Do you feel bad while paying with BTC?

[Obito]

Laszlo didn't expect the prices to go that far though and it's not like he wasn't doing it for nothing, iirc he did it to prove that you can use bitcoin for basic transactions not to mention that he's already part of the history of bitcoin, now the lens that we will look at it will be different but we know for a fact that he did something great. Stop dwelling too much on the thought that you spending your bitcoin and for the prices to go up after the fact is a bad thing, it's not your fault, and it's not like you know that the prices were going to go up after you've used it for some transactions.

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[S A KHAIR]

Laszlo didn't expect the prices to go that far though and it's not like he wasn't doing it for nothing, iirc he did it to prove that you can use bitcoin for basic transactions not to mention that he's already part of the history of bitcoin, now the lens that we will look at it will be different but we know for a fact that he did something great. Stop dwelling too much on the thought that you spending your bitcoin and for the prices to go up after the fact is a bad thing, it's not your fault, and it's not like you know that the prices were going to go up after you've used it for some transactions.

No one can predict what the future will be like, even Satoshi must be surprised by the value of bitcoin today. If you can hold bitcoins for a long time that's good for you, but spending bitcoins is also good for you because it benefits you. I don't regret spending my bitcoins for life, as it is serving my life well.

[loopes]

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.

actually, every one has their own choices with different reasons to use bitcoin as daily use payment. In my point of view, i choose to store bitcoin in my wallet (holding) and some of my bitcoin to be traded on short trading, then after i get some profit i usually withdrew the bitcoin to my fiat before use it for payment on daily purchasing.

Nothing wrong with laszlo that he bought pizza for 10.000 btc, it was his choice to do it. No one knows exactly what will happen in the future including the price of bitcoin will rise or drop.

[Faisal2202]

I always remember the guy who spent 30+ bitcoins on pizza

What are your thoughts about this?

I think you are talking about Laszlo Hanyecz, he did not sold 30+ BTC to buy two pizza actually he sold 10,000 BTC to buy 2 pizza. I want to shed some more light on this for your understanding, he made an offer to sell his 10k BTC for 2 pizzas on this Forum (bitcointalk)! Isn't it awesome. Here. Now coming to your query, if you have such big amount of BTC in your hands then i prefer to not use them for daily expenses. Because in this way you can not make big money but if you have some 0.004 or 0.0004 BTC than My friend do not worry about your future because this amount ain't going to bright it up. Hehe

(No offense) Actually, back in 2010 the price of these 10,000 btc were around $40 dollars and if we buy $40 dollars of BTC today you will get around 0.0013 maybe. To make big money like Laszlo Hanyecz could have made, you need pile of BTC not small amounts. But, if you do have pile of Bitcoins than my advice for you to, not use them.

For myself, i have few dollars in BTC and i do not even want to change them in fiat even though i know at most, if the BTC hit $100,000, i  will make around $450-$480 dollars in profit. That's not a good profit for such a big timespan but something is better from nothing.

[Mauser]

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 feel very similar to you about paying online with BTC. Due to the high volatility in the Bitcoin market I try to avoid using my precious coins as much as possible. When I first started out with Bitcoins I used them for all my purchases. That was probably my biggest investing mistake, I wish I would have held all my coins and paid in Fiat or stablecoins instead. The problem with paying in Bitcoins when the price is at 10 or 20,000 USD is that you will feel bad once the price rises. The same goes for using my bitcoins for gambling, I don't really deposit money anymore with BTC. In the past I also used crypto coins to deposit money quickly at the casino, but now I prefer to stick to using Fiat money to deposit and withdraw in crypto currencies.

[Patrol69]

The person who bought only one pizza with a large amount of bitcoins because bitcoins had no value in the market at that time and the person did not know that the value of a bitcoin could increase so much later. If he had the slightest idea about it, he would never have done such a thing. His transaction is still in history. 

But you make a valid point here. You mean,
"we are transacting through Bitcoin in our daily life so we are paying more than the fixed price". Because we are currently trading according to the market price of Bitcoin. When the value of these bitcoins increases, we may regret it like the person who bought a pizza with a large amount of bitcoins. 

So we should be careful about this in advance. We can hold the amount of bitcoins we have for a certain period of time.  And daily necessary transactions we can do with different stable coins. So that the profit remains with us if the value of Bitcoin increases later.

