Do you feel bad while paying with BTC?

[Dr.Bitcoin_Strange]

I think not spending your Bitcoins and holding them as if they were the last thing you want to get rid of is the most wrong thing to do because if the goal is to be able to spend them one day then how can we expect this to happen if it's not us the first to do it?  And also spinning many Bitcoins would also help the growth of the network.

Your opinion may be correct, but it is not valid for every bitcoiner. You know, you can't force people to change their mindset about their Bitcoin investment. Everyone who is into bitcoin has their own motives and a decision they have made on how to spend their bitcoin. Some say they will hold until Bitcoin hits $100,000. Are you saying that the motive is not good? Owing to the fact that no one knows how soon it will be for Bitcoin to even get to that price. Some people wish to hold their Bitcoin for a very long time, and I don't quite see anything wrong with that. But anyways, I think I should get more thoughts on this because I myself have not really agreed to it (don't get me wrong, @mendace).

I clearly understand your point, but even if one holds his or her Bitcoin as though that's the last thing they want to give off in their life, it doesn't affect Bitcoin as long as there are still as many Bitcoiners spinning their Bitcoin. Like I first said above, some people have two wallets: a cold and a hot wallet.

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[KennyR]

No, who will shay away is just someone who never intended to spend their Bitcoin, but maybe due to the situation they find themselves in, they just have no option but to spend it. That's what makes some people shy away from it. There are different kinds of investors in the Bitcoin space; some people have a hot wallet where they have some Bitcoin that they spend more often, either for trade or other kinds of transactions. They also have their cold wallet," where they store a significant amount of Bitcoin that they don't touch. But most Bitcoiners have not grown to have a lot of Bitcoin, wanting to spend the little one they have is not an option. So, that's why you see some people not happy spending their Bitcoin.

I think not spending your Bitcoins and holding them as if they were the last thing you want to get rid of is the most wrong thing to do because if the goal is to be able to spend them one day then how can we expect this to happen if it's not us the first to do it?  And also spinning many Bitcoins would also help the growth of the network.

Yeah, only when you and me spend we'll be able to see the market circulation of bitcoin. Just on accumulating we may not able to enjoy the goodness of bitcoin. Atleast for that reason we need to spend bitcoin on some of our needs. As of now we don't have much of access spending bitcoin. Only limited regions were filled with bitcoin accepted stores and service renders.

[landheer]

actually about this problem return to yourself, because you are experiencing it.
I don't think there's anything wrong with your thinking when you feel that using BTC for payments really feels like a loss because you see the potential for BTC prices in the future which of course will have the potential to go up high.

but if you invest in btc for the long term I think you will definitely think so.
but in my opinion do what you want.

[Minhxx]

Pay in bitcoin, that's great in the future. But if it improves the gas charge, it will be more popular

[crypticj]

I generally feel bad when I need to pay with Bitcoin. Who would like to pay with something which is not deflationary. My country's currency (Turkish lira) keeps losing so much value that its best thing to pay with it. I love it when people sell me their Bitcoin for my Turkish lira (better experience than exchanges). I wonder when exactly we will start to treat as currency. I mean I obviously use it as currency - but its unfavored option for me to buy things with it - so I guess it will take years and years to come so many people will adopt it, its price will be stable so it will become very nice currency.

I think the emotion depends on how a person looks at Bitcoin.  For me, I feel nothing but being fulfilled when I spend Bitcoin.  I feel that I am helping the economics of Bitcoin and the merchant adoption since I am able to particpate in global economics of Bitcoin. 

it should be like this, yes! Because we need to promote bitcoin as a currency, not an asset.
But because of the fluctuations and general opinion in a community that bitcoin is an asset, it's just hard to use it without thinking that it will go up 100%+ pretty soon.

I think the problem is that bitcoin is still "young" and it didn't reach stability needed for it to be a currency.

[Games.Bitcoin]

Cryptocurrencies like Bitcoin have gained popularity for their decentralized nature and potential to disrupt traditional financial systems. However, they also come with certain challenges and concerns. The volatility of cryptocurrency markets can make it difficult to determine the exact value of a transaction at any given moment, which can lead to uncertainty or hesitation when making a purchase. Additionally, the decentralized and pseudonymous nature of cryptocurrencies can raise concerns about security, privacy, and potential illegal activities.

Ultimately, whether someone feels bad or not while paying with BTC is subjective and depends on their personal beliefs, experiences, and the specific circumstances surrounding the transaction. Some individuals might feel excited and empowered by the freedom and convenience offered by cryptocurrencies, while others might feel uncertain or cautious. It's a matter of personal perspective and individual circumstances.

