Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Lucius on October 23, 2024, 03:45:57 PM
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It's no secret that Bitcoin is increasingly moving away from the idea of a cryptocurrency in the direction of an investment asset, especially since companies offering spot ETFs started trading with it. It seems to me that there is a similar attitude among small investors, so I am interested in whether the members of this forum use Bitcoin only as an investment in the sense of "buy cheap, sell high", or there are also those who from time to time pay for some digital services with BTC or buy physical things.
I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
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Nice thread Lucius. I actually voted for the very first option ( I have done it many times, and I still do it.) well I kinda use bitcoin for both investment in the form of Hodling and also spending too i spend with bitcoin more often than i actually do with other stable crypto currencies like USDT as well as other altcoins. However some cases I can't spend directly I'll have to swap to fiat.
The idea of spending bitcoin is easier in some countries and regions is easier than in some others because of certain rules and regulations that may be put up by the government against crypto currencies. Sometimes when fees are high spending too can be difficult since lightning payments aren't common over here.
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Nice one Lucius!
I'm a hodler of BTC, it's hard to me to sell my BTC, but I do some transactions from time to time like a currency
For example, I do some raffles and pay in BTC, I use BTC to send money to a bet company, sometimes I buy a gift card to use to order some food or to use in Uber
But in my country is almost impossible to find anything to buy with BTC
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The main reason I have bitcoin is because I use it as an investment. I do not want to use it as a currency but there are sometimes that I see it as a means of payment and also when I want to send money to someone, I make use of it as a currency at that time. But my focus is still as investment.
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I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
I have had the opportunity to pay a service in Bitcoin but I didn't because cheaters are much in the business of crypto due to rates conversion. When you try to buy something from them and decide to pay in Bitcoin, they will accept but will give you low conversion rate so they can take more Bitcoin from you which is see as dishonesty and scam tricks by people.
I still prefer Bitcoin as investment, if I'm in desire need of fiat currency I will sell the one I need incase I don't have cash with me and buy what I need in local currency, it will save me the noise of convincing someone to accept Bitcoin especially when it's not a legal tender here in my country.
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The main reason I have bitcoin is because I use it as an investment. I do not want to use it as a currency but there are sometimes that I see it as a means of payment and also when I want to send money to someone, I make use of it as a currency at that time. But my focus is still as investment.
Same goes for me. I don't use bitcoin as a currency because bitcoin is still illegal in my country so I can't buy any goods with bitcoin. Only invest here for the purpose of profit. Because we know the history of Bitcoin, we can invest in it with confidence that the long-term investment will definitely have a higher profit potential than other physical and digital assets. Because Bitcoin is the only digital currency that pumps double or more than its previous ATH every halving. so investing during the dip in Bitcoin can make a very good profit. that's why I always like to invest in Bitcoin
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I never bought something with bitcoin directly or via P2P. I had to sell for fiat first or use a platform that automatically converts it and then pay the vendors. That is probably the usual route for us here because, despite the increased popularity, there is still limited number of stores that accepts BTC as mode of payment.
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Bitcoin to me have been used over time for both, i use it as a currency and am still investing on it because of the way it has always appeared being a profitable currency.
Many would have also developed this kind of same mentality over the use of bitcoin, but they may not really picture it from the same idea or approach some of us are using it, but on a basic level and terms, bitcoin is best used for these two major purposes.
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Yes, I am also agree to your comment. I am also use bitcoin price by currency. Because i am also buy my some essential things to bitcoin price. Because bitcoin price can give us this opportunity to sell in cryptocurrency market. But if we follow in cryptocurrency market we can see that, bitcoin is also a best profitable crypto for our investment. Many bitcoin users could invest bitcoin for more profitable. So i think that in this reason bitcoin will also be best investment sites for users. So overall we believe that bitcoin will be a currency and also our investment source in cryptocurrency world.
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Right now, I am keeping tight my so small hoard of Bitcoin more like an investment and I would never use it to buy anything online or offline as I can really feel that soon there can be a big push for its price. So I become like an speculative monster as of this time of the year. Now, in the past, I used Bitcoin to buy something or to enroll into a program online...back on those time when the price was just in $500 and later at $3000...just imagine if I just kept by BTC back then and never let go of them I could have now claimed to be a little bit RICH and could have used the money to invest in real estate and can have my own farm too (in my country, not in yours where real estate can already be astronomically beyond the rich of the poor guy like me). Certainly, I will never use my hard-earned BTC just to drink a cup of coffee or to buy some groceries somewhere...doing so can be a big sacrilege to Bitcoin (just my feeling, anyway).
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Bitcoin to me have been used over time for both, i use it as a currency and am still investing on it because of the way it has always appeared being a profitable currency.
Many would have also developed this kind of same mentality over the use of bitcoin, but they may not really picture it from the same idea or approach some of us are using it, but on a basic level and terms, bitcoin is best used for these two major purposes.
It may be used for both, indeed, me myself, I always used it as an investment, however, many times out there I would be offered BTC as a pay for a service.
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In some countries there is really no way to pay something with BTC, in others you can actually pay almost anything you want, although of course not directly but through payment processors that act as intermediaries. Considering the volatility, I think it's not such a bad option, because instead of having to convert BTC to fiat yourself and then make purchases with it, the payment processor does it for you.
For those who do not have the possibility to pay with BTC in their country, there are online stores that accept such payment, the only question is how much it pays for someone considering the postage, customs and taxes.
Who knows, maybe somewhere near you there is a store that accepts BTC - these are some links that might be useful to you.
