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How do you use your coins?

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With the world becoming more and more crypto focused and things line crypto cards coming out or places of business accepting cryptocurrency as payment i have to ask how many of you actually participate? Is the world of cryptocurrency still dominated by the transactions that are performed in the safety of shadow. Is this slowly becoming the minority of crypto transaction or will it ever? I know the only thing that i've ever done or seen done with a crypto is gambling and illegal purchases. Its the foundation of bitcoin for sure. Without a world that needed safety in illegal purchases there would not be a need for cryptocurrency. Its become more than that like it was intended to be but the facts is the facts. Illegal enterprise created the value of cryptocurrency. 

BUT! now that the times are charging has anyone bought their morning coffee with a crypto? paid for a taxi with a crypto? Anything?

I do believe decentralized monetary systems are tomorrow's reality and i cant wait for it to happen. I can only hope it happens in my lifetime. 

 

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I would love to make regular payments with crypto. Sadly, it is not that commonly accepted yet. I am sure in about 5 or 10 years, most businesses will accept most cryptos as a payment.

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crypto currencies are not regular yet, sadly i cant cash them out or exchange them, or even to spend them ,,, so i always keep them in wallet, and for the long run i play and i lose all i have ... lol

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I normally hold my coins and use it when I ran out of money. I feel like coins are collectible items. I only use it when I have no choice 

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no one in my country has been trading with crypto, I know that only a few online markets accept payments by crypto, but not many. Is it possible that someone bought coffee using crypto? whereas crypto has no form

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I have been almost using my coins just for paying some bills and some other stuff that i just won't mention on a public forum :)

As we are talking about a private currency so that's my take on this.

Overall i would use for several other stuff such as gambling if it was possible at real life casinos and buying something in real life as payment method.

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Well with spare coins like Bitcoin or any other coins that are accepted I tend to spend them until either I win enough to convert them to my specific coin: Litecoin.

I have a current investment account somewhere else which has over 12 Litecoins right now, this is something I been working on since the start of this new year. I'm trying to aim for bigger amounts as the more I accumulate, the more bankroll I have when players gamble themselves against a casino I will not announce :)

 

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On 12/01/2020 at 23:44, DarkBlood096 said:

Well with spare coins like Bitcoin or any other coins that are accepted I tend to spend them until either I win enough to convert them to my specific coin: Litecoin.

I have a current investment account somewhere else which has over 12 Litecoins right now, this is something I been working on since the start of this new year. I'm trying to aim for bigger amounts as the more I accumulate, the more bankroll I have when players gamble themselves against a casino I will not announce :)

 

Maybe you should diversify your coins instead using only Litecoin if you are not using mostly other currencies ofc.

As for instance you could use BTC, ETH, DOGE, XRP for gambling and then exchange to Litecoin ;) 

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I usually hold my coins and put it into legit sites that can gain small interest. Some of it I trade and some of it I invest in good performance staking coins. My main goal for my cryptocoins is to built a passive income day by day for long term. Sometimes I need to pay bills I convert some of my coins to our local currency.

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In venezuela their use a crypto coin that the goverment made to chill out the people (they created it and give coins to the people) and they didnt expected to be used that much but... it did and know is not usefull to buy stuff in there, only in few places are still able to spent petro on food and so, but it could be used between users principally i mean if i gamble btc and give a service and you could need my service i can exchange my service for btc because i use it and so

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I use my currencies in the field of trading and storage, I love storing money for a long time because the currency rates are increasing and falling and I am using the high prices to achieve profits

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Hello, I hold my coins and sell them when prices go up, I sometimes gamble with coins, my favorite coin is Bitcoin, I invest with Bitcoin.

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