Would u pay in bitcoin?

[giveBTCpls]

It's important that the money flows and not 100% is in cold storage. Unforotunately I dont have much so I havent done any groceries with something that could very well be worth millions a couple years, but I try to spend a couple satos in this and that to contribute.

[1714065370]

1714065370

[STT]

Suppose a wife spends today  0.25 BTC for a pair of shoe, and after a few days the BTC value doubles or triples... The husband will kill her! 😁😁😁

Dollars can go up in value too though and have recently.   The swiss have a law soon to pass where 20% of their notes will be backed by gold, so should none of their population spend till they know the results.   In Norway the currency is backed by about 200k per person I think, because of their oil.  So their currency could also double, certainly vs Dollar and its endless trillions of debt.

The husband should try to earn some cash in btc not just hold it, that would be the best thing.   Till people really demand to be given BTC in exchange for their labour, skills or commodities we wont see the real economic picture for crypto play out.  Its a bit of a chicken and egg situation

[giveBTCpls]

Hoarding (saving) is actually a good thing. It's what gives a currency its value. If everyone is always spending their money, the money becomes worthless because nobody wants it. So the goal should be to get more people to save, because that increases the depth of the Bitcoin markets, and allows more capital (read: value) to flow through them. Currently the Bitcoin markets are actually rather shallow. They only allow a dozen million dollars' worth of value to flow through per day. With more hoarding, that number can skyrocket to billions of dollars per day. Of course, like I said, you shouldn't hoard 100% of it obviously.

[truehold3r]

I'm currently saving in bitcoins all what I earn, waiting for the next rally.

[ruthless09]

Hoarding (saving) is actually a good thing. It's what gives a currency its value. If everyone is always spending their money, the money becomes worthless because nobody wants it. So the goal should be to get more people to save, because that increases the depth of the Bitcoin markets, and allows more capital (read: value) to flow through them. Currently the Bitcoin markets are actually rather shallow. They only allow a dozen million dollars' worth of value to flow through per day. With more hoarding, that number can skyrocket to billions of dollars per day. Of course, like I said, you shouldn't hoard 100% of it obviously.

You actually have this backwards. If no one spends any bitcoin then there is nothing that would give it any value. There is no reason why everyone would want to buy bitcoin for the sole purpose of it increasing in value.

If there is a vibrant bitcoin related economy on the other hand then people will buy bitcoin with the intention of being able to spend it with lower costs then if they had spent money in other ways (via credit card or WU for example)

[OrientA]

I have paid BTC to buy something. BTC will only grow as adoption grows.

[tinkersay]

That is the main idea there. In the future, I want to pay in bitcoin too

[cryptozio]

I won't pay in bitcoin untill its value will be around 5000 dollars, the are currently too much undervalued.

[OrientA]

I won't pay in bitcoin untill its value will be around 5000 dollars, the are currently too much undervalued.

That will be in two to five years.

[arcanum]

People is not gonna buy nachos with an investment (its what it is now because you are risking fiat money to own btc, unless you are the lucky ones in big signature campaings or something, or obviously you got a shit ton in the early days).

[Gogreen]

Yes I save and spent small amount to buy coffee or breafast

[leannemckim46]

People is not gonna buy nachos with an investment (its what it is now because you are risking fiat money to own btc, unless you are the lucky ones in big signature campaings or something, or obviously you got a shit ton in the early days).

People who think that bitcoin is an "investment" are acting recklessly with their money. What you are essentially doing is encouraging people to not spend their bitcoin and to instead hoard, which is very bad for bitcoin over the long term because it means the overall bitcoin economy is lower then it otherwise would be

[Triple]

I would totally create a wallet and buy it at a lower price. It takes literally seconds to set up a wallet.

[STT]

encouraging people to not spend their bitcoin and to instead hoard, which is very bad for bitcoin over the long term because it means the overall bitcoin economy is lower then it otherwise would be

I dont know why people are so singular minded, if dollars can be saved and also used, spent and earnt all at the same time.   Why would anyone describe BTC as too precious to use, keep some back if you like but its supposed to be spent.       I use BTC when its available instead of cash, think of it as supporting the company you buy from because it should be lower cost then credit cards.   So you are giving profit to companies which have taken the bother to use BTC and you have avoided VISA and ultimately the whole big bank leveraged up house of cards which is going to collapse one day, sooner we start on alternatives the better

[botany]

encouraging people to not spend their bitcoin and to instead hoard, which is very bad for bitcoin over the long term because it means the overall bitcoin economy is lower then it otherwise would be

I dont know why people are so singular minded, if dollars can be saved and also used, spent and earnt all at the same time.   Why would anyone describe BTC as too precious to use, keep some back if you like but its supposed to be spent.       I use BTC when its available instead of cash, think of it as supporting the company you buy from because it should be lower cost then credit cards.   So you are giving profit to companies which have taken the bother to use BTC and you have avoided VISA and ultimately the whole big bank leveraged up house of cards which is going to collapse one day, sooner we start on alternatives the better

I guess when companies start making payments to their employees in bitcoins (as overstock plans to), people will start spending their bitcoins freely.

[Borisz]

I personally would buy it with coins for a cheaper price.

The only thing I still don't like is that its still relatively hard/complicated to buy bitcoins. If I want to make a bank transfer to an exchange I need to send a minimum of X thousand €/$ or use a third party exchange where I have to do the same with extra authentication process that takes who knows how long. Seriously, why can't I just send 100-200$ to an exchange and buy coins? (Off-topic maybe, what's the easiest way to do it in small steps like 100-200$?)

[mustang77]

As of right now, nope. Not enough btc. It would be like owning 1 once of gold and buying with it.

[STT]

Buy from people directly and you can buy small amounts I think Borisz, try local bitcoin or I guess there must be other places that give small amounts

[Borisz]

Buy from people directly and you can buy small amounts I think Borisz, try local bitcoin or I guess there must be other places that give small amounts

Thanks! I will see if I can find some smaller exchanges (?) or alternatives. Localbitcoins is cool, unfortunately I live at a place where there are no sellers nearby...

[jangandusta]

there's nothing stops me to pay with btc