Do you feel bad while paying with BTC?

[Argoo]

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.

Well, your thought is not devoid of common sense. I am sure that a significant portion of the members of this forum have never made purchases with Bitcoin settlements. Indeed, why kill the goose that lays the golden eggs. And when making small household transactions, and even middle-level transactions, it is not very convenient to use bitcoin, given that it is not possible to pay with them everywhere. So far, bitcoin is more used as an investment in the hope of greater profits due to its price growth in the future, and not as a means of payment. Although this is not entirely good for the liquidity of Bitcoin itself.

[1714884487]

1714884487

[Abiky]

To make purchases with bitcoin is only worthless if you don't replenish your portfolio from times to times, through DCA, for an example. But if you are constantly acquiring new portions of BTC, it won't be an issue to pay for goods and services with bitcoin, as it just mean you are swaping fiat into crypto to use it as money on the present moment, without prejudicing your long term profit potential.

The pizza guy who spent 30 bitcoins was mentioned, but even him shouldn't feel bad about it, because if he had 30 BTCs for a pizza, I believe he had much more for holding purposes... It wasn't spending 30 BTCs in a pizza that prevented this guy from getting millionaire through BTC and it won't be your daily purchases with BTC that will prevent you from profiting from the investment futurely.

The guy who paid 30 BTC for pizza never thought the cryptocurrency would become as valuable as it is right now. He just considered Bitcoin as a currency. Not a long-term investment or a store of value. The original purpose of Bitcoin is to be used as "Peer to Peer Electronic Cash", so I don't get why people are so focused on its market price. 1 BTC = 1 BTC, right? Unfortunately, the world is reluctant to switch towards the "Bitcoin Standard", so most people will either spend or "hodl" BTC depending on current market conditions.

If you're really worried about losing purchasing power in the short term because of the volatility, then use stablecoins instead. BTC is growing in popularity each day, so it should only be a matter of time before a wide number of merchants worldwide accept it as payment method. Just my opinion

[DiMarxist]

As for me I will not do payment with BTC, that was olden day we now in modern day, because him don't know bitcoin will rise to up to this, bitcoin is a long-term holding investment, That’s why you can see most of us here are holding bitcoin and spending fiat, because we know the fact that bitcoin could reach at its peak price in its most unexpected time. And because we don’t want to miss that chance, we prefer to keep bitcoin as a long term investment rather than to use it as a currency. So far, bitcoin is more used as an investment in the hope of greater profits due to its price growth in the future, and not as a means of payment the market will remain to fluctuate and it is highly unlikely that the btc market will not be stable to function as currency.I will still use bitcoin because bitcoin can never be stable.Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits so I will not try paying something with bitcoin.

[Russlenat]

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.

Now that the market is good, are you still uncomfortable spending bitcoin? I think it’s really normal to feel uneasy when you spend your bitcoin knowing it could hit its all time high in the future. But bitcoin isn’t good for hodling forever, right? You have to spend it so it can serve its purpose, and right now with the current price of btc, I think that’s not bad if you spend a portion of it. But to be honest, as long as I have enough fiat to spend, I will still continue to hold bitcoin and spare it from spending.

[nurilham]

Well, your thought is not devoid of common sense. I am sure that a significant portion of the members of this forum have never made purchases with Bitcoin settlements. Indeed, why kill the goose that lays the golden eggs. And when making small household transactions, and even middle-level transactions, it is not very convenient to use bitcoin, given that it is not possible to pay with them everywhere. So far, bitcoin is more used as an investment in the hope of greater profits due to its price growth in the future, and not as a means of payment. Although this is not entirely good for the liquidity of Bitcoin itself.

How do you know most forum members never used BTC for purchasing? You only speculate about this, it has no valid data about how many members use it whether for investment or purchasing. But it makes sense that most people prefer to use it as an investment because Bitcoin is still not available to use at any place.

However, I'm sure that Bitcoin may be used anywhere in the future. More country adopts it as legal tender, which means more chances for Bitcoin to be accepted as a payment tool.

https://coinmarketcap.com/legal-tender-countries/

[DaNNy001]

somehow, coz I couldn't help but think about the potential value after spending it. though we think that we are just using it as what it is supposed to play on its role, we cannot avoid thinking "if only I didn't spend it, it should have been this big $$ already". way back when I was using bitcoin to pay for bills and other stuff, my regrets isn't that great as I have right now, but somehow after having much thought, I'll just console myself saying "if I didn't used that before, I wouldn't be here where I am today".

I think am with you on this mate, i actually go back and check my recent transactions which i used for payment of bills and i find out that it market value has increased and i do have a feeling of regret why i actually spent the btc but i always arrived at one defination which is that bitcoin is actually money and its only purpose is not saving but also for paying of bills.

[Fatunad]

somehow, coz I couldn't help but think about the potential value after spending it. though we think that we are just using it as what it is supposed to play on its role, we cannot avoid thinking "if only I didn't spend it, it should have been this big $$ already". way back when I was using bitcoin to pay for bills and other stuff, my regrets isn't that great as I have right now, but somehow after having much thought, I'll just console myself saying "if I didn't used that before, I wouldn't be here where I am today".

