Do you feel bad while paying with BTC?

[rybako]

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 in a better situation than that guy who spent 30 bitcoin on pizza. So, keep spending bitcoins and also buying with bitcoins.

[Abiky]

You see, the problem is, bitcoin WAS created as a technology, as a solution to the banking problem. it wasn't created as an asset. It's people like you who want to make money out of it and think that it's just another stock to invest in.

But it's not true. Bitcoin, in its nature, is a revolutionary technology that can be used to change the world and the banking system as we know it. But somehow people just ignore it and want to make a quick buck and keep holding their money in the bank letting it control them.

That's the point. Bitcoin was meant to be used as a currency for day-to-day payments independently from the banking system. Unfortunately, Wall Street saw an opportunity to make money with BTC and ruined its value proposition. This is why now the vast majority of people are only into Bitcoin to get rich quick. Any dip in price would cost BTC dearly in terms of mainstream adoption.

I've always said 1 BTC = 1 BTC no matter what. Why should we care about its value in Fiat terms anyways? Wasn't BTC created as an alternative to Fiat? The latter is bound to collapse due to rising inflation rates.

I'm waiting for the day when BTC is used as the standard unit of account. Goods and/or services will be valued in BTC terms instead of Fiat. With that, volatility will no longer become an issue. Merchants accepting BTC as payment method are increasing by the day, so it should only be a matter of time before "hyperbitcoinization" becomes a reality. Maybe BTC will become the world's reserve currency someday? Just my thoughts

[DisabledAF]

I tried to Pay with BTC (lightning network) only once for testing it. Because I have average buy like 40k USD. So there is no sense for me for now.
But i think, its really important to test it atleast. So I’m excited for times, when BTC price will be 60k +. Then I’ll buy Pizza with BTC (atleast 22 may)

[crypticj]

Unfortunately, Wall Street saw an opportunity to make money with BTC and ruined its value proposition.

Wasn't BTC created as an alternative to Fiat? The latter is bound to collapse due to rising inflation rates.

 Maybe BTC will become the world's reserve currency someday? Just my thoughts

Fully agree with you! It's a tragedy what is happening to Bitcoin right now and it's even sadder to see that our community is promoting this narrative that simply destroys the idea of Bitcoin.
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.

And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.

But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!

[kotajikikox]

I tried to Pay with BTC (lightning network) only once for testing it. Because I have average buy like 40k USD. So there is no sense for me for now.
But i think, its really important to test it atleast. So I’m excited for times, when BTC price will be 60k +. Then I’ll buy Pizza with BTC (atleast 22 may)

Thats a huge average mate , 40k per transaction damn so yeah there is no sense in Using Lightning Network then .

but  people like me and for those who had been transacting cheap daily then this is truly useful.

You're serious? Hahaha, Nice Joke, but that's a good motivation because you know this is an asset that will fly to the moon and the price can go higher than Elon Musk's Rocket . Well, I think the decision to pay with Bitcoin is a personal choice. Of course for any transactions we plan for payment items I believe someone  have prepared beforehand using stablecoins for example, unless there are no other options at the moment.

actually this is serious matter mate , because what an we expect from this coin if we will all just Hold it?
remember that for this to function there must be a using and yeah a buy and selling act .

[MoonOfLife]

I wonder when exactly we will start to treat as currency. I mean I obviously use it as currency

Bitcoin is already an unofficial currency, I mean, it is not accepted by the government, and we can also use it as a currency as long as there is an agreement between the two parties. But I also doubt that in the future, bitcoin is very unlikely to become the currency of the world. Countries have high inflation and devalued currencies, and they crave bitcoin because of its deflationary nature. But for countries with strong and stable economies, I don't think they want bitcoin to be the currency. So bitcoin may be the currency in some countries but not globally.

[gabbie2010]

bitcoin is not suitable to be used as a means of payment like fiat, bitcoin is more suitable to be used as an asset.
if you make bitcoin as a means of payment when will you get the benefits, if in my country someone wants to accept bitcoin as a means of payment I will not do it.

The issue of slow transaction and high transaction fees just like recent upsurge in Ordinance which resulted to high transaction fee of sending Bitcoin even makes it more difficult in using Bitcoin as a means of payment, that is why a lot of Bitcoin enthusiast preferred it as an asset , however there are some businesses that allows payment with Bitcoin thus I don't see any reason to reject such an offer in payment for either a goods or services provided that I have other means of replacing the spent Bitcoin, however if there isn't any means of replacing my Bitcoin I won't use that means I would rather keep my Bitcoin as an asset while utilizing other payment method.

[DisabledAF]

Thats a huge average mate , 40k per transaction damn so yeah there is no sense in Using Lightning Network then .

but  people like me and for those who had been transacting cheap daily then this is truly useful.

I watched CoinMarketCap, i lied, my average buy price is 34k, anyway still high. I'm one of the FOMO guys, who bought for 3k euros (my money saved for long time) at 53k + But actually I'm DCA. And I'm closing the gap between first buy.
And I hope, atleast 6 months I can DCA in this price. Please, BTC GOD, give me a little bit time.

