Bitcoin: ways in which you can use bitcoin in different instances.

[SamReomo]

Question 1
Would you prefer to pay with Bitcoin whose price is about $43K, or you would prefer to pay with a particular coin whose price is about 50cents ?.

I would prefer to pay with a coin like LiteCoin instead of Bitcoin in that scenario because it's not worth it to pay with Bitcoin on such matter because of the high transactions fees of the market. I;m also sure that such merchants should also accept coins like Lite Coin and stable coins and that's why I would either go with Lite Coin or some Stable coin.

Question 2
Give your explanation on why you made such decision.

I made that decision because I don't want to pay more Bitcoin with those extra fees and would love to go with a coin that may not have high fees. Another reason is that I find Bitcoin more as an asset nowadays then as a payment solution.

Question 3
Did you use a reasonable approach in making such decision or it was based on choice ?.

Of course I have made a reasonable approach rather than making such decision based on my choice. I don't think it's worth it anymore to spend Bitcoin for small transactions. It's way better to use an altcoin for such transactions.

[Tribalchief]

Question 1
Would you prefer to pay with Bitcoin whose price is about $43K, or you would prefer to pay with a particular coin whose price is about 50cents ?.

I would prefer to pay with a coin like LiteCoin instead of Bitcoin in that scenario because it's not worth it to pay with Bitcoin on such matter because of the high transactions fees of the market. I;m also sure that such merchants should also accept coins like Lite Coin and stable coins and that's why I would either go with Lite Coin or some Stable coin.

Question 2
Give your explanation on why you made such decision.

I made that decision because I don't want to pay more Bitcoin with those extra fees and would love to go with a coin that may not have high fees. Another reason is that I find Bitcoin more as an asset nowadays then as a payment solution.

Question 3
Did you use a reasonable approach in making such decision or it was based on choice ?.

Of course I have made a reasonable approach rather than making such decision based on my choice. I don't think it's worth it anymore to spend Bitcoin for small transactions. It's way better to use an altcoin for such transactions.

What a smart thinking! In addition to its fast transaction speed, Litecoin also offers low transaction fees, making it an excellent choice for payments, as you've mentioned. It would make more sense if businesses create a space where a majority of these cryptocurrencies are accepted, not just Bitcoin.

[SamReomo]

What a smart thinking! In addition to its fast transaction speed, Litecoin also offers low transaction fees, making it an excellent choice for payments, as you've mentioned. It would make more sense if businesses create a space where a majority of these cryptocurrencies are accepted, not just Bitcoin.

Thanks for the appreciation, Yeah, LiteCoin offers very low transaction fees as compare to Bitcoin and most of the times the network of LiteCoin is also safe from congestion. Although, I have heard that people are tying to inscribe ordinals on LiteCoin but so far its network hasn't been affected a lot.

[ABCbits]

Question 1
Would you prefer to pay with Bitcoin whose price is about $43K, or you would prefer to pay with a particular coin whose price is about 50cents ?.

First instance: Bitcoin
Second instance: Bitcoin

Question 2
Give your explanation on why you made such decision.

First instance: If the merchant bother coin with low base price, i assume they also accept Bitcoin on Lightning Network or sidechain where i can avoid relative high Bitcoin TX fee for $5 coffee.
Second instance: Bitcoin TX fee (on-chain) doesn't really matter when i plan to send $300K. Besides, it'll encourage the seller to continue accept Bitcoin.

Question 3
Did you use a reasonable approach in making such decision or it was based on choice ?.

Mostly based on my choice.

[Shahinaz]

I never spend my bitcoins in real life like buying coffee with bitcoins, where my identity will be discovered if I have bitcoins, it's too risky and I think it's too much to just buy coffee with btc,
I'd rather buy with fiat

[retreat]

Unfortunately, in my country, Bitcoin cannot be used as a legal payment method, because after all it is regulated that the only means of payment or money is real fiat from my country. So it is not permitted for currencies other than Rupiah in my country, such as dollars, Bitcoin and various types of altcoins. So it looks like I still can't use it for some transaction needs at this time. But who knows for the future. because sometimes the rules can change as time goes by and the times develop.

I think that our government will not allow that Bitcoin will be able to replace the Rupiah as a currency in daily transactions, because that would disrupt the Rupiah currency and it might cause other problems. But I think that it doesn't really matter that Bitcoin cannot be accepted as legal tender in our country, as long as Bitcoin can still be traded freely on exchanges.

[dekafee79]

I never spend my bitcoins in real life like buying coffee with bitcoins, where my identity will be discovered if I have bitcoins, it's too risky and I think it's too much to just buy coffee with btc,
I'd rather buy with fiat

Your country don't allow Bitcoin as payment, it's the reason you never spend Bitcoin to buy coffee. Several countries also same like your country,  Crypto just for investment , not for payment. Maybe at yeh coming future crypto especially Bitcoin could be payment method

[Dor@]

I never spend my bitcoins in real life like buying coffee with bitcoins, where my identity will be discovered if I have bitcoins, it's too risky and I think it's too much to just buy coffee with btc,
I'd rather buy with fiat

If your country's government has legalized Bitcoin or Bitcoin currency is in circulation, of course you can buy coffee and tea with Bitcoin currency as much as you like. If you think that you can not drink tea or coffee with your bitcoins, that is your own choice. As the government of our country has not legalized bitcoins, we do not have the option to spend tea and coffee if we want. People in countries where Bitcoin is legal can buy and sell anything they want using Bitcoin currency.

[Mr.suevie]

The major reason for the creation of Bitcoin was to fill the gap of p2p transaction where as it can be used International across all country, but currently the government are fighting again the use of crypto currency, unknown to them that bitcoin can even save them some trouble In the FX market. Just as El Salvador uses  Bitcoin as a legal tender for buying and selling, that the dream Satoshi had when he thought of creating Bitcoin. However alone the line the scarcity and limited supply of the coin has made it an asset for investment, and majority of persons prefer staking their Bitcoin for a long period of time so that it'll gain value, while they prefer to use other altcoins for p2p transactions. I prefer using my altcoins toake such payments rather than using my Bitcoin.