hugeblack
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March 24, 2023, 09:12:23 AM |
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This fear includes all people who trade in assets, they always believe that their asset will increase in value and therefore it is better to wait, but this thing is not accurate as the price can increase or decrease.
To break this barrier, start trading, then you will know that the value lies in waiting for a long time, but during the short term you can make profits by buying and selling, for example, selling Bitcoin at a price of 60K and buying at a price of 17K.
Without that, you will not enjoy the money and you will sell it in a fit of panic or when you need that money in an emergency.
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ElmedoRator
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March 24, 2023, 09:16:16 AM |
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Just my personal opinion, because I feel quite conflicted in the use of why we have to go around and be different, simply paying for the benefit of the parties is okay. I'm also happy to see BTC being adopted a lot, but I find that as its value increases day by day in our lives, owning btc is like holding a gold bar to buy coffee, yes it's perfect It's all doable, but inconvenient.
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Darker45
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Crypto Casino and Sportsbook
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March 24, 2023, 09:17:15 AM |
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I feel you. That is also how I feel or felt every time I spend my Bitcoin. After all, we are all trying to stack as many Sats as possible. I probably won't mind if the price is somewhere near the ATH, but if the price is 60 percent down from the ATH like today, spending Bitcoin feels like it is such a waste. This is also true whenever I gamble using Bitcoin or whenever I'm forced to convert some for something urgent. The truth is that I am almost certain $100,000 will come soon, so instead of spending I'm more inclined to accumulate.
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ethereumhunter
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March 24, 2023, 09:26:56 AM |
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For now, I feel that keeping BTC will be better for me than spending it because I want to make more profit. I do want to spend my bitcoins but the desire to store more Bitcoins keeps me from using bitcoins as a means of payment.
Maybe buying using stablecoins is the solution but I still prefer to hold bitcoins than use them as a means of payment. Maybe one day, I will do it and use bitcoin as a means of payment.
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xSkylarx
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March 24, 2023, 09:32:28 AM |
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But Bitcoin was really made for transaction purposes, which is why we should do it, but I have the same feeling that it is because we now treat it as an investment and we are looking for big profits as the years go by, so if we keep spending it then our possible profit will be lessened. It is like in our piggy banks, we save, but every time we want to buy something, we get money from our piggy bank, so by the end of the month, if we open it, you only get small savings. What's best is having a separate wallet on it, like one for spending and another for investments, so you can't touch your investments.
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G_Besar
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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.
You are a very sensitive person towards Bitcoin so you feel very affection for Bitcoin when you want to spend something with it. But what you need to know here is that the adoption of Bitcoin is currently starting to go very well in several countries so that Bitcoin can already be used to pay for any product that is there and that is regardless of your affection for Bitcoin. 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.
My opinion about this is good, because with the legality of Bitcoin to pay for other products that we need, of course other coins such as stablecoins can also be used for the same thing so that everyone has more options for payments via crypto and also through bank credit cards which is also included in the option with the old method. And if you don't want to trade your Bitcoins for other products, you can use stablecoins like you said and you can use fiat as usual if you don't want to sacrifice more Bitcoins for some products.
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ektotanes
Jr. Member
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March 24, 2023, 11:31:16 AM |
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Yep, every time I think that I need to spend bitcoin, I feel bad. But we should understand that bitcoin is a means of payment and it's fine to spend it if you really need it.
I think it will be easier to realize when more countries adopt bitcoin. For now, I'll just continue to stack my sats lol
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Ziskinberg
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March 24, 2023, 12:53:18 PM |
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But Bitcoin was really made for transaction purposes, which is why we should do it,
It was intended for such things - as payment. But some people don't have it in their mind yet as they just consider this as a sort of investment. That is why I understand what OP had to feel, the same feeling I have before, especially if we think to about the last bull season and its peak price. but I have the same feeling that it is because we now treat it as an investment and we are looking for big profits as the years go by, so if we keep spending it then our possible profit will be lessened. It is like in our piggy banks, we save, but every time we want to buy something, we get money from our piggy bank, so by the end of the month, if we open it, you only get small savings. What's best is having a separate wallet on it, like one for spending and another for investments, so you can't touch your investments.