I think am with you on this mate, i actually go back and check my recent transactions which i used for payment of bills and i find out that it market value has increased and i do have a feeling of regret why i actually spent the btc but i always arrived at one defination which is that bitcoin is actually money and its only purpose is not saving but also for paying of bills.

When trying to look back into my previous old wallets that had been used 7-8 years ago on which i do really have that kind of regret on which i havent been able to save up those coins but instead i do
make out some active withdrawals and converting it to fiat.It did really make out that kind of regret on which i've been thinking that if ever i havent done such thing then i would consider myself to be a millionaire.
Basing up on how far the prices had able to reach out then it would really be that something that leave you in regret on what you have done in the past but well there's nothing we can do but
to make ourselves move on and proceed on what are dealing as of these days.There's no point on keeping going back with those mistakes that you have done.

[Fivestar4everMVP]

I've had the pleasure to spend some of my bitcoin to purchase a really good item, and trust me, I do not regret it, after all, bitcoin was created to be a currency through which people can buy and sell good s and services, eliminating the banks and preserving user privacy.

Spending bitcoin is also contributing to adoption which we all clamor for, if everybody should decide and hold their bitcoin tight, how then will the coin circulate into new hands,?
So it's nothing really to be afraid of, or feel angry about, you are also helping the bitcoin network and holders grow when goods or service are paid for in bitcoin.

[samcoin]

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 think Bitcoin is more like a store of value now than a payment system, because fees and time of transactions can't help it to be a fast payment system, if we ignore government regulations. Indeed, when Bitcoin was invented, there weren't a lot of altcoins that have different advantages which make them a better payment system than Bitcoin. Now, we have altcoins with near to zero transaction fees, and others with very fast transactions that happen in seconds. Personally, I don't prefer spending Bitcoin buying goods or services, except in the case in which the service provider or the seller doesn't offer the option of paying with other crypto currency, so I would be forced to pay with Bitcoin. However, most services offer more than one crypto currency now, and Litecoin is a notable option in this case, as well as USDT on TRON network has low fees.

[NicNacCoin]

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 never try to buy anything with Bitcoin even though I am in a lot of trouble most of the time. To date I have never paid directly with Bitcoin. Because bitcoin is not valid in my country I can never pay directly with bitcoin I pay by converting from bitcoin to my country's currency. But a few days later I was forced to sell some of my stashed bitcoins for my family needs. It felt bad to sell because I had been accumulating these bitcoins for a long time, but maybe it was the bull season and I had to sell. I got a lot of joy in spite of the hardship because I got this bitcoin help in my need.

[panganib999]

It's because you see bitcoin as an asset, not as a leverage. The main reason why we're pushing for global adoption is not to make everyone an instant millionaire overnight. That just wouldn't make sense. The reason why we're doing so is because well, to offer the people a better form of currency system woth paradigms that aren't stepping on their necks.

Still, being uncomfortable with spending bitcoins isn't inherently a bad thing, it just goes to show where your priorities are in the industry.

[Supreemo]

It's because you see bitcoin as an asset, not as a leverage. The main reason why we're pushing for global adoption is not to make everyone an instant millionaire overnight. That just wouldn't make sense. The reason why we're doing so is because well, to offer the people a better form of currency system woth paradigms that aren't stepping on their necks.

Still, being uncomfortable with spending bitcoins isn't inherently a bad thing, it just goes to show where your priorities are in the industry.

exactly. atlhough i hate to say this but as of now it is not a bad thing to use bitcoin as a currency or for payment methods. in short, since it is still at an early age it is serving its purpose as a currency, but i know for sure when the time comes it'll be a big regret to use this a currency coz even now a lot of people are already regretting using it due to the fact that it can be a store value.

[panganib999]

exactly. atlhough i hate to say this but as of now it is not a bad thing to use bitcoin as a currency or for payment methods. in short, since it is still at an early age it is serving its purpose as a currency, but i know for sure when the time comes it'll be a big regret to use this a currency coz even now a lot of people are already regretting using it due to the fact that it can be a store value.

I think you misconstrued my last post, although I wouldn't cross out your statement because well, it's not that wrong.

Let me just clear up a few things.

• Bitcoin is not being used primarily as a currency right now, but as an asset or commodity for earning more money. Sure there are whole countries that dedicate their whole economy to using bitcoin as a form of currency but for the most part, it's being used to earn money.
• I don't see the reason why people would regret using bitcoin to pay for stuff, like of course it's profitable when held but sooner or later you'd spend it on something anyway, why wait? The bull run? Hardly a good reason.

[posi]

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 never try to buy anything with Bitcoin even though I am in a lot of trouble most of the time. To date I have never paid directly with Bitcoin. Because bitcoin is not valid in my country I can never pay directly with bitcoin I pay by converting from bitcoin to my country's currency. But a few days later I was forced to sell some of my stashed bitcoins for my family needs. It felt bad to sell because I had been accumulating these bitcoins for a long time, but maybe it was the bull season and I had to sell. I got a lot of joy in spite of the hardship because I got this bitcoin help in my need.