BTCMap (https://btcmap.org/map)
SpendaBit (https://spendabit.co)
BitcoinWide (https://bitcoinwide.com)
+1 karmas sent ;)
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BTCMap (https://btcmap.org/map)
SpendaBit (https://spendabit.co)
BitcoinWide (https://bitcoinwide.com)
+1 karmas sent ;)
I didn't know about these 3 sites :D
I thought it was pretty cool, especially https://btcmap.org/
I managed to find 3 professionals who accept BTC in my city hehehe
As I said in the previous post, what helps me a lot are gift cards that you can easily buy with BTC and use in the services in your city, which usually have (Uber, delivery apps, Mc Donalds etc)
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In my country, it is illegal to use Bitcoin as a currency. We only can use Bitcoin as investment. So, it is impossible to use Bitcoin as a currency in real life here. Bitcoin is illegal to pay for services or goods. Here, the only legal currency is Rupiah, it is our currency. We are even unable to use dollars for paying anything. There should be a change in our laws to enable using Bitcoin as a currency. It looks like to not happen in the near future.
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In my country, it is illegal to use Bitcoin as a currency. We only can use Bitcoin as investment. So, it is impossible to use Bitcoin as a currency in real life here. Bitcoin is illegal to pay for services or goods. Here, the only legal currency is Rupiah, it is our currency. We are even unable to use dollars for paying anything. There should be a change in our laws to enable using Bitcoin as a currency. It looks like to not happen in the near future.
That is why the many countries already impose strict regulations on this currency which in fact decreases its use as a currency but the potential of this technology is really massive, which may be useful for the society. As of now, the only valid usage of Bitcoin is in the investment field, and for foreign exchange too, the rules are still rather stringent. This must be so for such a financial innovation to be experienced as a problem, particularly for those who wish to observe it grow in ordinary existence. Despite the fact, that it may seem that the regulation changes are quite remote, there is always the prospect that over time the realization of its benefits for increasing the number of people will gradually grow. Alone, we can only hope for the day when this is develop into a feed that people will notice and provide space in an attempt to improve the economy of society.
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Actually i would have loved to use Bitcoin but in my country it is illegal. But I just think business merchants should start using Bitcoin for purchase of their goods especially those who buy in bulk from outside of their countries.
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...
BTCMap (https://btcmap.org/map)
SpendaBit (https://spendabit.co)
BitcoinWide[/size] (https://bitcoinwide.com)
+1 karmas sent ;)
I didn't know about these 3 sites :D
I thought it was pretty cool, especially https://btcmap.org/
I managed to find 3 professionals who accept BTC in my city hehehe
That's great, sometimes people don't even know that there is someone in their environment who accepts BTC as a means of payment.
As I said in the previous post, what helps me a lot are gift cards that you can easily buy with BTC and use in the services in your city, which usually have (Uber, delivery apps, Mc Donalds etc)
It's always good to have more options to spend BTC if you can't pay directly with it - gift cards are not a bad option, but virtual crypto cards can also serve well, especially if they can be added to a digital wallet (Google/Apple Pay). If you have NFC on your smartphone, you can pay that way at any point of sale that has a POS device.
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Very few times because I didn't had the opportunity to spend Bitcoin as it is, but if I had then I won't hesitate to spend them instead of the paper money. Even though Bitcoin is gaining more investors but most of them were for wrong reasons which is invest and get rich but they fail to recognise the actual potential of decentralisation.
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It's no secret that Bitcoin is increasingly moving away from the idea of a cryptocurrency in the direction of an investment asset, especially since companies offering spot ETFs started trading with it. It seems to me that there is a similar attitude among small investors, so I am interested in whether the members of this forum use Bitcoin only as an investment in the sense of "buy cheap, sell high", or there are also those who from time to time pay for some digital services with BTC or buy physical things.
I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
You are lucky your country has all that merchants that supports Bitcoin payments but here in my country only few services that we are able to pay using Bitcoin only in specific places and that only works in physical stores not online. Some years ago I use it to buy something online but this time we need to convert to local currency first before the purchase.
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I used bitcoin as a digital currency to buy some of the other cryptocurrencies, which are known to give me future earnings that are nice savings. Although I'm also saving bitcoin, it's just that it's not my priority because other altcoins that are in the top market are my priority.
But this coming December I'm going to try to save bitcoin somehow, because right now I have a target quantity of altcoins, and once I achieve the numbers I need for other crypto assets, I'll be there in BTC, of course.
Modify message
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In the country where I come from, we don't normally use Bitcoin as a means of payment because there are not many, many shops or private firms that accept such, which makes most of us use Bitcoin mainly as investment assets for profit gains(buying at a low price and selling at a high price).
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Renewing the domain using Bitcoin many times is proof that I am using Bitcoin as a means of payment.
But of course in my own country it is not allowed and the Domain provider is also not from my country.
But for real offline payments, it has never been at all because it is limited by regulations that prohibit it.
Valid payments can only be made in Fiat currency and no other money.
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Actually i would have loved to use Bitcoin but in my country it is illegal. But I just think business merchants should start using Bitcoin for purchase of their goods especially those who buy in bulk from outside of their countries.
The same Bitcoin they claim to be illegal is what they also used as their other forms of investment, even the politicians that sponsors such bills of making Bitcoin to be illegal are using the same Bitcoin they are always complaining about but to masses it's not useful for them. I do say that we can see what politicians do behind bars, we will protest massively against them.
Even as Bitcoin seems to be illegal, unless you make it public. You can buy and use Bitcoin as your own form of investment and as long as there are people out there that want to trade them as medium of exchange, I don't think it should stop you.
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I regularly using bitcoin to pay my server's hosting, this monthly basis. Way back before, i regularly use it to buy steam wallet codes and other gaming gift cards, but now priorities changes lol. I won't let go the benefits of having it as an investments for future plans.