[SmartCharpa]

Paying with bitcoin is not a bad thing; it just depends on the decisions you made for yourself and the plan you made before investing in bitcoin. However, the big issue is that it is not a good idea for you to pay with bitcoin during a bull market when you haven't made the profits you had hoped for doing so will only result in losses. If I were you I would do payments with bitcoin during price rises. Since you alone feel so glad that you did not lose at that point,

[serjent05]

Pay in bitcoin, that's great in the future. But if it improves the gas charge, it will be more popular

Bitcoin does not charge any gas fee.  It is called a transaction fee and developers are working hard on how to make this fee to become cheaper.  As you can see in the development history of Bitcoin, from legacy to segwit to taproot, that development is all about making transaction fee to be cheaper while adding more privacy to the transaction without sacrificing Bitcoin security.

Feels bad when you need to sell it to cover bills

If we feel that way then we should look for extra income so that we have the fund to pay our bill and we don't have to use our Bitcoin holdings for it.

[zanezane]

Bitcoin operates without a central authority, providing decentralization, and offers secure and private transactions which is a good thing using a Bitcoin to pay. It also generally involves lower fees, especially for international transfers, and is accessible to anyone with an internet connection. Also, some view Bitcoin as a potential investment opportunity due to its growth potential. But there are some of disadvantages of it, like its value is highly volatile, making it challenging to determine the true cost of goods or services. Its rare to have merchants accept Bitcoins, and transaction are generally irreversible.

[crypticj]

Bitcoin does not charge any gas fee.  It is called a transaction fee and developers are working hard on how to make this fee to become cheaper.  As you can see in the development history of Bitcoin, from legacy to segwit to taproot, that development is all about making transaction fee to be cheaper while adding more privacy to the transaction without sacrificing Bitcoin security.

Exactly. Bitcoin was created only as a currency, but because of the limited supply people started trading it. And gass fees are not a problem because there are a lot of people who want to mine Bitcoin to earn BTC. And, ideally, the only way to make money out of bitcoin should be mining, but because the price is still fluctuating like crazy, I think people will just keep trading it.

[Minhxx]

You mean the guy who spends 10,000 bitcoins on 2 pizzas
In my opinion even if you trade in bitcoin it doesn't affect your wallet much, you can add more bitcoins when the market price goes down. We should be flexible in buying and selling bitcoin

[Wend]

Bitcoin operates without a central authority, providing decentralization, and offers secure and private transactions which is a good thing using a Bitcoin to pay. It also generally involves lower fees, especially for international transfers, and is accessible to anyone with an internet connection. Also, some view Bitcoin as a potential investment opportunity due to its growth potential. But there are some of disadvantages of it, like its value is highly volatile, making it challenging to determine the true cost of goods or services. Its rare to have merchants accept Bitcoins, and transaction are generally irreversible.

The volatile nature of bitcoin is considered a drawback when wanting to use bitcoin as a currency, payment method. But when you use it for investment purposes, volatility is a plus, the more volatile bitcoin is, the more opportunities we have to make a profit. But you are right, it is true, the original purpose of creating bitcoin is a p2p payment method, but it is being used as a speculative asset. So we can see very few merchants or shops using it for payment. But its use for international payments still outperforms banks despite its volatility.

[nur rochid]

Bitcoin operates without a central authority, providing decentralization, and offers secure and private transactions which is a good thing using a Bitcoin to pay. It also generally involves lower fees, especially for international transfers, and is accessible to anyone with an internet connection. Also, some view Bitcoin as a potential investment opportunity due to its growth potential. But there are some of disadvantages of it, like its value is highly volatile, making it challenging to determine the true cost of goods or services. Its rare to have merchants accept Bitcoins, and transaction are generally irreversible.

The volatile nature of bitcoin is considered a drawback when wanting to use bitcoin as a currency, payment method. But when you use it for investment purposes, volatility is a plus, the more volatile bitcoin is, the more opportunities we have to make a profit. But you are right, it is true, the original purpose of creating bitcoin is a p2p payment method, but it is being used as a speculative asset. So we can see very few merchants or shops using it for payment. But its use for international payments still outperforms banks despite its volatility.

currently in my country it is still difficult to find store payments using bitcoin, this is happening because not many people know and use it, moreover there is still no legality in my country. bitcoin fluctuations will be lower as more and more people know about it, moreover the whole world has legalized it. However, for now, with high fluctuations, it can be used to make a profit, by trading or investing. I think investing will be more suitable for those who have other jobs, until eventually as many people use it, the price will go up by itself, and we can reap the rewards. you can imagine if we know bitcoin from 2016, and hold it until now, how many times the profit has been made. especially if you take it off when there is a pump like 2021 yesterday

[Abiky]

I think the emotion depends on how a person looks at Bitcoin.  For me, I feel nothing but being fulfilled when I spend Bitcoin.  I feel that I am helping the economics of Bitcoin and the merchant adoption since I am able to particpate in global economics of Bitcoin.  I always think that when people use Bitcoin to pay for their goods, it helps Bitcoin to establish its market and its usage as a mode of payment.

