Do you feel bad while paying with BTC?

[deathcode]

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.

The case experienced by the man who bought pizza with Bitcoin was because he did not fully know if Bitcoin would have the high value it has today.
Of course I or even all of us will feel bad if we pay for something that is not very important with Bitcoin at this time, because we are aware and know what the potential of Bitcoin is like.
It's natural that we will feel bad because we really appreciate our efforts behind the Bitcoin that we have, we are really struggling to get Bitcoin by doing various ways.
But if we spend our Bitcoins to buy something that is useful for us why feel bad, one day we will definitely enjoy the results of selling our Bitcoins, right? It is impossible to keep our Bitcoin forever and not sell our Bitcoin.

[Kasabus]

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.

Even myself, I always have this feeling that if I spend my btc at the moment, I will never get the chance to be more profitable in the future knowing that bitcoin price will certainly grow in time. But if the situation needs my btc so badly, of course I will never hesitate to sell and spend it. But as much as I can, I always spend my fiat first and maybe if the amount is not sufficient, then that’s the time to spend a little amount of my btc as well.

[Prince Malik]

Things are completely different now because Bitcoin have very large market cap comparable to the past when the guy bought pizza for Bitcoin, you can be sure that this will not happen again for you because Bitcoin price will not move the same way it moved from 2009 to now, so you must be comfortable while paying in btc in my opinion, nothing wrong with this

[pixie85]

Things are completely different now because Bitcoin have very large market cap comparable to the past when the guy bought pizza for Bitcoin, you can be sure that this will not happen again for you because Bitcoin price will not move the same way it moved from 2009 to now, so you must be comfortable while paying in btc in my opinion, nothing wrong with this

It can still grow 10x from here so I can understand people who feel bad spending bitcoin. There's nothing similar in fiat. Fiat money will lose value over time so if you spend your $ to buy a house and it doesn't burn down or get flooded, in 10 years you'll hold the same or greater value. If you spend bitcoin on that house you will hold much smaller value in 10 years as this will take 2 halvings. It's fairly impossible for bitcoin to be worth what it is today after two 4 year cycles.

I usually spend on essentials so I can always say that I really needed to buy this or that thing. My conscience is clear.

[moneystery]

True, sometimes I am also very unwilling to exchange the Bitcoins I have into fiat, like what I did was wrong, but I have no other choice, because most of my assets are in the form of Bitcoins and whenever I really need money I will exchange them. But if I have stablecoins, I usually prefer to pay using stablecoins, and if I have extra money I will usually invest it back into Bitcoin.

[Vaculin]

I understand your feeling and it's good since you might be careful, sensitive and know the value of Bitcoin as an asset. Well, this shouldn't still stop you from spending your coin as it's not only about investment. Just be sure that you have a sizable amount still left in your wallet for the investment, you should not deprive yourself of good things in life because of it.

That said, you need to be patient and speculative, this is by knowing when Bitcoin is on the beraish trend. Spending it at that time will never be an issue, you can as well replenish back your coin when it's becoming bullish again.

Let’s not forget that bitcoin is design to be a currency, and not just a sole investment. But because hodling bitcoin is still risky and requires more our patience and determination, maybe spending it could mean a little bad on ourselves but if we only spend those bitcoin for the realization of our dreams, I guess there’s nothing to regret on spending our bitcoin. We just have to wait for another perfect market entry and just buy back again and hold. At least, we never spend at a loss, but certainly on our utmost benefits.

[balotelli]

The current issue with BTC is high transaction fees, so I rarely use BTC for payments, I usually use LTC or USDT with very low fees below 1$.

[Questat]

True, sometimes I am also very unwilling to exchange the Bitcoins I have into fiat, like what I did was wrong, but I have no other choice, because most of my assets are in the form of Bitcoins and whenever I really need money I will exchange them. But if I have stablecoins, I usually prefer to pay using stablecoins, and if I have extra money I will usually invest it back into Bitcoin.