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I think it will be very cool to pay for goods with Bitcoin, but unfortunately for me, Bitcoin is
not generally used or accepted by business owners, so I only convert it to cash when need be. And besides, my government don't seem to have a clear rule on ground concerning crypto usage. But I think it might come in handy when I have plans to purchase something online.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
It is quite natural that we should hope for global legal tender status for Bitcoin, thinking of it primarily as an instrument of investment and medium of exchange value. Indeed, many countries are starting to embrace Bitcoin as a digital currency but the use of the decentralized currency is still restricted. The data provided by Chainalysis reveal that the overall crypto adoption has increased by more than 880% throughout 2021 and shows that people who expect traditional economy instability are interested in Bitcoin. The main issue is that governmental rules and requirements remain focused on the risk factors which include for example volatility and its influence on the economic environment. Yet, it is interesting to see that numerous countries are gradually opening their door to Bitcoin as an asset also that may create the basis for further progression of Bitcoin as an instrument in years to come.
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Looks like a lot of people use Bitcoin for payments. I'm a bit surprised by the result tbh, I thought people would keep it in their wallet and wait for the next bull run to sell them. Nice to see that, although the sample is limited and from the comments, it shows that the majority don't have the option to do that to begin with.
I think I've posted on different threads that I used Bitcoin to pay for stuff. Not locally though, since there's no way to do that. Mainly for digital services like VPNs, digital game top-ups, etc. I probably spend less than $20 for those, so it's not that much. Don't want to overspend and reduce my holdings at all.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
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Re: Do you use Bitcoin as a currency or just as an investment?
Both. I'm using it as an investment and as a currency.
I'm using Bitcoin as an investment where I'm holding Bitcoins and at the same time altcoins for the long term. I mean we know how profitable Bitcoin can be in the long run. We've seen Bitcoin's price doubled or even tripled in the span of 3-4 years - thing that other asset classes can't be done. On the other hand, I'm also using Bitcoin as a currency, but indirectly. What I mean is that I'm converting the Bitcoins that I'm getting into our local currency and from there, that's what we are using to pay bills, buy things online, etc. I don't know if there's any establishments or merchants near to us that are accepting Bitcoin as a mode of payment, but if there are, I will not be hesitating to use it.
Different people have different usage with Bitcoin. I guess what's important is that we are using it in anyway we wanted to. :)
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Actually i would have loved to use Bitcoin but in my country it is illegal. But I just think business merchants should start using Bitcoin for purchase of their goods especially those who buy in bulk from outside of their countries.
Still, most of the countries in the world do not allow the use of Bitcoin, which is why it is not possible for everyone to buy anything directly with Bitcoin. However, even if the governments don't allow it, slowly people are starting to use bitcoins without violating the government restrictions. What is difficult to do now will not be as difficult to do in the next few years if the government doesn't allow it Bitcoin usage will continue to grow. Bitcoin usage is also banned in my country but many people are secretly use it various purpose.
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Well, I have made plenty purchases with BTC and I continue to do so. I use it as an investment — BTC is first choice to transfer profits made from alts, but if I find BTC expensive then I would purchase stablecoins first and then buy Bitcoin with it.
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I see this as a nice thread since we can all share thoughts of bitcoin as a general method currency.
I personally have used bitcoin to pay for some services.Bitcoin as a method of payment is usually common in some parts of Nigeria.though i dont really know about outside.
Some people though still prefer to hold and sell which is more profitable and better off.
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If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far.
~snip~
An illusion was created that you can pay anywhere and buy anything for BTC in El Salvador, but that is simply not true because regardless of the fact that BTC is legal tender in that country, USD has also been legal tender for more than 20 years and the majority of the population still uses it.
If you look at the map of Europe on the map that shows the places available for paying BTC, you will see that, for example, countries like the Czech Republic and Slovakia have almost twice as many such places as the whole of El Salvador, and that, for example, neighboring Guatemala has about 50% of such places compared to El Salvador regardless of the fact that Bitcoin is not legal tender in that country.
Simply put, Bitcoin does not need to be legal tender in order to be accepted and there is evidence for this all over the world.
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If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far.
~snip~
Simply put, Bitcoin does not need to be legal tender in order to be accepted and there is evidence for this all over the world.
Yes you are right, even though it's not a legal tender the rate at which they are using for online transactions is higher and I doubt if they made it legal tender won't there be much monitoring over the transactions?
And won't Government asked every individual to register their address or maybe something that could be tied to our various bank account to show that a specific amount of bitcoin was moved from the wallet of Mr. A from Africa to the wallet of Mr. K in USA. Don't you think something like this could likely happened?
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Yes you are right, even though it's not a legal tender the rate at which they are using for online transactions is higher and I doubt if they made it legal tender won't there be much monitoring over the transactions?
And won't Government asked every individual to register their address or maybe something that could be tied to our various bank account to show that a specific amount of bitcoin was moved from the wallet of Mr. A from Africa to the wallet of Mr. K in USA. Don't you think something like this could likely happened?
Only fewest countries around the word have supported using bitcoin for digital currency transaction and still have many countries allow for digital investment assets only. In my country Indonesia bitcoin as digital investment assets only following and illegal for using as transaction payment.
Our local exchange have adopted with KYC and easily for tracking how many bitcoin assets hold in your wallet, but I doubt many people want to show to public about how much bitcoin amount hold in their wallet and most interested keep hidden their assets in own wallet.
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I have been using Bitcoin an investment, and it is yielding the desired results. As a Trader, I think that Bitcoin has open opportunity as an investment asset class than as a currency.
As a matter of facts, you may well understand that those who bought Bitcoin in 2019 are now reaping huge returns and it gives new investors a great boost to keep on holding or trading.
