Do you feel bad while paying with BTC?

[Hispo]

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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 also try to go with stablecoins, since my current plan is to hold in the long term. However, if I do not have enough Stable coins to pay for what I need and I am forced to sell satoshis I would only feel bad if it is a frivolous purchase, like candies, videogames, or some gadget I actually can live without.

On the other hand, if I need to sell Bitcoin in other to pay for food, education or (most importantly) health for me or my family, I would do it in a heartbeat and I would not feel much remorse about it, we are supposed to be aware of our priorities.

That is what I think. 

[Xampeuu]

...
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 also try to go with stablecoins, since my current plan is to hold in the long term. However, if I do not have enough Stable coins to pay for what I need and I am forced to sell satoshis I would only feel bad if it is a frivolous purchase, like candies, videogames, or some gadget I actually can live without.

On the other hand, if I need to sell Bitcoin in other to pay for food, education or (most importantly) health for me or my family, I would do it in a heartbeat and I would not feel much remorse about it, we are supposed to be aware of our priorities.

That is what I think. 

I think it depends on the individual, where what is our priority. while thinking like the OP, of course the main goal is to invest in the long term, so you will regret it if you use it for payments, because it has the potential to increase the results. while there are also those who don't regret anything that happened afterwards when it comes to making payments, things like that are also not wrong, who knows after the price drops and can afford to buy at a lower price

[crunck]

First of all, the person you mentioned is Laszlo, he didn't spend 30+ for a pizza, but 10,000 for 2 pizzas. And the second is, you create a topic, you ask and you've answered it in the same place. If you don't want to pay for something with Bitcoin (BTC) because you don't want to be unlucky like Laszlo who doesn't realize the real value of Bitcoin, well, like you said, use stablecoins. So why else ask about it?

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you feel uncomfortable using bitcoin to pay, then stop doing it, no one is forcing you to do it. You are causing trouble for yourself and you are complaining to everyone. I see you as someone who has too many contradictions, you act on your own and feel sorry for yourself. If you consider bitcoin a valuable investment in the future, keep it safe and never spend it on unnecessary things.

[Asuspawer09]

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 completely understand how to feel  , it's always a pain selling your bitcoin because it's an investment and could easily increase its price over time, you could easily regret it, especially when you do it on a bear market at times like this.

That's why for me bitcoin is just an investment at the moment, not a digital currency that you can use in transactions, Right now bitcoin market price is so volatile so you wouldn't really want to use a digital currency that has a risky market price, a currency that at any moment could increase or decrease its market price. what you want is something like stablecoins or fiat so that you could pay someone exactly not less or excess.

At the moment the price was already thousands, I think right now it's a lot better on investments, and maybe in the future when the market price become stable it could be something that everyone can use on transactions.

[lassdas]

No, those few times when I'm able to pay with BTC, I don't feel bad at all.
Those times are rare, very, which makes me feel bad, ..or rather sad.

I would love to pay in BTC, it's just not possible at those places where I usually buy stuff
and to use some kind of proxy-service that gets me anything for BTC is not easier at all than exchanging the coins for fiat myself and probably more expensive too, so that just doesn't make sense to me.

Sad but true, after more than a decade down in the rabbit hole the only things I ever actually paid for directly in BTC were mining-hardware (in the early days), hosting (vps/dedis), games and drugs.
For everything else I'm more or less forced to use the old systems and I highly doubt it to change anytime soon, as long as everyone treats Bitcoin as an investment.

[rhodelmabanal]

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.

That person is will surely feel bad if he is still alive and so the value of bitcoin today, now in that case you can hold your btc if the market is bad and spent some btc earning from your holdings when market is good don't spent your capital just spent the profit to avoid disappointment when the market price rise drastically.

[worle1bm]

In reality the main motive of creation for Bitcoin was to substitute fiat payments so it must be used for payment processing also not only investment purposes.We have seen that with rise in prices we gain profits from it with time so feel sad to spend them and it's also fine but we can spend small amounts to buy stuff online or physically if merchants around you accept it to boost the adoption more.