[initim]

Paying with Bitcoin is a choice really but if you aren't comfortable paying with Bitcoin because you think that you might be paying more, why not liquidate the coin to your legal tender and pay? Also, remember that at that particular period, you may be paying more or lesser using Bitcoin because its price is not static. 
My concern now is that if we then shy away from paying with Bitcoin, how do we create more awareness, adaptability, and acceptance of this coin? I will conclude by saying use your Bitcoin diplomatically.

[crypticj]

Bitcoin is already an unofficial currency,

Yes!
Some people use it as a currency, but if we want to see mass Bitcoin adoption, to be able to pay with it everywhere and not just in a few stores, we need to understand that it can't be just an asset to most people.

I honestly don't know how to solve this problem, but from what I see, people won't be using bitcoin as money as long as it's an asset that is dumped 3 times a week.

I'm afraid that soon no one will talk about bitcoin as a technology, but as a cool asset to trade to get a quick buck and then sell and wait for it to go down again. That way, it will never be even close to 'stability'.

[Abiky]

Fully agree with you! It's a tragedy what is happening to Bitcoin right now and it's even sadder to see that our community is promoting this narrative that simply destroys the idea of Bitcoin.
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.

And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.

But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!

Bitcoin being used as an investment than a currency is more beneficial to the government than all the other way around. Would you imagine people using it as a currency at a large scale? That would mean the end of Fiat currencies for good. And that's something the government doesn't want because it will remove their ability to take control over people's financial life. Don't expect things to change anytime soon, unless Fiat dies for good.

With the world stuck to the Fiat standard, volatility can't be avoided. BTC will continue to experience "ups and downs" during the course of its lifetime. At least, you're free to use it the way you want to. Adoption for the cryptocurrency is growing by the day, so it should only be a matter of time before it takes the world by storm. Just my opinion

[Lorence.xD]

Bitcoin is already an unofficial currency,

Yes!
Some people use it as a currency, but if we want to see mass Bitcoin adoption, to be able to pay with it everywhere and not just in a few stores, we need to understand that it can't be just an asset to most people.

I honestly don't know how to solve this problem, but from what I see, people won't be using bitcoin as money as long as it's an asset that is dumped 3 times a week.

I'm afraid that soon no one will talk about bitcoin as a technology, but as a cool asset to trade to get a quick buck and then sell and wait for it to go down again. That way, it will never be even close to 'stability'.

Exactly, Bitcoin just stands for an alternative currency for some people especially to it's users. We couldn't just expect people to understand how to have an transaction using Bitcoin since they are not widely known yet. I think as long as fiat money exist, bitcoin wouldn't be used as currency since despite the convenience Bitcoin gives you still have to use technology to transact unlike trading of paper money as payments to any store. Plus people already adapted for a long time using fiat money as transactions so it Bitcoin became a currency where most people use, then probably there's something wrong in the economic status of a country.

[someone703]

I think bitcoin's purpose is now more as an investment asset than as a transactional currency. It is also true that the government restricts it and makes it inaccessible to the public. Sanctions on the economy also have a significant impact on it, so it can be seen that gas fees have increased and the transaction speed has slowed down. But positively speaking, from the time bitcoin was born until now, its impact on other traditional assets has been huge. The fact that inflation is trying to kill fiat money is an opportunity for bitcoin to rise and become a new force in the economy.

[DanWalker]

Bitcoin is already an unofficial currency,

Yes!
Some people use it as a currency, but if we want to see mass Bitcoin adoption, to be able to pay with it everywhere and not just in a few stores, we need to understand that it can't be just an asset to most people.

I honestly don't know how to solve this problem, but from what I see, people won't be using bitcoin as money as long as it's an asset that is dumped 3 times a week.

I'm afraid that soon no one will talk about bitcoin as a technology, but as a cool asset to trade to get a quick buck and then sell and wait for it to go down again. That way, it will never be even close to 'stability'.

Exactly, Bitcoin just stands for an alternative currency for some people especially to it's users. We couldn't just expect people to understand how to have an transaction using Bitcoin since they are not widely known yet. I think as long as fiat money exist, bitcoin wouldn't be used as currency since despite the convenience Bitcoin gives you still have to use technology to transact unlike trading of paper money as payments to any store. Plus people already adapted for a long time using fiat money as transactions so it Bitcoin became a currency where most people use, then probably there's something wrong in the economic status of a country.

In the case that even if fiat disappears, bitcoin cannot become the world currency. The government will create a new currency to replace fiat, they will never accept a currency that is not under their control. Strictly speaking, as long as the government controls this world by centralization, they will never allow a decentralized system to be used universally.

I'm afraid that soon no one will talk about bitcoin as a technology

@crypticj, you are wrong, even if bitcoin has become a speculative asset, it still has its technology and people still use it because of its anonymity and decentralization and not just for the profit it brings.