As a trader, I buy during the dip or correction, and sell when the market move up to certain levels. I have not bought anything with Bitcoin in my region, though places to buy items and pay with Bitcoin has not open yet.
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Yes you are right, even though it's not a legal tender the rate at which they are using for online transactions is higher and I doubt if they made it legal tender won't there be much monitoring over the transactions?
And won't Government asked every individual to register their address or maybe something that could be tied to our various bank account to show that a specific amount of bitcoin was moved from the wallet of Mr. A from Africa to the wallet of Mr. K in USA. Don't you think something like this could likely happened?
Only fewest countries around the word have supported using bitcoin for digital currency transaction and still have many countries allow for digital investment assets only. In my country Indonesia bitcoin as digital investment assets only following and illegal for using as transaction payment.
Our local exchange have adopted with KYC and easily for tracking how many bitcoin assets hold in your wallet, but I doubt many people want to show to public about how much bitcoin amount hold in their wallet and most interested keep hidden their assets in own wallet.
Numbers of people who are using bitcoin for transaction are much higher and even though it is legalized or not the rate would still be higher, currently now almost about 50% of most countries are using bitcoin either openly or secretly for transaction. The reason most people uses a non-kyc exchange is because of their privacy and they wouldn't want it to be revealed by exchange site.
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The main reason I have bitcoin is because I use it as an investment. I do not want to use it as a currency but there are sometimes that I see it as a means of payment and also when I want to send money to someone, I make use of it as a currency at that time. But my focus is still as investment.
The investment aspect of it is what many people might have had the intention to use it for, but some other people are using it as currency and some also as a means of receiving payments for jobs since it’s built on anonymity. I personally embrace it for its investable feature that you can depend on to grow overtime but sometimes use it as a currency which is actually the main reason for the invention of it. I now switch between the two of them whether as an investment or as a current and I really like the options of using them for those two purposes.
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I'm using both of the options as a currency and as an investment, I'm using it as payment for my webhost and for my domain, it is foremost as a currency and Satoshi wants us to use it as a currency and as for payment, this is why he created a peer-to-peer payment with no third party involved.
I learned a lot from using it as a currency because you are not only honoring Satoshi's works but also supporting the chain.
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I'm using both of the options as a currency and as an investment, I'm using it as payment for my webhost and for my domain, it is foremost as a currency and Satoshi wants us to use it as a currency and as for payment, this is why he created a peer-to-peer payment with no third party involved.
I learned a lot from using it as a currency because you are not only honoring Satoshi's works but also supporting the chain.
not only does it benefit the blockchain and the community but it is very beneficial to us as well there is a reason why bitcoin was very promoted to be used as a currency it is not only beneficial as an investment but can also serve as the more favorable currency to do transactions with in comparison with fiat
despite high transaction fees it is actually cheaper and faster to use bitcoin to send/receive payments compared to banks or other platforms using fiat
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Numbers of people who are using bitcoin for transaction are much higher and even though it is legalized or not the rate would still be higher, currently now almost about 50% of most countries are using bitcoin either openly or secretly for transaction. The reason most people uses a non-kyc exchange is because of their privacy and they wouldn't want it to be revealed by exchange site.
Talking about privacy I believe many people easily using bitcoin as digital currency transaction than using fiat or other digital payment have not privacy yet. I think bitcoin indeed not legal in one country they can adopt for payment currency when transaction with other people without get allowed from government firstly during both of them have reach agreement deal early.
Bitcoin have many function from payment transaction to make easily than fiat and have opportunity increasing our assets by investing in bitcoin.
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If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far.
~snip~
Simply put, Bitcoin does not need to be legal tender in order to be accepted and there is evidence for this all over the world.
Yes you are right, even though it's not a legal tender the rate at which they are using for online transactions is higher and I doubt if they made it legal tender won't there be much monitoring over the transactions?
And won't Government asked every individual to register their address or maybe something that could be tied to our various bank account to show that a specific amount of bitcoin was moved from the wallet of Mr. A from Africa to the wallet of Mr. K in USA. Don't you think something like this could likely happened?
If I understood you correctly, your question is whether the authorities in El Salvador somehow monitor BTC transactions - and considering that the whole thing is quite centralized, considering that there is an official Chivo wallet, I think they have very good control over everything. Considering the mentality of politicians in that part of the world, I doubt that anyone would allow the financing of opposition politicians through cryptocurrencies - if they even exist in that country after all the "unfit" have ended up in prison anyway.
Can the authorities ask (require) that every transaction be linked to our identity? Of course, there are some ideas in this direction, especially in the EU - but an idea is one thing, and implementation is something completely different.
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It's no secret that Bitcoin is increasingly moving away from the idea of a cryptocurrency in the direction of an investment asset, especially since companies offering spot ETFs started trading with it. It seems to me that there is a similar attitude among small investors, so I am interested in whether the members of this forum use Bitcoin only as an investment in the sense of "buy cheap, sell high", or there are also those who from time to time pay for some digital services with BTC or buy physical things.
I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
Thanks to the Lightning Network, BTC payments are now totally doable and El Salvador has proven that. It means anyone can use BTC super easily, super fast, and for next to nothing in fees. But we still don't see widespread BTC payments for a bunch of reasons.
The main reason is legal. In many countries, including where I live, BTC payments are banned and seen as a threat to the national economy because it can mess with the value of their own currency. Personally, I've never been able to spend my sats on anything because no one dares accept BTC payments.