If we can't do it, then make use of fiat instead. But we should also have to practice ourselves to use this, I think starting with a small amount is not hard. Because as long as we never try to do it, the more we fail to push ourselves to do it and the past will always remind us.
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Rupok
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March 24, 2023, 01:32:50 PM |
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Paying with BTC isn't a bad thing, it's a joy. I would be very happy if we had this system in our country. I always look forward to being able to pay with BTC.Some banks accept btc for payment and this is great for practical demonstration of how convenient BTC is. Since BTC has no fixed value, what's the problem with spending it whenever it's worth it?I think when he bought the pizza with 30 btc maybe the value of bitcoin was too low. But is there any guarantee that bitcoin price will exceed expectations in the future or how will he know that spending 30 btc to buy a pizza is pointless.
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jeraldskie11
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March 24, 2023, 01:37:42 PM Merited by fillippone (2) |
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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.
This should be kept in mind by people who do not accept Bitcoin as a payment. We don't really understand why they don't accept Bitcoin as payment, maybe because they don't know how to use it or maybe they are afraid that the value might decrease. I just want to convince people who are planning or doubting to accept Bitcoin as payment that it is very impossible for the price of Bitcoin to drop. The more people accept Bitcoin as payment for their goods, the more Bitcoin will become known. If Bitcoin is more popular, people will be interested to know about it, and if they understand how good it is to use Bitcoin, they may accept payment using Bitcoin. Now, the marketcap of Bitcoin is around $500 billion, which is still very small. Imagine, the '' daily'' trading volume of forex is $6.6 trillion, if they gradually move to crypto, it will surely reach $100k Bitcoin price.
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Issa56
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March 24, 2023, 01:40:47 PM |
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I haven't make any payment in bitcoin yet maybe that's why I don't really know how it feels to pay with bitcoin, but I don't really think it's a bad idea making payments with bitcoin, if everyone is buying and holding bitcoin alone, then it's not really serving its purpose. How I wish bitcoin is accepted in stores or other places in my country, then I will even prefer making payments with bitcoin sometimes, am not saying we shouldn't hold bitcoin, but I don't really see anything bad if you make transactions with bitcoin.
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Rigon
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March 24, 2023, 01:43:48 PM |
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Paying with BTC is very bad now. Currently I am involved with this forum. I am managing my family life with what I earn from here. It's only bad when you have to sell it after receiving the weekly payment to pay for the family. Also I have some BTC invested. But I applied for a job there need some money now I have no choice but to sell this BTC. I am in a position where I cannot sell bitcoins. Can't afford to pay for that job again. But I know Bitcoin will be pumping a lot soon but I don't have time to wait that long. Maybe I'll be forced to sell my bitcoins and take that job.
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Dickiy
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March 24, 2023, 01:52:46 PM |
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In my opinion, this is a natural thing, because basically you might think that bitcoin is an investment asset that gives benefits if you hold it longer compared to stable coins because it is considered the same as fiat, the same feeling when I use gold as a tool the exchange feels weird and makes me not want to trade it the same as with bitcoin. But fundamentally utility is still utility because satoshi created it to replace manipulative fiat currency. That is your right to make a decision, but still bitcoin is still in the adoption stage and not many have accepted bitcoin as a means of payment, so maybe you also have to convert your bitcoins to fiat money.
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ringgo96
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March 24, 2023, 01:54:26 PM |
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When the price of bitcoin like today indeed we do not want to let go to buy something using bitcoin, because the value of bitcoin can always change and make a surprise that we cannot imagine, I am sure who bought pizza using bitcoin at that time he must have a very big regret and those of us who already know the movement of bitcoin certainly have to be vigilant so that it does not happen like him, For me, if I want to buy something using Bitcoin,I can do it but it depends on the goods,if the goods are not valuable,I prefer to use fiat currency.