This means that all of our major transactions are still reliant on fiat. We always think about the future value of Bitcoin which makes us uncomfortable spending it but instead, we use to convert it into fiat money which is just the same. We just realized that we are not yet ready for the said adoption because internally, we are not prepared. In reality, people had come to the crypto world not because they want to buy Bitcoin and use it for payment but rather because they come here solely for investment purposes.

[Quidat]

The current issue with BTC is high transaction fees, so I rarely use BTC for payments, I usually use LTC or USDT with very low fees below 1$.

How much more if there would be some network congestion? For sure you would definitely be that amazed on how high  transaction would be on Bitcoin.This is the main problem i do
only see on Bitcoin which into its scability issue and this is why we do have other solution which is to make use of altcoins or simply with USDT. Speaking about paying with Bitcoin
then just like yours on which i dont tend to make use of it but rather saving it up because we know the potential price increase that it could give out
on near future. We arent blind not to see its potential and of course we are saving up for long term.

[Cyber_warrior]

Things are completely different now because Bitcoin have very large market cap comparable to the past when the guy bought pizza for Bitcoin, you can be sure that this will not happen again for you because Bitcoin price will not move the same way it moved from 2009 to now, so you must be comfortable while paying in btc in my opinion, nothing wrong with this

I don’t know how sure are you that bitcoin price will not move the same way it moves in previous years? To be honest with you, am still expecting bitcoin to perform well more than the previous years because bitcoin adoption increasing daily, more people are getting to know about bitcoin and they are investing in bitcoin, because bitcoin price is down now those not mean bitcoin won’t pump again, let’s just wait for bull run to start and see, I can’t even image what bitcoin price will be in the next 10 years, but we should  all spend our bitcoin whenever we know we can spend it, that will still help in bitcoin adoption and enlightenment.

[Bazzu]

the uncomfortable feeling of making payments using btc, I think it's a natural thing because it's rare for people to do this, but if one day many people have done this, surely you won't feel worried about using bitcoin as a means of payment.

In my opinion, the most important thing from investing in bitcoin is to benefit from investing in bitcoin.
the problem of payment methods using btc is a recent affair, the most important thing is to get benefits from investing in bitcoin.

[Bitcoin_people]

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.

First of all, Bitcoin national Pizza Day is celebrated around the world on May 22. And the person who bought the pizza with Bitcoin is Laszlo Hanyecz. But you said the guy spent 30+ bitcoins to buy pizza but I know Laszlo Hanyecz bought pizza with 10000 bitcoins. Back then 10000 bitcoins were worth only $41 dollars. But he may not have known that the price of Bitcoin would rise so much. If he had envisioned the future of Bitcoin, the man would not have bought pizza with 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.

If I am interested in buying a product with virtual currency, I will definitely buy it with Stubblecoin. Because we all know that the price of Bitcoin will go higher at some point. But Laszlo Hanyecz may not have imagined that the value of Bitcoin would rise so much at one time, otherwise he would not have bought pizza with Bitcoin. But I will never try to buy goods with my Bitcoin because I will try to hold it for a long time. My guess is that if I buy products with bitcoins, if the value of bitcoins increases later, I won't have any money to invest in bitcoins later. So I will always try to hold on to bitcoins and if I want to purchase any product Virtual I will definitely buy it with stablecoins.

[Stella Mese]

bitcoin is a digital currency, of course you don't need to worry and worry about making payment methods using bitcoin, because the most important thing is that there are people who want to accept payments using bitcoin.
even in my opinion if you make buying and selling transactions using bitcoin as a means of payment, in my opinion it is a good step, namely so that more and more people want to adopt bitcoin.

but the decision is yours, so I think enjoy your life don't think too much about it.

but there are indeed many of us who use BTC only as an investment asset, not for a payment method. so the decision is in the hands of each.

but if the government in your country prohibits payment systems using bitcoin, it's better to follow government regulations to make it safer.

[awik p]

The current issue with BTC is high transaction fees, so I rarely use BTC for payments, I usually use LTC or USDT with very low fees below 1$.