[Ojima-ojo]

Bitcoin for payments is one of the primary functions why Satoshi develop Bitcoin in the first place, this is included in the Bitcoin whitepaper was Satoshi mentioned Bitcoin to be an electronic online payment which is why we advocate for Bitcoin-wide adoption.


I understand your feelings, concerning paying with Bitcoin this is because you are an inventor and that investor mindset has made it easy for you to spend more fait and stocking of Bitcoin for future gains.

[bakasabo]

OP, it depends on your goals and the type of investor you are. I you feel bad for paying in Bitcoin, because you regret missing a chance to pay lower in future or sell those Bitcoin for a higher price, then welcome to complete holders club. But my advice would ne to stop regretting of feeling bad for things you did (if we talk about good deeds and non criminal). Feel shame, bad, uncomfortable for nothing. This is your life and you have only one of it. You will never get an experience or emotion if you havent tried. If you will feel bad for every missed opportunity you had and will have, your head will explode. I dont think that Laszlo still regret for paying so much for pizza. I bet that pizza tasted good and right now he is having good life either, with or without those 30+ BTC.

[Minecache]

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.

actually, every one have their own choice with different reasons to use bitcoin as daily use payment. In my point of view, i choose to store bitcoin in my wallet (holding) and some of my bitcoin will be traded on short trading, then after i get some profit i usually withdrew the btc to fiat before use for payment on daily purchasing. 

Nothing wrong with laszlo that he bought pizza for 10.000 btc, it was his choice to do it. No one knows exactly what will happen in the future including the price of bitcoin will rise or drop.

It is true that bitcoin has been generating profits for investors. But bitcoin was initially created as a means of payment, and it can still be used as a form of payment today. You are right, everyone has their own choice, not everyone considers bitcoin an investment, and many people are still using it daily instead of fiat. So there's nothing wrong with someone buying Pizza with bitcoin or using bitcoin for everyday spending. Bitcoin is very flexible, and what we use it for is up to each person, no one is wrong, and no one is right here.

[octobuzz]

I admit making payments with BTC might be a bit uncomfortable sometimes considering the it's volatile state in the market. Knowing that you can sell for a higher price could be so painful at times.

Nevertheless, Bitcoin's sole purpose is to give financial freedom and not necessarily a means of making profit. Just as you would use any other currency, Bitcoin was created to do the same. However, in a more decentralized way, thereby making you free from the constraints of bank and the government.

In my opinion, BTC should be used more in making payments. I believe this would make people comfortable while using it for payments.

[bangjoe]

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 feel the same way when I make transactions with bitcoin, the feeling of not wanting to lose bitcoin and being used to treating bitcoin as an investment asset for the future makes me feel uncomfortable when the bitcoin that I have is used as a medium of exchange, I think this depends on myself and how does someone treat bitcoin, especially when the market is bad or the buying price of bitcoin is much higher than today's bitcoin price, it will be a big trauma for me even though basically bitcoin is created as a better alternative currency.

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 think his orientation is not fixated on the sentence number of bitcoins, it's just that maybe the OP thinks that the bitcoin he treats bitcoin is like an investment asset for the future which may have a higher price than today and make him feel bad if he loses bitcoins because of today's transactions .

[danadc]

I admit making payments with BTC might be a bit uncomfortable sometimes considering the it's volatile state in the market. Knowing that you can sell for a higher price could be so painful at times.

Nevertheless, Bitcoin's sole purpose is to give financial freedom and not necessarily a means of making profit. Just as you would use any other currency, Bitcoin was created to do the same. However, in a more decentralized way, thereby making you free from the constraints of bank and the government.

In my opinion, BTC should be used more in making payments. I believe this would make people comfortable while using it for payments.

I have not been able to make payments with btc, I have a special card to make those payments, but I have not done it because somehow they ask for my ID and I do not like that, I am not from the country where I am, I do not want them to file me to pay Very costly taxes, so what I did was transfer it to a wallet that I downloaded and have on my cell phone but I haven't used it, the most likely thing is that they ask for identification and that is something that I would no longer do, so I prefer to use other things, and Obviously fiat money, but that's my fear, I don't know if it's like that in other countries.