[fuguebtc]

For those who consider bitcoin as an investment, spending bitcoin is uncomfortable and wasteful because they believe the value of bitcoin will be huge in the future. But there are also people who only see bitcoin as a currency, a means of payment, spending bitcoin with them is normal because it will contribute to promoting bitcoin to become more popular. Bitcoin is very versatile, so it depends on the purpose of each person we use it. I also rarely use bitcoin to pay, but using it in cases of need is not a problem because I can buy it back later.

[n0ne]

In reality the main motive of creation for Bitcoin was to substitute fiat payments so it must be used for payment processing also not only investment purposes.We have seen that with rise in prices we gain profits from it with time so feel sad to spend them and it's also fine but we can spend small amounts to buy stuff online or physically if merchants around you accept it to boost the adoption more.

The main purpose for which bitcoin got innovated is to get served as an alternate to the traditional system. Many flaws were found on the traditional system and to overcome the same bitcoin got innovated with the blockchain technology backing. The usage of bitcoin is much preferred for investment than as a payment system or transaction source. When we talk of bitcoin adoption and increasing acceptance we should also contribute to it. Everyone have the same feeling of bitcoin value fluctuation causing difference in price for the same product based on time difference. For this it is always good to spend on small products that won't disturb the spending even when the price of bitcoin varies big. In all aspects it is a must to spend, only then we can have good circulation that result in the increased usage and real time adoption of bitcoin.

[traderethereum]

For those who consider bitcoin as an investment, spending bitcoin is uncomfortable and wasteful because they believe the value of bitcoin will be huge in the future. But there are also people who only see bitcoin as a currency, a means of payment, spending bitcoin with them is normal because it will contribute to promoting bitcoin to become more popular. Bitcoin is very versatile, so it depends on the purpose of each person we use it. I also rarely use bitcoin to pay, but using it in cases of need is not a problem because I can buy it back later.

It will only reduce the number of bitcoins if they use bitcoin as a means of payment.
Besides that, with the current situation and conditions where not many countries accept bitcoin as a means of payment, it would be better if we used bitcoin as an investment tool first.
After bitcoin can be accepted as legal tender in all countries, we can use it or choose fiat.
And for now, I think that it's better if I just keep the bitcoin because there is very high upside potential for the bitcoin price.

[SOKO-DEKE]

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.

Since I haven't used Bitcoin for payments before, I can't say that I have a lot of experience with how I feels when use Bitcoin to stuffs. However, occasionally, when I'm trying to convert my Bitcoin to fiat money, I get uneasy because I worry that if I sell it, Bitcoin might rise significantly in value and I might miss the opportunity. However, I rarely sell any portion of my Bitcoin investments these days since I have enough fiat money saved in my bank account. I believe it is the greatest strategy for avoiding any attempts to sell my Bitcoin or use it to make any purchases.

[Ronsbit]

In as much we are trying to make bitcoin more popular in the society, this is one of the criteria one must face in other to do so. When the drive for bitcoin adoption is ongoing, it is of good importance that it is used for the purpose for awareness sake. So i would say that paying for bitcoin for services is not  a bad idea so far as it is a course that must be fulfilled and accomplished with satisfaction derived in massive awareness and adoption goal. Another is this, based on your topic, i believe before you attempt to pay for anything of value, it must have a figure of payment so therefore, it is advisable you pay in approximate figure in the currency value of the goods you are paying for more over, you should know that bitcoin price is volatile so it depends on how the market is as at time of payment.

[Yatsan]

We can't help it. It is like buying something double it price not because of the taxes but with the idea that the value of a certain amount, in form of Bitcoin as payment, could grow if you choose to hold. This is simply an evidence of how cryptocurrencies are being used not as an alternative mode of payment but more of an asset to be held for years because of its profit potential. Not a bad thing to do so, people are just taking advantage and making use of the characteristic of Bitcoin and other cryptocurrencies.
 The only instance I won't have regrets or hesitate to pay in Bitcoin is if I would be able to save for that transaction, which is assuming to be big for me to use crypto. In such way I'd be able to avoid taxes from huge transactions. Especially nowadays wherein taxes somehow cuts more than 30% of the actual price of the item because of import and export matters.

