 PM
 #210

What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.

As long as bitcoin is being acceptable for making payments in anywhere i go, i will always make use of it, the occasion at which i may not like is when bitcoin is not acceptable and am willing to make payment, if you pay with bitcoin, there are two things involved, it's either the bitcoin price rises or go dip immediately after your transaction, this we cannot predict how and when since it's a volatile digital currency, you can always spend from other altcoins when holding bitcoin till you have that desired to sell out after making profit

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dlightag
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April 27, 2023, 02:33:17 PM
 #211

The world is changing and advising into technology, which Bitcoin is a digital currency that is going to work 100% online, as a means of payment, but we all know that Bitcoin price is not stable, I can only feel bad after receiving some amount of Bitcoin and the price depreciate , is not the end, and is only have a patient for a certain period of time to recover or appreciate more than beyond expected.
Abiky
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April 27, 2023, 04:55:50 PM
 #212

When it comes to volatility, for those who see bitcoin as a currency, a means of payment, bitcoin volatility is a big problem that needs to be resolved. But for investors, volatility is a boon because it will give them profits, if it goes away, we will also lose some users. I am an investor, but I also believe bitcoin will become more stable over time, and we could also see bitcoin returns getting smaller and smaller compared to previous years. It's actually getting bigger and more stable.

If bitcoin can stabilize, it is almost certain that it will become an alternative to fiat in some countries.

I don't think Bitcoin will ever "stabilize", especially when the world is still tied to the "Fiat Standard". Everything is valued in Fiat currencies these days. For volatility to stop, Bitcoin needs to replace Fiat as the standard unit of account. In other words, this means valuing things in BTC terms (not Fiat). But that can never be achieved when most people consider Bitcoin as a long-term investment instead of a currency. You're free to use Bitcoin the way you want to, thanks to the way it was designed (decentralized and censorship-resistant).

With real use cases growing by the day, it should only be a matter of time before the cryptocurrency becomes a "force to reckon with". Maybe we'll see more merchants and businesses accepting it as payment method in the future? Just my thoughts Grin

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Oneandpure
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April 27, 2023, 05:26:52 PM
 #213

I am excited using bitcoin as payment transaction in real life, but many countries not support or legal using Bitcoin for all transaction payment make us not have many option for bitcoin except as investment assets. Supposedly with technological advances and advantages in using bitcoin as legal payment transaction will make it easy and better than using fiat, but many countries limited bitcoin function as payment currencies and still not believe how bitcoin reputation using as legal payment. Has one positive side when Bitcoin have been legal as investment assets with several countries adopted and become passive income trough taxes from Bitcoin transaction.

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JayTrain
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April 27, 2023, 07:03:16 PM
 #214

I understand the purpose of BTC as a currency, but the fear of missing out on potential gains in the future makes me hesitant to spend it. Stablecoins provide a more stable option for transactions, and I feel more comfortable using them. However, I also recognize the importance of BTC adoption and am open to exploring its use as a payment method in the future.
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April 28, 2023, 05:23:32 AM
 #215

It’s Really A Painful Matters When I Have Some Amount Of Bitcoin At 2015-2016 Than Actually I Don,t Know What Is Bitcoin And How It Is Working Than I Pay My Bitcoin Little Amount.

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April 28, 2023, 06:30:41 AM
 #216

I understand the purpose of BTC as a currency, but the fear of missing out on potential gains in the future makes me hesitant to spend it. Stablecoins provide a more stable option for transactions, and I feel more comfortable using them. However, I also recognize the importance of BTC adoption and am open to exploring its use as a payment method in the future.

That's true, I prefer to use stablecoins for that too. But one time I had to use BTC, when it was more expensive, and then bought even more when it was cheaper. And that's a great feeling.
Inwestour
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April 28, 2023, 07:51:00 AM
 #217

People are free to decide what to do with their Bitcoin. It's not like Fiat currencies where you are subject to banks' and governments' own will. What makes Bitcoin stronger is its decentralized and open source design. Popularity for the cryptocurrency keeps rising even during uncertain times, so I'm confident it will last a lifetime. I think "market volatility" will be solved once crypto becomes a mature asset class in the future. BTC will be a lot more stable by then, making it a lot more useful as a currency.
Fiat currencies are highly subject to inflation, so with time your savings to depreciate, this is a losing strategy, and in the case of bitcoin, the opposite is true. Whoever is able to understand this now will have a good advantage in the future.

When it comes to volatility, for those who see bitcoin as a currency, a means of payment, bitcoin volatility is a big problem that needs to be resolved. But for investors, volatility is a boon because it will give them profits, if it goes away, we will also lose some users. I am an investor, but I also believe bitcoin will become more stable over time, and we could also see bitcoin returns getting smaller and smaller compared to previous years. It's actually getting bigger and more stable.

If bitcoin can stabilize, it is almost certain that it will become an alternative to fiat in some countries.
A significant decrease in volatility will most likely provoke the outlet of the players who were here for quick profit and they were not interested in anything more, except that. At the same time, it will make bitcoin more attractive as a payment tool, for everyone who is now doubting and simply holds bitcoin, because they want to make a profit in the bull market.
kaseygriffin
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April 28, 2023, 08:25:59 AM
 #218

Between crypto or bitcoin payments is gradually being accepted more, but there are also many countries that do not want to use it. It can be said that the legal corridor of this has many barriers and it takes time for people to change their minds. I have seen the positives as some economic powers are gradually taking a positive view of this area, and this will have a big effect on the future. The usage behavior of each of us can be different, so it is very vague to talk about who acts with bitcoin or crypto.
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April 28, 2023, 08:32:51 AM
 #219

Hello everyone!
Recently I was thinking about BTC payments and I believe that the system is moving towards bitcoin adoption and paying with bitcoin. And it's great!

But the problem for me is that anytime I think about paying with BTC I feel somehow uncomfortable. I always remember the guy who spent 30+ bitcoins on pizza and now these bitcoins are worth a fortune. Like I don't want to be this guy and pay with an asset that WILL go up in price. It feels like you paying more for the product from a future perspective.

What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.

I too feel uncomfortable about spending an asset that has historically shown strong price growth. The concept of 'HODLing' Bitcoin as a long-term investment, using stablecoins for purchases can be a good alternative for those who are uncomfortable with the volatility of Bitcoin.

Stablecoins are designed to maintain a stable value, usually by being pegged to another asset such as the US dollar. This can make them a more predictable and reliable option for making purchases. Ultimately, whether to use Bitcoin or stablecoins for purchases is a personal decision that depends on your individual circumstances and risk tolerance.
I personally use USDT to spend and use BTC for hodling.
I tried memecoins. Sometimes they work but 90% are scams. My 50% investment goes into BTC 30% into other strong coins and 20% into new coins I do not touch presale.
I always use USDT for payments whenever I have to spend.
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April 29, 2023, 01:51:47 AM
 #220

bitcoin is not suitable to be used as a means of payment like fiat, bitcoin is more suitable to be used as an asset.
if you make bitcoin as a means of payment when will you get the benefits, if in my country someone wants to accept bitcoin as a means of payment I will not do it.

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