How much more if there would be some network congestion? For sure you would definitely be that amazed on how high  transaction would be on Bitcoin.This is the main problem i do
only see on Bitcoin which into its scability issue and this is why we do have other solution which is to make use of altcoins or simply with USDT. Speaking about paying with Bitcoin
then just like yours on which i dont tend to make use of it but rather saving it up because we know the potential price increase that it could give out
on near future. We arent blind not to see its potential and of course we are saving up for long term.

the main thing I feel when paying using bitcoin is to feel sorry because of the nature of bitcoin which I tend to function as a tool for making a profit. it's different if the price of bitcoin is high and I feel it's worth releasing maybe I can change my mind, whether I make fiat for payment or make it a stable coin first, because I'm sure that after the bullish season is over, bearish season will come

[yudi09]

The current issue with BTC is high transaction fees, so I rarely use BTC for payments, I usually use LTC or USDT with very low fees below 1$.

The amount we have to spend when transacting with stable coins is relatively lower, but you also need to pay attention to other factors such as network congestion. If you decide to choose transactions with coins such as USDT or LTC because transaction fees using Bitcoin are expensive, have you ever compared the other positive effects you get when transacting with Bitcoin?

The food menu is expensive because it is definitely delicious. While the cheap food menu is still not guaranteed to taste as good as expensive food.

[Twentyonepaylots]

I think if you take consideration of directly using bitcoin, there is indeed some feeling of uneasiness since it is a volatile currency that any second or minute changes its value. If the value got higher, you probably feel bad spending it. If it got lower, you might feel ok since you used the value of your currency at a higher one. So, it is like a roller coaster ride since you won't really know what would happen next. So, when spending just be sure you are ready to feel those emotions and try to spend wisely.

[Abiky]

The current issue with BTC is high transaction fees, so I rarely use BTC for payments, I usually use LTC or USDT with very low fees below 1$.

Transaction fees are no longer an issue thanks to the inception of the Lightning Network. Merchants can accept LN payments to save fees and reduce wait times. You'd be paying in "satoshis" instead of Bitcoin directly (although satoshis are fractions of a BTC). The real issue is unstable market prices in Fiat terms. But that wouldn't be a reason of concern if you use BTC as "digital cash" regardless of its Fiat value.

Many people often view Bitcoin as an investment tool, so they panic when market prices go down for a short period of time. The only way this can be solved is if the current banking system collapses for good. Only then, the world will switch to the "Bitcoin Standard". Who knows if our dreams come true sometime in the future? Just my opinion

[coinerer]

I think if you take consideration of directly using bitcoin, there is indeed some feeling of uneasiness since it is a volatile currency that any second or minute changes its value. If the value got higher, you probably feel bad spending it. If it got lower, you might feel ok since you used the value of your currency at a higher one. So, it is like a roller coaster ride since you won't really know what would happen next. So, when spending just be sure you are ready to feel those emotions and try to spend wisely.

Yes I agree with you it works exactly like this when we use bitcoins it is currently costed at the present rate relative to the dollar but at that time we cannot fill it. But when the price of bitcoins goes up a lot we can fill it and then we regret why we spent those bitcoins at that time. For example if you notice a guy named Laszlo Hanyecz spent 10,000 bitcoins to buy only two pizzas then maybe he couldn't fill it.  Maybe he was very satisfied with it then.  But he can now fail to realize how stupid he was then by spending the bitcoins

[piebeyb]

that's why one of the reasons I still hold bitcoin for a long time until now is because I believe in the value of bitcoin which will continue to increase every time, no matter the bearish market or see a lot of media saying up to hundreds of times bitcoin has died, I always believe in bitcoin investment for long term so i never really want to use it also to pay for something even to buy a tesla car or a luxury house with my bitcoin i think being bitcoin as a digital asset is much better than having it as a means of payment  

[Viscore]

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.

If you feel uncomfortable spending your btc, then just hold it. Spend it only in case of emergency or when your funds are not enough to pay so spending a portion of your btc is quite reasonable. I guess you are not alone as most of us here are still hesitant to spend our hard-earned coins but if spending could contribute to faster adoption for bitcoin, then we should ought to spend a portion of our hodlings so we can do our part too. After all, bitcoin is not just a sole investment but certainly designed to be a good currency.