Another reason is related to the investment mindset. BTC holders always have this feeling that BTC price will keep going up, so spending BTC today might feel like a mistake. I haven't sold any of my BTC to buy a new laptop for the same reason. I think BTC will hit $150K-170K in the next few months, and I could buy multiple laptops then ^^
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That is why the many countries already impose strict regulations on this currency which in fact decreases its use as a currency but the potential of this technology is really massive, which may be useful for the society. As of now, the only valid usage of Bitcoin is in the investment field, and for foreign exchange too, the rules are still rather stringent. This must be so for such a financial innovation to be experienced as a problem, particularly for those who wish to observe it grow in ordinary existence. Despite the fact, that it may seem that the regulation changes are quite remote, there is always the prospect that over time the realization of its benefits for increasing the number of people will gradually grow. Alone, we can only hope for the day when this is develop into a feed that people will notice and provide space in an attempt to improve the economy of society.
True. There are many countries who make strict regulation. This become the obstacle for Bitcoin to be the global currency in the world. Now, Bitcoin is only massive to use as the digital investment. This is mostly legal in each country in the world. I think this also can happen in Bitcoin as a currency if there will be more countries to use it as legal tender in the future. We just need to wait for the time, I think there should be the time when we are free to use Bitcoin as a global currency in the next few years.
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True. There are many countries who make strict regulation. This become the obstacle for Bitcoin to be the global currency in the world. Now, Bitcoin is only massive to use as the digital investment. This is mostly legal in each country in the world. I think this also can happen in Bitcoin as a currency if there will be more countries to use it as legal tender in the future. We just need to wait for the time, I think there should be the time when we are free to use Bitcoin as a global currency in the next few years.
Because if legalized as a currency, the government of each country will find it increasingly difficult to control it, especially to know and control the finances of each of its citizens. and not only that, they will also certainly have difficulty in knowing or analyzing economic movements in their country if many citizens use crypto as a currency, but the point is about their ability to control their citizens it will be difficult and cannot do it, especially for income and expenditure. meaning many only legalize it as a commodity asset or for investment or other activities other than using it as a means of payment in the country.
So far, I am the same, and maybe most of my country is the same, using crypto only as a commodity asset, either for crypto trading investment, or others. As for currency, no. Maybe there are those who do it secretly, we won't know because usually they keep each other's secrets for security. or using crypto as a means of payment when making transactions globally, that is also certainly secret and maintaining each other's privacy.
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I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.
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~snip~
The main reason is legal. In many countries, including where I live, BTC payments are banned and seen as a threat to the national economy because it can mess with the value of their own currency. Personally, I've never been able to spend my sats on anything because no one dares accept BTC payments.
Another reason is related to the investment mindset. BTC holders always have this feeling that BTC price will keep going up, so spending BTC today might feel like a mistake. I haven't sold any of my BTC to buy a new laptop for the same reason. I think BTC will hit $150K-170K in the next few months, and I could buy multiple laptops then ^^
However, if you look at payment with BTC, it is not illegal anywhere in the European Union (as far as I know), nor in the US or Japan, and yet few people decide to make such a move precisely because of what you mentioned. It is obviously difficult to accept that today you spend BTC, and in a few months the price will be 50% higher - but from the famous most expensive pizzas in history until today, people have paid for something with BTC, and I also remember that I bought a lot of things while the price was under $20k, but I don't regret it too much because I bought the things I needed.
I also hope that a big bull run will happen, a lot of people expect it and it would not be pleasant if they were disappointed. ;)
@kai, I guess you know that you don't have to buy 1 BTC, you can theoretically buy any amount depending on where and from whom you buy. If for some reason you can't buy right now, I'll send you a small amount just enough so you can say you own BTC ;)
Of course you need a wallet, I recommend Electrum or BlueWallet - both have desktop and mobile versions.
+ karmas have been sent
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@kai, I guess you know that you don't have to buy 1 BTC, you can theoretically buy any amount depending on where and from whom you buy.
Yes, as far as I know we can buy Bitcoins in decimal fractions like 0.00001 or 0.0001 Satoshi etc.
If for some reason you can't buy right now, I'll send you a small amount just enough so you can say you own BTC ;)
Of course you need a wallet, I recommend Electrum or BlueWallet - both have desktop and mobile versions.
Thank you for your offer to send me Bitcoin but I will decline it because I would rather use my own money from the real world or get a gift from the digital world and then buy Bitcoin. Although your intention is good and I appreciate it but I will decline the gift of Bitcoin from you. I am more comfortable using my own money to buy Bitcoin. Thank You.
+ karmas have been sent
Thank you for +1 for me , i appreciate it.
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@kai, no problem, I hope you will get a place in a sig campaign and that way "earn" your first coins - it's definitely a better feeling than someone giving them to you, although my offer remains open ;)
I'm sure many have a smile on their face today, because the bulls seem to be back and this time they seem to be serious.
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I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.
At the moment I have no chance to use Bitcoin as a currency but I can use Bitcoin as an investment. Holding Bitcoin for the long term will increase your chances of making good money. There are many who can't afford to buy a single bitcoin at once, but if they try to gradually grow their portfolio by holding bitcoins with following DCA, they will definitely be more profitable in the long run. After 2021 Bitcoin has been bearish for a long time but current Bitcoin has reached bullish movement. We expect Bitcoin to cross the previous all-tile high within this month.
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I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.
At the moment I have no chance to use Bitcoin as a currency but I can use Bitcoin as an investment. Holding Bitcoin for the long term will increase your chances of making good money. There are many who can't afford to buy a single bitcoin at once, but if they try to gradually grow their portfolio by holding bitcoins with following DCA, they will definitely be more profitable in the long run. After 2021 Bitcoin has been bearish for a long time but current Bitcoin has reached bullish movement. We expect Bitcoin to cross the previous all-tile high within this month.