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rat03gopoh
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March 24, 2023, 02:02:57 PM |
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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.
Then what form of contribution from this perspective to the ecosystem, suppose everyone thinks bitcoin is too valuable to spend now. I mean, how to know that bitcoin works as a means of payment? what is their experience using bitcoin? Let's say now is the future of what you mean (where bitcoin is worth spending), are you no longer bound by previous assumptions?
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Merit.s
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March 24, 2023, 02:18:42 PM |
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Spending bitcoin shouldn't be a problem because it is a currency,there is no way that you can keep accumulating forever,you must spend from it. After making profit in your investment, you are to use your profit to enjoy yourself or buy something valuable to you. If not then why are you investing when you can't enjoy from your investment. Life is short and sudden death can come up,what will happen to all your bitcoin ? Lost,there are some challenges you will face in life that these your coins will help you out or some achievement that you need,when bitcoin is in the bull run,if you sell,you can make your dreams come true. The most important thing is that don't sell all your investment so that you can top it up during the bearish market.
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Smack That Ace
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Free Free Palestine
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March 24, 2023, 02:31:08 PM |
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If you feel bad, why would you use bitcoin to pay and then feel bad when you can use fiat? Although I don't like using bitcoin to pay my daily expenses because I consider bitcoin an investment rather than a currency. But in case of experience or use for urgent work, I will also use it because bitcoin is also money, and it is to serve my life. As long as Bitcoin gives me value and helps me, I never feel uncomfortable using it.
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cozytrade
Sr. Member
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Vave.com - Crypto Casino
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March 24, 2023, 02:46:50 PM |
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Paying with BTC is very bad now. Currently I am involved with this forum. I am managing my family life with what I earn from here. It's only bad when you have to sell it after receiving the weekly payment to pay for the family. Also I have some BTC invested. But I applied for a job there need some money now I have no choice but to sell this BTC. I am in a position where I cannot sell bitcoins. Can't afford to pay for that job again. But I know Bitcoin will be pumping a lot soon but I don't have time to wait that long. Maybe I'll be forced to sell my bitcoins and take that job.
I understand you are under a lot of pressure. Because you don't want to sell the bitcoins and you need your job again. You are in big trouble now. I say you sell the bitcoins and take your job because you can hold on to bitcoins for the next time. If you can take the job then from the job. You can support your family with the salary you get. Later you can invest the bitcoin income through this forum in bitcoins. So I think you have an easy way now that you can sell the bitcoins and get a job. It will be very good for you and very good for your family.
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Flexystar
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March 24, 2023, 02:48:34 PM |
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It is all about perspective.
The perspective can change with time. When that guy paid for his pizza in terms of bitcoin, it was his choice and the bitcoin was worth equal to that Pizza when that trade happened. In a similar way, if I am going to pay for a pizza in today's timeline then I will have to pay only a fraction of a bitcoin because of the increase valuation in terms of fiat. However, my bitcoin is still the bitcoin that was traded at that time.
Similarly, a reverse case scenario is also highly possible. In that one, the bitcoin price might drop such that, I may have to pay 10K bitcoin again in the future for a similar pizza and bitcoins would be worth it.
Should we hold? Yes definitely because bitcoin is actually growing in terms of fiat value and you could profit from the fiat. However, at any given time bitcoin equals bitcoin.
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pawanjain
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March 24, 2023, 02:51:09 PM |
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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.
It's a matter of preference actually. I have bought things with BTC too and I know that the price will go up in future but I don't really care. The answer is that I have BTC which I want to HOLD for a long term and I use separate coins to buy things from BTC. It's more like having 2 wallets where you use one for daily payments and one for holding for long term. This way you hold BTC as a store of value as well as use it's primary capability as a payment method.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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