Cryptocurrency isn´t meant to be only hodled at all times. Most tokens are meant to be used as a currency, a medium of payment. Yeah we aren´t quite there yet today but that doesn´t mean that you can´t spend some of your coins e.g.on a daytrip or even a holiday.
There are so many crypto credit cards available already, which will make it so easy for you to spend your coins in any shop, hotel or restaurant that accepts card payments. It´s not the direct way and you bet that I´d love to rather be able to pay with a steem transaction directly but we simply aren´t there YET.
One important thing on the way to mass adoption though is to actually use a product. Everyone who invests into cryptocurrency might eventually want to spend some of his holdings and that´s a good thing, because it will lead to a healthy flow of fiat in and out of the cryptosphere allowing a healthy longterm growth.
That all being said, do it like I just did it today, use your coins on a daytrip. Get yourself some delicious food and pay it with your crypto credit card. Maybe you are even among the lucky ones who got some shops close that accept cryptocurrency as a payment. Unfortunately I haven´t found one yet and could only enjoy to spend my coins directly on online purchases. Whenever I should finally be able to do my first real world purchase with crypto you can be sure I´ll tell you about it 😉
A Crypto Startup Revolutionizing Steem! |
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A Worldwide Crypto Society! | Awesome Steem Witnesses! |
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Here is the snag; there is so little opportunity around me to spend crypto that it is difficult. There were a few coffee shops that started to accept BTC last year, but they have stopped since the BTC blockchain become clogged toward the end of last year. Businesses really need to accept some other fluid coins. LTC, XLM, STEEM...?
Although cryptocurrency as the name suggests is intended to be used as an actual currency, we use them as an investment vehicle. The idea is solid and blockchain will be adopted but using them right now as fiat is more of a risk than the actual investment itself. Thoughts?
Agree. This is because of price appreciation. But that will flatten with time as adoption increases. I am sure we do not need 1500 coins and tokens currently seen in coinmarketcap.com. Question is who will survive and how the adoption landscape will look like. Remember Iomega zip disks in 1999-2000. I still have a few in my attic! :)
Honestly, I think none of the current ones are going to survive mass adoption, they are not simply designed for that. Hopefully next gen or quite possibly the generation of cryptocurrencies after that are going to be adopted.
lovely
Agree with u. Quality of life should be first thing.
So beautiful post,i like it very much,
Yeah crypto will soon get here ,some company's already using coins to purchase house in my country ,am hoping to have much coins too one day to be able to do that . and also to buy ORIGINAL LlAMBO not that your own Lambo oo .LOL
Nicely written! Completely agree, no need to save up all the money if one not intend to spend it! I'm really exited about LitePay this will revolutionize the crypto payments!
Ok
Need a bit more SP before I can think about going out and lording it, one day in the not too distant future though! Better get writing some more posts haha
Crypto is from sky
What a cool way to spend some coins. But for the meantime im still gathering bits of it and will follow your suggestion when time comes.
@steembusiness
Good post, more diversification in the payment, more freedom to decide how to spend your cryptocurrencies. I hope you tell us when you find a store where they accept your card, luck.
i am waiting eagerly too to make my first real purchase with crypto 😋
woi really cool, I hope you can vote me, and I invite you to vote have me!! Awesome upvote
Can be a good day to spend some coins. Market is quite healthy today.
I can't wait for the day when you pay for your groceries with crypto coins. And the best thing would be, it would make international payments so much faster and cheaper. No more banks needed who charge you humongous fees just for taking a vacation.
I totally agree. Taking some time off crypto and doing something relaxing can do wonders for your mental health. Checking coinmarketcap every second is definitely not good.
I'm waiting for pics of all the amazing food and places you visited, also an explanation of what currency you used. I'm hoping it was Steem ;)
I agree with what you said, in order for this tech to grow, we actually have to use it, test it and give it a proper run, rather than just keep on buying and hodling hoping for quick returns. :)
@steembusiness making it rain crypto coins all day trip long!
Rain of coins, that sounds awesome :)
HODL less, TRAVEL more ;)
You got a 100.00% upvote from @edensgarden courtesy of @steembusiness!