[erixter]

I think bitcoin's purpose is now more as an investment asset than as a transactional currency. It is also true that the government restricts it and makes it inaccessible to the public. Sanctions on the economy also have a significant impact on it, so it can be seen that gas fees have increased and the transaction speed has slowed down. But positively speaking, from the time bitcoin was born until now, its impact on other traditional assets has been huge. The fact that inflation is trying to kill fiat money is an opportunity for bitcoin to rise and become a new force in the economy.

I agree with your arguments with the captioned subject. Although, it is important to adapt to the changing conditions and business requirements of the present time.  On this matter and the trading strategy, there is still much work to be done. Mainly it depends upon the economic stability of a country and the policies which governs by the government about the free trade of cryptos. It is quite easy way to pay BTC against your needs and requirements. What we need now is to move away from traditional requirements and turn to advanced system.  If it became legal in under developed countries, it will be convenient to pay BTC.

[Kid4U]

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 best decision for yours and for all to follow, because accumulating Bitcoin with time to time and then save and hold it for long time will worth and the reason is rise in price of Bitcoin with times.
Not paying Bitcoin for buying any small item will not benefits you because one reason you alredy explained above that the amount of Bitcoin we pay today will worth more in future, while the second is that when you bought an item price of 5$ with Bitcoin then you will pay alot fees too, so you should avoid buying things with Bitcoin

[Fivestar4everMVP]

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 best decision for yours and for all to follow, because accumulating Bitcoin with time to time and then save and hold it for long time will worth and the reason is rise in price of Bitcoin with times.
Not paying Bitcoin for buying any small item will not benefits you because one reason you alredy explained above that the amount of Bitcoin we pay today will worth more in future, while the second is that when you bought an item price of 5$ with Bitcoin then you will pay alot fees too, so you should avoid buying things with Bitcoin

You are sure right, but like it's said, that beauty is in the eyes of its beholder, it is up to me to decide to pay with Bitcoin or not, when I purchase an item, like you rightly pointed out, buying a $5 item and paying in bitcoin is really a waste of your precious bitcoin, because the network fees is way expensive for such a small transaction..

But then buying items worth hundreds of dollars, or maybe, thousands, is definitely worth paying in bitcoin is the purchaser choose to, like some time last year when I bought a motor bike, I had a network issue when I wanted to make transfer from my local bank to the seller bank, the motor bike cost around $680 dollars, and luckily for me, the seller was willing to accept bitcoin payment, and I easily sent him that amount in bitcoin with a fee less than $1 dollar, and in matter of about a minute or two, the transaction was confirmed and I left the place.

So it is not a bad thing to buy items and pay with Bitcoin, but the worth of the item is what really matters.

[Dr.Bitcoin_Strange]

My concern now is that if we then shy away from paying with Bitcoin, how do we create more awareness, adaptability, and acceptance of this coin? I will conclude by saying use your Bitcoin diplomatically.

No, who will shay away is just someone who never intended to spend their Bitcoin, but maybe due to the situation they find themselves in, they just have no option but to spend it. That's what makes some people shy away from it. There are different kinds of investors in the Bitcoin space; some people have a hot wallet where they have some Bitcoin that they spend more often, either for trade or other kinds of transactions. They also have their cold wallet," where they store a significant amount of Bitcoin that they don't touch. But most Bitcoiners have not grown to have a lot of Bitcoin, wanting to spend the little one they have is not an option. So, that's why you see some people not happy spending their Bitcoin.

[serjent05]

I generally feel bad when I need to pay with Bitcoin. Who would like to pay with something which is not deflationary. My country's currency (Turkish lira) keeps losing so much value that its best thing to pay with it. I love it when people sell me their Bitcoin for my Turkish lira (better experience than exchanges). I wonder when exactly we will start to treat as currency. I mean I obviously use it as currency - but its unfavored option for me to buy things with it - so I guess it will take years and years to come so many people will adopt it, its price will be stable so it will become very nice currency.

I think the emotion depends on how a person looks at Bitcoin.  For me, I feel nothing but being fulfilled when I spend Bitcoin.  I feel that I am helping the economics of Bitcoin and the merchant adoption since I am able to particpate in global economics of Bitcoin.  I always think that when people use Bitcoin to pay for their goods, it helps Bitcoin to establish its market and its usage as a mode of payment.

Bitcoin is not created to be hoarded but due to its increasing price people forget the true purpose of what Bitcoin is created.

[mendace]

No, who will shay away is just someone who never intended to spend their Bitcoin, but maybe due to the situation they find themselves in, they just have no option but to spend it. That's what makes some people shy away from it. There are different kinds of investors in the Bitcoin space; some people have a hot wallet where they have some Bitcoin that they spend more often, either for trade or other kinds of transactions. They also have their cold wallet," where they store a significant amount of Bitcoin that they don't touch. But most Bitcoiners have not grown to have a lot of Bitcoin, wanting to spend the little one they have is not an option. So, that's why you see some people not happy spending their Bitcoin.

I think not spending your Bitcoins and holding them as if they were the last thing you want to get rid of is the most wrong thing to do because if the goal is to be able to spend them one day then how can we expect this to happen if it's not us the first to do it?  And also spinning many Bitcoins would also help the growth of the network.