Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Daily Living
by
cynical
on 14/01/2020, 22:37:44 UTC
In my case, there are two main factors why it's still hard to use Bitcoin "daily". For my daily living and expenses, it's hard since there's still no enough acknowledgement of Bitcoin in my place because there's still no law about it. Another reason is its volatility. I can't just use it to buy things everyday, I still have to monitor the market. But if I have the opportunity to use it, it's a great opportunity to use it in reality aside from online

But to use bitcoin to a transaction will really cost you allot in your daily living. I probably suggest you use bitcoin for huge transactions though, still included in your daily life, but take advantage of the cryptocurrencies we have. Bitcoin is not the only crypto we could use but it could serve as the main currency we need, and  we could convert it to other assets such as XRP or ethereum daily, allot for transactions that we are making. In this case, we aren't just using bitcoin, but incorporating the use of altcoin. Thus, utilizing more cryptocurrency will lead to better crypto adoption.

Bitcoin transaction fees are not as expensive as a lot of people think.
https://bitcoinfees.info

Next Block Fee: fee to have your transaction mined on the next block (10 minutes).$0.39
3 Blocks Fee: fee to have your transaction mined within three blocks (30 minutes).$0.39
6 Blocks Fee: fee to have your transaction mined within six blocks (1 hour).$0.18

this is not an expensive price to pay for a large degree of privacy IMO