Quote from: k@suy on January 24, 2020, 06:39:49 PM

Quote from: TimtheYoutuber on January 24, 2020, 06:23:43 PM

#HowICrypto

Have fun with it and hashtag #HowIcrypto where you use social media.

I use cryptocurrency every single day, I mostly use a middleman like Bitpay to process all of my transactions. So even though I might not be buying bread with USD, I used my Bitcoin to make the purchase. This makes it nice for me since I run my business in the crypto space, I can get paid from someone in China instantly and buy food at the store within 5 minutes. I love that about bitcoin, what about you?

The money that I am spending in my daily needs comes from here but I cannot say that I am using bitcoins daily because I am converting my bitcoins into fiat every sunday as my budget for the whole so I cannot say that I am using bitcoin in my daily life. Even if how much do I love to use bitcoin in my daily lives but still I cant because here in my country cryptocurrencies are not legal.

I'm also earning my living thru the work online paid directly to my bitcoin wallet (no tokens and no online wallets, yuck). But i do not exchange it for fiat. The fiat in my country is the worst of the planet, when you live in hyperinflation (and access to foreign currencies is restricted) you do not want to keep any of that money (it loses a lot of value every day), but you still need it to purchase things to live.

So, only when the time comes to buy something, and for the approximate amount needed you exchange just that and leave the rest in the wallet as bitcoin savings. So its like a slower version of a payment processor, however the fees are much lower too. Oh the exchanged money in fiat is used electronically too, usually by debit card. Banknotes are very hard to come by, and when they do their purchasing power is minuscule anyway. So think of it like using bitcoin to fill your prepaid card in fiat. Except you get to choose who do you sell it to and for how much (not the payment processor).

The money that comes from, i don't know, people losing their gambling bets? is used to buy food and pay bills here.