[GigaBit]

I don't know anything about buying pizza with 30 bitcoins but we all heard the story of buying pizza with 10000 bitcoins. If you are a strong holder of Bitcoin then holding Bitcoin is important for you. But if your financial situation is not so good you have to convert bitcoins to fiat then there is no benefit. I am interested in paying BTC payment. I collect bitcoin separately for holding. In that case I have no concern about this payment method. When Bitcoin will be bullish, someone can feel bad emotionally. But it is impossible to reconcile emotion with reality.

[yazher]

Well, most people are not spending their bitcoins when the price is still recovering and they likely waiting for the price to rise until they decided to sell it to buy expensive things or properties just like the stories of the people who do that every bull runs. There are lots of successful stories regarding their selling of their bitcoins when the price is high and you find them extremely patient when it comes to holding their bitcoins and not getting any doubt with their plan when they see the price not moving at all.

[Distinctin]

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.

That should be the proper mindset of bitcoin hodlers as bitcoin is still intended to be spend so that it can act as a currency too, not just a long term investment forever. However, I also understand what OP feels since I was more like that before, but you know when you feel satisfied and fulfilled with what you purchase from bitcoin, getting uncomfortable or having regrets will be then impossible.

[Mate2237]

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.

 Many people don't understand how bitcoin was as of that time so when they heard that someone like Laszlo Hanyecz used 10 thousand bitcoin to buy 2 pizza as for then, the money is too big to buy the pizza. They have not considered how much was bitcoin as of then. They always thought of the present price of bitcoin. Therefore, using bitcoin to buy someone is different from what has been used in those years. Because in those days bitcoin was growing and now bitcoin is expanding to all corners in the world. So if I use bitcoin bitcoin to buy something in my area, I will feel happy.

[serjent05]

Laszlo didn't expect the prices to go that far though and it's not like he wasn't doing it for nothing, iirc he did it to prove that you can use bitcoin for basic transactions not to mention that he's already part of the history of bitcoin, now the lens that we will look at it will be different but we know for a fact that he did something great. Stop dwelling too much on the thought that you spending your bitcoin and for the prices to go up after the fact is a bad thing, it's not your fault, and it's not like you know that the prices were going to go up after you've used it for some transactions.

Most probably Laszlo was very happy spending those BTC for pizza during those times.  I bet anyone who holds BTC will also be happy if they are in Laszlo's shoes that time. 

Well, most people are not spending their bitcoins when the price is still recovering and they likely waiting for the price to rise until they decided to sell it to buy expensive things or properties just like the stories of the people who do that every bull runs. There are lots of successful stories regarding their selling of their bitcoins when the price is high and you find them extremely patient when it comes to holding their bitcoins and not getting any doubt with their plan when they see the price not moving at all.

Those people who do not touch their BTC are investors and use Bitcoin as a tradeable asset and not as currency.  Obviously, they will feel bad if they are forced to use their investment due to a lack of fiat currency funds.  But for those who look at Bitcoin as a currency, will be happy to find merchants where they can pay in BTC.  I am one of these kinds of people that don't feel bad paying with BTC.

[MFahad]

Actually that person was unaware of the highest worth of bitcoin that time and now a days everyone is familiar with the bitcoin price and worth and people will not accept the same thing. Paying with bitcoin is not bad thing but this year everyone knows very well that in future bitcoin will be more useful therefore they always prefer bitcoin to be stored for longer time than paying with it.

Bitcoin in both way are beneficial so we cannot ignore the reality and uses of bitcoin but it depends on a mind of holders because he will have think about his investment, profit, losses and about upcoming plans.

[tread93]

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.

Personally it has to be something truly amazing before I am going to spend scarce bitcoin on. In this case, I am actually facing a condition that meets these qualifications and I am buying a ticket to the bitcoin miami conference with bitcoin. Personally I just think that is a cool way to spend it and I think it'll be worth every sat. Thats just my two sats though.

[ItsCrafty]

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.

Paying with btc is generally not bad idea. If you have money other than btc then of course paying with  stable coin is better. The problem will be only in one condition when you have only btc and no money other than btc to pay then there is two solution for you. You have to pay via btc or you have to take loan and hold your btc strongly. I will prefer first one.

If anyone have strong faith on Btc that it price will increase high then paying with btc is not good decision. The user who sold 10,000 btc for 2 Pizza had no faith on Btc that it Will go such a high price that he can buy many shop of Pizza if he hold for 13 years.