Quote from: BuNga_cute on October 20, 2021, 09:29:42 AM

Quote from: michellee on October 20, 2021, 05:36:38 AM

Quote from: kevinovecka on October 19, 2021, 02:45:55 PM

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you

Using Litecoin as the payment will be an alternative to using bitcoin as the fee is not too high. But I do not use crypto as the payment to buy a product or pay for some services because I prefer to convert to fiat or buy a Paypal balance from my sellers.

I am trying to save my bitcoin and not use it for paying something because I see the potential of bitcoin price rising so high is wide open. After what happen to bitcoin reaching $64k, I believe that the price will increase more than that price.

Litecoin is indeed an altcoin that has low fees for transactions, but to my knowledge, people who use it as payment is still rare. Most use Litecoin
to send funds, the problem is that it is still very rare for merchants to accept payments with Litecoin, so Litecoin is rarely used for payments.
Most merchants only accept payments with Bitcoin, but we know Bitcoin transaction fees are quite expensive. With the price of Bitcoin reaching $64k
it is better to save rather than spend it on buying something. Because there is a possibility that the price of Bitcoin will continue to rise and reach
new ATH at the end of this year. But if there is an urgent need, I can't help but be forced to sell some of the Bitcoins I have. Because in my country
it is forbidden to use crypto for payments, I will convert my Bitcoins to fiat first.

If not many merchants are not using Litecoin as payment, maybe the customer needs to search for the other coins as payment and fortunately, in this crypto, we have many options of the coin to be used for the payment so we do not have to confuse to find one or two coins.

Once we can get the favourable coins as payment, we will stick to that coin and not change with the other coin because we feel feel-good to use that coin. But maybe only a few people will use bitcoin as payment, especially if they have many bitcoins, because with the high price of bitcoin now, they consider selling bitcoin than to use as payment. That will give them a big profit so they can have the money in fiat.