If you are living in a country on which they do have that legalized Bitcoin or accepts out payments into those merchants available then you could really be possibly be able to do such stuff
but for me despite of such condition then it will really be something that thing i do consider. Why? We do know that it would really be just that a waste that you will really be that making use of your Bitcoin into something that you could do with fiat in terms of purchasing something. If you do really want to experience at least on making use of Bitcoin as a payment then you could do it once but making it many times then i dont think that someone will be doing it, but instead they would be going for long term holds because we do know on what are the opportunities
that it does have on simply holding it.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
Bitcoin have already been used in many countries although not yet recognized as legal currency but they are being used by many merchants. This proves that more people are accepting the cryptocurrencies, since they are becoming more familiar with them and are used in different parts of the world at the present time.
Perhaps, this adoption can also occur in our country and becomes the right move in the international payment system. Thus, the constantly growing awareness of the general public contributed to understanding digital currencies creates excellent conditions for further acceptance of Bitcoin in the future.
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@kai, no problem, I hope you will get a place in a sig campaign and that way "earn" your first coins - it's definitely a better feeling than someone giving them to you, although my offer remains open ;)
I'm sure many have a smile on their face today, because the bulls seem to be back and this time they seem to be serious.
My pleasure, my pride to be able to meet you.
I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.
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There are many who can't afford to buy a single bitcoin at once, but if they try to gradually grow their portfolio by holding bitcoins with following DCA, they will definitely be more profitable in the long run.
.....
As I recall, many people also suggest using the DCA method so that Bitcoin can be collected easily and a lot if using DCA. Unfortunately, if I pay attention to this DCA method, it means that we must have fresh funds ready to buy Bitcoin per month, for example, I buy Bitcoin per month worth 100 dollars, and if multiplied in 1 year, it means I have to spend fresh money worth 1,200 dollars.
And my question is, 100 dollars per month is a large value and I don't know how I get 100 dollars in one month?
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
Right, many countries are still in the gray area, so it means it's neither legal nor illegal and we are very luck if we lived on that country. And we used Bitcoin as a sound money although we have to used a middle man to transact and not that p2p that it was designed.
But still though, that's good to us, I mean yeah, we could have some in our wallet as a investment. However, at the same time, we could still used it as a currency, either convert it to local fiat or used a 3rd party as I have said to process transactions.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
This is applicable to my country as well, even though it's not made a legal tender the rate at which bitcoin transaction is ongoing beneath is huge so even though they it's made a legal tender there won't be any changes as the transaction has been on going and people already familiar with it. I know before legalization bitcoin will already have a total dominance across the space and has been soaring so far without the help of the government.
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It's no secret that Bitcoin is increasingly moving away from the idea of a cryptocurrency in the direction of an investment asset, especially since companies offering spot ETFs started trading with it. It seems to me that there is a similar attitude among small investors, so I am interested in whether the members of this forum use Bitcoin only as an investment in the sense of "buy cheap, sell high", or there are also those who from time to time pay for some digital services with BTC or buy physical things.
I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
I don't have the luxury to use BTC as currency like I can't pay with BTC directly but I do use my BTC to purchase items but first I have to do P2P to get my local currency to pay for items. Indirectly I use BTC as currency but when the time will come I will use BTC as the main currency to pay the price. But now in my country it's still not considered legal so buyers don't accept payment in BTC.
I sometimes think to buy domains and hosting via BTC but never did that because it seems a but expensive at the moment. So will I be considered as one using BTC to pay for items as a currency.
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I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
Well, to be honest with you, I mainly use bitcoin as an investment asset, only ones have I used bitcoin to pay for a motorbike I bought and that in the year 2021 or 2022 - I can't vividly remember anymore.
Coming from a country where our local currency seems to always be losing value against the US dollars and other world fiat currencies, people like myself are all looking for a hedge, another currency where we can save our money on so it doesn't end up valueless and completely lost due to inflation, for this reason, I am very quick to spend my fiat currencies or goods and services while I save my bitcoin as an investment, and I love it absolutely, no regrets at all.
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The best part of bitcoin is it can be used as a currency and as well as an investment also. And why not I take the benefit from the both?
Yes I used bitcoin for both investment and as a currency. As a currency I got my service payment their is no obstacles here because for the peer to peer system and as well as the most trusted and good privacy maintained.
And on the other hand I am also adopting bitcoin in every week or when I won't be able to do in week I do in month with the DCA strategy for the long -term investment.
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Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
Right, many countries are still in the gray area, so it means it's neither legal nor illegal and we are very luck if we lived on that country. And we used Bitcoin as a sound money although we have to used a middle man to transact and not that p2p that it was designed.
But still though, that's good to us, I mean yeah, we could have some in our wallet as a investment. However, at the same time, we could still used it as a currency, either convert it to local fiat or used a 3rd party as I have said to process transactions.
That's why the government always makes their rules, and tries to control whatever we do. But on the other hand, we also have the right to do what we want. So, let's just optimize the existing loopholes, the existing opportunities to focus on what we want. Especially in the crypto world, everything is online, as long as we can do it, just do it, and be careful to avoid anything that might be dangerous or detrimental to us. Crypto gives us many benefits if we can optimize it, so regardless of any regulations, let's just take advantage of it.
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As I recall, many people also suggest using the DCA method so that Bitcoin can be collected easily and a lot if using DCA. Unfortunately, if I pay attention to this DCA method, it means that we must have fresh funds ready to buy Bitcoin per month, for example, I buy Bitcoin per month worth 100 dollars, and if multiplied in 1 year, it means I have to spend fresh money worth 1,200 dollars.
And my question is, 100 dollars per month is a large value and I don't know how I get 100 dollars in one month?
For someone, $100 is a lot of money - for someone else, it's not at all - it all depends on where you live and how much you earn. Money is something you usually get by getting a job and then getting paid for your work - or say you plant tomatoes and potatoes and sell them at your local market. There are many ways to earn money, you just have to choose the method that suits you best.