[MAAManda]

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you don't want to end up like him and believe that the real value of Bitcoin (BTC) is even eg $500K, you can spend nothing with Bitcoin (BTC), just use stablecoins like USDT, BUSD and other stablecoins. As simple as that, mate. So, I think we have the conclusion here, you have the choice not to or use Bitcoin (BTC) in the transaction you want to make, the decision is all yours.

[Godday]

Those are all options.  Maybe you're referring to someone who has spent over 22k bitcoins on a Pizza.  It has been discussed in this forum.  Many people feel bad after paying for their bitcoins.  Ask people who have sold their BTC for $4,000 in 2017. Ask people who have bought BTC for around $50,000 around 2018. Ask people who have found out about BTC in 2013. Everyone has  feel bad about their BTC.  And I think that's normal.  We don't need to regret it.  We just have to believe that this life is a choice and whatever choice we have made, we have to be prepared with the good and bad feelings of that decision.

[Henrobakkara]

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.

You are quite right but it really wouldn't matter if you don't have a choice. If at a point you trying to buy or pay for something and it happens that you do not have any funds on you and at the same time you can pay with Bitcoin, then you are left with whether to use your Bitcoin for payment or leave the transaction alone and if you really need to get it done, then you have to and don't look at what the Bitcoin/Satoshi would have earned you in years from now.

Do you think of fiat that way, (Like, Look at the amount of fiat I have spent since the beginning of this year, I wish I had invested in Bitcoin and it would have doubled the amount) So what happens if Bitcoin is now made a Legal Tender in your country is this how everyone would feel spending the Bitcoin they so clamored for to be a legal tender 

[xSkylarx]

Those are all options.  Maybe you're referring to someone who has spent over 22k bitcoins on a Pizza.  It has been discussed in this forum.  Many people feel bad after paying for their bitcoins.  Ask people who have sold their BTC for $4,000 in 2017. Ask people who have bought BTC for around $50,000 around 2018. Ask people who have found out about BTC in 2013. Everyone has  feel bad about their BTC.  And I think that's normal.  We don't need to regret it.  We just have to believe that this life is a choice and whatever choice we have made, we have to be prepared with the good and bad feelings of that decision.

Lets not only think about the bad side like if you haven't used it to buy things, we should think the positive side like without bitcoin what ever the price is you cant purchase those things and also you cant afford it with your own money if you haven't used the bitcoin that is why be thankful but again reflect on those things and not to try to commit those mistakes like just use it when needed and not on those nonsense things

[Alisha-k]

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.

you can't possibly hold your Bitcoin forever, you'll definitely have to spend it someday, so why not???

It's your sweat so enjoy it..
But spend wisely

[LittleBitFunny]

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you don't want to end up like him and believe that the real value of Bitcoin (BTC) is even eg $500K, you can spend nothing with Bitcoin (BTC), just use stablecoins like USDT, BUSD and other stablecoins. As simple as that, mate. So, I think we have the conclusion here, you have the choice not to or use Bitcoin (BTC) in the transaction you want to make, the decision is all yours.

Yes, it's our decision, no one is forcing us to do it, if we feel uncomfortable, we shouldn't do it. But if OP is talking about emergencies and spending bitcoins as a last resort, it's not a big deal because bitcoin has also helped us with problems in life. I also don't like spending bitcoins on daily activities, but in case of an emergency and the middle of a choice, I wouldn't hesitate to use my bitcoins. There are more important things than bitcoin in this life.

[hZti]

Yeah sorry, I forgot that he spent THAT much. I asked because the problem is mostly psychological. Because when you think about it, spending bitcoin is the SAME as spending stables because you paying the SAME price. But still, for me, it's psychologically harder to spend bitcoins.

If you don't want to end up like him and believe that the real value of Bitcoin (BTC) is even eg $500K, you can spend nothing with Bitcoin (BTC), just use stablecoins like USDT, BUSD and other stablecoins. As simple as that, mate. So, I think we have the conclusion here, you have the choice not to or use Bitcoin (BTC) in the transaction you want to make, the decision is all yours.

Nah that’s not the right solution to that, because Bitcoin needs Bitcoin acceptance to be useful. If you create an acceptance for USDT you just create an acceptance for yet another manipulated shitcoin that will definitely at some point implode at some point and remove all the process. Would be the same if you create DOGE acceptance and other stuff like that. Looks good but has no value long term.