Honestly, I've never done that in my locality, I can't find any stores that accept or use bitcoin. Since then, I have also gotten into the habit of seeing bitcoin as an investment, a store of assets rather than a currency. What I'm doing is hoarding as many bitcoins as I can, and I don't want to spend my bitcoins even a little. But I don't see a problem with other people using their bitcoins because the real purpose bitcoin was created is to be a payment method.

[summonerrk]

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.

Each payment of Bitcoin moves our crypto-currency world to spread and popularize.
I also don't like spending bitcoins or other cryptocurrencies to pay for anything, but there are times that you need to pay. And there is no other choice. There are all sorts of situations: you need an operation, or money to help in a desperate situation, also for food, for children.

After all, money is not the end result and it will not make us happy, but the things that we can buy with it are quite.
Don't forget about it!

[imamusma]

Honestly, I've never done that in my locality, I can't find any stores that accept or use bitcoin. Since then, I have also gotten into the habit of seeing bitcoin as an investment, a store of assets rather than a currency. What I'm doing is hoarding as many bitcoins as I can, and I don't want to spend my bitcoins even a little. But I don't see a problem with other people using their bitcoins because the real purpose bitcoin was created is to be a payment method.

Your experience seems to be the same as mine. Yes, bitcoin is not legal currency for me to use under the jurisdiction of my country, so of course that precludes me from using it as means of payment. But that doesn't mean I can't use it, especially between one user and another via online. It's hard to find a physical store that accepts bitcoins or I probably wouldn't find one in my country but I think we can work around it if needed.

In my opinion, legality is one that hinders the adoption of bitcoin in various countries. Of course I'm not going to put pressure on governments to legalize bitcoin as legal currency, but I tend to thank them for not banning bitcoin completely like some other countries.

[posi]

Honestly, I've never done that in my locality, I can't find any stores that accept or use bitcoin. Since then, I have also gotten into the habit of seeing bitcoin as an investment, a store of assets rather than a currency. What I'm doing is hoarding as many bitcoins as I can, and I don't want to spend my bitcoins even a little. But I don't see a problem with other people using their bitcoins because the real purpose bitcoin was created is to be a payment method.

... but I tend to thank them for not banning bitcoin completely like some other countries.

Agreed, although they do not yet accept bitcoin as a payment method or currency, they have also become more bitcoin-friendly in recent years. We should really be thanking them rather than going against them, I don't see any benefit in trying to go against the government. They have never been the losers in disputes with the people.
I hope in the future, they will become even more bitcoin friendly and maybe make it an additional payment method. I also wanted to experience a one-time bitcoin payment at my local store as others did.

[nakamura12]

Don't be. You feel that way because you think the total amount of BTC which is paid for pizza with today's value of BTC. If you think differently where the price of BTC that day is different to this day. That time 10k BTC is worth around $40 compared to this day's BTC price so that's why the buyer didn't feel bad or disappointed. So, today if someone wants to buy pizza and they accept BTC then you won't have to pay 10k BTC just to buy pizza but rather pay BTC that is worth the pizza let's say $40 and that would be 0.0013 BTC.

[CryptoBuds]

Don't be. You feel that way because you think the total amount of BTC which is paid for pizza with today's value of BTC. If you think differently where the price of BTC that day is different to this day. That time 10k BTC is worth around $40 compared to this day's BTC price so that's why the buyer didn't feel bad or disappointed. So, today if someone wants to buy pizza and they accept BTC then you won't have to pay 10k BTC just to buy pizza but rather pay BTC that is worth the pizza let's say $40 and that would be 0.0013 BTC.

I am pretty sad when many people keep repeating the story of Laszlo Hanyecz when using 10 thousand BTC to buy 2 pizzas. I don't know what are they thinking? Because I bet those people that, even if they knew about bitcoin at the time, they wouldn't have dared to invest in 1 bitcoin, let alone own 10 thousand BTC. The early adopters of bitcoin made history, what they did is the foundation that we are here today, without those transactions, there wouldn't be any crypto market until now. We should show them respect and gratitude rather than mocking them.

[DoverDoane]

Don't be. You feel that way because you think the total amount of BTC which is paid for pizza with today's value of BTC. If you think differently where the price of BTC that day is different to this day. That time 10k BTC is worth around $40 compared to this day's BTC price so that's why the buyer didn't feel bad or disappointed. So, today if someone wants to buy pizza and they accept BTC then you won't have to pay 10k BTC just to buy pizza but rather pay BTC that is worth the pizza let's say $40 and that would be 0.0013 BTC.

For now, with the skyrocketing price of BTC, it would be very profitable to buy a pizza for just a fraction of BTC, but that only applies in developed countries where most people already understand the crypto world and have a crypto wallet on their mobile, but not so in developing countries it will be difficult. Because banknotes and credit cards are still dominantly used there, the answer will be that most people will still feel uncomfortable using BTC as a means of daily transactional payments.