~snip~
I sometimes think to buy domains and hosting via BTC but never did that because it seems a but expensive at the moment. So will I be considered as one using BTC to pay for items as a currency.
Why not try? Hosting has fairly uniform prices, it all depends on what you need - but there are many companies that accept cryptocurrencies for their services of this type.
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In our country until now has not accepted Bitcoin as a legal tender, but the government here does not prohibit its people from trading and investing in Bitcoin.
Like most people, I only use Bitcoin for investment and also trading to increase my money.
But it is not impossible if one day our country accepts payment with Bitcoin then we will do the same.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
Right, many countries are still in the gray area, so it means it's neither legal nor illegal and we are very luck if we lived on that country. And we used Bitcoin as a sound money although we have to used a middle man to transact and not that p2p that it was designed.
But still though, that's good to us, I mean yeah, we could have some in our wallet as a investment. However, at the same time, we could still used it as a currency, either convert it to local fiat or used a 3rd party as I have said to process transactions.
It depends on the country if you can transact directly without using p2p services but still it's more better to use the service because sometimes there could be a kind of trace through banks since there are still more eyes from government monitoring transaction, especially my country. Most time using third party payment system is quite good.
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Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
Right, many countries are still in the gray area, so it means it's neither legal nor illegal and we are very luck if we lived on that country. And we used Bitcoin as a sound money although we have to used a middle man to transact and not that p2p that it was designed.
But still though, that's good to us, I mean yeah, we could have some in our wallet as a investment. However, at the same time, we could still used it as a currency, either convert it to local fiat or used a 3rd party as I have said to process transactions.
That's why the government always makes their rules, and tries to control whatever we do. But on the other hand, we also have the right to do what we want. So, let's just optimize the existing loopholes, the existing opportunities to focus on what we want. Especially in the crypto world, everything is online, as long as we can do it, just do it, and be careful to avoid anything that might be dangerous or detrimental to us. Crypto gives us many benefits if we can optimize it, so regardless of any regulations, let's just take advantage of it.
However, there is still some space between the lines of rules, and we have the right to change our direction ourselves even in the crypto world. This new world indeed offers many ways as to how one can build him up and be what he or she wants to be in this world provided one can come across the right outlook to the many opportunities out there.
Crypto is promising if used correctly meaning it has great potential to make things worse if used wrongly, care is needed when taking steps. That implies that we can still achieve the maximum benefits as we strive to stick to the existing regulations and look at every opportunity that comes our way.
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Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.
If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.
Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.
Right, many countries are still in the gray area, so it means it's neither legal nor illegal and we are very luck if we lived on that country. And we used Bitcoin as a sound money although we have to used a middle man to transact and not that p2p that it was designed.
But still though, that's good to us, I mean yeah, we could have some in our wallet as a investment. However, at the same time, we could still used it as a currency, either convert it to local fiat or used a 3rd party as I have said to process transactions.
It depends on the country if you can transact directly without using p2p services but still it's more better to use the service because sometimes there could be a kind of trace through banks since there are still more eyes from government monitoring transaction, especially my country. Most time using third party payment system is quite good.
In my country I am not too strict in monitoring Bitcoin and Crypto transactions, it is only done on the local exchange.
But I rarely trade on the local exchange, only when I need Fiat I just did it.
And maybe the supervision and regulations in a country are different.
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In our country until now has not accepted Bitcoin as a legal tender, but the government here does not prohibit its people from trading and investing in Bitcoin.
Like most people, I only use Bitcoin for investment and also trading to increase my money.
But it is not impossible if one day our country accepts payment with Bitcoin then we will do the same.
We have similar stand of Bitcoin in my country. The government didn't declare Bitcoin as legal tender neither do they ban it but they don't just like the fact that people use Bitcoin because it goes against their true traditional system but of course they can't ban it because Bitcoin is what feed many people, doing that will make plenty of people jobless.
I think that if in the future Bitcoin doesn't dump like it use to in the past, like it becomes stable like Golf but appreciate often, the government will be forced to allow it becomes a legal tender like gold so that people can trade Bitcoin directly with anything they like but it will comes with regulation definitely.
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In our country until now has not accepted Bitcoin as a legal tender, but the government here does not prohibit its people from trading and investing in Bitcoin.
Like most people, I only use Bitcoin for investment and also trading to increase my money.
But it is not impossible if one day our country accepts payment with Bitcoin then we will do the same.
We have similar stand of Bitcoin in my country. The government didn't declare Bitcoin as legal tender neither do they ban it but they don't just like the fact that people use Bitcoin because it goes against their true traditional system but of course they can't ban it because Bitcoin is what feed many people, doing that will make plenty of people jobless.
I think that if in the future Bitcoin doesn't dump like it use to in the past, like it becomes stable like Golf but appreciate often, the government will be forced to allow it becomes a legal tender like gold so that people can trade Bitcoin directly with anything they like but it will comes with regulation definitely.
The fluctuating value of Bitcoin is very high, Setya Bitcoin is decentralized is the main reason why Bitcoin is difficult to accept by most countries. But I am optimistic, seeing the very rapid development of Bitcoin and the increasing number of people who are looking for information about Bitcoin. Over time, many countries will legalize Bitcoin as a transaction tool, the most important thing now is that we must be grateful to be able to know Bitcoin earlier. Because out there there are still many people who do not understand what Bitcoin is.
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I don't want to say something else but I am mostly using bitcoin as an investment. There were times in the past that I have use third party providers for paying BTC for the purchases that I have done but that don't happen now often. Because to me, it's more important to hold Bitcoin as an investment or an asset than as a currency. Satoshi's vision in making it is about having it used for medium of exchange and mostly as a currency but times are quickly changing and it is not just a currency anymore.