Bitcoin is not created to be hoarded but due to its increasing price people forget the true purpose of what Bitcoin is created.

Wall Street got into crypto/Blockchain tech and changed people's perception about Bitcoin. They now see it as an asset rather than a currency for daily payments. In the early days, it was all of the contrary. You can see how someone payed 10k BTC for two pizzas. Back then, there were no exchanges available to trade BTC so there was no speculation about the value of the coin.

Now everything is all about getting rich quick with Bitcoin, while forgetting about what matters most (eliminating the middleman, empowering people to be their own bank, etc). Because of this, I don't see volatility disappearing anytime soon. If you don't care about the market price of BTC, then you'd have no problem using it to pay for goods and/or services. But the majority wants to grow their wealth with BTC, so "hodling" would be the best path to take right now. Maybe everything will change in the future once Fiat dies for good? Just my opinion

[flyingcarpet]

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.

This thought will end one day because we will only be making payments in bitcoin. This is my dream maybe come true. It is natural that you do not want to spend an asset that has the potential to increase. Considering the previous examples, I want you to know that you are not alone in this matter. What if there is a huge spike next year and we spend our bitcoins now? I'm not a fan of exchanging our bitcoins if we don't need them.

[crypticj]

You can see how someone payed 10k BTC for two pizzas. Back then, there were no exchanges available to trade BTC so there was no speculation about the value of the coin.

Yes! This is the problem. We can't just follow two narratives all at once. We can't say "let's all pay with BTC" and think "wow this dude spend 10k BTC, it's such a big mistake". Even if people don't think about it, they probably have the same feeling when they spend bitcoin, they probably feel that they are missing out on it.

So yeah, I don't even know how we gonna fix it. Right now, even supporting bitcoin as a currency, I don't want to use it as one. And probably no one want to pay for bear with bitcoins every day.

[bakasabo]

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.

The only possible way when I feel bad or uncomfortable when making a payment, is a situation when there is a a line of customers behind me, and I pay with a bag of small valued coins. A situation when cashier had to spend a good amount of time counting them and I made people wait. Even though a feeling of being uncomfortable would evaporate quickly, because I am paying with official currency.

But if you dont want to be that guy who has spend millions on a trifles, think of rising prices and inflation. Every time you postpone making a purchase, the next time you do it, it is going to cost you more. And now count how many times you have postponed buying something and how much you have overpaid in your life.

[Z390]

Stablecoins are the best digital currency for making payments, you won't feel like you are spending away something that's going to be more valuable than it is today, I believe that Bitcoin is a gold and it's value will keep surging in the future, this is why it's not a good idea in my book to use Bitcoin as means of payment.

No wonder I always feel reluctant whenever I want to pay for some premium services online using Bitcoin, those who benefits the most here are the merchants that are accepting Bitcoin as means of payment, not the spenders.

But everyone has their own opinions about what to use their Bitcoin for, some people feel comfortable spending their Bitcoin buying things online like phones and gadgets, and some TV subscription services like Netflix.

If I have to use Bitcoin as means of payment, I will be spending somewhere from 10$ Bitcoin to 100$ Bitcoin, because I know it will be easier for me to just pull up the Binance exchange on my laptop and buy another.

[tats-10]

I believe it's kinda tricky .. if it is a one time payment , i don't because i believe it's the value of it at that moment but when it's little payments here and there i kinda feel as if i could've paid with fiat and it woulda been fine but with when i pay with BTC it makes me feel like i'm losing value ..

[Nrcewker]

I believe it's kinda tricky .. if it is a one time payment , i don't because i believe it's the value of it at that moment but when it's little payments here and there i kinda feel as if i could've paid with fiat and it woulda been fine but with when i pay with BTC it makes me feel like i'm losing value ..

Even if it's small amount, I would advise you to not pay with Bitcoins. These coins are limited in numbers, hence very valuable, so if you just pay with Bitcoins and give away all your hard earned coins, then no one can stop you from this foolish act. Instead of accumulating these valuable coins, you just giving away the coins. Moreover I always feel bad when I pay in Bitcoins, but I do that only when I don't have any options or it's just an urgent payment that needed to be done. But one advise to everyone, soon the Bitcoins will rise in it's price, so buy and hold as many as you can.