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I don't want to say something else but I am mostly using bitcoin as an investment. There were times in the past that I have use third party providers for paying BTC for the purchases that I have done but that don't happen now often. Because to me, it's more important to hold Bitcoin as an investment or an asset than as a currency. Satoshi's vision in making it is about having it used for medium of exchange and mostly as a currency but times are quickly changing and it is not just a currency anymore.
I only use bitcoin for investment not as a means of payment, although bitcoin can be done as a payment method but the government in my country still prohibits it.
So I always focus on investing and getting the results of my investment every 4th cycle because I chose Hold for the long term following the cycle.
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I don't want to say something else but I am mostly using bitcoin as an investment. There were times in the past that I have use third party providers for paying BTC for the purchases that I have done but that don't happen now often. Because to me, it's more important to hold Bitcoin as an investment or an asset than as a currency. Satoshi's vision in making it is about having it used for medium of exchange and mostly as a currency but times are quickly changing and it is not just a currency anymore.
I only use bitcoin for investment not as a means of payment, although bitcoin can be done as a payment method but the government in my country still prohibits it.
So I always focus on investing and getting the results of my investment every 4th cycle because I chose Hold for the long term following the cycle.
We have a clear aim at the concentrated investment approach, the primary asset of which is bitcoin as a durable good. While still not as comprehensive as an investment asset this choice allows us more portfolio control within the current regulatory environment. In general, by means of the method which you use, we are capable of receiving stable and valuable chance at every stage of price rising.
This feasibility of it to continue in Hold method, makes it possible for us to endure fluctuations, and embrace more favorable outcomes. We have decided to follow a slow but promising road. It helps to meet future change with confidence which means that each of the cycles is effective and can be considered as the cycle of continuous improvement.
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I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.
I used to purchase digital items with Bitcoin but now I don't do that. I personally consider Bitcoin a good investment and as a trader I also use it for trading.
When it comes to investing then there's nothing as good as Bitcoin and similarly when it comes to safe trading then Bitcoin is the winner.
So in simple words I'm someone who doesn't buy physical items directly with Bitcoin and when I have to then I do p2p and convert it to fiat and with fiat I can purchase physical items way easily as of now.
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I used to purchase digital items with Bitcoin but now I don't do that. I personally consider Bitcoin a good investment and as a trader I also use it for trading.
When it comes to investing then there's nothing as good as Bitcoin and similarly when it comes to safe trading then Bitcoin is the winner.
So in simple words I'm someone who doesn't buy physical items directly with Bitcoin and when I have to then I do p2p and convert it to fiat and with fiat I can purchase physical items way easily as of now.
I agree with you, bitcoin is the most suitable coin for investment, because the price will be more expensive over time by looking at the 4-year cycle we can see the performance of bitcoin.
Bitcoin will experience a price increase and always touch a new ATH in every cycle.
I only use bitcoin for investment and I have never bought anything using bitcoin.
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I used to purchase digital items with Bitcoin but now I don't do that. I personally consider Bitcoin a good investment and as a trader I also use it for trading.
When it comes to investing then there's nothing as good as Bitcoin and similarly when it comes to safe trading then Bitcoin is the winner.
So in simple words I'm someone who doesn't buy physical items directly with Bitcoin and when I have to then I do p2p and convert it to fiat and with fiat I can purchase physical items way easily as of now.
I agree with you, bitcoin is the most suitable coin for investment, because the price will be more expensive over time by looking at the 4-year cycle we can see the performance of bitcoin.
Bitcoin will experience a price increase and always touch a new ATH in every cycle.
I only use bitcoin for investment and I have never bought anything using bitcoin.
I know that bitcoin has turned into one of the most popular forms of investment today, which is quite comfortable for those who expect its price to rise in the future. The cryptocurrency has a tendency to have high fluctuations with a four-year cycle, but the general constant increase might be very attractive. As you do, I do not spend bitcoin like plain cash but rather use it as a significant investment since its future scarcity will enable it to perform a store of value function well.
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I agree with you, bitcoin is the most suitable coin for investment, because the price will be more expensive over time by looking at the 4-year cycle we can see the performance of bitcoin.
Bitcoin will experience a price increase and always touch a new ATH in every cycle.
I only use bitcoin for investment and I have never bought anything using bitcoin.
Many top or bigger company adopting bitcoin not as their payment transaction only but also as investment assets because most suitable for long term investment.
Adopting bitcoin as payment currency is worth but many countries still not legal using bitcoin as payment currency transaction and I think suitable when adopting bitcoin as commodity or investment assets.
Increasing of bitcoin price year by year most drastically I think reason why many company, personal until any government adopted bitcoin as investment assets than using as digital currency transaction.
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I have never spent btc directly to buying something , because in my country there are no stores that accept btc as payment so I have to exchange it to my fiat first,
is this still considered shopping with my btc?
I have btc with the initial goal of investing, and as a reserve fund if I need money, but after 2021 my btc ran out because I sold it all,
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I have never spent btc directly to buying something , because in my country there are no stores that accept btc as payment so I have to exchange it to my fiat first,
is this still considered shopping with my btc?
I have btc with the initial goal of investing, and as a reserve fund if I need money, but after 2021 my btc ran out because I sold it all,
If in your country, bitcoin is not accepted as a payment method, you can only use bitcoin as an investment tool. By selling bitcoin and exchanging it to FIAT for shopping, it does not mean shopping with bitcoin but shopping with FIAT because the store you want does not accept bitcoin as a payment method.
I also do the same thing as you, because there are still few stores that can accept bitcoin.